MIRA
INFORM REPORT
|
Report Date : |
28.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
ADITYA VIDYUT APPLIANCES LIMITED (w.e.f 12.05.1995) |
|
|
|
|
Formerly Known
As : |
ADITYA VIDYUT APPLIANCES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No.168 Hissa
No.10, Sonale Village, Bhiwandi Bypass Road, NH-3 Bhiwandi, Thane – 421 302,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
26.06.1989 |
|
|
|
|
Com. Reg. No.: |
11-052364 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.50.000
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31200MH1989PLC052364 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEA05256G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA5023E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject undertakes manufacturing and repairing of distribution
transformers and power transformers, it also manufactures transformers on a
contract basis. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2423000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track record. Company has
performed well. Overall financial position of the company is sound and
healthy. Trade relations are
reported to be fair. Business is active. Payments are reported to be usually
correct. 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.
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 |
Long Term Rating: BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
November 22, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
November 22, 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 DECLINED BY
|
Name : |
Mr. Arun |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-2522-280280 |
|
Date : |
26.05.2014 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Survey No.168 Hissa
No.10, Sonale Village, Bhiwandi Bypass Road, NH-3 Bhiwandi, District Thane –
421 302, Maharashtra, India |
|
Tel. No.: |
91-2522-281572/ 281573/ 281383 |
|
Fax No.: |
91-2522-281383 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
101/102, Dhanlaxmi Residency, L.B.S. Marg, Teen Hath Naka, Thane
(West), Thane – 400 602, Maharashtra, India |
|
Tel. No.: |
91-22-41220900-06 |
|
Fax No.: |
91-22-41220907 |
|
|
|
|
Factory 2 : |
Plot No.17, MIDC Sarawali, Kalyan-Bhiwandi Road, Taluka Bhiwandi,
District Thane – 421 311, Maharashtra, India |
|
Tel. No.: |
91-2522-280280/ 280381/ 280246/ 280175 |
|
Fax No.: |
91-2522-280246/ 280175 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Narayan Pundalik Shenvi Prabhu |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
B/2-4, Runwal Nagar, Kolbad Road, Thane – 400 601, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.10.1955 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Electric Engineer (Diploma) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Experience : |
38 Years |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.06.1989 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00416127 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AASPP8968N |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Vijaylaxmi Narayan Shenvi Prabhu |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
B/2-4, Runwal Nagar, Kolbad Road, Thane – 400 601, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.07.1961 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
M.S.C. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Experience : |
25 Years |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.06.1989 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00416189 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ALOPP8648Q |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Prakash Pundalik Shenvi |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No.C-3, 101, Ground Floor, Saket Housing Complex, Koli Marg,
Majiwada, Thane – 400 602, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.05.1965 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Mechanical
Engineer (Diploma) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Experience : |
25 Years |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.06.1989 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00416652 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AWOPS3957L |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Arun |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Vijaylaxmi Narayan Shenvi Prabhu |
|
1172081 |
|
Manjula P. Shenvi |
|
21710 |
|
Asha U. Vasaikar |
|
66000 |
|
Prakash Pundalik Shenvi |
|
1841329 |
|
Narayan Pundalik Shenvi Prabhu |
|
1808620 |
|
Pramod Shamrao Nadkarni |
|
23000 |
|
Sanjay U. Vasaikar |
|
21500 |
|
Meenaxi Fabrics Private Limited, India |
|
27500 |
|
Chanda M. Jain |
|
25000 |
|
Kavita Prakash Shenvi |
|
86760 |
|
Mahendrakumar K. Jain |
|
2500 |
|
Narayan Pundalik Shenvi Prabhu (HUF) |
|
40500 |
|
Sudhindra N. Shenvi Prabhu |
|
240000 |
|
Mahendrakumar K. Jain (HUF) |
|
13500 |
|
Aditya Narayan Shenvi Prabhu |
|
420000 |
|
Vaibhavi Sudhindra Shenvi Prabhu |
|
160000 |
|
Ojas Sudhindra Shenvi Prabhu |
|
10000 |
|
Arnav Sudhindra Shenvi Prabhu |
|
10000 |
|
Yashada Shenvi |
|
10000 |
|
Total
|
|
6000000 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Narayan Pundalik Shenvi Prabhu |
|
1953900 |
|
Prakash Pundalik Shenvi |
|
1050000 |
|
Vijaylaxmi Narayan Shenvi Prabhu |
|
821500 |
|
Manjula P. Shenvi |
|
124600 |
|
Sudhindra N. Shenvi Prabhu |
|
50000 |
|
Total
|
|
4000000 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
0.50 |
|
Directors
or relatives of directors |
|
98.00 |
|
Other
top fifty shareholders |
|
1.50 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject undertakes manufacturing and repairing of distribution
transformers and power transformers, it also manufactures transformers on a
contract basis. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management. |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India, Industrial Finance Branch, Arcade, 2nd
Floor, World Trade Centre, Cuff Parade, Mumbai - 400005, Maharashtra, India ·
Thane Janata Sahakari Bank Limited, Anant Laxmi Chamber, B-Cabin
Shivaji Nagar Road, Naupada, Thane – 400 602, Maharashtra, India ·
ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri, Vadodara –
390 015, Gujarat, India ·
Standard Chartered Bank, 201, B/1, Western Express Highway, Goregaon
(East), Mumbai – 400 063, Maharashtra, India ·
Bank of India, G-5, Ground Floor, Akruti SMC, Khopat Junction, Off LBS
Marg, Thane (West), Thane – 400 601, Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B.R.
Jajoo and Company Chartered
Accountants |
|
Address : |
211, Jai Commercial
Complex, Opposite Cadbury, Eastern Express Highway, Khopat, Thane (West),
Thane – 400 601, Maharashtra, India |
|
PAN No.: |
AAAPJ6807K |
|
|
|
|
Subsidiaries : |
Ranjani Sugar and Agri
Industries Private Limited, India (CIN No.: U01115MH2011PTC217309) |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 millions |
|
5000000 |
Preference Shares |
Rs.10/- each |
Rs.50.000 millions |
|
|
Total |
|
Rs.120.000
millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000
millions |
|
4000000 |
Preference Shares |
Rs.10/- each |
Rs.40.000
millions |
|
|
Total |
|
Rs.100.000 millions |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 millions |
|
5000000 |
12% Cumulative, Convertible, Redeemable Preference Shares |
Rs.10/- each |
Rs.50.000 millions |
|
|
Total |
|
Rs.100.000
millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000
millions |
|
4000000 |
12% Cumulative, Convertible, Redeemable Preference Shares |
Rs.10/- each |
Rs.40.000
millions |
|
|
Total |
|
Rs.50.000 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 |
50.000 |
6.537 |
6.537 |
|
(b) Reserves & Surplus |
555.743 |
414.029 |
302.073 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
3.563 |
|
Total
Shareholders’ Funds (1) + (2) |
605.743 |
420.566 |
312.173 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
183.452 |
214.863 |
298.447 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
183.452 |
214.863 |
298.447 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
294.152 |
289.971 |
241.632 |
|
(b)
Trade payables |
445.030 |
393.256 |
261.017 |
|
(c)
Other current liabilities |
84.752 |
86.884 |
2.404 |
|
(d) Short-term
provisions |
72.111 |
64.642 |
77.948 |
|
Total Current
Liabilities (4) |
896.045 |
834.753 |
583.001 |
|
|
|
|
|
|
TOTAL |
1685.240 |
1470.182 |
1193.621 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
336.554 |
364.774 |
369.148 |
|
(ii)
Intangible Assets |
1.396 |
0.472 |
0.000 |
|
(iii) Capital
work-in-progress |
21.400 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
209.335 |
135.820 |
0.526 |
|
(c) Deferred tax assets (net) |
11.785 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
57.200 |
13.800 |
12.400 |
|
(e) Other
Non-current assets |
30.342 |
13.898 |
0.000 |
|
Total Non-Current
Assets |
668.012 |
528.764 |
382.074 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.500 |
50.500 |
|
(b)
Inventories |
426.796 |
480.413 |
299.227 |
|
(c)
Trade receivables |
554.274 |
420.361 |
330.925 |
|
(d) Cash
and cash equivalents |
0.562 |
1.249 |
77.206 |
|
(e) Short-term
loans and advances |
0.000 |
0.000 |
53.689 |
|
(f)
Other current assets |
35.596 |
38.895 |
0.000 |
|
Total
Current Assets |
1017.228 |
941.418 |
811.547 |
|
|
|
|
|
|
TOTAL |
1685.240 |
1470.182 |
1193.621 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue
from operations |
1939.897 |
1750.167 |
1483.338 |
|
|
|
Other Income |
14.767 |
13.012 |
6.241 |
|
|
|
TOTAL (A) |
1954.664 |
1763.179 |
1489.579 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials
consumed |
1147.044 |
1229.330 |
1042.921 |
|
|
|
Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
68.686 |
(156.662) |
(92.414) |
|
|
|
Employee benefit expense |
123.708 |
111.313 |
76.838 |
|
|
|
Other expenses |
217.101 |
232.684 |
185.634 |
|
|
|
TOTAL (B) |
1556.539 |
1416.665 |
1212.979 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
398.125 |
346.514 |
276.600 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
135.012 |
124.572 |
92.790 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
263.113 |
221.942 |
183.810 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
55.387 |
51.061 |
66.237 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
207.726 |
170.881 |
117.573 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
72.288 |
58.925 |
53.363 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
135.438 |
111.956 |
64.210 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
135.44 |
171.26 |
98.22 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
6.93 |
6.35 |
4.31 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.71 |
9.76 |
7.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.40 |
12.81 |
9.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34 |
0.41 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.79 |
1.20 |
1.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14 |
1.13 |
1.39 |
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 |
6.537 |
6.537 |
50.000 |
|
Reserves & Surplus |
302.073 |
414.029 |
555.743 |
|
Share Application money pending allotment |
3.563 |
0.000 |
0.000 |
|
Net worth |
312.173 |
420.566 |
605.743 |
|
|
|
|
|
|
Long-term borrowings |
298.447 |
214.863 |
183.452 |
|
Short term borrowings |
241.632 |
289.971 |
294.152 |
|
Total borrowings |
540.079 |
504.834 |
477.604 |
|
Debt/Equity ratio |
1.730 |
1.200 |
0.788 |
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 |
1,483.338 |
1,750.167 |
1,939.897 |
|
|
|
17.988 |
10.841 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from operations |
1,483.338 |
1,750.167 |
1,939.897 |
|
Profit |
64.210 |
111.956 |
135.438 |
|
|
4.33% |
6.40% |
6.98% |
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 |
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 |
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] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
32] |
Date
of Birth 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 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10471935 |
19/12/2013 |
4,000,000.00 |
BANK OF INDIA |
G-5, GROUND FLOOR, AKRUTI
SMC, KHOPAT JUNCTION, OFF LBS MARG, THANE (WEST), THANE, MAHARASHTRA -
400601, INDIA |
B94151842 |
|
2 |
10457791 |
11/10/2013 |
1,705,000.00 |
TJSB SAHAKARI BANK
LIMITED |
ANANT LAXMI CHEMBER, B-CABIN
SHIVAJI NAGAR ROAD, NAUPADA, THANE, MAHARASHTRA - 400602, INDIA |
B88622394 |
|
3 |
10453527 |
04/10/2013 |
4,180,000.00 |
TJSB SAHAKARI BANK
LIMITED |
ANANT LAXMI CHEMBER,
B-CABIN SHIVAJI NAGAR ROAD, NAUPADA, THANE, MAHARASHTRA - 400602, INDIA |
B86864964 |
|
4 |
10453176 |
17/09/2013 |
3,583,000.00 |
TJSB SAHAKARI BANK
LIMITED |
ANANT LAXMI CHEMBER,
B-CABIN SHIVAJI NAGAR ROAD, NAUPADA, THANE, MAHARASHTRA - 400602, INDIA |
B86695566 |
|
5 |
10450816 |
02/09/2013 |
125,000,000.00 |
FULLERTON INDIA CREDIT
COMPANY LIMITED |
MEGH TOWERS, THIRD FLOOR,
OLD NO.307, NEW NO.165, POONAMALLEE HIGH ROAD, MADURAVOYAL, CHENNAI, TAMINADU
- 600095, INDIA |
B85650778 |
|
6 |
10452495 |
26/08/2013 |
1,430,912,224.11 |
TJSB SAHAKARI BANK
LIMITED |
RABODI BRANCH, THANE,
MAHARASHTRA - 400602, INDIA |
B86452604 |
|
7 |
10449945 |
07/08/2013 |
1,320,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, ARCADE, 2ND FLOOR, WORLD TRADE CENTRE, CUFF PARADE, MUMBAI,
MAHARASHTRA |
B85350692 |
|
8 |
10448495 |
30/07/2013 |
59,000,000.00 |
ECL FINANCE LIMITED |
EDELWEISS HOUSE, OFF.
C.S.T ROAD, KALINA, MUMBAI, MAHARASHTRA - 400098, INDIA |
B84757301 |
|
9 |
10413098 |
12/03/2013 |
1,900,000.00 |
TJSB SAHAKARI BANK
LIMITED. |
ANANT LAXMI CHEMBER,
B-CABIN, SHIVAJI NAGAR ROAD, NAUPADA, THANE, MAHARASHTRA -400602, INDIA |
B71223804 |
|
10 |
10406990 |
15/01/2013 |
120,000,000.00 |
BANK OF INDIA |
THANE MID CORPORATE BRANCH,
SHOP NO.5, GROUND FLOOR,, AKRUTI SMC, OFF LBS MARG,KHOPAT JUNCTION, THANE |
B69163640 |
|
11 |
10389514 |
17/12/2012 * |
100,000,000.00 |
STANDARD CHARTERED BANK |
STANDARD CHARTERED BANK, 201,
B/1 WESTERN EXPRESS HIGHWAY, GOREGAON (EAST), MUMBAI, MAHARASHTRA - 400063,
INDIA |
B64513203 |
|
12 |
10389299 |
12/11/2012 |
1,500,000.00 |
TJSB SAHAKARI BANK
LIMITED |
ANANT LAXMI CHEMBER, B- CABIN,SHIVAJI
NAGAR ROAD, NAUPADA, THANE, MAHARASHTRA - 400602, INDIA |
B63092167 |
|
13 |
10326171 |
09/12/2011 |
424,400.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
ANANT LAXMI CHEMBER, B-CABIN,
SHIVAJI NAGAR ROAD, NAUPADA, THANE, MAHARASHTRA - 400602, INDIA |
B28988004 |
|
14 |
10325667 |
05/12/2011 |
932,200.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
ANANT LAXMI CHEMBER, B-CABIN,
SHIVAJI NAGAR ROAD, NAUPADA, THANE, MAHARASHTRA - 400602, INDIA |
B28812741 |
|
15 |
10305937 |
19/07/2011 |
15,100,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI K'VILLA BRANCH,
THANE, MAHARASHTRA - 400601, INDIA |
B20387940 |
|
16 |
10288856 |
13/05/2011 |
2,574,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI K'VILLA BRANCH,
THANE, MAHARASHTRA - 400601, INDIA |
B13648464 |
|
17 |
10288654 |
19/07/2011 * |
18,700,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI K'VILLA BRANCH,
THANE, MAHARASHTRA - 400601, INDIA |
B20388542 |
|
18 |
10278106 |
16/03/2011 |
3,316,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
79, RABODI BRANCH, K
VILLA, THANE, THANE, MAHARASHTRA - 400601, INDIA |
B09906553 |
|
19 |
10258428 |
08/12/2010 |
1,174,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
79, RABODI, K VILLA,
THANE, THANE, MAHARASHTRA - 400601, INDIA |
B01317882 |
|
20 |
10257370 |
20/11/2010 |
2,378,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, K' VILLA,
THANE, THANE, THANE, MAHARASHTRA - 400601, INDIA |
B00329607 |
|
21 |
10247141 |
17/09/2010 |
352,467.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, K' VILLA,
THANE, THANE, THANE, MAHARASHTRA - 400601, INDIA |
A97056311 |
|
22 |
10225842 |
21/06/2010 |
294,594.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, K' VILLA,
THANE, THANE, MAHARASHTRA - 400601, INDIA |
A88294798 |
|
23 |
10211019 |
15/03/2010 |
365,232.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, K' VILLA,
THANE, THANE, MAHARASHTRA - 400601, INDIA |
A82555467 |
|
24 |
10205971 |
16/02/2010 |
825,182.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
79, K-VILLA, RABODI,
THANE, THANE, MAHARASHTRA - 400601, INDIA |
A80562325 |
|
25 |
10193685 |
30/12/2009 |
916,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
79, RABODI, K VILLA,
THANE, THANE, MAHARASHTRA - 400601, INDIA |
A76391481 |
|
26 |
10184140 |
28/10/2009 |
2,152,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, K' VILLA,
THANE, THANE, MAHARASHTRA - 400602, INDIA |
A72628308 |
|
27 |
10178569 |
12/09/2009 |
238,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, K' VILLA,
THANE, THANE, MAHARASHTRA - 400601, INDIA |
A70037767 |
|
28 |
10178570 |
11/09/2009 |
398,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, K' VILLA,
THANE, THANE, MAHARASHTRA - 400601, INDIA |
A70038120 |
|
29 |
10156606 |
28/04/2009 |
202,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE,
THANE, MAHARASHTRA - 400601, INDIA |
A61916011 |
|
30 |
10176498 |
19/07/2011 * |
2,934,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI K'VILLA BRANCH,
THANE, MAHARASHTRA - 400601, INDIA |
B20390563 |
|
31 |
10128585 |
19/07/2011 * |
60,649,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI K'VILLA BRANCH,
THANE, MAHARASHTRA - 400601, INDIA |
B20390159 |
|
32 |
10187143 |
06/10/2008 |
1,800,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, K'VILLA, THANE,
THANE, MAHARASHTRA - 400601, INDIA |
A53585451 |
|
33 |
10112650 |
17/06/2008 |
487,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE,
THANE, MAHARASHTRA - 400601, INDIA |
A41117375 |
|
34 |
10112649 |
17/06/2008 |
1,000,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE,
THANE, MAHARASHTRA - 400601, INDIA |
A41117144 |
|
35 |
10106666 |
15/10/2008 * |
30,000,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, K'VILLA, THANE,
MAHARASHTRA - 400601, INDIA |
A60549243 |
|
36 |
10092697 |
25/01/2008 |
1,020,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE,
THANE, MAHARASHTRA - 400601, INDIA |
A34303636 |
|
37 |
10092028 |
25/07/2007 |
2,400,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE,
THANE, MAHARASHTRA - 400601, INDIA |
A20582375 |
|
38 |
10052516 |
19/07/2011 * |
10,623,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI K'VILLA BRANCH, THANE,
MAHARASHTRA - 400601, INDIA |
B20386793 |
|
39 |
10052548 |
04/05/2013 * |
180,000,000.00 |
TJSB SAHAKARI BANK
LIMITED |
RABODI K'VILLA BRANCH,
THANE (WEST), THANE, MAHARASHTRA - 400601, INDIA |
B76303510 |
|
40 |
10052819 |
15/10/2008 * |
729,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, "THE ARCADE", 2ND FLOOR, WORLD TRADE CENTRE, CUFFE PARADE,
MUMBAI, MAHA |
A50242288 |
|
41 |
10052822 |
01/12/2010 * |
941,300,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, 2ND FLOOR, THE ARCADE, WORLD TRADE CENTRE, CUFFE PARADE, COLABA,
MUMBAI, MAHARASHTRA - 400005, INDIA |
B01123082 |
|
42 |
10145494 |
03/04/2007 |
109,000,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, K'VILLA, THANE,
MAHARASHTRA - 400601, INDIA |
A21568639 |
|
43 |
10009983 |
30/12/2006 * |
32,500,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, K'VILLA,
THANE, MAHARASHTRA - 400601, INDIA |
A02399160 |
|
44 |
80002775 |
26/12/2008 * |
50,000,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, K' VILLA,
THANE, THANE, MAHARASHTRA - 400601, INDIA |
A53584611 |
|
45 |
80002776 |
23/01/2006 |
20,000,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE (WEST),
THANE, MAHARASHTRA - 400602, INDIA |
- |
|
46 |
90148997 |
16/12/2004 |
10,000,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE
(WEST), MAHARASHTRA, INDIA |
- |
|
47 |
90148637 |
22/03/2004 |
2,500,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE
(WEST), MAHARASHTRA, INDIA |
- |
|
48 |
90148369 |
25/04/2006 * |
40,000,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE
(WEST), THANE, MAHARASHTRA - 400602, INDIA |
- |
|
49 |
80003367 |
01/09/2003 |
20,000,000.00 |
THE THANE JANAT SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE (W),
THANE, MAHARASHTRA - 400602, INDIA |
- |
|
50 |
90147961 |
26/02/2004 * |
410,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE
(WEST), MAHARASHTRA, INDIA |
- |
|
51 |
90147941 |
26/02/2004 * |
1,375,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE
(WEST), MAHARASHTRA, INDIA |
- |
|
52 |
90146304 |
26/02/2004 * |
780,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE
(WEST), MAHARASHTRA, INDIA |
- |
|
53 |
90146223 |
06/07/2005 * |
10,000,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE
(WEST), MAHARASHTRA, INDIA |
- |
|
54 |
90140923 |
26/02/2004 * |
2,196,281.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE
(WEST), MAHARASHTRA, INDIA |
- |
|
55 |
90147705 |
26/02/2004 * |
1,500,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE (WEST),
MAHARASHTRA, INDIA |
- |
|
56 |
90146185 |
26/02/2004 * |
15,000,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE
(WEST), MAHARASHTRA, INDIA |
- |
|
57 |
90147681 |
26/02/2004 * |
21,000,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE
(WEST), MAHARASHTRA, INDIA |
- |
|
58 |
90147301 |
17/06/1999 |
700,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI K VILLA BRANCH,
79/K; VILLA RABODI, THANE, MAHARASHTRA - 400601, INDIA |
- |
|
59 |
90147291 |
27/05/1999 |
2,500,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI K VILLA BRANCH,
79/K; VILLA RABODI, THANE, MAHARASHTRA - 400601, INDIA |
- |
|
60 |
90147250 |
26/02/2004 * |
3,000,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE
(WEST), MAHARASHTRA, INDIA |
- |
|
61 |
90147215 |
26/02/2004 * |
3,000,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE
(WEST), MAHARASHTRA, INDIA |
- |
|
62 |
90147128 |
07/10/1997 |
37,500,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI K VILLA BRANCH,
79/K; VILLA RABODI, THANE (WEST), MAHARASHTRA - 400601, INDIA |
- |
|
63 |
90147066 |
26/02/2004 * |
5,500,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE (WEST),
MAHARASHTRA, INDIA |
- |
|
64 |
90141885 |
17/12/1995 |
7,500,000.00 |
SASSION CATHOLIK CO-OP.
BANK LIMITED |
RABODI K VILLA BRANCH,
79/K ; VILLA RABODI, THANE (WEST), MAHARASHTRA - 400601, INDIA |
- |
|
65 |
90147051 |
12/05/1995 |
8,500,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI K VILLA BRANCH,
79/K ; VILLA RABODI, THANE (WEST), MAHARASHTRA - 400601, INDIA |
- |
|
66 |
90145860 |
26/02/2004 * |
4,500,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE (WEST),
MAHARASHTRA, INDIA |
- |
|
67 |
90146991 |
26/02/2004 * |
800,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE
(WEST), MAHARASHTRA, INDIA |
- |
|
68 |
90146981 |
26/02/2004 * |
1,000,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE
(WEST), MAHARASHTRA, INDIA |
- |
|
69 |
90146977 |
26/02/2004 * |
200,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE
(WEST), MAHARASHTRA, INDIA |
- |
|
70 |
90146975 |
06/03/1990 |
470,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, 79-K ;
VILLA RABODI, THANE (WEST), MAHARASHTRA - 400601, INDIA |
- |
|
71 |
90146974 |
26/02/2004 * |
470,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, THANE (WEST),
MAHARASHTRA, INDIA |
- |
|
72 |
90146968 |
27/01/2005 * |
530,000.00 |
THE THANE JANATA SAHAKARI
BANK LIMITED |
RABODI BRANCH, 79/K ;
VILLA RABODI, THANE, MAHARASHTRA - 400601, INDIA |
- |
* Date of charge modification
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
4.471 |
57.646 |
|
Other loans and advances |
35.200 |
35.200 |
|
Total
|
39.671 |
92.846 |
CORPORATE INFORMATION:
Subject is a Public Company
incorporated under provisions of the Companies Act 1956. The company is engaged
in Manufacturing, Repairing and Selling of Transformers. The company generally
caters to domestic market.
ISSUE OF PREFERENCE SHARES:
2012-13 was the year where
the company required more capital to intensify its growth prospects.
Accordingly, the directors plugged in Rs.40.000 millions into the company in
form of Preference Share Capital. These Preference Shares are issued for a term
of 15 years and carry a dividend at the rate of 12% p.a. Detailed term sheet is
kept at the registered office for the reference.
OPERATIONS:
During the financial year
ended March 31st 2013, the company achieved a Turnover of
Rs.1954.660 millions versus Rs.1763.180 millions in year ended March 31st
2012, representing a growth of 10.8%. Result was broad based with growth across
segments and geographies. Cost of Material consumed reduced by 6.7% to
Rs.1147.040 millions in 2012-13 versus Rs.1229.330 millions in 2011-12. EBITDA
(Earnings before Interest, Tax and Depreciation) increased to Rs.398.207
millions in 2012-13 from 346.514 millions in 2011-12, representing an EBITDA
Margin increase of around 72 bps.
The Directors took several
measures to overcome the situation by adhering to cost cutting measures and by
increasing the operational efficiencies. The members that operations of the
Company showed recovery in the last quarter of the financial year. The Current
Financial year will reflect positive trend in operational performance and
profitability of the Company as evident from the results for the first half of
the current financial year.
INDUSTRY SCENARIO:
To keep pace with the need
of power, Government of India is working to increase the capacity. For the 11th
Plan, Planning Commission has set a capacity addition target of 78,700 MW. However,
keeping in view the various constraints experienced in setting up projects, a
capacity addition of about 50,000 MW is likely during this plan.
Other measures such as
Demand Side Management, Energy Conservation, Renovation, Modernization, Life
Extension and Uprating, Non-Conventional Generation and import from Bhutan are
also underway to mitigate the shortage.
The improved market
conditions and with the necessary corrective measures being taken, Company
would be able to report improved performance in coming years.
FIXED ASSETS:
·
Residential Buildings
·
Factory Buildings
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipment
·
Land
·
Computer Software
WEBSITE DETAILS:
PROFILE:
Subject is presently in Transformer Remanufacturing business.
They have TWO Business Verticals:
• Transformer Remanufacturing (Repairs)
• Transformer Manufacturing including Contract
Manufacturing
Their Journey started with the Transformer Remanufacturing business in the
year 1989 and till today they have successfully remanufactured over 8000 nos.
transformers including over 650 Nos. of EHV Transformers up to 400 kV Class.
They wish to highlight that, apart from Indian manufactured Transformers, they
have also successfully remanufactured Transformers manufactured in the
countries of USA, Europe, Russia, South East Asia and other Asian Countries
like Japan and China. While Remanufacturing and up-rating of transformers of
various OEMs in India and Abroad, they have absorbed worldwide technologies
such as Siemens-Germany, Westinghouse-USA, Trafo Union-Germany, ABB-Sheshron,
English Electric-UK, AEG-Germany, Tamini-Italy, ABB-Italy, Stromberg-Finland,
Concar-Croatia, Elta-Poland, Hyundai-Korea, Mitsubishi-Japan, GEC-England etc.
The design philosophy of high voltage and high current applications was
understood through remanufacturing of large numbers of Auto Transformers,
Generating Transformers, Furnace Transformers and Rectifier Transformers. In
addition to the technology absorption, they have developed European as well as
in-house developed proprietary design programs for accurate and optimized
designing of transformers.
They have practically remanufactured transformers of all Major EHV
Transformer OEMs. At the same time, they have covered almost all the
applications such as Power, Generating, Distribution, Furnace, Rectifier,
Railways, Reactors, Special Application etc. With Pride, they can state that they have successfully remanufactured
almost all types and makes of Transformers for various applications prevailing
in the Industry. They have a unique distinction of working on Shell Type
transformers while converting them to Core Type. Their up-rated re-manufactured
Transformer was subjected to Short Circuit Test.
They have TWO state of the art manufacturing units located in the
suburbs of Thane. The total area of the units is over 60,000 sq. meters; the
units are capable of deliveries more than 15,000 MVA per year. They have well
experienced team of engineers and technicians having over three decades of
experience in Transformer industry. Their list of key personnel speaks of this
fact. Total headcount at their plants and offices is more than 700 nos. and
growing every year. They have implemented SAP ERP System for both the plants.
They are ISO 9001:2008 certified for both the plants.
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.58.59 |
|
|
1 |
Rs.98.66 |
|
Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.