MIRA
INFORM REPORT
|
Report Date : |
10.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered
Office : |
L 52/55, Verna Industries Estate, Phase – II, Verna, Salcete, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
26.09.1996 |
|
|
|
|
Com. Reg. No.: |
24-002193 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.199.996
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29197GA1996PTC002193 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRP05854C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCS8856L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is business of Manufacturing of
Composite Pressure Vessels and Components for Water Treatment. |
|
|
|
|
No. of Employees
: |
700 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by
adequate liquidity position and fair profitability levels of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to political
corruption. High inflation, poor standard of living are to a great extent a
result of rampant corruption in the country. China on the other hand, seems to
be facing diametrically opposite challenge. American hedge fund manager Jim
Chanos has been keenly following the political and economic development in the
dragon economy and has figured out something that is quite worrying. He is of
the view that the Chinese economy could be heading toward trouble on account of
new Chinese President Xi Jingping’s very aggressive anti-corruption drive.
Chanos believes that many things such as apartment sales, luxury products, etc.
were largely bought with dirty money. And it is now beginning to impact
consumption. This may indeed be bad news for an economy that is struggling to
transition from an investment-driven export-oriented economy to a domestic
consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Sathish |
|
Designation : |
Finance Department |
|
Contact No.: |
91-44-42122046 |
|
Date : |
08.09.2014 |
LOCATIONS
|
Registered Office / Factory: |
L 52/55, Verna Industries Estate, Phase – II, Verna, Salcete, Goa -
403722, India |
|
Tel. No.: |
91-832-2883300 / 2783018 |
|
Fax No.: |
91-832-2883312 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate / Sales / Marketing Office : |
Green Boulevard, B-9/A, 7th Floor, Tower B, Sector 62,
Noida – 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4199444 |
|
Fax No.: |
91-120-4199400 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Regional Offices : |
CHENNAI Eurocon Tiles, 3rd Floor, No.161, Greams Road (Landmark near Apollo
Hospital), Chennai – 600006, Tamilnadu, India Tel no.: 91-44-42122046
/ 42122047 MUMBAI 301, Omega, Hiranandani Gardens, powai, Mumbai – 400076, Maharashtra,
India Tel No.: 91-22-25706422
/ 25623670 AHMADABAD 503, Sukh Sagar Complex, Ashram Road, Usmanpura, Near Fortune
Landmark, Ahmadabad – 380013, Gujarat, India Tel No.: 91-79-30620174 |
|
|
|
|
Global Business Unit: |
AQUATIC SYSTEMS Green Boulevard, B-9/A, 7th Floor, Tower B, Sector 62, Noida-201301, Uttar Pradesh, India Tel No.: 91-120-4199444 Fax No.: 91-120-419 9400 FILTRATION AND PROCESS 161, Eurocon Tiles, 3rd Floor, Greams Road, (Land Mark near Apollo Hospital), Chennai - 600006, Tamilnadu, India Tel No.: 91-44-42122046/ 42122047 FLOW TECHNOLOGY 804, Windsor, Kalina, Santacruz, Mumbai – 400098,
Maharashtra, India Tel No.: 91-22-61310600 THERMAL MANAGEMENT 1st Floor, Ujagar Infotech Park, Opposite Deonar Bus Depot, Deonar, Mumbai – 400088, Maharashtra, India Tel No.: 91-22-67758800/01 VALVES AND CONTROL 804, Windsor, Kalina, Santacruz, Mumbai – 400098,
Maharashtra, India Tel No.: 91-22-61310600 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Maruthi |
|
Designation : |
Director |
|
Address : |
Flat C-2, Block-A, Sundew Apartments, Margao Goa - 403601, India |
|
Date of Birth/Age : |
01.06.1977 |
|
Date of Appointment : |
21.08.2008 |
|
DIN No.: |
02032136 |
|
|
|
|
Name : |
Mr. Juan Francisco Brondo |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
2324 Red River Dr, Mission TX, Texas - 78572, Mexico |
|
Date of Birth/Age : |
17.10.1961 |
|
Date of Appointment : |
22.03.2010 |
|
DIN No.: |
03015949 |
|
|
|
|
Name : |
Ms. Angela Dee Lageson |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
21 Ludlow Ave, St Paul, Minnesota - 55108, |
|
Date of Birth/Age : |
11.09.1968 |
|
Date of Appointment : |
22.03.2010 |
|
DIN No.: |
03018715 |
|
|
|
|
Name : |
Mr. Raghunath Vitthal Mane |
|
Designation : |
Director |
|
Address : |
Flat No. 1, Villla Avetti, Behind China House, Murida, Fatorda Salcete
- 403602, South Goa, India |
|
Date of Birth/Age : |
01.06.1973 |
|
Date of Appointment : |
01.03.2013 |
|
DIN No.: |
06611549 |
KEY EXECUTIVES
|
Name : |
Mr. Maruthi |
|
Designation : |
Secretary |
|
Address : |
Flat C2, Block A, Sun Dew Apartment, Near Cine Vishant,
Margao - 403601, South Goa, |
|
Date of Birth/Age : |
01.06.1977 |
|
Date of Appointment : |
01.07.2005 |
|
Pan No.: |
AGXPG4714A |
|
|
|
|
Name : |
Mr. Sathish |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
EPPS Limited, Mauritius |
3999980 |
20.00 |
|
Pentair Water Treatment (OH) Company, |
15999572 |
80.00 |
|
TOTAL
|
19999552 |
100.00 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is business of Manufacturing of
Composite Pressure Vessels and Components for Water Treatment. |
|
|
|
|
Exports : |
|
|
Products : |
Composite Pressure Vessels and Components
for Water Treatment. |
|
Countries : |
· Europe Asian Country Middle East |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
· USA Italy Europe China Korea Taiwan |
GENERAL INFORMATION
|
No. of Employees : |
700 (Approximately) |
|
|
|
|
Bankers : |
Bank of India, Branch Varnabhuva, Goa, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Tower 3, 27th – 32nd Floor, Indiabulls Finance Centre,
Elphinstone Mill Compound, Senapati Bapat Marg, Elphinstone (West),
Mumbai-400013, Maharashtra, India |
|
Tel No.: |
91-22-61854000 |
|
Fax No.: |
91-22-61854501/4601 |
|
PAN No: |
AACFD 4815A |
|
|
|
|
Holding Company : |
Pentair Water Treatment (OH) Company, USA |
|
|
|
|
Ultimate Holding Company : |
Pentair Inc., USA |
|
|
|
|
Subsidiary : |
Pentair
Water Treatment Private Limited |
|
|
|
|
Fellow Subsidiaries : |
·
Pentair Residential Filtration LLC Pentair Water Belgium .B.V.B.A. Pentair Water Italy, S.R.L. Pentair Pacific Rim (Water) Limited Pentair Water (Suzhou) Company Limited Pentair Water Pool and Spa, Inc. Pentair Water Australia Pty Limited Pentair Filtration Solutions LLC Pentair Water/Plymouth Product Pentair Water Middle East FZE Pentair Flow Technologies [Formerly known as Sta-Rite Industries, LLC,
Hypro LLC, Shurflo LLC, Pentair Pump Group Inc., FairBanks Mores] Hoffman Enclosures Inc. Pentair Water Do Brasil Limited Pentair International LLC Pentair Water Spain S.L.U. Pentair Trading (Shanghai) Company Limited Pentair Water Latin-American S.A. X-Flow BV Pentair Water Process Technology BV Pentair Clean Process Technologies India Private Limited Pentair Water Purification System (Shanghai) Company Limited Pentair Water Asia Pacific Limited Pentair Inc., USA Pentair Technical Products India Private Limited Tyco Thermal Controls India Private Limited Tyco Valves and Controls |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46500000 |
Equity Shares |
Rs.10/- each |
Rs.465.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19999552 |
Equity Shares |
Rs.10/- each
|
Rs.199.996
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
199.996 |
325.187 |
|
(b) Reserves & Surplus |
|
1695.425 |
1458.908 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1895.421 |
1784.095 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) Long-term
provisions |
|
52.808 |
23.225 |
|
Total Non-current
Liabilities (3) |
|
52.808 |
23.225 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
432.517 |
455.104 |
|
(c)
Other current liabilities |
|
56.898 |
16.940 |
|
(d) Short-term
provisions |
|
82.447 |
80.956 |
|
Total Current
Liabilities (4) |
|
571.862 |
553.000 |
|
|
|
|
|
|
TOTAL |
|
2520.091 |
2360.320 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
378.586 |
360.036 |
|
(ii)
Intangible Assets |
|
0.446 |
2.033 |
|
(iii)
Capital work-in-progress |
|
61.634 |
3.394 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.074 |
0.074 |
|
(c) Deferred tax assets (net) |
|
17.465 |
23.993 |
|
(d) Long-term Loan and Advances |
|
86.627 |
72.195 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
544.832 |
461.725 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
349.081 |
335.909 |
|
(c)
Trade receivables |
|
625.167 |
668.042 |
|
(d) Cash
and cash equivalents |
|
350.835 |
249.860 |
|
(e) Short-term
loans and advances |
|
647.554 |
604.213 |
|
(f)
Other current assets |
|
2.622 |
40.571 |
|
Total
Current Assets |
|
1975.259 |
1898.595 |
|
|
|
|
|
|
TOTAL |
|
2520.091 |
2360.320 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
325.187 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1394.488 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1719.675 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1719.675 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
369.779 |
|
|
Capital work-in-progress |
|
|
9.680 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.074 |
|
|
DEFERRED TAX ASSETS |
|
|
29.339 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
254.456 |
|
|
Sundry Debtors |
|
|
365.049 |
|
|
Cash & Bank Balances |
|
|
571.623 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
575.309 |
|
Total
Current Assets |
|
|
1766.437 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
336.863 |
|
|
Other Current Liabilities |
|
|
4.544 |
|
|
Provisions |
|
|
114.227 |
|
Total
Current Liabilities |
|
|
455.634 |
|
|
Net Current Assets |
|
|
1310.803 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1719.675 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2696.925 |
2661.761 |
1489.139 |
|
|
|
Other Income |
41.450 |
163.095 |
278.826 |
|
|
|
TOTAL (A) |
2738.375 |
2824.856 |
1767.965 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
1520.241 |
1621.385 |
|
|
|
|
Employee Benefits Expenses |
415.408 |
425.827 |
1564.656 |
|
|
|
Other Expenses |
585.757 |
652.751 |
|
|
|
|
Decrees/Increase in Inventories of Finished Goods, Work in Progress |
6.352 |
(37.307) |
|
|
|
|
TOTAL (B) |
2527.758 |
2662.656 |
1564.656 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
210.617 |
162.200 |
203.309 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.999 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
208.618 |
162.200 |
203.309 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
42.265 |
49.086 |
38.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
166.353 |
113.114 |
164.909 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
55.028 |
48.974 |
58.004 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
111.325 |
64.140 |
106.905 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Sale of Products |
1511.160 |
1556.545 |
NA |
|
|
|
Sale of Services |
205.984 |
194.593 |
NA |
|
|
TOTAL EARNINGS |
1717.144 |
1751.138 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
806.426 |
837.661 |
NA |
|
|
|
Stores & Spares |
6.138 |
9.900 |
NA |
|
|
|
Capital Goods |
23.835 |
2.927 |
NA |
|
|
TOTAL IMPORTS |
836.399 |
850.488 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
6.04 |
3.52 |
5.87 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.07
|
2.27 |
6.05 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.17
|
4.25 |
11.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.82
|
4.85 |
7.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.06 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.45
|
3.43 |
3.87 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
|
325.187 |
199.996 |
|
Reserves & Surplus |
|
1458.908 |
1695.425 |
|
Net worth |
|
1784.095 |
1895.421 |
|
|
|
|
|
|
long-term borrowings |
|
0.000 |
0.000 |
|
Short term borrowings |
|
0.000 |
0.000 |
|
Total borrowings |
|
0.000 |
0.000 |
|
Debt/Equity ratio |
|
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
1489.139 |
2661.761 |
2696.925 |
|
|
|
78.745 |
1.321 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
1489.139 |
2661.761 |
2696.925 |
|
Profit |
106.905 |
64.140 |
111.325 |
|
|
7.18% |
2.41% |
4.13% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last 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) |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
LITIGATION DETAILS
HIGH COURT OF
BOMBAY AT GOA
STAMP NO. : STM / 2290 / 2014
|
CASE STATUS : |
PENDING (PRE-ADMITTED) |
||||
|
PETITIONER : |
1. COMMISSIONER OF INCOME TAX |
||||
|
RESPONDENT : |
1. M/S. PENTAIR WATER INDIA PRIVATE LIMITED |
||||
|
PETITONER
ADV. : |
ADV. ASHA A. DESAI |
||||
|
DISTRICT
: |
NORTH
GOA |
||||
|
BENCH
: |
DIVISION |
||||
|
CATEGORY
: |
INCOME
TAX APPEAL |
||||
|
CASE
STAGE : |
FRESH
CASE REGISTRATION |
||||
|
|||||
BACKGROUND:
Subject was incorporated on 26th
September, 1996. The registered office is situated at L/52-55, Verna Industrial
Estate, Phase-II, Verna - 403722, Goa, India. The company is business of
manufacturing of composite pressure vessels and components for water treatment.
FIXED ASSETS:
· Leasehold Land
Building
Plant and Machinery
Office Equipment
Furniture and Fixture
Motor Vehicles
Goodwill
Computer 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 exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.43 |
|
|
1 |
Rs.97.25 |
|
Euro |
1 |
Rs.77.93 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
52 |
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.