MIRA
INFORM REPORT
|
Report Date : |
13.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
EAGLEBURGMANN INDIA PRIVATE LIMITED (w.e.f. 31.03.2009) |
|
|
|
|
Formerly Known
As : |
EAGLE SEALS AND SYSTEMS INDIA LIMITED (w.e.f. 26.06.2006) EAGLE POONAWALLA INDUSTRY LIMITED SEALOL HINDUSTAN PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No 64, Ramtekadi Industrial Area, Hadapsar, Pune - 411013, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
11.12.1973 |
|
|
|
|
Com. Reg. No.: |
11-030296 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 29.201 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299PN1973PTC030296 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEE00631B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABUG5287P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture and Sale of Seals. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
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 an established company having fine track record. Financial position of the company seems to be decent. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 tat 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 DECLINED BY
|
Name : |
Mr. Inder Singh |
|
Designation : |
Maintenance Head |
|
Contact No.: |
91-9373850079 |
|
Date : |
11.09.2014 |
LOCATIONS
|
Registered Office : |
Plot No 64, Ramtekadi Industrial Area, Hadapsar, Pune - 411013,
Maharashtra, India |
|
Tel. No.: |
91-20-26812901 |
|
Mobile No.: |
91-9373850079 (Mr. Inder Singh) |
|
Fax No.: |
91-20-26812915 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located at : · Bangalore · Vadodara · Chennai · New Delhi · Guwahati · Hyderabad · Jamnagar · Cochin · Kolkata · Kota · Mumbai · New Panvel · Surat · Vapi ·
Chennai |
DIRECTORS
As on 25.03.2014
|
Name : |
Mr. Jimmy Minoo Panthaki |
|
Designation : |
Managing Director |
|
Address : |
Wadia Building 6 Babulnath Road, Mumbai-400007, Maharashtra, India. |
|
Date of Birth/Age : |
11.11.1945 |
|
Date of Appointment : |
01.04.2010 |
|
Din No.: |
00055599 |
|
PAN No.: |
AADPP0477F |
|
|
|
|
Name : |
Mr. Kirit Natverlal Shah |
|
Designation : |
Director |
|
Address : |
701, Mount J P Road, Versova, Andheri (West) Mumbai-400061, Maharashtra, India. |
|
Date of Birth/Age : |
11.11.1949 |
|
Date of Appointment : |
17.07.2008 |
|
Din No.: |
00055824 |
|
PAN No.: |
ABEPS5595D |
|
|
|
|
Name : |
Mr. Yasunari Unemura |
|
Designation : |
Director |
|
Address : |
5-2-31-Hingashikaigan, Minami Chigasaki, Kangawa, Japan |
|
Date of Birth/Age : |
12.03.1950 |
|
Date of Appointment : |
06.09.2005 |
|
Din No.: |
00494161 |
|
|
|
|
Name : |
Mr. Lokanathann Nanjundeshwarachari Kaveripattin |
|
Designation : |
Director |
|
Address : |
B-36 341 Migcolony, Betagaya Ku, Tokyo – 1560043, Japan |
|
Date of Birth/Age : |
15.12.1952 |
|
Date of Appointment : |
20.06.2011 |
|
Din No.: |
01908421 |
|
PAN No.: |
AANPK8229L |
|
|
|
|
Name : |
Mr. Tetsuji Tsure |
|
Designation : |
Director |
|
Address : |
7-1-21-509, Minami Ayoma, Minato-Ku, Tokyo, Japan. |
|
Date of Birth/Age : |
16.08.1949 |
|
Date of Appointment : |
20.01.1999 |
|
Din No.: |
02302960 |
|
|
|
|
Name : |
Mr. Takafumi Tsuchiya |
|
Designation : |
Director |
|
Address : |
1044-14,Hamanogo, Chigasaki Shi Kahagawa, Japan |
|
Date of Birth/Age : |
30.01.1957 |
|
Date of Appointment : |
29.06.2009 |
|
Din No.: |
02410798 |
|
|
|
|
Name : |
Mr. Gurbax Singh |
|
Designation : |
Director |
|
Address : |
W 302, Sacred Heart, Town Wanowarie, Pune-411040, Maharashtra, India. |
|
Date of Birth/Age : |
10.06.1960 |
|
Date of Appointment : |
11.05.2010 |
|
Din No.: |
02831789 |
|
PAN No.: |
ABLPS3258E |
|
|
|
|
Name : |
Mr. Atul Bivalkar |
|
Designation : |
Director |
|
Address : |
Suryaprabha Garden, Bibwewadi Kondhawa Road, Pune-411024, Maharashtra, India |
|
Date of Birth/Age : |
05.06.1970 |
|
Date of Appointment : |
11.05.2010 |
|
Din No.: |
02831794 |
|
PAN No.: |
ABCPB6944P |
|
|
|
|
Name : |
Mr. Kazuo Karube |
|
Designation : |
Director |
|
Address : |
696, Matsubara, ZSetagaya Ku, Tokyo – 1560043, Japan |
|
Date of Birth/Age : |
30.04.1959 |
|
Date of Appointment : |
20.06.2011 |
|
Din No.: |
03196047 |
|
|
|
|
Name : |
Norio Hirotoshi Uemura |
|
Designation : |
Director |
|
Address : |
5248-28, Oba, Fujisawa-Shi, Kanagawa, Japan Kanagawa |
|
Date of Appointment : |
30.12.2013 |
|
Din No.: |
06775432 |
|
|
|
|
Name : |
Mr. Toshiyuki Yamaguchi |
|
Designation : |
Additional director |
|
Address : |
6-3-2, Kugenuma-Kaigan Fujisawa-shi Kanagawa 2510037 |
|
Date of Birth/Age : |
18.02.1955 |
|
Date of Appointment : |
17.02.2011 |
|
Din No.: |
03449274 |
KEY EXECUTIVES
|
Name : |
Mr. Bharti Vijay Gangwani |
|
Designation : |
Secretary |
|
Address : |
IRIS A 401, Magarpatta City, Hadapsar, Pune – 411028, Maharashtra,
India |
|
Date of Birth/Age : |
16.04.1982 |
|
Date of Appointment : |
16.10.2008 |
|
PAN No.: |
ANNPM6813D |
|
|
|
|
Name : |
Mr. Inder Singh |
|
Designation : |
Maintenance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.03.2014
|
Names of Shareholders |
|
No. of Shares |
|
Eagle Industry Company Limited, Japan |
|
112813 |
|
Ashish Suresh Gulati |
|
1 |
|
Nidhi Sunil Seth |
|
1 |
|
Kumarnirvaan Anil Gupta |
|
1 |
|
Rohit Subhash Berry |
|
1 |
|
Saurabh Bhushan Garg |
|
1 |
|
Shishir Mahendra Sharma |
|
1 |
|
Burgmann International Gmbh, Germany |
|
112819 |
|
Ebi Asia Pte Limited, Singapore |
|
66372 |
|
Total |
|
292010 |
As on 25.03.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and Sale of Seals. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
· HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India · Axis Bank Limited, Corporate Banking Branch at 214/215, City Mall, Ganeshkhind Road, Pune - 411007, Maharashtra, India ·
State Bank of India, Survey No. 143/A/1A/1A/1,
Kanchanjunga Appt., Magarpatta, Hadapsar, Pune - 411028, Maharashtra, India |
|
|
|
|
Banking Relations
: |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Company Chartered Accountants |
|
Address : |
C-401, Fourth Floor, |
|
PAN No.: |
AALFS0506L |
|
|
|
|
Fellow Subsidiary
Company : |
EKK Eagle Products India Private Limited |
|
|
|
|
Others : |
· EagleBurgmann Group, Germany · EagleBurgmann Group, Saudi Arabia · EagleBurgmann Germany Gmbh and Company KG |
|
|
|
|
Associate : |
Eagle Industry Company Limited, Japan |
CAPITAL STRUCTURE
As on 25.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity Shares |
Rs. 100/- each |
Rs.120.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
292010 |
Equity Shares |
Rs. 100/- each |
Rs. 29.201 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 |
29.201 |
29.201 |
29.201 |
|
(b) Reserves & Surplus |
3261.555 |
2807.150 |
2271.076 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
3290.756 |
2836.351 |
2300.277 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
24.222 |
18.782 |
16.512 |
|
(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) |
24.222 |
18.782 |
16.512 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
204.367 |
240.344 |
292.943 |
|
(c) Other current
liabilities |
43.768 |
57.962 |
49.380 |
|
(d) Short-term provisions |
165.145 |
135.272 |
54.064 |
|
Total Current Liabilities (4) |
413.280 |
433.578 |
396.387 |
|
|
|
|
|
|
TOTAL |
3728.258 |
3288.711 |
2713.176 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
965.855 |
765.099 |
645.701 |
|
(ii) Intangible Assets |
29.418 |
23.078 |
8.603 |
|
(iii) Capital
work-in-progress |
33.726 |
75.068 |
9.900 |
|
(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.025 |
0.025 |
0.025 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
129.041 |
169.766 |
74.625 |
|
(e) Other Non-current assets |
8.951 |
8.868 |
23.624 |
|
Total Non-Current Assets |
1167.016 |
1041.904 |
762.478 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1372.581 |
928.326 |
667.279 |
|
(b) Inventories |
426.728 |
527.744 |
513.806 |
|
(c) Trade receivables |
526.840 |
676.653 |
542.268 |
|
(d) Cash and cash
equivalents |
145.894 |
68.272 |
141.766 |
|
(e) Short-term loans and
advances |
86.166 |
44.882 |
84.858 |
|
(f) Other current assets |
3.033 |
0.930 |
0.721 |
|
Total Current Assets |
2561.242 |
2246.807 |
1950.698 |
|
|
|
|
|
|
TOTAL |
3728.258 |
3288.711 |
2713.176 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
2728.760 |
|
2687.420 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
2728.760 |
2845.200 |
2687.420 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
1993.970 |
1967.720 |
1849.640 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
1993.970 |
1967.720 |
1849.640 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
Including
Finance Expenses |
877.480 |
837.780 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
5.790 |
7.270 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
734.790 |
871.690 |
830.510 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
75.540 |
75.340 |
58.640 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
659.250 |
796.350 |
771.870 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
204.840 |
260.270 |
257.220 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
454.410 |
536.080 |
514.650 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1556.15 |
1835.83 |
1762.44 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
16.65 |
18.84 |
19.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.84 |
24.78 |
28.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.28 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.20 |
5.18 |
4.92 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
29.201 |
29.201 |
29.201 |
|
Reserves & Surplus |
2271.076 |
2807.150 |
3261.555 |
|
Net
worth |
2300.277 |
2836.351 |
3290.756 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
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) |
|
Total Income |
2687.420 |
2845.200 |
2728.760 |
|
|
|
5.871 |
(4.093) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
2687.420 |
2845.200 |
2728.760 |
|
Profit |
514.650 |
536.080 |
454.410 |
|
|
19.15% |
18.84% |
16.65% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT: NOT AVAILABLE
|
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 |
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 |
No |
|
LITIGATION DETAILS |
|||||||
|
Bench:- Bombay |
|||||||
|
Presentation Date : 18/01/2013 |
|||||||
|
Lodging No. : |
CRAST/2005/20013 |
Failing Date:- |
18/01/2013 |
Reg. No.:- |
CRA/1/2014 |
Reg. Date:- |
01/01/2014 |
|
|
|||||||
|
Petitioner:- |
PROCESS PUMS (I) PRIVATE LIMITED |
Respondent:- |
EAGLEBURGMANN INDIA PRIVATE LIMITED |
||||
|
Petn.Adv:- |
SHAILENDRA S. KANETKAR () |
Resp. Adv.: |
VIKRAM VYANKATESH PAI (i3170) |
||||
|
District:- |
PUNE |
||||||
|
|
|||||||
|
Bench:- |
SINGLE |
|
|
||||
|
Status:- |
Pre-admission |
Stage:- |
FRO ADMISSION – FRESH (CIVIL SIDE MATTERS) |
||||
|
Next Coram:- |
11/09/2014 |
|
|
||||
|
Corm:- |
ACCORDING TO SITTING LIST |
|
|
||||
|
Last Date:- |
30/04/2014 |
Stage:- |
C.R.A. FRO ADMISSION (DRESH) [CIVIL SIDE MATTERS] |
||||
|
Last Coram:- |
HON’BLE SHRI JUSTICE R.M. SAVANT |
||||||
|
|
|
||||||
|
Act. : |
C.P.C. (Interlocutory Order |
|
|||||
PERFORMANCE OF THE
COMPANY:
The Company has posted an average performance for the period.
The Company has earned a profit after tax of Rs 454.400 Millions as compared to Rs 536.070 Millions in previous year.
The total turnover of the Company was recorded Rs 2605.570 Millions as against Rs 2771.190 Millions during the previous year
The Company’s continuous improvement program has made it a quality and price leader across its entire product range of seals and systems. Sales in last 5 years
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10121137 |
03/09/2012 * |
65,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH AT 214/215, CITY MALL, GANESHKHIND ROAD, PUNE, MAHARASHTRA - 411007, INDIA |
B60348604 |
|
2 |
10079960 |
18/11/2010 * |
60,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A99281388 |
* Date of charge modification
FIXED ASSETS
- Office Premise
- Plant and Machinery
- Furniture Fixture and Office Equipments
- Computers and Computer Peripherals
- Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.84 |
|
|
1 |
Rs.98.73 |
|
Euro |
1 |
Rs.78.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NTH |
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 |
5 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
YES |
|
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 |
|
53 |
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.