MIRA INFORM REPORT
|
Report No. : |
317656 |
|
Report Date : |
17.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
WIKA INSTRUMENTS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 40, Gat No. 94 - 100 Hi Cliff Industrial Estate, Village
Kesnand, Wagholi, Pune – 412207, |
|
Tel. No.: |
91-20-66293336/ 66293232 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
02.09.1997 |
|
|
|
|
Com. Reg. No.: |
11-110418 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.313.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299MH1997PTC110418 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNEW01145E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW2665A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pressure, Temperature and Level Measurement Instruments. |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
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 subsidiary of “WIKA ALEXANDER WIEGAND SE & CO. KG, GERMANY.
It is a well-established company having fine track record. Profitability of the company has declined during 2014. However, rating reflects company’s healthy financial risk profile
marked by adequate liquidity position and financial as well as managerial
support that company receives from its parent company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. In view of strong parent company support, 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 DENIED BY
|
Name : |
Mr. Sandeep Khole |
|
Designation : |
Finance Head |
|
Contact No.: |
91-22-66293232 |
|
Date : |
15.04.2015 |
LOCATIONS
|
Registered Office: |
Plot No. 40, Gat No. 94 – 100 Hi Cliff Industrial Estate, Village Kesnand,
Wagholi, Pune – 412207, |
|
Tel. No.: |
91-20-6629332 / 66293336/ 66293200 |
|
Fax No.: |
91-20-66293325/ 66293350 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 25.09.2014
|
Name : |
Mr. Subrata Sudangsu Bhattacharjee |
|
Designation : |
Managing Director |
|
Address : |
Flat No.3, Konark Campus, Viman Nagar, Pune – 411014, |
|
Date of Birth/Age : |
06.03.1959 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
17.12.2010 |
|
Din No.: |
00164752 |
|
|
|
|
Name : |
Mr. Dirk Fellermann |
|
Designation : |
Director |
|
Address : |
Krankenhausstrabe 18, Erienbach A Main, 93906, Germany |
|
Date of Birth/Age : |
08.02.1957 |
|
Date of Appointment : |
21.10.2011 |
|
Din No.: |
05104142 |
|
|
|
|
Name : |
Mr. Alexander Wiegand |
|
Designation : |
Director |
|
Address : |
An Der Bilz 3, Erlenbach, Germany-63906 |
|
Date of Birth/Age : |
06.01.1963 |
|
Date of Appointment : |
02.09.1997 |
|
Din No.: |
00898525 |
|
|
|
|
Name : |
Mr. Gerhard Bonn |
|
Designation : |
Director |
|
Address : |
Im Urnefeld, 30, Grossheubach, Germany-63920 |
|
Date of Birth/Age : |
12.02.1958 |
|
Date of Appointment : |
08.12.2001 |
|
Din No.: |
00898603 |
KEY EXECUTIVES
|
Name : |
Mr. Sandeep Khole |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 25.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Wika Alexander Weigand Gmbh and Company |
|
3134998 |
|
Wika Alexander Weigand Verwaltungs Gmbh and Company |
|
2 |
|
Total |
|
3135000 |
Equity Share Break up (Percentage of Total Equity)
As on: 25.09.2014
|
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 : |
Manufacturer of Pressure, Temperature and Level Measurement Instruments. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
Customers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
No. of Employees : |
Information declined by management |
||||||||||||||
|
|
|
||||||||||||||
|
Bankers : |
ABN Amro Bank N. V., 74, Sakhar Bhavan, 7th Floor, Nariman Point, Mumbai - 400021, Maharashtra, INDIA |
|
|
|
|
Financial Institution: : |
The Hong Kong and Shanghai Banking Corporation Limited, Amar Avinash Corporate City, Sector - 11, Bund Garden Road, Pune - 410001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Vinay H. Gupta and Associates Chartered Accountant |
|
Address : |
13, |
|
Email |
|
|
Pan No.: |
AAJPG4461G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company |
|
|
|
|
|
Subsidiaries of
holding company |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,200,000 |
Equity Shares |
Rs.100/- each |
Rs. 320.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,135,000 |
Equity Shares |
Rs.100/- each |
Rs. 313.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
313.500 |
313.500 |
313.500 |
|
(b) Reserves & Surplus |
333.380 |
276.403 |
191.459 |
|
(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) |
646.880 |
589.903 |
504.959 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
73.018 |
96.121 |
156.921 |
|
(b) Deferred tax liabilities
(Net) |
14.914 |
20.569 |
23.895 |
|
(c) Other long term
liabilities |
23.846 |
30.783 |
33.341 |
|
(d) long-term provisions |
21.415 |
2.759 |
2.885 |
|
Total
Non-current Liabilities (3) |
133.193 |
150.232 |
217.042 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
202.678 |
182.767 |
249.791 |
|
(c) Other current liabilities |
37.984 |
22.808 |
25.337 |
|
(d) Short-term provisions |
38.244 |
34.728 |
35.683 |
|
Total
Current Liabilities (4) |
278.906 |
240.303 |
310.811 |
|
|
|
|
|
|
TOTAL |
1058.979 |
980.438 |
1032.812 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
372.624 |
387.298 |
411.377 |
|
(ii) Intangible Assets |
3.077 |
6.203 |
10.016 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
9.480 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
12.564 |
7.063 |
6.033 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
388.265 |
410.044 |
427.426 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
11.529 |
0.000 |
0.000 |
|
(b) Inventories |
207.764 |
183.946 |
230.979 |
|
(c) Trade receivables |
292.849 |
305.298 |
279.062 |
|
(d) Cash and cash equivalents |
84.538 |
44.196 |
32.301 |
|
(e) Short-term loans and
advances |
66.926 |
35.094 |
62.739 |
|
(f) Other current assets |
7.108 |
1.860 |
0.305 |
|
Total
Current Assets |
670.714 |
570.394 |
605.386 |
|
|
|
|
|
|
TOTAL |
1058.979 |
980.438 |
1032.812 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from operations ( including Other Income) |
1189.658 |
1191.808 |
1143.700 |
|
|
TOTAL |
1189.658 |
1191.808 |
1143.700 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
1017.059 |
988.560 |
957.631 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
172.599 |
203.248 |
186.069 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
15.735 |
8.588 |
23.094 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
156.864 |
194.660 |
162.975 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
55.452 |
56.270 |
53.524 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, EXCEPTIONAL ITEMS |
101.412 |
138.390 |
109.451 |
|
|
|
|
|
|
|
Less/ Add |
EXCEPTIONAL ITEMS |
1.452 |
7.243 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
99.960 |
131.147 |
109.451 |
|
|
|
|
|
|
|
Less |
TAX |
42.984 |
46.203 |
40.399 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
56.976 |
84.944 |
69.052 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
276.403 |
191.459 |
122.407 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
333.379 |
276.403 |
191.459 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
440.819 |
359.999 |
345.506 |
|
|
Sales Commission |
5.066 |
3.623 |
4.061 |
|
|
Others |
4.651 |
4.839 |
4.738 |
|
|
TOTAL EARNINGS |
450.536 |
368.461 |
354.305 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
9.794 |
10.837 |
9.789 |
|
|
Components and
accessories for Pressure gauges |
537.472 |
472.797 |
563.524 |
|
|
Stores , Spares &
Tools |
6.064 |
4.861 |
4.778 |
|
|
Level Switch (Trading
Item) |
32.037 |
10.486 |
51.101 |
|
|
Gas Filtering Unit &
other trading items |
3.396 |
2.579 |
6.058 |
|
|
TOTAL IMPORTS |
588.763 |
501.560 |
635.250 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
18.17 |
27.10 |
22.03 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.79 |
7.13 |
6.04 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
14.51 |
17.05 |
16.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.44 |
13.51 |
10.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.22 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.11 |
0.16 |
0.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.40 |
2.37 |
1.95 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
313.500 |
313.500 |
313.500 |
|
Reserves & Surplus |
191.459 |
276.403 |
333.380 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
504.959 |
589.903 |
646.880 |
|
|
|
|
|
|
long-term borrowings |
156.921 |
96.121 |
73.018 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
156.921 |
96.121 |
73.018 |
|
Debt/Equity ratio |
0.311 |
0.163 |
0.113 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from operations ( including Other Income) |
1143.700 |
1191.808 |
1189.658 |
|
|
|
4.206 |
(0.180) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from operations ( including Other Income) |
1143.700 |
1191.808 |
1189.658 |
|
Profit |
69.052 |
84.944 |
56.976 |
|
|
6.04% |
7.13% |
4.79% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: 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 |
No |
|
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 |
LITIGATION
DETAILES:
|
Case Details |
|
|
Case Type |
Cri.Rev.App. |
|
Filing No. |
101797/2013 Filing date: 08-04-2013 |
|
Registration No. |
100352/2013 Registration date: 17-04-2013 |
|
Case code |
201801017972013 |
|
|
|
|
CASE STATUS |
|
|
First Hearing Date |
17-04-2013 |
|
Next Hearing Date |
29-04-2015 |
|
Purpose of Hearing |
|
|
Court No & Judge |
70 - EXTRA JT. ADHOC DIST. JUDGE AND ADDL. S. J. PUNE |
|
|
|
|
Petitioner(s) & Advocate(s) |
|
|
Petitioner - Factory Automation Private Limited etc. 1 Address - 166 A Pratap Nagar Poctet 4 Mayur Vihar Phase I Delhi 91 Advocate - Shri D.S. Bhandari
Address: 166-A, Pratap Nagar, Pocket 4, Mayur Vihar, Phase I, Delhi 09 Advocate - |
|
|
Respondent(s) & Advocate(s) |
|
|
Respondent - Wika Instruments India Private Limited Address - Plot No 40 Gat No 94 Hi Cliff Industrial
Extate Village Kesnand Pune 07 |
|
|
ACTS |
|
|
Under Act(s) |
--- |
|
Under Section(s) |
--- |
|
Subject |
|
|
|
|
|
LOWER COURT INFORMATION |
|
|
Court No & Name |
14th Jt. Civil Judge J.D. J.M.F.C. Court No.7Pun |
|
Case No & Year |
Sum Case - 0410450 - 2012 |
|
Case Decision Date |
13-09-2012 |
|
|
|
|
FIR DETAILS |
|
|
Police Station |
|
|
FIR No. |
0 |
|
Year |
0 |
|
History Of Case Hearing |
||||
|
Regn. No. |
Judge |
Bussiness on Date |
Hearing Date |
Purpose of Hearing |
|
100352/2013 |
DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
17-04-2013 |
06-05-2013 |
|
|
100352/2013 |
DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
06-05-2013 |
17-06-2013 |
|
|
100352/2013 |
DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
17-06-2013 |
26-07-2013 |
|
|
100352/2013 |
DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
26-07-2013 |
30-08-2013 |
|
|
100352/2013 |
DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
30-08-2013 |
24-09-2013 |
|
|
100352/2013 |
DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
24-09-2013 |
24-10-2013 |
|
|
100352/2013 |
DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
24-10-2013 |
19-11-2013 |
|
|
100352/2013 |
DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
19-11-2013 |
17-12-2013 |
|
|
100352/2013 |
DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
17-12-2013 |
23-01-2014 |
|
|
100352/2013 |
DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
23-01-2014 |
24-02-2014 |
|
|
100352/2013 |
DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
24-02-2014 |
18-03-2014 |
|
|
100352/2013 |
DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
18-03-2014 |
16-04-2014 |
|
|
100352/2013 |
DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
16-04-2014 |
13-06-2014 |
|
|
100352/2013 |
DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
13-06-2014 |
10-07-2014 |
|
|
100352/2013 |
DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
10-07-2014 |
12-08-2014 |
|
|
100352/2013 |
DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
12-08-2014 |
16-09-2014 |
|
|
100352/2013 |
DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
16-09-2014 |
05-11-2014 |
|
|
100352/2013 |
DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
05-11-2014 |
17-12-2014 |
|
|
100352/2013 |
DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
17-12-2014 |
21-01-2015 |
|
|
100352/2013 |
EXTRA JT. ADHOC DIST. JUDGE AND ADDL. S. J. PUNE |
21-01-2015 |
10-02-2015 |
|
|
100352/2013 |
EXTRA JT. ADHOC DIST. JUDGE AND ADDL. S. J. PUNE |
10-02-2015 |
29-04-2015 |
|
|
|
||||
|
Orders |
||||
|
Order No. |
Order Date |
Order Details |
||
|
Writ Information |
||||
|
Regn. No. |
Appellate Case No. |
Appellate Authority |
Date of Reciept |
|
|
Case Transfer Details Between The Courts |
||||
|
Regn. No. |
Transfer Date |
From Court No |
To Court No |
|
|
100352/2013 |
21-01-2015 |
55 - DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE |
70 - EXTRA JT. ADHOC DIST. JUDGE AND ADDL. S. J. PUNE |
|
PERFORMANCE AND
OPERATIONS:
The Company registered sales turnover of Rs. 1189.658 Million during the year, as compared to Rs. 1191.808 Million in the previous year. Profit before Depreciation, Interest and Taxation was Rs. 172.599 Million as compared to Rs. 203.248 Million in the previous year, which represents a decrease of 15.08%. This was mainly because of decrease in sales, and increase in costs during the year. Profit before tax was Rs. 99.960 Million as compared to Rs.13.147 Million last year, which represents a decrease of 23.78 %. Profit after tax was Rs. 56.976 Million as compared to Rs. 84.944 Million last year, which represents an decrease of 32.92 %
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Other external commercial borrowings |
73.018 |
96.121 |
|
|
|
|
|
Total |
73.018 |
96.121 |
CONTINGENT
LIABILITIES:
(Rs. in millions)
|
PARTICULARS |
31.03.2014 |
|
Service Tax demand (u/s 11A of Central Excise Act 1944) |
8.013 |
|
Demand against Income tax order for A.Y.09-10 |
14.499 |
|
Total |
22.512 |
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10523654 |
06/08/2014 |
60,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
AMAR AVINASH CORPORATE CITY, SECTOR - 11, BUND GARDEN ROAD, PUNE - 410001, MAHARASHTRA, INDIA |
C25332776 |
* Date of charge modification
FIXED ASSETS:
- Land
- Building
- Plant and equipment
- Furniture and fixtures
- Vehicle
- Office equipment
- 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.62.37 |
|
|
1 |
Rs.92.44 |
|
Euro |
1 |
Rs.66.56 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.