MIRA INFORM REPORT
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Report No. : |
318511 |
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Report Date : |
21.04.2015 |
IDENTIFICATION DETAILS
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Name : |
RATIONAL ENGINEERS LIMITED (w.e.f 23.11.2010) |
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Formerly Known
As : |
RATIONAL ENGINEERS PRIVATE LIMITED |
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Registered Office
: |
103, 1st Floor, Dhanalaxmi Residency, Next to Tip Top
Plaza, Thane – 400602, Maharashtra |
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Tel. No. : |
91-22-25824367 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
27.02.1989 |
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Com. Reg. No.: |
11-050809 |
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Capital
Investment / Paid-up Capital : |
Rs. 68.848 Million |
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CIN No.: [Company Identification
No.] |
U31200MH1989PLC050809 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMR07254C PNER10368B |
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PAN No.: [Permanent Account No.] |
AAACR2142P |
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Legal Form : |
A Closely Held Public Limited liability Company |
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Line of Business
: |
Subject is engaged in manufacturing and selling
copper wires. |
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No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 600000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Profitability of the company is low. The company’s receivables are too
high which may act as a threat to its liquidity in future. Available
information indicates that company’s performance is stable. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered 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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
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Rating |
Long term rating BBB- |
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Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
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Date |
August 12, 2014 |
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
|
Name : |
Ms. Dipti Shelke |
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Designation : |
Account Manager |
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Contact No.: |
91-22-25824367 |
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Date : |
21.04.2015 |
LOCATIONS
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Registered Office : |
103, 1st Floor, Dhanalaxmi Residency, Next to Tip Top Plaza,
Thane – 400602, Maharashtra, India |
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Tel. No.: |
91-22-25824367 / 68 |
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Fax No.: |
91-22-25824368 |
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E-Mail : |
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Website : |
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Area : |
1200 Sq. ft |
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Location : |
Owned |
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Factory 1 : |
Plot No. 1, Gut No 18, 26 and 27 Kusum Industrial Complex, Hamrapur
Tal Wada Dist, Thane, Maharashtra, India |
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Factory 2 : |
Plot No. 71, Dewan Industrial Area, Udyog Nagar, Allyali, Palghar, District
Thane – 401404, Maharashtra, India |
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Factory 3 : |
Gut No. 296, 297 and 298, Kusum Industrial Complex, Hamrapur Tal Wada
District, Thane - 421303, Maharashtra, India |
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Factory 4 : |
Plot No. 21, Gut No. 18, 26 and 27 Unit – 3, Hamrapur Tal Wada
District, Thane - 421303, Maharashtra, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Mahendra Khayli Lal Jain |
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Designation : |
Managing Director |
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Address : |
501, Building No. 3 (C), Garden Enclave, Pokhran Road No.2, Thane - 400602, Maharashtra, India |
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Date of Birth/Age : |
15.07.1970 |
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Qualification : |
B.E (Mech.) |
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Date of Appointment : |
01.12.2011 |
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DIN No. : |
00416102 |
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Other Directorship :
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Name : |
Mrs. Chanda Mahendrakumar Jain |
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Designation : |
Whole-time
Director |
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Address : |
501, Building No. 3 (C), Garden Enclave, Pokhran Road No.2, Thane - 400602, Maharashtra, India |
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Date of Birth/Age : |
25.06.1973 |
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Qualification : |
B.Com |
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Date of Appointment : |
01.12.2011 |
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DIN No. : |
01886466 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Ms. Dipti Shelke |
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Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
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No. of Shares |
|
Mahendra Jain |
|
389440 |
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Chanda Jain |
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229000 |
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Prakash Jain |
|
63640 |
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Jubin Jain |
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920 |
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Pina Jhaveri |
|
1550 |
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Sarika Paagariya |
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230 |
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T.R. Singh |
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660 |
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Neelam T. Singh |
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660 |
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Shankar Phad |
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1320 |
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Ketan Pagariya |
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60 |
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Bhaskar Salian |
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600 |
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Sumati Bhaskar Salian |
|
400 |
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Total |
|
688480 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
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Directors or relatives of Directors |
99.57 |
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Other top fifty shareholders |
0.43 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in manufacturing and selling
copper wires. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit (30 / 60/ 90 Days) |
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Purchasing : |
Cash and Credit (30 / 60/ 90 Days) |
PRODUCTION STATUS: Not Available
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers End Users and OEMs
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No. of Employees : |
200 (Approximately) |
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Bankers : |
Small Industries Development Bank of India, 1 & 2,Dhanlaxmi Residency, Near Hotel Tip Top Plaza, L.B.S. Marg, Thane West, Thane - 400604, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
B. R. Jajoo and company Chartered Accountants |
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Address : |
211, Jai Commercial Complex, Opposite Cadbury, Eastern Express Highway, Khopat, Thane(West), Thane – 400601, Maharashtra, India |
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PAN No.: |
AAAPJ7110Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
688480 |
Equity Shares |
Rs.100/- each |
Rs.68.848 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
68.848 |
68.848 |
68.848 |
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(b) Reserves &
Surplus |
143.093 |
137.159 |
131.958 |
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(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
211.941 |
206.007 |
200.806 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
116.344 |
175.391 |
112.242 |
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(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 |
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Total Non-current
Liabilities (3) |
116.344 |
175.391 |
112.242 |
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(4) Current Liabilities |
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(a) Short term borrowings |
407.844 |
136.418 |
39.010 |
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(b) Trade payables |
67.096 |
71.523 |
174.264 |
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(c) Other current
liabilities |
39.064 |
1.472 |
5.249 |
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(d) Short-term provisions |
2.568 |
1.061 |
10.181 |
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Total Current Liabilities
(4) |
516.572 |
210.474 |
228.704 |
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TOTAL |
844.857 |
591.872 |
541.752 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
288.655 |
312.722 |
239.527 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
14.028 |
14.493 |
14.548 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
22.857 |
0.000 |
|
(e) Other Non-current
assets |
0.854 |
2.888 |
1.667 |
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Total Non-Current Assets |
303.537 |
352.960 |
255.742 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
11.927 |
32.207 |
44.352 |
|
(c) Trade receivables |
493.445 |
161.325 |
155.614 |
|
(d) Cash and cash
equivalents |
20.424 |
21.744 |
46.307 |
|
(e) Short-term loans and
advances |
6.730 |
18.104 |
33.285 |
|
(f) Other current assets |
8.794 |
5.532 |
6.452 |
|
Total Current Assets |
541.320 |
238.912 |
286.010 |
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|
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|
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TOTAL |
844.857 |
591.872 |
541.752 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
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|
|
Income |
1174.932 |
1218.054 |
1279.357 |
|
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Other Income |
23.863 |
3.176 |
12.054 |
|
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TOTAL (A) |
1198.795 |
1221.230 |
1291.411 |
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Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1028.501 |
1079.205 |
1099.719 |
|
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Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
20.281 |
12.145 |
23.788 |
|
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Employees benefits
expense |
17.148 |
22.460 |
25.485 |
|
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Other expenses |
41.948 |
35.228 |
34.857 |
|
|
TOTAL (B) |
1107.878 |
1149.038 |
1183.849 |
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Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
(C) |
90.917 |
72.192 |
107.562 |
|
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Less |
FINANCIAL EXPENSES (D) |
44.894 |
32.932 |
36.479 |
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PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
46.023 |
39.260 |
71.083 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
40.089 |
31.035 |
31.838 |
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PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
5.934 |
8.225 |
39.245 |
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Less |
TAX (H) |
0.000 |
3.025 |
9.148 |
|
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|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
5.934 |
5.200 |
30.097 |
|
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|
|
|
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|
|
Earnings / (Loss) Per
Share (Rs.) |
8.62 |
7.55 |
43.72 |
Expected Sales (2014-2015) : Rs. 1200.000 Million
The above information has been parted by Mr. Dipti Shelke
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.51 |
0.43 |
2.35 |
|
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Operating Profit Margin (PBDIT/Sales) |
(%) |
7.74 |
5.93 |
8.41 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
0.71 |
1.42 |
7.44 |
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|
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Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.04 |
0.20 |
|
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|
Debt Equity Ratio (Total Debt/Networth) |
|
2.47 |
1.51 |
0.75 |
|
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|
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|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05 |
1.14 |
1.25 |
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 |
68.848 |
68.848 |
68.848 |
|
Reserves & Surplus |
131.958 |
137.159 |
143.093 |
|
Net worth |
200.806 |
206.007 |
211.941 |
|
|
|
|
|
|
long-term borrowings |
112.242 |
175.391 |
116.344 |
|
Short term borrowings |
39.010 |
136.418 |
407.844 |
|
Total borrowings |
151.252 |
311.809 |
524.188 |
|
Debt/Equity ratio |
0.753 |
1.514 |
2.473 |
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) |
|
Sales |
1279.357 |
1218.054 |
1174.932 |
|
|
|
(4.792) |
(3.540) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1279.357 |
1218.054 |
1174.932 |
|
Profit |
30.097 |
5.200 |
5.934 |
|
|
2.35% |
0.43% |
0.51% |
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 |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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] |
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 |
Yes |
Note
Registered office of the company has been shifted 132 1st
Floor, Ashoka Supermarket Complex S. V. Road, Goregaon (West), Mumbai - 400062, Maharashtra, India to the present
address w.e.f. 02.12.2006
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
6.094 |
31.433 |
|
Other loans and advances |
15.134 |
30.633 |
|
Total |
21.228 |
62.066 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10553955 |
27/02/2015 |
37,500,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
1 & 2,DHANLAXMI RESIDENCY,NEAR HOTEL TIP TOP PLAZA, L.B.S. MARG, THANE WEST, THANE, MAHARASHTRA - 400604, INDIA |
C46080024 |
|
2 |
10535988 |
09/10/2014 * |
50,000,000.00 |
TJSB SAHAKARI BANK LIMITED |
TIP TOP PLAZA, WAGLE INDUSTRIAL ESTATE, THANE, MAHARASHTRA - 400604, INDIA |
C40802431 |
|
3 |
10535993 |
05/11/2014 * |
50,000,000.00 |
TJSB SAHAKARI BANK LIMITED |
TIP TOP PLAZA, WAGLE INDUSTRIAL ESTATE, THANE, MAHARASHTRA - 400604, INDIA |
C40801680 |
|
4 |
10458816 |
31/01/2014 * |
300,000,000.00 |
TJSB SAHAKARI BANK LIMITED |
WAGLE ESTATE
BRANCH, TIP TOP PLAZA, WAGLE INDUSTR |
C01026731 |
|
5 |
10458016 |
17/09/2013 * |
30,000,000.00 |
TJSB SAHAKARI BANK LIMITED |
TIP TOP PLAZA, WAGLE INDUSTRIAL ESTATE, THANE, MAHARASHTRA - 400604, INDIA |
B89001747 |
|
6 |
10458014 |
17/09/2013 * |
50,000,000.00 |
TJSB SAHAKARI BANK LIMITED |
TIP TOP PLAZA, WAGLE INDUSTRIAL ESTATE, THANE, MAHARASHTRA - 400604, INDIA |
B89002059 |
|
7 |
10425176 |
16/03/2013 |
50,000,000.00 |
TJSB SAHAKARI BANK LIMITED |
TIP TOP PLAZA, WAGLE INDUSTRIAL ESTATE, THANE, MAHARASHTRA - 400604, INDIA |
B74953936 |
|
8 |
10424037 |
29/09/2014 * |
20,000,000.00 |
TJSB SAHAKARI BANK LIMITED |
TIP TOP PLAZA, WAGLE INDUSTRIAL ESTATE, THANE, MAHARASHTRA - 400604, INDIA |
C36635753 |
|
9 |
10364179 |
25/06/2012 * |
90,000,000.00 |
TJSB SAHAKARI BANK LIMITED |
TIP TOP PLAZA, WAGLE INDUSTRIAL ESTATE, THANE, MAHARASHTRA - 400604, INDIA |
B63779144 |
|
10 |
10336330 |
10/01/2012 |
725,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
10 & 11, TIP TOP PLAZA, LBS MARG, THANE, THANE, MAHARASHTRA - 400604, INDIA |
B32385171 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Other equipments
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. 62.56 |
|
|
1 |
Rs. 93.56 |
|
Euro |
1 |
Rs. 67.49 |
INFORMATION DETAILS
|
Information Gathered
by : |
PPT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.