MIRA INFORM REPORT
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Report No. : |
318332 |
|
Report Date : |
22.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
JAPRO ENGINEERING PRIVATE LIMITED |
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Registered
Office : |
802, June Blossoms CHS Limited,
60/60A, Manuel Gonsalves Road, Bandra (West), Mumbai – 400 050, Maharashtra |
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Tel. No.: |
91-22-24932114 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
03.12.1985 |
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Com. Reg. No.: |
11-038229 |
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Capital
Investment / Paid-up Capital : |
Rs.2.400 million |
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|
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CIN No.: [Company Identification
No.] |
U74210MH1985PTC038229 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMJ10007E |
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PAN No.: [Permanent Account No.] |
AAACJ0867F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in providing a complete solution for turnkey projects designed to serve the purpose which includes on-site study, strategy finalization, brainstorming, engineering, development on-site or off-site and commissioning of Industrial Plants. |
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|
|
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No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 245800 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an
established company having moderate track record. Sales turnover of
the company has drastically declined which has resulted into a loss during FY
2014. However, trade
relations are reported as fair. Business is active. Payment terms are
reported to be slow but correct. The company can
be considered for business dealings with some caution. |
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Dipak Garje |
|
Designation : |
Accountant |
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Contact No.: |
91-22-25473695 |
|
Date : |
21.04.2015 |
LOCATIONS
|
Registered Office : |
802, June Blossoms CHS
Limited, 60/60A, Manuel Gonsalves Road, Bandra (West), Mumbai – 400 050,
Maharashtra |
|
Tel. No. : |
91-22-24932114/ 8202/ 9434 |
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Fax No. : |
91-22-24950440 |
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E-Mail : |
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Website : |
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Corporate Office/ Engg. Office : |
Flower Valley, T-2, 1st Floor, Off Eastern Express Highway, Thane – 400 601, Maharashtra, India |
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Tel. No.: |
91-22-25473695/ 3561/ 0304 |
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Fax No.: |
91-22-25476378 |
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E-Mail : |
DIRECTORS
AS ON 26.09.2014
|
Name : |
Mr. Mahesh Janardan Mooteri |
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Designation : |
Managing Director |
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|
Address : |
802, June Blossoms CHS
Limited, 60/60A, Manuel Gonsalves Road, Bandra (West), Mumbai – 400 050,
Maharashtra |
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Date of Birth/Age : |
24.04.1974 |
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Date of Appointment : |
25.09.2012 |
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DIN No.: |
00797901 |
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Other Directorship :
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Name : |
Mr. Janardan Krishnaiah Mooteri |
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Designation : |
Director |
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|
Address : |
802, June Blossoms CHS Limited,
60/60A, Manuel Gonsalves Road, Bandra (West), Mumbai – 400 050, Maharashtra |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
29.04.1939 |
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Date of Appointment : |
25.09.2012 |
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DIN No.: |
01025308 |
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Election Commission Identity Card No.: |
MT/08/036/243442 |
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Other Directorship :
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Name : |
Mrs. Devaki Janardan Mooteri |
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Designation : |
Director |
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|
Address : |
802, June Blossoms CHS Limited,
60/60A, Manuel Gonsalves Road, Bandra (West), Mumbai – 400 050, Maharashtra |
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Date of Birth/Age : |
14.02.1945 |
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Date of Appointment : |
30.09.1999 |
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DIN No.: |
01025455 |
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Election Commission Identity Card No.: |
MT/08/036/243412 |
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Other Directorship :
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Name : |
Mrs. Bhavana Mahesh Mooteri |
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Designation : |
Director |
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|
Address : |
802, June Blossoms CHS
Limited, 60/60A, Manuel Gonsalves Road, Bandra (West), Mumbai – 400 050,
Maharashtra |
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|
Date of Birth/Age : |
28.08.1974 |
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Date of Appointment : |
25.09.2012 |
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DIN No.: |
01802782 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Dipak Garje |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
holding |
|
Mahesh Janardan Mooteri |
19970 |
83.22 |
|
Anupama J. Mooteri |
2000 |
8.33 |
|
Kavita J. Mooteri |
2000 |
8.33 |
|
Janardan Krishnaiah Mooteri |
10 |
0.04 |
|
Devaki Janardan Mooteri |
10 |
0.04 |
|
Bhavana Mahesh Mooteri |
10 |
0.04 |
|
Total |
24000 |
100.00 |
AS ON 26.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing a complete solution for turnkey projects designed to serve the purpose which includes on-site study, strategy finalization, brainstorming, engineering, development on-site or off-site and commissioning of Industrial Plants. |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users, OEM’s and Others
·
The Tata Oil
Mills Limited ·
Tata Vashisti
Detergents Limited ·
Food Fats and
Fertilizers Limited ·
N.K. Industries
Limited ·
AVI Oil India Limited
·
Basco Products
(Kenya) Limited ·
Swastik
Vegetable Oil Products Limited ·
Raj Agro Mills
Limited ·
Arun Vanaspati
Udyog |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
Karnataka Bank Limited, Mumbai Corporate Finance Branch, 294/A, Haroon
House, Perin Nariman Street, Fort, Mumbai – 400 001, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
P.R. Shah and Company (Prakash R. Shah) Chartered Accountants |
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Address : |
203, Vardhaman Apartment, Hanuman Road, Vile Parle (East), Mumbai – 400 057, Maharashtra, India |
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Tel. No. : |
91-22-26143358/
26143359 |
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E-Mail : |
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PAN
No.: |
AADPS0837Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprise where
Key Managerial Personnel along with their relatives exercise significant
influence : |
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CAPITAL STRUCTURE
AS ON 26.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000 |
Equity Shares |
Rs.100/- each |
Rs.2.500 million |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
24000 |
Equity Shares |
Rs.100/- each |
Rs.2.400 million |
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|
|
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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 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.400 |
2.400 |
2.400 |
|
(b) Reserves & Surplus |
83.611 |
93.494 |
57.267 |
|
(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) |
86.011 |
95.894 |
59.667 |
|
|
|
|
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|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
14.452 |
17.854 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.155 |
0.143 |
0.188 |
|
(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) |
14.607 |
17.997 |
0.188 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
22.878 |
|
(b) Trade
payables |
4.536 |
45.313 |
25.092 |
|
(c) Other
current liabilities |
10.344 |
17.746 |
20.341 |
|
(d) Short-term
provisions |
1.449 |
1.331 |
1.134 |
|
Total Current
Liabilities (4) |
16.329 |
64.390 |
69.445 |
|
|
|
|
|
|
TOTAL |
116.947 |
178.281 |
129.300 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
4.851 |
3.832 |
4.333 |
|
(ii)
Intangible Assets |
0.032 |
0.009 |
0.018 |
|
(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 |
16.900 |
1.178 |
2.282 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.282 |
1.338 |
0.872 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
25.065 |
6.357 |
7.505 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
8.433 |
5.542 |
5.989 |
|
(c) Trade
receivables |
55.104 |
147.169 |
103.018 |
|
(d) Cash
and cash equivalents |
7.748 |
9.497 |
2.385 |
|
(e) Short-term
loans and advances |
16.004 |
9.665 |
10.403 |
|
(f) Other
current assets |
4.593 |
0.051 |
0.000 |
|
Total
Current Assets |
91.882 |
171.924 |
121.795 |
|
|
|
|
|
|
TOTAL |
116.947 |
178.281 |
129.300 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
94.975 |
552.742 |
375.446 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
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|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(13.194) |
53.708 |
55.230 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.197 |
0.328 |
0.325 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(13.391) |
53.380 |
54.905 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(1.008) |
17.154 |
18.981 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(12.383) |
36.226 |
35.924 |
|
|
|
|
|
|
|
|
|
|
Diminution in Value of Investment Written Back |
2.500 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
93.213 |
56.987 |
21.062 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
83.331 |
93.213 |
56.987 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods |
0.000 |
0.884 |
1.892 |
|
|
TOTAL EARNINGS |
0.000 |
0.884 |
1.892 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(515.96) |
1509.45 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(13.04) |
6.55 |
9.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(13.38) |
30.14 |
43.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.16) |
0.56 |
0.92 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.17 |
0.19 |
0.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.63 |
2.67 |
1.75 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Share Capital |
2.400 |
2.400 |
2.400 |
|
Reserves & Surplus |
57.267 |
93.494 |
83.611 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
59.667 |
95.894 |
86.011 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
17.854 |
14.452 |
|
Short Term borrowings |
22.878 |
0.000 |
0.000 |
|
Total borrowings |
22.878 |
17.854 |
14.452 |
|
Debt/Equity ratio |
0.383 |
0.186 |
0.168 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Turnover |
375.446 |
552.742 |
94.975 |
|
|
|
47.223 |
(82.817) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Turnover |
375.446 |
552.742 |
94.975 |
|
Profit |
35.924 |
36.226 |
(12.383) |
|
|
9.57% |
6.55% |
(13.04%) |
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 |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
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 |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE:
The registered address of the company has been shifted from 19th
Kismat, 5th Floor, 48, Cater Road, Bandra, Mumbai – 400 050,
Maharashtra to the present address w.e.f. 19.05.2008.
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loan and Advances from
Related Parties (Unsecured loans are payable on or after 30.06.2015) |
|
|
|
Form Directors and Shareholders |
14.452 |
17.854 |
|
Total |
14.452 |
17.854 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10525943 |
19/09/2014 * |
500,000.00 |
KARNATAKA BANK LIMITED |
MUMBAI CORPORATE FINANCE BRANCH,
294/A, HAROON HOUSE, PERIN NARIMAN STREET, FORT, MUMBAI, MAHARASHTRA -
400001, INDIA |
C34345074 |
|
2 |
10084478 |
05/11/2007 * |
30,000,000.00 |
THE KARNATAKA BANK
LIMITED |
FORT BRANCH, 294/A,
HAROON HOUSE, PERIN NARIMAN STREET, FORT, MUMBAI, MAHARASHTRA - 400001,
INDIA |
A31638265 |
|
3 |
90237265 |
24/12/1985 * |
12,500,000.00 |
THE KARNATAKA BANK
LIMITED |
294; HAROON HOUSE, PERIN
NARIMAN STREET, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
4 |
90210937 |
20/03/2001 * |
19,500,000.00 |
KARNATAKA BANK LIMITED |
294; HAROON HOUSE, PERIN
NARIMAN STREET; FORT, BOMBAY, MAHARASHTRA - 400001, INDIA |
- |
|
5 |
90213116 |
15/12/1997 |
19,500,000.00 |
KARNATAKA BANK LIMITED |
294; HAROON HOUSE, PERIN NARIMAN
STREET; FORT, BOMBAY, MAHARASHTRA - 400001, INDIA |
- |
|
6 |
90210813 |
19/09/2014 * |
35,000,000.00 |
KARNATAKA BANK LIMITED |
MUMBAI CORPORATE FINANCE
BRANCH, 294/A, HAROON HOUSE, PERIN NARIMAN STREET, FORT, MUMBAI, MAHARASHTRA
- 400001, INDIA |
C29688298 |
|
7 |
90212067 |
12/03/1999 * |
12,500,000.00 |
KARNATAKA BANK LIMITED |
294; HAROON HOUSE, PERIN
NARIMAN STREET; FORT, BOMBAY, MAHARASHTRA - 400001, INDIA |
- |
* Date of charge modification
CONTINGENT
LIABILITIES (AS ON 31.03.2014):
·
Contingent liability
not provided for in respect of the guarantees provided by the bank for Rs.0.079
million.
FIXED ASSETS
Tangible Assets
·
Office Premises
·
Furniture and Fixtures
·
Computer Equipments
·
Motor Car
·
Office Equipments
Intangible
Assets
·
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.62.92 |
|
|
1 |
Rs.93.57 |
|
Euro |
1 |
Rs.67.34
|
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
-- PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.