MIRA INFORM REPORT
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Report No. : |
319115 |
|
Report Date : |
27.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
ELECTRICA ENGINEERS (INDIA) PRIVATE LIMITED |
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Registered
Office : |
W-316, Rabale Block, MIDC Industrial Ares, TTC, Ghansoli Post, Navi
Mumbai – 400701, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
14.01.2004 |
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Com. Reg. No.: |
11-144011 |
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Capital
Investment / Paid-up Capital : |
Rs.18.100 Million |
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CIN No.: [Company Identification
No.] |
U31900MH2004PTC144011 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUME04616D |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Switches and Lamps Required for Automobiles. |
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No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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. The company has incurred a loss from its operations during 2014. However, trade relations are fair. Business is active. Payment terms
are 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.
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
|
Name : |
Mr. Niranjan J. Damle |
|
Designation : |
Director |
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Contact No.: |
91-8888819678 |
|
Date : |
24.04.2015 |
LOCATIONS
|
Registered Office : |
W-316, Rabale Block, MIDC Industrial Ares, TTC, Ghansoli Post, Navi
Mumbai – 400701, Maharashtra, India |
|
Tel. No.: |
91-22-27606670/ 27606680 |
|
Mobile No.: |
91-8888819678 (Mr. Niranjan Jagannath Damle) |
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Fax No.: |
91-22-27693194/ 27606680 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
57 / 1 Part, Village Bebedohol, Next to Tata Maval Foundry, Taluka
Maval, District Pune – 410506, Maharashtra, India |
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Tel. No.: |
91-2114-237725 |
|
Fax No.: |
91-2114-237727 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Arvind Vasant Pendse |
|
Designation : |
Managing Director |
|
Address : |
D-1301, Balaji Garden Co-operative Housing Society, Sector – 11,
Bonkode, Kopar Khairane, Navi Mumbai – 400709, Maharashtra, India |
|
Date of Birth/Age : |
09.06.1952 |
|
Date of Appointment : |
15.01.2004 |
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DIN No.: |
00903677 |
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Name : |
Mr. Niranjan Jagannath Damle |
|
Designation : |
Director |
|
Address : |
C-302, Padmavilas CS No. 131, Baner Pashan Link Road, Pashan, Pune –
411021, Maharashtra, India |
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Date of Birth/Age : |
06.04.1977 |
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Date of Appointment : |
14.01.2004 |
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DIN No.: |
00903741 |
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Name : |
Mrs. Prerna Pendse |
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Designation : |
Director |
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Address : |
D-1301, Balaji Garden Co-operative Housing Society, Sector – 11, Bonkode,
Kopar Khairane, Navi Mumbai – 400709, Maharashtra, India |
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Date of Birth/Age : |
21.05.1964 |
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Date of Appointment : |
01.05.2010 |
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DIN No.: |
00903722 |
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|
|
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Name : |
Mrs. Rohini Damle |
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Designation : |
Director |
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Address : |
18, Anthem Creek Circle Henderson, Nevada – 89052, USA |
|
Date of Birth/Age : |
16.07.1953 |
|
Date of Appointment : |
25.02.2008 |
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DIN No.: |
01796967 |
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Name : |
Mr. Jayant Damle |
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Designation : |
Director |
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Address : |
18, Anthem Creek Circle Henderson, Nevada – 89052, USA |
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Date of Birth/Age : |
05.01.1947 |
|
Date of Appointment : |
25.02.2008 |
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DIN No.: |
01913641 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age |
|
Arvind Vasant Pendse |
139000 |
76.80 |
|
Niranjan Jagannath Damle |
6000 |
3.31 |
|
Prerna Pendse |
6000 |
3.31 |
|
Jayant Damle |
10000 |
5.52 |
|
Rohinee Jayant Damle |
5000 |
2.76 |
|
Ajitkumar Damle |
9999 |
5.52 |
|
Chitra Damle |
5000 |
2.76 |
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|
|
|
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Total |
180999 |
100.00 |
%20PRIVATE%20LIMITED%20-%20319115%20_%20MIRA.doc%2027-Apr-2015_files/image002.gif)
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Switches and Lamps Required for Automobiles. |
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Products : |
INTERIOR EXTERIOR |
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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 : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash, L/C and Credit (30, 60 and 90 Days) |
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Purchasing : |
Cash, L/C and Credit (30, 60 and 90 Days) |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
GPS and Associates Chartered Accountants |
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Address : |
A-1, Sindhi Niwas, Sitaladevi Temple Road, Mahim, Mumbai – 400016,
Maharashtra, India |
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Tel. No. : |
91-22-24446688 / 1348 / 24468959 |
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Fax No. : |
91-22-24466455 |
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PAN
No. : |
AADHG4422H |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates / Subsidiaries : |
Nil |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
180999 |
Equity Shares |
Rs.100/- each |
Rs.18.100 Million |
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FINANCIAL DATA
[all figures are in
Rupees Millions]
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 |
18.100 |
18.100 |
18.100 |
|
(b) Reserves & Surplus |
69.515 |
72.181 |
63.224 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
87.615 |
90.281 |
81.324 |
|
|
|
|
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(3) Non-Current
Liabilities |
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|
|
|
(a) long-term borrowings |
34.263 |
70.411 |
94.622 |
|
(b) Deferred tax liabilities (Net) |
7.233 |
8.669 |
6.843 |
|
(c) Other long term
liabilities |
12.982 |
12.393 |
20.290 |
|
(d) long-term provisions |
0.000 |
0.834 |
1.281 |
|
Total Non-current
Liabilities (3) |
54.478 |
92.307 |
123.036 |
|
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|
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(4) Current Liabilities |
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|
|
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(a) Short
term borrowings |
57.500 |
27.450 |
17.908 |
|
(b) Trade
payables |
73.286 |
61.914 |
49.646 |
|
(c) Other
current liabilities |
66.881 |
29.597 |
27.941 |
|
(d) Short-term
provisions |
10.348 |
7.807 |
5.612 |
|
Total Current
Liabilities (4) |
208.015 |
126.768 |
101.107 |
|
|
|
|
|
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TOTAL |
350.108 |
309.356 |
305.467 |
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II.
ASSETS |
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|
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(1) Non-current assets |
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(a) Fixed
Assets |
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|
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|
(i)
Tangible assets |
150.143 |
162.365 |
167.495 |
|
(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 |
0.050 |
0.050 |
0.050 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.861 |
0.568 |
3.607 |
|
(e) Other Non-current
assets |
1.537 |
1.554 |
0.204 |
|
Total Non-Current
Assets |
152.591 |
164.537 |
171.356 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
56.973 |
37.108 |
29.127 |
|
(c) Trade
receivables |
78.892 |
68.181 |
72.404 |
|
(d) Cash
and cash equivalents |
7.686 |
14.664 |
21.798 |
|
(e)
Short-term loans and advances |
53.579 |
24.466 |
10.475 |
|
(f) Other
current assets |
0.387 |
0.400 |
0.307 |
|
Total
Current Assets |
197.517 |
144.819 |
134.111 |
|
|
|
|
|
|
TOTAL |
350.108 |
309.356 |
305.467 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
432.764 |
289.685 |
|
|
|
|
Other Income |
4.899 |
20.740 |
|
|
|
|
TOTAL |
437.663 |
310.425 |
NA |
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
310.412 |
192.586 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(18.285) |
(6.865) |
|
|
|
|
Employees benefits expense |
24.591 |
16.112 |
|
|
|
|
Other expenses |
87.782 |
63.436 |
|
|
|
|
TOTAL |
404.500 |
265.269 |
NA |
|
|
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|
|
|
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|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
33.163 |
45.156 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
14.855 |
15.487 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
18.308 |
29.669 |
45.037 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
21.414 |
22.742 |
22.957 |
|
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|
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|
Add |
PRIOR PERIOD ADJUSTMENT (NET) |
0.000 |
0.405 |
0.000 |
|
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|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(3.106) |
7.332 |
22.080 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.440) |
(1.625) |
5.594 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(2.666) |
8.957 |
16.486 |
|
|
|
|
|
|
|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
169.697 |
30.748 |
16.214 |
|
|
TOTAL EARNINGS |
169.697 |
30.748 |
16.214 |
|
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IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
55.963 |
21.232 |
7.924 |
|
|
|
Capital Goods |
2.169 |
9.433 |
10.578 |
|
|
|
Others |
8.226 |
5.752 |
1.491 |
|
|
TOTAL IMPORTS |
66.358 |
36.417 |
19.993 |
|
|
|
|
|
|
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|
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|
Earnings /
(Loss) Per Share (Rs.) |
(14.73) |
49.48 |
91.08 |
|
%20PRIVATE%20LIMITED%20-%20319115%20_%20MIRA.doc%2027-Apr-2015_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20319115%20_%20MIRA.doc%2027-Apr-2015_files/image004.gif){kind=small}
|
Particulars |
|
|
31.03.2015 |
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Sales Turnover (Approximately) |
|
|
500.000 |
|
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The above information has been parted by Mr. Niranjan J. Damle
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(0.62) |
3.09 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
7.66 |
15.59 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.89) |
2.37 |
7.23 |
|
|
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|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.04) |
0.08 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.05 |
1.08 |
1.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95 |
1.14 |
1.33 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
18.100 |
18.100 |
18.100 |
|
Reserves & Surplus |
63.224 |
72.181 |
69.515 |
|
Net worth |
81.324 |
90.281 |
87.615 |
|
|
|
|
|
|
long-term borrowings |
94.622 |
70.411 |
34.263 |
|
Short term borrowings |
17.908 |
27.450 |
57.500 |
|
Total borrowings |
112.530 |
97.861 |
91.763 |
|
Debt/Equity ratio |
1.384 |
1.084 |
1.047 |
%20PRIVATE%20LIMITED%20-%20319115%20_%20MIRA.doc%2027-Apr-2015_files/image006.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Revenue from operations |
289.685 |
432.764 |
|
|
49.391 |
%20PRIVATE%20LIMITED%20-%20319115%20_%20MIRA.doc%2027-Apr-2015_files/image008.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Revenue from operations |
289.685 |
432.764 |
|
Profit |
8.957 |
(2.666) |
|
|
3.09% |
(0.62%) |
%20PRIVATE%20LIMITED%20-%20319115%20_%20MIRA.doc%2027-Apr-2015_files/image010.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
Current Maturities of Long Term Debts |
28.468 |
24.100 |
21.292 |
|
|
|
|
|
|
Total |
28.468 |
24.100 |
21.292 |
|
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 |
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 |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advance
from Directors |
|
|
|
Arvind Vasant Pendse |
20.791 |
20.030 |
|
Prerna Pendse |
1.306 |
1.396 |
|
Niranjan Jagannath Damle |
0.701 |
0.690 |
|
|
|
|
|
Total |
22.798 |
22.116 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10515253 |
10/06/2014 |
25,000,000.00 |
New India Co-op Bank Limited |
Centralized Credit Department, Temple
View-1, Raheja Township, Malad (E), Mumbai, Maharashtra - 400097, INDIA |
C16636151 |
|
2 |
10440021 |
19/07/2013 |
15,000,000.00 |
NEW INDIA CO-OPERATIVE BANK LTD |
Centralized Credit Department, Temple
View-1, Raheja Township, Malad (E), Mumbai, Maharashtra - 400097, INDIA |
B80863756 |
|
3 |
10148183 |
01/10/2014 * |
135,000,000.00 |
IDBI Bank Limited |
Specialized Corporate Branch, National
Stock, Exchange Bandra Kurla Complex, Bandra (E), MUMBAI, Maharashtra -
400051, INDIA |
C33907247 |
|
4 |
10102970 |
10/06/2014 * |
143,000,000.00 |
New India Co-op Bank Limited |
Centralized Credit Department, Temple
View-1, Raheja Township, Malad (E), Mumbai, Maharashtra - 400097, INDIA |
C16632614 |
|
5 |
10112361 |
12/02/2008 |
30,000,000.00 |
NEW INDIA CO-OPERATIVE BANK LTD. |
New India Bhavan, Anant Vishram Nagwekar
Marg, Babasahed Worlikar Chowk, Prabhadevi, MUMBAI, Maharashtra - 400025,
INDIA |
A40781023 |
|
6 |
10112360 |
12/02/2008 |
65,000,000.00 |
NEW INDIA CO-OPERATIVE BANK LTD. |
New India Bhavan, Anant Vishram Nagwekar
Marg, Babasaheb Worlikar Chowk, Prabhadevi, MUMBAI, Maharashtra - 400025,
INDIA |
A40781239 |
|
7 |
10112364 |
12/02/2008 |
118,000,000.00 |
NEW INDIA CO-OPERATIVE BANK LTD. |
New India Bhavan, Anant Vishram Nagwekar
Marg, Babasaheb Worlikar Chowk, Prabhadevi, MUMBAI, Maharashtra - 400025,
INDIA |
A40780868 |
|
8 |
90148990 |
29/03/2005 * |
1,500,000.00 |
STATE BANK OF INDIA |
RABALE TRANS THANE CREEK, INDUSTRIAL AREA
BRANCH, |
- |
* Date of charge modification
CORPORATE INFORMATION
Subject is a private company domiciled in India and incorporated under the provision of companies Act, 1956 on 14th January 2004. The company is engaged in manufacturer of Switches and Lamps required for automobiles which are sold to the reputed brands in automobile industry. The company caters to both domestic and international markets.
FIXED ASSETS
· Leasehold Land
· Leasehold Improvement
· Factory Building
· Staff Quarter
· Plant and Machinery
· Lift
· Furniture and Fixture
· Office Equipment
· Motor Car
- Computers
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.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
-- PROFITABILITY |
1~10 |
1 |
|
--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 |
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 |
|
29 |
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.