MIRA INFORM REPORT
|
Report No. : |
319406 |
|
Report Date : |
28.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
GHATGE PATIL INDUSTRIES LIMITED |
|
|
|
|
Formerly Known
As : |
GHATGE PATIL INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Uchagaon, District Kolhapur – 416005, Maharashtra |
|
Tel. No.: |
91-231-2608000 / 2608173 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
02.07.1960 |
|
|
|
|
Com. Reg. No.: |
11-011738 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 250.370 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31103PN1960PLC011738 |
|
|
|
|
IEC No.: |
0388012501 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
KLPG00564E / KLPA00671G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG6595R / AABCM6744K |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
Subject is engaged in manufacturing castings required by the tractor segment. |
|
|
|
|
No. of Employees
: |
1500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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|
|
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Litigation : |
Exist |
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Comments : |
Subject was originally started in 1960 as a partnership concern and in
the same year, it was reconstituted as a company. It is an established
company having satisfactory track. The company possesses an acceptable financial profile marked by
adequate networth base along with increasing debt funding and moderate
working capital intensive operations. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. In view of promoter’s extensive experience, the subject 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BBB - |
|
Rating Explanation |
Moderate degree of safety regarding timely servicing of financial
obligations. |
|
Date |
December 31, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
December 31, 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 : |
Mr. Praveen |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-231-2608000 |
|
Date : |
25.04.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Uchagaon, District Kolhapur – 416005, Maharashtra, India |
|
Tel. No.: |
91-231-2608000/2608173 |
|
Fax No.: |
91-231-2608080 |
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E-Mail : |
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|
Website : |
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Factory 2 : |
Located At :
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Machine Shop : |
Located at : Near Uchgaon, Kolhapur 1 km. |
DIRECTORS
AS ON 28.09.2013
|
Name : |
Mr. Kiran Jaykumar Patil |
|
Designation : |
Managing Director |
|
Address : |
R.S. No. 35/1, Laxmi Nagar, Near Rajaram Talav, Ujalaiwadi, Kolhapur –
416005, Maharashtra, India |
|
Date of Birth/Age : |
20.05.1953 |
|
Qualification : |
B.E. (Mech), M.S. (Ind.Engg), M.B.A. (USA) |
|
Date of Appointment : |
31.08.2014 |
|
DIN No. : |
00221662 |
|
|
|
|
Name : |
Mr. Prabhakar Dattatray Gune |
|
Designation : |
Director |
|
Address : |
Karishma, 138, N ational Co- Operative Housing Society, Baner Road, Aundh,
Pune – 411007, Maharashtra, India |
|
Date of Birth/Age : |
20.09.1926 |
|
Date of Appointment : |
31.03.1973 |
|
DIN No. : |
00052376 |
|
|
|
|
Name : |
Mr. Ashok V Chowgule |
|
Designation : |
Director |
|
Address : |
Kanchan Ganga, 26th Floor, Dr. G. Deshmukh Marg, Kemps Corner, Mumbai –
400026, Maharashtra, India |
|
Date of Birth/Age : |
25.01.1948 |
|
Qualification : |
B Sc. Economics and Statistics Post graduate |
|
Date of Appointment : |
29.07.2006 |
|
DIN No. : |
00018970 |
|
|
|
|
Name : |
Luciano Franco Gilardo |
|
Designation : |
Director |
|
Address : |
A – 1, Orchid’s Apartments,
Lane E, Off North Main Road, Lane E, Koregaon Park, Pune – 411001,
Maharashtra, India |
|
Date of Birth/Age : |
14.06.1943 |
|
Qualification : |
Diploma in Economic Science Diploma in Commercial Correspondent in foreign languages
French-German- English One Month full immersion in Industrial Management for FIAT Executives
(ISVOR- FIAT Instit) |
|
Date of Appointment : |
29.07.2006 |
|
DIN No. : |
00220680 |
|
|
|
|
Name : |
Mr. Sunil Chamanlal Patel |
|
Designation : |
Director |
|
Address : |
36, Vijay Amar Society, Survry No. 44/2, Erandavana, Pune – 411004,
Maharashtra, India |
|
Date of Birth/Age : |
08.07.1949 |
|
Qualification : |
B.E. (Mech), M.M.S. |
|
Date of Appointment : |
26.09.2008 |
|
DIN No. : |
02057191 |
|
|
|
|
Name : |
Mr. Vijay Narayan Bedekar |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
B – 5, Dhavalgiri Park Co- Operative Society, 35/2, Karve Nagar, Pune
411052, Maharashtra, India |
|
Date of Birth/Age : |
12.03.1948 |
|
Qualification : |
B. E. PGDBM |
|
Date of Appointment : |
17.07.2010 |
|
DIN No. : |
02508347 |
|
|
|
|
Name : |
Mrs. Megha Kiran Patil |
|
Designation : |
Whole-time director |
|
Address : |
R. S. No. 35/1, Laxmi Nagar, Near Rajaram Talav, Ujalalwadi, Kolhapur
– 416005, Maharashtra, India |
|
Date of Birth/Age : |
23.06.1964 |
|
Qualification : |
B. Sc. |
|
Date of Appointment : |
26.09.2009 |
|
DIN No. : |
00683225 |
|
|
|
|
Name : |
Mr. Shrinivas Bindumadhav Inamati |
|
Designation : |
Director |
|
Address : |
E/ 101, Alakhnanda Society, Shivanand Gardens 38/1, Kothrud Pune –
411029, Maharashtra, India |
|
Date of Birth/Age : |
25.09.1955 |
|
Date of Appointment : |
17.03.2012 |
|
DIN No. : |
05243658 |
|
|
|
|
Name : |
Mr. Aditya Kiran Patil |
|
Designation : |
Whole-time director |
|
Address : |
R. S. No. 35/1, Laxmi Nagar, Near Rajaram Talav, Ujaiaieadi, Kolhapur
– 416005, Maharashtra, India |
|
Date of Birth/Age : |
01.03.1989 |
|
Date of Appointment : |
28.09.2013 |
|
DIN No. : |
06627558 |
KEY EXECUTIVES
|
Name : |
Mr. Promod Vasant Patil |
|
Designation : |
Company Secretary |
|
Address : |
At Post Bhanole, Taluka Harkanagar, Kolhapur – 416112, Maharashtra,
India |
|
Date of Birth/Age : |
31.03.1984 |
|
Date of Appointment : |
31.03.2013 |
|
PAN No. |
AMOPP4427A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
SHAREHOLDING DETAILS FILE ATTACHED
AS ON 31.03.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
96.65 |
|
Other top fifty shareholders |
3.35 |
|
Total |
100.00 |
AS ON 25.11.2014
|
Name of Allottees |
No. of shares |
|
Prabhakar Dattatraya |
40000 |
|
Vyankatesh Sakharam Ghatge |
35239 |
|
Prbha Arun Bhagwat |
3000 |
|
Lalita Parmar |
5532 |
|
Sharad Narayan Gurjar |
3600 |
|
P.
Rajesh |
28043 |
|
P.B. Prakash |
20000 |
|
Sujaya Prassana |
78087 |
|
Aditya Kiran Patil |
10895 |
|
Sahrvari Kiran Patil |
10860 |
|
Megha Kiran Patil |
18000 |
|
Kiran Jaykumar Patil |
3108814 |
|
Kiran Jaykumar Patil |
365195 |
|
Kiran Jaykumar Patil |
21309693 |
|
|
|
|
Total |
25036958 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing castings required by
the tractor segment. |
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|
Products : |
Not Available |
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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, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
1500 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
P B Deshpande and Company Chartered Accountants |
|
Address : |
Gabmar Apartments, Vasco-Da-Gama, Goa – 403802, India |
|
PAN No.: |
AAEFD3980E |
|
|
|
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Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
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Joint venture : |
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|
|
|
|
Holding company : |
Indus Ferro-Tech Limited |
|
|
|
|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives : |
|
CAPITAL STRUCTURE
AS ON 28.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
39000000 |
Equity Shares |
Rs. 10/- each |
Rs. 390.000 Million |
|
1000000 |
Preference Shares |
Rs. 10/- each |
Rs. 10.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 400.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25036958 |
Equity Shares |
Rs. 10/-
each |
Rs. 250.370
Million |
|
|
|
|
|
AFTER 25.09.2013
Authorised Capital : Rs. 560.000 Million
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50073916 |
Equity Shares |
Rs. 10/-
each |
Rs. 500.739
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 |
250.370 |
250.370 |
250.370 |
|
(b) Reserves & Surplus |
1565.241 |
925.792 |
705.007 |
|
(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) |
1815.611 |
1176.162 |
955.377 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1251.862 |
814.100 |
624.855 |
|
(b) Deferred tax liabilities (Net) |
45.205 |
68.124 |
30.423 |
|
(c) Other long term
liabilities |
1.489 |
4.729 |
6.279 |
|
(d) long-term
provisions |
18.840 |
18.445 |
18.215 |
|
Total Non-current
Liabilities (3) |
1317.396 |
905.398 |
679.772 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
830.550 |
649.822 |
587.684 |
|
(b) Trade
payables |
419.169 |
467.673 |
365.263 |
|
(c) Other
current liabilities |
376.099 |
213.496 |
130.076 |
|
(d) Short-term
provisions |
219.015 |
118.548 |
107.772 |
|
Total Current
Liabilities (4) |
1844.833 |
1449.539 |
1190.795 |
|
|
|
|
|
|
TOTAL |
4977.840 |
3531.099 |
2825.944 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
946.389 |
965.384 |
1014.341 |
|
(ii)
Intangible Assets |
10.022 |
7.463 |
4.046 |
|
(iii)
Capital work-in-progress |
1487.333 |
650.830 |
43.225 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
18.891 |
15.923 |
13.808 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
173.208 |
136.309 |
133.799 |
|
(e) Other
Non-current assets |
4.411 |
9.504 |
6.275 |
|
Total Non-Current Assets |
2640.254 |
1785.413 |
1215.494 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
789.417 |
544.431 |
498.880 |
|
(c) Trade
receivables |
1078.045 |
848.953 |
880.388 |
|
(d) Cash
and cash equivalents |
270.734 |
173.712 |
31.825 |
|
(e)
Short-term loans and advances |
174.197 |
169.366 |
189.094 |
|
(f) Other
current assets |
25.193 |
9.224 |
10.263 |
|
Total
Current Assets |
2337.586 |
1745.686 |
1610.450 |
|
|
|
|
|
|
TOTAL |
4977.840 |
3531.099 |
2825.944 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5259.522 |
4087.550 |
4282.137 |
|
|
|
Other Income |
82.303 |
60.572 |
50.412 |
|
|
|
TOTAL (A) |
5341.825 |
4148.122 |
4332.549 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1983.981 |
1651.756 |
1777.670 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(119.605) |
(50.191) |
23.419 |
|
|
|
Employees benefits expense |
325.437 |
320.244 |
327.549 |
|
|
|
Other expenses |
1875.126 |
1507.270 |
1647.937 |
|
|
|
TOTAL (B) |
4064.939 |
3429.079 |
3776.575 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
1276.886 |
719.043 |
555.974 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
104.007 |
151.997 |
123.060 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1172.879 |
567.046 |
432.914 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
134.048 |
126.059 |
98.802 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
1038.831 |
440.987 |
334.112 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
35.445 |
176.265 |
111.338 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
1003.386 |
264.722 |
222.774 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1563.999 |
1336.073 |
1353.423 |
|
|
TOTAL EARNINGS |
1563.999 |
1336.073 |
1353.423 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
40.08 |
10.57 |
8.90 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
19.07
|
6.48 |
5.20 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
24.28
|
17.59 |
12.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
29.92 |
15.40 |
12.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.57 |
0.37 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debts/Networth) |
|
1.15 |
1.24 |
1.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.20 |
1.35 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
250.370 |
250.370 |
250.370 |
|
Reserves & Surplus |
705.007 |
925.792 |
1565.241 |
|
Net
worth |
955.377 |
1176.162 |
1815.611 |
|
|
|
|
|
|
long-term borrowings |
624.855 |
814.100 |
1251.862 |
|
Short term borrowings |
587.684 |
649.822 |
830.550 |
|
Total
borrowings |
1212.539 |
1463.922 |
2082.412 |
|
Debt/Equity
ratio |
1.269 |
1.245 |
1.147 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
4282.137 |
4087.550 |
5259.522 |
|
|
|
(4.544) |
28.672 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
4282.137 |
4087.550 |
5259.522 |
|
Profit |
222.774 |
264.722 |
1003.386 |
|
|
5.20% |
6.48% |
19.08% |
LOCAL AGENCY FURTHER INFORMATION
NOTE: CURRENT MATURITY LONG TERM DEBT DETAILS ARE 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 |
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 |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
Yes |
|
21] |
Market information |
------ |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
------- |
|
26] |
Buyer visit details |
------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
|
Case Details |
|||
|
Bench:- Bombay |
|||
|
Stamp No.:- FAST/32038/2011 Filling Date :- 02/12/2011 Reg. No.:- FA/54/2013 Reg. No.:- 17/01/2013 |
|||
|
Petitioner:- |
ICICI LOMBARD GENERAL INSURANCE COMPANY |
Respondent:- |
2) D.Y. GENERAL MANAGER, GHATGE PAIL
INDUSTRIES LIMITED |
|
Petn.Adv:- |
KMT LEGAL VENTURE (0) |
Res. Adv.:- |
A.M. KULKARNI (FOR RESP. NO. 1) (0) |
|
District:- |
KOLHAPUR |
||
|
Bench:- |
SINGLE |
|
|
|
Status:- |
Admitted (Unready) |
||
|
Last Date .:- |
29/01/2013 |
Stage.:- APPEALS FOR ADMISSION – FRESH [CIVIL SIDE MATTERS] |
|
|
Last Coram.:- HON’BLE SHRI JUSTICE SHRIHARI P. DAVARE |
|||
|
Act :- Motor Vehicles Act,1939 |
|||
OVERALL PERFORMANCE
AND OUTLOOK:
The Company has achieved a total turnover of Rs. 5,333.770 Million as compared to Rs. 4,143.240 Million in the previous year, registering a growth of 28.69%. The Profit before extraordinary items and tax is Rs. 1,038.830 Million as compared to Rs. 440.990 Million in previous year. The Profit after tax is Rs. 638.39 Million as compared to Rs. 264.720 Million in previous year. The Company has taken enormous efforts to reduce costs by utilizing the resources efficiently and effectively.
During the current year, the Company has successfully secured the tender for supply of industrial valves to domestic oil PSU corporations. The quality of products is well accepted and recognized by the industry and the Company looks forward to receive larger orders during the ensuing financial year.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10555059 |
23/01/2015 |
1,185,800.00 |
UNION BANK OF INDIA |
RAJARSHI SHAHU SADAN, STATION ROAD, KOLHAPUR, Maharashtra - 416003, INDIA |
C46666665 |
|
2 |
10513665 |
14/07/2014 |
450,000,000.00 |
UNION BANK OF INDIA |
RAJARSHI SHAHU SADAN, STATION ROAD, KOLHAPUR, Maharashtra - 416003, INDIA |
C15544810 |
|
3 |
10501452 |
25/03/2014 |
800,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
C05904461 |
|
4 |
10483563 |
30/09/2014 * |
310,000,000.00 |
Export-Import Bank of India |
CENTRE ONE BUILDING,FLOOR
21, WORLD TRADE CENTRE Maharashtra - 400005, INDIA |
C30604540 |
|
5 |
10480804 |
04/02/2014 |
50,000,000.00 |
THE FEDERAL BANK LTD |
RAJARAM ROAD, 1184E, TAKALA TAKALA, KOLHAPUR, Maharashtra - 416008, INDIA |
B97690234 |
|
6 |
10461998 |
29/10/2013 |
50,000,000.00 |
UNION BANK OF INDIA |
RAJARSHI SHAHU SADAN, STATION ROAD, KOLHAPUR, Maharashtra - 416005, INDIA |
B90237108 |
|
7 |
10450717 |
08/08/2013 |
925,000.00 |
Union Bank of India |
Station Road Branch, Station Road, Kolhapur, Maharashtra - 416003, INDIA |
B85599587 |
|
8 |
10450781 |
08/08/2013 |
925,000.00 |
Union Bank of India |
Station Road Branch, Station Road, Kolhapur, Maharashtra - 416003, INDIA |
B85625903 |
|
9 |
10394198 |
04/02/2014 * |
300,000,000.00 |
Export-Import Bank of India |
Centre One
Building, Floor 21, World Trade Centre Maharashtra - 400005, INDIA |
B97725881 |
|
10 |
10381766 |
04/02/2014 * |
840,000,000.00 |
UNION BANK OF INDIA |
RAJARSHI SHAHU SADAN, STATION ROAD, KOLHAPUR, Maharashtra - 416003, INDIA |
B97895932 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Deposits from others |
147.609 |
66.531 |
|
Deferred payment liabilities |
61.529 |
0.000 |
|
Rupee term loan from others |
58.872 |
60.500 |
|
SHORT TERM
BORROWINGS |
|
|
|
Deposits from others |
88.721 |
109.577 |
|
Deposits from directors |
10.285 |
13.575 |
|
Total |
367.016 |
250.183 |
FIXED ASSETS
- Land
- Buildings
- Plant and
Equipments
- Factory
Equipments
- Furniture and
Fixture
- Vehicles
- Office
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 records 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. 63.61 |
|
|
1 |
Rs. 96.56 |
|
Euro |
1 |
Rs. 69.18 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
48 |
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.