MIRA INFORM REPORT
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Report No. : |
336118 |
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Report Date : |
08.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ENPRO INDUSTRIES PRIVATE LIMITED
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Registered
Office : |
Plot No. A-17, H Block, MIDC, Pimpri, Pune – 411018, Maharashtra |
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Tel. No.: |
91-20 66313100/ 40739222/ 66113666/ 27472157 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
15.03.1999 |
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Com. Reg. No.: |
11-013421 |
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Capital Investment
/ Paid-up Capital : |
Rs. 50.432 Million |
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CIN No.: [Company Identification
No.] |
U74210PN1999PTC013421 |
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IEC No.: |
3193006203 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEE01528C |
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PAN No.: [Permanent Account No.] |
AAACE6137H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Mechanical Fluid Systems like
Lube Oil System, Chemical Injection System, Filtration Skids, etc. |
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No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
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 : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record. There seems dip in profit of the company during financial year 2014. However, the rating takes into consideration promoter’s extensive
experience in the mechanical fluid system marked by sound financial risk
profile and fair liquidity position of the company. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered normal 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
|
Rating Agency Name |
ICRA |
|
Rating |
Long term Fund based limits – Term Loans =
BBB- |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
February 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term based = A3 |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk. |
|
Date |
February 2015 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Manohar Bhamre |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-20-67308000 |
|
Date : |
07.08.2015 |
LOCATIONS
|
Registered Office : |
Plot No. A-17, H Block, MIDC, Pimpri, Pune – 411018, Maharashtra, India |
|
Tel. No.: |
91-20 66313100/ 40739222/ 66113666/ 27472157 |
|
Mobile No.: |
91-9765554982 [Mr. Murali Iyer] |
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Fax No.: |
91-20-27470909 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
|
|
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Branch Office : |
D 12/4, MIDC, Chinchwad, Pune – 411019, Maharashtra, India |
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Tel. No.: |
91-20-67308000/ 66113656/ 27478292 |
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Fax No.: |
91-20-27478292 |
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|
|
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Factory : |
Gat No.215/ 216/ 218/ 219, Alandi Markal, Pune – 412105, Maharashtra,
India |
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Area : |
5.5 Acres |
|
Location : |
Owned |
DIRECTORS
AS ON 07.08.2014
|
Name : |
Mr. Srikrishna Bhargav Karkare |
|
Designation : |
Managing director |
|
Address : |
378, Sector 24, PCNT, Nigdi, Pune – 411044, Maharashtra, India |
|
Date of Birth/Age : |
13.10.1959 |
|
Date of Appointment : |
15.03.1999 |
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PAN No.: |
ABJPK2889F |
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DIN No.: |
00409347 |
|
|
|
|
Name : |
Mrs. Alka Srikrishna Karkare |
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Designation : |
Whole-time director |
|
Address : |
378, Sector 24, PCNT, Nigdi, Pune – 411044, Maharashtra, India |
|
Date of Birth/Age : |
21.10.1959 |
|
Date of Appointment : |
15.03.1999 |
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PAN No.: |
ABJPK2888E |
|
DIN No.: |
00409408 |
KEY EXECUTIVES
|
Name : |
Mr. Manohar |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 07.08.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Srikrishna Bhargav Karkare |
3030000 |
60.08 |
|
Alka Srikrishna Karkare |
1817527 |
36.04 |
|
Siddharth Srikrishna Karkare |
97825 |
1.94 |
|
Anuj Srikrishna Karkare |
97823 |
1.94 |
|
|
|
|
|
Total |
5043175 |
100.00 |
AS ON 07.08.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Mechanical Fluid Systems like
Lube Oil System, Chemical Injection System, Filtration Skids, etc. |
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Products/ Services : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
· Japan · Singapore |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
· Brazil · Italy |
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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 |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· Navpad Steel Centre · Weir BDK Valves, a unit of Weir India Private Limited |
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Customers : |
Others
· Reliance Industries Limited · Siemens Limited |
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No. of Employees : |
350 (Approximately) |
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Bankers : |
· The Saraswat Co-Operative Bank Limited Pimpri Chinchwad
Branch, Chinchwad, Pune – 411018, Maharashtra, India · The Saraswat Co-Operative Bank Limited C-2, Kohinoor Estate Co-Operative Housing Society, Plot No. 12, Mula
Road. Sangamwadi, Pune - 411003, Maharashtra, India ·
Yes Bank Limited Hinjawadi Branch, Pune,
Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
R M Rajapurkar and Company Chartered Accountants |
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Address : |
1, Regent Avenue, Sambhaji Chowk, Pradhikaran, Pune,
Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AARPR6603D |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,250,000 |
Equity Shares |
Rs. 10/- each |
Rs. 52.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,043,175 |
Equity Shares |
Rs. 10/- each |
Rs. 50.432 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 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
50.432 |
50.432 |
50.432 |
|
(b) Reserves & Surplus |
365.524 |
363.611 |
334.159 |
|
(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 |
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Total
Shareholders’ Funds (1) + (2) |
415.956 |
414.043 |
384.591 |
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|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
150.433 |
119.677 |
101.805 |
|
(b) Deferred tax liabilities (Net) |
6.813 |
7.478 |
8.929 |
|
(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) |
157.246 |
127.155 |
110.734 |
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(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
514.358 |
358.381 |
527.701 |
|
(b)
Trade payables |
56.784 |
25.766 |
62.168 |
|
(c)
Other current liabilities |
412.299 |
49.074 |
196.159 |
|
(d)
Short-term provisions |
28.090 |
61.456 |
63.466 |
|
Total
Current Liabilities (4) |
1011.531 |
494.677 |
849.494 |
|
|
|
|
|
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TOTAL |
1584.733 |
1035.875 |
1344.819 |
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II.
ASSETS |
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|
|
|
(1) Non-current assets |
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|
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(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
451.165 |
467.176 |
419.675 |
|
(ii)
Intangible Assets |
1.888 |
0.844 |
1.320 |
|
(iii)
Capital work-in-progress |
0.000 |
3.599 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.025 |
0.025 |
5.025 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
2.652 |
2.590 |
2.750 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
455.730 |
474.234 |
428.770 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
592.913 |
165.761 |
393.203 |
|
(c)
Trade receivables |
205.787 |
216.496 |
325.877 |
|
(d)
Cash and cash equivalents |
83.580 |
32.318 |
44.326 |
|
(e)
Short-term loans and advances |
137.992 |
66.159 |
78.752 |
|
(f)
Other current assets |
108.731 |
80.907 |
73.891 |
|
Total
Current Assets |
1129.003 |
561.641 |
916.049 |
|
|
|
|
|
|
TOTAL |
1584.733 |
1035.875 |
1344.819 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
500.000
(Approx.) |
1059.940 |
1027.360 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA
|
NA
|
NA
|
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|
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|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
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|
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TOTAL |
NA
|
NA
|
NA
|
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|
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|
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|
|
PROFIT BEFORE
TAX |
NA |
44.250 |
91.350 |
|
|
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|
|
|
Less |
TAX |
NA |
14.483 |
30.240 |
|
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PROFIT AFTER TAX
|
6.513 |
29.767 |
61.110 |
|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
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Export Earnings [FOB basis] |
185.650 |
518.467 |
484.767 |
|
|
|
|
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IMPORTS |
|
|
|
|
|
|
|
Bought Outs |
NA |
91.512 |
141.421 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.29 |
5.90 |
15.14 |
|
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1600.000 |
|
|
|
|
|
Expected Sales (2015-2016): Rs. 2000.000 Million
The above information has been parted by Mr. Manohar Bhamre (Accounts
Executive)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
129.055 |
158.282 |
228.200 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA |
2.81 |
5.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
4.29 |
6.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.11 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.60 |
1.15 |
1.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.14 |
1.08 |
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 |
50.432 |
50.432 |
50.432 |
|
Reserves & Surplus |
334.159 |
363.611 |
365.524 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
384.591 |
414.043 |
415.956 |
|
|
|
|
|
|
Long-term borrowings |
101.805 |
119.677 |
150.433 |
|
Short term borrowings |
527.701 |
358.381 |
514.358 |
|
Total
borrowings |
629.506 |
478.058 |
664.791 |
|
Debt/Equity ratio |
1.637 |
1.155 |
1.598 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10579772 |
18/06/2015 |
10,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2 KOHINOOR ESTATE CO-OPERATIVE HOUSING
SOCIETY, |
C58813452 |
|
2 |
10579779 |
18/06/2015 |
22,500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2 KOHINOOR ESTATE CO-OPERATIVE HOUSING
SOCIETY, |
C58814237 |
|
3 |
10579785 |
18/06/2015 |
10,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2 KOHINOOR ESTATE CO-OPERATIVE HOUSING
SOCIETY, |
C58818055 |
|
4 |
10542047 |
02/12/2014 |
462,000.00 |
STATE BANK OF INDIA |
SMECCC, PUNE, PUNE, MAHARASHTRA - 411017,
INDIA |
C39951686 |
|
5 |
10542049 |
02/12/2014 |
675,000.00 |
STATE BANK OF INDIA |
SMECCC, PUNE, PUNE, MAHARASHTRA - 411017,
INDIA |
C39952122 |
|
6 |
10542050 |
02/12/2014 |
871,000.00 |
STATE BANK OF INDIA |
SMECCC, PUNE, PUNE, MAHARASHTRA - 411017,
INDIA |
C39952387 |
|
7 |
10542051 |
02/12/2014 |
911,000.00 |
STATE BANK OF INDIA |
SMECCC, PUNE, PUNE, MAHARASHTRA - 411017,
INDIA |
C39952700 |
|
8 |
10527867 |
17/10/2014 |
100,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY,
PLOT NO.12, MULA ROAD, SANGAMWADI, PUNE, MAHARASHTRA - 411003, INDIA |
C31274848 |
|
9 |
10488467 |
18/03/2014 |
1,090,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
THE SARASWAT CO-OPERATIVE BANK LIMITED, KARVE
ROAD, PUNE, MAHARASHTRA - 411004, INDIA |
C02315265 |
|
10 |
10488470 |
18/03/2014 |
1,090,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
THE SARASWAT CO-OPERATIVE BANK LIMITED,
KARVE ROAD, PUNE, MAHARASHTRA - 411004, INDIA |
C02315638 |
|
11 |
10488471 |
18/03/2014 |
1,090,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
THE SARASWAT CO-OPERATIVE BANK LIMITED,
KARVE ROAD, PUNE, MAHARASHTRA - 411004, INDIA |
C02316511 |
|
12 |
10449597 |
26/08/2013 |
41,500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2 KOHINOOR ESTATE CO-OPERATIVE HOUSING
SOCIETY,, |
B85228658 |
|
13 |
10429557 |
28/03/2013 |
140,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD. |
C-2 KOHINOOR ESTATE CO-OPERATIVE HOUSING
SOCIETY,, |
B73791071 |
|
14 |
10421914 |
28/03/2013 |
6,200,000.00 |
THE SARASWAT CO-OPERTIVE BANK LTD. |
C-2 KOHINOOR ESTATE CO-OPERATIVE HOUSING
SOCIETY,, |
B73791659 |
|
15 |
10334429 |
11/04/2011 |
581,914.00 |
THE SARASWAT CO - OPERATIVE BANK LIMITED |
F C ROAD BRANCH,, PUNE, MAHARASHTRA -
411004, INDIA |
B27297472 |
|
16 |
10181646 |
30/09/2009 |
185,100,000.00 |
STATE BANK OF INDIA |
GRESHAM HOUSE, SIR P.M. ROAD, FORT, MUMBAI,
MAHARASHTRA - 400001, INDIA |
A71955413 |
|
17 |
10130983 |
01/11/2008 |
5,000,000.00 |
FIRST LEASING CO OF INDIA LIMITED |
749, ANNA SALAI,CHENNAI-2., TAMILNADU,
TAMILNADU, |
A51411015 |
|
18 |
10116228 |
03/07/2008 |
1,283,800.00 |
THE SARASWAT CO - OPERATIVE BANK LIMITED |
F C ROAD BRANCH, PUNE, MAHARASHTRA - 411004,
INDIA |
A43218882 |
|
19 |
80018353 |
30/03/2015 * |
1,220,000,000.00 |
STATE BANK OF INDIA |
GRESHAM HOUSE, SIR P.M. ROAD, FORT, MUMBAI,
MUMBAI, MAHARASHTRA - 400001, INDIA |
C51314995 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Other loans and advances |
5.200 |
4.300 |
|
|
|
|
|
Total |
5.200 |
4.300 |
FIXED ASSETS:
· Land
· Buildings
· Office building
· Factory building
· Plant and equipment
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
· Other equipments
· Books periodicals
· Computer software
· Trade marks
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. 63.81 |
|
|
1 |
Rs. 98.93 |
|
Euro |
1 |
Rs. 69.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.