MIRA INFORM REPORT
|
Report No. : |
337794 |
|
Report Date : |
22.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
CLEAN SCIENCE AND TECHNOLOGY PRIVATE LIMITED (w.e.f. 25.08.2006) |
|
|
|
|
Formerly Known
As : |
SRI DISTIKEMI PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shubham Navin Nagar Road, Sangamner – 422605, Maharashtra |
|
Tel. No.: |
91-20-26899953 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
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Date of Incorporation
: |
07.11.2003 |
|
|
|
|
Com. Reg. No.: |
11-018532 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.14.157
Million |
|
|
|
|
IEC No.: |
3106016906 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24114PN2003PTC018532 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEC06945B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS9799K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Chemical. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
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Comments : |
Subject is an established company having a fine track. Financial position of the company seems to be decent. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be regular and as per commitments. The company can be considered for normal business dealing 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 |
Have moderate degree of safety and carry
moderate credit risk |
|
Date |
10.06.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A2 |
|
Rating Explanation |
Have strong degree of safety and carry low
credit risk |
|
Date |
10.06.2015 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Shridhar |
|
Designation : |
Account Department |
|
Contact No.: |
91-20-26899953 |
|
Date : |
19.08.2015 |
LOCATIONS
|
Registered Office : |
Shubham Navin Nagar Road, Sangamner – 422605, Maharashtra, India |
|
Tel. No.: |
91-20-26899953 |
|
Fax No.: |
91-20-26898894 |
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E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Office No. 503, 5th Floor, Pentagon Tower 4, Magarpatta Road,
Hadapsar, Pune – 411028, Maharashtra, India |
|
Tel. No.: |
91-20-26899953/26898122 |
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Fax No.: |
91-20-26898894 |
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E-Mail : |
|
|
|
|
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Factory : |
Plot No. D-28, MIDC, Kurkumbh, District Pune – 413802, Maharashtra,
India |
DIRECTORS
As on 18.09.2014
|
Name : |
Mr. Pradeep Ramwilas Rathi |
|
Designation : |
Chairman and Independent Director |
|
Address : |
2, Boat Club Road, Pune – 411001, Maharashtra, India |
|
Date of Birth/Age : |
20.05.1953 |
|
|
AARPR3934M |
|
Qualification : |
B.Sc, M.S. (Chemical Engineering) - MIT,
USA. MBA – Columbia University, USA. |
|
Experience : |
30 years in the Chemical Industry. |
|
Date of Appointment : |
15.12.2006 |
|
DIN No.: |
00018577 |
|
|
|
|
Name : |
Mr. Sanjay Kothari |
|
Designation : |
Independent Director |
|
Address : |
Flat No.1402, 14th Floor, Gundecha Garden, D-wing, Bombay
gas Compound, Lalbaug, Mumbai – 400012, Maharashtra, India |
|
Date of Birth/Age : |
04.11.1963 |
|
|
AADPK2102L |
|
Qualification : |
B.Com. (Hons), FCA, FCS, ACWA, DBF
(ICFAI) |
|
Experience : |
20 years in Finance Industry |
|
Date of Appointment : |
29.09.2010 |
|
DIN No.: |
00258316 |
|
|
|
|
Name : |
Mr. Krishnakumar Ramnarayan Boob |
|
Designation : |
Executive Director |
|
Address : |
Shubham, Behind Tulsi Market, New Nagar Road, Sangamner – 422605,
Maharashtra, India |
|
Date of Birth/Age : |
31.05.1955 |
|
Qualification : |
B.Pharma - University of Mumbai, India |
|
Experience : |
25 years in the Chemical Industry |
|
Date of Appointment : |
07.11.2003 |
|
DIN No.: |
00410672 |
|
|
|
|
Name : |
Mr. Ashok Ramnarayan Boob |
|
Designation : |
Managing Director |
|
Address : |
House No.1588, Ashok Chock, Sangamner, Ahmednagar – 422605,
Maharashtra, India |
|
Date of Birth/Age : |
02.09.1953 |
|
|
AAUPB0819L |
|
Qualification : |
B.Chem. Engineering - ICT, Mumbai, India |
|
Experience : |
30 years in the chemical industry |
|
Date of Appointment : |
28.07.2007 |
|
DIN No.: |
00410740 |
|
|
|
|
Name : |
Mr. Ganpathi Dadasaheb Yadav |
|
Designation : |
Independent Director |
|
Address : |
Flat No.7, University Staff Quarters, UDCT Campus, R A Kidwai Road,
Matunga, Mumbai – 400019, Maharashtra, India |
|
Date of Birth/Age : |
14.09.1952 |
|
Qualification : |
B.Chem. Engineering and Ph.D Technology,
ICT, Mumbai, India. |
|
Experience : |
25 years in the field of Catalyst
Chemistry |
|
Date of Appointment : |
15.12.2006 |
|
DIN No.: |
02235661 |
|
|
|
|
Name : |
Mr. Siddhartha Ashokkumar Sikchi |
|
Designation : |
Executive Director |
|
Address : |
12, Shilp Nagar, Railway Station Road, Behind Dr. Dumir Hospital,
Aurangabad – 431005, Maharashtra, India |
|
Date of Birth/Age : |
06.11.1981 |
|
|
AYPSA2422E |
|
Qualification : |
M.Sc. (Synthetic Organic Chemistry) - University
of Manitoba, Canada. B.Tech - ICT, Mumbai |
|
Experience : |
7 years in the Chemical Industry |
|
Date of Appointment : |
15.12.2006 |
|
DIN No.: |
02351154 |
KEY EXECUTIVES
|
Name : |
Mr. Shridhar |
|
Designation : |
Account Department |
|
|
|
|
Name : |
Mr. Pradeep Ramwilas Rathi |
|
Designation : |
Chairman |
MAJOR SHAREHOLDERS
As on 18.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Krishnakumar Ramnarayan Boob |
|
213065 |
|
Ashok Ramnarayan Boob |
|
307480 |
|
Asha Ashok Boob |
|
270890 |
|
Nidhi Ashok Boob |
|
20 |
|
Parth Ashok Boob |
|
20 |
|
Neelima Krishna Boob |
|
61020 |
|
Shraddha Krishna Boob |
|
20 |
|
Pooja Krishna Boob |
|
20 |
|
Prasad Krishna Boob |
|
20 |
|
Siddhartha Ashok Boob |
|
45006 |
|
Asha Ashok Sikchi |
|
35104 |
|
Ashok Sikchi |
|
31382 |
|
Ashok R Sikchi (HUF) |
|
172876 |
|
Nandita Sikchi |
|
30400 |
|
Kunal Sikchi |
|
34504 |
|
Anantroop Financial Advisory Services Private Limited, India |
|
69678 |
|
Ganapati Dadasaheb Yadav |
|
3000 |
|
Dilip Digambar Ravetkar |
|
3000 |
|
Krishna Boob (HUF) |
|
54600 |
|
Ashok R. Boob (HUF) |
|
83622 |
|
Total |
|
1415727 |
As on 18.09.2014
|
Category |
Percentage |
|
Bodies corporate |
4.92 |
|
Directors or relatives of Directors |
94.87 |
|
Other top fifty shareholders |
0.21 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Chemical. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Chemicals |
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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, Cheque and Credit (60/ 90 Days) |
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Purchasing : |
Cash, Cheque and Credit (60/ 90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
250 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
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Auditors : |
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|
Name : |
Sanjay S Rathi and Company Chartered Accountants |
|
Address : |
1st Cross Lane, New Nagar Road, Sangamner - 422605,
Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AATFM8591M |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
CIN
No.: U74900PN2013PTC149834 |
CAPITAL STRUCTURE
As on 18.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1415727 |
Equity Shares |
Rs.10/- each |
Rs.14.157
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 |
14.157 |
14.157 |
14.157 |
|
(b) Reserves & Surplus |
453.653 |
228.394 |
92.616 |
|
(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) |
467.810 |
242.551 |
106.773 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
154.342 |
137.447 |
120.327 |
|
(b) Deferred tax liabilities (Net) |
40.864 |
22.027 |
16.946 |
|
(c) Other long term
liabilities |
0.000 |
30.422 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
195.206 |
189.896 |
137.273 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
111.910 |
129.170 |
69.061 |
|
(b) Trade
payables |
68.553 |
56.875 |
43.867 |
|
(c) Other
current liabilities |
160.737 |
62.303 |
51.162 |
|
(d) Short-term
provisions |
3.332 |
2.964 |
1.147 |
|
Total Current
Liabilities (4) |
344.532 |
251.312 |
165.237 |
|
|
|
|
|
|
TOTAL |
1007.548 |
683.759 |
409.283 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
428.029 |
267.575 |
202.233 |
|
(ii)
Intangible Assets |
1.101 |
3.193 |
4.072 |
|
(iii)
Capital work-in-progress |
0.030 |
74.047 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.099 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.773 |
3.801 |
1.591 |
|
(e) Other
Non-current assets |
9.610 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
441.642 |
348.616 |
207.896 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
188.490 |
170.576 |
97.221 |
|
(c) Trade
receivables |
254.874 |
118.332 |
74.335 |
|
(d) Cash
and cash equivalents |
41.402 |
6.383 |
6.600 |
|
(e)
Short-term loans and advances |
81.125 |
39.752 |
23.181 |
|
(f) Other
current assets |
0.015 |
0.100 |
0.050 |
|
Total
Current Assets |
565.906 |
335.143 |
201.387 |
|
|
|
|
|
|
TOTAL |
1007.548 |
683.759 |
409.283 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1198.600 |
695.383 |
335.892 |
|
|
|
Other Income |
10.948 |
11.107 |
0.363 |
|
|
|
TOTAL |
1209.548 |
706.490 |
336.255 |
|
|
|
|
|
|
|
|
Less |
EXPENSES TOTAL |
803.891 |
468.581 |
272.349 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
405.657 |
237.909 |
63.906 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
40.109 |
26.033 |
18.159 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
365.548 |
211.876 |
45.747 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
123.725 |
68.694 |
18.928 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
241.823 |
143.182 |
26.819 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
151.693 |
30.233 |
7.224 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
24.183 |
14.318 |
1.341 |
|
|
|
Dividend |
14.157 |
6.371 |
2.124 |
|
|
|
Tax on Dividend |
2.406 |
1.033 |
0.345 |
|
|
TOTAL |
40.746 |
21.722 |
3.810 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
352.770 |
151.693 |
30.233 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
784.253 |
399.021 |
218.076 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
196.717 |
46.816 |
|
|
|
Capital Goods |
NA |
1.500 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
198.217 |
46.816 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
170.81 |
101.14 |
18.94 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
1640.000 |
|
|
|
|
|
Reason: Due
to receive more order the sales turnover has increased in the year 2014-2015.
Expected Sales (2015-2016) : Rs.1800.000 Million
The above information has been parted by Mr. Shridhar (Account
Department)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
60.343 |
38.143 |
36.990 |
|
Cash generated from operations |
NA |
138.156 |
10.799 |
|
Net cash flow from operating activity |
207.778 |
81.105 |
1.792 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
20.18 |
20.59 |
7.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
36.29 |
34.75 |
11.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.78 |
0.87 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.70 |
1.10 |
1.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.64 |
1.26 |
2.12 |
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 |
14.157 |
14.157 |
14.157 |
|
Reserves & Surplus |
92.616 |
228.394 |
453.653 |
|
Net
worth |
106.773 |
242.551 |
467.810 |
|
long-term borrowings |
120.327 |
137.447 |
154.342 |
|
Short term borrowings |
69.061 |
129.170 |
111.910 |
|
Current Maturities of
Long-Term Debts |
36.990 |
38.143 |
60.343 |
|
Total
borrowings |
226.378 |
304.760 |
326.595 |
|
Debt/Equity
ratio |
2.120 |
1.256 |
0.698 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
335.892 |
695.383 |
1198.600 |
|
|
|
107.026 |
72.365 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
335.892 |
695.383 |
1198.600 |
|
Profit |
26.819 |
143.182 |
241.823 |
|
|
7.98% |
20.59% |
20.18% |
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 |
Yes |
|
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 |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long Term
Borrowing |
|
|
|
Deposits from others |
0.260 |
0.000 |
|
Loans and advances from others |
3.983 |
18.322 |
|
Total |
4.243 |
18.322 |
INDEX
OF CHARGES
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10447994 |
30/08/2013 |
352,700,000.00 |
State Bank of India Commercial Branch |
1548/A Off Tilak Road, Sadashiv Peth, Pune, Maharashtra - 411030, India |
B84539808 |
|
2 |
10431926 |
13/06/2013 * |
52,000,000.00 |
CITIBANK N. A. |
Ground Floor, 37/3, Onyx Tower, Near Westin Hotel, North Main Road, Koregaon Park, Pune, Maharashtra - 411001, India |
B81001885 |
|
3 |
10277449 |
12/06/2013 * |
404,700,000.00 |
State Bank of India Commercial Branch |
1548, Off Tilak Road, Sadashiv Peth, Pune, Maharashtra - 411030, India |
B78049616 |
FINANCIAL PERFORMANCE
During the year
company achieved turnover of Rs.1198.600 Million against Rs.695.400 Million as compared
to previous year. The company has earned net profit of Rs.241.800 Million for
the year against Rs.143.200 Million in the previous year. There is an increase
of 72% & 69% in turnover and profit respectively for the previous year.
BUSINESS OPERATION:
The company has increased the production capacity of its products by 40%
during the year. The final products are consistent with respect to quality and
yields.
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.65.82 |
|
|
1 |
Rs.103.38 |
|
Euro |
1 |
Rs.74.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.