MIRA INFORM REPORT

 

 

Report No. :

352941

Report Date :

10.12.2015

 

IDENTIFICATION DETAILS

 

Name :

R AND D MULTIPLES (METAL CAST) PRIVATE LIMITED

 

 

Formerly known as:

QUADRAT ENGINEERING INDUSTRIES PRIVATE LIMITED

 

 

Registered Office :

106, United Industrial Estate, Mogul Lane, Mahim (West), Mumbai – 400016, Maharashtra

Tel. No.:

91-22-40044425

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

23.08.1989

 

 

Com. Reg. No.:

11-053151

 

 

Capital Investment / Paid-up Capital :

Rs. 0.515 Million

 

 

CIN No.:

[Company Identification No.]

U27100MH1989PTC053151

 

 

IEC No.:

0311006493

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMR14717D

 

 

PAN No.:

[Permanent Account No.]

AAACR3932P

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Valve and Gear Boxes. (From Confirmed by Management)

 

 

No. of Employees :

260 (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

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear 

 

 

Comments :

Subject is ISO 9001:2000 certified company incorporate in the year 1989 and it is having satisfactory track record. It is engaged into manufacturer of Valve and Gear Boxes.

 

The rating on company’s reflects its healthy operational and financial profile along with good profitability margins during the years.

 

Rating further takes consideration on company’s satisfactory financial risk profile marked by decent capital structure, improved cash and bank balance along with comfortable debt protection metrics.

 

The rating is constrained by susceptibility of profitability margins to volatile raw material prices and presence in highly competitive industry.

 

Trade relations are fair. Business is active. Payment terms are reported as usually correct.

 

In view of aforesaid, the company 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.

 

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

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

CARE

Rating

Long term Bank facilities = BB

Rating Explanation

Inadequate-credit-quality and high credit risk

Date

14.04.2015

 

Rating Agency Name

CARE

Rating

Short term Bank facilities = A4

Rating Explanation

Minimal degree of safety and very high credit risk

Date

14.04.2015

 

 

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 31-03-2015.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Kirit Bhanushali

Designation :

Accounts Manager

Contact No.:

91-22-40044425

Date :

07.12.2015

 

 

LOCATIONS

 

Registered Office :

106, United Industrial Estate, Mogul Lane, Mahim (West), Mumbai – 400016, Maharashtra, India 

Tel. No.:

91-22-40044425-29

Fax No.:

91-22-4004 4430

E-Mail :

mumbai@rdmultiples.com
pardi@rdmultiples.com

rdmultiples@gmail.com

Website :

http://www.rdmultiples.com

Location :

Owned

 

 

Factory 1 :

 A-1/17, GIDC, Pardi, District Valsad - 396125, Gujarat, India

 

 

Factory 2 :

Survey No. 304, Village Balda, Pardi, District Valsad - 396125, Gujarat, India

 

 

Engineering Office :

C2-403, Saudamini Complex, Srl. No. 101/1, Bhusari Colony, Paud Road, Kothrud, Pune - 411038, Maharashtra, India

E-Mail :

pune@rdmultiples.com

 

 

Regional Sales Offices :

Located at:

 

Ahmedabad 

Hyderabad

Lucknow

Chennai

Delhi 

Kolkata

Jaipur

Mumbai

 

 

DIRECTORS

 

AS ON 30.09.2015

 

Name :

Mr. Sunil Purushottam Bagaria

Designation :

Director

Address :

No.4 Nutandeep Co-Operative Housing Society Limited Prabhat Colony, Road No. 6, Santacruz (East), Mumbai - 400055, Maharashtra, India

Date of Birth/Age :

18.05.1959

Qualification :

Graduate

Date of Appointment :

08.07.2000

DIN No.:

00866590

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Company/ LLP Status

Defaulting status

1

U28910MH1980PTC023321

R AND D MULTIPLES (VALVES) PRIVATE LIMITED

Director

08/07/2000

08/07/2000

Active

NO

2

U27100MH1989PTC053151

R AND D MULTIPLES (METAL-CAST) PRIVATE LIMITED

Director

08/07/2000

08/07/2000

Active

NO

 

 

Name :

Mr. Sandeep Purushottam Bagaria

Designation :

Director

Address :

No.4, Nutandeep Co-Operative Housing Society, Prabhat Colony, Road No. 6, Santacruz (East), Mumbai -400055, Maharashtra, India

Date of Birth/Age :

08.03.1964

Qualification :

Graduate

Date of Appointment :

08.07.2000

DIN No.:

00867086

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Company/ LLP Status

Defaulting status

1

U28910MH1980PTC023321

R AND D MULTIPLES (VALVES) PRIVATE LIMITED

Director

08/07/2000

08/07/2000

Active

NO

2

U27100MH1989PTC053151

R AND D MULTIPLES (METAL-CAST) PRIVATE LIMITED

Director

08/07/2000

08/07/2000

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Kirit Bhanushali

Designation :

Accounts Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 31.03.2015

 

Names of Shareholders

No. of Shares

 

Bagaria P. Sunil

1332

Bagaria P. Sandeep

833

Bagaria S. Usha

1486

Bagaria S. Santosh

1486

Bagaria P. Geetadevi

1

Bagaria M. Purushottam

1

Bhanshali V. Kirit

1

Taksali S. Tarachand

1

Taksali S. Bina

1

Kalpataru Diamond Private Limited, India

1

R & D Multiples(Valves) Private Limited, India

1

Manglam Exports

1

Tarachand Taksali - HUF

1

Marudhar Diamond Private Limited, India

1

Landle Agencies Limited, India

1

Antique Exim Private Limited, India

1

Bagaria S. Neha

1

 

 

Total

 

5150

 

 

AS ON 30.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Directors or relatives of directors

100.00

 

 

Total

 

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Valve and Gear Boxes. (From Confirmed by Management)

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

--

 

 

Imports :

 

Products :

Raw Material

Countries :

China

 

 

Terms :

 

Selling :

Cheque and Credit 30 Days)

 

 

Purchasing :

Cheque and Credit 30 Days)

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

Wholesalers and End Users

 

Reference:

Larsen and Tubro

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

·         Pahadpur Cooling Tower

Flotech

 

 

No. of Employees :

260 (Approximately)

 

 

Bankers :

Bank Name:

Indus Ind Bank

Branch:

J. B. Nagar, Andheri Branch, Mumbai, Maharashtra, India

Person Name (with Designation):

Not Divulged

Contact Number:

91-22-67412500 (Ringing Continuously)

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

Account Since (Date/ Year of A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

BG = Rs.150.000 Million

Cash Credit = Rs. 90.000 Million

Letter of Credit = Rs. 25.000 Million

TL = Rs. 50.000 Million

Account Operation:

Not Divulged

Remarks:

Not verified from Bank

 

LUnion Bank of India

Mahim (West) Branch, Plot No.337, Carol Mansion, 35, Sitladevi Temple Road, Mahim (West), Mumbai - 400016, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2015

(Rs. In Million)

31.03.2014

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Term Loan from UBI

 

0.000

UBI Car Loan

(Secured against Vehicles)

 

0.754

Term Loan from Union Bank of India

(Secured against specified Plant and Machinery)

 

0.000

Union Bank of India A/c Car Loan

 

0.683

Term Loan from Union Bank of India

 

 

14.860

Less: Current maturities of long term borrowing

 

0.547

 

 

 

SHORT TERM BORROWINGS

 

 

Cash credit facilities from UBI

(Secured against hypothecation of stock and book debts)

 

89.700

Bill discounting facilities from UBI

(secured against E.M and factory land and building at pardl)

 

13.111

 

 

 

Total

 

NA

118.561

 

Auditors :

 

Name :

Shankarlal Jain and Associates LLP

Chartered Accountants

Address :

12, Engineer Building, 265, Princess Street, Mumbai – 400002, Maharashtra, India

Tel. No.:

91-22-22036623/ 22065739

Fax No.:

91-22-22086269

E-Mail :

infa@sljainindia.com

Income-tax PAN of auditor or auditor's firm :

AACFS6967Q

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2015

 

Authorised Capital : NA

 

Issued, Subscribed & Paid-up Capital : Rs. 0.515 Million

 

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

200,000

Equity Shares

Rs. 100/- each

Rs. 20.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

5,150

Equity Shares

Rs. 100/- each

Rs. 0.515 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2015

31.03.2014

31.03.2013

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

0.515

0.515

0.496

(b) Reserves & Surplus

97.042

86.681

71.404

(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)

97.557

87.196

71.900

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

62.485

36.332

31.326

(b) Deferred tax liabilities (Net)

0.000

0.113

0.058

(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)

62.485

36.445

31.384

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

127.748

105.814

124.160

(b) Trade payables

222.223

206.774

208.893

(c) Other current liabilities

17.581

6.745

18.938

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

367.552

319.333

351.991

 

 

 

 

TOTAL

527.594

442.974

455.275

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

32.412

38.291

37.457

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

53.032

14.143

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.307

0.307

0.307

(c) Deferred tax assets (net)

0.574

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

86.325

52.741

37.764

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

63.243

56.564

2.515

(c) Trade receivables

343.177

301.608

400.371

(d) Cash and cash equivalents

18.190

15.242

18.638

(e) Short-term loans and advances

16.659

16.819

(4.013)

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

441.269

390.233

417.511

 

 

 

 

TOTAL

527.594

442.974

455.275

 

 

PROFIT & LOSS ACCOUNT

                       

 

PARTICULARS

 

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

 

Revenue from Operations

571.727

489.581

621.114

 

 

Other Income

4.798

3.970

4.304

 

 

TOTAL                                     (A)

576.525

493.551

625.418

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

366.630

300.100

367.949

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(4.477)

(18.633)

0.000

 

 

Other manufacturing expenses

95.558

104.464

122.462

 

 

Employees benefits expense

18.090

15.968

13.628

 

 

Administrative and Other expenses

59.136

49.494

59.497

 

 

TOTAL                                     (B)

534.937

451.393

563.536

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)      (C)

41.588

42.158

61.882

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

21.418

18.837

15.714

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                               (E)

20.170

23.321

46.168

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

5.863

5.327

4.932

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)                 (G)

14.307

17.994

41.236

 

 

 

 

 

Less

TAX                                                                  (H)

3.714

5.423

13.821

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX (G-H)                  (I)

10.593

12.571

27.415

 

 

 

 

 

 

Earnings Per Share (Rs.)

2056.98

2440.98

5524.91

 

Expected Sales (2014-2015): Rs. 1000.000 Million (Due to market fluctuation)

 

The above information has been parted by Mr. Kirit Bhanushali (Accounts Manager)

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2015

31.03.2014

31.03.2013

Current Maturities of Long term Borrowing

NA

0.547

2.078

 

 

 

 

Cash Generated from Operating Activities

NA

51.363

(42.002)

 

 

 

 

Net Cash Generated from used in Operating Activities

NA

37.458

(46.912)

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

(PAT / Sales)

(%)

1.85

2.57

4.41

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

7.27

8.61

9.96

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

3.02

4.20

9.06

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.15

0.21

0.57

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

1.95

1.64

2.19

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.20

1.22

1.19

 

 

 

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

0.496

0.515

0.515

Reserves & Surplus

71.404

86.681

97.042

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

71.900

87.196

97.557

 

 

 

 

Long-term borrowings

31.326

36.332

62.485

Short term borrowings

124.160

105.814

127.748

Total borrowings

157.564

142.693

190.233

Debt/Equity ratio

2.191

1.636

1.950

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

621.114

489.581

571.727

 

 

(21.177)

16.779

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

621.114

489.581

571.727

Profit

27.415

12.571

10.593

 

4.41%

2.57%

1.85%

 

 

 

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

No

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

No

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%

Yes

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

10564159

27/03/2015

20,000,000.00

UNION BANK OF INDIA

MAHIM (WEST) BRANCH, PLOT NO.337, CAROL MANSION, 35, SITLADEVI TEMPLE ROAD, MAHIM (WEST),, MUMBAI - 400016, 
MAHARASHTRA, INDIA

C51144756

2

10484735

24/02/2014

15,000,000.00

UNION BANK OF INDIA

MAHIM (WEST) BRANCH, PLOT NO.337, CAROL MANSION, 35, SITLADEVI TEMPLE ROAD, MAHIM (WEST), MUMBAI - 400016, 
MAHARASHTRA, INDIA

C00458166

3

10472128

23/12/2013

49,000,000.00

UNION BANK OF INDIA

MAHIM (WEST) BRANCH, 337, CAROL MANSION,, 35, SITLA DEVI TEMPLE ROAD, MAHIM (WEST), MUMBAI - 400016, MAHARASHTRA, INDIA

B94228772

4

10296409

08/08/2012 *

305,805,000.00

UNION BANK OF INDIA

MAHIM BRANCH, CAROL MANSION, 35, SITALADEVI TEMPLE ROAD, MAHIM (WEST), MUMBAI - 400016, MAHARASHTRA, INDIA

B56495427

5

10293950

08/06/2011

4,500,000.00

UNION BANK OF INDIA

MAHIM BRANCH, CAROL MANSION, 35, SITALADEVI TEMPLE ROAD, MAHIM (WEST), MUMBAI - 400016, MAHARASHTRA, INDIA

B15699119

6

10251142

05/10/2010

157,265,000.00

UNION BANK OF INDIA

MAHIM BRANCH, CAROL MANSION, 35, SITALADEVI TEMPLE ROAD, MAHIM (WEST), MUMBAI - 400016, MAHARASHTRA, INDIA

A97953152

7

10106747

29/05/2008

8,000,000.00

UNION BANK OF INDIA

MAHIM BRANCH, CAROL MANSION,, 35, SITLADEVI TEMPL 
E ROAD, MAHIM (WEST), MUMBAI - 400016, MAHARASHTRA, INDIA

A39672209

8

10072663

24/09/2007

8,000,000.00

UNION BANK OF INDIA

MAHIM BRANCH, CAROL MANSION,, 35 SITALADEVI TEMPL 
E ROAD, MAHIM (WEST), MUMBAI - 400016, MAHARASHTRA, INDIA

A25320516

9

10010178

21/07/2006

4,000,000.00

UNION BANK OF INDIA

MAHIM BRANCH, CAROL MANSION,, 35 SITALADEVI TEMPL 
E ROAD, MAHIM (WEST), MUMBAI - 400016, MAHARASHTRA, INDIA

A02432623

10

10010694

08/08/2012 *

100,000,000.00

UNION BANK OF INDIA

MAHIM BRANCH, CAROL MANSION,, 35, SITALADEVI TEMPLE ROAD, MAHIM (WEST),, MUMBAI - 400016, MAHARASHTRA, INDIA

B56496169

11

10010123

23/12/2013 *

80,000,000.00

UNION BANK OF INDIA

MAHIM (WEST) BRANCH, 337, CAROL MANSION,, 35, SITLA DEVI TEMPLE ROAD, MAHIM (WEST), MUMBAI - 400016, MAHARASHTRA, INDIA

B94331121

12

10010122

23/12/2013 *

379,000,000.00

UNION BANK OF INDIA

MAHIM (WEST) BRANCH, 337, CAROL MANSION, 35, SITLA DEVI TEMPLE ROAD, MAHIM (WEST), MUMBAI - 400016, MAHARA SHTRA, INDIA

B94228608

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2015

(Rs. In Million)

31.03.2014

(Rs. In Million)

LONG-TERM BORROWINGS

 

From NBFC

 

4.795

From Body Corporates

 

7.217

From shareholders

 

8.570

 

 

 

SHORT TERM BORROWINGS

 

 

Kotak Mahindra Bank

 

1.129

Standard chartered bank A/c R and D

 

1.874

 

 

 

Total

 

NA

23.585

 

 

BRIEF DESCRIPTION OF THE COMPANY’S WORKING DURING THE YEAR

 

The total revenue of the company has increased from Rs. 493.552 Million in the previous year to Rs. 576.525 Million in the current year. However due to increased in the total expenses, the net profit after tax has decreased from Rs. 12.571 Million the previous year to Rs. 10.593 in the current year.


FIXED ASSETS:

 

·         Land (Freehold)

·         Land at Pardi 

·         Land and Building

·         Office at Pune

·         Office Premises at Mumbai

·         Building

·         Plant and Machinery

·         Electrical Installation

·         Patterns

·         Air Conditioner

·         Computer and Software

·         Office Equipment’s

·         Furniture and Fixtures

·         Motor Car (Car and Luna) 

·         Scooter

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.66.75

UK Pound

1

Rs.100.29

Euro

1

Rs.72.89

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUV

 

 

Analysis Done by :

KAS

 

 

Report Prepared by :

ARC

 

 

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

--PROFITABILIRY

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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.