MIRA INFORM REPORT
|
Report No. : |
356145 |
|
Report Date : |
22.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
AQUARIUS ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Aquarius House Plot No 65, S No 297, Sheelavihar Colony, Erandwana,
Pune – 411038, Maharashtra |
|
Tel. No.: |
91-20-25445227 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
12.08.1997 |
|
|
|
|
Com. Reg. No.: |
11-110008 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 24.150 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29244PN1997PTC110008 |
|
|
|
|
IEC No.: |
3197014308 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNEA02409B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA2748L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture of concrete bathing plants and accessories. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “Aquarius” group. The group has two entities:
Putzmeister India Private Limited set up in 1998 and Aquarius Engineers
Private Limited set up in 1997. It has manufacturing facilities at Goa and
Pune (Maharashtra). The rating reflects company’s good financial risk profile supported by
low gearing and moderate debt protection metrics, and established market
position in the ready-mix concrete (RMC) handling equipment industry. This rating strength is partially offset by the company’s exposure to
intense industry competition and profitability to cyclicality in
infrastructure and construction industries, and its working-capital-intensive
operations. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with 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 bank facilities= BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
April, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term bank facilities= A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
April, 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 DENIED BY
|
Name : |
Ms. Namrata |
|
Designation : |
Office Executive |
|
Contact No.: |
91-20-25445227 |
|
Date : |
21.12.2015 |
LOCATIONS
|
Registered/ Head Office : |
Aquarius House, Plot No. 65, S No. 297,
Sheelavihar Colony, Off Karve Road, Erandavana, Pune – 411038,
Maharashtra, India |
|
Tel. No.: |
91-20-25445227 |
|
Mobile No.: |
91-9960366000 (Mr. Nitin Vaidya) |
|
Fax No.: |
91-20-25445228 |
|
E-Mail : |
|
|
Website : |
http://www.aquriusengineers.biz
|
|
Area : |
3500 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
190, 191 Kundaim Industrial Estate, Kundaim, Goa - 403115,
India |
|
Tel. No.: |
91-832-2396334 / 2395974 |
|
Fax No.: |
91-832-2396253 |
|
|
|
|
Factory 2 : |
Survey No. 480, 481, 482 Ambadvet, Taluka, Mulshi,
District Pune - 412115, Maharashtra, India |
|
Tel. No.: |
91-20-32348053 / 25171636 |
|
Fax No.: |
91-20-32348054 / 25171635 |
|
|
|
|
Warehouse : |
S No.532/1, At-Bhugaon Taluka-Mulshi, District Pune -
412115, Maharashtra, India |
|
E-Mail : |
|
|
|
|
|
Regional Offices : |
Located
at :
|
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Milind S. Bhadbhade |
|
Designation : |
Managing Director |
|
Address : |
7, Anand Baugh Society, Navi Peth, Pune – 411030, Maharashtra, India |
|
Date of Birth/Age : |
27.01.1955 |
|
Date of Appointment : |
15.09.2004 |
|
DIN No.: |
00254933 |
|
|
|
|
Name : |
Mr. Ashok V. Dikshit |
|
Designation : |
Director |
|
Address : |
12 Shamali Society, Prabhat Road, Pune – 411004, Maharashtra, India |
|
Date of Birth/Age : |
13.01.1953 |
|
Date of Appointment : |
16.08.1997 |
|
DIN No.: |
00254967 |
MAJOR SHAREHOLDERS
AS ON 31.03.2015
|
Names of Equity Shareholders |
No. of Shares |
|
Milind Bhadbhade |
1350000 |
|
Nita M. Bhadbhade |
150000 |
|
Ashok Dikshit |
15000 |
|
|
|
|
Total
|
1515000 |
|
Names of Preference Shareholders |
No. of Shares |
|
Relevant Infratech India Private Limited |
400000 |
|
Sulochana Phadke and Bhagyashree Deval |
100000 |
|
Subhash Phadke and Usha Phadke |
95000 |
|
Sulochana Phadke and Subhash Phadke |
50000 |
|
Ameya Food Chem Plast Sysytems Private Limited |
250000 |
|
Usha Subhash Phadke and Subhash Shivram Phadke |
5000 |
|
|
|
|
Total
|
900000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of concrete bathing plants and accessories. [Registered Activity] |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
NOTES: LONG TERM BORROWINGS 1)
Term Loan of Rs.2.228 million from HDFC Bank was
taken during the financial year 2014-15 and carries interest @13% p.a. the
loan is repayable on 60 monthly installments of Rs.0.037 million each along
with interest, from the date of loan. The loan is secured by hypothecation of
inventory and trade receivables of the company pertaining to trading
business. Further, the loan has been guaranteed by the company’s managing
director and director respectively. (Amount repayable during the next
financial year Rs.0.446 million) (Previous year NA) 2)
Term loan from banks as above include term loan
from HDFC Bank carries interest @13% p.a. secured against hypothecation of
Book Debts, Stock and Personal guarantee of the directors. (Amount repayable
during the next financial year Rs.1.616 million). (Previous Year Rs.5.474
Million) 3)
Reliance Capital loan Rs.0.232 million is secured
against mortgage of administration office situated at Pune. (Amount repayable
during the next financial year Rs.0.842 million). (Previous Year Rs.0.715
Million) 4)
Reliance capital loan Rs. 0.232 Million is
secured against mortgage of personal
property of Directors (Amount repayable during the next financial year Rs.
1.576 Million) (Previous year Rs.1.338 Million) SHORT TERM BORROWINGS Cash credit from banks is secured against hypothecation of book debts,
stock and personal guarantee of the directors. |
|
Auditors : |
|
|
Name : |
MZSK and Associates Chartered Accountant |
|
Address : |
Business Bay, Level 3, Plot No. 84, Wellesley Road, Near RTO, (Sangam Bridge),
Pune – 411001, Maharashtra, India |
|
Tel. No.: |
91-20-40186999 |
|
Fax No.: |
91-20-40186922 |
|
E-Mail : |
|
|
Website : |
|
|
PAN No.: |
AACFK3470E |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Enterprises in which KMP are interested : |
|
CAPITAL STRUCTURE
AS ON 30.09.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,950,000 |
Equity Shares |
Rs. 10/- each |
Rs. 19.500 Million |
|
3,050,000 |
Preference Shares |
Rs. 10/- each |
Rs. 30.500 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 50.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,515,000 |
Equity Shares |
Rs. 10/-
each |
Rs. 15.150
Million |
|
900,000 |
Preference Shares |
Rs. 10/-
each |
Rs. 9.000
Million |
|
|
|
|
|
|
|
Total |
|
Rs. 24.150 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 |
24.150 |
24.000 |
21.502 |
|
(b) Reserves & Surplus |
102.513 |
119.740 |
110.068 |
|
(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) |
126.663 |
143.740 |
131.570 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
25.943 |
28.691 |
44.097 |
|
(b) Deferred tax liabilities (Net) |
2.794 |
4.614 |
3.454 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
2.977 |
1.501 |
2.112 |
|
Total Non-current
Liabilities (3) |
31.714 |
34.806 |
49.663 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
78.213 |
79.053 |
89.454 |
|
(b) Trade
payables |
115.686 |
79.269 |
98.287 |
|
(c) Other
current liabilities |
54.583 |
32.377 |
40.969 |
|
(d) Short-term
provisions |
1.625 |
0.613 |
1.293 |
|
Total Current
Liabilities (4) |
250.107 |
191.312 |
230.003 |
|
|
|
|
|
|
TOTAL |
408.484 |
369.858 |
411.236 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
87.828 |
95.687 |
92.184 |
|
(ii)
Intangible Assets |
0.613 |
1.370 |
1.370 |
|
(iii)
Capital work-in-progress |
0.629 |
0.600 |
0.978 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.032 |
0.031 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
32.422 |
21.815 |
3.725 |
|
(e) Other
Non-current assets |
0.000 |
2.557 |
7.773 |
|
Total Non-Current
Assets |
121.524 |
122.060 |
106.030 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
10.073 |
|
(b)
Inventories |
169.626 |
133.002 |
146.860 |
|
(c) Trade
receivables |
102.318 |
102.927 |
88.389 |
|
(d) Cash
and cash equivalents |
2.299 |
5.395 |
38.767 |
|
(e) Short-term
loans and advances |
12.269 |
6.129 |
21.117 |
|
(f) Other
current assets |
0.448 |
0.345 |
0.000 |
|
Total
Current Assets |
286.960 |
247.798 |
305.206 |
|
|
|
|
|
|
TOTAL |
408.484 |
369.858 |
411.236 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
437.366 |
454.014 |
|
|
|
|
|
Other Income |
40.950 |
40.892 |
|
|
|
|
|
TOTAL (A) |
478.316 |
494.906 |
553.958 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
211.828 |
167.935 |
|
|
|
|
|
Purchase of Stock-in-trade |
104.594 |
111.626 |
|
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(31.378) |
10.222 |
|
|
|
|
|
Employee Benefits Expenses |
88.780 |
83.189 |
|
|
|
|
|
Other Expenses |
94.849 |
81.870 |
|
|
|
|
|
TOTAL (B) |
468.673 |
454.842 |
537.715 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
9.643 |
40.064 |
[Including
Financial Expenses] |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
13.803 |
16.852 |
|
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
(4.160) |
23.212 |
16.243 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
13.587 |
7.271 |
6.717 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(17.747) |
15.941 |
9.526 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
(1.820) |
5.081 |
3.358 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(15.927) |
10.860 |
6.168 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
FOB value of sales |
49.294 |
32.376 |
7.267 |
|
|
|
|
Commission Income |
0.000 |
1.286 |
0.000 |
|
|
|
TOTAL EARNINGS |
49.294 |
33.662 |
7.267 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
19.577 |
13.700 |
12.763 |
|
|
|
|
Stores & Spares |
15.065 |
11.243 |
7.337 |
|
|
|
TOTAL IMPORTS |
34.642 |
24.943 |
20.100 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
(10.51) |
7.17 |
2.55 |
||
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
4.478 |
7.526 |
10.793 |
|
Cash generated from operations |
17.852 |
24.682 |
NA |
|
Net cash flow from operating activities |
13.973 |
20.334 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin PAT / Sales |
(%) |
(3.64) |
2.39 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
2.20 |
8.82 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
(4.35) |
4.32 |
2.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.14) |
0.11 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.86 |
0.80 |
1.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15 |
1.30 |
1.33 |
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 |
21.502 |
24.000 |
24.150 |
|
Reserves & Surplus |
110.068 |
119.740 |
102.513 |
|
Net
worth |
131.570 |
143.740 |
126.663 |
|
|
|
|
|
|
long-term borrowings |
44.097 |
28.691 |
25.943 |
|
Short term borrowings |
89.454 |
79.053 |
78.213 |
|
Current Maturities of Long term debt |
10.793 |
7.526 |
4.478 |
|
Total
borrowings |
144.344 |
115.270 |
108.634 |
|
Debt/Equity
ratio |
1.097 |
0.802 |
0.858 |
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 |
|
Total
Income |
553.958 |
494.906 |
478.316 |
|
|
|
(10.660) |
(3.352) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Total
Income |
553.958 |
494.906 |
478.316 |
|
Profit |
6.168 |
10.860 |
(15.927) |
|
|
1.11% |
2.19% |
(3.33%) |
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 |
Yes |
|
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF THE COMPANY'S AFFAIRS:
In the financial year 2014-15, the Company achieved sales of Rs.437.366 million as against Rs.454.014 million during the previous year, which is approximately 3.67 % lower than last year's turnover. The company has incurred loss of Rs.15.927 million as compared to previous year's profit after tax of Rs.10.860 million.
It was expected that the demand from infrastructure and construction sector would pick up substantially in the financial 2014-15 after the new government expressed push for the same. But on ground reality, it is taking more time to reflect the same in demand for construction equipment business. The company is confident of better business prospects in ensuing financial year and consequently better financial performance.
UNSECURED LOANS:
|
Particulars |
31.03.2015 Rs.
In Million |
31.03.2014 Rs.
In Million |
|
Short Term Borrowings |
|
|
|
Loans and
advances from related parties |
16.775 |
16.950 |
|
|
|
|
|
Total |
16.775 |
16.950 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10559588 |
31/03/2015 |
6,700,000.00 |
RELIANCE HOME FINANCE LIMITED |
570, RECTIFIER HOUSE, 3RD FLOOR, NAIGAUM CROSS ROAD, WADALA, MUMBAI, MAHARASHTRA - 400031, INDIA |
C49292758 |
|
2 |
10559595 |
31/03/2015 |
3,300,000.00 |
RELIANCE HOME FINANCE LIMITED |
570, RECTIFIER HOUSE, 3RD FLOOR, NAIGAUM CROSS ROAD, WADALA, MUMBAI, MAHARASHTRA - 400031, INDIA |
C49295744 |
|
3 |
10476025 |
07/09/2015 * |
155,000,000.00 |
HDFC BANK LIMITED |
4TH FLOOR MILLENNIUM TOWERS, BHANDARKAR ROAD, PUNE, MAHARASHTRA - 411004, INDIA |
C67121475 |
|
4 |
10401177 |
30/01/2013 |
10,100,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA |
B67309781 |
|
5 |
10401186 |
30/01/2013 |
18,900,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA |
B67310979 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Motor Vehicle
·
Office Equipment
·
Computers
·
Computer Software
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.66.32 |
|
|
1 |
Rs.98.99 |
|
Euro |
1 |
Rs.72.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
42 |
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.