MIRA INFORM REPORT
|
Report No. : |
356944 |
|
Report Date : |
29.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAHIL TECH (INDIA) LIMITED (w.e.f. 24.04.2009) |
|
|
|
|
Formerly Known
As : |
HANSU CONTROLS LIMITED |
|
|
|
|
Registered
Office : |
A-420, TTC Industrial Area, MIDC Mahare, New Mumbai – 400701,
Maharashtra |
|
Tel. No.: |
91-22-27780722 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
15.09.1992 |
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|
|
|
Com. Reg. No.: |
11-068546 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.001 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L25209MH1992PLC068546 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
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|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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|
|
|
Line of Business
: |
Subject manufactures plastic injection moulds to the very highest specifications, for use in wide range of moulds, from pipe fitting for various applications, like sewage and outflow drainage systems, hot and cold water supply, gas supply to packaging industry. (From Industry Sources) |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 29600 |
|
|
|
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Unknown |
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|
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Litigation : |
Clear |
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|
|
Comments : |
Subject was incorporated in the year 1992 and it is having moderate track
record. Management of the company has not filed its financial with the
Government Department for the year 2015. As per registrar of companies the date of balance sheet (i.e.
financial filed) is show as 31.03.2014 but the documents related to the financials
are not been available from any sources. As per available financial for the year 2013, the company possess
moderate financial profile along with its modest capital structure and debt
protection metrics. Rating is constrained on company’s adverse trade receivable to its
payable and small reserves position of the company. However, trade relations are reported to be fair. Business is active.
Payment terms are reported to be unknown. The company can be considered for business dealings with some caution. Note:- The company is listed on OTC Exchange Of India (OTCEI), also known as
the Over-the-Counter Exchange of India, is based in Mumbai, Maharashtra. It
is India's first exchange for small companies,[3] as well as the first
screen-based nationwide stock exchange in India.[4] OTCEI was set up to
access high-technology enterprising promoters in raising finance for new
product development in a cost-effective manner and to provide a transparent
and efficient trading system to investors. |
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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.
LOCATIONS
|
Registered Office : |
A-420, TTC Industrial Area, MIDC Mahare, New Mumbai – 400701,
Maharashtra |
|
Tel. No.: |
91-22-27780722 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Chandrashekhar Ramashrey Gupta |
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|
Designation : |
Managing Director |
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|
Address : |
Room No. 1004, Eternia Co-Operative Society, Wing A 10th Floor, Hiranandani Garden Central Avenue, Powai, Mumbai - 400076, Maharashtra, India |
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Date of Birth/Age : |
31.12.1966 |
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Date of Appointment : |
01.04.2014 |
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PAN No.: |
ACLPG7736N |
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DIN No.: |
01917007 |
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Other Directorship:
|
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||||||||||||||||||
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Name : |
Ms. Savitri Chandrashekhar Gupta |
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Designation : |
Whole-Time Director |
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Address : |
Room No. 1004, Eternia Co-Operative Society, Wing A 10th Floor, Hiranandani Garden Central Avenue, Powai, Mumbai - 400076, Maharashtra, India |
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Date of Birth/Age : |
15.07.1978 |
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Date of Appointment : |
01.04.2014 |
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DIN No.: |
02052284 |
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Other Directorship:
|
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|
||||||||||||||||||
|
Name : |
Mr. Ramashrey Gupta |
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Designation : |
Director |
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Address : |
3/1 Ground Floor, Ramashankar Mishra Chawl, Subhash Road, Janata Market ,Bhandup (West), Mumbai - 400078, Maharashtra, India |
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Date of Birth/Age : |
10.10.1942 |
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Date of Appointment : |
20.10.2009 |
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DIN No.: |
02052282 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.12.2014
|
Names of Shareholders |
|
No. of Shares |
|
Chandrashekhar Ramashrey Gupta |
|
578700 |
|
Chandrashekhar Gupta |
|
66800 |
|
Abhishake Jaiprakash Gupta |
|
51835 |
|
Rahul Jaiprakash Gupta |
|
42884 |
|
Rajiv Ramsagar Bardhan |
|
42000 |
|
Manohar Ganesh Gupta |
|
40000 |
|
Pooja Ramkaran Gupta |
|
32242 |
|
Chandrashekhar R Gupta |
|
21800 |
|
Vishwas Subhash Badkar |
|
2564 |
|
Anita Vishwas Badkar |
|
2564 |
|
Raju Ganesh Purohit |
|
2560 |
|
Ratnakar Poovappa Kotian |
|
1950 |
|
Shah Niti Niyut |
|
1610 |
|
Shah Avani Harsh |
|
1610 |
|
Dipika Bhavesh Patel |
|
1300 |
|
Bhavesh Ramalal Patel |
|
1300 |
|
Ketan Premchand Shah |
|
1282 |
|
Naishad Devendra Bhatt |
|
1000 |
|
Hemanshu Devendra Bhatt |
|
1000 |
|
Rajesh C Dedhia |
|
800 |
|
Ninad Vijay Rane |
|
640 |
|
Indubhai Mehta |
|
500 |
|
Ketan H.Gandhi |
|
500 |
|
Sameer Mehta |
|
500 |
|
Shefali K.Gandhi |
|
500 |
|
Vasant G.Shah |
|
500 |
|
Tapan Kalipada Dutta |
|
447 |
|
Deven Tukaram Vartak |
|
392 |
|
Geeta Ninad Rane |
|
320 |
|
Total |
|
900100 |
Equity Share Break up (Percentage of Total Equity)
As on 30.12.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
74.14 |
|
Other top fifty shareholders |
25.86 |
|
Total |
100.00 |
%20LIMITED%20-%20356944%2029-Dec-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject manufactures plastic injection moulds to the very highest specifications, for use in wide range of moulds, from pipe fitting for various applications, like sewage and outflow drainage systems, hot and cold water supply, gas supply to packaging industry. (From Industry Sources) |
|
|
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Products : |
|
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|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Financial
Institution: |
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Auditors : |
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|
Name : |
Manoj Mehta and Company Chartered Accountants |
|
Address : |
Room No. 81 4th Floor |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ACAPM7184R |
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Memberships : |
-- |
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Collaborators : |
-- |
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|
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 30.12.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900100 |
Equity Shares |
Rs.10/- each |
Rs.9.001
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
9.001 |
9.001 |
9.001 |
|
(b) Reserves & Surplus |
1.346 |
0.735 |
0.906 |
|
(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) |
10.347 |
9.736 |
9.907 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10.928 |
0.798 |
0.732 |
|
(b) Deferred tax liabilities
(Net) |
2.307 |
2.319 |
2.111 |
|
(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) |
13.235 |
3.117 |
2.843 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
56.607 |
15.484 |
0.024 |
|
(c) Other current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
1.905 |
0.565 |
0.518 |
|
Total
Current Liabilities (4) |
58.512 |
16.049 |
0.542 |
|
|
|
|
|
|
TOTAL |
82.094 |
28.902 |
13.292 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
36.919 |
16.394 |
9.415 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
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 |
36.919 |
16.394 |
9.415 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
25.601 |
7.527 |
0.000 |
|
(c) Trade receivables |
1.428 |
0.400 |
0.400 |
|
(d) Cash and cash equivalents |
10.965 |
1.124 |
2.463 |
|
(e) Short-term loans and
advances |
0.000 |
0.265 |
0.100 |
|
(f) Other current assets |
7.181 |
3.192 |
0.914 |
|
Total
Current Assets |
45.175 |
12.508 |
3.877 |
|
|
|
|
|
|
TOTAL |
82.094 |
28.902 |
13.292 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
22.003 |
0.104 |
1.212 |
|
|
Other Income |
0.012 |
0.000 |
0.000 |
|
|
TOTAL
(A) |
22.015 |
0.104 |
1.212 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
17.328 |
2.688 |
0.000 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(13.206) |
(5.573) |
0.000 |
|
|
Employees benefits expense |
6.778 |
0.488 |
0.000 |
|
|
Other expenses |
9.024 |
1.680 |
0.592 |
|
|
Prior period items before tax |
0.000 |
0.000 |
(0.050) |
|
|
TOTAL
(B) |
19.924 |
(0.717) |
0.542 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION © |
2.091 |
0.821 |
0.670 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.091 |
0.821 |
0.670 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
1.351 |
0.775 |
0.570 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX (E-F) (G) |
0.740 |
0.046 |
0.100 |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.129 |
(0.199) |
(0.013) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
0.611 |
0.245 |
0.113 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
30.904 |
0.000 |
0.000 |
|
|
TOTAL
EARNINGS |
30.904 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.68 |
(0.19) |
0.02 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
21.588 |
6.349 |
0.060 |
|
Net cash flow from operating activity |
21.588 |
6.349 |
0.060 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.78 |
235.58 |
9.32 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
9.50 |
789.42 |
55.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.90 |
0.16 |
0.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.00 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.06 |
0.08 |
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.77 |
0.78 |
7.15 |
STOCK
PRICES
|
Face Value |
Rs.-- |
|
Market Value |
Rs.-- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
9.001 |
9.001 |
9.001 |
|
Reserves & Surplus |
0.906 |
0.735 |
1.346 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
9.907 |
9.736 |
10.347 |
|
|
|
|
|
|
long-term borrowings |
0.732 |
0.798 |
10.928 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.732 |
0.798 |
10.928 |
|
Debt/Equity
ratio |
0.074 |
0.082 |
1.056 |
%20LIMITED%20-%20356944%2029-Dec-2015_files/image014.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1.212 |
0.104 |
22.003 |
|
|
|
(91.419) |
21,056.731 |
%20LIMITED%20-%20356944%2029-Dec-2015_files/image015.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1.212 |
0.104 |
22.003 |
|
Profit |
0.113 |
0.245 |
0.611 |
|
|
9.32% |
235.58% |
2.78% |
%20LIMITED%20-%20356944%2029-Dec-2015_files/image016.gif)
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 |
No |
|
8 |
Designation of contact person |
No |
|
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
No |
|
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 |
No |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and Advances from Related Parties |
10.928 |
0.798 |
|
|
|
|
|
Total |
10.928 |
0.798 |
INDEX
OF CHARGES
|
.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10538837 |
01/11/2014 |
19,933,461.00 |
RELIANCE CAPITAL
LIMITED |
"H" BLOCK
1ST FLOOR, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai,
Maharashtra - 400710, INDIA |
C38203881 |
|
2 |
10506458 |
22/03/2014 |
3,221,160.00 |
ELECTRONICA
FINANCE LIMITED |
128/A, Plot No.3,Kailashchandra
Appartments,, Paud Road, Kothrud, Pune, Maharashtra - 411038, INDIA |
C09576364 |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Furniture and fixtures
- Office equipment
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.66.13 |
|
|
1 |
Rs.98.69 |
|
Euro |
1 |
Rs.72.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
KSH |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.