MIRA
INFORM REPORT
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Report No. : |
305656 |
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Report Date : |
03.02.2015 |
IDENTIFICATION DETAILS
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Name : |
WAAREE ENERGIES LIMITED (w.e.f. 02.05.2013) |
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Formerly Known
As : |
WAAREE ENERGIES PRIVATE LIMITED (w.e.f. 12.12.2007) WAAREE ENERGIES PRIAVE LIMITED (w.e.f. 15.10.2007) WAAREE SOLAR PRIVATE LIMITED (w.e.f. 25.04.2007) ANMOL FLUID CONNECTORS PRIVATE LIMITED |
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Registered
Office : |
602, 6th Floor, Western Edge - I, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
18.12.1990 |
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Com. Reg. No.: |
11-059463 |
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Capital
Investment / Paid-up Capital : |
Rs.750.000
Millions |
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CIN No.: [Company Identification
No.] |
U29248MH1990PLC059463 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACA4043J |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing of Solar Photovoltaic Modules and EPC contractor for
setting of solar power plant. |
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No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (43) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. As per registrar of companies the date of Balance Sheet (i.e.
financial filed) is shown as 31.03.2014 but the documents related to
financial are not available for any source. As per available financial record of 2013, a reserve of the company is
low. However, the rating takes into consideration company’s healthy
operational risk profile supported be decent capital base and favorable
profitability margins of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. 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 – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
CARE |
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Rating |
Long term bank facilities: BBB- |
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Rating Explanation |
Moderate degree of safety and moderate credit risk. |
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Date |
Dec 05, 2014 |
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Rating Agency Name |
CARE |
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Rating |
Long term bank facilities: A3 |
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Rating Explanation |
Moderate degree of safety and moderate credit risk. |
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Date |
Dec 05, 2014 |
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
31-03-2014.
INFORMATION DENIED BY
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Name : |
Mr. Vipin Vijayan |
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Designation : |
Deputy Manager |
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Contact No.: |
91-22-66444444 |
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Date : |
30.01.2015 |
LOCATIONS
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Registered Office/ Head Office : |
602, 6th Floor, Western Edge - I, Western Express Highway,
Borivali (East), Mumbai – 400 066, Maharashtra, India |
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Tel. No.: |
91-22-66444444 |
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Fax No.: |
91-22-66444400 |
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E-Mail : |
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Website : |
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Factory : |
Plot No.231-236, Surat Special Economic Zone, Diamond Park, Sachin,
Surat – 394 230, Gujarat, India |
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Tel. No.: |
91-261-2398661 |
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Branch Office : |
Located at: ·
Delhi ·
Chennai ·
Kolkata ·
Gujarat ·
Lucknow ·
Bangalore |
DIRECTORS
As on: 30.09.2014
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Name : |
Mr. Hitesh Chimanlal Doshi |
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Designation : |
Managing Director |
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Address : |
93/94, Mahagiri Co-Operative Housing Society, Ashok Chakravarty Road, Kandivali
(East), Mumbai - 400 101, Maharashtra, India |
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Date of Birth/Age : |
22.02.1967 |
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Date of Appointment : |
02.05.2013 |
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DIN No.: |
00293668 |
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PAN No.: |
AABPD0625P |
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Name : |
Mr. Viren Chimanlal Doshi |
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Designation : |
Whole time director |
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Address : |
93/94, Mahagiri Co-Operative Housing Society, Ashok Chakravarty Road,
Kandivali (East), Mumbai - 400 101, Maharashtra, India |
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Date of Birth/Age : |
06.11.1968 |
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Date of Appointment : |
02.05.2013 |
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DIN No.: |
00207121 |
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PAN No.: |
AABPD0626Q |
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Name : |
Mr. Modesto Volpe |
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Designation : |
Director |
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Address : |
Corso Mazzini, 61, Lodi-26900, Italy |
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Date of Birth/Age : |
09.04.1955 |
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Date of Appointment : |
30.09.2010 |
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DIN No.: |
02895190 |
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Name : |
Mr. Hitesh Pranjivan Mehta |
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Designation : |
Director |
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Address : |
F-202, Krishna Residency, Near Dalmia College, Sundar Nagar, Malad
(West), Mumbai – 400 064, Maharashtra, India |
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Date of Birth/Age : |
29.06.1965 |
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Date of Appointment : |
02.05.2013 |
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DIN No.: |
00207506 |
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PAN No.: |
AAEPM2214J |
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Name : |
Mr. Samir Surendra Shah |
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Designation : |
Director |
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Address : |
35 Prabhat, 78, D Desai Road, Mumbai – 400026, Maharashtra, India |
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Date of Birth/Age : |
08.01.1959 |
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Date of Appointment : |
01.09.2014 |
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DIN No.: |
01374883 |
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Name : |
Mr. Kirit Doshi |
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Designation : |
Director |
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Name : |
Mr Ajay Jain |
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Designation : |
Executive Director - Operations |
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Name : |
Mr. Mayank Shah |
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Designation : |
Executive Director Finance |
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Name : |
Mr. Abhimanyu Dhaigude |
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Designation : |
Executive Director -Human Resources |
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Name : |
Mr. Riaz Naqvi |
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Designation : |
Director |
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Name : |
Mr. Ajoy Nair |
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Designation : |
Executive Director |
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Name : |
Mr. Navratan Katariya |
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Designation : |
Director- MW Business |
KEY EXECUTIVES
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Name : |
Mr. Hitesh Pranjivan Mehta |
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Designation : |
Chief Executive Officer |
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Address : |
F-202, Krishna Residency, Near Dalmia College, Sundar Nagar, Malad
(West), Mumbai – 400 064, Maharashtra, India |
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Date of Birth/Age : |
29.06.1965 |
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Date of Appointment : |
01.04.2011 |
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DIN No.: |
00207506 |
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PAN No.: |
AAEPM2214J |
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Name : |
Mr. Vishal Ralli |
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Designation : |
CFO – Bonetti Waaree |
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Name : |
Mr. Shaibal Ghosh |
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Designation : |
President International Business |
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Name : |
Mr. Uday Dharia |
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Designation : |
VP Product Development |
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Name : |
Mr. DK Gupta |
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Designation : |
President Engineering |
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Name : |
Mr. Venkat Bhimrao Munjal |
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Designation : |
Chief Operating Officer |
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Name : |
Mr.Shashi Shankar Naik |
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Designation : |
President- Solar Pumps |
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Name : |
Mr. Pralhad Kulkarni |
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Designation : |
Vice President -Operations |
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Name : |
Mr. Nikunj Shukla |
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Designation : |
Vice President- Solar Thermal |
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Name : |
Mr. Swapnil |
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Designation : |
Account Executive |
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Name : |
Mr. Amar Malik |
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Designation : |
DGM Finance |
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Name : |
Mr. Vipin Vijayan |
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Designation : |
Deputy Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
LIST OF ALLOTTEES:
As on: 03.01.2015
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Names of Shareholders |
No. of Shares |
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Trusha Jhaveri |
62500 |
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Total |
62500 |
As on: 08.12.2014
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Names of Shareholders |
No. of Shares |
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Samir Surendra Shah and Ila Samir Shah |
125000 |
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Nilesh Gandhi Jointly with Drasta Gandhi |
12500 |
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Trusha Jhaveri |
62500 |
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Total |
200000 |
As on: 30.09.2014
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Names of Shareholders |
No. of Shares |
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Chimanlal T. Doshi |
5 |
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Binita H. Doshi |
3445500 |
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Pankaj C. Doshi HUF Rep. by Karta Pankaj C. Doshi |
2902436 |
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Chimanlal Doshi HUF Rep. by Karta Chimanlal Doshi |
1568652 |
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Bindiya K. Doshi |
7564298 |
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Kirit C. Doshi |
1330755 |
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Viren C. Doshi |
2097354 |
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Bina P. Doshi |
2135751 |
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Hitesh C. Doshi HUF Rep. by Karta Hitesh C. Doshi |
1155685 |
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Pankaj C. Doshi |
376080 |
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Rasila C. Doshi |
7648982 |
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Viren C. Doshi HUF Rep. by Karta Viren C. Doshi |
2584615 |
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Mahavir Thermoequip Private Limited, India |
22275103 |
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Neepa V. Doshi |
3285226 |
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V.T. Telemetica, Italy |
2400000 |
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Tejas J. Mehta |
276500 |
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Kirit C, Doshi HUF Rep. by Karta Kirit C. Doshi |
1076928 |
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Patan Solar Private Limited, India |
6562500 |
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Divya Parekh |
1 |
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Jayesh D. Shah |
17501 |
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Hitesh P. Mehta |
250000 |
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Prerana Shah |
17500 |
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Bhartiben Shah |
50000 |
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Vinaykant Shah |
50000 |
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Manish Gardi |
62500 |
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Sangita Shah |
112500 |
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Total |
75560000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
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Category |
Percentage |
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Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
3.54 |
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Bodies corporate |
38.17 |
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Directors or relatives of Directors |
57.88 |
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Other top fifty shareholders |
0.41 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Solar Photovoltaic Modules and EPC contractor for
setting of solar power plant. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS (AS ON 31.03.2011)
Installed Capacity
(Megawatts)
(Unit
in Lacs MT)
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Particulars |
2010-11 |
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Licensed Capacity |
N.A. |
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Installed Capacity |
30.00 |
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Actual Production |
11.75 |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
400 (Approximately) |
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Bankers : |
State Bank of India, Industrial Finance Branch, S.V. Road, Malad
(West), Mumbai – 400 064, Maharashtra, India |
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Facilities : |
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Financial Institute: |
PTC India Financial Services Limited, 7th Floor, Telephone Exchange Building, 8 Bhikaji Cama Place, New Delhi, Delhi -110066, India |
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Auditors : |
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Name : |
SGCO and Company Chartered Accountants |
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Address : |
4A, Kaledonia
HDIL, 2nd Floor, Sahar Road, Near Andheri Station, Andheri (East),
Mumbai - 400 069, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFS7106D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
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Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their relatives: |
· Patan Solar Private Limited, India [U40102MH2010PTC206704] · Waaree Solar Energy Private Limited, India [U40106MH2008PTC183254] · Mahavir Thermoequip · Mahavir Thermoequip Private Limited, India [U33120MH1994PTC076496] · OMNTEC Waaree ATG Private Limited, India [U29253MH2007PTC166988] · Cesare Bonetti India Private Limited, India [U51109MH2009PTC189836] · Waarev Sensors Private Limited, India [U29219MH2006PTC163370] · Waaree Retails Private Limited, India [U31900MH2007PTC171987] · Waaree Industries Private Limited, India [U40106MH2010PTC208323] · Sunbless Solar Private limited, India [U40106MH2010PTC205911] · Waaree Infrastructure and Agritech Private Limited, India [U32109MH1998PTC116358] · Greentech Power Private Limited, India [U74999HR2010PTC047509] · Baumer Technologies India Private Limited, India [U29299MH1989PTC050808] |
CAPITAL STRUCTURE
After 30.09.2014
Authorized Capital: Rs. 1000.000
Million
(100000000*10)
Issued, Subscribed & Paid-up Capital: Rs. 758.225
Million (75822500*10)
As on 31.03.2013
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000000 |
Equity Shares |
Rs.10/- each |
Rs.1000.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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75000000 |
Equity Shares |
Rs.10/- each |
Rs.750.000
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
750.000 |
750.000 |
250.000 |
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(b) Reserves & Surplus |
357.835 |
105.190 |
(54.774) |
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(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
1107.835 |
855.190 |
195.226 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
177.778 |
0.000 |
0.000 |
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(b) Deferred tax liabilities
(Net) |
22.082 |
14.517 |
11.058 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term provisions |
20.773 |
15.977 |
0.000 |
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Total
Non-current Liabilities (3) |
220.633 |
30.494 |
11.058 |
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(4) Current Liabilities |
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(a) Short term borrowings |
634.649 |
288.201 |
461.567 |
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(b) Trade payables |
612.051 |
295.071 |
36.073 |
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(c) Other current liabilities |
160.563 |
133.682 |
12.447 |
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(d) Short-term provisions |
131.469 |
12.848 |
1.675 |
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Total
Current Liabilities (4) |
1538.732 |
729.802 |
511.762 |
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TOTAL |
2867.200 |
1615.486 |
718.046 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
247.782 |
220.864 |
176.333 |
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(ii) Intangible Assets |
13.493 |
0.094 |
0.093 |
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(iii) Capital work-in-progress |
0.000 |
0.000 |
1.295 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
217.740 |
117.740 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
6.575 |
13.276 |
3.287 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
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Total
Non-Current Assets |
485.590 |
351.974 |
181.008 |
|
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(2) Current assets |
|
|
|
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(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
188.586 |
286.743 |
198.865 |
|
(c) Trade receivables |
1506.919 |
635.580 |
194.424 |
|
(d) Cash and cash equivalents |
131.342 |
110.443 |
37.988 |
|
(e) Short-term loans and
advances |
513.254 |
154.764 |
6.081 |
|
(f) Other current assets |
41.509 |
75.982 |
99.680 |
|
Total
Current Assets |
2381.610 |
1263.512 |
537.038 |
|
|
|
|
|
|
TOTAL |
2867.200 |
1615.486 |
718.046 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
2921.356 |
2344.298 |
279.009 |
|
|
Other Income |
54.587 |
48.054 |
|
|
|
TOTAL
(A) |
2975.943 |
2392.352 |
279.009 |
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1132.655 |
1332.846 |
|
|
|
Purchases of Stock-in-Trade |
849.447 |
572.173 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
45.337 |
(120.948) |
293.267 |
|
|
Employees benefits expense |
107.115 |
46.312 |
|
|
|
Other expenses |
367.803 |
244.639 |
|
|
|
Prior period items |
0.000 |
1.884 |
|
|
|
TOTAL
(B) |
2502.357 |
2076.906 |
293.267 (Including
Finance Expense) |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
473.586 |
315.446 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
60.927 |
103.169 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
412.659 |
212.277 |
(14.258) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
19.824 |
11.178 |
10.144 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
392.835 |
201.099 |
(24.402) |
|
|
|
|
|
|
|
Less |
TAX
(I) |
140.190 |
41.135 |
2.174 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
252.645 |
159.964 |
(26.576) |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
105.190 |
(54.774) |
(29.423) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
357.835 |
105.190 |
(55.999) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
NA |
186.713 |
370.631 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.37 |
4.04 |
0.09 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin |
(%) |
8.65 |
6.82 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
16.21 |
13.46 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.83 |
13.43 |
(3.40) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35 |
0.24 |
(0.12) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.73 |
0.34 |
2.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55 |
1.73 |
1.05 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
250.000 |
750.000 |
750.000 |
|
Reserves & Surplus |
(54.774) |
105.190 |
357.835 |
|
Net
worth |
195.226 |
855.190 |
1107.835 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
177.778 |
|
Short term borrowings |
461.567 |
288.201 |
634.649 |
|
Total
borrowings |
461.567 |
288.201 |
812.427 |
|
Debt/Equity
ratio |
2.364 |
0.337 |
0.733 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
279.009 |
2392.352 |
2975.943 |
|
|
|
757.446 |
24.394 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
279.009 |
2392.352 |
2975.943 |
|
Profit |
(26.576) |
159.964 |
252.645 |
|
|
(9.53%) |
6.69% |
8.49% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from others |
177.778 |
0.000 |
|
Short-term
borrowings |
|
|
|
Intercorporate borrowings |
21.778 |
0.000 |
|
Other loans and advances |
24.293 |
85.698 |
|
Total |
223.849 |
85.698 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10532953 |
09/10/2014 |
329,900,000.00 |
PTC INDIA FINANCIAL SERVICES LIMITED |
7TH FLOOR, TELEPHONE EXCHANGE BUILDING, 8 BHIKAJI CAMA PLACE, NEW DELHI, DELHI -110066, INDIA |
C34673145 |
|
2 |
10531886 |
26/09/2014 |
3,000,000,000.00 |
PTC INDIA FINANCIAL SERVICES LIMITED |
7TH FLOOR, TELEPHONE EXCHANGE BUILDING, 8 BHIKAJI CAMA PLACE, NEW DELHI, DELHI - 110066, INDIA |
C34008243 |
|
3 |
10322772 |
03/11/2012 * |
1,000,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH , S.V.ROAD,, MALAD (WEST), MUMBAI, MAHARASHTRA - 400064, INDIA |
B62873781 |
* Date of charge modification
FIXED ASSETS
Tangible assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Other equipments
Intangible assets
· Goodwill
· 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.61.88 |
|
|
1 |
Rs.93.27 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
43 |
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.