MIRA INFORM REPORT
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Report No. : |
306537 |
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Report Date : |
09.02.2015 |
IDENTIFICATION DETAILS
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Name : |
RND AUTOMATION PRIVATE LIMITED |
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Registered
Office : |
1/4, Shiv Complex, Kondhwa Bk, Pune - 411048, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
06.08.2007 |
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Com. Reg. No.: |
25-130539 |
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Capital Investment
/ Paid-up Capital : |
Rs. 2.300
Millions |
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CIN No.: [Company Identification
No.] |
U29150PN2007PTC130539 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Chicken Defeathering Machine. |
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No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 14700 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company, having moderate track record. Management of the company has failed to file its financials with
government department for last three year (i.e 2012, 2013 and 2014). As per registrar of companies the date of balance sheet i.e. financial
filed is shown as 31st March, 2012 but the documents related to
the financials for the year 2012 are not available from any sources. However, as per available financials of 2011. Trade relations are
seems to be fair. Business is active. Payment terms are unknown. The company can be considered for business dealing with caution. |
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 –December, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Vinod |
|
Designation : |
Account Executive |
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Contact No.: |
91-20-26930936 |
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Date : |
06.02.2015 |
LOCATIONS
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Registered Office : |
1/4, Shiv Complex, Kondhwa Bk, Pune - 411048, Maharashtra, India |
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Tel. No.: |
91-20-26930100/ 26930936 |
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Mobile No.: |
91-9822615835 (Mr. Manjot Singh) |
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Fax No.: |
91-20-26930226 |
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E-Mail : |
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Website : |
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Area : |
500 Sq. ft. |
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Location : |
Owned |
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Factory : |
Survey No. 23/9/1C, 192 Burani Industrial Estate, Kondhwa, Budruk,
Pune – 411048, Maharashtra, India |
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Location : |
Owned |
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Head Office : |
7/2, Shivdarshan Chambers, Opposite Shivaji Statute 457/458, Market
Yard Road, Pune – 411037, Maharashtra, India |
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Tel No.: |
91-20-24267894 / 24261894 |
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Branch Office : |
501, A/1, F – 3, Raje Bhonsle Heights, Sadar Bazar, Opposite Sales Tax
Office, Satara – 415001, Maharashtra, India |
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Tel No.: |
91-2162-227820 |
DIRECTORS
As on 16.08.2011
|
Name : |
Lawrence Norman Dubois |
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Designation : |
Director |
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Address : |
B1, Mayurpankh, Kondhawa Khurd, Pune – 411048, Maharashtra, India |
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Date of Birth/Age : |
22.01.1951 |
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Date of Appointment : |
06.08.2007 |
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DIN No.: |
00069844 |
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Other Directorship :
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Name : |
Mr. Nikhil Lawrence Dubois |
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Designation : |
Director |
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Address : |
Sr. No. B-1, Mayur Pankh, Mitha Nagar, Kondhwa, Khurd, Pune – 411048,
Maharashtra, India |
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Date of Birth/Age : |
19.06.1981 |
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Date of Appointment : |
06.08.2007 |
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DIN No.: |
00646706 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 16.08.2011
|
Names of Shareholders |
No. of Shares |
%age |
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|
160000 |
69.57 |
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70000 |
30.43 |
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Total |
230000 |
100.00 |
As on 16.08.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Chicken Defeathering Machine. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
Ø Kenya Ø Oman Ø Nigeria Ø Nepal Ø Sri Lanka |
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Imports : |
Raw Material |
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Products : |
Ø Israel |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
Ø The Sarawat
Co-operative Bank Limited, C-2, Kohinoor Estate Co-operative Housing Society,
Plot No. 12, Mula Road, Sangamwadi, Pune – 411003, Maharashtra, India Ø Kotak Mahindra
Bank Limited Ø Dena Bank,
Sadashiv Peth, Pune, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Vakharia Shah and Associates Chartered Accountants |
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Address : |
7/2 Shivdarshan Chambers, Opposite Shivaji Statute, 457/458, Market Yard
Road, Pune – 411037, Maharashtra, India |
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PAN
No. : |
AASPV2515P |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates / Subsidiaries : |
Triple A Enterprises, India |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
230,000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.300
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
2.300 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
1.000 |
0.000 |
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3] Reserves & Surplus |
2.863 |
1.134 |
0.703 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
5.163 |
2.234 |
0.803 |
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LOAN FUNDS |
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1] Secured Loans |
7.754 |
3.814 |
0.622 |
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2] Unsecured Loans |
3.221 |
2.981 |
0.000 |
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TOTAL BORROWING |
10.975 |
6.795 |
0.622 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
16.138 |
9.029 |
1.425 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
3.311 |
2.657 |
0.369 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.236 |
0.236 |
0.000 |
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DEFERRED TAX ASSETS |
0.042 |
0.019 |
0.017 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
10.332
|
9.855 |
1.563 |
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Sundry Debtors |
10.935
|
2.531 |
0.681 |
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Cash & Bank Balances |
0.304
|
0.119 |
0.655 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
1.991
|
2.781 |
1.030 |
|
Total
Current Assets |
23.562
|
15.286 |
3.929 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
8.312
|
7.851 |
2.334 |
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Other Current Liabilities |
0.924
|
0.006 |
0.408 |
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Provisions |
1.786
|
1.325 |
0.164 |
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Total
Current Liabilities |
11.022
|
9.182 |
2.906 |
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Net Current Assets |
12.540
|
6.104 |
1.023 |
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MISCELLANEOUS EXPENSES |
0.009 |
0.013 |
0.016 |
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TOTAL |
16.138 |
9.029 |
1.425 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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|
45.026 |
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Other Income |
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TOTAL (A) |
45.026 |
28.331 |
9.687 |
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Less |
EXPENSES |
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TOTAL (B) |
40.852 |
24.552 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4.174 |
3.779 |
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Less |
FINANCIAL
EXPENSES (D) |
0.879 |
1.089 |
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.295 |
2.690 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.768 |
0.700 |
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PROFIT BEFORE
TAX (E-F) (G) |
2.527 |
1.990 |
1.110 |
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Less |
TAX (H) |
0.000 |
0.000 |
0.349 |
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PROFIT AFTER TAX
(G-H) (I) |
2.527 |
1.990 |
0.761 |
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EARNINGS IN
FOREIGN CURRENCY |
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Export Earnings |
23.262 |
14.196 |
0.000 |
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Earnings Per
Share (Rs.) |
10.99 |
199.00 |
76.10 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Investment (ROI) (PBT/Networth) |
|
0.49
|
0.89 |
1.38 |
|
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Debt Equity Ratio (Total Debt/Networth) |
|
2.13
|
3.04 |
0.77 |
|
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|
|
|
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|
Current Ratio (Current Asset/Current Liability) |
|
2.14
|
1.66 |
1.35 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
0.100 |
0.100 |
2.300 |
|
Reserves & Surplus |
0.703 |
1.134 |
2.863 |
|
Net
worth |
0.803 |
1.234 |
5.163 |
|
|
|
|
|
|
Secured Loan |
0.622 |
3.814 |
7.754 |
|
Unsecured Loan |
0.000 |
2.981 |
3.221 |
|
Total
borrowings |
0.622 |
6.795 |
10.975 |
|
Debt/Equity
ratio |
0.775 |
5.506 |
2.126 |
YEAR ON YEAR GROWTH
|
Year
on Year Growth |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
9.687 |
28.331 |
45.026 |
|
|
|
192.464 |
58.928 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(INR) |
(INR) |
(INR) |
|
Total Income |
9.687 |
28.331 |
45.026 |
|
Profit |
0.761 |
1.990 |
2.527 |
|
|
7.86% |
7.02% |
5.61% |
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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
Yes |
|
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 |
No |
UNSECURED LOANS
|
PARTICULARS |
31.03.2011 (Rs.
In Millions) |
31.03.2010 (Rs.
In Millions) |
|
Loans from
Directors and Relatives |
|
|
|
Lawerence N. Dubois |
2.071 |
2.286 |
|
Nikhil L. Dubois |
0.907 |
0.452 |
|
Rebecca Dubois |
0.243 |
0.243 |
|
|
|
|
|
TOTAL |
3.221 |
2.981 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10503934 |
28/02/2014 |
38,000,000.00 |
DENA BANK |
DENA BANK, SADASHIV PETH, PUNE, Maharashtra
- 411030, INDIA |
C07177652 |
|
2 |
10325400 |
29/11/2011 |
788,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING
SOC., PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE, Maharashtra - 411003, INDIA |
B28653426 |
|
3 |
10310012 |
29/11/2011 * |
3,000,000.00 |
THE SARASWAT CO-OPEREATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING
SOC., PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE, Maharashtra - 411003, INDIA |
B28652758 |
|
4 |
10285270 |
07/05/2011 |
10,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING
SOC., PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE, Maharashtra - 411003, INDIA |
B12148524 |
|
5 |
10233334 |
06/08/2010 |
5,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING
SOC., PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE, Maharashtra - 411003, INDIA |
A91764811 |
|
6 |
10179262 |
29/11/2011 * |
10,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING
SOC., PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE, Maharashtra - 411003, INDIA |
B28652964 |
|
7 |
10179263 |
29/11/2011 * |
10,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING
SOC., PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE, Maharashtra - 411003, INDIA |
B28653186 |
* Date of charge modification
OPERATIONS
During the year, the Company achieved a turnover of Rs. 45.026 Millions
as against a turnover of Rs. 28.331 Millions achieved during the previous year.
After charging all expenses, Company has borne a profit of Rs. 2.526 Millions
during the current year.
FIXED ASSETS
Ø Plant and
Machinery
Ø Computer
Ø Furniture and
Fixture
Ø Office Equipments
Ø Vehicles
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.61.74 |
|
|
1 |
Rs.94.65 |
|
Euro |
1 |
Rs.70.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.