MIRA
INFORM REPORT
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Report No. : |
307527 |
|
Report Date : |
12.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
HITECH ENGINEERING CORPORATION INDIA PRIVATE LIMITED |
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Registered
Office : |
G-17, MIDC, Baramati, Pune - 413102, |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
25.06.2008 |
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Com. Reg. No.: |
25-132311 |
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Capital
Investment / Paid-up Capital : |
Rs. 51.092 Millions |
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CIN No.: [Company Identification
No.] |
U74200PN2008PTC132311 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEH05900G |
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PAN No.: [Permanent Account No.] |
AACCH0688N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Sugar Plants. |
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No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. Trade relations are fair. Business is active. Payment terms are
reported as 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: “BBB” |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
27.05.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: “A3” |
|
Rating Explanation |
Moderate degree of safety and very high
credit risk. |
|
Date |
27.05.2014 |
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 PARTED BY
|
Name : |
Mr. Deepak Jadhav |
|
Designation : |
Senior Accounts Executive |
|
Contact No.: |
91-8308808116 |
|
Date : |
11.02.2015 |
LOCATIONS
|
Registered Office/ Factory : |
G-17, MIDC, Baramati, Pune - 413102, Maharashtra, India |
|
Tel No.: |
91-2112-244252/ 244488/ 243646 |
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Mobile No.: |
91-9922985800 (Mr. Rajendra Chandrakant Ingawale) 91-83088081169527005890 (Mr. Deepak Jadhav) |
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Fax No.: |
91-2112-243229 |
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E-Mail : |
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Website: |
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Area : |
2500 sq. ft. |
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Location : |
Owned |
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Pune Office: |
Survey No. 35/2/1/3 and 35/2/1/4, Above Renault Showroom, Off Pune
Mumbai Highway, Baner, Pune – 411045, Maharashtra, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Rajendra Chandrakant Ingawale |
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Designation : |
Director |
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Address : |
At Post Khandaj, Taluka Baramati, Pune - 413102, Maharashtra, India |
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Date of Birth/Age : |
12.07.1969 |
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Date of Appointment : |
25.06.2008 |
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PAN No.: |
AAIPI7628A |
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DIN No. : |
02054682 |
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Other Directorship :
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Name : |
Mr. Sanjay Jyotiram Awate |
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Designation : |
Managing Director |
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Address : |
Flat No. 9, Sai Park, Ozarde Estate, T.C. Coll Road, Baramati, Pune -
413402, Maharashtra, India |
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Date of Birth/Age : |
15.04.1969 |
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Date of Appointment : |
01.04.2010 |
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PAN No.: |
AEKPA3525N |
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DIN No. : |
02054762 |
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Other Directorship :
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Name : |
Kantreddi Srilakshmi Narasimha Patrudu |
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Designation : |
Director |
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Address : |
1-51-5/2/1, Plot No.86/1, Sector 1, MVP Colony, Visakhapatnam –
530017, Andhra Pradesh, India |
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Date of Birth/Age : |
18.11.1968 |
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Date of Appointment : |
30.09.2011 |
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PAN No.: |
AAZPP3414G |
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DIN No. : |
03431058 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Deepak Jadhav |
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Designation : |
Senior Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
|
|
Class A |
Class B |
|
Rajendra Ingawale |
1052138 |
10648 |
|
Sanjay Awate |
947862 |
9527 |
|
Kantreddi Srilakshmi Narasimha Patrudu |
191700 |
9000 |
|
Total |
2191700 |
29175 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Sugar Plants. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Sugar Plants |
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Countries : |
· Kenya Thailand |
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Imports : |
-- |
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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 : |
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Customers : |
Wholesalers, Retailers and Manufacturer
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No. of Employees : |
150 (Approximately) |
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Bankers : |
· Lokseva Sahakari Bank Limited, 430, Narpatgiri Chowk, Mangalwar Peth, Narpatgiri, Corner, Pune - 411011, Maharashtra, India |
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Facilities : |
NOTE SHORT TERM
BORROWINGS Bank of Maharashtra (Secured by hypothecation of inventory, consumables and book debts and Guaranteed by personal security of two Directors, collaterally secured by factory building and personal properties of Directors or their relatives) I Bank of Maharashtra Cash Credit (Secured by hypothecation of inventory, consumables and book debts and Guaranteed by personal security of two Directors , collaterally secured by factory building and personal properties of Directors or their relatives) II Bharati Sahakari Bank Limited, Cash Credit (Secured by
collateral security of personal properties of Directors and by hypothecation
of stock and book debts) |
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Banking
Relations : |
-- |
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Financial Institution : |
Kotak Mahindra Prime Limited, 418-422, 4th Floor, Sohrab
Hall, 21, Sasoon Road, Pune - 411001, Maharashtra, India |
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Auditors : |
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Name : |
D.B. Gandhi and Associates Chartered Accountants |
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Address : |
1,Ground Floor, Gauri Apartments, 250/A, Shaniwar Peth, Pune – 411030, Maharashtra, India |
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Tel. No. : |
91-20-24477603/ 24494240 |
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Income-tax
PAN of auditor or auditor's firm : |
ABMPG3585D |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares (Class A) |
Rs.10/- each |
Rs. 50.000 Millions |
|
40000 |
Equity Shares (Class B) |
Rs.1000/- each |
Rs. 40.000 Millions |
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Total |
|
Rs. 90.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2191700 |
Equity Shares (Class A) |
Rs.10/- each |
Rs. 21.917 Millions |
|
29175 |
Equity Shares (Class B) |
Rs.1000/- each |
Rs. 29.175 Millions |
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|
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Total |
|
Rs. 51.092
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
51.092 |
51.092 |
51.092 |
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(b) Reserves & Surplus |
435.479 |
289.066 |
214.149 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
5.460 |
5.460 |
5.460 |
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Total
Shareholders’ Funds (1) + (2) |
492.031 |
345.618 |
270.701 |
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
146.388 |
223.835 |
168.595 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
3.551 |
9.663 |
10.087 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
149.939 |
233.498 |
178.682 |
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
132.370 |
71.851 |
67.688 |
|
(b) Trade payables |
929.216 |
281.734 |
311.883 |
|
(c) Other current
liabilities |
389.643 |
1082.893 |
742.923 |
|
(d) Short-term provisions |
20.450 |
40.434 |
43.121 |
|
Total Current Liabilities (4) |
1471.679 |
1476.912 |
1165.615 |
|
|
|
|
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TOTAL |
2113.649 |
2056.028 |
1614.998 |
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
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|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
150.200 |
168.008 |
191.173 |
|
(ii) Intangible Assets |
0.676 |
1.093 |
1.458 |
|
(iii) Capital
work-in-progress |
43.673 |
41.076 |
41.076 |
|
(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.275 |
0.275 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
31.691 |
31.691 |
|
(d) Long-term Loan and Advances |
28.927 |
21.172 |
16.675 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
223.751 |
263.315 |
282.073 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
203.978 |
970.701 |
638.638 |
|
(c) Trade receivables |
1418.275 |
595.320 |
518.872 |
|
(d) Cash and cash
equivalents |
109.740 |
84.962 |
91.149 |
|
(e) Short-term loans and
advances |
128.566 |
134.623 |
84.101 |
|
(f) Other current assets |
29.339 |
7.107 |
0.165 |
|
Total Current Assets |
1889.898 |
1792.713 |
1332.925 |
|
|
|
|
|
|
TOTAL |
2113.649 |
2056.028 |
1614.998 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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|
SALES |
|
|
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|
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TOTAL |
2992.623 |
1669.944 |
2945.722 |
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|
Less |
EXPENSES |
|
|
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|
|
|
TOTAL |
2814.518 |
1595.027 |
2815.503 |
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|
PROFIT/
(LOSS) BEFORE TAX |
178.105 |
74.917 |
130.219 |
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|
Less |
TAX |
31.691 |
0.000 |
0.000 |
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|
PROFIT/
(LOSS) AFTER TAX |
146.414 |
74.917 |
130.219 |
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|
EARNINGS IN
FOREIGN CURRENCY |
1700.763 |
507.450 |
0.077 |
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|
IMPORTS |
12.047 |
87.712 |
178.829 |
|
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|
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|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
28.66 |
14.66 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
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|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.61 |
3.78 |
8.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36 |
0.22 |
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.57 |
0.86 |
0.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.21 |
1.14 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
51.092 |
51.092 |
51.092 |
|
Reserves & Surplus |
214.149 |
289.066 |
435.479 |
|
Share Application money
pending allotment |
5.460 |
5.460 |
5.460 |
|
Net
worth |
270.701 |
345.618 |
492.031 |
|
|
|
|
|
|
long-term borrowings |
168.595 |
223.835 |
146.388 |
|
Short term borrowings |
67.688 |
71.851 |
132.370 |
|
Total
borrowings |
236.283 |
295.686 |
278.758 |
|
Debt/Equity
ratio |
0.873 |
0.856 |
0.567 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
2945.722 |
1669.944 |
2992.623 |
|
|
|
-43.310 |
79.205 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
2945.722 |
1669.944 |
2992.623 |
|
Profit |
130.219 |
74.917 |
146.414 |
|
|
4.42% |
4.49% |
4.89% |
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 |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
|
HIGH COURT OF BOMBAY |
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|
CASE DETAILS |
||||||
|
BENCH:- BOMBAY |
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|
PRESENTATION DATE: 15/11/2014 |
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|
STAMP NO:- CPL/836/2014 |
FILING DATE:- 15/11/2014 |
REG. NO.: CP/985/2014 |
REG. DATE: 31/12/2014 |
|||
|
PETITIONER:- |
DMSON’S METAL PRIVATE LIMITED |
RESPONDENT:- |
HITECH ENGINEERING CORPORATION INDIA PRIVATE LIMITED |
|||
|
PETN.ADV:- |
ANIL AGARWAL (179) |
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DISTRICT:- |
MUMBAI |
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BENCH:- |
SINGLE |
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STATUS:- |
PRE-ADMISSION |
CATEGORY:- |
COMPANY PETITION U/SEC 433, 434, 439 COMPANIES ACT |
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|
NEXT DATE:- |
12/02/2015 |
STAGE:- |
FOR ADMISSION – FRESH [ORIGINAL SIDE MATTERS] |
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CORAM:- |
HON’BLE SHRI JUSTICE S.J. KATHAWALLA |
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ACT:- |
COMPANIES ACT AND RULES 1956 |
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UNDER SECTION:- |
433 (E), 434, 439 |
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INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10407382 |
07/01/2013 |
5,000,000.00 |
LOKSEVA SAHAKARI BANK LIMITED |
430, NARPATGIRI
CHOWK, MANGALWAR PETH, NARPATGIRI, |
B69312163 |
|
2 |
10377693 |
03/09/2012 |
30,000,000.00 |
BHARATI SAHAKARI BANK LIMITED |
BHARATI VIDYAPEETH BHAVAN, 13, SADASHIV PETH, LAL BAHADDUR SHASHTRI ROAD, PUNE, MAHARASHTRA - 411030, INDIA |
B58526385 |
|
3 |
10377697 |
28/08/2012 |
35,000,000.00 |
BHARATI SAHAKARI BANK LIMITED |
BHARATI VIDYAPEETH BHAVAN, 13, SADASHIV PETH, LAL BAHADDUR SHASHTRI ROAD, PUNE, MAHARASHTRA - 411030, INDIA |
B58527128 |
|
4 |
10373141 |
11/07/2012 |
27,500,000.00 |
BHARATI SAHAKARI BANK LIMITED |
BHARATI VIDYAPEETH BHAVAN, 13, SADASHIV PETH, LAL BAHADDUR SHASHTRI ROAD, PUNE, MAHARASHTRA - 411030, INDIA |
B56640436 |
|
5 |
10173274 |
16/08/2010 * |
446,900,000.00 |
BANK OF MAHARASHTRA |
NAGAR PARISHAD
BUILDING, BHIGWAN CHOWK, BARAMATI, |
A95937009 |
|
6 |
10155554 |
06/04/2009 |
400,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
418-422, 4TH FLOOR, SOHRAB HALL, 21, SASOON ROAD, PUNE, MAHARASHTRA - 411001, INDIA |
A61204525 |
|
7 |
10155555 |
06/04/2009 |
530,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
418,422, 4TH FLOOR, SOHRAB HALL, 21, SASOON ROAD, PUNE, MAHARASHTRA - 411001, INDIA |
A61204806 |
|
8 |
10155553 |
06/04/2009 |
700,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
418-422, 4TH FLOOR, SOHRAB HALL, 21, SASOON ROAD, PUNE, MAHARASHTRA - 411001, INDIA |
A61204145 |
|
9 |
10152080 |
02/04/2009 |
878,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE
SENAPATI BAPAT MARG, LOWER PAREL |
A60184173 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
31.550 |
52.750 |
|
Other loans and advances, others |
50.471 |
84.952 |
|
Total |
82.021 |
137.702 |
FIXED ASSETS
Tangible Assets
· Land
Buildings
Plant
and Equipment
Furniture
and Fixtures
Vehicles
Motor
Vehicles
Office
Equipment
Computer
Equipments
Other
Equipments
Books
Periodicals
Intangible Assets
· 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.62.15 |
|
|
1 |
Rs.94.72 |
|
Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.