MIRA
INFORM REPORT
|
Report No. : |
308766 |
|
Report Date : |
20.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
REPUTE ENGINEERS
PRIVATE LIMITED |
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Registered
Office : |
D-1 Block, Plot No. 12/23, MIDC, Chinchwad, Pune – 411019, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
24.03.2000 |
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Com. Reg. No.: |
11-014658 |
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Capital Investment
/ Paid-up Capital : |
Rs. 0.149 Million |
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CIN No.: [Company Identification
No.] |
U29299PN2000PTC014658 |
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TIN No.: |
27480241990V |
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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
: |
Manufacturing of Cooling Towers. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
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 : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track.
Profitability of the company is fair. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but 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 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Hemant Deshpande |
|
Designation : |
General Manager – Finance |
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Contact No.: |
91-9423583561 |
|
Date : |
19.02.2015 |
LOCATIONS
|
Registered Office / Work : |
D-1 Block, Plot No. 12/23, MIDC, Chinchwad, Pune – 411019,
Maharashtra, India |
|
Tel. No.: |
91-20-27481687 |
|
Mobile No.: |
91-9422032069 (Mr. Deepak C. Konake) 91-9423583561 (Mr. Hemant Deshpande) 91-94225068688 (Mr. Dinesh C. Nambiar 91-9423580225 (Mr. Vishwanath N. Udipi) 91-9423586563 (Mr. Sanjeev S. Halbhavi) |
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Fax No.: |
91-20-27481368 |
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E-Mail : |
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Website : |
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Area : |
1800 Sq. ft. |
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Location : |
Owned |
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Marketing Officer : |
C – 27 and 52, First Floor, Sanghvi Steel Compound, Mohan Nagar,
chinchwad, Pune – 411019, Maharashtra, India |
DIRECTORS
As on 20.08.2014
|
Name : |
Mr. Dinesh Chellatton Nambiar |
|
Designation : |
B-203, Royal Residency, Aundh Road, Aundh, Pune - 411020, Maharashtra, India |
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Address : |
Managing Director |
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Date of Birth/Age : |
15.05.1963 |
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Date of Appointment : |
24.03.2000 |
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DIN No.: |
00649199 |
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Name : |
Mr. Vishwanath Narayan Udipi |
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Designation : |
Mount Vert Tranquille, S No. 181/182,, Twin Bunglow – 17, Pune, 411027, Maharashtra, India |
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Address : |
Director |
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Date of Birth/Age : |
15.01.1964 |
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Date of Appointment : |
24.03.2000 |
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DIN No.: |
00649154 |
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Name : |
Mr. Sanjeev Shivappa Halbhavi |
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Designation : |
Director |
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Address : |
Flat No C-11, Narsinh Residency, Phase I, S.No.81/2a/1a New Sanghvi, Pune - 411027, Maharashtra, India |
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Date of Birth/Age : |
12.03.1970 |
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Date of Appointment : |
01.04.2003 |
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DIN No.: |
00649217 |
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Name : |
Mr. Deepak Ramkrishna Kokane |
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Designation : |
Director |
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Address : |
Flat No. D-14, Sundar Park, Opp. Indian Hume Pipe, Company, Manik Baug, Vadgaon Budruk, Pune - 411 051, Aharashtra, India |
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Date of Birth/Age : |
04.03.1964 |
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Date of Appointment : |
01.04.2003 |
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DIN No.: |
00649253 |
KEY EXECUTIVES
|
Name : |
Mr. Hemant Deshpande |
|
Designation : |
General Manager – Finance |
MAJOR SHAREHOLDERS
As on 20.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
Dinesh Chellatton Nambiar |
|
12600 |
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Babysuma Dinesh Nambiar |
|
2300 |
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Total |
|
14900 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Cooling Towers. |
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Products : |
·
Pasteurization Plant ·
Aseptive Steriliser and Fitting ·
Processing Plant ·
CIP Systems ·
Heat Exchange ·
Tubular Heat Exchanger ·
High Pressure Homogenizers ·
Clarifiers and Separators |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit (30/60/90 Days) |
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Purchasing : |
Cash and Credit (30/60/90 Days) |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
·
End Users, Manufacturers and OEMs
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
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Auditors : |
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Name : |
S. Gautam and Associates Chartered Accountants |
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Address : |
#25,'B' Wing(Rear).,1st Floor, Kamala Crossroads, Opposite Pcmc
Building, Pimpri, Pune – 411018, Maharashtra, India |
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PAN No.: |
ABLFS5656G |
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Memberships : |
·
Mahratta Chamber of Commerce, Industries and
Agriculture ·
Indo-Italian chamber of commerce and Industry ·
Indo German Chamber of Commerce ·
Engineering Export Promotion council, India ·
Indian Dairy Association ·
Indian Pharma Machinery Manufacturers Association |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 20.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
14900 |
Equity Shares |
Rs.10/- each |
Rs. 0.149
Million |
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FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
0.149 |
0.149 |
0.149 |
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(b) Reserves & Surplus |
27.603 |
22.505 |
18.268 |
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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) |
27.752 |
22.654 |
18.417 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
0.767 |
1.562 |
3.101 |
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(b) Deferred tax liabilities
(Net) |
0.154 |
0.091 |
0.030 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
0.921 |
1.653 |
3.131 |
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(4) Current Liabilities |
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(a) Short term borrowings |
0.000 |
6.912 |
3.862 |
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(b) Trade payables |
30.613 |
31.841 |
17.708 |
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(c) Other current liabilities |
18.008 |
19.091 |
20.271 |
|
(d) Short-term provisions |
2.769 |
2.642 |
2.094 |
|
Total
Current Liabilities (4) |
51.390 |
60.486 |
43.935 |
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TOTAL |
80.063 |
84.793 |
65.483 |
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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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|
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(i) Tangible assets |
18.341 |
20.034 |
20.186 |
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(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.950 |
0.731 |
0.889 |
|
Total
Non-Current Assets |
19.291 |
20.765 |
21.075 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
29.242 |
28.812 |
21.357 |
|
(c) Trade receivables |
18.417 |
26.635 |
15.645 |
|
(d) Cash and cash equivalents |
4.865 |
1.310 |
1.096 |
|
(e) Short-term loans and
advances |
7.790 |
6.969 |
6.310 |
|
(f) Other current assets |
0.458 |
0.302 |
0.000 |
|
Total
Current Assets |
60.772 |
64.028 |
44.408 |
|
|
|
|
|
|
TOTAL |
80.063 |
84.793 |
65.483 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
TOTAL REVENUE |
159.503 |
149.187 |
130.741 |
|
|
|
|
|
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|
Less |
EXPENSES |
151.680 |
142.665 |
125.478 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
7.823 |
6.522 |
5.263 |
|
|
|
|
|
|
|
Less |
TAX |
2.689 |
2.286 |
1.507 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
5.134 |
4.236 |
3.756 |
|
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|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
6.694 |
2.200 |
9.015 |
|
|
TOTAL
EARNINGS |
6.694 |
2.200 |
9.015 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
344.56 |
284.30 |
252.08 |
Expected Sales (2014-2015) : Rs. 160.000 Millions
The above information has been parted by Mr. Hemant Deshpande
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.22 |
2.84 |
2.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.77 |
7.69 |
8.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.29 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.03 |
0.37 |
0.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18 |
1.06 |
1.01 |
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 |
0.149 |
0.149 |
0.149 |
|
Reserves & Surplus |
18.268 |
22.505 |
27.603 |
|
Net
worth |
18.417 |
22.654 |
27.752 |
|
|
|
|
|
|
long-term borrowings |
3.101 |
1.562 |
0.767 |
|
Short term borrowings |
3.862 |
6.912 |
0.000 |
|
Total
borrowings |
6.963 |
8.474 |
0.767 |
|
Debt/Equity
ratio |
0.378 |
0.374 |
0.028 |
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) |
|
Sales |
130.741 |
149.187 |
159.503 |
|
|
|
14.109 |
6.915 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
130.741 |
149.187 |
159.503 |
|
Profit |
3.756 |
4.236 |
5.134 |
|
|
2.87% |
2.84% |
3.22% |
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 |
No |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10541862 |
15/12/2014 |
675,000.00 |
Syndicate Bank |
202, Gawade Estate, Mumbai - Pune Road,, Chinchwad, Pune, Maharashtra - 411019, INDIA |
C39870977 |
|
2 |
10413857 |
06/03/2013 |
600,000.00 |
SYNDICATE BANK |
202, GAWADE ESTATE, MUMBAI-PUNE ROAD,, CHINCHWAD, |
B71457170 |
|
3 |
10390282 |
10/11/2012 |
597,000.00 |
SYNDICATE BANK |
202, GAWADE ESTATE, MUMBAI-PUNE ROAD,, CHINCHWAD, |
B63406508 |
|
4 |
10400206 |
07/03/2011 |
1,330,000.00 |
SYNDICATE BANK |
202, GAWADE ESTATE, MUMBAI-PUNE ROAD,, CHINCHWAD, |
B60980224 |
|
5 |
90083034 |
16/12/2014 * |
19,000,000.00 |
Syndicate Bank |
202, Gawade Estate, Mumbai - Pune Road,, Chinchwad, PUNE, Maharashtra - 411019, INDIA |
C39871736 |
* Date of charge modification
FIXED ASSETS
·
Land
·
Factory Building
·
Office Premises
·
Plant and Machinery
·
Electrical Installations
·
Office Equipment
·
Computer and Peripherals
·
Vehicle
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 records 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.62.24 |
|
|
1 |
Rs.95.57 |
|
Euro |
1 |
Rs.71.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
41 |
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.