MIRA INFORM REPORT
|
Report No. : |
301225 |
|
Report Date : |
05.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
ALTECH ALLOYS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-83/2, Phase – I, MIDC Kagal, Hathknangale, At Post Halsawade, District
Kolhapur – 416216, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
25.04.2005 |
|
|
|
|
Com. Reg. No.: |
25-020618 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.355
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27203PN2005PTC020618 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KLPA01603A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCA2178K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Non-Ferrous and Castings Metals. |
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Management of the company has not filed its latest financial after the
year 2012 with the government department. Mr. Amar Mandape Assistant Accountant Manager Provided all information
and also provided turnover figure but the financials are not verified. As per the available financial of 2012, the borrowings recorded by the
seems to be huge and increasing. However, trade relations are reported as fair. Business is active.
Payment terms are unknown. The company can be considered for business dealing with great 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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. Amar Mandape |
|
Designation : |
Assistant Account Manager |
|
Contact No.: |
91-231-2305054 |
|
Date : |
02.01.2015 |
LOCATIONS
|
Registered Office : |
A-83/2, Phase – I, MIDC Kagal, Hathknangale, At Post Halsawade,
District Kolhapur – 416216, Maharashtra, India |
|
Tel. No.: |
91-231-2305054 |
|
Mobile No.: |
91-9922445471 (Mr. Udhav) |
|
Fax No.: |
91-231-2305053 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
D-121, MIDC Kagal-Hatkanangale Industrial Area, Kolhapur – 416216,
Maharashtra, India |
|
Location : |
Owned |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Sanjeev Purushottam Tungatkar |
|
Designation : |
Director |
|
Address : |
C-5, Jayant Residency Mali Colony, Takala, Kolhapur – 416008,
Maharashtra, India |
|
Date of Birth/Age : |
13.04.1962 |
|
Date of Appointment : |
25.04.2005 |
|
DIN No.: |
00006770 |
|
|
|
|
Name : |
Mr. Uday Bhaskar Thite |
|
Designation : |
Director |
|
Address : |
CC-S-553/1, Flat No.G-1, Narayan Vihar R Ajendra Nagar, Kolhapur –
416004, Maharashtra, India |
|
Date of Birth/Age : |
29.09.1954 |
|
Date of Appointment : |
25.04.2005 |
|
DIN No.: |
00006773 |
|
|
|
|
Name : |
Mr. Satish Ravaji Kadukar |
|
Designation : |
Director |
|
Address : |
F/4, Narayan Vihar Opposite Water Tank, Rajendra Nagar, Kolhapur – 416004,
Maharashtra, India |
|
Date of Birth/Age : |
16.03.1969 |
|
Date of Appointment : |
25.04.2005 |
|
DIN No.: |
00006764 |
|
|
|
|
Name : |
Mr. Vilas Balasaheb Jadhav |
|
Designation : |
Director |
|
Address : |
Flat No.G-1, Shrikrupa Apartment, Plot No.46, Rajendra Kolhapur –
416004, Maharashtra, India |
|
Date of Birth/Age : |
31.03.1956 |
|
Date of Appointment : |
25.04.2005 |
|
DIN No.: |
00008086 |
|
|
|
|
Name : |
Mr. Gajanan Ravaji Kadukar |
|
Designation : |
Director |
|
Address : |
383/E, Sushila Apartment, Rajarampuri, 12th Lane, Kolhapur
– 416008, Maharashtra, India |
|
Date of Birth/Age : |
14.09.1961 |
|
Date of Appointment : |
25.04.2005 |
|
DIN No.: |
00006775 |
|
|
|
|
Name : |
Mr. Pradeep Balkrishna Tendulkar |
|
Designation : |
Additional Director |
|
Address : |
17/243/B, Sainandan Park, Near Rama Udyan, Miraj – 416410,
Maharashtra, India |
|
Date of Birth/Age : |
01.02.1967 |
|
Date of Appointment : |
06.12.2010 |
|
DIN No.: |
03263480 |
KEY EXECUTIVES
|
Name : |
Mr. Amar Mandape |
|
Designation : |
Assistant Accountant Manager |
|
|
|
|
Name : |
Mr. Udhav |
|
Designation : |
Account Manager |
|
|
|
|
Name : |
Mr. Shinde |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Uday Thite |
|
185124 |
|
Sanjeev Tungatkar |
|
185121 |
|
Satish Kadukar |
|
151469 |
|
Vilas Jadhav |
|
151467 |
|
Gajanan Kadukar |
|
168299 |
|
Rajendra Rajguru |
|
1 |
|
Asha Gund |
|
3 |
|
Sushila Thakkar |
|
3 |
|
Lata Purandare |
|
2 |
|
Sunanda Khare |
|
2 |
|
Snehmaee Bhonde |
|
1 |
|
Vivekanand Kulkarni |
|
300 |
|
Balkrishna Tungatkar |
|
1 |
|
Swati Awate |
|
1 |
|
Mona Joshi |
|
1 |
|
Nalini Nene |
|
1 |
|
Rajeshkumar Khare |
|
1 |
|
Sanjiwani Avchat |
|
1 |
|
Vasant P. Tapaswi |
|
1 |
|
Vaishali Tapaswi |
|
1 |
|
Pradeep Tendulkar |
|
93530 |
|
Narhari Kamat |
|
150 |
|
|
|
|
|
Total |
|
934580 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
99.96 |
|
Other top fifty shareholders |
|
0.04 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Non-Ferrous and Castings Metals. |
|
|
|
|
Products |
|
|
|
|
|
Exports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
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Imports : |
|
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Products : |
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|
Countries : |
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|
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Terms : |
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|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Licensed Capacity |
Installed Capacity |
Actual Production Qty. (Nos.) |
|
|
|
|
|
|
Hot-top Division
|
|
|
|
|
Altech Ladle 40 Kg.T |
Not Available |
Not Ascertained |
7377 |
|
Altech Sleeve S-12 O.E. 50 |
Not Available |
Not Ascertained |
9552 |
|
Altech Sleeve 50x80 B.I. |
Not Available |
Not Ascertained |
71616 |
|
Altech Sleeve 50x125 F.I. |
Not Available |
Not Ascertained |
43695 |
|
|
|
|
|
|
Alluminium
Foundry Division |
|
|
|
|
Lub Oil Sump Casting |
Not Available |
Not Ascertained |
425 |
|
Adapter Oil Pan |
Not Available |
Not Ascertained |
448 |
|
Lub Oil Cooler Cover |
Not Available |
Not Ascertained |
25 |
|
Head Oil Filter |
Not Available |
Not Ascertained |
117 |
|
|
|
|
|
|
Hexa Division |
|
|
|
|
Hexachlorethane (Kg) |
Not Available |
Not Ascertained |
381936 |
GENERAL INFORMATION
|
Suppliers : |
Elite Ceramic – Belgium |
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Customers : |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
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|||||||||||||||||||||||||||
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|||||||||||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
K G B and J Associates Chartered Accountants |
|
Address : |
103, 1st Floor, Kalpataru Plaza 1086/A, E Ward, Opposite
Hemkiran Desel, Rajaram Road, Kolhapur – 416001, Maharashtra, India |
|
PAN No.: |
AABFG2326E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries
: |
Not Available |
CAPITAL STRUCTURE
As on: 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
935480 |
Equity Shares |
Rs.10/- each |
Rs. 9.355
Millions |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
9.355 |
9.353 |
|
(b) Reserves & Surplus |
|
13.966 |
13.188 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
23.321 |
22.541 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
81.931 |
37.279 |
|
(b) Deferred tax liabilities (Net) |
|
2.144 |
1.956 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
84.075 |
39.235 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
43.701 |
23.657 |
|
(b) Trade payables |
|
20.780 |
7.358 |
|
(c) Other current liabilities |
|
27.491 |
17.526 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
|
91.972 |
48.541 |
|
|
|
|
|
|
TOTAL |
|
199.368 |
110.317 |
|
|
|
|
|
|
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
135.651 |
33.621 |
|
(ii) Intangible Assets |
|
0.206 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
27.885 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1.000 |
0.625 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
3.127 |
2.804 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
139.984 |
64.935 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
25.581 |
12.896 |
|
(c) Trade receivables |
|
25.478 |
15.690 |
|
(d) Cash and cash equivalents |
|
1.129 |
1.104 |
|
(e) Short-term loans and advances |
|
6.964 |
15.571 |
|
(f) Other current assets |
|
0.232 |
0.121 |
|
Total Current Assets |
|
59.384 |
45.382 |
|
|
|
|
|
|
TOTAL |
|
199.368 |
110.317 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
8.418 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
6.288 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
14.706 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
19.533 |
|
|
2] Unsecured Loans |
|
|
2.878 |
|
|
TOTAL BORROWING |
|
|
22.411 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.473 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
38.590 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
23.522 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.500 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
7.254 |
|
|
Sundry Debtors |
|
|
9.826 |
|
|
Cash & Bank Balances |
|
|
0.880 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
10.681 |
|
Total
Current Assets |
|
|
28.641 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
9.267 |
|
|
Other Current Liabilities |
|
|
1.293 |
|
|
Provisions |
|
|
3.513 |
|
Total
Current Liabilities |
|
|
14.073 |
|
|
Net Current Assets |
|
|
14.568 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
38.590 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
101.723 |
92.451 |
54.440 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
97.755 |
82.736 |
47.677 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION) |
3.968 |
9.715 |
6.763 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.983 |
1.215 |
1.103 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER
DEPRECIATION |
0.985 |
8.500 |
5.660 |
|
|
|
|
|
|
|
|
|
Less |
PRELIMINARY
EXPENSES WRITTEN OFF |
0.000 |
0.000 |
0.005 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.985 |
8.500 |
5.655 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.208 |
2.800 |
1.791 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.777 |
5.700 |
3.864 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.100 |
0.400 |
0.536 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
6.000 |
4.000 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
0.100 |
0.400 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.000 |
0.000 |
2.784 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
0.000 |
21.922 |
|
|
|
Resale |
0.000 |
0.000 |
5.124 |
|
|
TOTAL IMPORTS |
0.000 |
0.000 |
27.046 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.84 |
6.09 |
6.09 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
100.000 |
|
|
|
|
|
Expected Sales (2014-2015): Rs.130.000 Millions
The above information has been parted by Mr. Amar (Assistant Account
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.50 |
10.40 |
10.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.38 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
5.39 |
2.71 |
1.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.65 |
0.93 |
2.03 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
Year on Year Growth
|
Year on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
54.440 |
92.451 |
101.723 |
|
|
|
69.822 |
10.029 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Sales |
54.440 |
92.451 |
101.723 |
|
Profit |
3.864 |
5.700 |
0.777 |
|
|
7.10% |
6.17% |
0.76% |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
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 |
-- |
|
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 LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2012 |
As on 31.03.2011 |
|
Long term
borrowings |
|
|
|
Loans and advance from shareholders |
11.672 |
10.107 |
|
|
|
|
|
Total |
11.672 |
10.107 |
INDEX OF CHARGES
|
. |
Charge ID |
Date of Charge Creation/Modification
|
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10441179 |
12/07/2013 |
2,200,000.00 |
JANATA SAHAKARI BANK LTD |
KOLHAPUR BRANCH, 1436, C WARD, LAXMIPURI, KOLHAPUR, MAHARASHTRA - 416002,
INDIA |
B81252736 |
|
2 |
10441182 |
12/07/2013 |
3,700,000.00 |
JANATA SAHAKARI BANK LTD |
KOLHAPUR BRANCH, 1436, C WARD, LAXMIPURI, KOLHAPUR, MAHARASHTRA -
416002, INDIA |
B81253791 |
|
3 |
10394850 |
29/11/2012 |
9,000,000.00 |
JANATA SAHAKARI BANK LIMITED PUNE |
KOLHAPUR BRANCH, 1436, C WARD, LAXMIPURIK, KOLHAPUR, MAHARASHTRA -
416002, INDIA |
B65122608 |
|
4 |
10367862 |
13/07/2012 |
10,000,000.00 |
JANATA SAHAKARI BANK LIMITED PUNE |
KOLHAPUR BRANCH, 1436, C WARD, LAXMIPURI, KOLHAPU R, MAHARASHTRA -
416002, INDIA |
B44628824 |
|
5 |
10367864 |
13/07/2012 |
10,000,000.00 |
JANATA SAHAKARI BANK LIMITED PUNE |
KOLHAPUR BRANCH, 1436, C WARD, LAXMIPURI, KOLHAPUR, MAHARASHTRA - 416002,
INDIA |
B44629111 |
|
6 |
10321389 |
05/11/2011 |
16,000,000.00 |
JANATA SAHAKARI BANK LTD PUNE |
KOLHAPUR BRANCH, 1436, C WARD LAXMIPURI, KOLHAPUR, MAHARASHTRA -
416002, INDIA |
B27018324 |
|
7 |
10306170 |
22/07/2011 |
101,570,000.00 |
JANATA SAHAKARI BANK LIMITED PUN |
KOLHAPUR BRANCH, 1436, C WARD, LAXMIPURI, KOLHAPUR, MAHARASHTRA -
416002, INDIA |
B20498952 |
|
8 |
10282887 |
18/04/2011 |
5,000,000.00 |
JANATA SAHAKARI BANK LIMITED PUNE |
KOLHAPUR BRANCH, KOLHAPUR, MAHARASHTRA - 416001, INDIA |
B11474350 |
|
9 |
10268532 |
17/02/2011 |
6,000,000.00 |
JANATA SAHAKARI BANK LIMITED PUNE |
KOLHAPUR BRANCH, KOLHAPUR, MAHARASHTRA - 416001, INDIA |
B06898886 |
|
10 |
10264809 |
13/01/2011 |
30,000,000.00 |
JANATA SAHAKARI BANK LIMITED PUNE |
KOLHAPUR BRANCH, KOLHAPUR, MAHARASHTRA - 416001, INDIA |
B04827879 |
* Date of charge modification
FIXED ASSETS:
· Land
· Building
· Electrical Installations
· Plant and Machinery
· Pollution Control Equipment
· Furniture
· Office Equipment
· Computer
· Computer Systems
·
Hero Honda CD Deluxe
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. 63.29 |
|
|
1 |
Rs. 98.39 |
|
Euro |
1 |
Rs. 76.31 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
NO |
|
--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.