MIRA INFORM REPORT
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Report No. : |
304869 |
|
Report Date : |
28.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
SVENSKA
TECHNOLOGIES PRIVATE LIMITED |
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Registered
Office : |
Unit No. 313/314, Ganatra Industrial Estate, Cadbury Junction, Eastern
Express Highway, Kopat, Thane (West), Thane – 400 601 Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
23.03.2000 |
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Com. Reg. No.: |
11-125183 |
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Capital
Investment / Paid-up Capital : |
Rs. 17.500 Millions |
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CIN No.: [Company Identification
No.] |
U29246MH2000PTC125183 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
PNES1678D / MUMS36487D |
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PAN No.: [Permanent Account No.] |
AAFCS2234L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is an authorized dealer of VOLVO CONSTRUCTION EQUIPMENT division of VOLVO INDIA PRIVATE LIMITED for Maharashtra and Goa and also
engaged in sales, marketing, labour charges and after sales support of
construction equipment. |
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|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 moderate track record. The rating is constrained on account of continuous dip in the turnover
and continuous losses incurred by the company from its two years of
operations. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings with some caution |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Term Loan = (BB+) (Suspended) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
23.11.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = (A4+) (Suspended) |
|
Rating Explanation |
Minimal degree of safety. It carry very high
credit risk. |
|
Date |
23.11.2014 |
Reason for Supension: Non Co–Operation by the
company to undertake rating.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Swapnil Bapat |
|
Designation : |
Account Manager |
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Contact No.: |
91-22-25470940 |
|
Date : |
24.01.2015 |
LOCATIONS
|
Registered Office / Head Office: |
Unit No. 313/314, Ganatra Industrial Estate, Cadbury Junction, Eastern
Express Highway, Kopat, Thane (West), Thane - 400601 Maharashtra, India |
|
Tel. No.: |
91-22-25471108/25470940/41853535/41863636 |
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Fax No.: |
91-22-25474106/41853536 |
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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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Branch Office : |
Located at ·
Aurangabad ·
Goa ·
Kolhapur ·
Nagpur ·
Nasik ·
Panvel ·
Pune |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Mangesh Manohar Vaidya |
|
Designation : |
Managing Director |
|
Address : |
1005, B Wing, |
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Date of Birth/Age : |
11.07.1958 |
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Qualification : |
B.E, MBA |
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Date of Appointment : |
23.03.2000 |
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DIN No.: |
01639893 |
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Name : |
Mrs. Meeta Mangesh Vaidya |
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Designation : |
Director |
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Address : |
1006, B Wing, |
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Date of Birth/Age : |
23.12.1961 |
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Qualification : |
B.E, MBA |
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Date of Appointment : |
23.03.2000 |
|
DIN No.: |
01639848 |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Meeta Mangesh Vaidya |
116667 |
66.67 |
|
Mangesh Manohar Vaidya |
58333 |
33.33 |
|
Total |
175000 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is an authorized dealer of VOLVO CONSTRUCTION EQUIPMENT division of VOLVO INDIA PRIVATE LIMITED for Maharashtra and Goa and also
engaged in sales, marketing, labour charges and after sales support of
construction equipment. |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
·
HDFC Bank Limited, HDFC Bank House, Senapati Bapat
Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India ·
State Bank of India, Agiyari cross Lane, Tambi
Naka, Thane (West), Thane – 400601, Maharashtra, India ·
Hongkong and Shanghai Banking Corporation Limited,
52/60, M.G. Road, Fort, Mumbai – 400001, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
|
|
Auditors : |
|
|
Name : |
P. M. Dalvi and Company Chartered Accountants |
|
Address : |
126, Bharat Co-operative Industrial Premises, L.B.S. Road, Bhandup
(West), Mumbai – 400 078, Maharashtra, India |
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PAN No.: |
AAKFP2783P |
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Memberships : |
Not Available |
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Collaborators : |
-Not Available |
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Group Companies
: |
·
Ba Wen Infra Equip Private Limited ·
Svanska Infrastructure Equipment Private Limited ·
Svanska Institute of Technology ·
Svanska Intelly Serve Private Limited |
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Subsidiary
Companies : |
·
Svanska Infra Services Private Limited CIN
No.: U74210MH2008PTC188689 ·
Minestruck Infrastructure Private Limited CIN
No.: U10100MH2005PTC152803 |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
175000 |
Equity Shares |
Rs.100/-
each |
Rs. 17.500
Millions |
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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 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
17.500 |
20.000 |
17.500 |
|
(b) Reserves & Surplus |
27.961 |
64.877 |
101.181 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
45.461 |
84.877 |
118.681 |
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|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
16.448 |
37.905 |
17.728 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.533 |
2.470 |
2.470 |
|
Total
Non-current Liabilities (3) |
17.981 |
40.375 |
20.198 |
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|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
85.369 |
78.567 |
113.514 |
|
(b) Trade payables |
141.193 |
153.099 |
152.353 |
|
(c) Other current liabilities |
28.684 |
37.049 |
62.782 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
255.246 |
268.715 |
328.649 |
|
|
|
|
|
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TOTAL |
318.688 |
393.967 |
467.528 |
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|
|
|
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II.
ASSETS |
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|
|
|
(1) Non-current assets |
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|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
69.895 |
95.880 |
119.910 |
|
(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 |
2.269 |
2.269 |
2.269 |
|
(c) Deferred tax assets (net) |
1.740 |
5.256 |
6.091 |
|
(d) Long-term Loan and Advances |
34.444 |
37.161 |
29.094 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
108.348 |
140.566 |
157.364 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
56.505 |
112.175 |
128.404 |
|
(c) Trade receivables |
119.895 |
119.189 |
143.539 |
|
(d) Cash and cash equivalents |
18.628 |
8.686 |
21.801 |
|
(e) Short-term loans and
advances |
15.312 |
13.351 |
16.420 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
210.340 |
253.401 |
310.164 |
|
|
|
|
|
|
TOTAL |
318.688 |
393.967 |
467.528 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
350.685 |
616.319 |
|
|
|
Other Income |
19.014 |
10.109 |
|
|
|
TOTAL
(A) |
369.699 |
626.428 |
831.090 |
|
|
|
|
|
|
|
Less |
TOTAL
EXPENSES (B) |
365.463 |
619.271 |
745.986 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
4.209 |
7.157 |
85.104 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.090 |
20.712 |
27.261 |
|
|
|
|
|
|
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(11.881) |
(13.555) |
57.843 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
14.560 |
21.622 |
30.442 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(26.441) |
(35.177) |
27.401 |
|
|
|
|
|
|
|
Less |
TAX
(H) |
3.516 |
0.835 |
10.851 |
|
|
|
|
|
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|
|
PROFIT/
(LOSS) AFTER TAX (G-H)
(I) |
(29.957) |
(36.012) |
16.550 |
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
57.651 |
93.663 |
77.155 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
1.655 |
|
|
|
|
|
|
|
|
REVERSAL
OF EXCESS PROVISION MADE FOR STOCK OBSOLENCE |
0.000 |
0.000 |
1.623 |
|
|
|
|
|
|
|
|
SHORT
PROVISION OF TAX (A.Y. 2007-08) |
0.000 |
0.292 |
0.000 |
|
|
|
|
|
|
|
|
SHORT
PROVISION OF TAX (A.Y. 2008-09) |
1.326 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
SHORT
PROVISION OF TAX (A.Y. 2011-12) |
0.758 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
25.318 |
57.359 |
93.663 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
18.031 |
0.000 |
0.000 |
|
|
TOTAL
EARNINGS |
18.031 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(171.00) |
(180.00) |
166.00 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(8.54) |
(5.84) |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
1.20 |
1.16 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(8.40) |
(9.10) |
5.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.58) |
(0.41) |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.24 |
1.37 |
1.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.82 |
0.94 |
0.94 |
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 |
17.500 |
20.000 |
17.500 |
|
Reserves & Surplus |
101.181 |
64.877 |
27.961 |
|
Net
worth |
118.681 |
84.877 |
45.461 |
|
|
|
|
|
|
long-term borrowings |
17.728 |
37.905 |
16.448 |
|
Short term borrowings |
113.514 |
78.567 |
85.369 |
|
Total
borrowings |
131.242 |
116.472 |
101.817 |
|
Debt/Equity
ratio |
1.106 |
1.372 |
2.240 |
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 |
831.090 |
626.428 |
369.672 |
|
|
|
(24.626) |
(40.987) |
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 |
831.090 |
626.428 |
369.672 |
|
Profit |
16.550 |
(36.012) |
(29.957) |
|
|
1.99% |
(5.75%) |
(8.10%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM DEBT:
(Rs.
In Millions)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Term Loans |
|
|
|
|
From Banks |
|
|
|
|
Secured |
11.612 |
12.662 |
12.447 |
|
Unsecured |
0.000 |
0.000 |
0.000 |
|
From Related Parties |
|
|
|
|
Secured |
0.243 |
4.270 |
9.194 |
|
|
|
|
|
|
|
11.856 |
16.932 |
21.641 |
|
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 |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
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 |
Yes |
NOTE: Registered office
address of the company has been shifted from 318, Orion Business Park,
Ghodbunder Road, Near Cine Wonder Mall, Thane (West), Thane – 400 607,
Maharashtra, India to the present address w.e.f.17.05.2013
GENERAL INFORMATION:
The company is an authorized dealer of VOLVO CONSTRUCTION EQUIPMENT
division of VOLVO INDIA PRIVATE LIMITED for Maharashtra and Goa. The company is
engaged in sales, marketing, labour charges and after sales support of
construction equipment.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Form Other Parties |
1.392 |
0.000 |
|
|
|
|
|
SHORT TERM
BORROWING |
|
|
|
Reliance Capital Limited |
4.113 |
7.556 |
|
|
|
|
|
Total |
5.505 |
7.556 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10398239 |
29/12/2012 |
137,600,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013,
INDIA |
B66266842 |
|
2 |
10380733 |
21/08/2012 |
5,000,000.00 |
BAJAJ
FINANCE LIMITED |
AKURDI
PUNE-, MUMBAI, MAHARASHTRA - 411035, INDIA |
B59757419 |
|
3 |
10257946 |
16/11/2010 |
80,000,000.00 |
HONGKONG
AND SHANGHAI BANKING CORPORATION LIMITED |
52/60
M G ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B00775296 |
|
4 |
10229685 |
24/05/2010 |
4,080,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013,
INDIA |
A89491559 |
|
5 |
10225738 |
24/05/2010 |
7,250,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013,
INDIA |
A88222328 |
|
6 |
10186309 |
26/09/2009 |
5,745,000.00 |
RELIANCE
CAPITAL LTD |
"H"
BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE C |
A73378788 |
|
7 |
10014327 |
09/08/2006 |
446,700.00 |
STATE
BANK OF INDIA |
THANE
MAIN BRANCH, THANE, MAHARASHTRA - 400601, INDIA |
A03505732 |
|
8 |
10013933 |
25/07/2006 |
435,000.00 |
STATE
BANK INDIA |
THANE
MAIN BRANCH, THANE, MAHARASHTRA - 400601, INDIA |
A03319290 |
|
9 |
80031066 |
29/09/2010
* |
161,200,000.00 |
STATE
BANK OF INDIA |
AGIYARI
CROSS LANE,, TAMBI NAKA, THANE (W), THANE, MAHARASHTRA - 400601, INDIA |
A98866353 |
|
10 |
90148962 |
29/09/2010
* |
161,200,000.00 |
STATE
BANK OF INDIA |
AGIYARI
CROSS LANE,, TAMBI NAKA, THANE (W), THANE, MAHARASHTRA - 400601, INDIA |
A98865041 |
* Date of charge modification
FIXED ASSETS:
·
Air Conditioner
·
Camera
·
Computer
·
Cooler
·
Copper Machine
·
Electrical Instrument
·
Fan
·
Fax Machine
·
Furniture
·
Jeep
·
Land
·
Office Premises
·
Shed
·
Storage Unit
·
Telephone Instruments
·
Television
·
Vehicles
Office Equipments
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.61.46 |
|
|
1 |
Rs.92.77 |
|
Euro |
1 |
Rs.69.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ART |
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 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.