MIRA INFORM REPORT
|
Report No. : |
324875 |
|
Report Date : |
02.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUN ENVIRO TECHNOLOGIES PRIVATE LIMITED |
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|
|
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Registered
Office : |
Plot No. 22, Ashok Colony, Pratap Nagar, Nagpur – 440025, Maharashtra |
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Tel. No.: |
91-712-2282888 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
28.11.2006 |
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Com. Reg. No.: |
11-165835 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
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CIN No.: [Company Identification
No.] |
U74140MH2006PTC165835 |
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|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPM04610E |
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|
|
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PAN No.: [Permanent Account No.] |
AAKCS7578N |
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Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Providing consultancy and turnkey projects suppliers
of effluent treatment plants |
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|
|
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No. of Employees
: |
33 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 21000 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities are
limited. 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 small 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
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 (GENERAL DETAILS)
|
Name : |
Ms. Nilima |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-712-2282888/2282606 |
|
Date : |
29.05.2015 |
LOCATIONS
|
Registered Office : |
Plot No. 22, Ashok Colony, Pratap Nagar, Nagpur – 440025, Maharashtra,
India |
|
Tel. No.: |
91-712-2282888/2282608 |
|
Fax No.: |
91-712-2282888 |
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E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Utkasrsha Ashokro Khopkar |
|
Designation : |
Director |
|
Address : |
83 Indraprasth Nagar, Pannase Layout, Co-Operative Housing Society,
Nagpur – 440022, Maharashtra, India |
|
Date of Birth/Age : |
28.09.1970 |
|
Date of Appointment : |
28.11.2006 |
|
DIN No.: |
00999498 |
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|
|
|
Name : |
Mr. Jagdish Balkrishna Lanjewar |
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Designation : |
Director |
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Address : |
27 Doctors Colony Chhatrap, Pati Nagar Wardha Road, Nagpur – 440015,
Maharashtra, India |
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Date of Birth/Age : |
04.03.1970 |
|
Date of Appointment : |
28.11.2006 |
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DIN No.: |
00858764 |
KEY EXECUTIVES
|
Name : |
Ms. Nilima |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Utkash Ashok Khopkar |
2500 |
50.00 |
|
Lanjewar Jagdish |
2500 |
50.00 |
|
|
|
|
|
Total |
5000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing consultancy and turnkey projects suppliers
of effluent treatment plants |
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Products : |
Not Available |
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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 : |
Cheque, Others and Consultants |
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Purchasing : |
Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
33 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
C. M. Patel and Company Chartered Accountants |
|
Address : |
Gani Sans Charitable Trust Building, Residency Road, Sadar, Nagpur –
440001, Maharashtra, India |
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Tel. No.: |
91-22-2584800 / 2584082 |
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Email : |
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PAN No.: |
AACFC6640G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on 30.09.2014
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.100/- each |
Rs. 1.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
5000 |
Equity Shares |
Rs.100/-
each |
Rs.0.500
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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|
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I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
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|
(a) Share Capital |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
6.757 |
5.193 |
3.898 |
|
(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) |
7.257 |
5.693 |
4.398 |
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3.738 |
3.738 |
2.679 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
3.738 |
3.738 |
2.679 |
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.039 |
0.209 |
|
(b) Trade payables |
11.933 |
5.383 |
6.479 |
|
(c) Other current liabilities |
5.621 |
7.703 |
8.356 |
|
(d) Short-term provisions |
0.533 |
0.432 |
0.345 |
|
Total
Current Liabilities (4) |
18.087 |
13.557 |
15.389 |
|
|
|
|
|
|
TOTAL |
29.082 |
22.988 |
22.466 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
8.395 |
8.442 |
7.662 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
2.383 |
0.392 |
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) |
0.082 |
0.039 |
0.026 |
|
(d) Long-term Loan and Advances |
0.484 |
0.240 |
0.570 |
|
(e) Other Non-current assets |
2.342 |
1.188 |
0.908 |
|
Total
Non-Current Assets |
13.686 |
10.301 |
9.166 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.857 |
5.025 |
2.063 |
|
(c) Trade receivables |
9.046 |
3.816 |
9.408 |
|
(d) Cash and cash equivalents |
3.129 |
2.399 |
0.408 |
|
(e) Short-term loans and
advances |
2.329 |
1.378 |
1.421 |
|
(f) Other current assets |
0.035 |
0.069 |
0.000 |
|
Total
Current Assets |
15.396 |
12.687 |
13.300 |
|
|
|
|
|
|
TOTAL |
29.082 |
22.988 |
22.466 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
44.487 |
45.829 |
36.413 |
|
|
Other Income |
0.153 |
0.148 |
0.049 |
|
|
TOTAL
|
44.640 |
45.977 |
36.462 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
41.795 |
43.599 |
34.703 |
|
|
|
|
|
|
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|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.845 |
2.378 |
1.759 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
0.581 |
0.471 |
0.241 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
2.264 |
1.907 |
1.518 |
|
|
|
|
|
|
|
Less |
TAX |
0.700 |
0.613 |
0.527 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1.564 |
1.294 |
0.991 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.191 |
3.897 |
2.906 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
6.755 |
5.191 |
3.897 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
3.575 |
29.568 |
32.852 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
312.80 |
258.80 |
198.20 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.52 |
2.82 |
2.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.51 |
8.45 |
6.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.33 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.52 |
0.66 |
0.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.85 |
0.94 |
0.86 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
3.898 |
5.193 |
6.757 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
4.398 |
5.693 |
7.257 |
|
|
|
|
|
|
long-term borrowings |
2.679 |
3.738 |
3.738 |
|
Short term borrowings |
0.209 |
0.039 |
0.000 |
|
Total
borrowings |
2.888 |
3.777 |
3.738 |
|
Debt/Equity
ratio |
0.657 |
0.663 |
0.515 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
36.413 |
45.829 |
44.487 |
|
|
|
25.859 |
(2.928) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
36.413 |
45.829 |
44.487 |
|
Profit |
0.991 |
1.294 |
1.564 |
|
|
2.72% |
2.82% |
3.52% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from 178, Chhatrapati Nagar, Nagpur – 440015, Maharashtra, India to the present address w.e.f. 01.11.2013
OPERATION
In this Connection the directors are point out that the sales for the year
were lower than the previous year. The total sales were Rs44.487 million during
the year as against Rs. 45.829 million from previous year. The operations for
the year resulted in net profit of Rs2.264 million as against net profit of Rs.
1.907 million in the previous year. Though the company has earned an operating
profit of Rs. 2.845 million in the current year and Rs. 2.378 million from previous year. The
directors are very optimistic about enhancing the sales as well as profit in
the coming year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG-TERM
BORROWINGS |
|
|
|
From directors |
|
|
|
Jagdish Lanjewar |
2.025 |
2.025 |
|
Utkarsh Khopar |
1.713 |
1.713 |
|
|
|
|
|
Total |
3.738 |
3.738 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10091898 |
31/03/2015 * |
18,000,000.00 |
State Bank of India |
SMECCC BRANCH, SHRADHANANDPETH,
SOUTH AMBAZARI RO |
C50971167 |
*Date of charge modification
FIXED ASSETS
- Land
- Furniture and
Fixture
- Office
Equipment
- computer
- Air
Conditioner
- Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.61 |
|
|
1 |
Rs.97.27 |
|
Euro |
1 |
Rs.69.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
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Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.