MIRA INFORM REPORT
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Report No. : |
325569 |
|
Report Date : |
03.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
STEEL STRONG VALVES ( |
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Registered
Office : |
Plot No.241, T.T.C. Industrial Area, M.I.D.C., Rabale, Navi Mumbai –
400 701, Maharashtra |
|
Tel. No.: |
91-22-27690074/ 27695536/ 27607005/ 27699489/ 27699490 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of Incorporation
: |
09.12.1993 |
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Com. Reg. No.: |
11-075537 |
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Capital
Investment / Paid-up Capital : |
Rs.9.967
Million |
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|
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CIN No.: [Company Identification
No.] |
U28910MH1993PTC075537 |
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|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMS19360F |
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PAN No.: [Permanent Account No.] |
AAACS7348N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of manufacturing of Industrial
Valves. |
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No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record. Financial position of the company seems to be decent. The rating takes into consideration extensive experience of the Steel
strong group’s promoters in the valves industry and their established
relationship with customers and supplier. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered normal 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : BBB- |
|
Rating Explanation |
Have moderate degree of safety and carry moderate credit risk. |
|
Date |
16.01.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A3 |
|
Rating Explanation |
Have moderate degree of safety and carry higher credit risk. |
|
Date |
16.01.2015 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Nilesh |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-27695536 |
|
Date : |
02.06.2015 |
LOCATIONS
|
Registered Office/ Marketing Office/ Factory 1: |
Plot No.241, T.T.C. Industrial Area, M.I.D.C., Rabale, Navi Mumbai –
400 701, Maharashtra, India |
|
Tel. No.: |
91-22-27690074/ 27695536/ 27607005/ 27699489/ 27699490 |
|
Mobile No.: |
91-9223233565 (Mr. Manohar Goswami) |
|
Fax No.: |
91-22-27695537 |
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E-Mail : |
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|
Website : |
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Area : |
2000 sq. mt. |
|
Location : |
Owned |
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|
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|
Factory 2/ Regional Marketing Office: |
Plot No. B/176, 186, 187, 189, Ajanta Industrial Estate, Village Vasna
– Iyava, Taluka Sanand, Ahmedabad – 382 170, Gujarat, India |
|
Tel. No.: |
91-2717-619100 (60 lines) |
|
E-Mail : |
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Factory 3 : |
R-960/1, T.T.C. Industrial Area, M.I.D.C., Rabale, Navi Mumbai – 400
701, Maharashtra, India |
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|
Marketing Network: |
Located at: ·
Delhi ·
Kolkata ·
Bangalore ·
Chennai ·
Hyderabad ·
Kochi ·
Visakhapatnam |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ramesh Subbaiya Shetty |
|
Designation : |
Managing director |
|
Address : |
604, Mahavir Towers, L.B.S. Marg, Mulund (West), Mumbai – 400 080,
Maharashtra, India |
|
Date of Birth/Age : |
08.08.1954 |
|
Date of Appointment : |
09.12.1993 |
|
PAN No.: |
ACCPS6924K |
|
DIN No.: |
00443862 |
|
|
|
|
Name : |
Mrs. Smita Ramesh Shetty |
|
Designation : |
Director |
|
Address : |
604, Mahavir Towers, L.B.S. Marg, Mulund (West), Mumbai – 400 080,
Maharashtra, India |
|
Date of Birth/Age : |
25.04.1958 |
|
Date of Appointment : |
09.12.1993 |
|
PAN No.: |
ANPRS2479B |
|
DIN No.: |
00743291 |
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|
|
|
Name : |
Mr. Thomas George |
|
Designation : |
Director |
|
Address : |
Flat No.304, Plot No.4, 5, 6
and 7, Sector 8A, Airoli – 400 708, Maharashtra, India |
|
Date of Birth/Age : |
27.11.1954 |
|
Date of Appointment : |
08.06.2010 |
|
DIN No.: |
03093974 |
|
|
|
|
Name : |
Mr. Sagar Ramesh Shetty |
|
Designation : |
Director |
|
Address : |
604, Mahavir Towers, L.B.S. Marg, Mulund (West), Mumbai – 400 080,
Maharashtra, India |
|
Date of Birth/Age : |
14.12.1985 |
|
Date of Appointment : |
15.03.2011 |
|
DIN No.: |
02139996 |
KEY EXECUTIVES
|
Name : |
Mr. Nilesh |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ramesh Subbaiya Shetty |
|
99665 |
|
Thomas George |
|
1 |
|
Sagar Ramesh Shetty |
|
1 |
|
Total
|
|
99667 |
AS ON 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
%20PRIVATE%20LIMITED%20-%20325569_MIRA%2003-Jun-2015_files/image011.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing of Industrial
Valves. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
Kazakhstan |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Germany |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
BPCL |
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No. of Employees : |
250 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Rajesh Shetty and Company Chartered Accountants |
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Address : |
4, Param Jyot Apartment,Opp. J. B. Khot High School,Dattapada Road, Borivali (East), Mumbai – 400 066, Maharashtra, India |
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PAN No.: |
AWXPS2271C |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprise over which
Key Management Personnel are able to Exercise significant influence: |
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CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200,000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
99,667 |
Equity Shares |
Rs.100/-
each |
Rs.9.967
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
9.967 |
9.967 |
11.667 |
|
(b) Reserves & Surplus |
272.547 |
215.305 |
165.532 |
|
(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) |
282.514 |
225.272 |
177.199 |
|
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|
|
|
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(3)
Non-Current Liabilities |
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|
|
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(a) Long-term borrowings |
13.963 |
22.639 |
32.839 |
|
(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) |
13.963 |
22.639 |
32.839 |
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(4) Current Liabilities |
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(a)
Short term borrowings |
44.271 |
163.840 |
138.644 |
|
(b)
Trade payables |
106.985 |
152.489 |
157.982
|
|
(c)
Other current liabilities |
17.422 |
33.334 |
31.244
|
|
(d)
Short-term provisions |
36.814 |
36.694 |
18.894
|
|
Total
Current Liabilities (4) |
205.492 |
386.357 |
346.764 |
|
|
|
|
|
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TOTAL |
501.969 |
634.268 |
556.802 |
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II.
ASSETS |
|
|
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(1) Non-current assets |
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(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
154.930 |
159.391 |
116.608 |
|
(ii)
Intangible Assets |
1.818 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
22.025 |
1.140 |
0.000 |
|
(iv) Intangible assets under development |
0.698 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
4.143 |
2.952 |
1.157 |
|
(d) Long-term Loan
and Advances |
5.282 |
9.043 |
34.457 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
188.896 |
172.526 |
152.222 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
89.058 |
128.229 |
98.402
|
|
(c)
Trade receivables |
170.719 |
281.287 |
265.671
|
|
(d)
Cash and cash equivalents |
18.057 |
10.768 |
12.704
|
|
(e)
Short-term loans and advances |
32.732 |
39.897 |
26.584 |
|
(f)
Other current assets |
2.507 |
1.561 |
1.219 |
|
Total
Current Assets |
313.073 |
461.742 |
404.580 |
|
|
|
|
|
|
TOTAL |
501.969 |
634.268 |
556.802 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
860.000 [Approximately] |
|
|
|
|
|
|
[Due to market
fluctuation] |
|
|
|
|
|
Other Income |
NA |
|
|
|
|
|
TOTAL (A) |
NA |
940.748 |
696.884 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
816.880 |
627.675 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
123.868 |
69.209 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST (D) |
NA |
21.479 |
17.084 |
|
|
|
|
|
|
|
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|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
102.389 |
52.125 |
|
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
17.739 |
16.865 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
85.024 |
84.650 |
35.260 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
27.809 |
27.404 |
10.638 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
57.215 |
57.246 |
24.622 |
|
|
|
|
|
|
|
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|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
172.006 |
116.284 |
91.808 |
|
|
|
|
|
|
|
|
|
Less: |
Excess/(Short)
Provision of I. T/FBT - Previous Years |
NA |
1.524 |
0.146 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
172.006 |
116.284 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
22.644 |
Nil
|
0.075 |
|
|
|
|
|
|
|
|
|
|
Value of import |
0.895 |
Nil
|
NA |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
574.07 |
574.37 |
211.05 |
|
%20PRIVATE%20LIMITED%20-%20325569_MIRA%2003-Jun-2015_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20325569_MIRA%2003-Jun-2015_files/image004.gif){kind=small}
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
680.000 [Due to Market
Fluctuation] |
Expected Sales ( 2015-2016 ) : Rs.750.000 Million
The above information has been parted by Mr. Nilesh.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
4.121 |
20.373 |
17.245 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.90 |
13.43 |
6.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.38 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.21 |
0.83 |
0.97 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.52 |
1.20 |
1.17 |
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 |
11.667 |
9.967 |
9.967 |
|
Reserves & Surplus |
165.532 |
215.305 |
272.547 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
177.199 |
225.272 |
282.514 |
|
|
|
|
|
|
long-term borrowings |
32.839 |
22.639 |
13.963 |
|
Short term borrowings |
138.644 |
163.840 |
44.271 |
|
Current Maturities of
Long Term Debt |
17.245 |
20.373 |
4.121 |
|
Total borrowings |
188.728 |
206.852 |
62.355 |
|
Debt/Equity ratio |
1.065 |
0.918 |
0.221 |
%20PRIVATE%20LIMITED%20-%20325569_MIRA%2003-Jun-2015_files/image013.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last four years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
Yes |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG-TERM
BORROWINGS |
|
|
|
Rupee term loans from others |
10.000 |
15.000 |
|
Total
|
10.000 |
15.000 |
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10525214 |
06/09/2014 |
2,500,000.00 |
VIJAYA BANK |
GAURAV CORNER,NAVGHAR ROAD, MULUND-EAST, MULUND, |
C28945228 |
|
2 |
10434814 |
18/06/2013 |
512,000.00 |
VIJAYA BANK |
GAURAV CORNER,NAVGHAR ROAD, MULUND-EAST, MUMBAI, |
B78728391 |
|
3 |
10433662 |
29/05/2013 |
519,000.00 |
VIJAYA BANK |
INDUSTRIAL FINANCE BRANCH, KAMDHENU COMPLEX, OPP. |
B78218096 |
|
4 |
10412434 |
11/03/2013 |
1,550,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
1 & 2, DHANALAXMI RESIDENCY,, NEAR HOTEL TIP TOP |
B70999750 |
|
5 |
10379389 |
07/09/2012 |
560,000.00 |
VIJAYA BANK |
GAURAV CORNER,NAVGHAR ROAD, MULUND-EAST, MUMBAI, |
B59245811 |
|
6 |
10330674 |
16/12/2011 |
6,720,000.00 |
VIJAYA BANK |
GAURAV CORNER, MULUND EAST, MUMBAI, MAHARASHTRA - |
B30185763 |
|
7 |
10142626 |
18/06/2009 * |
65,500,000.00 |
VIJAYA BANK |
GAURANGI CHAMBERS,LBS MARG,OPP DAMANI ESTATE, THA |
A65453318 |
|
8 |
80002884 |
17/08/2013 * |
436,609,434.00 |
VIJAYA BANK |
GAURAV CORNER,NAVGHAR ROAD, MULUND-EAST, MUMBAI, |
B84667153 |
* Date of charge modification
CONTINGENT LIABILITIES NOT PROVIDED FOR (AS ON 31.03.2014):
(i) Bank Guarantee Issued: Rs. 121.301 Million (P.Y. Rs. 99.142 Million) (Secured by margin of Rs.16.006 Million P.Y. - Rs.10.083 Million)
(ii) Tax, Interest and penalty of Rs. 1.676 Million under Gujarat Value Added tax Act, 2003 (P. Y.: Rs. NIL)
REVIEW OF OPERATIONS
During the year, the Company has earned profit after tax of Rs. 57.215 Million as compared to Rs. 57.246 Million during the previous Financial Year. The Directors expect better results in forthcoming year.
NOTE
The registered office of the company has been shifted from 604, Mahavir Towers, L.B.S. Marg, Mulund (West), (Bombay-80. w.e.f. dated 01.06.1996) Mumbai – 400 080, Maharashtra to the present address w.e.f. 25.01.2013.
FIXED ASSETS:
·
Leasehold
Land
·
Freehold
Land
·
Factory
Buildings
·
Plant and Machinery
·
Pattern
and Mould Dies
·
Borewell
·
Electrical
Fittings
·
Furniture and Fixtures
·
Office Equipment
·
Computers
·
Crane
·
Tele.
Instruments
·
Air
Conditioners
·
Vehicles
·
Tempo
·
Xerox
Machine
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.63.83 |
|
|
1 |
Rs.97.10 |
|
Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
|
Information Gathered
by : |
KMN |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.