MIRA INFORM REPORT
|
Report No. : |
311125 |
|
Report Date : |
10.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
EMERSON PROCESS MANAGEMENT (INDIA) PRIVATE LIMITED (w.e.f.06.08.2002) |
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|
Formerely Known
As : |
ROSEMOUNT (INDIA) LIMITED |
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Registered
Office : |
“Delphi” B Wing, 601 and 602, 6th Floor, Central Avenue, Hiranandani
Business Park, Powai, Mumbai – 400076, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
25.03.1981 |
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Com. Reg. No.: |
11-024115 |
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Capital Investment
/ Paid-up Capital : |
Rs. 105.614 Million |
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CIN No.: [Company Identification
No.] |
U29196MH1981PTC024115 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMF00669E |
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PAN No.: [Permanent Account No.] |
AAACF1667M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of control equipments. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having good track record. Financial position of the company is sound. Fundamentals of the company
are strong and healthy. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitment. 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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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.
LOCATIONS
|
Registered/ Head Office : |
“Delphi” – B Wing, 601 & 602, 6th Floor, Central Avenue,
Hiranandani Business Park, Powai, Mumbai – 400076, Maharashtra, India |
|
Tel. No.: |
91-22-66620555/ 66620566 |
|
Fax No.: |
91-22-66620500 |
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E-Mail : |
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|
Website : |
www2.emersonprocess.com |
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Location : |
Owned |
|
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Factory 1: |
Plot No. A145/4, TTC Industrial Area, Pawane, MIDC, Navi Mumbai - 400705, Maharashtra, India |
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Tel. No.: |
91-22-66736000 |
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Factory 2: |
No.147, Rajiv Gandhi Salai, OMR, Karapakkam Village, Chennai – 600097, TamilNadu |
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Tel. No.: |
91-44-49034300 |
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Branch Office : |
5 Floor, Plot # 23, Rajiv Gandhi Infotech Park Phase II, Hinjewade, Pune - 411057, Maharashtra, India |
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Other Offices : |
NORTH REGION Head Office · Gurgaon Branch Offices · Lucknow · Kota · Chandigarh CENTRAL REGION Head Office · Baroda Branch Offices · Surat · Bhopal · Rajkot WESTERN REGION Head Office · Mumbai · Pune Branch Offices · Nagpur · Raipur EAST REGION Head Office · Kolkata Branch Office · Bhuvaneshwar SOUTH REGION Head Office · Chennai Branch Offices · Hyderabad · Bangalore · Vizag |
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Engg. Centre : |
Located at · Pune · Noida · Chennai |
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Overseas Offices : |
Located at · Bangladesh · Sri Lanka |
DIRECTORS
AS ON 26.09.2014
|
Name : |
Mr. Michael Howard Train |
|
Designation : |
Director |
|
Address : |
Charles Howard Train, 22, Nassim Road, Singapore, 258452 |
|
Date of Birth/Age : |
25.01.1962 |
|
Date of Appointment : |
09.04.2002 |
|
DIN No.: |
00736644 |
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Name : |
Mr. Pradipta Tirthapati sen |
|
Designation : |
Director |
|
Address : |
304, Tower-2, Plams, South City 1, Gurgaon – 122001, Haryana, India |
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Date of Birth/Age : |
07.10.1958 |
|
Date of Appointment : |
30.12.2003 |
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DIN No.: |
00051758 |
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Name : |
Mr. Sharad Amrut Rane |
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Designation : |
Alternate director |
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Address : |
Flat No. 4, 4th Floor, The Residency, Vishweshwar Nagar,
Goregaon (East), Mumbai – 400063, Maharashtra, India |
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Date of Birth/Age : |
15.03.1959 |
|
Date of Appointment : |
23.09.2008 |
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DIN No.: |
02368830 |
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Name : |
Mr. Amit Ashok Paithankar |
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Designation : |
Managing Director |
|
Address : |
B-406, Lake Primrose, Phase-4, Lake Homes, Powai, Mumbai - 400076,
Maharashtra,India |
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Date of Birth/Age : |
01.04.1971 |
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Qualification : |
BE-Electrical Engineer, VJTI- Mumbai ; Ph. D Technology -VJTI, Mumbai, Masters Diploma in Business Administration (Finance) –
Symbiosis, Pune |
|
Date of Appointment : |
28.09.2012 |
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PAN No.: |
ACVPP9629H |
|
DIN No.: |
02435057 |
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|
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Name : |
Mr. Sabayachi Subodh Kumar Mitra |
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Designation : |
Director |
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Address : |
16, Verde Crescent, Singapore – 688731 |
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Date of Birth/Age : |
06.10.1964 |
|
Date of Appointment : |
18.12.2008 |
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DIN No.: |
00366616 |
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|
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Name : |
Mr. Laxmikant Iyengar |
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Designation : |
Additional Director |
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Address : |
Desikachari Iyengar Rosa Villa, 247/A FR Peter Pereira Road, Kurla
(West), Mumbai – 400070, Maharashtra, India |
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Date of Birth/Age : |
09.11.1969 |
|
Date of Appointment : |
30.09.2013 |
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DIN No. : |
05309137 |
KEY EXECUTIVES
|
Name : |
Mr. Sharad Amrut Rane |
|
Designation : |
Secretary |
|
Address : |
B-11, Vinay Apartments, Chougle Nagar, Near Nancy Colony, Borivli
(East), Mumbai – 400066, Maharashtra, India |
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Date of Birth/Age : |
15.03.1959 |
|
Date of Appointment : |
25.06.2004 |
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PAN No.: |
AAAPR5500L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Rosemount INC., USA |
66600 |
6.55 |
|
Emerson Electric Company (India) Private Limited, India |
23400 |
2.30 |
|
Rutherfurd Acquisitions Limited, United Kingdom |
927120 |
91.15 |
|
|
|
|
AS ON 26.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
97.78 |
|
Bodies Corporate |
2.22 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20311125%2010-Mar-2015_files/image016.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of control equipments. |
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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 Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
BBSR and Company Chartered Accountants |
|
Address : |
Lodha Excelus, 5th Floor, Apollo Mills Compound, N M Joshi
Marg, Mahalaxmi, Mumbai – 400013, Maharashtra, India |
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PAN No.: |
AAAFB9852F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
·
Rosemount Inc, United States ·
Emerson Electric Company (India) Private Limited,
India CIN No.: U29190MH1995PTC087858 |
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Associates : |
·
Jasubhai Engineering Private Limited CIN No.: U27109GJ1979PTC003277 ·
Jasubhai Business Services Private Limited CIN No.: U45200MH1995PTC086859 ·
Jasubhai Media Private Limited CIN No.: U72200MH2000PTC123541 ·
Maulik Business Services Private Limited CIN No.: U67120MH1985PTC037968 |
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|
Fellow Subsidiary Company : |
·
Emerson Process Management Asia Pacific
(Singapore) Pte Limited ·
Micro Motion Inc ·
Daniel Measurement Solutions Private Limited CIN No.: U40200GJ2007PTC049905 ·
Emerson Process Management Flow Technologies Co.
Limited ·
Emerson Process Management LLP ·
Emerson Process Management Chennai Limited ·
CIN No.: U93090TN1985PLC024245 ·
Roxar Maximum Reservoir Performance LLC ·
Emerson Process Management Power And Water
Solutions India Private Limited CIN No.: U40109DL1997FTC085582 ·
EGS Electrical Group LLC ·
Emerson Network Power (India) Private Limited CIN No.: U74999MH1993PTC071079 ·
Rosemount Analytical Inc OHIO ·
Roxar Flow Measurement SDN BHD ·
Emerson Process Management China Limited ·
Emerson FZE – Dubai ·
Emerson Process Management ·
Emerson Beijing Instrument Co Limited ·
Emerson Network Power (Pune) Private Limited ·
Beijing Rosemount Far East Instrument Co. ·
Instrument and Valve Services Company ·
Roxar Services AS ·
Emerson Industrial Automation now known as Asco
Numatics India Private Limited ·
Emerson Process Management Australia PTY Limited ·
Emerson Process Management GmBH and Company OHG ·
Rosemount Tank Gauging India Private Limited CIN No.: U33130PN1999PTC134690 ·
Control Techniques India Private Limited CIN No.: U30006TN1993PTC025830 ·
Daniel Measurement and Control ·
Emerson Process Management GMBH and Company ·
Emerson Process Management Pittsburgh ·
Emerson Process Management Rosemount Tank Radar
AB ·
Fisher Sanmar Limited ·
Mobrey Limited ·
P I Components Inc ·
Rosemount Analytical Inc -Irvine ·
Roxar Flow Measurement AS ·
Emerson MMC ·
Emerson Process Management Shanghai Company
Limited ·
Emerson Process Management Korea Limited ·
Emerson Process Management SAS ·
Emerson Climate Technologies (India) Limited CIN No.: U29192PN1993PLC071223 ·
Emerson Process Management St. Louis ·
Metco Services Limited’ ·
Emerson Electric Company St Louis ·
Emerson Process Management Shared Services ·
Emerson Process Management Austin ·
Emerson Process Management AG (Swaziland) ·
Elomatic Valve Actuators F.E. Pte Limited ·
Emerson Process Management Karlstein ·
Emerson Process Management A/S ·
Emerson Process Management Japan Limited ·
Computation System Inc ·
Emerson Process Management Remote Automation
Solutions ·
Remote Automation Solutions ·
Emerson Process Management PC&E Inc St. Louis ·
Net Safety Monitoring INC ·
Emerson Process Management SRL |
CAPITAL STRUCTURE
AS ON 26.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1200000 |
Equity Shares |
Rs. 100/- each |
Rs. 120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1056140 |
Equity Shares |
Rs. 100/-
each |
Rs. 105.614
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 |
105.614 |
9.000 |
9.000 |
|
(b) Reserves & Surplus |
23473.064 |
1217.469 |
1087.339 |
|
(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) |
23578.678 |
1226.469 |
1096.339 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.033 |
0.411 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
58.739 |
53.469 |
36.657 |
|
(d) long-term
provisions |
41.633 |
45.552 |
37.346 |
|
Total Non-current Liabilities
(3) |
100.372 |
99.054 |
74.414 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
200.000 |
200.000 |
|
(b) Trade
payables |
1259.073 |
2193.181 |
1493.259 |
|
(c) Other
current liabilities |
804.072 |
595.618 |
432.470 |
|
(d) Short-term
provisions |
133.445 |
105.586 |
93.543 |
|
Total Current
Liabilities (4) |
2196.590 |
3094.385 |
2219.272 |
|
|
|
|
|
|
TOTAL |
25875.640 |
4419.908 |
3390.025 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
317.935 |
371.397 |
362.054 |
|
(ii)
Intangible Assets |
22.172 |
28.507 |
0.000 |
|
(iii)
Capital work-in-progress |
29.314 |
11.487 |
3.580 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
19373.057 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
245.886 |
143.948 |
104.658 |
|
(d) Long-term Loan and Advances |
163.993 |
153.272 |
118.443 |
|
(e) Other
Non-current assets |
77.276 |
41.325 |
30.747 |
|
Total Non-Current
Assets |
20229.633 |
749.936 |
619.482 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
814.309 |
714.815 |
680.496 |
|
(c) Trade
receivables |
1913.448 |
1993.674 |
1446.744 |
|
(d) Cash
and cash equivalents |
185.856 |
117.138 |
81.679 |
|
(e)
Short-term loans and advances |
2438.049 |
444.472 |
317.192 |
|
(f) Other
current assets |
294.345 |
399.873 |
244.432 |
|
Total
Current Assets |
5646.007 |
3669.972 |
2770.543 |
|
|
|
|
|
|
TOTAL |
25875.640 |
4419.908 |
3390.025 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6851.294 |
6704.988 |
5389.795 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (A-B) (C) |
353.323 |
334.894 |
182.448 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST (D) |
47.456 |
42.639 |
5.855 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
305.867 |
292.255 |
176.593 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
86.354 |
77.619 |
68.764 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
219.513 |
214.636 |
107.829 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
69.670 |
84.506 |
44.750 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
149.843 |
130.130 |
63.079 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
851.862 |
721.732 |
709.810 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
6.308 |
|
|
|
Transfer from Capital Reserve |
(1.597) |
0.000 |
0.000 |
|
|
|
Dividend |
0.000 |
0.000 |
38.461 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
6.388 |
|
|
BALANCE CARRIED
TO THE B/S |
1003.302 |
851.862 |
721.732 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
663.945 |
267.774 |
306.472 |
|
|
TOTAL EARNINGS |
663.945 |
267.774 |
306.472 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
141.88 |
123.21 |
59.73 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
2.19
|
1.94 |
1.17 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
5.16
|
4.99 |
3.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.52 |
5.03 |
3.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.18 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debts/Networth) |
|
0.00 |
0.16 |
0.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.57 |
1.19 |
1.25 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
9.000 |
9.000 |
105.614 |
|
Reserves & Surplus |
1087.339 |
1217.469 |
23473.064 |
|
Net
worth |
1096.339 |
1226.469 |
23578.678 |
|
|
|
|
|
|
long-term borrowings |
0.411 |
0.033 |
0.000 |
|
Short term borrowings |
200.000 |
200.000 |
0.000 |
|
Total
borrowings |
200.411 |
200.033 |
0.000 |
|
Debt/Equity
ratio |
0.183 |
0.163 |
0.000 |
%20PRIVATE%20LIMITED%20-%20311125%2010-Mar-2015_files/image018.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
5389.795 |
6704.988 |
6851.294 |
|
|
|
24.402 |
2.182 |
%20PRIVATE%20LIMITED%20-%20311125%2010-Mar-2015_files/image020.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
5389.795 |
6704.988 |
6851.294 |
|
Profit |
63.079 |
130.130 |
149.843 |
|
|
1.17% |
1.94% |
2.19% |
%20PRIVATE%20LIMITED%20-%20311125%2010-Mar-2015_files/image022.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 |
No |
|
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 |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
------- |
|
26] |
Buyer visit details |
------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90242527 |
31/05/2004 |
522,000.00 |
FORD CREDIT KOTAK MAHINDRA LTD |
36-38 ANARIMAN BHAVAN 227 NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
- |
|
2 |
90163642 |
20/04/1998 * |
62,500,000.00 |
CORPORATION BANK |
INDUSTRIAL FINANCE
BRANCH, BHARAT HOUSE 104 S B M |
- |
|
3 |
90160910 |
09/01/1997 |
14,700.00 |
CORPORATION BANK |
VEENA CHABERS DALAL STREET FORT, BOMBAY, Maharashtra - 400023, INDIA |
- |
|
4 |
90166367 |
20/04/1998 * |
442,700,000.00 |
STATE BANK OF INDIA |
VATWA INDUSTRIAL ESTATE, AHMEDABAD, Gujarat - 382445, INDIA |
- |
|
5 |
90160863 |
07/03/1995 |
32,500,000.00 |
CORPORAITON BANK |
INDUSTRIAL FINANCE BRANCH, 104 BHARAT HOUSE, BOMBAY, Maharashtra - 400001, INDIA |
- |
|
6 |
90165115 |
07/05/1995 * |
32,500,000.00 |
CORPORATION BANK |
INDUSTRIAL FINANCE
BRANCH, BHARAT HOUSE GROUND FL |
- |
|
7 |
90166259 |
16/08/1994 * |
205,200,000.00 |
STATE BANK OF INDIA |
P B NO 10, VATAWA INDUSTRIAL ESTATE, AHMEDABAD, Gujarat - 382445, INDIA |
- |
|
8 |
90166243 |
27/10/1993 |
205,200,000.00 |
STATE BANK OF INDIA |
P B NO 10 VATWA INDUSTRIAL ESTATE, AHMEDABAD, Gujarat - 382445, INDIA |
- |
|
9 |
90160797 |
09/01/1992 |
3,750.00 |
CORPORATION BANK |
VEENA CHABERS DALAL STREET FORT, BOMBAY, Maharashtra - 400023, INDIA |
- |
|
10 |
90166113 |
06/09/1993 * |
141,500,000.00 |
STATE BANK OF INDIA |
P B NO 10 VATWA INDUSTRIAL ESTATE, AHMEDABAD, Gujarat - 382445, INDIA |
- |
* Date of charge modification
LITIGATION DETAILS
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
|
|
|
|
Main
Matter Reg. No.:- ITXAL/1288/2013
Reg. Date :- 10/07/2013 |
|
(INDIA)
PRIVATE LIMITED
Petn. Adv : PADMA DIVAKAR (0) Resp.
Adv.:- ATUL K. JASANI (0)
District: MUMBAI |
|
Status: PRE-ADMISSION
Category: TAX APPEALS
Next Date: 16/03/2015 Stage:
FOR ADMISSION Last Coram: HON'BLE SHRI JUSTICE M.S. SANKLECHA HON’BLE SHRI JUSTICE G.S. KULKARNI |
|
Act: Income Tax Act, 1961 UNDER SECTION: 260A |
%20PRIVATE%20LIMITED%20-%20311125%2010-Mar-2015_files/image009.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20311125%2010-Mar-2015_files/image010.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20311125%2010-Mar-2015_files/image011.gif){kind=small}
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
0.000 |
200.000 |
|
Total |
0.000 |
200.000 |
FIXED ASSETS
- Plant and
Equipments
- Factory
Equipments
- Furniture and
Fixture
- Vehicles
- Computer
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. 62.20 |
|
|
1 |
Rs. 94.71 |
|
Euro |
1 |
Rs. 68.30 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
63 |
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.