MIRA INFORM REPORT
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Report No. : |
311730 |
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Report Date : |
23.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
AVIVA EQUIPMENTS
PRIVATE LIMITED |
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Formerly Known
As : |
PEAK CONSULTANCY PRIVATE LIMITED (w.e.f. 24.03.2011) |
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Registered
Office : |
E – 503, Titanium City Centre, Near. Sachin Tower, Anand Nagar Road,
Satellite, Ahmedabad – 380015, Gujarat, India |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
15.01.2007 |
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Com. Reg. No.: |
04-049774 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.965 Million |
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CIN No.: [Company Identification
No.] |
U74140GJ2007PTC049774 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Automatic Milk Collecting Systems, Bowl
Type Weighing Scale, Bulk Milk Cooler Milk Measurement Monitoring System,
Bulk Milk Coolers, Chaff Cutter. |
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No. of Employees
: |
15 (Approximately) |
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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Maximum Credit Limit : |
USD 9000 |
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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 scales of activities are
limited. The rating is constrained on account of company’s small scales of
business operation and small net worth of the company. However, trade relations are reported to be fair. Business is active.
Payment terms are slow but correct. The company can be considered for small 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.
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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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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
|
Name : |
Ms. Anuradha |
|
Designation : |
Administration Manager |
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Contact No.: |
91-9824750105 |
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Date : |
18.03.2015 |
LOCATIONS
|
Registered Office / Factory: |
E – 503, Titanium City Centre, Near. Sachin Tower, Anand Nagar Road,
Satellite, Ahmedabad – 380015, Gujarat, India |
|
Tel. No.: |
91-79-40031008 |
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Mobile No.: |
91-9825304690 (Mr. Bharat) |
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Fax No.: |
91-79-26440952 |
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E-Mail : |
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Website : |
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Locality : |
Industrial |
DIRECTORS
As on : 30.09.2014
|
Name : |
Mr. Bikhalal Shah |
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Designation : |
Director |
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Address : |
B – 14, Shaili Appartment, Opp. Dharnidhar Derasar, Paldi, Ahmedabad,
Gujarat, India |
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Date of Appointment : |
15.02.2008 |
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DIN No.: |
00617310 |
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Other Directorship : |
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Name : |
Mrs. Heena Bikhalal Shah |
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Designation : |
Director |
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Address : |
B – 14, Shaili Appartment, Opp. Dharnidhar Derasar, Paldi, Ahmedabad,
Gujarat, India |
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Date of Appointment : |
16.10.2010 |
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DIN No.: |
00935312 |
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Other Directorship : |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age |
|
Bharat B Shah |
68500 |
70.98 |
|
Heena B Shah |
14000 |
14.51 |
|
Bhanuben B Shah |
7000 |
7.25 |
|
Jay B Shah |
7000 |
7.25 |
|
Total |
96500 |
100.00 |
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 : |
Manufacturer and Exporter of Automatic Milk Collecting Systems, Bowl
Type Weighing Scale, Bulk Milk, Cooler Milk Measurement Monitoring System,
Bulk Milk Coolers, Chaff Cutter. |
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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 : |
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Products : |
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Countries : |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Manufacturer, End Users, OEM’s
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No. of Employees : |
15 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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NOTE : Cash Credit is secured
against the hypothecation of Stock and Book debts and rate of interest varies
from 11.50 % to 13.00 %
|
Auditors : |
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|
Name : |
Ambani Gupta and Jain Chartered Accountants |
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Address : |
A – 302, Ashoka Complex, 4, Prakash Society, S.P. Stadium Road,
Navrangapura – 380014, Ahmedabad, Gujarat, India |
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Tel No : |
91-79-26467011 / 30172866 |
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Email : |
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PAN No.: |
AAEFA7500R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concern : |
Not Available |
CAPITAL STRUCTURE
As on : 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
96500 |
Equity Shares |
Rs.10/- each |
Rs. 0.965
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 |
|
I.
EQUITY
AND LIABILITIES |
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|
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|
(1)Shareholders' Funds |
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|
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|
(a) Share Capital |
0.965 |
0.965 |
0.965 |
|
(b) Reserves & Surplus |
2.170 |
1.779 |
1.399 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
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|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
3.135 |
2.744 |
2.364 |
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(3)
Non-Current Liabilities |
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|
(a) long-term borrowings |
0.000 |
0.254 |
0.934 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.026 |
0.177 |
0.599 |
|
(d) long-term
provisions |
0.000 |
0.033 |
0.001 |
|
Total Non-current
Liabilities (3) |
0.026 |
0.464 |
1.534 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
6.052 |
9.291 |
4.012 |
|
(b) Trade
payables |
7.436 |
10.653 |
2.303 |
|
(c) Other current
liabilities |
1.517 |
0.954 |
0.562 |
|
(d) Short-term
provisions |
0.117 |
0.095 |
0.089 |
|
Total Current
Liabilities (4) |
15.122 |
20.993 |
6.966 |
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TOTAL |
18.283 |
24.201 |
10.864 |
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II.
ASSETS |
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(1) Non-current
assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
1.648 |
1.475 |
0.852 |
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(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 |
0.020 |
0.020 |
0.020 |
|
(c) Deferred tax assets (net) |
0.032 |
0.022 |
0.015 |
|
(d) Long-term Loan and Advances |
0.000 |
0.005 |
0.000 |
|
(e) Other
Non-current assets |
0.009 |
0.014 |
0.024 |
|
Total Non-Current
Assets |
1.709 |
1.536 |
0.911 |
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
5.791 |
5.186 |
3.281 |
|
(c) Trade
receivables |
8.677 |
14.977 |
5.440 |
|
(d) Cash and
cash equivalents |
0.910 |
0.592 |
0.936 |
|
(e)
Short-term loans and advances |
1.196 |
1.910 |
0.296 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
16.574 |
22.665 |
9.953 |
|
|
|
|
|
|
TOTAL |
18.283 |
24.201 |
10.864 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income From Operation |
26.894 |
20.084 |
12.149 |
|
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Other Income |
NA |
NA |
NA |
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TOTAL |
NA |
NA |
NA |
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|
Less |
EXPENSES |
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|
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|
TOTAL |
NA |
NA |
NA |
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|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
0.950 |
0.785 |
0.264 |
|
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|
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|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.347 |
0.235 |
0.129 |
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|
PROFIT BEFORE
TAX |
0.603 |
0.550 |
0.135 |
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|
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|
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|
Less |
TAX |
0.212 |
0.170 |
0.045 |
|
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|
PROFIT AFTER TAX
|
0.391 |
0.380 |
0.090 |
|
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|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods/ services |
0.192 |
0.000 |
0.000 |
|
|
|
Commission Earnings |
0.000 |
0.000 |
0.000 |
|
|
|
Other receipts |
0.171 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
0.362 |
0.363 |
0.000 |
|
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|
|
|
|
|
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|
Earnings Per Share
(Rs.) |
4.05 |
3.94 |
0.93 |
|
Expected Sales (2014-15) : Rs. 30.000 Million
The above information has been parted by Ms. Anuradha.
.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.45 |
1.89 |
0.74 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
100.00 |
100.00 |
100.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.31 |
2.28 |
1.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.20 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.93 |
3.48 |
2.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.10 |
1.08 |
1.43 |
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 |
0.965 |
0.965 |
0.965 |
|
Reserves & Surplus |
1.399 |
1.779 |
2.170 |
|
Net
worth |
2.364 |
2.744 |
3.135 |
|
|
|
|
|
|
long-term borrowings |
0.934 |
0.254 |
0.000 |
|
Short term borrowings |
4.012 |
9.291 |
6.052 |
|
Total
borrowings |
4.946 |
9.545 |
6.052 |
|
Debt/Equity
ratio |
2.092 |
3.478 |
1.930 |
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 |
12.149 |
20.084 |
26.894 |
|
|
|
65.314 |
33.908 |
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 |
12.149 |
20.084 |
26.894 |
|
Profit |
0.090 |
0.380 |
0.391 |
|
|
0.74% |
1.89% |
1.45% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
---------------------- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
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 |
No |
NOTE : The registered address of the company has been
shifted from 19/A, Harinagar Society, Highway Road, Mehsana – 384002, Gujarat,
India to the present address w.e.f. 19.04.2008
OPERATION:
The Sales was increased from Rs.20.084 Million to Rs. 26.894 Million in
the current financial year shown as increase of 33.91% over the previous year.
The profit before depreciation and tax has increased from Rs. 0.786 Million to
Rs. 9.50 Million in the current financial year. The company hopes to achieve
good growth in the coming years.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans and Advances from others |
0.000 |
0.254 |
|
SHORT TERM
BORROWING |
|
|
|
Loan from Body Corporate |
0.000 |
0.357 |
|
Loan from related Parties |
0.000 |
1.248 |
|
Loan from Other parties |
0.000 |
0.450 |
|
Total |
0.000 |
2.309 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10334927 |
10/07/2012 * |
8,000,000.00 |
Central Bank of India |
HLCC Area Branch, Near Vijay Char Rasta, Navrangp |
B44652725 |
FIXED ASSETS
- Computer and
Pheripherals
- Furniture and
Fixtures
- Plant and
Machineries
- 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.62.49 |
|
|
1 |
Rs.92.26 |
|
Euro |
1 |
Rs.66.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
SNJ |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
RNK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
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.