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Report No. : |
350931 |
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Report Date : |
26.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHELTRON POWER VISION ENTERPRISE |
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Registered
Office : |
4A, Ashok Kunj, V S Khandekar Marg, Vile Parle (East), Mumbai –
400057, Maharashtra |
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Mobile No.: |
91-9320328884 [Mr. Chandrashekhar Rajaram Sagwekar] |
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Country : |
India |
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Financials (as
on) : |
-- |
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Date of
Establishment : |
14.08.2015 [Shop Act] |
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Capital
Investment : |
Not Divulged |
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IEC No.: |
Not Applicable [As claimed by Company management, the Company does not Export and Import] |
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PAN No.: [Permanent Account No.] |
BGOPS0570A |
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Legal Form : |
Sole Proprietary Concern |
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Line of Business
: |
Manufacturer of Distribution and Power Transformers. |
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No. of Employees
: |
5 (2 in Office and 3 in Factory) (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is new proprietorship concern established on 14th August,
2015 and it will commence its operation from December 2015. Mr. Chandrashekar Sagwekar, Proprietor of the concern has provided the
information to us and claimed that it will commence its business operations
from December 2015. Payment terms are unknown. In view of aforesaid, the concern can be considered for business
dealings on safe and secure 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 |
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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
NOT AVAILABLE
INFORMATION PARTED BY
|
Name : |
Mr. Chandrashekhar Rajaram Sagwekar |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9320328884 |
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Date : |
24.11.2015 |
LOCATIONS
|
Registered Office : |
4A, Ashok Kunj, V S Khandekar Marg, Vile Parle (East), Mumbai –
400057, Maharashtra, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9320328884 [Mr. Chandrashekhar Rajaram Sagwekar] |
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Fax No.: |
Not Available |
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E-Mail : |
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Area : |
500 Sq. ft. |
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Location : |
Owned |
|
|
|
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Factory : |
Gat No 1541, Sector No 12, At Post Chikhali, Taluka Haveli, Pune,
Maharashtra, India |
|
Area : |
2500 Sq. ft. |
|
Location : |
Leased |
SOLE PROPRIETOR
|
Name : |
Mr. Chandrashekhar Rajaram Sagwekar |
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Designation : |
Proprietor |
|
Address : |
4A, Ashok Kunj, V S Khandekar Marg, Vile Parle (East), Mumbai –
400057, Maharashtra, India |
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Date of Birth/Age : |
11.07.1964 |
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Qualification : |
S.Y. B. Com |
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Experience : |
25 Years |
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PAN No.: |
BGOPS0570A |
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Background : |
Mr. Chandrashekhar Rajaram Sagwekar was Manager of Transfab Power
India Private Limited on of leading manufacturing and Repairing of
Distribution and Power Transformers. He is Graduate with Commerce and having lot of experience in
Production, Marketing Operations, HR, A/c field etc. He has gained more than 25 years of experience in transformers
manufacturing and repairing business line. This has helped him to understand
the industry and the operations of the business starting from procuring order
till collection of payment from customers. He has extensive market network
and able to secure orders for the business. Firm has obtained Rs. 5.000 Million order only due to good relations
of the proprietor with them. |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Distribution and Power Transformers. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit [15 Days] |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
5 (2 in Office and 3 in Factory) (Approximately) |
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Bankers : |
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Auditors : |
Not Available |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
|
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Owned : |
Not Divulged |
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Borrowed : |
Not Divulged |
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Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Million]
NEW BUSINESS
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
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 |
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4 |
Premises details |
Yes |
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5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
Yes |
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8 |
Designation of contact person |
Yes |
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9 |
Promoter’s background |
Yes |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
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11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
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18 |
Major suppliers |
No |
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19 |
Major customers |
No |
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20 |
Banking Details |
Yes |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
Yes |
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23 |
Financials, if provided |
No |
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24 |
Capital in the business |
No |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
No |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
No |
|
30 |
Major shareholders, if available |
No |
|
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 |
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PROJECTED BALANCE SHEET
(RS. IN MILLION)
|
SR. NO. |
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
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SOURCES OF FUNDS |
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A |
Capital Account |
1.658 |
1.746 |
2.520 |
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Add: Addition during the year |
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Net Profit |
0.337 |
1.125 |
1.358 |
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Less: Drawings |
0.250 |
0.350 |
0.500 |
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B |
Unsecured Loans |
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|
Proprietor, Friends and Relatives |
0.000 |
0.000 |
0.000 |
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C |
Secured Loans |
2.140 |
1.704 |
1.269 |
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D |
Current Liabilities and Provisions |
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Sundry Creditors |
0.250 |
0.542 |
0.597 |
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Cash Credit |
1.000 |
1.000 |
1.000 |
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Tax Provision |
0.010 |
0.237 |
0.341 |
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Other Current Liabilities |
0.050 |
0.132 |
0.145 |
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TOTAL |
5.195 |
6.135 |
6.731 |
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APPLICATION OF
FUNDS |
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|
A |
Fixed Assets |
2.683 |
2.280 |
1.938 |
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B |
Other Investments |
0.000 |
0.600 |
1.000 |
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C |
Current Assets Loans and Advances |
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Sundry Debtors |
1.500 |
1.627 |
1.790 |
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Cash in Hand / Bank |
0.052 |
0.317 |
0.519 |
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Inventory |
0.500 |
0.542 |
0.597 |
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Preliminary Expenses |
0.200 |
0.200 |
0.200 |
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Pre operative Expenses |
0.200 |
0.200 |
0.200 |
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Other Current Assets |
0.060 |
0.369 |
0.486 |
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TOTAL |
5.195 |
6.135 |
6.731 |
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PROJECTED PROFITABILITY STATEMENT
(RS. IN MILLION)
|
SR. NO. |
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
|
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A |
Income |
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|
Sales |
2.500 |
6.600 |
7.260 |
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Other Income |
0.000 |
0.000 |
0.000 |
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Total Income |
2.500 |
6.600 |
7.260 |
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B |
Direct Expenditure |
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Cost of Material |
0.875 |
2.310 |
2.541 |
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Labour Cost |
0.500 |
1.320 |
1.452 |
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Other Direct Expenses |
0.250 |
0.660 |
0.726 |
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Total Expenses |
1.625 |
4.290 |
4.719 |
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C |
Gross Profit [A - B] |
0.875 |
2.310 |
2.541 |
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D |
Less: Indirect Expenditure |
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Administrative Expenses |
0.125 |
0.138 |
0.151 |
|
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Interest on Term Loan |
0.127 |
0.269 |
0.208 |
|
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Interest on CC |
0.057 |
0.140 |
0.140 |
|
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Depreciation |
0.218 |
0.402 |
0.342 |
|
|
|
|
|
|
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Total |
0.527 |
0.949 |
0.841 |
|
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|
|
|
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|
E |
Net Profit |
0.348 |
1.361 |
1.700 |
|
|
|
|
|
|
|
|
Less: Tax |
0.010 |
0.237 |
0.341 |
|
|
|
|
|
|
|
|
Net Profit after Tax |
0.337 |
1.125 |
1.358 |
|
|
|
|
|
|
|
|
Addback: Depreciation |
0.218 |
0.402 |
0.342 |
|
|
|
|
|
|
|
|
Cash Inflow from Business |
0.555 |
1.527 |
1.700 |
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NETWORTH STATEMENT
MR. CHANDRASHEKHAR RAJARAM SANGWEKAR
(RS. IN MILLION)
|
PARTICULARS |
28.10.2015 |
|
|
|
|
ASSETS |
|
|
Fixed Assets |
|
|
Residential Property 1 |
6.000 |
|
Residential Property 2 [Mortgaged at DHFL] |
3.000 |
|
|
|
|
Investments |
|
|
Jewellery |
0.600 |
|
Capital Investment – Sheltron Power Vision
Enterprise |
0.300 |
|
|
|
|
Balance at Bank |
0.013 |
|
|
|
|
Cash in Hand |
0.500 |
|
|
|
|
TOTAL [A] |
10.413 |
|
|
|
|
LIABILITIES |
|
|
Secured Long term Borrowings [DHFL] |
1.180 |
|
|
|
|
TOTAL [B] |
1.180 |
|
|
|
|
NETWORTH |
9.233 |
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COMPANY PROFILE
Subject is proprietorship firm formed with a sole
object of manufacturing and repairing of Distribution and Power Transformer
located at Pune.
Transformer products have tremendous potential
in the areas of Generation. Transmission Distribution of Electrical and Infra
Project.
Therefore it is found prudent to set up a
state of the art manufacturing plant in Pune to cater the increasing demand of
the product in MSEDCL Zone Kolhapur and Baramati and Private sector where the
development of town.
Also focus and cover the pocket of repairing
of Distribution and Power Transformer huge business from Pune, Satara, Sangli,
Kolhapur, Ratnagiri, Kudal, Solapur, Baramati MSEDCL Division.
They
will plan to provide service to Out of Maharashtra state and Maharashtra state
supplier of MSEDCL whose transformer failed Under
Guarantee Period with taking testing responsibility and gather their C format.
Such C format is most authentic and evidence
of repairing transformer and not to be deduct bill amount of Supplier from
payment.
------------------------------------------------------------------------------------------------------------------------------
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 records 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. 66.38 |
|
|
1 |
Rs. 100.45 |
|
Euro |
1 |
Rs. 70.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
BVA |
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.