MIRA
INFORM REPORT
|
Report No. : |
347252 |
|
Report Date : |
28.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
RIETER INDIA PRIVATE LIMITED |
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Registered
Office : |
Gate No.134/1, Vadhi Road, Off Pune Nagar Road, Koregaon Bhima, Pune –
412216, Maharashtra |
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Tel. No.: |
91-2137-253071 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
01.08.1995 |
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Com. Reg. No.: |
11-139264 |
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Capital
Investment / Paid-up Capital : |
Rs.34.900 Million |
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CIN No.: [Company Identification
No.] |
U74899PN1995PTC139264 |
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IEC No.: |
0595062644 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACR3556P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of textile machinery and related parts. |
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No. of Employees
: |
140 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Not Available (Case Site not working) |
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Comments : |
Subject is part of Rieter Holding AG incorporated in the year 1995,
having moderate track record. The company has achieved adequate sales turnover but has reported continuous
loss since 2012. The company has leverage capital structure marked by huge increase in
its borrowings and there is unfavorable gap between trade payables and
receivables. However, trade relations are fair. Business is active. Payments are
slow but correct. The company can be considered for 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.
EXTERNAL AGENCY RATING
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Vikram Patil |
|
Designation : |
Accountant |
|
Contact No.: |
91-2137-308500 |
LOCATIONS
|
Registered Office : |
Gate No.134/1, Vadhi Road, Off Pune Nagar Road, Koregaon Bhima, Pune –
412216, Maharashtra, India |
|
Tel. No.: |
91-2137-253-071/72/74 |
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Fax No.: |
91-2137-253075 |
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E-Mail : |
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Website : |
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Branches 1 : |
S.C.O. 146-147, 3rd Floor Sector – 34-A, Chandigarh – 160022, India |
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Tel. No.: |
91-172-2621634 |
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Fax No.: |
91-172-2621633 |
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Branches 2 : |
3rd Floor, Building No.9, Tower B, DLF cyber city, Phase
III, Goregaon – 122002, Maharashtra, India |
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Tel. No.: |
91-124-4500800/03 |
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Fax No.: |
91-124-4500850 |
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Branches 3 : |
4th Floor, L Tower, South Wing, Stock Exchange Building,
Coimbatore – 641005, India |
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Tel. No.: |
91-422-2320520/22 |
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Fax No.: |
91-422-2320525 |
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Works : |
Wing Works and Office, Mahad-Pandharpur Road, Taluka Khandala, Satara –
412801, Maharashtra, India |
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Tel. No.: |
91-2169-284301 |
|
Fax No.: |
91-2169-284302 |
DIRECTORS
AS ON 26.09.2014
|
Name : |
Mr. Per Olof Johan Olofsson |
|
Designation : |
Managing Director |
|
Address : |
Sodra Esplanaden 18A, Lund, 22352, Sweden |
|
Date of Birth/Age : |
01.02.1982 |
|
Date of Appointment : |
15.01.2013 |
|
DIN No.: |
02668275 |
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|
Name : |
Mr. Thomas Anwander |
|
Designation : |
Director |
|
Address : |
Im Lerchenbuel, 24, 8405, |
|
Date of Birth/Age : |
19.02.1960 |
|
Date of Appointment : |
15.12.2012 |
|
DIN No.: |
00470001 |
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|
Name : |
Mr. Sudhir Jalan |
|
Designation : |
Additional Director |
|
Address : |
9, Alipore Road, Kolkata – 700 027, West Bengal, India |
|
Date of Birth/Age : |
07.11.1944 |
|
Date of Appointment : |
01.05.2008 |
|
DIN No.: |
00111118 |
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Name : |
Mr. Peter Rudolf Gnaegi |
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Designation : |
Alternate Director |
|
Address : |
Auf Salenrain Io, |
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Date of Birth/Age : |
02.07.1954 |
|
Date of Appointment : |
15.09.2009 |
|
DIN No.: |
02221346 |
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|
|
Name : |
Mr. Liske Carten |
|
Designation : |
Director |
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Address : |
8832, Wilen B Wollerau Hoh, Rohneweg 18 |
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Date of Birth/Age : |
24.05.1973 |
|
Date of Appointment : |
25.09.2013 |
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DIN No.: |
02925980 |
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Name : |
Mr. Peter Hans Muller |
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Designation : |
Alternate Director |
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Address : |
Wasserfuristr 43, 8542, |
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Date of Birth/Age : |
17.03.1964 |
|
Date of Appointment : |
15.01.2013 |
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DIN No.: |
00470182 |
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Name : |
Mr. Adarsh Jalan |
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Designation : |
Alternate Director |
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Address : |
15/5, Palace Road, Vasan – TH Nagar, Bangalore – 560 052, Karnataka,
India |
|
Date of Birth/Age : |
17.06.1968 |
|
Date of Appointment : |
15.09.2009 |
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DIN No.: |
00383250 |
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|
|
|
Name : |
Mr. Peter Maximilian Schulz |
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Designation : |
Director |
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Address : |
Rotdornstrasse 2, D-93142, Maxhutte Haidhof, 93142, Germany |
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Date of Birth/Age : |
18.05.1967 |
|
Date of Appointment : |
01.05.2013 |
|
DIN No.: |
02354959 |
KEY EXECUTIVES
|
Name : |
Mr. Vikram Patil |
|
Designation : |
Accountant |
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|
Name : |
Mr. Sanjay Vinayak Talavlikar |
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Designation : |
Secretary |
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Address : |
Flat No. 3, Swapnapurti Apartments, Kimbare Township, Kothrud, Pune –
411038, Maharashtra, India |
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Date of Birth/Age : |
27.09.1966 |
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Date of Appointment : |
04.02.2009 |
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PAN No.: |
AAKPT4120G |
MAJOR SHAREHOLDERS
AS ON 26.09.2014
|
Names of Shareholders |
No. of Shares |
|
Rieter Holding AG |
10477072 |
|
Spindelfabrik Suessen GmbH |
1 |
|
Sudhir Kesardeo Jalan |
20000 |
|
Asarsh Sudhir Jalan |
48000 |
|
Anchor Investments Private Limited |
27000 |
|
Meenakshi Tea Co. Limited |
62010 |
|
PCI Marketing Private Limited |
17500 |
|
|
|
|
Total |
10651583 |
Equity Share Break up (Percentage of Total Equity)
AS ON 26.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
98.00 |
|
Bodies corporate |
1.00 |
|
Directors or relatives of Directors |
1.00 |
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|
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of textile machinery and related parts. |
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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 : |
·
Switzerland ·
Germany |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
Switzerland ·
Germany |
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Terms : |
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Selling : |
Cash, Cheque |
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Purchasing : |
Cash, Cheque |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
140 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
Price Waterhouse and Company Chartered Accountants |
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Address : |
Muttha Towers, 5th Floor, Suite No.8, Airport Road,
Yerwada, Pune – 411006, Maharashtra, India |
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PAN No.: |
AADFP9359C |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Ultimate Holding Company : |
·
Rieter Holding AG, Switzerland |
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Fellow Subsidiaries : |
· Rieter Machine Works Limited, Switzerland · Rieter Changzhou Textile Instruments Company Limited, China · Spindelfabrik Suessen GmbH, Germany · Bracker AG, Switzerland · Graf + Cie AG, Switzerland · Novibra Boskovice S.R.O., Chec Republic · Rieter CZ A.S. · Willhelm Stahlecker GmbH, Germany · Rieter Deutscheland, GmbH, Germany · Rieter LMW Machinery Limited, India · Rieter Automotive India Private Limited, India · Rieter Nittoku Automotive Soundproof Products India Private Limited, India |
CAPITAL STRUCTURE
AS ON 26.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
10651583 |
Equity Shares |
Rs.10/- each |
Rs.106.516 Million |
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AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3490199 |
Equity Shares |
Rs.10/- each |
Rs.34.900 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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
34.900 |
34.902 |
34.902 |
|
(b) Reserves & Surplus |
904.810 |
1283.060 |
1661.070 |
|
(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) |
939.710 |
1317.962 |
1695.972 |
|
|
|
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|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3508.440 |
2679.800 |
2410.060 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
2.170 |
2.170 |
|
(d) long-term provisions |
38.370 |
19.760 |
17.210 |
|
Total Non-current Liabilities (3) |
3546.810 |
2701.730 |
2429.440 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
822.930 |
723.950 |
300.000 |
|
(b) Trade payables |
2652.220 |
1800.730 |
1189.958 |
|
(c) Other current
liabilities |
995.400 |
1196.980 |
280.470 |
|
(d) Short-term provisions |
83.590 |
33.360 |
43.210 |
|
Total Current Liabilities (4) |
4554.140 |
3755.020 |
1813.638 |
|
|
|
|
|
|
TOTAL |
9040.660 |
7774.712 |
5939.050 |
|
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|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3846.500 |
3280.000 |
2187.670 |
|
(ii) Intangible Assets |
53.830 |
74.810 |
35.790 |
|
(iii) Capital
work-in-progress |
8.720 |
186.210 |
618.270 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
301.710 |
349.040 |
395.240 |
|
(e) Other Non-current assets |
0.850 |
85.490 |
47.820 |
|
Total Non-Current Assets |
4211.610 |
3975.550 |
3284.790 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2029.950 |
2056.410 |
1044.680 |
|
(c) Trade receivables |
922.390 |
767.390 |
632.350 |
|
(d) Cash and cash
equivalents |
541.450 |
143.150 |
175.240 |
|
(e) Short-term loans and
advances |
1276.930 |
817.552 |
791.870 |
|
(f) Other current assets |
58.330 |
14.660 |
10.120 |
|
Total Current Assets |
4829.050 |
3799.162 |
2654.260 |
|
|
|
|
|
|
TOTAL |
9040.660 |
7774.712 |
5939.050 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
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|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
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TOTAL |
7588.590 |
4373.710 |
3115.450 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
8277.020 |
4751.720 |
3647.890 |
|
|
|
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|
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|
PROFIT / (LOSS)
BEFORE TAX |
(688.430) |
(378.010) |
(532.440) |
|
|
|
|
|
|
|
|
|
|
EXCEPTIONAL ITEMS |
(50.120) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(638.310) |
(378.010) |
(532.440) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(1112.710) |
(474.400) |
(96.390) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(182.89) |
(108.30) |
(152.55) |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
8000.000 |
The above information has been parted by Mr. Vikram
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
131.650 |
624.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
764.310 |
(389.670) |
(464.200) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets) |
(%) |
(7.62) |
(4.98) |
(10.01) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.73) |
(0.29) |
(0.31) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.75 |
3.06 |
1.60 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06 |
1.01 |
1.46 |
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 |
34.902 |
34.902 |
34.900 |
|
Reserves & Surplus |
1661.070 |
1283.060 |
904.810 |
|
Net
worth |
1695.972 |
1317.962 |
939.710 |
|
|
|
|
|
|
long-term borrowings |
2410.060 |
2679.800 |
3508.440 |
|
Short term borrowings |
300.000 |
723.950 |
822.930 |
|
Current Maturities of Long term debt |
0.000 |
624.000 |
131.650 |
|
Total
borrowings |
2710.060 |
4027.750 |
4463.020 |
|
Debt/Equity
ratio |
1.598 |
3.056 |
4.749 |
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 |
|
Total Income |
3115.450 |
4373.710 |
7588.590 |
|
|
|
40.388 |
73.505 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Total Income |
3115.450 |
4373.710 |
7588.590 |
|
Profit |
(532.440) |
(378.010) |
(638.310) |
|
|
(17.09%) |
(8.64%) |
(8.41%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office
address of the company has been shifted from Gate No.134/1, Vadhi Road, Off
Pune Nagar Road, Koregaon Bhima, Pune – 412207, Maharashtra, India to the
present address w.e.f. 22.10.2013
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Term loans from
others |
3508.440 |
2679.800 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Working capital
loans from banks |
822.930 |
723.950 |
|
|
|
|
|
Total |
4331.370 |
3403.750 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90085672 |
02/03/2001 |
5,000,000.00 |
CORPORATION
BANK |
INDUSTRIAL
FINANCE BRANCH, PUNE MUMBAI ROAD, VAKDEWADI, MAHARASHTRA - 411003, INDIA |
- |
FIXED ASSETS:
·
Freehold Land
·
Building
·
Plant and Machinery
·
Electrical Installation
·
Furniture and Fixtures
·
Leasehold Improvements
·
Computers
·
Office Equipments
·
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.64.96 |
|
|
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/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 |
|
30 |
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.