MIRA INFORM REPORT
|
Report No. : |
341252 |
|
Report Date : |
16.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SFC ENVIRONMENTAL TECHNOLOGIES PRIVATE LIMITED |
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|
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Registered
Office : |
The Ambience Court Hi-Tech Business Park, 21st Floor, Sector
19-D, Plot No. 2, Vashi, Navi Mumbai – 400705, Maharashtra |
|
Tel. No.: |
91-22-27832646/ 47 |
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|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
29.03.2005 |
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Com. Reg. No.: |
11-152235 |
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Capital
Investment / Paid-up Capital : |
Rs. 60.000 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U90000MH2005PTC152235 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS47227F |
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PAN No.: [Permanent Account No.] |
AAICS9032P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of Supplying of Core Equipment in Sewage Treatment Plant. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “ENVIROPRO WATER TECH PRIVATE LIMITED”. It is
a well-established company having fine track record. Company possesses adequate operational performance and it has
maintained decent profit margins at 11.19%. Rating also takes into account of company’s established position in
the sewage treatment business supported by healthy financial base and healthy
networth and liquidity profile of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. In view of aforesaid, the company can be considered good for normal
business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term Rating = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
January 07, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Rating = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
January 07, 2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
(CONTACT NO.: 91-22-27832646)
LOCATIONS
|
Registered Office : |
The Ambience Court Hi-Tech Business Park, 21st Floor,
Sector 19-D, Plot No. 2, Vashi, Navi Mumbai – 400705, Maharashtra, India |
|
Tel. No.: |
91-22-27832646/ 47 |
|
Fax No.: |
91-22-27832648 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 27.09.2014
|
Name : |
Mr. Sandeep Sudhakar Asolkar |
|
Designation : |
Managing director |
|
Address : |
Flat No. 402, 4th Floor, “Avalon” Tower 2, Raheja Acropolis,
Phase I, Cooperative Housing Society Limited, Deonar Pada Road, Near Telecom
Factory, Deonar, Mumbai – 400088, Maharashtra, India |
|
Date of Birth/Age : |
05.12.1968 |
|
Date of Appointment : |
29.03.2005 |
|
PAN No.: |
ABPPA3294E |
|
DIN No.: |
00097828 |
|
|
|
|
Name : |
Mrs. Aparna Kapoor |
|
Designation : |
Director |
|
Address : |
Flat No. 804, 8th Floor, Building No. 57, Phase II, Sector
54, 56, 58, Seawoods Estates Limited, Nerul, Navi Mumbai – 400706,
Maharashtra, India |
|
Date of Birth/Age : |
26.02.1972 |
|
Date of Appointment : |
29.03.2005 |
|
PAN No.: |
AFDPK4279D |
|
DIN No.: |
00103649 |
|
|
|
|
Name : |
Satyanaraya Vekatarao Yannamani |
|
Designation : |
Director |
|
Address : |
Flat No. 901, 9th Floor, Building No. 57, Phase II, Sector
54, 56, 58, Seawoods Estates Limited, Nerul, Navi Mumbai – 400706,
Maharashtra, India |
|
Date of Birth/Age : |
08.07.1965 |
|
Date of Appointment : |
08.07.2011 |
|
PAN No.: |
AARPY6812B |
|
DIN No.: |
02064547 |
|
|
|
|
Name : |
Mr. Sandeep Sambhaji Parab |
|
Designation : |
Director |
|
Address : |
Flat No. 303, Building No. 31, Sector 54, 56, 58, Seawoods Estates
Limited, Nerul, Navi Mumbai – 400706, Maharashtra, India |
|
Date of Birth/Age : |
27.12.1967 |
|
Date of Appointment : |
08.07.2011 |
|
PAN No.: |
AGBPP1669F |
|
DIN No.: |
03569568 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Enviropro Water Tech Private Limited, India |
4800000 |
80.00 |
|
Sandeep Asolkar |
600000 |
10.00 |
|
Aparna Kapoor |
300000 |
5.00 |
|
Gunnar Demoulin |
300000 |
5.00 |
|
|
|
|
|
Total |
6000000 |
100.00 |
AS ON 27.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
5.00 |
|
Bodies
corporate |
80.00 |
|
Directors
or relatives of directors |
15.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Supplying of Core Equipment in Sewage Treatment Plant. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
·
Bank of India Turbhe Branch, Plot No 34, Sector 24, Turbhe,
Navi Mumbai - 400705, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Chetan Joshi and Company Chartered Accountants |
|
Address : |
S-4, Super CHS-Gauri Darshan, 2nd Floor, Plot No. 2, Sector 11, New Panvel – 410206, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AIQPJ7179P |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
Enviropro Water Tech Private Limited [U74999MH2004PTC145718] |
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Subsidiary Company
: |
· SFC Umwelttechnik Gmbh · Chavare Engineering Private Limited [U29100MH1996PTC100426] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 60.000 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 |
60.000 |
60.000 |
60.000 |
|
(b) Reserves & Surplus |
835.843 |
738.253 |
641.502 |
|
(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) |
895.843 |
798.253 |
701.502 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
49.880 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
12.051 |
11.330 |
9.054 |
|
(c)
Other long term liabilities |
0.731 |
1.031 |
0.731 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.900 |
|
Total
Non-current Liabilities (3) |
12.782 |
62.241 |
10.685 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
227.634 |
261.551 |
260.852 |
|
(b)
Trade payables |
164.228 |
148.760 |
83.732 |
|
(c)
Other current liabilities |
55.498 |
58.264 |
155.766 |
|
(d)
Short-term provisions |
4.871 |
4.960 |
0.099 |
|
Total
Current Liabilities (4) |
452.231 |
473.535 |
500.449 |
|
|
|
|
|
|
TOTAL |
1360.856 |
1334.029 |
1212.636 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
219.879 |
239.685 |
222.479 |
|
(ii)
Intangible Assets |
36.161 |
42.188 |
48.215 |
|
(iii)
Capital work-in-progress |
83.798 |
82.639 |
48.059 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
164.491 |
164.491 |
164.491 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
53.111 |
52.104 |
55.748 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.044 |
|
Total
Non-Current Assets |
557.440 |
581.107 |
539.036 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
26.663 |
4.955 |
36.718 |
|
(c)
Trade receivables |
372.644 |
365.422 |
260.304 |
|
(d)
Cash and cash equivalents |
373.304 |
358.123 |
293.144 |
|
(e)
Short-term loans and advances |
30.573 |
23.768 |
43.511 |
|
(f)
Other current assets |
0.232 |
0.654 |
39.923 |
|
Total
Current Assets |
803.416 |
752.922 |
673.600 |
|
|
|
|
|
|
TOTAL |
1360.856 |
1334.029 |
1212.636 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
|
|
INCOME |
903.202 |
875.812 |
1042.044 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
150.512 |
149.579 |
316.210 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
49.412 |
49.341 |
104.380 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
101.100 |
100.238 |
211.830 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Earnings in Foreign Exchange: (Reimbursement of Expenses) |
2.962 |
0.037 |
0.821 |
|
|
|
Earnings in Foreign Exchange: (Export of Services) |
14.269 |
1.086 |
1.122 |
|
|
|
Earnings in Foreign Exchange: (Royalty Fees) |
4.747 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
21.978 |
1.123 |
1.943 |
|
|
|
|
|
|
|
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IMPORTS |
|
|
|
|
|
|
|
Traded items |
211.120 |
210.931 |
302.217 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.85 |
16.71 |
35.30 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
0.000 |
0.000 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
93.860 |
148.217 |
298.039 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
11.19 |
11.45 |
20.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.53 |
13.76 |
31.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.19 |
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.25 |
0.39 |
0.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.78 |
1.59 |
1.35 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
60.000 |
60.000 |
60.000 |
|
Reserves & Surplus |
641.502 |
738.253 |
835.843 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
701.502 |
798.253 |
895.843 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
49.880 |
0.000 |
|
Short term borrowings |
260.852 |
261.551 |
227.634 |
|
Total
borrowings |
260.852 |
311.431 |
227.634 |
|
Debt/Equity ratio |
0.372 |
0.390 |
0.254 |
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) |
|
Income |
1042.044 |
875.812 |
903.202 |
|
|
|
-15.952 |
3.127 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Income |
1042.044 |
875.812 |
903.202 |
|
Profit |
211.830 |
100.238 |
101.100 |
|
|
20.33% |
11.45% |
11.19% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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) |
No |
|
16 |
No. of employees |
No |
|
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 three 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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10392909 |
29/11/2012 |
67,872,000.00 |
BANK OF INDIA |
TURBHE BRANCH, PLOT NO 34, SECTOR 24, TURBHE,
NAVI MUMBAI, MAHARASHTRA - 400705, INDIA |
B64480312 |
|
2 |
10181223 |
04/09/2009 |
3,000,000.00 |
BANK OF INDIA |
TURBHE BRANCH, PLOT NO 34, SECTOR 24,
TURBHE, NAVI |
A71205090 |
|
3 |
10123905 |
17/10/2014 * |
800,000,000.00 |
BANK OF INDIA |
THANE MID CORPORATE BRANCH, G-5 AKRUTI SMC,
L B S MARG, KHOPAT JUNCTION, THANE (W), THANE WEST, MAHARASHTRA -
400601, INDIA |
C34278812 |
|
4 |
10123910 |
25/09/2014 * |
800,000,000.00 |
BANK OF INDIA |
THANE MID CORPORATE BRANCH, G-5 AKRUTI SMC,
OFF |
C34281485 |
|
5 |
10069132 |
11/09/2007 |
65,000,000.00 |
BANK OF INDIA |
TURBHE BRANCH, PLOT NO. 34, SECTOR - 24,
TURBHE, NAVI MUMBAI, MAHARASHTRA - 400705, INDIA |
A23797665 |
|
6 |
10069140 |
07/09/2007 |
65,000,000.00 |
BANK OF INDIA |
TURBHE BRANCH, PLOT NO. 34, SECTOR - 24,
TURBHE, NAVI MUMBAI, MAHARASHTRA - 400705, INDIA |
A23797350 |
|
7 |
10034875 |
15/01/2007 |
30,000,000.00 |
BANK OF INDIA |
PLOT NO. 34 , SECTOR 24, TURBHE, NAVI
MUMBAI, MAHARASHTRA - 400705, INDIA |
A09599804 |
|
8 |
10033209 |
28/12/2006 |
30,000,000.00 |
BANK OF INDIA |
PLOT NO.34 , SECTOR-24, TURBHE, NAVI
MUMBAI, MAHARASHTRA - 400705, INDIA |
A08831042 |
|
9 |
90243922 |
13/11/2005 |
120,000,000.00 |
BANK OF INDIA |
TURBHE BRANCH TURBHE, NAVI MUMBAI,
MAHARASHTRA - 400705, INDIA |
- |
|
10 |
80009793 |
09/08/2006 * |
30,000,000.00 |
BANK OF INDIA |
PLOT NO 34 SECTOR 24, TURBHE, NAVI MUMBAI, MAHARASHTRA
- 400705, INDIA |
A03556438 |
* Date of charge modification
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from 202, Krishna
Regency, Plot No. 40, Sector - 30, Vashi, Navi Mumbai - 400703, Maharashtra,
India to the present address w.e.f.01.01.2010.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
|
|
|
|
Guarantees given by banks |
67.355 |
38.208 |
FIXED ASSETS:
·
Buildings
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Office equipment
·
Computer equipments
·
Other equipments
·
Copyrights, patents and other operating rights
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. 66.43 |
|
|
1 |
Rs. 102.41 |
|
Euro |
1 |
Rs. 75.05 |
INFORMATION DETAILS
|
Information Gathered
by : |
SUP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
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 |
|
54 |
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.