MIRA INFORM REPORT
|
Report No. : |
343041 |
|
Report Date : |
29.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
ESSENTIAL POWER TRANSMISSION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Esenpro House, 24 Marol Co - Operative Industrial Estate, M.V. Nagar,
Andheri ( East), Mumbai – 400059, Maharashtra |
|
Tel. No.: |
91-22-28505132 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
27.05.1983 |
|
|
|
|
Com. Reg. No.: |
11-030059 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.968 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29130MH1983PTC030059 |
|
|
|
|
IEC No.: |
0391142071 |
|
|
|
|
TIN No.: |
27050299699 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUME04632F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE3426D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Gear Boxes. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The company has incurred losses from its operations in FY14. As per
Director’s Report the company has not achieved expected performance due to
lower demand for its products. Further, the company has taken additional
short term borrowing in the year under consideration. Trade relations are fair. Business is active. Payment terms are
reported to be 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
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities=BB+ |
|
Rating Explanation |
Inadequate credit-quality and high credit
risk |
|
Date |
April, 2015 |
|
|
|
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities=A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk |
|
Date |
April, 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 PARTED BY
|
Name : |
Ms. Teru |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-28505132 |
|
Date : |
28.09.2015 |
LOCATIONS
|
Registered Office : |
Esenpro House, 24 Marol Co - Operative Industrial Estate, M.V. Nagar,
Andheri ( East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-28505132/ 3685 / 6471 / 2148 |
|
Fax No.: |
91-22-28504501 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Mumbai Unit I 6, Hytex Industrial Estate, S.V. Road, Dahisar (East), Mumbai-400098,
Maharashtra, India |
|
Tel. No.: |
91-22- 28488742/ 28488911/ 28488645 |
|
Fax No.: |
91-22- 28488147 |
|
E Mail: |
|
|
|
|
|
Factory 2: |
Valsad Unit II Plot No. 4 and 4 – AA, P.O. GIDC Estate, Gundlav – 396035, Valsad
Western Railway, Gujarat, India |
|
Tel. No.: |
91-2632-236674 / 236232 |
|
Fax No.: |
91-2632-236632 |
|
Location : |
Owned |
|
|
|
|
Chennai Sales
Office : |
2G, Dev Regency, No.6, First Main Road, Gandhi Nagar,
Adyar, Chennai-600020, Tamilnadu, India |
|
Mobile No: |
91-9381000094 (Mr. V.T Arasu) |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Kashyap Chandulal Shah |
|
Designation : |
Director |
|
Address : |
35, Ami Manek, Jai Hind CHSG. Society, 11th Road, J.V.P.D
Scheme, Juhu, Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
20.09.1954 |
|
Qualification : |
B.E. (MET) M.M.S (USA) |
|
Experience : |
34 Years |
|
Date of Appointment : |
27.05.1983 |
|
DIN No.: |
00699663 |
|
|
|
|
Name : |
Mr. Bharat Chandulal Shah |
|
Designation : |
Director |
|
Address : |
1303, Parasram Puria Tower 5,, Off New Link Road, Andheri-(West),
Mumbai- 400053, Maharashtra, India |
|
Date of Birth/Age : |
12.05.1944 |
|
Qualification : |
Chartered Engineers
|
|
Experience : |
31 Years |
|
Date of Appointment : |
27.05.1983 |
|
DIN No.: |
00699710 |
|
|
|
|
Name : |
Mr. Deepak Vishnu Barve |
|
Designation : |
Director |
|
Address : |
B 9 Naw Prabhat CH Society, Sant Janabai Road, Vile-Parle
(East), Mumbai-400057, Maharashtra, India |
|
Date of Birth/Age : |
17.09.1951 |
|
Date of Appointment : |
15.12.2006 |
|
DIN No.: |
01726251 |
KEY EXECUTIVES
|
Name : |
Ms. Teru |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Kashyap Chandulal Shah |
|
183256 |
|
Chandrakanta Chandula Shah |
|
53276 |
|
Bharat Chandulal Shah |
|
179587 |
|
Bharat Chandulal Shah (Huf) |
|
8049 |
|
Esenpro Transmission Equipments Private Limited, India |
|
43688 |
|
Kashyap Chandulal Shah (HUF) |
|
4381 |
|
B. S. Singh |
|
3615 |
|
K. R. Naik |
|
3455 |
|
P. Rajagopal |
|
3454 |
|
T. C. D’ Souza |
|
864 |
|
P. K. Patil |
|
1044 |
|
S. S. Thali |
|
804 |
|
Ramesh D Patel |
|
864 |
|
Meena B Shah |
|
4000 |
|
Deepak Vishnu Barve |
|
2500 |
|
Uday T. Bhatt |
|
1666 |
|
Jay Kashyap Shah |
|
1520 |
|
Narendra Vora |
|
800 |
|
Total |
|
496823 |
AS ON 25.03.2015
|
Names of Allottees |
|
No. of Shares |
|
Kashyap Chandulal Shah |
|
32000 |
|
Bharat Chandulal Shah |
|
32000 |
|
Shailesh Kasanji |
|
10000 |
|
Total |
|
74000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
8.79 |
|
Directors
or relatives of directors |
87.53 |
|
Other
top fifty shareholders |
3.68 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Gear Boxes. |
|
|
|
|
Products : |
-- |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
· USA · UK · Sri Lanka |
|
|
|
|
Imports : |
|
|
Products : |
-- |
|
Countries : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C and Credit |
|
|
|
|
Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and End Users
· Tata Steel Limited · Indian Oil Company Limited · Ambuja Cements Limited · Uttam Galva Steels Limited · Voltas Limited · Reliance Industries Limited |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chandulal M. Shah and Company Chartered Accountants |
|
Address : |
304, Maker Bhavan No. 3, 21, New Marine Lines, Mumbai-400020,
Maharashtra, India |
|
Tel. No.: |
91-22-40021980/ 40021981 |
|
Mobile No.: |
91-9892349788 |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFC5019K |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associate Concerns : |
·
Esenpro Finance and Investment Private
Limited · Esenpro Transmission Equipment Private Limited |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
570823 |
Equity Shares |
Rs. 10/- each |
Rs. 5.708
Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
496,823 |
Equity Shares |
Rs. 10/- each |
Rs. 4.968
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 |
4.968 |
4.968 |
3.943 |
|
(b) Reserves & Surplus |
100.817 |
123.136 |
84.949 |
|
(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) |
105.785 |
128.104 |
88.892 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
79.378 |
87.069 |
66.147 |
|
(b) Deferred tax liabilities (Net) |
1.527 |
12.309 |
10.174 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
80.905 |
99.378 |
76.321 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
101.140 |
82.578 |
75.638 |
|
(b)
Trade payables |
132.211 |
90.973 |
52.276 |
|
(c)
Other current liabilities |
28.121 |
35.635 |
36.069 |
|
(d)
Short-term provisions |
0.229 |
2.897 |
2.738 |
|
Total
Current Liabilities (4) |
261.701 |
212.083 |
166.721 |
|
|
|
|
|
|
TOTAL |
448.391 |
439.565 |
331.934 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
173.013 |
194.144 |
150.346 |
|
(ii)
Intangible Assets |
1.955 |
1.724 |
0.442 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
14.223 |
13.746 |
12.056 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
1.018 |
|
Total
Non-Current Assets |
189.191 |
209.614 |
163.862 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
133.164 |
124.687 |
81.727 |
|
(c)
Trade receivables |
94.871 |
82.101 |
60.737 |
|
(d)
Cash and cash equivalents |
20.402 |
8.997 |
9.364 |
|
(e)
Short-term loans and advances |
2.438 |
2.116 |
1.773 |
|
(f)
Other current assets |
8.325 |
12.050 |
14.471 |
|
Total
Current Assets |
259.200 |
229.951 |
168.072 |
|
|
|
|
|
|
TOTAL |
448.391 |
439.565 |
331.934 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
336.967 |
352.167 |
321.786 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
19.382 |
63.104 |
63.954 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
23.939 |
20.969 |
21.647 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(4.557) |
42.135 |
42.307 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
28.544 |
21.999 |
22.788 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEFERRED TAX - CURRENT |
10.782 |
(2.135) |
(2.611) |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(22.319) |
18.001 |
16.908 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
4.429 |
3.366 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(22.319) |
13.572 |
13.542 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
4.631 |
4.559 |
1.017 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
13.500 |
10.000 |
|
|
BALANCE CARRIED
TO THE B/S |
(17.688) |
4.631 |
4.559 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
12.014 |
6.462 |
23.268 |
|
|
TOTAL EARNINGS |
12.014 |
6.462 |
23.268 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(45) |
27 |
34 |
|
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
293.800 |
|
|
|
|
(Market
Fluctuation) |
The above information has been parted by Ms. Teru (Accounts Executive)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
18.427 |
25.704 |
26.852 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from used in Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(6.62) |
3.85 |
4.21 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
5.75 |
17.92 |
19.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.98) |
4.10 |
5.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.21) |
0.14 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.88 |
1.52 |
1.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99 |
1.08 |
1.01 |
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
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
3.943 |
4.968 |
4.968 |
|
Reserves & Surplus |
84.949 |
123.136 |
100.817 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
88.892 |
128.104 |
105.785 |
|
|
|
|
|
|
Long-term borrowings |
66.147 |
87.069 |
79.378 |
|
Short term borrowings |
75.638 |
82.578 |
101.140 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
26.852 |
25.704 |
18.427 |
|
Total
borrowings |
168.637 |
195.351 |
198.945 |
|
Debt/Equity
ratio |
1.897 |
1.525 |
1.881 |
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 |
321.786 |
352.167 |
336.967 |
|
|
|
9.441 |
(4.316) |
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 |
321.786 |
352.167 |
336.967 |
|
Profit |
13.542 |
13.572 |
(22.319) |
|
|
4.21% |
3.85% |
(6.62%) |
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 |
Yes |
|
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% |
Yes |
|
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 |
Yes |
|
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 |
90225069 |
01/01/2014 * |
188,600,000.00 |
STATE BANK OF INDIA |
M.I.D.C., ANDHERI (EAST)
BRANCH, MAROL,, CENTRAL |
B94278868 |
|
2 |
90226289 |
03/05/2004 * |
14,500,000.00 |
STATE BANK OF INDIA |
M.I.D.C ANDHERI
EAST BRANCH, MAROL; CENTRAL ROAD; |
- |
|
3 |
90224355 |
24/07/1992 |
7,300,000.00 |
STATE BANK OF INDIA |
BORIVLI EAST
BRANCH; MANODAY, DATTAPADA KANARI RO |
- |
|
4 |
90221693 |
27/11/1997 * |
7,300,000.00 |
STATE BANK OF INDIA |
BORIVLI EAST
BRANCH, BOMBAY- 400066, MAHARASHTRA, |
- |
|
5 |
90225716 |
29/12/1989 |
7,300,000.00 |
STATE BANK OF INDIA |
BORIVLI EAST
BRANCH, BOMBAY- 400066, MAHARASHTRA, |
- |
|
6 |
90225579 |
01/04/1987 |
737,000.00 |
STATE BANK OF INDIA |
BORIVLI EAST
BRANCH, BOMBAY- 400066, MAHARASHTRA, |
- |
|
7 |
90223874 |
12/08/1986 |
5,000,000.00 |
STATE BANK OF INDIA |
BORIVLI EAST
BRANCH, BOMBAY- 400066, MAHARASHTRA, |
- |
|
8 |
90221163 |
23/12/1984 |
3,700,000.00 |
STATE BANK OF INDIA |
BORIVLI EAST
BRANCH, DATTAPADA KANARI ROAD; BORIV |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From
Others |
35.884 |
24.751 |
|
|
|
|
|
Total |
35.884 |
24.751 |
REVIEW
OF OPERATIONS:
The current year turnover shows a Decreaseof
4.31% from Rs.352.167 Million to Rs.336.967 Million due to which there is a
loss of Rs.2,2.319 Million. They were not able to achieve projected revenue
largely due to the lower demand for gearboxes, predominantly in the
infrastructure related industries, significantly lower exports, and lower
servicing revenue. Due to intense Competition Company was not able to get the
orders at Expected Price.
The Company remains confident that the
future is positive given the confidence of its customers on the Company’s
products and service and the fact that the government is seized of the need to
stimulate growth. Prospects of a better monsoon, lower inflation and reduction
in interest rates could spur economic growth during the current financial year.
FIXED ASSETS:
Tangible Assets
·
Land
·
Machinery
·
Air
Condition
·
Furniture
and Fixtures
·
Vehicles
·
Office
Equipment
·
Building
·
Electric
Generator
·
Electric
Installation
·
Computer
Intangible Assets
·
Goodwill
·
Software
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. 66.08 |
|
UK Pound |
1 |
Rs. 100.32 |
|
Euro |
1 |
Rs. 73.81 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.