|
|
|
MIRA INFORM REPORT
|
Report No. : |
502532 |
|
Report Date : |
07.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRANSPORT SOLUTIONS INDIA PRIVATE LIMITED (w.e.f.
28.05.2008) |
|
|
|
|
Formerly Known
As : |
STOKOTA ENGEE INDIA PRIVATE LIMITED
|
|
|
|
|
Registered
Office : |
Sr. No. 170, Plot No. D1, Chakan-Talegaon Highway, Khalumbre, Chakan
MIDC, Pune – 410 501, Maharashtra |
|
Tel No.: |
91-2135-666800 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
06.01.2006 |
|
|
|
|
Com. Reg. No.: |
11-021794 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 60.205 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34201PN2006PTC021794 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
3105019731 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAJCS5378K1ZN |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCS5378K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing of tippers trailers, tippers and transport tanks. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2006 and it is engaged as manufacturer of tippers trailers, tippers and transport tanks. Management has failed to file its financial after 2014 with Registrar of Companies. As per available financials of March 2014, the general financial position of the company is marked by net worth base and high debt level. Rating gets constrained on account of non-availability of latest
financial record of evaluate risk associated with the subject. Payment seems to be unknown. In view of aforesaid, the company can be considered for business
dealing at fully safe and secured 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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 07.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
|
Name : |
Mr. Pramod Deshpande |
|
Designation : |
AGM Finance |
|
Contact No.: |
91-8888999041 |
|
Date : |
06.04.2018 |
LOCATIONS
|
Registered Office / Factory: |
Sr. No. 170, Plot No. D1, Chakan-Talegaon Highway, Khalumbre, Chakan
MIDC, Pune – 410 501, Maharashtra, India |
|
Tel. No.: |
91-2135-666800 |
|
Mobile No.: |
91-8888999041 (Mr. Pramod Deshpande) |
|
Fax No.: |
91-2135-666866 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5.5 Acers |
|
Location : |
Lased |
|
Locality: |
Industrial |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Vijaikumar Rajnarain Singh |
||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||
|
Address : |
44, Telco Senior Officers Society, Pimpri, Pune – 411 018,
Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age : |
17.07.1944 |
||||||||||||||||||||
|
Date of Appointment : |
06.01.2006 |
||||||||||||||||||||
|
PAN No.: |
ACPPS6103D |
||||||||||||||||||||
|
DIN No.: |
00251966 |
||||||||||||||||||||
|
Other directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Anand Vijaikumar Singh |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
44, Telco Senior Officers Society, Pimpri, Pune – 411 018,
Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age : |
17.03.1975 |
||||||||||||||||||||
|
Date of Appointment : |
06.01.2006 |
||||||||||||||||||||
|
Pan No.: |
BCRPS0042L |
||||||||||||||||||||
|
DIN No.: |
00251982 |
||||||||||||||||||||
|
Other directorship:
|
|||||||||||||||||||||
|
Name : |
Mr. Jacob Vaandrager |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Veursestraatweg 102 2265 CK Leidschendam, Holland |
||||||||
|
Date of Birth/Age : |
07.04.1936 |
||||||||
|
Date of Appointment : |
16.01.2006 |
||||||||
|
DIN No.: |
03608484 |
||||||||
|
Other directorship:
|
|||||||||
KEY EXECUTIVE
|
Name : |
Mr. Pramod Deshpande |
|
Designation : |
AGM Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Vijai Kumar Singh |
|
1436644 |
|
Anand Singh |
|
1154607 |
|
J. Vaandrager Beher B.V., Holland |
|
1000000 |
|
Duke Special Opportunities Fund LLC, CA |
|
0 |
|
Duke Equity Partners, California |
|
0 |
|
TS India Holdings LLC, California |
|
0 |
|
Duke Advisors Private Limited, India |
|
0 |
|
Surya Premises Private Limited, India |
|
0 |
|
Duke Equity Limited, UAE |
|
743552 |
|
Elzas Holdings B V |
|
395753 |
|
Kinnary Singh |
|
9428 |
|
Shanti Singh |
|
77428 |
|
Amit Singh |
|
171142 |
|
PR Niryat private Limited, India |
|
2111912 |
|
Total |
|
7100466 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
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 |
30.13 |
|
Bodies corporate |
29.74 |
|
Directors or relatives of Directors |
40.13 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Subject is engaged in manufacturing of tippers trailers, tippers and transport tanks. [Registered activity and also confirmed by management] |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
Not Available |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C, Cash and Credit (30,60 Days) |
||||
|
|
|
||||
|
Purchasing : |
L/C, Cash and Credit (30,60 Days) |
PRODUCTION STATUS (31.03.2014)
|
DESCRIPTION OF THE ITEM |
UNIT |
PRODUCTION DURING THE YEAR QTY |
|
|
|
|
|
Tankar |
Nos. |
0 |
|
Tipper |
Nos. |
497 |
|
Trailer |
Nos. |
903 |
|
Truck Carrier |
Nos. |
54 |
|
Cabin |
Nos. |
23 |
|
Reefer Box |
Nos. |
6 |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
300 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR In Million)
|
|
Auditors : |
|
|
Name : |
V. C. Venkatraman and Company Chartered Accountants |
|
Address : |
11, Alka Classic, Near Union Bank of India, Somwar Peth, Pune – 411011, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABNPV4509M |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Joint Venture (AS
ON 31.03.2014): |
[U34202PN2008PTC132243]
[U63040PN2010FTC135587]
|
|
|
|
|
Common Directors (AS ON 31.03.2014): |
[U34100TN1980PLC008389] |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8650000 |
Equity Shares |
INR 10/- each |
INR 86.500 Million |
|
|
|
|
|
Issued, Subscribed Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7100466 |
Equity Shares |
INR 10/-
each |
INR 71.005
Million |
|
|
|
|
|
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8650000 |
Equity Shares |
INR 10/- each |
INR 86.500 Million |
|
|
|
|
|
Issued, Subscribed Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5900466 |
Equity Shares |
INR 10/-
each |
INR 59.005
Million |
|
1200000 |
Equity Shares |
Re.1/- each |
INR 1.200
Million |
|
|
|
|
|
|
|
Total |
|
INR 60.205 Million |
FINANCIAL DATA
[all figures are
in INR 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 |
60.205 |
60.205 |
59.993 |
|
(b) Reserves & Surplus |
187.646 |
171.529 |
137.538 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
1.081 |
1.081 |
1.081 |
|
Total
Shareholders’ Funds (1) + (2) |
248.932 |
232.815 |
198.612 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
641.112 |
45.516 |
70.743 |
|
(b) Deferred tax liabilities
(Net) |
2.371 |
1.675 |
1.051 |
|
(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) |
643.483 |
47.191 |
71.794 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
113.126 |
176.802 |
112.075 |
|
(b) Trade payables |
199.699 |
767.793 |
127.644 |
|
(c) Other current liabilities |
30.337 |
1.650 |
21.760 |
|
(d) Short-term provisions |
24.917 |
9.854 |
1.919 |
|
Total
Current Liabilities (4) |
368.079 |
956.099 |
263.398 |
|
|
|
|
|
|
TOTAL |
1260.494 |
1236.105 |
533.804 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
106.478 |
109.217 |
109.195 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
46.356 |
44.049 |
43.048 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
57.029 |
33.566 |
27.771 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
32.147 |
67.389 |
3.457 |
|
(e) Other Non-current assets |
373.135 |
14.712 |
8.676 |
|
Total
Non-Current Assets |
615.145 |
268.933 |
192.147 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
47.522 |
97.330 |
103.077 |
|
(c) Trade receivables |
161.293 |
398.673 |
148.023 |
|
(d) Cash and cash equivalents |
381.618 |
136.963 |
11.225 |
|
(e) Short-term loans and
advances |
41.136 |
332.799 |
78.050 |
|
(f) Other current assets |
13.780 |
1.407 |
1.282 |
|
Total
Current Assets |
645.349 |
967.172 |
341.657 |
|
|
|
|
|
|
TOTAL |
1260.494 |
1236.105 |
533.804 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
|
875.261 |
797.094 |
|
|
Other Income |
|
25.054 |
23.714 |
|
|
TOTAL
|
|
900.315 |
820.808 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
716.727 |
695.531 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
43.314 |
()3.203 |
|
|
Employees benefits expense |
|
34.191 |
32.641 |
|
|
Other expenses |
|
49.685 |
28.377 |
|
|
TOTAL
|
|
843.917 |
753.346 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
56.398 |
67.462 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
21.230 |
15.347 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
35.168 |
52.115 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
10.918 |
9.714 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
24.250 |
42.401 |
|
|
|
|
|
|
|
Less |
TAX |
|
8.133 |
9.679 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
16.117 |
32.722 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR ) |
|
2.27 |
4.61 |
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
|
526.009 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Cost of sales |
|
|
459.693 |
|
|
|
Administrative Expenses |
|
|
12.532 |
|
|
|
TOTAL |
|
|
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
51.563 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
|
|
14.963 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
36.600 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/ AMORTISATION |
|
|
8.956 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
27.644 |
|
|
|
|
|
|
|
|
|
|
TAX |
|
|
2.251 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
|
25.393 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR ) |
|
|
3.58 |
|
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Sales Turnover (Approximately) |
620.000 |
750.000 |
600.000 (Market
Fluctuation) |
Expected Sales (2017-2018): INR 850.000 Million
The above information has been parted by Mr. Pramod Deshpande
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
1.650 |
21.760 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(257.141) |
92.501 |
0.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
67.26 |
182.56 |
NA |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.43 |
2.00 |
NA |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
101.70 |
402.92 |
101.35 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.19 |
0.66 |
0.50 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.37 |
0.42 |
0.34 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.80 |
0.81 |
0.67 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.03 |
0.96 |
1.03 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.48 |
4.11 |
1.33 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.61 |
0.66 |
0.77 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.66 |
4.19 |
3.45 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.84 |
3.70 |
4.83 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.28 |
2.39 |
4.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.47 |
12.68 |
12.79 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.75 |
1.01 |
1.30 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.62 |
0.91 |
0.91 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.20 |
0.19 |
0.37 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
12.53 |
3.72 |
3.41 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.75 |
1.01 |
1.30 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR In Million) |
(INR In Million) |
(INR In Million) |
|
Share Capital |
59.993 |
60.205 |
60.205 |
|
Reserves & Surplus |
137.538 |
171.529 |
187.646 |
|
Share Application money pending allotment |
1.081 |
1.081 |
1.081 |
|
Net
worth |
198.612 |
232.815 |
248.932 |
|
|
|
|
|
|
long-term borrowings |
70.743 |
45.516 |
641.112 |
|
Short term borrowings |
112.075 |
176.802 |
113.126 |
|
Current maturities of
long-term debts |
21.760 |
1.650 |
0.000 |
|
Total
borrowings |
204.578 |
223.968 |
754.238 |
|
Debt/Equity
ratio |
1.030 |
0.962 |
3.030 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR In Million) |
(INR In Million) |
(INR In Million) |
|
Total Income |
526.009 |
820.808 |
900.315 |
|
|
|
56.044 |
9.686 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR In Million) |
(INR In Million) |
(INR In Million) |
|
Total Income |
526.009 |
820.808 |
900.315 |
|
Profit |
25.393 |
32.722 |
16.117 |
|
|
4.83% |
3.99% |
1.79% |
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 |
Yes |
|
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
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 |
No |
|
26 |
Turnover of firm for last six years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
NOTE: Registered office of the company has been shifted from 44, Telco Senior Officers Society, Pimpri, Pune – 411 018, Maharashtra, India to the present address.
UNSECURED DETAILS
(INR
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related parties |
0.000 |
41.667 |
|
Other loans and advances, others |
636.578 |
0.000 |
|
Total |
636.578 |
41.667 |
INDEX
OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B72086416 |
10416124 |
BANK OF
MAHARASHTRA |
25/03/2013 |
- |
- |
51500000.0 |
DECCAN GYMKHANA
BRANCHJM ROAD, DECCAN GYMKHANAPUNEMH411004IN |
|
2 |
B72084403 |
10416072 |
BANK OF
MAHARASHTRA |
25/03/2013 |
- |
- |
15000000.0 |
DECCAN GYMKHANA
BRANCHJM ROAD, DECCAN GYMKHANAPUNEMH411004IN |
|
3 |
B72088768 |
10416130 |
BANK OF
MAHARASHTRA |
25/03/2013 |
- |
- |
95000000.0 |
DECCAN GYMKHANA BRANCHJM
ROAD, DECCAN GYMKHANAPUNEMH411004IN |
|
4 |
C20146262 |
10414103 |
BANK OF
MAHARASHTRA DECCAN GYMKHANA BRANCH PUNE |
25/03/2013 |
08/05/2014 |
- |
200000000.0 |
1257 PAWAR
BUILDINGJ M ROADPUNEMH411004IN |
|
5 |
C24932964 |
10121355 |
CORPORATION BANK |
21/07/2008 |
- |
09/09/2014 |
47500.0 |
INDUSTRIAL FINANCE
BRANCH14, PUNE MUMBAI ROAD, WAKDEWADIPUNEMH411003IN |
|
6 |
C24935363 |
10121354 |
CORPORATION BANK |
21/07/2008 |
- |
09/09/2014 |
371000.0 |
INDUSTRIAL FINANCE
BRANCH14, PUNE MUMBAI ROAD, WAKDEWADIPUNEMH411003IN |
|
7 |
C24939191 |
10121353 |
CORPORATION BANK |
21/07/2008 |
- |
09/09/2014 |
722000.0 |
INDUSTRIAL FINANCE
BRANCH14, PUNE MUMBAI ROAD, WAKDEWADIPUNEMH411003IN |
|
8 |
C24948531 |
10305014 |
CORPORATION BANK |
16/07/2011 |
- |
09/09/2014 |
1109000.0 |
INDUSTRIAL FINANCE
BRANCH,14, PUNE -MUMBAI ROAD, WAKDEWADIPUNEMH411003IN |
|
9 |
C24929150 |
10067573 |
CORPORATION BANK |
08/09/2007 |
- |
09/09/2014 |
400000.0 |
INDUSTRIAL FINANCE
BRANCHNO.14, PUNE MUMBAI ROAD, WAKDEWADIPUNEMH411003IN |
|
10 |
C24957862 |
10305018 |
CORPORATION BANK |
28/07/2011 |
- |
09/09/2014 |
52860000.0 |
INDUSTRIAL FINANCE
BRANCH14, PUNE MUMBAI ROAD, WAKDEWADIPUNEMH411003IN |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office equipment
- Computer equipments
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
|
INR |
|
US Dollar |
1 |
INR 64.99 |
|
|
1 |
INR 90.96 |
|
Euro |
1 |
INR 79.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.