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|
MIRA INFORM REPORT
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Report No. : |
504300 |
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Report Date : |
17.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
TELAWNE POWER EQUIPMENTS PRIVATE LIMITED |
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Registered
Office : |
R-457, MIDC Rabale, Behind Pipeline Road, Thane-Belapur Road, Navi Mumbai – 400701, Maharashtra |
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Tel. No.: |
91-22-27642273/ 74/ 75 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
22.01.2004 |
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Com. Reg. No.: |
11-144150 |
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Capital
Investment / Paid-up Capital : |
INR 4.500 Million |
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CIN No.: [Company Identification
No.] |
U31100MH2004PTC144150 |
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IEC No.: [Import-Export Code No.] |
0304024473 |
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TIN No.: |
27430014019 |
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GSTN : [Goods & Service Tax
Registration No.] |
27AACCT0358D1ZM |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCT0358D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Supplier of Power Distribution Transformers. [Registered Activity and also Confirmed by Management] |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2004. It is a manufacturer and
supplier of Power Distribution Transformers. For the financial year 2017, the company has reported decline in its
revenue as compared to previous year but has managed to maintain low profit
margin of 0.99%. Rating takes into consideration the satisfactory financial profile of
the company marked by acceptable networth base along with comfortable debt
coverage indicators. The company has favourable Earning Per Share (EPS) of INR 111.45
against a face value (FV) of INR 100. However, rating strength are partially offset by unfavourable gap
between trade payables and trade receivables. Business is active. Payments are seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. NOTE: The correct
name of the company is “TELAWNE POWER EQUIPMENTS PRIVATE LIMITED”. |
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 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limits = B+ (Issuer not cooperating) |
|
Rating Explanation |
Risk-prone-credit-quality and carries very high credit risk |
|
Date |
09.06.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-fund based limits = A4 (Issuer not cooperating) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
09.06.2017 |
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 17.04.2018.
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. Duta |
|
Designation : |
Assistant Accounts Manager |
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Contact No.: |
91-22-27642273 |
|
Date : |
14.04.2018 |
LOCATIONS
|
Registered Office : |
R- 457, MIDC Rabale, Behind Pipeline Road, Thane-Belapur Road, Navi Mumbai – 400701, Maharashtra, India |
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Tel. No.: |
91-22-27642273 / 74 / 75 |
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Fax No.: |
91-22-27642277 |
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E-Mail : |
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Website: |
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Location: |
Leased |
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Locality: |
Industrial |
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Regional Offices: |
Located at: · Pune · Nagpur · Bangalore · Chennai · Delhi · Jabalpur · Kochi · Kolkata · Hyderabad · Bhuvaneshwar |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Aboli Rakesh Telawne |
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Designation : |
Director |
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Address : |
A-1002, Greeshma Residency-II, Near ACC Colony, Opposite Dnyan Sadhana, Thane - 400604, Maharashtra, India |
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Date of Birth/Age : |
23.11.1979 |
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Date of Appointment : |
30.09.2013 |
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DIN No.: |
06425852 |
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Name : |
Mr. Rakesh Sudhakar Telawane |
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Designation : |
Director |
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Address : |
A-1002, Greeshma Residency-II, Near ACC Colony, Opposite Dnyan Sadhana, Thane - 400604, Maharashtra, India |
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Date of Birth/Age : |
29.04.1978 |
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Date of Appointment : |
22.01.2004 |
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DIN No.: |
00438795 |
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Other Directorship:
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Name : |
Mrs. Shubhangi Sudhakar Telawane |
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Designation : |
Director |
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Address : |
A-1002, Greeshma Residency-II, Near ACC Colony, Opposite Dnyan Sadhana, Thane - 400604, Maharashtra, India |
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Date of Birth/Age : |
25.12.1955 |
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Date of Appointment : |
22.01.2004 |
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DIN No.: |
00438563 |
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Other Directorship:
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KEY EXECUTIVE
|
Name : |
Mr. Duta |
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Designation : |
Assistant Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Rakesh Telawane |
32150 |
71.44 |
|
Aboli Rakesh Telawne |
3850 |
8.56 |
|
Shubhangi Telawane jointly with Rakesh Telawane |
9000 |
20.00 |
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|
|
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Total |
45000 |
100.00 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
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Promoters (Individual/Hindu Undivided Family - Indian) |
100.00 |
|
|
|
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Supplier of Power Distribution Transformers. [Registered Activity and also Confirmed by Management] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products: |
Power Distribution Transformers |
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Countries: |
Dubai |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Advance Payment, L/C and Cheque |
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Purchasing : |
L/C |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
Not Divulged |
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Bankers : |
· SIDBI 1 & 2 Dhanlaxmi Residency, Near Hotel, Tip Top Plaza, L.B.S. Marg, Thane(W), Thane400602, Maharashtra, India · Canara Bank MID Corporate Branch, 101 Ishan Arcade Inaupada Thane - 400602, Maharashtra, India · TJSB Sahakari Bank Limited |
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Facilities : |
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Auditors : |
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|
Name : |
Srividyach and Rasekar Chartered Accountants |
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Address : |
A-1, Mulund Darshan, Mulund Colony, Mulund West, Mumbai - 400082,
Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
ACPPK6867L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises in which key management persons has significant influence and
enterprises having common management person : |
· Telawne Cromptek Electrical Private Limited · Prajash Projects and Services Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45000 |
Equity Shares |
INR 100/- each |
INR 4.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45000 |
Equity Shares |
INR 100/- each |
INR 4.500 Million |
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|
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.500 |
4.500 |
4.500 |
|
(b) Reserves & Surplus |
48.974 |
44.285 |
25.729 |
|
(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) |
53.474 |
48.785 |
30.229 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
14.077 |
1.000 |
1.856 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
14.077 |
1.000 |
1.856 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
64.945 |
63.930 |
59.695 |
|
(b)
Trade payables |
167.321 |
140.840 |
121.642 |
|
(c)
Other current liabilities |
0.000 |
0.625 |
0.974 |
|
(d)
Short-term provisions |
7.586 |
9.351 |
8.169 |
|
Total
Current Liabilities (4) |
239.852 |
214.746 |
190.480 |
|
|
|
|
|
|
TOTAL |
307.403 |
264.531 |
222.565 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
45.206 |
27.962 |
26.759 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
4.103 |
3.067 |
3.472 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
1.529 |
4.663 |
0.860 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
50.838 |
35.692 |
31.091 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
147.951 |
100.553 |
72.597 |
|
(c)
Trade receivables |
73.588 |
87.371 |
80.732 |
|
(d)
Cash and cash equivalents |
0.418 |
1.751 |
15.953 |
|
(e)
Short-term loans and advances |
22.691 |
37.935 |
20.386 |
|
(f)
Other current assets |
11.917 |
1.229 |
1.806 |
|
Total
Current Assets |
256.565 |
228.839 |
191.474 |
|
|
|
|
|
|
TOTAL |
307.403 |
264.531 |
222.565 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
507.133 |
568.661 |
419.569 |
|
|
|
Other Income |
6.683 |
2.400 |
2.125 |
|
|
|
TOTAL |
513.816 |
571.061 |
421.694 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
452.928 |
466.998 |
338.266 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(45.912) |
(14.094) |
0.380 |
|
|
|
Employees benefits expense |
30.461 |
26.882 |
16.838 |
|
|
|
Prior period items |
0.000 |
2.207 |
4.108 |
|
|
|
Other expenses |
45.006 |
43.814 |
32.121 |
|
|
|
TOTAL |
482.483 |
525.807 |
391.713 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
31.333 |
45.254 |
29.981 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
15.587 |
12.947 |
17.244 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
15.746 |
32.307 |
12.737 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.696 |
4.350 |
3.747 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
8.050 |
27.957 |
8.990 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.035 |
9.401 |
2.987 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
5.015 |
18.556 |
6.003 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods
calculated on FOB basis |
2.030 |
2.315 |
4.729 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
0.252 |
0.319 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
111.45 |
412.36 |
133.41 |
|
|
PARTICULARS |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
700.000 |
|
|
|
|
|
The above information has been parted by Mr. Dutta [Assistant Accounts
Manager]
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current
Maturities of Long term debt |
|
|
|
|
TJSB car loan |
0.000 |
0.000 |
0.426 |
|
ICICI car loan |
0.000 |
0.125 |
0.279 |
|
Canara term loan |
0.000 |
0.500 |
0.270 |
|
Total |
0.000 |
0.625 |
0.974 |
|
|
|
|
|
|
Cash Provided by operations |
12.614 |
33.518 |
NA |
|
|
|
|
|
|
Net Cash flow from Operating Activities |
9.580 |
24.118 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
52.96 |
56.08 |
70.23 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.89 |
6.51 |
5.20 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
134.84 |
110.08 |
131.26 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.21 |
0.45 |
0.41 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.69 |
1.62 |
1.12 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.83 |
0.82 |
0.87 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.48 |
1.34 |
2.07 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.49 |
4.40 |
6.30 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.85 |
0.57 |
0.89 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.01 |
3.50 |
1.74 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.99 |
3.26 |
1.43 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.63 |
7.01 |
2.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.38 |
38.04 |
19.86 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.07 |
1.07 |
1.01 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.45 |
0.60 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.17 |
0.18 |
0.14 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
17.56 |
14.57 |
13.89 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.07 |
1.07 |
1.01 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
4.500 |
4.500 |
4.500 |
|
Reserves & Surplus |
25.729 |
44.285 |
48.974 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
30.229 |
48.785 |
53.474 |
|
|
|
|
|
|
long-term borrowings |
1.856 |
1.000 |
14.077 |
|
Short term borrowings |
59.695 |
63.930 |
64.945 |
|
Current Maturities of Long
term debt |
0.975 |
0.625 |
0.000 |
|
Total
borrowings |
62.526 |
65.555 |
79.022 |
|
Debt/Equity
ratio |
2.068 |
1.344 |
1.478 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
419.569 |
568.661 |
507.133 |
|
|
|
35.535 |
-10.820 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
419.569 |
568.661 |
507.133 |
|
Profit |
6.003 |
18.556 |
5.015 |
|
|
1.43% |
3.26% |
0.99% |
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 |
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
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G39659339 |
100086780 |
SIDBI |
30/03/2017 |
- |
- |
10000000.0 |
1 & 2 DHANLAXMI RESIDENCY, NEAR HOTEL,TIP TOP PLAZA, L.B.S. MARG, THANE(W)THANEMH400602IN |
|
2 |
G04642658 |
100029666 |
CANARA BANK |
23/05/2016 |
- |
- |
1560000.0 |
MID CORPORATE BRANCH, 101 ISHAN ARCADE INAUPADA THANETHANEMH400602IN |
|
3 |
G34640540 |
10561987 |
CANARA BANK |
26/02/2015 |
10/01/2017 |
- |
226450000.0 |
MID CORPORATE BRANCH, SHELAR BUILDING,GOKHALE ROAD, NAUPADA, THANE WESTTHANEMH400602IN |
|
4 |
G10387504 |
10413927 |
TJSB SAHAKARI BANK LIMITED |
16/03/2013 |
- |
29/08/2016 |
1400000.0 |
ANANT LAXMI CHEMBER, B- CABIN,SHIVAJI NAGAR ROAD,NAUPADATHANEMH400602IN |
|
5 |
C45976289 |
10110276 |
TJSB SAHAKARI BANK LIMITED |
09/09/2006 |
24/06/2013 |
07/03/2015 |
80000000.0 |
GOLDEN HEAVENS APPT, NEAR PRATAP TALKIES,KHOPAT, POKHRAN ROAD NO.1, THANETHANEMH400601IN |
|
6 |
C45970316 |
10534286 |
TJSB SAHAKARI BANK LIMITED |
24/09/2014 |
- |
07/03/2015 |
11000000.0 |
GOLDEN HEAVENS CHSPOKHARAN ROAD NO. 1, KHOPAT,THANEMH400601IN |
|
7 |
C45844099 |
10475318 |
TJSB SAHAKARI BANK LIMITED |
16/01/2014 |
- |
07/03/2015 |
30000000.0 |
GOLDEN HEAVENS CHS.,POKHARAN ROAD NO. 1, KHOPATTHANEMH400601IN |
|
8 |
C45974896 |
10165105 |
TJSB SAHAKARI BANK LIMITED |
27/03/2008 |
06/05/2014 |
07/03/2015 |
89000000.0 |
GOLDEN HEAVEN CHS., POKHARAN ROAD NO. 1,KHOPAT, THANE (WEST),THANEMH400601IN |
|
9 |
C35043017 |
10268248 |
THE THANE JANATA SAHAKARI BANK LIMITED |
07/04/2010 |
- |
03/11/2014 |
25000000.0 |
GOLDEN HEAVENS CHS., POKHARAN ROAD NO. 1,KHOPAT, THANE WESTTHANEMH400601IN |
|
10 |
C04674545 |
10110274 |
THE THANE JANATA SAHAKARI BANK LIMITED |
09/09/2006 |
- |
06/05/2014 |
26800000.0 |
GOLDEN HEAVENS, OPP S.T. WORKSHOP,KHOPAT,THANEMH400601IN |
OPERATIONS:
The Company
continues to be engaged in the activities pertaining to manufacture, &
supply of power distribution transformers. There was no change in nature of the
business of the Company, during the year.
COMPANY OVERVIEW:
The company is primarily
engaged in the business of Manufacturer and Supply of Power Distribution
Transformers. The company has its operations primarily in india.
FIXED ASSETS:
· Factory Building
· Plant and Machinery
· Mobiles
· Office Equipment’s
· Computer
· Air Conditioner
· Testing Equipment
· Toyota Innova
· Water Cooler
· Furniture and Fixture
· Cars
· Corporate Lodha Office
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 65.45 |
|
UK Pound |
1 |
INR 93.28 |
|
Euro |
1 |
INR 80.74 |
INFORMATION
DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
ARC |
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 |
YES |
|
--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.