|
|
|
MIRA INFORM REPORT
|
Report No. : |
505767 |
|
Report Date : |
25.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
ALUCAST AUTO PARTS LIMITED (w.e.f. 13.02.2008) |
|
|
|
|
Formerly Known
As : |
ALUCAST AUTO PARTS PRIVATE LIMITED (w.e.f. 29.03.2007) ALUCAST FOUNDRIES BELGAUM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
R.S. No. 664/2 Waghwade Road, Mache Belgaum-590014, Karnataka |
|
Tel. No.: |
91-831-4202028 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
09.05.1995 |
|
|
|
|
Com. Reg. No.: |
08-017793 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 201.771 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28920KA1995PLC017793 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GST No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA1239Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
·
Manufacturing of C I Casting and S G Casting. [Registered
Activity] · Manufacturer of all kinds of Machines, Oil Engine and Iron Machine Components. [As per Memorandum of Association] |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
D |
|
Credit Rating |
Explanation |
Rating Comments |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
Status : |
Sick Company |
|
|
|
|
Payment Behaviour : |
Slow and Delayed |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated in the year 1995. It is a manufacturer of all kinds of Machines, Oil Engine and Iron Machine Components. Management has failed to fail its financials with Registrar of Companies for the FY 2017. As per the available financial record of 2016, the revenue of the company has increased by 4.14% but has incurred operational losses. The moderate financial profile of the company is reflected by negative networth base due to huge accumulated losses along with average debt coverage indicators. The company has been found under RBI defaulter’s list, the name of credit grantor is State Bank of India and the amount charged is INR 526.668 million dated 31st December, 2017. The management has registered case (Case No. 62/2013) with Board for Industrial and Financial Reconstruction (BIFR) under Sick Industrial Companies Act, 1985 and status for the order of rehabilitation proposal is shown as pending determination of sickness as on 16 November 2016. However, the current update for the same is not available as the BIFR website is unreachable. Payment seems to be slow and delayed. In view of aforesaid, we do not recommend any business dealings with the company. |
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 has been found enlisted as a
defaulter in the publicly available RBI Defaulters’ list and the details of the
same are as under :
SUIT-FILED
ACCOUNTS OF INR 10.000 MILLION AND ABOVE AS ON 24.04.2018
|
Borrowers’ Name : |
Alucast Auto Parts Limited |
|
Address : |
Shed No. B-16, KSSIDC Industrial Estate, Angol, Belgaum-590008, Karnataka, India |
|
Name of Individual : |
· A T Krishnakumar · Anil Verma · Poornima Sanjay Bichu · Sanjay Gopalrao Bichu |
|
Name of Credit Grantors / Bank & Branch: |
State Bank of India [SAMB Bangalore] |
|
Amount (INR In Million) : |
INR 526.668 Million |
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 listed as a Sick Unit in the
publicly available BIFR (Board for Industrial & Financial Reconstruction)
list as of 16.11.2016.
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 DECLINED
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-831-4202028]
[91-9449842632 is continuously ringing]
LOCATIONS
|
Registered Office : |
R.S. No. 664/2 Waghwade Road, Mache Belgaum-590014, Karnataka, India |
|
Tel. No.: |
91-831-4202028 |
|
Fax No.: |
91-831-2407601 |
|
E-Mail : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Sanjay Gopal Bichu |
||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||
|
Address : |
308/B Roy Road Tilakwadi, Belgaum-590006, Karnataka, India |
||||||||||||||||
|
Date of Birth/Age : |
30.08.1962 |
||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||
|
Date of Appointment : |
09.05.1995 |
||||||||||||||||
|
PAN No.: |
ACNPB9307L |
||||||||||||||||
|
DIN No.: |
00898765 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Athreya Tyagarajan Krishnakumar |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
Old No.6 New No.14 Visweswarapuram Street, Alwarpet,
Chennai-600018, Tamilnadu, India |
||||||||||||||||
|
Date of Birth/Age : |
08.03.1957 |
||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||
|
Date of Appointment : |
23.01.2007 |
||||||||||||||||
|
DIN No.: |
00926304 |
||||||||||||||||
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mrs. Poornima Sanjay Bichu |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
H. No. 308/1 B, Roy Road Tilakwadi, Belgaum-590006,
Karnataka, India |
||||||||||||||||
|
Date of Birth/Age : |
15.08.1969 |
||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||
|
Date of Appointment : |
09.05.1995 |
||||||||||||||||
|
DIN No.: |
01773862 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Anil Varma |
||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||
|
Address : |
3 The Old Forge, Rendocomb, Cirencester Gl77hb Gb |
||||||||||||||||
|
Date of Birth/Age : |
21.09.1954 |
||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||
|
Date of Appointment : |
28.12.2011 |
||||||||||||||||
|
DIN No.: |
05105686 |
||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Rajesh Shrinivas Mulgund |
|
Designation : |
CHIEF Financial Officer (KMP) |
|
Address : |
Plot No-74, Near SBI Colony, Rani Channamma Nagar, Belgaum
Tilakwadi, Belgaum-590006, Karnataka, India |
|
Date of Appointment : |
29.03.2016 |
|
PAN No.: |
AKMPM8873D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2016
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON: 30.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
47.67 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
10.58 |
|
Public/Other than promoters - Body Corporate |
15.47 |
|
Public/Other than promoters – Others (Indian Companies) |
26.28 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
·
Manufacturing of C I Casting and S G Casting. [Registered
Activity] · Manufacturer of all kinds of Machines, Oil Engine and Iron Machine Components. [As per Memorandum of Association] |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· Export Import Bank of India 21 Floor Centre One, World Trade Centre Complex, Cuffe Parade, Mumbai-400005, Maharashtra, India · The State Bank of India Commercial Branch Halgakar Building,, Goa Ves, Hindwadi, Belgaum - 590011, Karnataka, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
C.N. Hunnargikar and Company Chartered Accountants |
|
Address : |
204 Mahalaxmi Apartment College Road, Belgaum-590001, Karnataka, India |
|
PAN No.: |
AABFC2120N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Company : |
EGM Automotive Gmbh Germany |
CAPITAL STRUCTURE
AFTER: 30.09.2016
Authorised Capital : INR
270.000 Million
Issued, Subscribed & Paid-up Capital : INR 201.771 Million
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000000 |
Equity Shares |
INR 10/- each |
INR 1500.000 Million |
|
12000000 |
Preference Shares |
INR 10/- each |
INR 120.000 Million |
|
|
Total |
|
INR 1620.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11071043 |
Equity Shares |
INR 10/- each |
INR 110.710
Million |
|
9106072 |
Preference Shares |
INR 10/- each |
INR 91.061 Million |
|
|
Total |
|
INR 201.771
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
201.771 |
201.771 |
201.771 |
|
(b) Reserves and Surplus |
(702.558) |
(673.235) |
(570.732) |
|
(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) |
(500.787) |
(471.464) |
(368.961) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1226.900 |
1226.900 |
1226.900 |
|
(b) Deferred tax liabilities (Net) |
8.968 |
8.968 |
8.968 |
|
(c) Other long-term
liabilities |
25.000 |
21.306 |
18.939 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1260.868 |
1257.174 |
1254.807 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
216.251 |
223.751 |
243.443 |
|
(b) Trade
payables |
67.929 |
80.319 |
83.160 |
|
(c) Other
current liabilities |
0.000 |
1.369 |
1.553 |
|
(d) Short-term
provisions |
23.393 |
27.665 |
25.185 |
|
Total Current
Liabilities (4) |
307.573 |
333.104 |
353.341 |
|
|
|
|
|
|
TOTAL |
1067.654 |
1118.814 |
1239.187 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
731.699 |
787.577 |
833.454 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 |
0.003 |
0.003 |
0.003 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
136.503 |
133.753 |
133.753 |
|
(e) Other
Non-current assets |
72.800 |
77.456 |
103.990 |
|
Total Non-Current
Assets |
941.005 |
998.789 |
1071.200 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
86.426 |
88.837 |
93.905 |
|
(c) Trade
receivables |
20.253 |
28.455 |
70.152 |
|
(d) Cash and
bank balances |
0.977 |
(0.686) |
1.799 |
|
(e)
Short-term loans and advances |
18.993 |
3.419 |
2.131 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
126.649 |
120.025 |
167.987 |
|
|
|
|
|
|
TOTAL |
1067.654 |
1118.814 |
1239.187 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
474.754 |
455.869 |
448.353 |
|
|
Other Income |
2.758 |
3.893 |
4.600 |
|
|
TOTAL |
477.512 |
459.762 |
452.953 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
199.177 |
216.493 |
248.018 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.949 |
0.327 |
53.298 |
|
|
Employee benefit expense |
42.885 |
51.088 |
41.168 |
|
|
Other expenses |
180.048 |
198.222 |
204.365 |
|
|
TOTAL |
425.059 |
466.130 |
546.849 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
52.453 |
(6.368) |
(93.896) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
14.310 |
12.632 |
116.219 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
38.143 |
(19.000) |
(210.115) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
67.465 |
82.505 |
40.810 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(29.322) |
(101.505) |
(250.925) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(29.322) |
(101.505) |
(250.925) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(1.45) |
(5.03) |
(12.44) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
10.376 |
45.458 |
(157.852) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
10.376 |
46.203 |
(53.593) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
15.57 |
22.78 |
57.11 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
23.44 |
16.02 |
6.39 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
124.48 |
135.42 |
122.38 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.61 |
(0.07) |
(1.00) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.07 |
(0.01) |
(0.11) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.44 |
1.39 |
1.28 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
(2.88) |
(3.08) |
(3.99) |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
(0.61) |
(0.71) |
(0.96) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
(1.46) |
(1.67) |
(2.26) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.67 |
(0.50) |
(0.81) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(6.18) |
(22.27) |
(55.97) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(2.75) |
(9.07) |
(20.25) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.86 |
21.53 |
68.01 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.41 |
0.36 |
0.48 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.13 |
0.09 |
0.21 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
(0.47) |
(0.42) |
(0.30) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.15 |
7.19 |
7.29 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.41 |
0.36 |
0.48 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
201.771 |
201.771 |
201.771 |
|
Reserves & Surplus |
(570.732) |
(673.235) |
(702.558) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(368.961) |
(471.464) |
(500.787) |
|
|
|
|
|
|
Long-term borrowings |
1226.900 |
1226.900 |
1226.900 |
|
Short term borrowings |
243.443 |
223.751 |
216.251 |
|
Total
borrowings |
1470.343 |
1450.651 |
1443.151 |
|
Debt/Equity
ratio |
(3.985) |
(3.077) |
(2.882) |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
448.353 |
455.869 |
474.754 |
|
|
|
1.676 |
4.143 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
448.353 |
455.869 |
474.754 |
|
Profit/ (Loss) |
(250.925) |
(101.505) |
(29.322) |
|
|
(55.97
%) |
(22.27
%) |
(6.18
%) |
LEGAL CASES
This is archived version of case. To check
in ecourt site please go to link. then click on Case Status. Select state
: Karnataka, district : BELAGAVI, court complex name : New Court
Complex-Belagavi and enter on of party name with case year from registration
date
Top of Form
JMFC II COURT, BELGAUM
Case
Details
Case
Type : C.C.
Filing Number: 28/2017Filing Date:
16-01-2017
Registration Number: 28/2017Registration
Date: 16-01-2017
CNR
Number: KABG06-000078-2017
Case Status
First Hearing Date : 30th January 2017
Next Hearing Date: 30th January 2017
Stage of Case: SS TO ACCUSED
Court Number and Judge : 135-JMFC
II COURT, BELGAUM
Petitioner
and Advocate
1) The Income Tax Department,
Address - 3rd
Floor, Pundalik Niwas, Rua De Qurem, Panaji,
Respondent
and Advocate
1) Alucast Auto Parts Ltd, Belgavi,( Formerly known as M/S Alucast
Foundaries Belagavi Pvt. Ltd.)
Address - 664/2,
Waghwade Road, Machhe, Belagavi, Karnataka,
2) Sri. Sanjay Bichu,
The Managing
Director, M/S, Alucast Auto Parts Ltd, Belagavi, Waghwade Road,
Machhe,Belagavi,
Acts
|
Under Act(s) |
Under Section(s) |
|
Indian Penal Cod IPC |
276B,Rw,278B,I,T,ACT,1961, |
This is archived version of case.To get live status of case click here. To check in ecourt site please go to link. then click on Case Status. Select state : Maharashtra, district : Nagpur, court complex name : District and Sessions Court, Akashwani Chowk, Nagpur - 440001 and enter on of party name with case year from registration date
CASE STATUS
|
Case Details |
|
|
|
Case Type |
Spl .Dkst |
|
|
Filing No. |
203765/2014 Filing date: 30-10-2014 |
|
|
Registration No. |
200181/2014 Registration date: 08-11-2014 |
|
|
Case code |
204802037652014 |
|
|
|
|
|
|
CASE STATUS |
|
|
|
First Hearing Date |
08-11-2014 |
|
|
Next Hearing Date |
29-11-2014 |
|
|
Purpose of Hearing |
Awaiting Notice |
|
|
Court No & Judge |
1 - 3rd Jt.Civil Judge Sr.Dn. And ACJM Nagpur |
|
|
|
|
|
|
Petitioner(s) & Advocate(s) |
|
|
|
Petitioner - MPM Private Ltd. |
|
|
|
Respondent(s) & Advocate(s) |
|
|
|
Respondent - Alucast Auto Parts Ltd. And 7 Address - B-16 KSSIDC INDL Estate Udyambag Belgaum Advocate – Extra parties
Address - Alucast Auto Parts Ltd. R.S.NO.664/2 Waghawade Road Belgaum 5900014 Advocate – 3) Respondent - Arthery T. Krishnakumar Address - Alucast Auto Parts Ltd. R.S.NO.664/2 Waghawade Road Belgaum 5900014 Advocate – 4) Respondent - Poornima S. Bichu Address - Alucast Auto Parts Ltd. R.S.NO.664/2 Waghawade Road Belgaum 5900014 Advocate – 5) Respondent - Sudha G. Bachu Address - Alucast Auto Parts Ltd. R.S.NO.664/2 Waghawade Road Belgaum 5900014 Advocate – 6) Respondent - Samule Joseph Jebaraj Address - Alucast Auto Parts Ltd. R.S.NO.664/2 Waghawade Road Belgaum 5900014 Advocate – 7) Respondent - Vasanta Kulkarni Address - Alucast Auto Parts Ltd. R.S.NO.664/2 Waghawade Road Belgaum 5900014 Advocate – 8) Respondent - Anil Varma Address - Alucast Auto Parts Ltd. R.S.NO.664/2 Waghawade Road Belgaum 5900014 Advocate - |
|
|
|
ACTS |
||
|
Under Act(s) |
Civil Procedure codes |
|
|
Under Section(s) |
21 |
|
|
Subject |
||
|
|
||
|
LOWER COURT INFORMATION |
||
|
Court No & Name |
--- |
|
|
Case No & Year |
--- |
|
|
Case Decision Date |
--- |
|
|
History Of Case Hearing |
||||
|
Regn. No. |
Judge |
Bussiness on Date |
Hearing Date |
Purpose of Hearing |
|
200181/2014 |
3rd Jt.Civil Judge Sr.Dn. And ACJM Nagpur |
08-11-2014 |
Order on Exh |
|
|
200181/2014 |
3rd Jt.Civil Judge Sr.Dn. And ACJM Nagpur |
08-11-2014 |
29-11-2014 |
Awaiting Notice |
|
Writ Information |
|||
|
Regn. No. |
Appellate Case No. |
Appellate Authority |
Date of Receipt |
|
Case Transfer Details Between The Courts |
|||
|
Regn. No. |
Transfer Date |
From Court No |
To Court No |
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
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 |
C35410489 |
10239223 |
Edelweiss Asset Reconstruction Company Limited |
14/07/2010 |
28/03/2014 |
- |
97500000.0 |
Edelweiss House, Off. C.S.T Road,Kalina,MumbaiMH400098IN |
|
2 |
C35770866 |
10104591 |
Edelweiss Asset Reconstruction Company Limited |
09/06/2008 |
28/03/2014 |
- |
90000000.0 |
Edelweiss House, Off. C.S.T Road,Kalina,MumbaiMH400098IN |
|
3 |
C35410422 |
10115005 |
Edelweiss Asset Reconstruction Company Limited |
12/02/2008 |
28/03/2014 |
- |
285500000.0 |
Edelweiss House, Off. C.S.T Road,Kalina,MumbaiMH400098IN |
|
4 |
C35410307 |
10066621 |
Edelweiss Asset Reconstruction Company Limited |
10/08/2007 |
28/03/2014 |
- |
256500000.0 |
Edelweiss House, Off. C.S.T Road,Kalina,MumbaiMH400098IN |
|
5 |
C35410133 |
10058145 |
Edelweiss Asset Reconstruction Company Limited |
11/07/2007 |
28/03/2014 |
- |
90000000.0 |
Edelweiss House, Off. C.S.T Road,Kalina,MumbaiMH400098IN |
|
6 |
Y10300506 |
90198607 |
STATE BANK OF INDIA |
08/06/2005 |
- |
- |
7000000.0 |
COMMERCIAL BRANCH; HOLGAKAR BUILDINGOPP. MAHAVEER BHAVAN; GOAVES; HINDWADIBELGAUMKA590011IN |
|
7 |
Y10301728 |
90199829 |
STATE BANK OFINDIA |
08/06/2005 |
- |
- |
7000000.0 |
COMMERCIAL BRANC; HALGAKAR BUILDINGOPP. MAHAVEER BHAVAN; GOAVES; HINDWADIBELGAUMKA590011IN |
|
8 |
B31975220 |
80016062 |
STATE BANK OF INDIA |
17/12/1996 |
09/02/2012 |
- |
635400000.0 |
COMMERCIAL BRANCH,HALGEKAR BUILDING,OPP MAHAVEER BHAVAN GOAVES, HINDWADI,BELGAUMKA590011IN |
STATE OF COMPANIES
AFFAIR
The Company is in the business of manufacturing C I Casting and S G Casting. Due to global slowdown the Company has incurred loss of INR 2930.000 Million during the year. Board of Directors of the Company are working to find new opportunities in the market.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
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, India Prisons Service,
Interpol, etc.
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 66.36 |
|
UK Pound |
1 |
INR 92.51 |
|
Euro |
1 |
INR 81.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.