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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

490097

Report Date :

07.02.2018

 

 

IDENTIFICATION DETAILS

 

Name :

NATIONAL HEAVY ENGINEERING CO-OPERATIVE LIMITED

 

 

Registered Office :

17, Mahatma Gandhi Road, Pune – 411001, Maharashtra

Tel. No.:

91-20-26131910/ 11/ 12/ 13

 

 

Country :

India 

 

 

Financials (as on) :

Not Available

 

 

Date of Establishment :

27.05.1974

 

 

Capital Investment / Paid-up Capital :

Not Divulged

 

 

IEC No.:

3199001416

 

 

TIN No.:

27480002206

 

 

GST No.:

27AAACN6315L1ZC

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACN6315L

 

 

Legal Form :

Co-operative Society

 

 

Line of Business :

Manufacturer, Exporter Supplier and Trader of Sugar Processing Machinery and Commissioning Turnkey Sugar Plants, Sugar Refineries, etc. and also Providing Related Services. (From Indirect Source)

 

 

No. of Employees :

Information declined by the management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was established in the year 1974, is a Pune based society engaged in undertaking turnkey projects for setting up sugar plants. It manufacturers machinery and equipment used in sugar plants.

 

Further the subject is promoted by National Co-operative Development Corporation, (GOI) and supported by National Federation of Co-operative sugar factories.

 

The subject is highly dependent on tender-based contracts, which are subject to competitive bidding.

 

Rating takes into consideration, its long and established track record of its business operation supported by government and society’s experienced management in the business.

 

However, these rating strengths gets partially offset by exposure to project concentration risk and delay in implementation of projects which exerts pressure on the society’s business risk profile.

 

Payment seems to be usually correct.

 

In view of aforesaid, the society can be considered for business dealings at usual trade terms and conditions. 

 

NOTES:

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

EXTERNAL AGENCY RATING

 

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 07.02.2018

 

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 DECLINED BY

 

Name :

Mr. Arun Madyalkar 

Designation :

Not Divulged

Contact No.:

91-9011075408

Date :

04.02.2018

 

 

LOCATIONS

 

Registered/ Head Office :

17, Mahatma Gandhi Road,  Pune – 411001, Maharashtra, India

Tel. No.:

91-20-26131910/ 11/ 12/ 13

Mobile No.:

91-9011075408 (Mr. Arun Madalkar)

Fax No.:

91-20-26134920

E-Mail :

md@nhecl.com

info@nhecl.com 

akmodak@nhecl.com

 

 

Factory and Export Division :

Pune - Mumbai Highway, Talegaon Dabhade, Pune – 410506, Maharashtra India

Tel. No.:

91-2114-222261/ 2/ 3/

Fax No.:

91-2114-222762

E-Mail :

sales_export@nhecl.com

 

 

Regional Office :

3, Siri Institutional Area, NCUI Building, 5th Floor, Hauz Khas, New Delhi – 110016, India

Tel. No.:

91-11-26967136/ 26962989

Fax No.:

91-11-26851538

 

 

MEMBERS

 

Name :

Mr. Shivajirao G Patil

Designation :

Chairman

 

 

Name :

Mr. Murali Krishna

Designation :

Managing Director

 

 

Name :

Mr. Anil Babar 

Designation :

Member

Address:

Shree Bunglow, Opp. Ramabai Ranade, English School Vita. Taluka Khanapur 
Sangli-416416, Maharashtra, India

 

 

Name :

Mr. Shivajirao Patil

Designation :

Member

Address:

201, Rock Cliff, Opposite Joggers Park , Carter Road, Bandra (West), 
Mumbai - 400050, Maharashtra, India

 

 

Name :

Mr. Narsingrao Gurunath Patil

Designation :

Member

Address:

Gurukunj, 1st Cross, Major Ramaswam, Marata Colony, Belgaum, Karnataka,  India

 

 

Name :

Mr. Ashok Amagouda Patil

Designation :

Member

Address:

At & Post-Bhoj, Tal. Chikodi, District Belgaum, Karnataka, India

 

 

Name :

Mr. Shivajirao Giridhar Patil

Designation :

Member

Address:

3rd Floor, Rock Cliff, Opp. Otters Road, Bandra (West), Bombay, Maharashtra, India

 

 

Name :

Mr. Vishwanath Shamrao Patil

Designation :

Member

Address:

Vijay Bungalow, Vasant Colony, Mark, Sangli-416416, Maharashtra, India

 

 

Name :

Mr. Balasaheb Bhausaheb Thorat

Designation :

Member

Address:

Sant Sauli, At & Post Jorve, Taluka Dist: Ahmednagar, Gujarat, India

 

 

Name :

Mr. Madhukarrao Devrao Chavan 

Designation :

Member

Address:

At & Post Andur, Tal: Tulzapur., Dist.: Osmanabad, Maharashtra, India

 

 

Name :

Mr. Jayantilal Bavjibhai Patel

Designation :

Member

Address:

At & Post Adada, Via-Navsari, Taluka, District Navsari, Gujarat, India

 

 

Name :

Mr. Abdul Gani Ibrahim Faras 

Designation :

Member

Address:

Dharti, Plot No.65, Unique Park, Kolhapur 416003, Maharashtra, India

 

 

Name :

Mr. Subhash Shridhar Joshi

Designation :

Member

Address:

1877, Joshi Galli, Nipani District Belgaum, Karnataka, India

 

 

Name :

Mr. Ganapati Balu Ghorpade 

Designation :

Member

Address:

4, Natraj, Opp. Bhagawati, Municipal Hospital, S.V.P. Road, Mumbai - 400103 , Maharashtra, India

 

 

Name :

Mr. Balasaheb Ramchandra Patil

Designation :

Member

Address:

Bungalow No.13, Runanubandh Hsg. So, Road, Near Kotbagi Hospital, Aundh, Maharashtra, India

           

 

KEY EXECUTIVES

 

Name :

Mr. N. N. Naikwadi

Designation :

Sr. Manager (Project)

 

 

Name :

Mr. Y. A. Shaikh

Designation :

Manager (Sales)

 

 

Name :

Mr. Vijay Manudkar

Designation :

Dy. Manager (Sales)

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

NOT AVAILABLE

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Exporter Supplier and Trader of Sugar Processing Machinery and Commissioning Turnkey Sugar Plants, Sugar Refineries, etc. and also Providing Related Services. (From Indirect Source)

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Not Divulged

 

 

Purchasing :

Not Divulged

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

Customers :

Reference:

Not Divulged

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Bank Name:

Punjab National Bank

Branch:

Not Divulged

Person Name (with Designation):

--

Contact Number:

--

Name of Account Holder:

--

Account Number:

--

Account Since (Date/ Year of A/c Opening):

--

Average Balance Maintained (Optional):

--

Credit Facilities Enjoyed (CC/OD/Term Loan):

--

Account Operation:

--

Remarks:

--

 

Auditors :

Not Divulged

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

NOT DIVULGED

 

FINANCIAL DATA

[all figures are in INR Million]

 

NOT DIVULGED

 

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

No

10

Date of Birth of Proprietor / Partners / Directors

No

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)

No

16

No. of employees

No

17

Details of sister concerns

No

18

Major suppliers

No

19

Major customers

No

20

Banking Details

No

21

Banking facility details

No

22

Conduct of the banking account

--

23

Financials, if provided

No

24

Capital in the business

No

25

Last accounts filed at ROC, if applicable

No

26

Turnover of firm for last two years

No

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last two years

No

30

Major shareholders, if available

No

31

External Agency Rating, if available

No

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

 

 

 

 

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 records 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

INR 64.27

UK Pound

1

INR 89.72

Euro

1

INR 79.52

 

 

INFORMATION DETAILS

 

Information Gathered by :

KAM

 

 

Analysis Done by :

NIS

 

 

Report Prepared by :

RUP

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--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

NO

--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)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.