|
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|
MIRA INFORM REPORT
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Report No. : |
489801 |
|
Report Date : |
07.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
PROTOS ENGINEERING COMPANY PRIVATE LIMITED
|
|
|
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|
Registered
Office : |
Thakur Niwas Co-operative Housing Society Limited, Ground Floor, 173,
Jamshedji Tata Road, Churchgate, Mumbai – 400020, Maharashtra |
|
Tel. No.: |
91-22-66287000 |
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|
|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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|
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Date of Incorporation
: |
28.06.1949 |
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|
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Com. Reg. No.: |
11-007221 |
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Capital
Investment / Paid-up Capital : |
INR 2.961 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29220MH1949PTC007221 |
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|
|
|
IEC No.: |
Not Divulged |
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GSTIN No.: |
Not Divulged |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACP6443R |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in the business of
trading, providing consultancy services related to such products and
providing engineering services to principals. (Registered activity) |
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|
|
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No. of Employees
: |
Information denied by the management |
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 |
|
Status : |
Good |
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|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1949. For the financial year 2017, the company has achieved revenue growth of
1.60% as compared to the previous year along with a decent profit margin of
22.41%. The sound financial risk profile of the company is marked by adequate
netwoth base along with low debt balance sheet profile Rating takes into account the subject’s long established track record
of business operations along with extensive experience of its promoters. Payments seems to be usually correct. In view of aforesaid, the company 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 DENIED
MANAGEMENT NON-COOPERATIVE (Tel No.: 91-22-66287000)
Note: Given Number [91-22-22028134] – Not Working.
LOCATIONS
|
Registered Office : |
Thakur Niwas Co-operative Housing Society Limited, Ground Floor, 173 Jamshedji
Tata Road, Churchgate, Mumbai – 400020, Maharashtra, India |
|
Tel. No.: |
91-22-66287000 / 22026848 /
22020365 / 22027286 /
22020263 |
|
Fax No.: |
91-22-66287098 / 22021716 /
22028199 |
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E-Mail : |
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Website : |
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|
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Branch Office 1 : |
610, 6th Floor, Ansal Bhawan, Kasturba Gandhi Marg, New Delhi - 110 001, India |
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Tel. No.: |
91-11-23752745 / 43007696 |
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Fax No.: |
91-11-23752747 |
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E-Mail : |
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|
|
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Branch Office 2: |
7 Patullos Road, Mount Road, P.O. Box No. 375, Chennai - 600 002, Tamilnadu, India |
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Tel. No.: |
91-44-28460711 |
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Fax No.: |
91-44-28460110 |
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E-Mail : |
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|
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Branch Office 3 : |
Everest Building, 12th. Floor, Block A-2, 46C Jawaharlal Nehru Road, Kolkata- 700071, West Bengal, India |
|
Tel. No.: |
91-33-22885312 / 22885313 |
|
Fax No.: |
91-33-22885311 |
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E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Aditya Premal Kapadia |
|
Designation : |
Managing Director |
|
Address : |
6, Haveli, 19, L. D. Ruparel Marg, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
14.10.1973 |
|
Date of Appointment : |
18.10.2000 |
|
DIN No. : |
00087520 |
|
|
|
|
|
|
|
Name : |
Mr. Nanak Gunendra Sheth |
|
Designation : |
Director |
|
Address : |
D-2 A/4, Vasant Vihar, Paschimi Marg, |
|
Date of Birth/Age : |
05.07.1941 |
|
Date of Appointment : |
01.11.2011 |
|
DIN No. : |
00034057 |
|
Election Commission Identity Card No.:
|
DL02010252570 |
|
|
|
|
Name : |
Mr. Utsav Rasiklal Kapadia |
|
Designation : |
Director |
|
Address : |
Flat No. 131, Mehr-Naz 13th Floor, Cuffe Parade
Reclamation, Colaba, Mumbai – 400 005, Maharashtra, India |
|
Date of Birth/Age : |
06.03.1952 |
|
Date of Appointment : |
29.04.1998 |
|
DIN No. : |
00034154 |
|
Election Commission Identity Card No.:
|
MT04019051972 |
|
|
|
|
Name : |
Mr. Premal Narendra Kapadia |
|
Designation : |
Director |
|
Address : |
Flat No. 6, Haveli, 19 L D Ruparel Marg, Mumbai – 400 006,
Maharashtra, India |
|
Date of Birth/Age : |
05.06.1949 |
|
Date of Appointment : |
30.06.1999 |
|
DIN No. : |
00042090 |
|
Election Commission Identity Card No.:
|
MT04024096081 |
|
|
|
|
Name : |
Mr. Vinod Jamnadas Mehta |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No. 20-A, 4th Floor, Thakur Niwas, Co-Operative
Housing Society, 173, |
|
Date of Birth/Age : |
11.04.1932 |
|
Date of Appointment : |
29.01.2008 |
|
DIN No. : |
00087505 |
|
Election Commission Identity Card No.:
|
MT04024102891 |
|
|
|
|
Name : |
Mr. Shishir Kisonlal Diwanji |
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Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
23.10.1939 |
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Date of Appointment : |
03.07.1987 |
|
DIN No. : |
00087529 |
|
Election Commission Identity Card No.:
|
MT04024042548 |
|
|
|
|
Name : |
Mr. Jaya Rama Shamby Mally |
|
Designation : |
Director |
|
Address : |
3/62, Parag Society, C-9 Roop Nagar, Bandra (East), Mumbai – 400 051, |
|
Date of Birth/Age : |
05.06.1948 |
|
Date of Appointment : |
01.04.2006 |
|
DIN No. : |
00199463 |
|
Election Commission Identity Card No.:
|
MT08037163040 |
|
|
|
|
Name : |
Mr. Madhav Premal Kapadia |
|
Designation : |
Director |
|
Address : |
168 Sixth Avenue, 05-14 Sixth Ave Residences, Singapore, 276543, Singapore |
|
Date of Birth/Age : |
29.09.1978 |
|
Date of Appointment : |
30.12.2013 |
|
DIN No. : |
06613968 |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Utsav Rasiklal Kapadia |
|
2818 |
|
Utsav Rasiklal Kapadia Jointly with S.R. Kapadia |
|
524 |
|
Utsav Rasiklal Kapadia Jointly with
Sushila Kapadia |
|
195 |
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Anandi Ramesh Vangal Jointly with Utsav Kapadia |
|
192 |
|
Harshadray Private Limited, |
|
13514 |
|
Premal Narendra Kapadia |
|
2879 |
|
Rekha Harkishan Kapadia Jointly with Nini Kothari |
|
4295 |
|
Nirmala Harkishan Kapadia |
|
1334 |
|
Devika Chandrakant Shah |
|
394 |
|
Silloo Dadi Engineer Jointly with Dadi Engineer |
|
24 |
|
Nini Yogesh Kothari Jointly with Rekha Kapadia |
|
723 |
|
Shefali Narendra Kapadia |
|
1358 |
|
Bharat Ajay Kapadia |
|
1358 |
|
Total |
|
29608 |
AS ON 29.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
21.67 |
|
Public/Other than promoters - [Individual/Hindu Undivided Family – Indian] |
32.69 |
|
Public/Other than promoters -[Bodies corporate] |
45.64 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of
trading, providing consultancy services related to such products and providing
engineering services to principals. (Registered activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
NOTE: LONG-TERM
BORROWINGS i) Term Loan is
secured as under:- By equitable mortgage by deposit of title deed of Residential bearing
unit no. 6B, Rashmi Co-Operative Housing Society Limied, Mumbai. Loan is repayable
in 60 monthly installments commencing from April 2014. The loan caries
interest between 11.75% to 12.05% p.a. (Previous year 1.05% to 12.60% p.a.) ii) Vehicle loan is secured by hypothecation of the vehicles under the
purchase agreement. The loan is repayable in 35 equated monthly installments
and carry interest rate @9% to 11% p.a. (Previous year 10.43% p.a). SHORT-TERM
BORROWINGS i) Loan is
secured as under:- (a) First and exclusive charge by way of hypothecation of current
assets and movable assets including movable.
Fixed assets present and future of the company. (b) equitable/registered mortgage of residential premises bearing unit
20A and unit 7, at Thakur Niwas Co-operative Housing Society Limited, Mumbai. ii) Rate of Interest is 11.00% p.a. with effect from 1st
September 2016 (Previous Year 11.75% p.a.) |
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
Tower 3, 27th -32nd Floor, Indiabulls, Finance Centre,
Senapati Bapat Marg, Elphinstone (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-61854000 |
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Fax No.: |
91-22-61854501 / 4601 |
|
PAN No.: |
AACFD4815A |
|
|
|
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Memberships : |
Not Available |
|
|
|
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Collaborators : |
Not Available |
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Associates : |
|
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Other related parties : |
|
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29608 |
Equity Shares |
INR 100/- each |
INR 2.961 Million |
|
470392 |
Unclassified shares |
INR 100/- each |
INR 47.039 Million |
|
|
Total |
|
INR 50.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29608 |
Equity Shares |
INR 100/- each |
INR 2.961 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
2.961 |
2.961 |
2.961 |
|
(b) Reserves &
Surplus |
298.240 |
263.545 |
261.803 |
|
(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) |
301.201 |
266.506 |
264.764 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
4.644 |
10.569 |
13.385 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
4.837 |
5.558 |
2.377 |
|
(d) long-term provisions |
5.071 |
4.372 |
5.365 |
|
Total Non-current
Liabilities (3) |
14.552 |
20.499 |
21.127 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
67.819 |
60.005 |
32.727 |
|
(b) Trade payables |
32.531 |
30.759 |
17.492 |
|
(c) Other current
liabilities |
25.548 |
26.860 |
8.649 |
|
(d) Short-term provisions |
1.671 |
1.219 |
3.844 |
|
Total Current Liabilities
(4) |
127.569 |
118.843 |
62.712 |
|
|
|
|
|
|
TOTAL |
443.322 |
405.848 |
348.603 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
101.158 |
83.584 |
80.489 |
|
(ii) Intangible Assets |
0.519 |
1.165 |
1.599 |
|
(iii) Capital
work-in-progress |
14.440 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
178.917 |
148.431 |
95.556 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
11.355 |
46.673 |
43.388 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
306.389 |
279.853 |
221.032 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
11.382 |
7.485 |
30.414 |
|
(b) Inventories |
24.092 |
33.429 |
20.401 |
|
(c) Trade receivables |
88.992 |
72.935 |
64.353 |
|
(d) Cash and cash
equivalents |
3.855 |
6.643 |
5.402 |
|
(e) Short-term loans and
advances |
8.612 |
5.503 |
7.001 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
136.933 |
125.995 |
127.571 |
|
|
|
|
|
|
TOTAL |
443.322 |
405.848 |
348.603 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
154.830 |
152.377 |
84.847 |
|
|
Other Income |
71.192 |
47.614 |
38.161 |
|
|
TOTAL |
226.022 |
199.991 |
123.008 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
68.225 |
75.241 |
23.297 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(4.047) |
0.357 |
(8.589) |
|
|
Employees benefits
expense |
55.988 |
53.877 |
55.809 |
|
|
Other expenses |
47.721 |
49.609 |
79.871 |
|
|
TOTAL |
167.887 |
179.084 |
150.388 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
58.135 |
20.907 |
(27.380) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
9.474 |
6.631 |
4.889 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
48.661 |
14.276 |
(32.269) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
13.966 |
12.533 |
13.881 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
34.695 |
1.743 |
(46.150) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
34.695 |
1.743 |
(46.150) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
125.213 |
123.470 |
169.62 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
159.908 |
125.213 |
123.470 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Sale
of Service - Commission Income |
42.865 |
41.467 |
46.581 |
|
|
Other
operating revenue |
11.676 |
7.069 |
4.835 |
|
|
TOTAL EARNINGS |
54.541 |
48.536 |
51.416 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Purchases
of Traded Goods |
48.726 |
62.647 |
17.052 |
|
|
TOTAL IMPORTS |
48.726 |
62.647 |
17.052 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1171.81 |
58.85 |
(1558.69) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current
Maturities of Long term debt |
|
|
|
|
From Banks |
5.004 |
5.004 |
5.004 |
|
From Others |
2.903 |
0.543 |
0.000 |
|
Total |
7.907 |
5.547 |
5.004 |
|
Cash used in operations |
0.699 |
(0.992) |
(24.441) |
|
Net cash flow from operating activities |
(14.801) |
(9.343) |
(25.733) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
209.79 |
174.71 |
276.84 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
1.74 |
2.09 |
1.32 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
174.04 |
149.21 |
274.05 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
2.41 |
0.63 |
-1.34 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.50 |
0.25 |
-0.33 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.32 |
0.33 |
0.23 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.27 |
0.29 |
0.19 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.42 |
0.45 |
0.24 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.39 |
0.32 |
0.31 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
6.14 |
3.15 |
-5.60 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
22.41 |
1.14 |
(54.39) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
7.83 |
0.43 |
(13.24) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
11.52 |
0.65 |
(17.43) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.07 |
1.06 |
2.03 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.88 |
0.78 |
1.71 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.68 |
0.66 |
0.76 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
27.14 |
25.71 |
17.26 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.07 |
1.06 |
2.03 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
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 |
2.961 |
2.961 |
2.961 |
|
Reserves & Surplus |
261.803 |
263.545 |
298.240 |
|
Net
worth |
264.764 |
266.506 |
301.201 |
|
|
|
|
|
|
Long Term borrowings |
13.385 |
10.569 |
4.644 |
|
Short Term borrowings |
32.727 |
60.005 |
67.819 |
|
Current Maturities of Long term debt |
5.004 |
5.547 |
7.907 |
|
Total
borrowings |
51.116 |
76.121 |
80.370 |
|
Debt/Equity
ratio |
0.193 |
0.286 |
0.267 |
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
|
84.847 |
152.377 |
154.830 |
|
|
|
79.590 |
1.610 |
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
|
84.847 |
152.377 |
154.830 |
|
Profit/ (Loss) |
(46.150) |
1.743 |
34.695 |
|
|
(54.39%) |
1.14% |
22.41% |
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 |
Yes |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
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 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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE
INFORMATION
Subject is a private limited company incorporated under the provisions
of the Companies Act, 1956. The company
is engaged in the business of trading, providing consultancy services related
to such products and providing engineering services to principals.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
SHORT-TERM
BORROWINGS |
|
|
|
Harshadray Private Limited [Rate of interest is @ 12% p.a.] |
4.178 |
0.273 |
|
Managing Director: Aditya Kapadia [Interest Free] |
1.389 |
0.000 |
|
Total |
5.567 |
0.273 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G04378972 |
10450094 |
KOTAK MAHINDRA BANK LIMITED |
17/09/2013 |
09/03/2016 |
- |
73500000.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI – 400051, MAHARASHTRA, INDIA |
|
2 |
G49964653 |
10276490 |
HDFC BANK LIMITED |
05/02/2011 |
20/06/2017 |
- |
40400000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA |
|
4 |
B81092801 |
10308073 |
BANK OF BARODA |
15/04/2010 |
- |
09/07/2013 |
25000000.0 |
BACKBAY RECLAMATION BRANCH, BACKBAY RECLAMATION, RAM MAHAL, 8, DINSHAW VACHHA ROAD, MUMBAI – 400020, MAHARASHTRA, INDIA |
|
5 |
B81087025 |
10139335 |
BANK OF BARODA |
19/01/2009 |
- |
09/07/2013 |
5000000.0 |
BACKBAY RECLAMATION BRANCH, MUMBAI – 400020, MAHARASHTRA, INDIA |
|
6 |
B81210023 |
10325714 |
BANK OF BARODA |
08/12/2011 |
- |
09/07/2013 |
5000000.0 |
BACKBAY RECLAMANATION BRANCH, RAM MAHAL, CHURCHGATE, MUMBAI – 400020, MAHARASHTRA, INDIA |
|
7 |
B81063067 |
80003104 |
BANK OF BARODA |
23/07/1996 |
25/08/2008 |
09/07/2013 |
17500000.0 |
BACKBAY RECLAMATION BRANCH, RAM MAHAL, BACKBAY RECLAMATION, MUMBAI – 400020, MAHARASHTRA, INDIA |
|
8 |
B81056855 |
10222236 |
BANK OF BARODA |
15/04/2010 |
- |
09/07/2013 |
25000000.0 |
BACKBAY RECLAMATION BRANCH, BACKBAY RECLAMATION,RAM MAHAL, 8, DINSHAW VACHHA ROAD, MUMBAI – 400020, MAHARASHTRA, INDIA |
|
3 |
G47491634 |
10450797 |
KOTAK MAHINDRA BANK LIMITED |
17/09/2013 |
- |
22/06/2017 |
40000000.0 |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI – 400021, MAHARASHTRA, INDIA |
|
9 |
A35087147 |
80043593 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
22/09/2003 |
- |
28/03/2008 |
24000000.0 |
RAMON HOUSE, BACKBAY RECLAMATION, CHURCHGATE, MUMBAI – 400020, MAHARASHTRA, INDIA |
|
10 |
A35087360 |
80043594 |
HOUSING DEVELOPMENT FINACE COMPANY LIMITED |
30/03/2001 |
- |
28/03/2008 |
20000000.0 |
RAMON HOUSE, CHURCHGATE, MUMBAI – 400020, MAHARASHTRA, INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against the company not acknowledge as debt : |
|
|
|
Income tax demand |
3.555 |
3.555 |
FIXED ASSETS:
- Freehold Land
- Buildings
- Office Equipments
- Furniture and Fittings
- Computers
- Vehicles
- Plant and Machinery
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 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
|
INR |
|
US Dollar |
1 |
INR 64.27 |
|
|
1 |
INR 79.52 |
|
Euro |
1 |
INR 89.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
GEET |
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.