|
|
|
MIRA INFORM REPORT
|
Report No. : |
492250 |
|
Report Date : |
16.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
UNI DERITEND LIMITED |
|
|
|
|
Formerly Known
As : |
UNIFERRO INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
Liberty Building Sir Vithaldas Thackersey Marg, New Marine
Lines, Mumbai – 400020, Maharashtra |
|
Tel. No.: |
91-253-2802165 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
09.09.1977 |
|
|
|
|
Com. Reg. No.: |
11-019857 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 17.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27200MH1977PLC019857 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU0028K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of manufacturer of Iron and Steel
Casting, Aluminium Castings and Products thereof. (Registered activity) |
|
|
|
|
No. of Employees
: |
Information declined 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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of “Chemicals and Ferro Alloys
Private Limited” and was incorporated in the year 1977. The company has sound financial base market by decent capital
structure along with healthy networth base and low debt balance sheet. Rating takes into consideration strong managerial and financial
support received to the company from its holding entity, long experience of
the promoters in the investment-casting business, established market presence
along with reputed clientele and improvement in the revenue profile during
the year. However, rating strength is partially offset due to losses incurred by
the company from last 2 years of its business operations. Trade relations are reported as fair. Business is active. Payments are
slow but correct. 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
|
Rating Agency Name |
ICRA RATING |
|
Rating |
Long Term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
24.08.2017 |
|
Rating Agency Name |
ICRA RATING |
|
Rating |
Short Term Rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
24.08.2017 |
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 16.02.2018.
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.: 91-22-20256823 / 22066231 /
91-253-2802165]
Tel. No.: 91-22-66890112 Not Available.
LOCATIONS
|
Registered Office / Corporate Office : |
Liberty Building Sir Vithaldas Thackersey Marg, New Marine
Lines, Mumbai – 400020, Maharashtra, India |
|
Tel. No.: |
91-22-22056823/ 22066231/ 22066261 |
|
Fax No.: |
91-22-22082113 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Maneck Nagar
Plant 1 |
Maneck Nagar, Tumsar, District Bhandara – 441912, Maharashtra. India |
|
Tel. No.: |
91-7183-223-612/232186 |
|
Fax No.: |
91-7183-232-693 |
|
E-Mail : |
|
|
|
|
|
Nasik Plant 2 |
At and Post Village Shinde, Nasik – 422101, Maharashtra, India |
|
Tel. No.: |
91-253-280-2165/1444/1555/653-3572/329-7262 |
|
Fax No.: |
91-2532-801-455 |
|
E-Mail : |
|
|
|
|
|
Dharwad Plant 3 : |
Plot No. 582-A, Belur Industrial Area, Dharwad – 580011, Karnataka, India |
|
Tel. No.: |
91-836-2971308/1309 |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Jimmy Jehangir Parakh |
|
Designation : |
Director |
|
Address : |
Sterling Tower flat No. 502 Harishchandra Goregaonkar
Marg, Gamdevi, Mumbai – 400007, Maharashtra, India |
|
Date of Birth/Age : |
01.10.1949 |
|
Qualification : |
CA |
|
PAN No.: |
AAEPP2940C |
|
Date of Appointment : |
29.09.2016 |
|
DIN No.: |
00004945 |
|
|
|
|
Name : |
Mr. Shobhan Madhukant Thakore |
|
Designation : |
Director |
|
Address : |
Flat No. B-114, Floor 11, Plot 696B Somerset House, 61-G,
Off Bhulabhai Desai Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
03.07.1947 |
|
Qualification : |
Solicitor , LL.B.,B.A., |
|
PAN No.: |
AAAPT1967B |
|
Date of Appointment : |
12.12.2006 |
|
DIN No.: |
00031788 |
|
|
|
|
Name : |
Mr. Hanumanthu Ramakrishna Prasad |
|
Designation : |
Director |
|
Address : |
06/E Navroze Apartments, Opposite Mahalaxmi Mandir,
Bhulabai Desai Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
01.11.1934 |
|
Qualification : |
Graduate in Electrical Engineering from the university of Madras |
|
PAN No.: |
AAIPH6668M |
|
Date of Appointment : |
26.06.2001 |
|
DIN No.: |
00133853 |
|
|
|
|
Name : |
Mr. Mohan Krishna Fondekar |
|
Designation : |
Director |
|
Address : |
B-505 Silver Arch Off 1st Pokhran Road, Cadbury Factory,
Thane – 400606, Maharashtra, India |
|
Date of Birth/Age : |
23.03.1945 |
|
Qualification : |
BE (Metallurgy), MTech & IIT, Powai |
|
PAN No.: |
AAAPF7996A |
|
Date of Appointment : |
16.03.2017 |
|
DIN No.: |
01089689 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Chemicals & Ferro Alloys Private Limited, India |
|
1749982 |
|
Neterwala Dhunjishaw Feroze Jointly: Chemicals & Ferro Alloys Private Limited, India |
|
3 |
|
Neterwala Feroze Anosh* Jointly: Chemicals & Ferro Alloys Private Limited, India |
|
3 |
|
Maloo Rajendraprasad Tushar* Jointly: Chemcials & Ferro Alloys Private Limited, India |
|
3 |
|
Malkani Tarachand Aditya * Jointly: Chemicals & Ferro Alloys Private Limited |
|
3 |
|
Mehta Burjor Russy Jointly: Chemicals & Ferro Alloys Private Limited |
|
3 |
|
Fondekar Krishna Mohan Jointly:Chemicals & Ferro Alloys Private Limited, India |
|
3 |
|
|
|
|
|
Total |
|
1750000 |
Equity Share Break up (Percentage of Total Equity)
As on 20.12.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturer of Iron and Steel
Casting, Aluminium Castings and Products thereof. (Registered activity) |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Agencies Held : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Exports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Imports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
Indiabulls Finance Centre Tower, 27-32nd Floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai – 400013, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD4815A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate : |
UNI Klinger Limited U31909MH1983PLC029134 |
|
|
|
|
Holding Company : |
Chemicals and Ferro Alloys Private Limited U99999MH1961PTC012216 |
|
|
|
|
Subsidiary Company
: |
|
|
|
|
|
Joint Venture : |
Uni Vtl Precision Private Limited U29253MH2008PTC179766 |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
L74110MH1972PLC015950
U11201MH2000PTC129960
U74999MH2003PLC142228
U24246MH1946PTC005194
U74140MH2007PLC174969 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
8000000 |
Preference Shares |
INR 10/- each |
INR 80.000 Million |
|
|
Total |
|
INR 100.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1750000 |
Equity Shares |
INR 10/- each |
INR 17.500
Million |
|
|
|
|
|
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 |
17.500 |
78.500 |
17.500 |
|
(b) Reserves &
Surplus |
1596.368 |
1609.481 |
611.474 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
61.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
1613.868 |
1687.981 |
689.974 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
437.665 |
377.866 |
233.830 |
|
(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 |
19.678 |
23.834 |
19.381 |
|
Total Non-current Liabilities
(3) |
457.343 |
401.700 |
253.211 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
355.063 |
268.240 |
381.153 |
|
(b) Trade payables |
278.456 |
218.822 |
263.525 |
|
(c) Other current
liabilities |
133.421 |
126.137 |
189.524 |
|
(d) Short-term provisions |
13.312 |
13.532 |
12.394 |
|
Total Current Liabilities
(4) |
780.252 |
626.731 |
846.596 |
|
|
|
|
|
|
TOTAL |
2851.463 |
2716.412 |
1789.781 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1325.243 |
1272.470 |
293.384 |
|
(ii) Intangible Assets |
12.223 |
0.595 |
1.843 |
|
(iii) Capital
work-in-progress |
5.372 |
85.130 |
70.457 |
|
(iv) Intangible assets
under development |
1.740 |
12.178 |
11.843 |
|
(b) Non-current
Investments |
606.805 |
571.805 |
611.555 |
|
(c) Deferred tax assets
(net) |
76.207 |
66.984 |
51.366 |
|
(d) Long-term Loan and Advances |
23.234 |
20.394 |
19.111 |
|
(e) Other Non-current
assets |
1.623 |
1.742 |
3.766 |
|
Total Non-Current Assets |
2052.447 |
2031.298 |
1063.325 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
4.557 |
35.000 |
0.000 |
|
(b) Inventories |
257.526 |
249.378 |
305.857 |
|
(c) Trade receivables |
284.633 |
271.325 |
272.941 |
|
(d) Cash and cash
equivalents |
26.818 |
75.086 |
78.125 |
|
(e) Short-term loans and
advances |
210.501 |
45.887 |
46.503 |
|
(f) Other current assets |
14.981 |
8.438 |
23.030 |
|
Total Current Assets |
799.016 |
685.114 |
726.456 |
|
|
|
|
|
|
TOTAL |
2851.463 |
2716.412 |
1789.781 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1019.121 |
964.107 |
922.542 |
|
|
Other Income |
59.029 |
72.819 |
105.766 |
|
|
TOTAL |
1078.150 |
1036.926 |
1028.308 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
470.012 |
434.232 |
499.034 |
|
|
Purchases of
Stock-in-Trade |
11.712 |
14.197 |
7.102 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(23.979) |
40.764 |
(24.750) |
|
|
Employees benefits
expense |
173.182 |
151.766 |
153.785 |
|
|
Other expenses |
342.689 |
318.516 |
325.821 |
|
|
TOTAL |
973.616 |
959.475 |
960.992 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
104.534 |
77.451 |
67.316 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
79.884 |
70.126 |
76.555 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
24.650 |
7.325 |
(9.239) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
49.130 |
38.988 |
50.007 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(24.480) |
(31.663) |
(59.246) |
|
|
|
|
|
|
|
Less |
TAX |
(9.223) |
(15.618) |
(15.896) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(15.257) |
(16.045) |
(43.350) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(8.72) |
(9.17) |
(24.77) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
87.518 |
152.259 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
(89.701) |
48.794 |
(2.913) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
101.94 |
102.72 |
107.99 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.58 |
3.55 |
3.38 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
210.98 |
178.11 |
190.04 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.41 |
0.31 |
0.22 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.08 |
0.06 |
0.18 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.43 |
0.37 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.49 |
0.38 |
0.89 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.48 |
0.37 |
1.23 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.83 |
0.81 |
0.55 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.31 |
1.10 |
0.88 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(1.50) |
(1.66) |
(4.70) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(0.54) |
(0.59) |
(2.42) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(0.95) |
(0.95) |
(6.28) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.02 |
1.09 |
0.86 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.69 |
0.70 |
0.50 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.57 |
0.62 |
0.39 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
45.30 |
8.23 |
35.14 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.02 |
1.09 |
0.86 |
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 |
17.500 |
78.500 |
17.500 |
|
Reserves & Surplus |
611.474 |
1609.481 |
1596.368 |
|
Net worth |
628.974 |
1687.981 |
1613.868 |
|
|
|
|
|
|
long-term borrowings |
233.830 |
377.866 |
437.665 |
|
Short term borrowings |
381.153 |
268.240 |
355.063 |
|
Total borrowings |
614.983 |
646.106 |
792.728 |
|
Debt/Equity ratio |
0.978 |
0.383 |
0.491 |
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 |
922.542 |
964.107 |
1019.121 |
|
|
|
4.505 |
5.706 |
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 |
922.542 |
964.107 |
1019.121 |
|
Profit |
(43.350) |
(16.045) |
(15.257) |
|
|
(4.70%) |
(1.66%) |
(1.50%) |
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 |
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 |
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 |
OPERATIONS:
During the year 2016-17, the company has focused on improvising the operational efficiencies which has resulted in better yield, reduced rejection level and reduced purchase cost.
The company has filled the gaps in management positions, which will help for long term growth of the organization. As a measure of improving business process and cost effectiveness, the company has shifted Central Administrative Office from Mumbai to Nashik. This will give a competitive edge in the market.
The market demand after GST and implementation of new emission norms - “BS –IV” has been encouraging from commercial vehicle and two wheeler industry. The exports market is also improving. The faster development and supply of products have helped the company to increase its market share.
The company has increased the machining capacities in 2016-17 by taking over the additional machining set ups which have increased in house machining capacities enabling quicker deliveries. We are planning further additions of 5 machines in the current year to execute the new orders. We are hopeful for growth in sales in the coming future due to all these measures.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term Borrowings |
|
|
|
Deferred payment indian sources |
53.093 |
71.729 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Other loans and advances |
0.000 |
35.000 |
|
|
|
|
|
Total |
53.093 |
106.729 |
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G24135287 |
100021437 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
26/02/2016 |
28/09/2016 |
- |
300000000.0 |
ONE FORBES,DR. V. B. GANDHI MARG, FORTMUMBAIMH400001IN |
|
2 |
C75909622 |
10613242 |
The Zoroastrian Co-operative Bank Limited |
23/12/2015 |
- |
- |
1650000.0 |
Nargis Building, Ground Floor, Eduljee Road,Charai, Thane WestMumbaiMH400601IN |
|
3 |
G45403474 |
10296787 |
Axis Bank Limited |
22/06/2011 |
17/04/2017 |
- |
540000000.0 |
12 MITTAL TOWER, 1ST FLOOR, A- WINGNARIMAN POINTMUMBAIMH400021IN |
|
4 |
G35560630 |
90219861 |
Axis Bank Limited |
17/02/2004 |
02/02/2017 |
- |
605000000.0 |
12, MITTAL TOWER, 1ST FLOOR, A- WING,NARIMAN POINT,MUMBAIMH400021IN |
|
5 |
G40151086 |
90241096 |
Axis Bank Limited |
17/02/2004 |
29/03/2017 |
- |
540000000.0 |
12, MITTAL TOWER, 1ST FLOOR, A- WING,NARIMAN POINT,MUMBAIMH400021IN |
|
6 |
G62102850 |
100017083 |
The Zoroastrian Co-operative Bank Limited |
31/03/2016 |
- |
21/10/2017 |
60000000.0 |
THANE BRANCH, AGIARY COMPOUND, AGIARY LANE,TEMBI NAKA, THANE (WEST), THANE,THANEMH400601IN |
|
7 |
G07046006 |
10291414 |
THE ZOROASTRIAN CO-OPERATIVE BANK LIMITED |
29/04/2011 |
- |
04/07/2016 |
5000000.0 |
NARGIS BUILDING, GROUND FLOOR,EDULJEE ROAD, CHARAI, THANE (WEST)MUMBAIMH400601IN |
|
8 |
G07047889 |
10284615 |
THE ZOROASTRIAN CO-OPERATIVE BANK LIMITED |
10/03/2011 |
- |
04/07/2016 |
1700000.0 |
NARGIS BUILDING, GROUND FLOOR,EDULJEE ROAD, CHARAI, THANE (WEST)MUMBAIMH400601IN |
|
9 |
G00849901 |
10563821 |
The Zoroastrian Co-operative Bank Limited |
30/03/2015 |
- |
30/03/2016 |
70000000.0 |
NIRLON HOUSE, 5TH FLOOR,DR. ANNIE BESANT ROAD, WORLIMUMBAIMH400030IN |
|
10 |
G00836072 |
10297668 |
THE ZOROASTRIAN CO-OPERATIVE BANK LIMITED |
28/06/2011 |
04/02/2013 |
30/03/2016 |
85000000.0 |
THANE BRANCH, AGIARY COMPOUND, AGIARY LANE,TEMBI NAKA, THANE (WEST)THANEMH400601IN |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Factory equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipment
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 63.92 |
|
|
1 |
INR 89.55 |
|
Euro |
1 |
INR 79.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.