|
|
|
%20PRIVATE%20LIMITED%20-%20494904_MIRA%2028-Feb-2018_files/image002.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20494904_MIRA%2028-Feb-2018_files/image004.jpg)
%20PRIVATE%20LIMITED%20-%20494904_MIRA%2028-Feb-2018_files/image006.gif)
MIRA INFORM REPORT
|
Report No. : |
494904 |
|
Report Date : |
28.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
VEM TOOLING (INDIA) PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
VIVID ELITE MOULDS (PRIVATE) LIMITED |
|
|
|
|
Registered
Office : |
Shed No. 3, Gat No. 125, Hissa No. B, A/P- Village Mouje Kadamwakwasti (Lonikalbhor), Haveli, Pune – 412201, Maharashtra |
|
Mob. No.: |
91-7410054728 [Mr. Deepak Kirdat] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
18.01.2016 |
|
|
|
|
Com. Reg. No.: |
11-157980 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 37.546 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25203PN2016PTC157980 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TIN No.: |
27961421828 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCV3362G |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAFCV3362G2Z8 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged into the business of manufacturing, exporting,
importing and supplying of all plastic molds, tools, parts and components,
designing services and business support services. (Registered activity and
also Confirmed by management) |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is relatively new company incorporated in January 2016 and it
is having moderate track records. It is a wholly owned subsidiary of “VEM Thailand Co Limited”. For the financial year 2017, the company has reported modest scale of
revenue from operation and incurred losses. Rating takes into consideration moderate financial risk profile of the
company marked by negative reserve position. Further, rating constrained on account of short track records of
business operations and low cash balances. Further, rating weakness is partially offset by support received to
the company from its holding entity. Trade relations are reported as fair. Payments are reported to be slow
but correct. In view of aforesaid, the company can be considered for business
dealings with some caution. |
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 28.02.2018.
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 PARTED BY
|
Name : |
Mr. Deepak Kirdat |
|
Designation : |
Office Executive |
|
Contact No.: |
91-7410054728 |
|
Date : |
26.02.2018 |
LOCATIONS
|
Registered Office/Factory : |
Shed No. 3, Gat No. 125, Hissa No. B, A/P- Village Mouje Kadamwakwasti (Lonikalbhor), Haveli, Pune – 412201, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-7410054728 [Mr. Deepak Kirdat] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
15000 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
As on 31.03.2017
|
Name : |
Gopal Laxminarayanji Kabra |
|
Designation : |
Director |
|
Address : |
A2B, Poonam Heights E.S.I. Stop, Bibvewadi, Pune – 411037, Maharashtra, India |
|
Date of Appointment : |
18.01.2016 |
|
DIN No.: |
07281762 |
|
|
|
|
Name : |
Marc Christopher Weinmann |
|
Designation : |
Director |
|
Address : |
64/205, Moo. 4. T. Pluakdaeng. A. Pluakdaeng, Rayong Pluakdaeng 21140 Th |
|
Date of Appointment : |
04.04.2017 |
|
DIN No.: |
07365743 |
|
|
|
|
Name : |
Vinay Mohan Sawkar |
|
Designation : |
Director |
|
Address : |
Flat 302/ A Wing, Aishwarayam Melody, Ravet, Pune – 411044, Maharashtra, India |
|
Date of Appointment : |
26.08.2016 |
|
DIN No.: |
07598751 |
|
|
|
|
Name : |
Manish Kelvekar Mohan |
|
Designation : |
Additional Director |
|
Address : |
Flat No. 10, Orchid Suvidha Apartment Opposite St. Ursulla High School, Akurdi, Pune – 411035, Maharashtra, India |
|
Date of Birth/Age : |
13.07.1973 |
|
Date of Appointment : |
09.02.2018 |
|
DIN No.: |
08067128 |
KEY EXECUTIVES
|
Name : |
Mr. Deepak Kirdat |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Gopal Laxminarayanji Kabra |
|
700 |
|
Vem (Thailand) Company Limited, Thailand |
|
3753877 |
|
|
|
|
|
Total |
|
3754577 |
Equity Share Break up (Percentage of Total Equity)
As on 30.11.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
0.02 |
|
Promoter - Bodies
corporate |
99.98 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20494904_MIRA%2028-Feb-2018_files/image008.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into the business of manufacturing, exporting,
importing and supplying of all plastic molds, tools, parts and components,
designing services and business support services. (Registered activity and
also Confirmed by management) |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Molds |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Machinery |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Advance Payment, Cheque and Credit, NEFT |
|
|
|
|
Purchasing : |
Advance Payment, Cheque and Credit, NEFT |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Manufacturer
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
40 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Pratiksha Malpani and associates Chartered Accountants |
|
Address : |
C002, Simran Corner Society, Pimple Saudagar, Pune – 411027,
Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AMCPB4286B |
|
Membership No.: |
128883 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises over which key Managerial Personnel are able to exercise
significant influence : |
|
CAPITAL STRUCTURE
AFTER 31.03.2016
Authorised Capital : INR 40.000 Million
Issued, Subscribed & Paid-up Capital : INR 40.000
Million
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
INR 10/- each |
INR 40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3754577 |
Equity Shares |
INR 10/- each |
INR 37.546 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2017 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
37.546 |
|
(b) Reserves &
Surplus |
|
|
(6.351) |
|
(c) Money received
against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
|
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
|
31.195 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax
liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
0.000 |
|
(b) Trade payables |
|
|
28.840 |
|
(c) Other current
liabilities |
|
|
12.004 |
|
(d) Short-term provisions |
|
|
1.209 |
|
Total Current Liabilities
(4) |
|
|
42.053 |
|
|
|
|
|
|
TOTAL |
|
|
73.248 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
48.197 |
|
(ii) Intangible Assets |
|
|
2.076 |
|
(iii) Capital
work-in-progress |
|
|
2.033 |
|
(iv) Intangible assets
under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
0.000 |
|
(c) Deferred tax assets
(net) |
|
|
2.840 |
|
(d) Long-term Loan and Advances |
|
|
0.000 |
|
(e) Other Non-current
assets |
|
|
4.251 |
|
Total Non-Current Assets |
|
|
59.397 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
3.587 |
|
(c) Trade receivables |
|
|
0.485 |
|
(d) Cash and cash
equivalents |
|
|
0.690 |
|
(e) Short-term loans and
advances |
|
|
0.504 |
|
(f) Other current assets |
|
|
8.585 |
|
Total Current Assets |
|
|
13.851 |
|
|
|
|
|
|
TOTAL |
|
|
73.248 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
6.694 |
|
|
Other Income |
|
|
1.712 |
|
|
TOTAL |
|
|
8.406 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
|
5.206 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
(3.538) |
|
|
Employees benefits
expense |
|
|
8.140 |
|
|
Other expenses |
|
|
6.146 |
|
|
TOTAL |
|
|
15.954 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
|
(7.548) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
(7.548) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
|
1.643 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
|
(9.191) |
|
|
|
|
|
|
|
Less |
TAX |
|
|
(2.840) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
|
(6.351) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Export of goods |
|
|
3.475 |
|
|
Export of services |
|
|
3.219 |
|
|
TOTAL EARNINGS |
|
|
6.694 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
|
|
0.007 |
|
|
Capital Goods |
|
|
22.072 |
|
|
TOTAL IMPORTS |
|
|
22.079 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
(8.23) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
|
|
31.03.2017 |
|
Current Maturities of Long term debt |
|
|
NA |
|
Cash generated from operations |
|
|
NA |
|
Net cash flow from operating activity |
|
|
17.092 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
|
26.45 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
|
13.80 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
|
2022.01 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
|
(2.10) |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
|
(0.14) |
LEVERAGE RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
|
0.57 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
|
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
|
1.35 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
|
1.68 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
|
31.03.2017 |
|
((PAT / Sales) * 100) |
% |
|
|
(94.88) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
|
(8.67) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
|
(20.36) |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
|
0.33 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
|
0.24 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
|
0.43 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
|
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
|
0.33 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
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 |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
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 one year |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last one year |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO CHARGES EXIST FOR THE
COMPANY
FIXED ASSETS
- Computer and
Peripherals
- Electrical
Installation
- Furniture and
Fixture
- Leasehold
Improvement
- Machine
Accessories
- Measuring
Equipment
- Office
Equipment
- Plant and
Machinery
- Vehicles
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 64.85 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
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.