|
|
|
MIRA INFORM REPORT
|
Report No. : |
484381 |
|
Report Date : |
04.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
BADVE AUTOCOMPS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. D - 46, MIDC Area, Waluj, Aurangabad – 431133, Maharashtra |
|
Mob. No.: |
91-9881150575 (Mr. Rajiv Savarkar) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
04.08.1997 |
|
|
|
|
Com. Reg. No.: |
11-109848 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 3.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29290MH1997PTC109848 |
|
|
|
|
IEC No.: |
0302036709 |
|
|
|
|
TIN No.: |
27590370988 |
|
|
|
|
GST No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB3720G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Auto Components and Pressed Components.
(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 : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1997. It is a manufacturer of Auto Components and Pressed Components. For the financial year 2016, the revenue of the company has increased by 13.76% along with profit margin of 2.24%. The sound financial profile of the company is marked by adequate networth base. The company has decent earning per share (EPS) of INR 281.54 against the face value (FV) of INR 10. Rating also derives strength from company’s established track record of business. However, rating strengths are partially offset by unfavourable gap between trade payables and trade receivables and slightly high debt balance sheet profile. Business is active. Payments are reported to be usually correct. In view of aforesaid, the company can be considered for good 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 |
CRISIL |
|
Rating |
Long term = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
31.12.2016 |
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 04.01.2018.
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. Rajiv Savarkar |
|
Designation : |
Director |
|
Contact No.: |
91-9881150575 |
|
Date : |
03.01.2018 |
MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-240-2551223/ 2555186]
LOCATIONS
|
Registered Office : |
Plot No. D - 46, MIDC Area, Waluj, Aurangabad – 431133, Maharashtra,
India |
|
Tel. No.: |
91-240-2551223/ 2555186 |
|
Mobile No.: |
91-9881150575 (Mr. Rajiv Savarkar) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office: |
A-3, M.I.D.C. Ind. Area, Village Mahalunge, Chakan – Talegaon Road, Chakan, Pune – 410 501., Maharashtra, India |
|
|
|
|
Factory: |
Gut No. 22, 23 and 25, village Shivrai, Tq. Gangapur, District
Aurangabad, Maharashtra, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Ashok Shridhar Jogalekar |
|
Designation : |
Additional Director |
|
Address : |
Flat No. C-8, CTS No. 18349/3, Pride Plaza, Vedant Nagar, Aurangabad - 431001, Maharashtra, India |
|
Date of Birth/Age : |
26.01.1955 |
|
Date of Appointment : |
21.07.2017 |
|
DIN No.: |
01883409 |
|
|
|
|
Name : |
Mr. Sanjay Devidasrao Bardapurkar |
|
Designation : |
Additional Director |
|
Address : |
Flat No.8 Vasudha Apartment Jyoti Nagar, Aurangabad - 431005, Maharashtra, India |
|
Date of Birth/Age : |
22.04.1969 |
|
Date of Appointment : |
21.07.2017 |
|
DIN No.: |
06831818 |
|
|
|
|
Name : |
Mr. Shrikant Shankar Badve |
|
Designation : |
Additional Director |
|
Address : |
Flat.No.5,Shubhakamna Apartment, Dashmesh Nagar, New Osmanpura, Aurangabad - 431005, Maharashtra, India |
|
Date of Appointment : |
05.12.2017 |
|
DIN No.: |
00295505 |
|
|
|
|
Name : |
Mrs. Yogita Sanjay Badve |
|
Designation : |
Additional Director |
|
Address : |
Flat No.1, Shree Malvika Co-Op Housing So. 53, Erandwana, Pune - 411004, Maharashtra, India |
|
Date of Appointment : |
05.12.2017 |
|
DIN No.: |
00370704 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Badve Shankar Kumud |
|
24390 |
|
Badve Prabhakar Shankar |
|
23010 |
|
Badve Prabhakar Shankar [HUF] |
|
12600 |
|
Badve Shankar Shrikant |
|
16010 |
|
Badve Shrikant Supriya |
|
133890 |
|
Badve Sanjay Yogita |
|
30000 |
|
Creative Tools and Press Components Private Limited, India |
|
100 |
|
Badve Shankar Sanjay |
|
32500 |
|
Badve Engineering Limited, India |
|
2100 |
|
Sumedh Tools Private Limited, India |
|
5000 |
|
Savarkar Vasant Rajivprasad |
|
10100 |
|
Badve Savarkar Sanjay [HUF] |
|
10000 |
|
Badve Shankar Shrikant [HUF] |
|
300 |
|
|
|
|
|
Total |
|
300000 |
AS ON 11.05.2017
|
Names of Allottee |
|
No. of Shares |
|
Golden Quadra Construction LLP |
|
9000 |
|
Total |
|
9000 |
AS ON: 19.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
97.60 |
|
Public/Other than promoters (Bodies corporate) |
2.40 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Auto Components and Pressed Components.
(Registered Activity) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
· Bajaj Auto · Tata Motors · Fiat India Automobiles · General Motors · Ashok Leyland · Honda Motorcycle & Scooters · Mahindra Two Wheeler · Royal Enfield · Volvo |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· The Saraswat Co-Operative Bank Limited |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Ashok Patil and Associates Chartered Accountants |
|
Address : |
"A P Heights", Behind Gopal Cultural Hall, New Osmanpura, Aurangabad - 431 005, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAWFA4711E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives: |
· Badve Engineering Limited [U73100MH1996PLC102827] · Badve Autotech Private Limited [U29253MH2014PTC254928] · Creative Tools & Press Components Private Limited [U34100MH1995PTC089868] |
|
|
|
|
Other
Related Parties : |
· Phoenix Engineering · Shreeyash Enterprises · Badve Engineering Limited · Badve Helmets India Private Limited · Shreepriya Auto Parts Private Limited · Swastid Engineering Private Limited · Badve-Cellino Engineering Private Limited · Swastid Auto Products Private Limited · Starkenn Sports Private Limited · Optima Auto Products Private Limited · Badve Autotech Private Limited · Badve Holdings Private Limited · Badve Fincorp Private Limited · Badve Realty Private Limited · Badve Leasing Private Limited · Badve Overseas Private Limited · Badve Housing Private Limited · Badve Global Private Limited · Badve Overseas Trading Private Limited · Badve Sons Private Limited · Creative Tools & Press Components Private Limited · Sumedh Tools Private Limited · Zoom Info Solutions Private Limited · Manas Automotive Systems Limited · Amit Engineers and Tools Private Limited |
CAPITAL STRUCTURE
AS ON 19.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
309000 |
Equity Shares |
INR 10/- each |
INR 3.090 Million |
|
|
|
|
|
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
INR 10/- each |
INR 3.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
INR 10/- each |
INR 3.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
3.000 |
3.000 |
3.000 |
|
(b) Reserves & Surplus |
714.807 |
628.696 |
514.567 |
|
(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) |
717.807 |
631.696 |
517.567 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
2953.719 |
2837.381 |
2450.568 |
|
(b) Deferred tax liabilities (Net) |
120.385 |
84.147 |
68.124 |
|
(c)
Other long term liabilities |
158.640 |
155.436 |
181.661 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
3232.744 |
3076.964 |
2700.353 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
349.608 |
354.067 |
321.392 |
|
(b)
Trade payables |
153.450 |
170.503 |
200.006 |
|
(c)
Other current liabilities |
266.653 |
161.081 |
120.542 |
|
(d)
Short-term provisions |
49.740 |
44.780 |
40.173 |
|
Total
Current Liabilities (4) |
819.451 |
730.431 |
682.113 |
|
|
|
|
|
|
TOTAL |
4770.002 |
4439.091 |
3900.033 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2078.188 |
1876.481 |
1006.572 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1474.658 |
1283.209 |
1381.109 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
59.715 |
55.135 |
50.555 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
87.446 |
271.296 |
553.179 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
3700.007 |
3486.121 |
2991.415 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
251.985 |
264.055 |
255.618 |
|
(c)
Trade receivables |
509.537 |
422.881 |
411.301 |
|
(d)
Cash and cash equivalents |
54.798 |
27.819 |
17.490 |
|
(e)
Short-term loans and advances |
93.247 |
73.866 |
105.812 |
|
(f)
Other current assets |
160.428 |
164.349 |
118.397 |
|
Total
Current Assets |
1069.995 |
952.970 |
908.618 |
|
|
|
|
|
|
TOTAL |
4770.002 |
4439.091 |
3900.033 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
3762.247 |
3307.096 |
2694.366 |
|
|
|
Other Income |
15.455 |
11.566 |
4.473 |
|
|
|
TOTAL |
3777.702 |
3318.662 |
2698.839 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2851.383 |
2514.778 |
2080.933 |
|
|
|
Employees benefits expense |
265.218 |
270.399 |
230.326 |
|
|
|
Exceptional items |
0.918 |
-0.204 |
0.000 |
|
|
|
CSR expenditure |
1.800 |
1.400 |
0.000 |
|
|
|
Other expenses |
176.867 |
173.738 |
147.997 |
|
|
|
TOTAL |
3296.186 |
2960.111 |
2459.256 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
481.516 |
358.551 |
239.583 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
167.382 |
99.187 |
51.687 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
314.134 |
259.364 |
187.896 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
155.277 |
105.091 |
73.125 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
158.857 |
154.273 |
114.771 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
74.395 |
41.794 |
44.816 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
84.462 |
112.479 |
69.955 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
281.54 |
374.93 |
233.18 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
243.950 |
130.825 |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
328.543 |
261.294 |
149.116 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
294.862 |
226.779 |
125.116 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
49.43 |
46.67 |
55.72 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.38 |
7.82 |
6.55 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
19.64 |
24.75 |
35.08 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.91 |
1.36 |
0.94 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.14 |
0.11 |
0.10 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.84 |
0.83 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
4.94 |
5.26 |
5.36 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.14 |
1.16 |
1.32 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
4.95 |
5.00 |
4.61 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.88 |
3.61 |
4.64 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.24 |
3.40 |
2.60 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.77 |
2.53 |
1.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
11.77 |
17.81 |
13.52 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.31 |
1.30 |
1.33 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.00 |
0.94 |
0.96 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.15 |
0.14 |
0.13 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1182.43 |
1107.42 |
923.99 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.31 |
1.30 |
1.33 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in Indian INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR In
Million |
INR
In Million |
|
Share Capital |
3.000 |
3.000 |
3.000 |
|
Reserves & Surplus |
514.567 |
628.696 |
714.807 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
517.567 |
631.696 |
717.807 |
|
|
|
|
|
|
long-term borrowings |
2450.568 |
2837.381 |
2953.719 |
|
Short term borrowings |
321.392 |
354.067 |
349.608 |
|
Total
borrowings |
2771.960 |
3191.448 |
3303.327 |
|
Debt/Equity
ratio |
5.356 |
5.052 |
4.602 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
2694.366 |
3307.096 |
3762.247 |
|
|
|
22.741 |
13.763 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
2694.366 |
3307.096 |
3762.247 |
|
Profit |
69.955 |
112.479 |
84.462 |
|
|
2.60% |
3.40% |
2.24% |
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 |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
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 |
Yes |
|
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G47140207 |
100106169 |
THE
SARASWAT CO-OPERATIVE BANK LTD |
15/05/2017 |
- |
- |
350000000.0 |
MIDC,
WALUJ BRANCHAURANGABADMH421402IN |
|
2 |
G45457801 |
100101710 |
THE
COSMOS CO-OPERATIVE BANK LIMITED |
24/03/2017 |
- |
- |
1450000000.0 |
COSMOS
TOWER PLOT NO. 6 ICS COLONY UNIVERSITY ROADGANESHKHIND SHIVAJI NAGAR
PUNEPUNEMH411007IN |
|
3 |
G15079296 |
100021434 |
THE
SARASWAT CO-OPERATIVE BANK LTD |
23/03/2016 |
27/09/2016 |
- |
620000000.0 |
MIDC,
WALUJ BRANCHAURANGABADMH431136IN |
|
4 |
C41498379 |
10545209 |
THE
SARASWAT CO-OPERATIVE BANK LTD |
31/12/2014 |
- |
- |
300000000.0 |
WALUJ
BRANCHAURANGABDMH431136IN |
|
5 |
C01053552 |
10486587 |
THE
SARASWAT CO-OP BANK LIMITED |
12/03/2014 |
- |
- |
619000.0 |
RASEC
KANCHAN CHAMBERS, KRANTI CHOWKSTATION ROAD,AURANGABADAURANGABADMH431005IN |
|
6 |
B85213494 |
10449545 |
THE SARASWAT
CO-OP BANK LIMITED |
30/08/2013 |
- |
- |
167500000.0 |
N-11A,
PLOT NO 25 TV CENTRE, HUDCOAURANGABAD - 431003AURANGABADMH431003IN |
|
7 |
B85215077 |
10449549 |
THE
SARASWAT CO-OP BANK LIMITED |
30/08/2013 |
- |
- |
117500000.0 |
N-11A,
PLOT NO 25 TV CENTRE, HUDCOAURANGABAD - 431003AURANGABADMH431001IN |
|
8 |
B83056416 |
10445030 |
THE
SARASWAT CO-OP BANK LIMITED |
31/07/2013 |
- |
- |
1166000.0 |
RASEC
KANCHAN CHAMBERS, KRANTI CHOWKSTATION ROAD,AURANGABADAURANGABADMH431005IN |
|
9 |
B82812314 |
10457630 |
THE
SARASWAT CO-OP BANK LIMITED |
05/06/2013 |
- |
- |
30000000.0 |
KANCHAN
CHAMBERS,STATION ROAD BRANCHAURANGABADMH431005IN |
|
10 |
B78699774 |
10434762 |
THE
SARASWAT CO-OP BANK LIMITED |
30/05/2013 |
- |
- |
5236000.0 |
RASEC
KANCHAN CHAMBERS, KRANTI CHOWKSTATION ROAD,AURANGABADAURANGABADMH431005IN |
|
11 |
B78699543 |
10434764 |
THE
SARASWAT CO-OP BANK LIMITED |
23/05/2013 |
- |
- |
1686000.0 |
RASEC
Kanchan Chambers, Kranti ChowkStation Road,AurangabadAurangabadMH431005IN |
|
12 |
B71973416 |
10415970 |
THE
SARASWAT CO-OP BANK LIMITED |
07/03/2013 |
- |
- |
100000000.0 |
Kanchan
Chambers,Station Road BranchAURANGABADMH431005IN |
|
13 |
B44918431 |
10368568 |
THE
SARASWAT CO-OP BANK LIMITED |
06/07/2012 |
- |
- |
830000.0 |
RASEC
Kanchan Chambers, Kranti ChowkSattion Road,AurangabadAurangabadMH431005IN |
|
14 |
B37202082 |
10348403 |
THE
SARASWAT CO-OP BANK LIMITED |
22/03/2012 |
- |
- |
1119000.0 |
PLOT
NO. X-23, MIDC WALUJAURANGABADMH431005IN |
|
15 |
G41049933 |
10444715 |
THE
SARASWAT CO-OPERATIVE BANK LTD |
15/10/2011 |
15/04/2017 |
- |
260000000.0 |
MIDC,
WALUJ BRANCHAURANGABDMH431136IN |
|
16 |
C12814661 |
10311857 |
THE
SARASWAT CO-OP BANK LIMITED |
30/08/2011 |
25/03/2014 |
- |
1802800000.0 |
WALUJ BRACHAurangabadAurangabadMH431136IN |
|
17 |
B03700416 |
10263240 |
THE
SARASWAT CO - OPERATIVE BANK LTD |
24/12/2010 |
- |
- |
1409620.0 |
F.C.ROAD
BRANCH, RASECGANESHWADI OPP. VAISHALI HOTEL SHIVAJI NAGARPUNEMH411003IN |
|
18 |
C51005643 |
90242491 |
THE
SARASWAT CO-OP BANK LIMITED |
09/02/2004 |
30/09/2014 |
- |
117500000.0 |
Waluj
BranchAURANGABADMH431136IN |
|
19 |
G41064288 |
10619383 |
THE
SARASWAT CO-OPERATIVE BANK LTD |
27/01/2016 |
- |
21/03/2017 |
1000000000.0 |
MIDC,
WALUJ BRANCHAURANGABDMH431136IN |
|
20 |
G13812714 |
10300923 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
05/08/2011 |
- |
04/10/2016 |
3080564.0 |
2ND
FLOOR ABOVE F C ROAD BRANCH GANESHWADIOPP HOTEL VAISHALI SHIVAJI
NAGARPUNEMH411004IN |
|
21 |
G12816708 |
10286306 |
THE
SARASWAT CO - OPERATIVE BANK LIMITED |
06/05/2011 |
- |
28/09/2016 |
1526418.0 |
F.C.ROAD
BRANCH, RASECGANESHWADI OPP. VAISHALI HOTEL SHIVAJI NAGARPUNEMH411003IN |
|
22 |
G12817524 |
10300574 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
26/07/2011 |
- |
17/09/2016 |
928808.0 |
2ND
FLOOR ABOVE F C ROAD BRANCH GANESHWADIOPP HOTEL VAISHALI SHIVAJI
NAGARPUNEMH411004IN |
|
23 |
G12816468 |
10306777 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
20/08/2011 |
- |
17/09/2016 |
744279.0 |
2ND FLOOR
ABOVE F C ROAD BRANCH GANESHWADIOPP HOTEL VAISHALI SHIVAJI
NAGARPUNEMH411004IN |
|
24 |
G03876653 |
10008168 |
THE
SARASWAT CO.OP.BANK LTD. |
05/06/2006 |
- |
10/05/2016 |
6623000.0 |
MIDC
WALUJAURANGABADMH430033IN |
|
25 |
G03878816 |
10240113 |
THE
SARASWAT CO-OP BANK LTD. |
30/07/2010 |
- |
10/05/2016 |
1700000.0 |
PLOT
NO. X-23, MIDC WALUJ,AURANGABADMH431136IN |
|
26 |
G03877503 |
10240097 |
THE
SARSWAT CO-OP BANK LTD. |
30/07/2010 |
- |
10/05/2016 |
129049000.0 |
PLOT NO.
X-23, MIDC AREA, WALUJAURANGABADMH431136IN |
|
27 |
G03877016 |
10225898 |
THE
SARASWAT CO-OPERATIVE BANK LTD |
08/05/2010 |
- |
10/05/2016 |
1409000.0 |
RASEC,FERGUSSION
COLLEGE ROADPUNEMH411004IN |
|
28 |
G03879251 |
10314675 |
THE SARASWAT
CO-OP BANK LIMITED |
02/12/2010 |
- |
10/05/2016 |
104900000.0 |
PLOT
NO. X-23, MIDC WALUJAURANGABADMH431136IN |
|
29 |
G03873502 |
90242402 |
THE
SARASWAT CO-OPRATIVE BANK LIMITED |
13/01/2003 |
- |
10/05/2016 |
1000000.0 |
WALU3
BRANCHAURANGABADMHIN |
|
30 |
G03874518 |
90242627 |
THE
SARASWAT CO-OPERATIVE BANK LTD. |
14/01/2005 |
02/02/2006 |
10/05/2016 |
110000000.0 |
WALUJ-MIDC
BRANCHAURANGABADAURANGABADMH431005IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deferred sales tax loan |
106.153 |
117.304 |
|
Loans and advances from directors |
581.516 |
754.749 |
|
|
|
|
|
Total |
687.669 |
872.053 |
PERFORMANCE:
During the year, the company has achieved a gross turnover of INR 4703.000 million as compared to the gross turnover of INR 4133.200 million of last year at a growth rate of 13.78% and has earned Net profit after tax of INR 84.400 million during this year as compared to Net profit after tax of INR 112.400 million of preceding year.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
TDS - Income Tax |
0.000 |
87.83 |
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Factory equipment’s
·
Furniture and fixtures
·
Vehicles
·
Office 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 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 INR |
|
US Dollar |
1 |
INR 63.48 |
|
|
1 |
INR 86.41 |
|
Euro |
1 |
INR 76.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHK |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
ARC |
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.