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|
MIRA INFORM REPORT
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Report No. : |
484546 |
|
Report Date : |
05.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
WILO MATHER AND PLATT PUMPS PRIVATE LIMITED (w.e.f.05.09.2014) |
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|
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|
Formerly Known
As : |
MATHER AND PLATT PUMPS PRIVATE LIMITED (w.e.f.25.07.2014) MATHER AND PLATT PUMPS LIMITED DATUM
TRADING PRIVATE LIMITED |
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Registered
Office : |
Greaves Compound, Chinchwad Works, Bombay-Pune Road, Chinchwad, Pune -
411019, Maharashtra |
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Tel. No.: |
91-20-27442100 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
17.10.1996 |
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Com. Reg. No.: |
11-014499 |
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Capital
Investment / Paid-up Capital : |
INR 78.280 Million |
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CIN No.: [Company Identification
No.] |
U51909PN1996PTC014499 |
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IEC No.: |
Not Divulged |
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TIN No.: |
27370242002 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCD3568L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is primarily engaged in the business of design,
development, manufacture, sales, installation and servicing of centrifugal
pumps, pump sets, valves, fire systems, contracts of pumping systems on
turnkey basis and trading of pumps. [Registered Activity] |
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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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1996. It operates as a subsidiary
of WILO SE, Germany. The company is primarily engaged in the business of
designing, developing, manufacturing, selling, installing and servicing of
centrifugal pumps, pump sets, valves and fire systems, contracts of pumping
systems, on turnkey basis and trading of pumps. As per available financial of the year 2017, the company has achieved
revenue growth of 7.42% as compared to the previous year along with an
average profit margin of 5.85%. The sound financial risk profile of the company is marked by strong
net worth base along with negligible debt level. The rating takes into consideration the strong financial and
managerial support that the company receives from its holding company along
with the company’s long and established business track record. Payments are reported to be regular. In view of healthy financial condition, 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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 05.01.2018.
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 DENIED BY
|
Name : |
Mr. Murgekar |
|
Designation : |
Accounts department |
|
Contact No.: |
91-9763723980 |
|
Date : |
05.01.2018 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Greaves Compound, Chinchwad Works, Bombay-Pune Road, Chinchwad, Pune –
411019, Maharashtra, India |
|
Tel. No.: |
91-20-27442100 / 67347100/ 67967111 |
|
Mobile No.: |
91-9763723980 (Mr. Murgekar) |
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Fax No.: |
91-20-27442111 |
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E-Mail : |
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Website : |
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Factory 2 : |
E-25, M.I.D.C., Gokul Shirgaon, Kolhapur – 416234, Maharashtra, India |
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Tel. No.: |
91-231-2672904 |
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Factory 3 : |
Located at: Kolkata |
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Corporate Office : |
Located At : Chinchwad-Pune |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Hemant Chintamani Watve |
|
Designation : |
Managing Director |
|
Address : |
E-5, Ganga Tirth Society, Sahakarnagar No. I, Pune – 411009, Maharashtra, India |
|
Date of Birth/Age : |
03.12.1965 |
|
Qualification : |
Master’s degree in Mechanical Engineering and MBA |
|
Date of Appointment : |
30.07.2011 |
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PAN No.: |
AACPW5847K |
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DIN No.: |
03583510 |
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|
|
|
Name : |
Mr. Markus Beukenberg |
|
Designation : |
Director |
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Address : |
Dueppenbaeckerweg 24 Muelheim An Der Ruhr 45481 De |
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Date of Birth/Age : |
07.06.1955 |
|
Date of Appointment : |
26.04.2014 |
|
DIN No.: |
06575432 |
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|
|
|
Name : |
Mr. Shrikant Jayavant Shirodkar |
|
Designation : |
Alternate Director |
|
Address : |
Rosewoods, I Building, Flat No.1101, Kunal Icon Road, Pimple, Saudagar, Pune -411027, Maharashtra, India |
|
Date of Appointment : |
01.06.2017 |
|
DIN No.: |
07788253 |
KEY EXECUTIVES
|
Name : |
Ms. Manjiri Sonyabapu Patil |
|
Designation : |
Company Secretary |
|
Address : |
15 Eagle Co-Operative Housing Society, Near Karve Statue, Kothrud, Pune – 411038, Maharashtra, India |
|
Date of Birth/Age : |
16.11.1987 |
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Date of Appointment : |
19.05.2016 |
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PAN No.: |
AXHPP1851G |
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|
|
Name : |
Mr. Murgekar |
|
Designation : |
Accounts department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Wilo SE, Germany |
|
4690405 |
|
Wilo Salmson France SAS, France |
|
314 |
|
Shridhar P. Iyer |
|
4400 |
|
Vasantilal Pranlal Dalal and Ramila Vasant Dalal |
|
1080 |
|
Jugal Kishor Patodia |
|
1355 |
|
Savitri Devi Patodia |
|
560 |
|
Wilo SE, Germany and Shailendra Jha |
|
1 |
|
Wilo SE, Germany and Syed Tahir Husain |
|
1 |
|
Wilo SE, Germany and Bipin Chouthai |
|
1 |
|
Wilo SE, Germany and Ajit Ingale |
|
1 |
|
Wilo SE, Germany and Bipul Kumar |
|
1 |
|
Wilo SE, Germany and Balram Asati |
|
1 |
|
Wilo SE, Germany and Hemant Mudaliar |
|
1 |
|
Wilo SE, Germany and B Senthil Kumar |
|
1 |
|
Wilo SE, Germany and Manisha Chavan |
|
1 |
|
Wilo SE, Germany and TG Bendale |
|
1 |
|
Wilo SE, Germany and R Mehta |
|
1 |
|
Wilo SE, Germany and Geetha Nair |
|
1 |
|
Wilo SE, Germany and Ashok Lendghar |
|
1 |
|
Wilo SE, Germany and Patricia Barretto |
|
1 |
|
Wilo SE, Germany and Shrikant Wagh |
|
1 |
|
Shridhar P. Iyer |
|
2960 |
|
Wilo SE, Germany |
|
3126947 |
|
Total |
|
7828036 |
AS ON 19.05.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Bodies corporate |
99.87 |
|
Public/Other than promoters - Individual/Hindu Undivided Family – Indian |
0.13 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is primarily engaged in the business of
design, development, manufacture, sales, installation and servicing of centrifugal
pumps, pump sets, valves, fire systems, contracts of pumping systems on
turnkey basis and trading of pumps. [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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Auditors : |
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|
Name : |
B S R and Associates LLP Chartered Accountants |
|
Address : |
703, 7th Floor, Godrej Castlemaine, Bund Garden Road, Next to Ruby Hall, Pune – 411001, Maharashtra, India |
|
PAN No.: |
AADFB6889R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
WILO SE, Germany |
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Fellow Subsidiary
Companies: |
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Joint Ventures : |
M & P + Subhash J. V. |
CAPITAL STRUCTURE
AS ON 19.05.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
INR 10/- each |
INR 120.000 Million |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7828036 |
Equity Shares |
INR 10/- each |
INR 78.280
Million |
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|
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|
|
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 |
78.280 |
78.280 |
78.280 |
|
(b) Reserves and Surplus |
3256.959 |
2955.536 |
2763.551 |
|
(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 |
3335.239 |
3033.816 |
2841.831 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
59.465 |
55.139 |
47.410 |
|
(d) long-term
provisions |
108.609 |
111.799 |
83.763 |
|
Total Non-current
Liabilities |
168.074 |
166.938 |
131.173 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
73.218 |
79.793 |
99.698 |
|
(b) Trade
payables |
983.613 |
1027.069 |
1172.254 |
|
(c) Other
current liabilities |
284.894 |
290.245 |
367.288 |
|
(d) Short-term
provisions |
75.290 |
107.178 |
278.640 |
|
Total Current
Liabilities |
1417.015 |
1504.285 |
1917.880 |
|
|
|
|
|
|
TOTAL |
4920.328 |
4705.039 |
4890.884 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
840.935 |
878.701 |
882.200 |
|
(ii)
Intangible Assets |
9.685 |
15.456 |
21.288 |
|
(iii) Tangible assets
capital work-in-progress |
15.148 |
11.291 |
20.137 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.042 |
0.042 |
0.042 |
|
(c) Deferred tax assets (net) |
90.254 |
105.276 |
59.314 |
|
(d)
Long-term loans and advances |
634.937 |
592.844 |
642.863 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1591.001 |
1603.610 |
1625.844 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
651.304 |
603.556 |
722.538 |
|
(c) Trade
receivables |
1923.380 |
1954.003 |
2270.267 |
|
(d) Cash and
bank balances |
666.480 |
303.768 |
91.893 |
|
(e) Short-term
loans and advances |
80.871 |
239.057 |
180.047 |
|
(f) Other
current assets |
7.292 |
1.045 |
0.295 |
|
Total
Current Assets |
3329.327 |
3101.429 |
3265.040 |
|
|
|
|
|
|
TOTAL |
4920.328 |
4705.039 |
4890.884 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
5152.335 |
4796.283 |
6231.269 |
|
|
Other Income |
123.835 |
151.851 |
231.829 |
|
|
TOTAL |
5276.170 |
4948.134 |
6463.098 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2348.940 |
2293.433 |
1955.207 |
|
|
Purchases of
Stock-in-Trade |
741.625 |
563.159 |
2013.469 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(49.371) |
120.838 |
(28.001) |
|
|
Employee benefit expense |
713.782 |
721.222 |
835.740 |
|
|
CSR expenditure |
6.104 |
0.707 |
0.000 |
|
|
Other expenses |
897.583 |
848.862 |
1069.727 |
|
|
TOTAL |
4658.663 |
4548.221 |
5846.142 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
617.507 |
399.913 |
616.956 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
19.524 |
13.333 |
31.916 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
597.983 |
386.580 |
585.040 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
148.756 |
137.987 |
159.973 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
449.227 |
248.593 |
425.067 |
|
|
|
|
|
|
|
Less |
TAX |
147.804 |
56.608 |
142.169 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
301.423 |
191.985 |
282.898 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
1038.327 |
846.342 |
563.444 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
1339.750 |
1038.327 |
846.342 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
505.980 |
565.622 |
765.686 |
|
|
Other
Earning |
26.599 |
39.052 |
97.342 |
|
|
TOTAL EARNINGS |
532.579 |
604.674 |
863.028 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
120.795 |
174.050 |
147.871 |
|
|
Components and spare parts |
161.775 |
87.294 |
103.175 |
|
|
TOTAL IMPORTS |
282.570 |
261.344 |
251.046 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
38.51 |
24.53 |
36.14 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
67.206 |
|
Net cash flows from (used in) operations |
593.312 |
563.124 |
621.531 |
|
Net cash flows from (used in) operating activities |
432.543 |
405.330 |
565.693 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
136.26 |
148.70 |
132.98 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
2.68 |
2.45 |
2.74 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
116.17 |
131.23 |
107.81 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.95 |
0.66 |
0.85 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.71 |
0.44 |
0.67 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.29 |
0.32 |
0.41 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.02 |
0.03 |
0.06 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.42 |
0.50 |
0.67 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.26 |
0.30 |
0.33 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
31.63 |
29.99 |
19.33 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
5.85 |
4.00 |
4.54 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.13 |
4.08 |
5.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.04 |
6.33 |
9.95 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.35 |
2.06 |
1.70 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.89 |
1.66 |
1.33 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.68 |
0.64 |
0.58 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.94 |
1.02 |
2.13 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.35 |
2.06 |
1.70 |
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 |
78.280 |
78.280 |
78.280 |
|
Reserves & Surplus |
2763.551 |
2955.536 |
3256.959 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
2841.831 |
3033.816 |
3335.239 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
99.698 |
79.793 |
73.218 |
|
Current Maturities of
Long term debt |
67.206 |
0.000 |
0.000 |
|
Total borrowings |
166.904 |
79.793 |
73.218 |
|
Debt/Equity ratio |
0.059 |
0.026 |
0.022 |
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 |
6231.269 |
4796.283 |
5152.335 |
|
|
|
(23.029) |
7.423 |
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 |
6231.269 |
4796.283 |
5152.335 |
|
Profit |
282.898 |
191.985 |
301.423 |
|
|
4.54% |
4.00% |
5.85% |
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 |
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 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 |
BACKGROUND:
The Company, previously known as Mather and Platt Pumps Limited, was originally promoted in 1870 by Mr. Peter Mather and Mr. John Platt, who had introduced the world’s first turbine type multi-stage centrifugal pumps. The Company started its marketing operations in India in 1913 and set up its first manufacturing unit in Kolkata in 1940 and thereafter its second manufacturing unit at Pune in 1959.
The Company is a subsidiary of WILO SE (‘the Holding Company’), previously known as WILO AG, a company headquartered in Dortmund, Germany.
The Company is primarily engaged in the business of design, development, manufacture, sales, installation and servicing of centrifugal pumps, pump sets, valves, fire systems, contracts of pumping systems on turnkey basis and trading of pumps. The Company has its corporate office at Chinchwad-Pune and manufacturing plants at Chinchwad, Kolhapur and Kolkata. The Company also has a foundry at Kolhapur.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Short-term
borrowings |
|
|
|
Working capital loans from banks |
73.218 |
79.793 |
|
Total |
73.218 |
79.793 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C65879785 |
90086614 |
RUPEE CO-OPERATIVE BANK LTD. |
19/12/2003 |
- |
01/10/2015 |
50000000.0 |
Chinchwad Branch, S. No. 202, Bahirwade Complex, Pune-411019, Maharashtra, India |
|
2 |
A71735344 |
90094066 |
THE UNITED WESTERN BANK LIMITED |
29/06/2004 |
- |
14/10/2009 |
107200000.0 |
Chinchwad Branch, S. No. 202, Bahirwade Complex, Pune-411019, Maharashtra, India |
|
3 |
A71731772 |
90083889 |
THE UNITED WESTERN BANK LIMITED |
28/08/1992 |
06/04/2005 |
14/10/2009 |
30000000.0 |
Chinchwad Branch, S. No. 202, Bahirwade Complex, Pune-411019, Maharashtra, India |
|
4 |
A71733596 |
80056164 |
THE UNITED WESTERN BANK LIMITED |
15/12/2000 |
- |
14/10/2009 |
90000000.0 |
Chinchwad Branch, S. No. 202, Bahirwade Complex, Pune-411019, Maharashtra, India |
|
5 |
A71806558 |
90082490 |
THE UNITED WESTERN BANK LIMITED |
20/03/1997 |
29/06/2004 |
14/10/2009 |
230000000.0 |
Chinchwad Branch, S. No. 202, Bahirwade Complex, Pune-411019, Maharashtra, India |
|
6 |
A71806707 |
90088513 |
THE UNITED WESTERN BANK LIMITED |
29/06/2002 |
- |
14/10/2009 |
100000000.0 |
72; 74; 74(A)N.M. Joshi Marg; Lower Parel, Mumbai-400013, Maharashtra, India |
|
7 |
A71811343 |
80056165 |
THE UNITED WESTERN BANK LIMITED |
29/06/2004 |
- |
14/10/2009 |
60000000.0 |
Chinchwad Branch, S. No. 202, Bahirwade Complex, Pune-411019, Maharashtra, India |
|
8 |
A71732366 |
90086842 |
THE UNITED WESTERN BANK LIMITED |
14/06/2004 |
29/06/2004 |
14/10/2009 |
40000000.0 |
Chinchwad Branch, S. No. 202, Bahirwade Complex, Pune-411019, Maharashtra, India |
|
9 |
A71731087 |
90093481 |
THE UNITED WESTERN BANK LIMITED |
01/06/2002 |
22/04/2003 |
14/10/2009 |
20000000.0 |
Chinchwad Branch, S. No. 202, Bahirwade Complex, Pune-411019, Maharashtra, India |
|
10 |
A71730147 |
90093480 |
THE UNITED WESTERN BANK LIMITED |
23/06/2000 |
22/04/2003 |
14/10/2009 |
7000000.0 |
Chinchwad Branch, S. No. 202, Bahirwade Complex, Pune-411019, Maharashtra, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Other money for which company is contingently liable |
96.722 |
204.363 |
|
Total |
96.722 |
204.363 |
FIXED ASSETS:
Tangible Asset:
- Land
- Building
- Plant and equipment
- Furniture and
Fixture
- Computer
- Vehicles
Intangible Asset:
- Brands and trade marks
- Copyrights
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
|
INR |
|
US Dollar |
1 |
INR 63.39 |
|
|
1 |
INR 85.74 |
|
Euro |
1 |
INR 76.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
BHG |
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.