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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

486269

Report Date :

13.01.2018

 

IDENTIFICATION DETAILS

 

Name :

EPIROC MINING INDIA LIMITED

 

 

Registered Office :

Bombay-Pune Road, Sveanagar Dapodi, Pune – 411012, Maharashtra

Tel. No.:

91-20-39852100

 

 

Country :

India

 

 

Financials (as on) :

Not Available

 

 

Date of Incorporation :

20.07.2017

 

 

Com. Reg. No.:

11-171542

 

 

Capital Investment / Paid-up Capital :

INR 225.616 Million

 

 

CIN No.:

[Company Identification No.]

U29309PN2017PLC171542

 

 

IEC No.:

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAECE7216R

 

 

GSTIN/UIN :

Not Divulged

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

To carry on the business of manufacturers, fabricators, assemblers, producers, developers,  designers, contractors, erectors, commissioners, hirers, licensors, buyers, sellers, distributors, agents, stockist, retailers, traders, and dealers in all types of Mining and Civil engineering equipment, machinery, tools, gigs, apparatus and kit  including boomers, drilling machines, rock drills and its spares and to carry on turnkey projects in the mining and construction industry both in India and abroad. (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 :

NB

 

Credit Rating

Explanation

Rating Comments

NB

New Business

No recommendation can be done due to business in infancy stage

 

Status :

New Business

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is a new company incorporated as on 20th July 2017. The company is based in Pune, Maharashtra.

 

Mr. Sagar Jain (Assistant Manager) only confirmed that company has commenced with its commercial operation from the same date of establishment.

 

Payments terms are unknown.

 

In view of infancy, it is advisable to deal with the company on fully safe and secured trade terms and condition.

 

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

 

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 13.01.2018

 

 

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. Sagar Jain

Designation :

Assistant Manager

Contact No.:

91-7507025649

 

MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-20-39852100)

 

 

LOCATIONS

 

Registered Office :

Bombay-Pune Road, Sveanagar Dapodi, Pune – 411012, Maharashtra, India

Tel. No.:

91-20-39852100

Mobile No.:

91-7507025649 (Mr. Sagar Jain)

Fax No.:

Not Available

E-Mail :

anant.bavare@in.atlascopco.com

 

 

DIRECTORS

 

As on 2017

 

Name :

Mr. Suresh Hanmantrao Ghotage

Designation :

Director

Address :

4, Dreamland Apartments, 47/98, Bhusari Colony, Paud Road, Kothrud, Pune – 411038, Maharashtra, India

Date of Appointment :

20.07.2017

DIN No.:

02100456

Other Directorship:

 

CIN/FCRN

Company Name

Begin Date

End Date

U29222PN2003PTC134713

FOCUS ROCBIT PRIVATE LIMITED

10/08/2009

-

U29222PN2003PTC134712

PRISMA ROCTOOLS PRIVATE LIMITED

10/08/2009

-

U45203PN2004PTC133149

DYNAPAC COMPACTION AND PAVING EQUIPMENT (INDIA) PRIVATE LIMITED

30/09/2008

-

 

 

Name :

Giovanni Valent

Designation :

Director

Address :

Via Lorenzo Mascheroni, 25 Milano 20145 IT

Date of Appointment :

20.07.2017

DIN No.:

07207866

Other Directorship:

 

CIN/FCRN

Company Name

Begin Date

End Date

U27106PN1960PLC020566

ATLAS COPCO (INDIA) LIMITED

15/06/2015

-

U29254PN2007PTC137623

EDWARDS INDIA PRIVATE LIMITED

30/09/2016

-

U29120KA2005PTC093955

LEYBOLD INDIA PRIVATE LIMITED

30/09/2017

-

 

 

Name :

Ms. Helena Marie Hedblom

Designation :

Director

Address :

Ronnbarsgrand 10 Avesta 77462 Se

Date of Appointment :

20.07.2017

DIN No.:

07868560

 

 

Name :

Jerry Kent Andersson

Designation :

Additional Director

Address :

Apartment No. €“ A 1701, 17th Floor, Yoo Pune, Behind Seasons Mall, Hadapsar, Pune – 411013, Maharashtra, India

Date of Appointment :

07.12.2017

DIN No.:

08015237

 

 

Name :

Mr. Anilkumar Jewraj Hirjee

Designation :

Additional Director

Address :

Flat No.9, Battery House, 74-A, Bhulabhai Desia Road, Mumbai – 400026, Maharashtra, India

Date of Appointment :

09.12.2017

DIN No.:

00044765

Other Directorship:

 

CIN/FCRN

Company Name

Begin Date

End Date

L99999MH1863PLC000002

BOMBAY BURMAH TRADING CORPORATION LIMITED

01/10/1998

-

L17120MH1879PLC000037

THE BOMBAY DYEING AND MANUFACTURING COMPANY LIMITED

28/05/2001

-

U63090MH1973PTC016873

CHIKA PRIVATE LIMITED

16/09/1984

-

U65990DL1988PTC300184

GO INVESTMENTS AND TRADING PRIVATE LIMITED

30/09/2011

-

U65991MH1999PLC123026

HDFC TRUSTEE COMPANY LIMITED

11/07/2000

-

L15412WB1918PLC002964

BRITANNIA INDUSTRIES LIMITED

05/09/1993

-

U27106PN1960PLC020566

ATLAS COPCO (INDIA) LIMITED

20/12/1988

-

U85100MH1946GAT005082

BREACH CANDY HOSPITAL TRUST

30/03/2000

-

 

 

Name :

Mr. Jamshed Kaikobad Delvadavala

Designation :

Additional Director

Address :

802 A, Gulistan, Dr. Ambedkar Road, Dadar, Mumbai – 400014, Maharashtra, India

Date of Appointment :

09.12.2017

DIN No.:

00047470

Other Directorship:

 

CIN/FCRN

Company Name

Begin Date

End Date

U65923MH1991PLC063056

PREMIUM FINANCIAL SERVICES LIMITED

04/12/1995

-

L55101GA1971PLC000113

FOMENTO RESORTS AND HOTELS LIMITED

30/09/2006

-

U27106PN1960PLC020566

ATLAS COPCO (INDIA) LIMITED

04/09/2015

-

U93000MH2012PTC232475

VERISMO CONSULTING PRIVATE LIMITED

21/06/2012

-

 

 

KEY EXECUTIVES

 

Name :

Mr. Sagar Jain

Designation :

Assistant Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 19.07.2017

 

Names of Shareholders

 

No. of Shares

Anant Narayan Bavare

 

1

Suresh Hanmantrao Ghotage

 

1

Sanjay Ahuja

 

1

Chandrakant Madhukar Pandit

 

1

Manikrao Bhaurao  Patil

 

1

Nitin Krishan Lall

 

1

Bhavin Pravinchandra Pandya

 

1

Total

 

7

 

 

BUSINESS DETAILS

 

Line of Business :

To carry on the business of manufacturers, fabricators, assemblers, producers, developers,  designers, contractors, erectors, commissioners, hirers, licensors, buyers, sellers, distributors, agents, stockist, retailers, traders, and dealers in all types of Mining and Civil engineering equipment, machinery, tools, gigs, apparatus and kit  including boomers, drilling machines, rock drills and its spares and to carry on turnkey projects in the mining and construction industry both in India and abroad. (Registered Activity)

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

 

PRODUCTION STATUS NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Bank Name

Not Divulged

Branch

Not Divulged

Person Name (With Designation)

--

Contact Number

--

Name of Account Holder

--

Account Number

--

Account Since (Date/Year of Account Opening)

--

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

--

Account Operation

--

Remarks (If any)

--

 

Auditors :

Not Divulged

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Divulged

 

 

CAPITAL STRUCTURE

 

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

25000000

Equity Shares

INR 10/- each

INR 250.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

22561564

Equity Shares

INR 10/- each

INR 225.616 Million

 

 

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in INR Million]

 

NEW BUSINESS

 

 

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

No

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

No

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

No

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

No

26

Turnover of firm for last three years

No

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

No

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

 

 

INDEX OF CHARGES

 

No Charges Exists for Company

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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 63.52

UK Pound

1

INR 86.05

Euro

1

INR 76.53

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

SUD

 

 

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

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)

 

 

 

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.