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%20PRIVATE%20LIMITED%20-%20486847%2019-Jan-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20486847%2019-Jan-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20486847%2019-Jan-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
486847 |
|
Report Date : |
19.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ELECTRICA ENGINEERS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shed No W-316 Rabale Block, MIDC Industrial Area, TTC Ghansoli Post, Navi Mumbai – 400701, Maharashtra |
|
Tel. No.: |
91-22-27606670/ 27606680 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
14.01.2004 |
|
|
|
|
Com. Reg. No.: |
11-144011 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 18.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31900MH2004PTC144011 |
|
|
|
|
IEC No.: |
0304012840 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCE2866Q |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacture of Electric Lighting Equipment. (Registered activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 2004. The company manufactures
interior lighting systems such as roof lamps, reading lamps, rear roof lamps,
and exterior lighting products such as side repeaters and high mounted stop
lamps. The subject’s clients include – Tata Motors, Tata Ficosa, JCB, Fiat
Automobiles, Volvo India, Mahindra, Automobile Corporation of Goa Limited,
Asia Motoworks Limited, etc. As per the financial of 2017, the company has achieved average
profitability margin of 5.53% but has reported a decline in its revenue as
compared to the previous year’s revenue. The company possesses healthy financial position marked by adequate
net worth base along with low debt balance sheet profile and comfortable
liquidity parameters. Rating takes into consideration the company’s favourable Earnings Per
Share (EPS) of INR 156.42 as against its Face Value (FV) of INR 10. Business is active. Payments are reported to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Loans = BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
28.02.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 19.01.2018
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
91-8888819678 (NOT REACHABLE)
91-2114-237725 (NUMBER DOES NOT EXIST)
MANAGEMENT NON-COOPERATIVE (TEL NO. 91-22-27606670 / 27606680)
LOCATIONS
|
Registered Office / Head office : |
Shed No.: W-316, Rabale Block, MIDC Industrial Ares, TTC, Ghansoli Post,
Navi Mumbai – 400701, Maharashtra, India
|
|
Tel. No.: |
91-22-27606670/ 27606680 |
|
Mobile No.: |
91-8888819678 (Mr. Niranjan Jagannath Damle) |
|
Fax No.: |
91-22-27693194/ 27606680 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
Owned |
|
|
|
|
Factory : |
Gat No. 57 / 1 Part, Village Bebedohol, Next to Tata Maval Foundry,
Taluka Maval, District Pune – 410506, Maharashtra, India |
|
Tel. No.: |
91-2114-237725 / 269 |
|
Fax No.: |
91-2114-237727 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Arvind Vasant Pendse |
|
Designation : |
Managing Director |
|
Address : |
D-1301, Balaji Garden Co-operative Housing Society, Sector – 11,
Bonkode, Kopar Khairane, Navi Mumbai – 400709, Maharashtra, India |
|
Date of Birth/Age : |
09.06.1952 |
|
Date of Appointment : |
15.01.2004 |
|
DIN No.: |
00903677 |
|
|
|
|
Name : |
Mrs. Prerna Pendse |
|
Designation : |
Director |
|
Address : |
D-1301, Balaji Garden Co-operative Housing Society, Sector – 11, Bonkode,
Kopar Khairane, Navi Mumbai – 400709, Maharashtra, India |
|
Date of Birth/Age : |
21.05.1964 |
|
Date of Appointment : |
01.05.2010 |
|
DIN No.: |
00903722 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Arvind Pendse |
|
159999 |
|
Prerna Pendse |
|
6000 |
|
Jayant Damle |
|
10000 |
|
Rohinee Damle |
|
5000 |
|
|
|
|
|
Total |
|
180999 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
91.71 |
|
Promoter - Bodies
corporate |
8.29 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20486847%2019-Jan-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacture of Electric Lighting Equipment. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
NOTE : LONG-TERM
BORROWINGS Secured By (For
Term Loans other than Vehicle Loan) Registered Mortgage of factory premises situated at W-316, Rabale Block, MIDC Industrial Area, TIC, Ghansoli, Navi Mumbai - 400701, Maharashtra, India Registered Mortgage of Land and Building, Factory Premises
at Gate No.57/1(part), Hissa No.1/B at Bebadohal, Tal. Maval, Dist -
Pune and hypothecation of plant and Machineries, Moulds and other fixed
assets. Registered Mortgage charge on agricultureal plot and the building thereon belonging to the promoter and located at Survey No.61/5,18 Bhinarpada Road Junction, Opp. Water Tank, Ambhesive Budruk, Badlapur Tal- Ambernath, Dist- Thane. Assets of the promoter. SHORT-TERM
BORROWINGS Secured By (Term
Loans except Vehicle Loans). Exclusive charge by way of hypothecation on entire stock and book debts of the company at Shed No. W-316, Rabale Block, MIDC Industrial Area, T.T.C Ghansoli Post, Navi Mumbai-400701 and survey no. 61/5, 18 Bhinarpada Road Junction, Opp. Water Tank, Ambhesive Budruk, Badlapur Tal- Ambernath, Dist- Thane and Gat no. 57/1(part) village Bebedohol Tal Maval, Talegaon, Pune. Exclusive charge on Assets of the Promoter. Register Mortgage charge on fixed assets of the company located at Survey No.61/5,18 Bhinarpada Road Junction, Opp. Water Tank, Ambhesive Budruk, Badlapur Tal- Ambernath, Dist- Thane. Register Mortgage on fixed. assets of the company located at W-316, Rabale Block, MIDC Industrial Area, T.T.C Ghansoli Post, Navi Mumbai-400701 and survey no. 61/5, 18 Bhinarpada Road Junction, Opp. Water Tank, Ambhesive Budruk, Badlapur Tal- Ambernath, Dist- Thane and Gat no. 57/1(part) village Bebedohol Tal Maval, Talegaon, Pune Exclusive charge on the current and future current assets of the company. |
|
Auditors : |
|
|
Name : |
GPS and Associates Chartered Accountants |
|
Address : |
A-1, Sindhi Niwas, Sitaladevi Temple Road, Mahim, Mumbai – 400016,
Maharashtra, India |
|
Tel. No. : |
91-22-24446688 / 1348 / 24468959 |
|
Fax No. : |
91-22-24466455 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADHG4422H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 100/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
180999 |
Equity Shares |
INR 100/- each |
INR 18.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
18.100 |
18.100 |
18.100 |
|
(b) Reserves &
Surplus |
109.972 |
82.903 |
71.789 |
|
(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) |
128.072 |
101.003 |
89.889 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
18.371 |
39.619 |
43.804 |
|
(b) Deferred tax liabilities
(Net) |
2.310 |
3.283 |
5.428 |
|
(c) Other long term
liabilities |
1.998 |
1.975 |
6.351 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
22.679 |
44.877 |
55.583 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
89.303 |
100.294 |
91.104 |
|
(b) Trade payables |
73.177 |
77.014 |
63.809 |
|
(c) Other current
liabilities |
2.375 |
3.207 |
29.433 |
|
(d) Short-term provisions |
8.562 |
7.749 |
8.970 |
|
Total Current Liabilities
(4) |
173.417 |
188.264 |
193.316 |
|
|
|
|
|
|
TOTAL |
324.168 |
334.144 |
338.788 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
118.390 |
129.372 |
141.682 |
|
(ii) Intangible Assets |
2.200 |
3.566 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.050 |
0.050 |
0.050 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.227 |
7.120 |
7.862 |
|
(e) Other Non-current
assets |
0.246 |
0.229 |
0.212 |
|
Total Non-Current Assets |
122.113 |
140.337 |
149.806 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
67.692 |
54.688 |
51.569 |
|
(c) Trade receivables |
94.890 |
89.007 |
88.817 |
|
(d) Cash and cash
equivalents |
4.924 |
11.647 |
6.584 |
|
(e) Short-term loans and
advances |
33.853 |
37.913 |
41.512 |
|
(f) Other current assets |
0.696 |
0.552 |
0.500 |
|
Total Current Assets |
202.055 |
193.807 |
188.982 |
|
|
|
|
|
|
TOTAL |
324.168 |
334.144 |
338.788 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
489.579 |
527.962 |
477.359 |
|
|
Other Income |
17.130 |
13.641 |
30.173 |
|
|
TOTAL |
506.709 |
541.603 |
507.532 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
303.344 |
326.680 |
311.805 |
|
|
Purchases of
Stock-in-Trade |
2.135 |
7.576 |
12.302 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(12.598) |
3.633 |
17.333 |
|
|
Employees benefits
expense |
43.169 |
40.701 |
30.379 |
|
|
Exceptional items |
0.226 |
4.926 |
0.000 |
|
|
prior period adjustment |
0.028 |
0.085 |
0.000 |
|
|
Other expenses |
104.502 |
106.556 |
91.282 |
|
|
TOTAL |
440.806 |
490.157 |
463.101 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
65.903 |
51.446 |
44.431 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
7.417 |
11.212 |
12.869 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
58.486 |
40.234 |
31.562 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
24.298 |
25.785 |
28.086 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
34.188 |
14.449 |
3.476 |
|
|
|
|
|
|
|
Less |
TAX |
7.119 |
3.335 |
1.202 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
27.069 |
11.114 |
2.274 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
227.092 |
265.492 |
265.492 |
|
|
Dies and Moulds Machinery
Fixture |
2.748 |
7.512 |
7.512 |
|
|
Reimbursement of Expenses |
0.850 |
1.274 |
1.274 |
|
|
TOTAL EARNINGS |
230.690 |
274.278 |
274.278 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
51.634 |
61.592 |
59.429 |
|
|
Capital Goods |
4.926 |
5.124 |
4.840 |
|
|
TOTAL IMPORTS |
56.560 |
66.716 |
64.269 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
149.55 |
61.40 |
12.56 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
44.659 |
37.535 |
(13.574) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
70.74 |
61.53 |
67.91 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.16 |
5.93 |
5.37 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
87.44 |
84.10 |
71.86 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.97 |
0.94 |
0.86 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.55 |
0.39 |
0.31 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.59 |
0.68 |
0.70 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.84 |
1.39 |
1.50 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.35 |
1.86 |
2.15 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.94 |
1.32 |
1.58 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
8.89 |
4.59 |
3.45 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
5.53 |
2.11 |
0.48 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
8.35 |
3.33 |
0.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
21.14 |
11.00 |
2.53 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.17 |
1.03 |
0.98 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.77 |
0.74 |
0.71 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.40 |
0.30 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
5.95 |
7.73 |
7.45 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.17 |
1.03 |
0.98 |
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 |
18.100 |
18.100 |
18.100 |
|
Reserves & Surplus |
71.789 |
82.903 |
109.972 |
|
Net
worth |
89.889 |
101.003 |
128.072 |
|
|
|
|
|
|
Long Term borrowings |
43.804 |
39.619 |
18.371 |
|
Short Term borrowings |
91.104 |
100.294 |
89.303 |
|
Total
borrowings |
134.908 |
139.913 |
107.674 |
|
Debt/Equity
ratio |
1.501 |
1.385 |
0.841 |
%20PRIVATE%20LIMITED%20-%20486847%2019-Jan-2018_files/image022.gif)
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
|
477.359 |
527.962 |
489.579 |
|
|
|
10.601 |
(7.270) |
%20PRIVATE%20LIMITED%20-%20486847%2019-Jan-2018_files/image024.gif)
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
|
477.359 |
527.962 |
489.579 |
|
Profit |
2.274 |
11.114 |
27.069 |
|
|
0.48% |
2.11% |
5.53% |
%20PRIVATE%20LIMITED%20-%20486847%2019-Jan-2018_files/image026.gif)
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
REVIEW OF BUSINESS OPERATIONS
AND FUTURE PROSPECTS:
During the year the
turnover of the company has gone down by 8.79 compare to previous year. Profit before tax and profit after tax
has gone up by 45.13% and 141.97% respectively compare to previous year. The growth in export is continuously
satisfactory.
The Directors are optimistic about company's business and
hopeful of better performance with increased
revenue in next year. There was no change in the nature of business of company
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances
from Directors |
|
|
|
Arvind Pendse |
12.208 |
22.980 |
|
Prerana Pendse |
0.722 |
1.054 |
|
|
|
|
|
Total |
12.930 |
24.034 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C80435290 |
10148183 |
IDBI Bank Limited |
17/03/2009 |
23/02/2016 |
- |
100000000.0 |
Specialized Corporate Branch, National StockExchange Bandra Kurla Complex, Bandra (E)MUMBAIMH400051IN |
|
2 |
G53230512 |
10112364 |
NEW INDIA CO-OPERATIVE BANK LTD. |
12/02/2008 |
- |
06/09/2017 |
118000000.0 |
New India Bhavan, Anant Vishram Nagwekar MargBabasaheb Worlikar Chowk, PrabhadeviMUMBAIMH400025IN |
|
3 |
G53229480 |
10102970 |
New India Co-op Bank Limited |
28/04/2008 |
10/06/2014 |
06/09/2017 |
143000000.0 |
Centralized Credit Department, Temple View - 1,Raheja Township, Malad (E),MumbaiMH400097IN |
|
4 |
G50149707 |
90148990 |
STATE BANK OF INDIA |
08/12/2004 |
29/03/2005 |
09/08/2017 |
1500000.0 |
RABALE TRANS THANE CREEKINDUSTRIAL AREA BRANCHMUMBAIMH400708IN |
|
5 |
G49890759 |
10515253 |
New India Co-op Bank Limited |
10/06/2014 |
- |
19/07/2017 |
25000000.0 |
Centralized Credit Department, Temple View-1,Raheja Township, Malad (E),MumbaiMH400097IN |
|
6 |
G47712229 |
10112360 |
NEW INDIA CO-OPERATIVE BANK LTD. |
12/02/2008 |
- |
21/06/2017 |
65000000.0 |
New India Bhavan, Anant Vishram Nagwekar MargBabasaheb Worlikar Chowk, PrabhadeviMUMBAIMH400025IN |
|
7 |
G47712997 |
10440021 |
NEW INDIA CO-OPERATIVE BANK LTD |
19/07/2013 |
- |
20/06/2017 |
15000000.0 |
Centralized Credit Department, Temple View-1,Raheja Township, Malad (E),MumbaiMH400097IN |
|
8 |
G47713136 |
10112361 |
NEW INDIA CO-OPERATIVE BANK LTD. |
12/02/2008 |
- |
20/06/2017 |
30000000.0 |
New India Bhavan, Anant Vishram Nagwekar MargBabasahed Worlikar Chowk, PrabhadeviMUMBAIMH400025IN |
|
9 |
A58552084 |
10025417 |
HDFC BANK LIMITED |
10/10/2006 |
- |
23/03/2009 |
4000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
10 |
A32735698 |
90244441 |
SICOM LTD. |
06/12/2005 |
20/12/2005 |
21/02/2008 |
30000000.0 |
NIRMAL 1ST FLOORNARIMAN POINTMUMBAIMH400021IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against Company not acknowledge as debt under Excise and Service Tax |
0.411 |
4.616 |
|
Bank Guarantees Issued |
1.410 |
1.410 |
|
Disputed sales tax liability |
0.000 |
0.252 |
|
Total |
1.821 |
6.278 |
FIXED ASSETS
- Leasehold Land
- Leasehold Improvement
- Factory Building
- Staff Quarter
- Plant and Machinery
- Electrical Installation
- Lift
- Furniture and Fixture
- Office equipment
- Motor Car
- Motor Bike
- Computer
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 records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.98 |
|
|
1 |
INR 88.13 |
|
Euro |
1 |
INR 78.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.