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|
%20PRIVATE%20LIMITED%20-%20487256%2020-Jan-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20487256%2020-Jan-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20487256%2020-Jan-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
487256 |
|
Report Date : |
20.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ROCHEM SEPARATION SYSTEMS (INDIA) PRIVATE LIMITED (w.e.f 13.10.1992) |
|
|
|
|
Formerly Known
As : |
ROCHEM DYECHEM (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
101, HDIL Tower, Anand Kanekar Marg, Bandra (East), Mumbai – 400051, Maharashtra |
|
Tel. No.: |
91-22-67049000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
19.11.1991 |
|
|
|
|
Com. Reg. No.: |
11-064068 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 5.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH1991PTC064068 |
|
|
|
|
IEC No.: |
0393040658 |
|
|
|
|
GSTIN/UIN : |
27AABCR1955P1ZV |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR1965P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of water treatment systems, water pollution control
equipment, bio filters and resource recovery systems using membrane
technology. [Registered
activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
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 : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of “Concord Enviro Systems Private Limited”, and was incorporated in the year 1991. The company assembles and installs waste water treatment and seawater desalination plants for industries such as distilleries, textiles, tanneries, pharmaceuticals and chemicals. The company uses advanced membrane module technology for its water treatment solutions. For the financial year 2017, the company has marginal decreased in its revenue from operation as compared to previous year and maintained average profitability margin of 2.85%. Rating takes into consideration sound financial profile of the company marked by healthy networth base and average debt balance sheet. Further, rating also reflects from its experienced and resourceful promoters with group support along with established track of business operation. However, rating strength is partially offset by marginal declined in the profitability during the year. Trade relations are reported as fair. Business is active. Payments terms are reported to be regular. In view of the aforesaid, 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Loan= BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
14.12.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating= A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
14.12.2017 |
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 20.01.2018
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 PARTED BY
|
Name : |
Mr. M. Samal |
|
Designation : |
Finance Department |
|
Contact No.: |
91-8584848941 |
|
Date : |
19.01.2018 |
LOCATIONS
|
Registered Office : |
101, HDIL Tower, Anand Kanekar Marg, Bandra (East), Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-67049000 |
|
Fax No.: |
91-22-6704 9010 / 9077 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No.49, Sector-2, Gauraipada Village, The Vasai taluka Co-operative Industrial Estate Limited, Vasai (East), Thane – 401208 Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Prayas Kamlesh Goel |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
1101, Eben-Ezer Tagore Road, Near Poddar School, Santacruz (West),
Mumbai – 400054, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.05.1977 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2015 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAKPG5038Q |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00348519 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Prerak Goel |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
1001, Eben-Ezer, Tagore Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.09.1979 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2015 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAKPG8954B |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00348563 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Alipt Sharma |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-893A, Sushant Lok Phase – I, Gurugram – 122002, Haryana, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.11.1976 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
07.08.2015 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03128439 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. M. Samal |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Concord Enviro Systems Private Limited, India |
|
49999 |
|
Namrata Goel |
|
1 |
|
|
|
|
|
Total |
|
50000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters [Bodies
corporate] |
100.00 |
|
|
|
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20487256%2020-Jan-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of water treatment systems, water pollution
control equipment, bio filters and resource recovery systems using membrane technology. [Registered activity and also
confirmed by management] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
·
Finished Goods |
||||
|
Countries : |
·
Bangladesh |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
·
Raw Materials |
||||
|
Countries : |
·
China ·
Middle East Countries ·
Germany |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C, Credit (30 Days) and Others (RTGS) |
||||
|
|
|
||||
|
Purchasing : |
L/C, Credit (30 Days) and Others (RTGS) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
End Users
|
||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
1000 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
B S R and Associates LLP Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
PAN No.: |
AADFB6889R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company: |
· Concord Enviro Systems Private Limited |
|
|
|
|
Fellow Subsidiary
Company: |
· Concord Blue Technology Private Limited · Reva Enviro Systems Private Limited · Concord Enviro FZE · Blue Water Trading and Treatment FZE |
|
|
|
|
Associate : |
·
Roserve Enviro Private Limited |
|
|
|
|
Enterprises Which
Are Owned, Or Have
Significant Influence of or are Partners With Key Management Personnel and
their Relatives: |
· Concord Shipping Private Limited · Rochem Green Energy Private Limited · Rochem (India) Private Limited · MSW Bhubaneswar Limited |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
INR 100/- each |
INR 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 100/- each |
INR 5.000 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 |
5.000 |
5.000 |
4.000 |
|
(b) Reserves & Surplus |
897.797 |
840.591 |
736.698 |
|
(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) |
902.797 |
845.591 |
740.698 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
176.864 |
70.977 |
13.966 |
|
(b) Deferred tax liabilities (Net) |
90.368 |
88.663 |
65.423 |
|
(c) Other long term
liabilities |
11.203 |
10.530 |
25.933 |
|
(d) Long-term
provisions |
12.754 |
8.665 |
15.926 |
|
Total Non-current
Liabilities (3) |
291.189 |
178.835 |
121.248 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
722.322 |
782.117 |
703.597 |
|
(b) Trade
payables |
747.749 |
888.676 |
544.350 |
|
(c) Other
current liabilities |
165.557 |
257.468 |
313.952 |
|
(d) Short-term
provisions |
12.268 |
21.504 |
56.565 |
|
Total Current Liabilities
(4) |
1647.896 |
1949.765 |
1618.464 |
|
|
|
|
|
|
TOTAL |
2841.882 |
2974.191 |
2480.410 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
386.284 |
452.115 |
367.383 |
|
(ii)
Intangible Assets |
12.175 |
12.972 |
17.365 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.064 |
5.741 |
0.000 |
|
(b) Non-current Investments |
275.198 |
275.198 |
213.343 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
180.185 |
176.523 |
178.268 |
|
(e) Other
Non-current assets |
0.488 |
0.483 |
0.652 |
|
Total Non-Current
Assets |
854.394 |
923.032 |
777.011 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
634.810 |
568.200 |
429.791 |
|
(c) Trade
receivables |
1200.462 |
1330.228 |
914.889 |
|
(d) Cash
and cash equivalents |
65.805 |
60.147 |
53.558 |
|
(e) Short-term
loans and advances |
81.431 |
90.071 |
301.201 |
|
(f) Other
current assets |
4.980 |
2.513 |
3.960 |
|
Total
Current Assets |
1987.488 |
2051.159 |
1703.399 |
|
|
|
|
|
|
TOTAL |
2841.882 |
2974.191 |
2480.410 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2009.880 |
2221.285 |
1887.592 |
|
|
Other Income |
54.472 |
11.732 |
28.139 |
|
|
TOTAL |
2064.352 |
2233.017 |
1915.731 |
|
|
|
[Due to less orders] |
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
882.034 |
925.970 |
773.483 |
|
|
Purchases of
Stock-in-Trade |
277.779 |
300.301 |
247.783 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(65.565) |
(19.022) |
(37.661) |
|
|
Employee benefit expense |
272.184 |
252.853 |
230.483 |
|
|
Other expenses |
425.881 |
478.828 |
369.253 |
|
|
TOTAL |
1792.313 |
1938.930 |
1583.341 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
272.039 |
294.087 |
332.390 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
102.001 |
99.733 |
89.348 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
170.038 |
194.354 |
243.042 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
78.592 |
62.262 |
58.150 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
91.446 |
132.092 |
184.892 |
|
|
|
|
|
|
|
Less |
TAX |
34.240 |
50.799 |
74.036 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
57.206 |
81.293 |
110.856 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
104.368 |
86.199 |
171.119 |
|
|
TOTAL EARNINGS |
104.368 |
86.199 |
171.119 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
516.628 |
656.626 |
466.241 |
|
|
Capital Goods |
0.000 |
2.152 |
1.255 |
|
|
TOTAL IMPORTS |
516.628 |
658.777 |
467.496 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1144.00 |
1894.00 |
2771.42 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
4.271 |
5.410 |
14.112 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
124.718 |
(42.913) |
144.751 |
|
Net cash flows from (used in) operating activities |
80.464 |
(110.318) |
133.804 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
218.01 |
218.58 |
176.91 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1.67 |
1.67 |
2.06 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
235.32 |
264.51 |
194.55 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.43 |
0.52 |
0.77 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.68 |
0.62 |
0.86 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.64 |
0.68 |
0.66 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.00 |
1.02 |
0.99 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.83 |
2.31 |
2.19 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.44 |
0.56 |
0.52 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.67 |
2.95 |
3.72 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
2.85 |
3.66 |
5.87 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.01 |
2.73 |
4.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.34 |
9.61 |
14.97 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.21 |
1.05 |
1.05 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.82 |
0.76 |
0.79 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.32 |
0.28 |
0.30 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
180.69 |
171.70 |
182.92 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.21 |
1.05 |
1.05 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in 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 |
4.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
736.698 |
840.591 |
897.797 |
|
Net
worth |
740.698 |
845.591 |
902.797 |
|
|
|
|
|
|
Long-term borrowings |
13.966 |
70.977 |
176.864 |
|
Short term borrowings |
703.597 |
782.117 |
722.322 |
|
Current maturities of
long-term debts |
14.112 |
5.410 |
4.271 |
|
Total
borrowings |
731.675 |
858.504 |
903.457 |
|
Debt/Equity
ratio |
0.988 |
1.015 |
1.001 |
%20PRIVATE%20LIMITED%20-%20487256%2020-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 |
1887.592 |
2221.285 |
2009.880 |
|
|
|
17.678 |
(9.517) |
%20PRIVATE%20LIMITED%20-%20487256%2020-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 |
1887.592 |
2221.285 |
2009.880 |
|
Profit/ (Loss) |
110.856 |
81.293 |
57.206 |
|
|
5.87
% |
3.66
% |
2.85
% |
%20PRIVATE%20LIMITED%20-%20487256%2020-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 |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
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% |
Yes |
|
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 |
GENERAL INFORMATION
The company was incorporated as limited liability company as on November 19, 1991 under the Companies Act, 1956. The company is engaged in the business of manufacturing water treatment systems, water pollution control equipment, bio filters and resource recovery systems using membrane technology.
COMPANY PROFILE
The company was registered on 19th November 1991 under Indian Companies Act 1956.
The Company’s aim was to enter the field of Water Purification and accordingly the Company, then, entered into Technical Collaboration with Rochem Group A.G. This collaboration made it possible for the company to offer following systems:
1. Reverse Osmosis (RO):
The majority of dissolved salts, organics, bacteria and suspended solids are unable to physically pass through the membrane and are discharged in the concentrate. The permeate / pure water is recovered.
2. Nano filtration (Nano):
Almost like RO, it also removes many of the harmful metals and organics. However, it will allow sodium chloride (salt) to pass through.
3. Ultra-Filtration:
This membrane process is used to separate large molecular substances. It will reject all bacteria and is effective to disinfect domestic water supplies.
Considering the Indian Market and the competition the Company decided to enter the market concentrating on –
Sea Water Desalination as First Phase.
Ground / Brackish Water Desalination as Second Phase.
Industrial Waste Water Purification for Recycling and Reuse.
TECHNOLOGY:
Company uses Rochem’s Plate Tube Type Membrane Modules which has many Operational Advantages over the other Membrane Systems available in the market.
FM MODULE:
A flat membrane Module uses patented concept of a membrane cushion stack with completely open feed channels in combination with straight through feed flow. The vertical placement of Modules in combination with feed air / water flushing allows membrane cleaning and a stable operation for long periods without use of chemical cleaning agents.
PERFORMANCE:
As a result of superior technology the Company established itself as leaders in Sea Water Desalination Selling over 400 Plants of various capacities in India.
Having established its Sea Water Desalination business a system was developed to Desalination Ground / Brackish Water in 1995. They have their systems working satisfactorily at 300 locations where Water Quality was the main consideration.
During this period, the company had been developing know-how for treatment of Industrial Waste Water in Industries like Distilleries, Tanneries, Textiles, Chemicals, Pharmaceuticals, and Petrochemicals etc. They now have > 110 waste water recycling plants over India, Jordan, Thailand, Sri Lanka, Vietnam and the Philippines.
Today after nearly 20 years of dedicated work and support from Collaborators their company is in a position to treat all kinds of Water.
The Company offers its technology to overcome the ever increasing Water Shortages and Water Costs.
A technology which besides being reliable is in-expensive in the long run.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
135.136 |
0.000 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
0.000 |
78.774 |
|
|
|
|
|
Total |
135.136 |
78.774 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G33460676 |
100072310 |
STANDARD
CHARTERED BANK |
12/01/2017 |
- |
- |
38000000.0 |
CRESCENZO, 3A/F,
PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST MUMBAI
MH400051IN |
|
2 |
C70419882 |
10603144 |
STANDARD
CHARTERED BANK |
24/09/2015 |
- |
- |
16000000.0 |
SME CREDIT,
CRESCENZO, 3A/F, PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA
EAST MUMBAI MH400051IN |
|
3 |
B75962563 |
10428332 |
BANK OF INDIA |
12/04/2013 |
- |
- |
50000000.0 |
PUNE MID
CORPORATE BRANCH1162/6, SHIVAJI NAGAR, UNIVERSITY ROAD, PUNE MH411005IN |
|
4 |
C70467188 |
10369854 |
BANK OF INDIA |
25/06/2012 |
28/10/2015 |
- |
335000000.0 |
1162/6,
SHIVAJINAGAR, UNIVERSITY ROAD,PUNE – 411005 PUNE MH411005IN |
|
5 |
B27446558 |
10322112 |
STANDARD
CHARTERED BANK |
21/10/2011 |
- |
- |
414288820.53 |
SME CREDIT,
CRESCENZO, 3A/F, PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA
MUMBAI MH400051IN |
|
6 |
G39561923 |
10288870 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
25/05/2011 |
16/03/2017 |
- |
35000000.0 |
ONE FORBES, DR.
V. B. GANDHI MARG, FORT, MUMBAI MH400001IN |
|
7 |
B04659744 |
10261031 |
IDBI BANK
LIMITED |
10/08/2010 |
15/10/2010 |
- |
200000000.0 |
IDBI TOWER WTC
COMPLEX CUFFE PARADE MUMBAI MH400005IN |
|
8 |
A52901287 |
10134350 |
3I INFOTECH
TRUSTEESHIP SERVICES LIMITED |
27/10/2008 |
- |
- |
25000000.0 |
3RD TO 6TH
FLOOR, INTERNATIONAL INFOTECH PARK, TOWER NO.5, VASHI RAILWAY STATION COMPLEX,
VASHI NAVI MUMBAI MH400703IN |
|
9 |
A24595696 |
10071043 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
27/08/2007 |
- |
- |
529000.0 |
TILAK ROAD
BRANCH, 991, SHUKRAWAR PETH,TILAK ROAD, PUNE MH411002IN |
|
10 |
G08139677 |
10068184 |
STANDARD CHARTERED
BANK |
13/08/2007 |
25/05/2016 |
- |
375000000.0 |
SME CREDIT,
CRESCENZO, 3A/F, PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA
EAST MUMBAI MH400051IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.72 |
|
|
1 |
INR 88.64 |
|
Euro |
1 |
INR 78.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
YES |
|
--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.