|
|
|
MIRA INFORM REPORT
|
Report No. : |
487385 |
|
Report Date : |
22.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ENPRO INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. A-17, H Block, MIDC, Pimpri, Pune – 411018, Maharashtra |
|
Tel. No.: |
91-20 66313100/ 40739222 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
15.03.1999 |
|
|
|
|
Com. Reg. No.: |
11-013421 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 201.727 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210PN1999PTC013421 |
|
|
|
|
IEC No.: |
3193006203 |
|
|
|
|
GSTIN/UIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE6137H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and designing of Mechanical Fluid Systems like
Lube Oil System, Chemical Dosing System and Skid mounted Piping Assembly.
(Registered Activity) |
|
|
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1999. It is engaged into manufacturing
and designing of mechanical fluid systems like lube oil system, chemical
dosing system and skid mounted piping assembly. For the financial year 2017, the company has achieved slight growth in
its revenue as compared to the previous year along with a fair profit margin
of 11.94%. The sound financial risk profile of the company is marked by adequate
net worth base along with comfortable debt balance sheet profile. Rating takes into account the subjects long established track record
of business operations along with extensive experience of its promoters. Payments are reported to be usually correct. In view of 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.
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 22.01.2018
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
Management Non-Cooperative (91-20-66313100)
LOCATIONS
|
Registered Office / Headquarter: |
Plot No. A-17, H Block, MIDC, Pimpri, Pune – 411018, Maharashtra, India |
|
Tel. No.: |
91-20 66313100/ 40739222/27478292 |
|
Fax No.: |
91-20-27470909 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
D 12/4, MIDC, Chinchwad, Pune – 411019, Maharashtra, India |
|
Tel. No.: |
91-20-67308000/ 66113656/ 27478292 |
|
Fax No.: |
91-20-27478292 |
|
|
|
|
Factory : |
Gat No.215/3, 216/2, 218/1, 218/2, 219/1, 219/2, Alandi Markal Road,
Pune – 412105, Maharashtra, India |
|
Area : |
5.5 Acres |
|
Location : |
Owned |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Srikrishna Bhargav Karkare |
|
Designation : |
Managing Director |
|
Address : |
378, Sector 24, PCNT, Nigdi, Pune – 411044, Maharashtra, India |
|
Date of Birth/Age : |
13.10.1959 |
|
Qualification: |
B. Tech .(Mechanical) |
|
Date of Appointment : |
15.03.1999 |
|
PAN No.: |
ABJPK2889F |
|
DIN No.: |
00409347 |
|
|
|
|
Name : |
Mrs. Alka Srikrishna Karkare |
|
Designation : |
Whole Time Director |
|
Address : |
378, Sector 24, PCNT, Nigdi, Pune – 411044, Maharashtra, India |
|
Date of Birth/Age : |
21.10.1959 |
|
Qualification: |
B.Tech. (Chemical) |
|
Date of Appointment : |
15.03.1999 |
|
PAN No.: |
ABJPK2888E |
|
DIN No.: |
00409408 |
|
|
|
|
|
|
|
Name : |
Mr. Vinesh Prabhakar Sadekar |
|
Designation : |
Director |
|
Address : |
501, Shree Yashraj Paranjape, Scheme 'A', Road No.3, Vile Parle, Mumbai- 400057, Maharashtra, India |
|
Date of Birth/Age : |
24.03.1956 |
|
Qualification: |
B.E.(Chemical) |
|
Date of Appointment : |
01.01.2016 |
|
DIN No.: |
00046815 |
|
PAN No.: |
AARPS9410M |
KEY EXECUTIVES
|
Name : |
Mrs. Shilpa Rajshekhar Pawase |
|
Designation : |
Company Secretary |
|
Address : |
Building-A1/201, 2nd Floor, Neo Regal, Sector-6, Spine Road, PCNTDA, Moshi Pradhikaran, Pune 412105, Maharashtra, India |
|
Date of Birth/Age |
23.12.1983 |
|
Date of Appointment : |
23.11.2015 |
|
PAN No.: |
BPCPP9382Q |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Srikrishna Bhargav Karkare |
12120000 |
|
Alka Srikrishna Karkare |
7270108 |
|
Siddharth Srikrishna Karkare |
391300 |
|
Anuj Srikrishna Karkare |
391292 |
|
Total |
20172700 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
96.12 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
3.88 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and designing of Mechanical Fluid Systems like Lube Oil System, Chemical Dosing System and Skid mounted Piping Assembly. (Registered Activity) |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Available |
||||||||
|
|
|
||||||||
|
Agencies Held : |
Not Available |
||||||||
|
|
|
||||||||
|
Exports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Imports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
R M Rajapurkar and Company Chartered Accountants |
|
Address : |
1, Regent Avenue, Sambhaji Chowk, Pradhikaran, Pune,
Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AARPR6603D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20250000 |
Equity Shares |
INR 10/- each |
INR 202.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20172700 |
Equity Shares |
INR 10/- each |
INR 201.727 Million |
|
|
|
|
|
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 |
201.727 |
201.727 |
50.432 |
|
(b) Reserves &
Surplus |
647.869 |
388.460 |
425.870 |
|
(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) |
849.596 |
590.187 |
476.302 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
174.174 |
120.297 |
100.006 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
174.174 |
120.297 |
100.006 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
916.733 |
846.087 |
726.101 |
|
(b) Trade payables |
228.646 |
128.282 |
226.306 |
|
(c) Other current
liabilities |
345.861 |
535.238 |
433.756 |
|
(d) Short-term provisions |
205.787 |
115.649 |
72.577 |
|
Total Current Liabilities
(4) |
1697.027 |
1625.256 |
1458.740 |
|
|
|
|
|
|
TOTAL |
2720.797 |
2335.740 |
2035.048 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
425.846 |
425.534 |
415.124 |
|
(ii) Intangible Assets |
1.993 |
2.598 |
2.904 |
|
(iii) Capital
work-in-progress |
16.587 |
4.211 |
1.496 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.025 |
0.025 |
0.025 |
|
(c) Deferred tax assets
(net) |
1.585 |
1.981 |
-0.800 |
|
(d) Long-term Loan and Advances |
2.655 |
2.663 |
2.652 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
448.691 |
437.012 |
421.401 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
360.000 |
0.000 |
0.000 |
|
(b) Inventories |
673.160 |
738.019 |
752.719 |
|
(c) Trade receivables |
748.764 |
642.173 |
511.437 |
|
(d) Cash and cash
equivalents |
120.334 |
100.815 |
72.332 |
|
(e) Short-term loans and
advances |
223.448 |
202.588 |
86.638 |
|
(f) Other current assets |
146.400 |
215.133 |
190.521 |
|
Total Current Assets |
2272.106 |
1898.728 |
1613.647 |
|
|
|
|
|
|
TOTAL |
2720.797 |
2335.740 |
2035.048 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2164.324 |
2143.662 |
1601.142 |
|
|
Other Income |
69.990 |
68.075 |
26.954 |
|
|
TOTAL |
2234.314 |
2211.737 |
1628.096 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1211.252 |
1323.961 |
1211.703 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
31.597 |
11.265 |
(142.535) |
|
|
Expenditure on production,
transportation and |
0.000 |
0.000 |
42.407 |
|
|
Employees
benefits expense |
225.106 |
197.130 |
151.125 |
|
|
CSR
expenditure |
1.449 |
1.005 |
1.011 |
|
|
Other expenses |
245.653 |
283.975 |
108.069 |
|
|
TOTAL |
1715.057 |
1817.336 |
1371.780 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
519.257 |
394.401 |
256.316 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
105.772 |
163.073 |
105.609 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
413.485 |
231.328 |
150.707 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
40.786 |
46.74 |
54.109 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
372.699 |
184.588 |
96.598 |
|
|
|
|
|
|
|
Less |
TAX |
114.230 |
64.911 |
31.676 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
258.469 |
119.677 |
64.922 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1454.910 |
957.639 |
894.761 |
|
|
TOTAL EARNINGS |
1454.910 |
957.639 |
894.761 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
12.81 |
5.93 |
3.22 |
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 flows from (used in) operations |
22.744 |
226.879 |
136.363 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
22.744 |
226.879 |
132.154 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
126.27 |
109.34 |
116.59 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.89 |
3.34 |
3.13 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
68.90 |
35.37 |
68.17 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.77 |
0.53 |
0.34 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.17 |
0.91 |
0.61 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.69 |
0.75 |
0.77 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.28 |
1.64 |
1.73 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.00 |
2.75 |
3.06 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.52 |
0.73 |
0.88 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.91 |
2.42 |
2.43 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
11.94 |
5.58 |
4.05 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
9.50 |
5.12 |
3.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
30.42 |
20.28 |
13.63 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.34 |
1.17 |
1.11 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.94 |
0.71 |
0.59 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.31 |
0.25 |
0.23 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.41 |
4.79 |
16.38 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.34 |
1.17 |
1.11 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
50.432 |
201.727 |
201.727 |
|
Reserves & Surplus |
425.870 |
388.460 |
647.869 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
476.302 |
590.187 |
849.596 |
|
|
|
|
|
|
Long Term borrowings |
100.006 |
120.297 |
174.174 |
|
Short Term borrowings |
726.101 |
846.087 |
916.733 |
|
Total
borrowings |
826.107 |
966.384 |
1090.907 |
|
Debt/Equity
ratio |
1.734 |
1.637 |
1.284 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
1601.142 |
2143.662 |
2164.324 |
|
|
|
33.883 |
0.964 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
1601.142 |
2143.662 |
2164.324 |
|
Profit |
64.922 |
119.677 |
258.469 |
|
|
4.05% |
5.58% |
11.94% |
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 |
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) |
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 |
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 |
NOTE: Registered office of the company has been
shifted from D 12/4 MIDC, Chinchwad, Pune 411019, Maharashtra, India to the present address w.e.f. 01.04.2014
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Other loans and advances, others |
105.200 |
55.200 |
|
SHORT TERM
BORROWING |
|
|
|
Other loans and advances, others |
0.466 |
0.000 |
|
Total |
105.666 |
55.200 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
AMOUNT |
ADDRESS |
|
1 |
G46457628 |
100104317 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
25/05/2017 |
3736000.0 |
S. NO. 127, TELCO
ROAD OPP. HOTEL PANCHASHEELMOHAN NAGAR CHINCHWADPUNEMH411019IN |
|
2 |
G41572363 |
100091482 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
29/03/2017 |
50000000.0 |
C-2, KOHINOOR
ESTATE CO-OPERATIVE HOUSING SOCIETYPLOT NO. 12, MULA ROAD,
SANGAMWADIPUNEMH411003IN |
|
3 |
G41610502 |
100091679 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
29/03/2017 |
40000000.0 |
C-2, KOHINOOR
ESTATE CO-OPERATIVE HOUSING SOCIETYPLOT NO. 12, MULA ROAD,
SANGAMWADIPUNEMH411003IN |
|
4 |
G34001131 |
100073586 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
31/12/2016 |
292000.0 |
S. NO. 127, TELCO
ROAD OPP. HOTEL PANCHASHEELMOHAN NAGAR CHINCHWADPUNEMH411019IN |
|
5 |
G33998568 |
100073581 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
27/12/2016 |
227000.0 |
S. NO. 127, TELCO ROAD
OPP. HOTEL PANCHASHEELMOHAN NAGAR CHINCHWADPUNEMH411019IN |
|
6 |
G31030513 |
100067749 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
29/11/2016 |
1017000.0 |
S. NO. 127, TELCO
ROAD OPP. HOTEL PANCHASHEELMOHAN NAGAR CHINCHWADPUNEMH411019IN |
|
7 |
G31029770 |
100067750 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
29/11/2016 |
1000000.0 |
S. NO. 127, TELCO
ROAD OPP. HOTEL PANCHASHEELMOHAN NAGAR CHINCHWADPUNEMH411019IN |
|
8 |
G30146187 |
100066505 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
21/11/2016 |
1189000.0 |
S. NO. 127, TELCO
ROAD OPP. HOTEL PANCHASHEELMOHAN NAGAR CHINCHWADPUNEMH411019IN |
|
9 |
G01493386 |
100019709 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
18/03/2016 |
130000000.0 |
JEEVAN SHREE' BUILDING,
GROUND FLOOR, S.NO.1109,PLOT NO.488, UNIVERSITY ROAD,
SHIVAJINAGARPUNEMH411016IN |
|
10 |
C76996297 |
10615794 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
14/12/2015 |
235000000.0 |
C-2, KOHINOOR ESTATE
CO-OPERATIVE HOUSING SOCIETY,PLOT NO.12, MULA ROAD, SANGAMWADI,PUNEMH411003IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Books periodicals
Intangible assets
- Computer software
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 63.72 |
|
|
1 |
INR 88.64 |
|
Euro |
1 |
INR 78.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KVT |
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.