|
|
|
MIRA INFORM REPORT
|
Report No. : |
487143 |
|
Report Date : |
23.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ALTECH ALLOYS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. A-83/2, Phase – I, MIDC Kagal-Hatkanangale Industrial
Area, At Post Halsawade, Taluka: Kagal, District: Kolhapur – 416216,
Maharashtra |
|
Tel. No.: |
91-231-2305054 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
25.04.2005 |
|
|
|
|
Com. Reg. No.: |
11-020618 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 26.305 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27203PN2005PTC020618 |
|
|
|
|
IEC No.: |
3105010653 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAFCA2178K |
|
|
|
|
GSTIN/UIN : |
Not Divulged |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in manufacturing and selling of Aluminum Castings,
Hot Top Sleeves Hexa Floro Ethylen S G Iron Castings and Trading of Ceramic
Foam Filters. (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 : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 46200 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
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Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 2005. The company is manufacturer
and seller of Aluminum Castings, Hot Top Sleeves Hexa Floro Ethylen S G Iron
Castings and Trader of Ceramic Foam Filters. Management has not filed its financial record with government
department for the year 2017 and same are not available from any other sources. For the financial year ended 2016, the company has earned an average
growth of 1.73% in its revenue as compared to the previous year but has
incurred operational losses. Rating takes into consideration the company’s moderate scale of
business operations marked by improving networth base due to equity infusion
by its promoters. However, rating is constrained on account of high debt balance sheet
profile and negative reserve base. Business is active. Payments are reported to be slow. In view of aforesaid, the company can be considered for business
dealings with great caution. |
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 23.01.2018
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. Joshi |
|
Designation : |
Office Executive |
|
Contact No.: |
91-231-2305054 |
|
Date : |
19.01.2018 |
LOCATIONS
|
Registered Office : |
Plot No. A-83/2, Phase – I, MIDC Kagal-Hatkanangale Industrial Area,
At Post Halsawade, Taluka: Kagal, District: Kolhapur – 416216, Maharashtra,
India |
|
Tel. No.: |
91-231-2305054 |
|
Fax No.: |
91-231-2305053 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 2017
|
Name : |
Mr. Satish Ravaji Kadukar |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
F/4, Narayan Vihar, Opposite Water Tank, Rajendra Nagar, Kolhapur –
416004, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
16.03.1969 |
||||||||||||
|
Date of Appointment : |
25.04.2005 |
||||||||||||
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DIN No.: |
00006764 |
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Other Directorship:
|
|||||||||||||
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|
||||||||||||
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Name : |
Mr. Gajanan Ravaji Kadukar |
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|
Designation : |
Director |
||||||||||||
|
Address : |
383/E, Sushila Apartment, Rajarampuri, 12th Lane, Kolhapur – 416008,
Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
14.09.1961 |
||||||||||||
|
Date of Appointment : |
25.04.2005 |
||||||||||||
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DIN No.: |
00006775 |
||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Pradeep Balkrishna Tendulkar |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
17/243/B, Sainandan Park, Near Rama Udyan, Miraj – 416410,
Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
01.02.1967 |
||||||||||||
|
Date of Appointment : |
16.08.2012 |
||||||||||||
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DIN No.: |
03263480 |
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KEY EXECUTIVES
|
Name : |
Mr. Joshi |
|
Designation : |
Office Executive |
|
|
|
|
Name : |
Abhay Athavle |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. 10, Ankur Apartments, Sanewadi, ITI Road, Aundh, Pune – 411 007, Maharashtra, India |
|
Mobile No.: |
91-9767759567 |
|
E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 10.09.2016
|
Names of Shareholders |
|
No. of Shares |
|
Sanjeev Tungatkar |
|
531621 |
|
Uday Thite |
|
531624 |
|
Gajanan Kadukar |
|
478299 |
|
Vilas Jadhav |
|
434967 |
|
Satish Kadukar |
|
434969 |
|
Pradip Tendulkar |
|
218530 |
|
Vivekanand Kulkarni |
|
300 |
|
Narhari Kamat |
|
150 |
|
Asha Gund |
|
3 |
|
Lata Purandare |
|
2 |
|
Rajendra Rajguru |
|
1 |
|
Sushila Thakkar |
|
3 |
|
Snehmaee Bhonde |
|
1 |
|
Balkrishna Tungatkar |
|
1 |
|
Swati Awate |
|
1 |
|
Mona Joshi |
|
1 |
|
Nalini Nene |
|
1 |
|
Rajeshkumar Khare |
|
1 |
|
Sunanda Khare |
|
2 |
|
Sanjiwani Avchat |
|
1 |
|
Vasant P Tapaswi |
|
1 |
|
Vaishali Tapaswi |
|
1 |
|
Total |
|
2630480 |
Equity Share Break up (Percentage of Total Equity)
As on 10.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
91.67 |
|
Public/Other than promoters (Individual/Hindu Undivided Family- Indian) |
8.33 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing and selling of Aluminum Castings, Hot
Top Sleeves Hexa Floro Ethylen S G Iron Castings and Trading of Ceramic Foam
Filters. (Registered activity) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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|
||||||||||
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : (As per indirect source) |
Ferrous Industries
Non Ferrous
Industries
|
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No. of Employees : |
Information declined by the management |
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Bankers : (As on 2015) |
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Facilities : |
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Auditors : |
|
|
Name : |
Kedar Kumbhojkar and Company Chartered Accountants |
|
Address : |
5/6, Trade Centre, Station Road, Kolhapur – 416001, Maharashtra, India
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAPFK7020B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprise over which key managerial personal are able to exercise
significant influence : (As on 31.03.2016) |
|
CAPITAL STRUCTURE
As on 10.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2750000 |
Equity Shares |
INR 10/- each |
INR 27.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2630480 |
Equity Shares |
INR 10/- each |
INR 26.305
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
26.305 |
18.605 |
18.605 |
|
(b) Reserves &
Surplus |
(10.130) |
(11.737) |
(5.977) |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
7.500 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
16.175 |
14.368 |
12.628 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
77.943 |
72.259 |
93.037 |
|
(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) |
77.943 |
72.259 |
93.037 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
53.718 |
57.004 |
50.777 |
|
(b) Trade payables |
61.203 |
62.220 |
40.433 |
|
(c) Other current
liabilities |
28.836 |
26.774 |
5.712 |
|
(d) Short-term provisions |
4.662 |
4.101 |
3.009 |
|
Total Current Liabilities
(4) |
148.419 |
150.099 |
99.931 |
|
|
|
|
|
|
TOTAL |
242.537 |
236.726 |
205.596 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
131.985 |
134.403 |
133.813 |
|
(ii) Intangible Assets |
0.090 |
0.151 |
0.215 |
|
(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 |
2.600 |
1.600 |
1.300 |
|
(c) Deferred tax assets
(net) |
3.629 |
5.261 |
5.952 |
|
(d) Long-term Loan and Advances |
3.683 |
3.532 |
3.505 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
141.987 |
144.947 |
144.785 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
23.996 |
19.587 |
16.669 |
|
(c) Trade receivables |
68.629 |
64.437 |
41.353 |
|
(d) Cash and cash
equivalents |
5.867 |
5.557 |
1.442 |
|
(e) Short-term loans and
advances |
1.656 |
1.958 |
0.972 |
|
(f) Other current assets |
0.402 |
0.240 |
0.375 |
|
Total Current Assets |
100.550 |
91.779 |
60.811 |
|
|
|
|
|
|
TOTAL |
242.537 |
236.726 |
205.596 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
285.084 |
280.244 |
181.249 |
|
|
Other Income |
1.532 |
1.054 |
0.868 |
|
|
TOTAL |
286.616 |
281.298 |
182.117 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
155.911 |
173.632 |
108.418 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.655) |
(0.720) |
0.418 |
|
|
Employees benefits
expense |
27.516 |
23.390 |
23.824 |
|
|
Other expenses |
72.047 |
60.981 |
37.667 |
|
|
TOTAL |
253.819 |
257.283 |
170.327 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
|
32.797 |
24.015 |
11.790 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
23.774 |
21.335 |
20.954 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
9.023 |
2.680 |
(9.164) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.792 |
7.704 |
6.463 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1.231 |
(5.024) |
(15.627) |
|
|
|
|
|
|
|
Less |
TAX |
1.713 |
0.722 |
0.024 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(0.482) |
(5.746) |
(15.651) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Revenue from Export Sale |
14.314 |
10.816 |
12.652 |
|
|
TOTAL EARNINGS |
14.314 |
10.816 |
12.652 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
10.112 |
10.135 |
7.355 |
|
|
TOTAL IMPORTS |
10.112 |
10.135 |
7.355 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(0.18) |
(2.18) |
NA |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
25.296 |
22.839 |
1.800 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
20.137 |
28.542 |
23.600 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
87.87 |
83.93 |
83.28 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
4.15 |
4.35 |
4.38 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
143.28 |
130.80 |
136.12 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.37 |
1.23 |
0.71 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.25 |
0.18 |
0.09 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.04 |
1.04 |
0.95 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
9.70 |
10.59 |
11.53 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
9.18 |
10.45 |
7.91 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
8.17 |
9.36 |
10.61 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.38 |
1.13 |
0.56 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
(0.17) |
(2.05) |
(8.64) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(0.20) |
(2.43) |
(7.61) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(2.98) |
(39.99) |
(123.94) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.68 |
0.61 |
0.61 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.52 |
0.48 |
0.44 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.07 |
0.06 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.97 |
8.18 |
7.83 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.68 |
0.61 |
0.61 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
18.605 |
18.605 |
26.305 |
|
Reserves & Surplus |
(5.977) |
(11.737) |
(10.130) |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
7.500 |
0.000 |
|
Net worth |
12.628 |
14.368 |
16.175 |
|
|
|
|
|
|
long-term borrowings |
93.037 |
72.259 |
77.943 |
|
Short term borrowings |
50.777 |
57.004 |
53.718 |
|
Current Maturities of
Long term debt |
1.800 |
22.839 |
25.296 |
|
Total borrowings |
145.614 |
152.102 |
156.957 |
|
Debt/Equity ratio |
11.531 |
10.586 |
9.704 |
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 |
181.249 |
280.244 |
285.084 |
|
|
|
54.618 |
1.727 |
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 |
181.249 |
280.244 |
285.084 |
|
Profit/ (Loss) |
(15.651) |
(5.746) |
(0.482) |
|
|
(8.64%) |
(2.05%) |
(0.17%) |
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
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 |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BACKGROUND (As on 31.03.2016)
The company is a private company domiciled in India and
incorporated under the provisions of the companies act, 1956. The company was
incorporated on 25th April, 2005 and has its registered office at Kagal-Hathknangale MIDC,
Kolkapur, Maharashtra-INDIA.
The company is engaged in manufacturing and selling of Aluminum Castings, Hot Top Sleeves, Hexa Floro Ethylen S G Iron Castings and Trading of Ceramic Foam Filters.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans from Shareholders |
18.824 |
16.205 |
|
|
|
|
|
Total |
18.824 |
16.205 |
INDEX
OF CHARGES
|
Charges Registered |
||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Amount |
Address |
|
1 |
C66348616 |
10595295 |
JANATA SAHAKARI BANK LIMITED |
23/09/2015 |
20000000.0 |
1444, Shukrawar Peth, Thorale Bajirao Road Laxmi Puri, Kolhapur branch PUNE MAHARASHTRA 411002 INDIA |
|
2 |
C52468667 |
10567117 |
JANATA SAHAKARI BANK LIMITED |
09/01/2015 |
42000000.0 |
KOLHAPUR BRANCH 1436, C WARD, LAXMIPURI KOLHAPUR MAHARASHTRA 416002 INDIA |
|
3 |
B81252736 |
10441179 |
JANATA SAHAKARI BANK LIMITED |
12/07/2013 |
2200000.0 |
KOLHAPUR BRANCH 1436, C WARD, LAXMIPURI KOLHAPUR MAHARASHTRA 416002 INDIA |
|
4 |
B81253791 |
10441182 |
JANATA SAHAKARI BANK LIMITED |
12/07/2013 |
3700000.0 |
KOLHAPUR BRANCH 1436, C WARD, LAXMIPURI KOLHAPUR MAHARASHTRA 416002 INDIA |
|
5 |
B65122608 |
10394850 |
JANATA SAHAKARI BANK LIMITED PUNE |
29/11/2012 |
9000000.0 |
KOLHAPUR BRANCH 1436, C WARD, LAXMIPURI KOLHAPUR MAHARASHTRA 416002 INDIA |
|
6 |
B44629111 |
10367864 |
JANATA SAHAKARI BANK LIMITED PUNE |
13/07/2012 |
10000000.0 |
KOLHAPUR BRANCH 1436, C WARD, LAXMIPURI KOLHAPUR MAHARASHTRA 416002 INDIA |
|
7 |
B44628824 |
10367862 |
JANATA SAHAKARI BANK LIMITED PUNE |
13/07/2012 |
10000000.0 |
KOLHAPUR BRANCH 1436, C WARD, LAXMIPURI KOLHAPUR MAHARASHTRA 416002 INDIA |
|
8 |
B27018324 |
10321389 |
JANATA SAHAKARI BANK LIMITED PUNE |
05/11/2011 |
16000000.0 |
KOLHAPUR BRANCH 1436, C WARD, LAXMIPURI KOLHAPUR MAHARASHTRA 416002 INDIA |
|
9 |
B20498952 |
10306170 |
JANATA SAHAKARI BANK LIMITED PUN |
22/07/2011 |
101570000.0 |
KOLHAPUR BRANCH 1436, C WARD, LAXMIPURI KOLHAPUR MAHARASHTRA 416002 INDIA |
|
10 |
B11474350 |
10282887 |
JANATA SAHAKARI BANK LIMITED PUNE |
18/04/2011 |
5000000.0 |
KOLHAPUR BRANCH KOLHAPUR MAHARASHTRA 416001 INDIA |
FIXED ASSETS
- Leasehold Land
- Building
- Electrical Installation
- Plant and Machinery
- Pollution Control Equipment
- Furniture
- Office Equipment
- Computer
- Vehicle
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 63.88 |
|
|
1 |
INR 88.59 |
|
Euro |
1 |
INR 78.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
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.