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|
MIRA INFORM REPORT
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Report No. : |
488121 |
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Report Date : |
25.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
NIXIE ENGINEERS PRIVATE LIMITED |
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Registered
Office : |
CTS No. 6, Plot No. 885, Above Hotel Sweekar, Erandawane,
Off. Karve Road, Pune – 411004, Maharashtra |
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Tel. No.: |
91-20-25435800 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
22.03.2005 |
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Com. Reg. No.: |
11-135386 |
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Capital
Investment / Paid-up Capital : |
INR 8.238 Million |
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CIN No.: [Company Identification
No.] |
U28930PN2005PTC135386 |
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IEC No.: |
3108011880 |
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GSTIN/UIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCN0820G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Manufacturer and Sale of construction in Water
Plants and Assembling of Water Treatment Plant (Registered Activity) |
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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 : |
B |
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Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Maximum Credit Limit : |
USD 4900 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2005 having
moderate track record. For the financial year ended 2017, revenue of the company has sharply
declined which has further resulted into heavy loss incurred by the company. The rating is constrained on account of accumulated losses registered,
moderate liquidity and high debt level of the company. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be slow. The company can be considered for business dealings with some 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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
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 25.01.2018.
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.
NFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (91-20-25435800)
LOCATIONS
|
Registered Office : |
CTS No. 6, Plot No. 885, Above Hotel Sweekar, Erandawane,
Off. Karve Road, Pune – 411004, Maharashtra, India |
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Tel. No.: |
91-20-25435800 |
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Fax No.: |
91-20-25435800 |
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E-Mail : |
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Website : |
||
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Factory : |
C25, Government Industrial Area Udyambag, Belgaum – 590008, Karnataka,
India |
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Tel. No.: |
91-831-2441142/2533855 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Bharat Ramesh Gudi |
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Designation : |
Managing Director |
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Address : |
Plot No 44, Suraprabha, Yashwant Vihar, Nanawadi, Belgaum – 590009, Karnataka, India |
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Date of Birth/Age : |
28.03.1964 |
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PAN No.: |
ADMPG7037N |
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Date of Appointment : |
21.11.2011 |
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DIN No.: |
00135884 |
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Other Directorship:
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Name : |
Mr. Lalit Ramesh Bajare |
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Designation : |
Managing Director |
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Address : |
Pimpale Nagar, Near Ranpise Nagar, Akola – 444001, Maharashtra, India |
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Date of Birth/Age : |
24.01.1974 |
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PAN No.: |
ACCPB6754A |
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Date of Appointment : |
22.03.2005 |
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DIN No.: |
01185030 |
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Name : |
Mrs. Pooja Jaykumar Kale |
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Designation : |
Whole-time Director |
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Address : |
Flat No-C302, Aarav Infront of Yashwantrao Chavan Natya Griha Behind Mhatoba Mandir Kothr Ud, Pune – 411038, Maharashtra, India |
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Date of Birth/Age : |
02.01.1977 |
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PAN No.: |
ASTPK0500E |
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Date of Appointment : |
01.04.2015 |
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DIN No.: |
03634852 |
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Name : |
Mr. Anil Bhujangrao Jadhav |
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Designation : |
Director |
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Address : |
Apt/Blk 491h Tampines Street 45 #12-242 Singapore – 527491 |
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Date of Birth/Age : |
26.09.1964 |
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Date of Appointment : |
29.09.2012 |
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DIN No.: |
03636802 |
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Name : |
Mrs. Rupa Bharat Gudi |
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Designation : |
Director |
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Address : |
Plot No 44, Suraprabha, Yashwant Vihar, Nanawadi, Belgaum – 590009, Karnataka, India |
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Date of Birth/Age : |
08.06.1971 |
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PAN No.: |
ACAPG8692C |
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Date of Appointment : |
29.09.2012 |
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DIN No.: |
00136488 |
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Other Directorship:
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Name : |
Mr. Prasad Ramesh Gudi |
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Designation : |
Director |
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Address : |
Plot No 44, Suraprabha, Yashwant Vihar, Nanawadi, Belgaum – 590009, Karnataka, India |
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Date of Birth/Age : |
02.12.1961 |
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Pan No.: |
ADMPG7038D |
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Date of Appointment : |
29.09.2012 |
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DIN No.: |
00135684 |
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Other Directorship:
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Lalit Ramesh Gudi |
196718 |
|
Anita Anil Jadhav |
193750 |
|
Pooja Jaykumar Kale |
9227 |
|
Rotovac Pte. Limited, Singapore |
132397 |
|
Bharat Ramesh Gudi |
75847 |
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Prasad Ramesh Gudi |
71874 |
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Nandini Prasad Gudi |
67873 |
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Rupa Bharat Gudi |
63900 |
|
Anil Bhujangrao Jadhav |
12196 |
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Total |
823782 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
50.69 |
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Promoters -Individual/Hindu Undivided Family - Non-resident Indian (NRI) |
25.00 |
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Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
8.24 |
|
Public/Other than promoters- Others |
16.07 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Manufacturer and Sale of construction in Water
Plants and Assembling of Water Treatment Plant (Registered Activity) |
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Products : |
· Membrane Bioreactor · Online SDI Meter · Reverse Osmosis System · Sewage Treatment Plant · Two Bed DM Plant · Ultra Filtration System · Containerized RO and UF Plants |
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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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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
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Auditors : |
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Name : |
P. G. Bhagwat Chartered Accountant |
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Address : |
Ashirwad's Landmark, Block No. 104, Roy Road, Tilakwadi, Belgium –
590006, Karnataka, India |
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Income-tax PAN
of auditor or auditor's firm : |
AAAFB0762E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises over which KMP or relative of KMP are able to exercise significant
influence : |
·
CMC Commutators private Limited ·
Indo Vaccum Technologies Private Limited ·
Acme Flowtech Private Limited ·
Rotovac Pte. Limited ·
Shouel Technologies Pte. Limited |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1750000 |
Equity Shares |
INR 10/- each |
INR 17.500 Million |
|
250000 |
Preference shares |
INR 10/- each |
INR 2.500 Million |
|
|
Total |
|
INR
20.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
823782 |
Equity Shares |
INR 10/- each |
INR 8.238 Million |
|
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FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
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|
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
8.238 |
8.238 |
5.149 |
|
(b) Reserves &
Surplus |
(6.530) |
3.033 |
2.143 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
1.708 |
11.271 |
7.292 |
|
|
|
|
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|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
6.767 |
7.139 |
7.468 |
|
(b) Deferred tax
liabilities (Net) |
0.458 |
0.421 |
0.352 |
|
(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) |
7.225 |
7.560 |
7.820 |
|
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|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
13.033 |
11.316 |
29.202 |
|
(b) Trade payables |
0.589 |
0.787 |
1.984 |
|
(c) Other current
liabilities |
2.929 |
1.782 |
3.803 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
16.551 |
13.885 |
34.989 |
|
|
|
|
|
|
TOTAL |
25.484 |
32.716 |
50.101 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
11.200 |
11.664 |
12.534 |
|
(ii) Intangible Assets |
0.149 |
0.214 |
0.000 |
|
(iii) Capital
work-in-progress |
0.276 |
0.276 |
0.276 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.010 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.015 |
0.015 |
0.015 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.324 |
|
Total Non-Current Assets |
11.640 |
12.169 |
13.159 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2.546 |
2.604 |
2.464 |
|
(c) Trade receivables |
6.094 |
9.328 |
23.067 |
|
(d) Cash and cash
equivalents |
1.161 |
3.200 |
0.264 |
|
(e) Short-term loans and
advances |
0.590 |
1.999 |
8.165 |
|
(f) Other current assets |
3.453 |
3.416 |
2.982 |
|
Total Current Assets |
13.844 |
20.547 |
36.942 |
|
|
|
|
|
|
TOTAL |
25.484 |
32.716 |
50.101 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
11.693 |
39.877 |
40.148 |
|
|
Other Income |
0.378 |
1.216 |
1.144 |
|
|
TOTAL |
12.071 |
41.093 |
41.292 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
6.229 |
22.012 |
20.553 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.097 |
(0.015) |
1.189 |
|
|
Employees benefits
expense |
5.102 |
5.321 |
3.871 |
|
|
Other Manufacturer
expenses |
1.346 |
4.363 |
5.528 |
|
|
Other expenses |
5.311 |
4.233 |
2.719 |
|
|
TOTAL |
18.085 |
35.914 |
33.860 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
|
(6.014) |
5.179 |
7.432 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
2.054 |
3.543 |
2.374 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(8.068) |
1.636 |
5.058 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.187 |
1.295 |
1.348 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(9.255) |
0.341 |
3.710 |
|
|
|
|
|
|
|
Less |
TAX |
0.307 |
0.069 |
2.335 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(9.562) |
0.272 |
1.375 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
0.914 |
0.642 |
-0.716 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transitional adjustment
for depreciation |
0.000 |
0.000 |
0.017 |
|
|
Balance Carried to the
B/S |
(8.648) |
0.914 |
0.642 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Export and Services |
0.102 |
2.584 |
0.237 |
|
|
Export Goods |
8.809 |
34.065 |
33.674 |
|
|
TOTAL EARNINGS |
8.911 |
36.649 |
33.911 |
|
|
|
|
|
|
|
|
IMPORTS |
0.519 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(11.61) |
0.53 |
2.67 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.372 |
0.329 |
0.292 |
|
|
|
|
|
|
Cash generated from operations |
0.938 |
18.698 |
(20.199) |
|
|
|
|
|
|
Net cash flows from (used in) operations |
0.856 |
18.629 |
(20.769) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
190.23 |
85.38 |
209.71 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1.92 |
4.27 |
1.74 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
34.51 |
13.05 |
35.23 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
(2.36) |
1.99 |
3.02 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(0.52) |
0.43 |
0.58 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.93 |
0.65 |
0.85 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
11.81 |
1.67 |
5.07 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
9.69 |
1.23 |
4.80 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
6.81 |
1.08 |
1.76 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(2.93) |
1.46 |
3.13 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(81.78) |
0.68 |
3.42 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(37.52) |
0.83 |
2.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(559.84) |
2.41 |
18.86 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.84 |
1.48 |
1.06 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.68 |
1.29 |
0.99 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.07 |
0.34 |
0.15 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.45 |
2.28 |
7.18 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.84 |
1.48 |
1.06 |
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 |
5.149 |
8.238 |
8.238 |
|
Reserves & Surplus |
2.143 |
3.033 |
(6.530) |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
7.292 |
11.271 |
1.708 |
|
|
|
|
|
|
Long Term borrowings |
7.468 |
7.139 |
6.767 |
|
Short Term borrowings |
29.202 |
11.316 |
13.033 |
|
Current Maturities of Long term debt |
0.292 |
0.329 |
0.372 |
|
Total
borrowings |
36.962 |
18.784 |
20.172 |
|
Debt/Equity
ratio |
5.069 |
1.667 |
11.810 |
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
|
40.148 |
39.877 |
11.693 |
|
|
|
(0.675) |
(70.677) |
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
|
40.148 |
39.877 |
11.693 |
|
Profit |
1.375 |
0.272 |
(9.562) |
|
|
3.42% |
0.68% |
(81.78%) |
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 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted
from C/9/902, Shreeji Villa, Panchpakhadi, Near TMC Office, Thane (West), Thane
– 400602, Maharashtra, India to the present
address
CORPORATE INFORMATION
Incorporated on 22nd
March 2005, Subject is engaged in manufacturer and Sale of construction in Water
Plants and Assembling of Water Treatment Plant. The company’s Registered office
is located a # 5 5, Chinali Apartments, CTS No. 6, Plot No. 885, Above
Hotel Sweekar, Erandawane, Off. Karve Road, Pune – 411004, Maharashtra, India
and plant is located at C25, Government Industrial Area Udyambag, Belgaum – 590008, Karnataka,
India.
PERFORMANCE OF THE COMPANY AND FUTURE
OUTLOOK:
OVERALL VIEW
Revenue from operations has come down by 70.00% compared to previous year.
Expenses such as Salaries, Wages, Interest, Bank Charges, General repair and maintenance, professional charges, office expenses, travelling, conveyance and rent could not be absorbed due to stagnant sales resulting in lower profitability.
Expected domestic and export orders did not materialize due to competition and postponement of projects by customers.
Competition from low quality domestic manufacturers.
Lack of awareness and willingness of customers in this sector to invest.
Delay in decision making from Government resulting in delay of tenders.
Our company has obtained permission to represent Polypipe Group of UK in India for their various plumbing products both for industrial and real estate sector.
FUTURE OUTLOOK
Positive turnaround is expected in FY: 2017-18 as some of the projects are getting materialized.
Leveraging relationship with group companies based in Singapore and Australia.
Need to add experienced man power at senior and middle management levels.
The Company is in process of acquiring a global water treatment company which has worldwide reputation.
The Company is also in talks of acquiring an Indian based water treatment company having special expertise in pharma and chemical sectors having an established track record in India.
It is expected that various acquisition and inorganic growth of the company can do very quick expansion and scale up operations to the desired levels which are essential to bag government projects and shall have global footprint to secular larger orders in the domestic and global markets.
Tenders floated by the Govt. of Madhya Pradesh are expected to get materialized.
To strengthen our sales and marketing team the company has opened a branch office at Bhopal, M.P.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
SHORT TERM
BORROWING |
|
|
|
From directors |
1.000 |
0.000 |
|
Total |
1.000 |
0.000 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B41059304 |
10359270 |
ICICI BANK LIMITED |
08/06/2012 |
- |
- |
8400000.0 |
LANDMARKRACE
COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
2 |
G10469377 |
10341290 |
STATE BANK OF
INDIA |
13/02/2012 |
13/06/2016 |
- |
28000000.0 |
SME BRANCH, RAMESH
PRIDE, 1ST FLOOR,NEAR ARUN THEATRE, CONGRESS ROAD,
TILAKWADI,BELAGAVIKA590006IN |
|
3 |
C48453237 |
10372814 |
HDFC BANK LTD |
24/03/2012 |
- |
19/03/2015 |
874000.0 |
4830/28A, OPP. DISTRICT
HOSPITAL,DR. AMBEDKAR ROADBELGAUMKA590002IN |
FIXED ASSETS:
- Building
- Plant and Machinery
- Office Equipment’s
- Furniture and Fixtures
- Computer
- Vehicles
- Electricals and Fittings
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 63.64 |
|
|
1 |
INR 89.32 |
|
Euro |
1 |
INR 78.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
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.