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|
MIRA INFORM REPORT
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Report No. : |
516451 |
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Report Date : |
25.06.2018 |
IDENTIFICATION DETAILS
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Name : |
RISHABH INSTRUMENTS PRIVATE LIMITED |
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Registered
Office : |
A-54, Marol Industrial Area, Andheri (East), Mumbai – 400093,
Maharashtra |
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Tel. No.: |
91-253-2202160 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
06.10.1982 |
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CIN No.: [Company Identification
No.] |
U31100MH1982PTC028406 |
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Capital
Investment / Paid-up Capital : |
INR 275.482
Million |
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PAN No.: [Permanent Account No.] |
AAACR2228Q |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACR2228Q1Z2 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Designing, Development and Manufacturing of Test and Measuring Instruments and Industrial Control Products. [Registered Activity] |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1982 having
fine track record. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has achieved good profit margin at 9.70% [approx.]. The company possesses sound financial profile marked by healthy
networth base along with negligible debt recorded and favourable gap between
trade payables to its receivables. The company also derives strength from its established track record of
business operations. Fundaments of the company are strong and healthy. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular and as per commitment. 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term Rating = BBB |
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Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
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Date |
30.04.2018 |
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Rating Agency Name |
CRISIL |
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Rating |
Short term Rating = A3+ |
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Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
30.04.2018 |
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
31-03-2018.
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 25.06.2018
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 DECLINED
MANAGEMENT NON-COOPERATIVE
[CONTACT NO.: 91-253-2202202]
GIVEN NUMBER [91-22-66420680] IS INCORRECT
LOCATIONS
|
Registered Office/ Regional Office 1 : |
A-54, Marol Industrial Area, Andheri (East), Mumbai – 400093,
Maharashtra, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office/ Works : |
F-31, MIDC, Satpur, Nashik – 422007, Maharashtra, India |
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Tel. No.: |
91-253-2202160 |
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Fax No.: |
91-253-2351064 |
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Trishala Unit -
R&D + Marketing : |
C-6, NICE Area, Satpur, Nashik – 422005, Maharashtra, India |
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Tel. No.: |
91-253-2202202/ 203 |
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Fax No.: |
91-253-2351064 |
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Regional Office 2 : |
# 513, 5th Floor, Luxmi Deep Building, Plot No.9, Distt Centre Luxmi Nagar, Near Nirman Vihar Metro Station, New Delhi – 110092, India |
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Tel. No.: |
91-11-26285575/ 41605805 |
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Regional Office 3 : |
Site No 389/13, 3rd Floor 2nd Stage, 3rd Block, Nagarbhavi, Ring Road, Malagala, Bangalore – 560091,Karnataka India |
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E-Mail : |
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Regional Office 4 : |
88, Hardevi Chamber, Pantheon Chennai – 600008, Tamilnadu, India |
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Tel. No.: |
91-44-43508057 |
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E-Mail : |
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Regional Office 5 : |
11C, Raja Basanta Roy Road, Kolkata – 700026, West Bengal, India |
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Tel. No.: |
91-33-32596825 |
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E-Mail : |
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Regional Office 6 : |
Crescent Business Square, 3rd Floor 301 , Khairani Road, Sakinaka, Opposite Gundecha Oncalve, Near Sakinaka Metro Station, Andheri East, Mumbai – 400072, Maharashtra India |
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Area Office 1 : |
Vasantwoods Appartment, Third Floor, Near Dnyanal Mangal Karyalay, Rambaug Colony, Off LBS Road, Navi Peth, Pune – 411030, Maharashtra India |
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E-Mail : |
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Area Office 2 : |
Plot No 24, Flat No 201, Laxmi Residency, Chandragiri Housing Society, Trimulgherry, Secunderabad – 500015, Andhra Pradesh India |
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Tel. No.: |
91-40-40147275 |
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Resident Engineer Office 1 : |
176/92, Kumbha Marg, Partap Nagar, Jaipur – 302033, Rajasthan, India |
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Resident Engineer Office 2 : |
House No. 530, Diyo Ka Awada, Lakhawali, Thesil : Badgaon |
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Resident Engineer Office 3 : |
45, Prabhat Nagar Bareilly – 243003, Uttar Pradesh India |
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Resident Engineer Office 4 : |
A-201, Rudrax Flat Near Keya Motors Behind Kum Kum, Party Plot Chhani Jakat Naka TP-13, Vadodara – 390002, Gujarat, India |
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Resident Engineer Office 5 : |
C/O Shivlal Mali House No-174,Sector-B, Slice No-03,Skim No-78, Arnya Nagar, Indore – 452001, Madhya Pradesh, (Except Gwalior) India |
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Resident Engineer Office 6 : |
E.W.S.A.-411,Gandhima Nagar Peelamedu, Coimbatore – 641004, Tamilnadu, India |
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Resident Engineer Office 7 : |
D33, Vihal Dham Soc., Near Chhani Jakat Naka, Vadodara – 390002, Gujarat India |
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Resident Engineer Office 8 : |
10, Bhuban Bhuyan Path, Bamunimaidam, Guwahati – 781021, Assam India |
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Resident Engineer Office 9 : |
Plot No. 20 B, Siddhivinayak Mahalaxmi Aprtment, Flat No. 202, Shrihari Nagar 2, Near Parivartan Sq. Manewada to Besa Road, Nagpur – 440027, Maharashtra, India |
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Resident Engineer Office 10 : |
H. No-49-46-4/27, SF--1, Sri Venkata Indira Residency, Sankuvanipalem Akkayyapalem – 530016, Andhra Pradesh India |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Venkatesan Kesava Iyer |
|
Designation : |
Director |
|
Address : |
Plot No. 41, SSA, Ashwin Nagar, Cidco, Nashik – 422009, Maharashtra, India |
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Date of Birth/Age : |
14.07.1962 |
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Qualification : |
Post Graduate |
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Date of Appointment : |
29.09.2014 |
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DIN No.: |
00056671 |
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Name : |
Mr. Ramakrishnan Kottekode Parappath |
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Designation : |
Director |
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Address : |
H No. 11 Walnut Creek Society, Savarkar Nagar, Nasik – 422013, Maharashtra, India |
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Date of Birth/Age : |
29.09.1949 |
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Qualification : |
B.E Mechanical |
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Date of Appointment : |
17.04.2009 |
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PAN No.: |
AAOPR8882K |
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DIN No.: |
00304272 |
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Name : |
Mr. Narendra Johrimal Goliya |
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Designation : |
Managing Director |
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Address : |
Plot No. F-31, MIDC, Satpur, Nasik – 422007, Maharashtra, India |
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Date of Birth/Age : |
20.09.1951 |
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Qualification : |
B. Tech (IIT Mumbai). M.S (Stanford USA) |
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Date of Appointment : |
06.10.1982 |
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PAN No.: |
AEEPG1586K |
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DIN No.: |
00315870 |
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Name : |
Mr. Rathin Kumar Banerjee |
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Designation : |
Director |
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Address : |
Flat 203, Anita Apartment Pali Road, Bandra – West, Mumbai – 400050, Maharashtra, India |
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Date of Birth/Age : |
17.07.1950 |
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Qualification : |
Post Graduate |
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Date of Appointment : |
17.09.2015 |
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DIN No.: |
02101072 |
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Name : |
Mr. Rajesh Ramakant Pai |
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Designation : |
Nominee Director |
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Address : |
C-22, Mangirish Soc. L.J. Road, Mahim, Mumbai – 400016, Maharashtra, India |
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Date of Appointment : |
17.09.2013 |
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DIN No.: |
02930658 |
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Name : |
Mr. Alipt Sharma |
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Designation : |
Nominee Director |
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Address : |
C-893A Sushant Lok Phase – I, Gurugram – 122002, Haryana, India |
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Date of Appointment : |
17.09.2013 |
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DIN No.: |
03128439 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Equity Shareholders |
|
No. of Shares |
|
Narendra J. Goliya jointly with Asha N. Goliya |
|
11741249 |
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Asha N. Goliya jointly with Narendra Goliya |
|
2250000 |
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Rishabh Narendra Goliya jointly with Narendra Johrimal Goliya |
|
375000 |
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Narendra Rishabh Goliya HUF |
|
258750 |
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Narendra J. Goliya jointly with Anushree N. Goliya |
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1 |
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SACEF Holdings II, Mauritius |
|
100 |
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|
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Total |
|
14625100 |
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Names of Equity Shareholder [Class A] |
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No. of Shares |
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SACEF Holdings II, Mauritius |
|
100 |
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|
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Total |
|
100 |
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Names of Preference Shareholder |
|
No. of Shares |
|
SACEF Holdings II, Mauritius |
|
4307669 |
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|
|
|
|
Total |
|
4307669 |
AS ON 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Designing, Development and Manufacturing of Test and Measuring Instruments and Industrial Control Products. [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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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
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 declined by the management |
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Bankers : |
· DBS Bank Limited 40/1/A1, Jolly Plaza, Howson Road, Deolali Camp, Nasik – 422401, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Price Waterhouse LLP Chartered Accountants |
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Address : |
252, Veer Savarkar Marg, Shivaji Park, Dadar West, Mumbai, Maharashtra, India |
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PAN No.: |
AAFFP3698A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary Companies : |
· Dhruv Enterprises Limited · Sifam Tinsley Instrumentation INC · EnergySolution Labs Private Limited [U74999MH2004PTC149485] · Flamingo 7 Sp. Z.o.o. ·
Flamingo 7 Sp. Z.o.o. RED SKA ·
Lubuskie Zaklady Apartow Elektrycznych LUMEL S.A.
Poland (Plant A) |
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|
Step down
Subsidiary : |
· Lumel S.A. · Lumel Alucast Sp. Z.o.o · Sifam Tinsley Instrumentation Limited |
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|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
Shanti Instruments Private Limited [U33129MH1982PTC027678] |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17000000 |
Equity Shares |
INR 10/- each |
INR 170.000 Million |
|
10000 |
Equity Shares [Class A] |
INR 10/- each |
INR 0.100 Million |
|
4330000 |
0.001% Cumulative Convertible Preference Shares |
INR 30/- each |
INR 129.900 Million |
|
|
|
|
|
|
|
Total |
|
INR 300.000 Million
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14625100 |
Equity Shares |
INR 10/- each |
INR 146.251
Million |
|
100 |
Equity Shares [Class A] |
INR 10/- each |
INR 0.001
Million |
|
4307669 |
0.001% Cumulative Convertible Preference Shares |
INR 30/- each |
INR 129.230
Million |
|
|
|
|
|
|
|
Total |
|
INR 275.482 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 |
275.482 |
275.482 |
275.482 |
|
(b) Reserves & Surplus |
1560.066 |
1447.235 |
1286.232 |
|
(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) |
1835.548 |
1722.717 |
1561.714 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
5.843 |
7.781 |
11.290 |
|
(b) Deferred tax liabilities (Net) |
34.926 |
43.235 |
26.845 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
3.070 |
3.517 |
2.814 |
|
Total
Non-current Liabilities (3) |
43.839 |
54.533 |
40.949 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
188.377 |
157.334 |
143.092 |
|
(b)
Trade payables |
160.989 |
105.580 |
85.109 |
|
(c)
Other current liabilities |
83.256 |
68.095 |
59.939 |
|
(d)
Short-term provisions |
9.872 |
8.739 |
57.015 |
|
Total
Current Liabilities (4) |
442.494 |
339.748 |
345.155 |
|
|
|
|
|
|
TOTAL |
2321.881 |
2116.998 |
1947.818 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
240.368 |
208.914 |
207.879 |
|
(ii)
Intangible Assets |
23.541 |
18.543 |
30.902 |
|
(iii)
Capital work-in-progress |
27.247 |
2.101 |
1.352 |
|
(iv) Intangible assets under development |
32.780 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
614.047 |
614.047 |
594.632 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
34.301 |
36.630 |
15.358 |
|
(e)
Other Non-current assets |
32.500 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1004.784 |
880.235 |
850.123 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
332.931 |
307.538 |
273.348 |
|
(c)
Trade receivables |
283.000 |
226.332 |
278.331 |
|
(d)
Cash and cash equivalents |
619.735 |
631.738 |
458.314 |
|
(e)
Short-term loans and advances |
47.610 |
34.559 |
42.164 |
|
(f)
Other current assets |
33.821 |
36.596 |
45.538 |
|
Total
Current Assets |
1317.097 |
1236.763 |
1097.695 |
|
|
|
|
|
|
TOTAL |
2321.881 |
2116.998 |
1947.818 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1162.080 |
1107.012 |
1174.218 |
|
|
|
Other Income |
61.525 |
76.100 |
58.231 |
|
|
|
TOTAL |
1223.605 |
1183.112 |
1232.449 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
540.225 |
505.463 |
542.205 |
|
|
|
Purchases of Stock-in-Trade |
5.283 |
5.586 |
5.449 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(18.115) |
(19.183) |
1.796 |
|
|
|
Employees benefits expense |
297.243 |
275.999 |
238.532 |
|
|
|
CSR Expenditure |
3.872 |
0.438 |
0.000 |
|
|
|
Other expenses |
196.126 |
174.362 |
167.622 |
|
|
|
TOTAL |
1024.634 |
942.665 |
955.604 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
198.971 |
240.447 |
276.845 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
11.875 |
11.811 |
11.981 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
187.096 |
228.636 |
264.864 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
66.819 |
66.858 |
64.869 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
120.277 |
161.778 |
199.995 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.446 |
0.774 |
60.292 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
112.831 |
161.004 |
139.703 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
5.96 |
8.50 |
7.38 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
3.965 |
3.509 |
3.391 |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
154.735 |
264.184 |
115.229 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
106.957 |
191.913 |
41.357 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
88.89 |
74.63 |
86.52 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.11 |
4.89 |
4.22 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
107.72 |
75.41 |
56.72 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.60 |
0.78 |
1.01 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.61 |
1.05 |
1.15 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.19 |
0.17 |
0.18 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.11 |
0.10 |
0.10 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.24 |
0.20 |
0.22 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.18 |
0.13 |
0.15 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
16.76 |
20.36 |
23.11 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
9.71 |
14.54 |
11.90 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.86 |
7.61 |
7.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.15 |
9.35 |
8.95 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.98 |
3.64 |
3.18 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.22 |
2.74 |
2.39 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.79 |
0.81 |
0.80 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.72 |
0.61 |
0.57 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.98 |
3.64 |
3.18 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
275.482 |
275.482 |
275.482 |
|
Reserves & Surplus |
1286.232 |
1447.235 |
1560.066 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1561.714 |
1722.717 |
1835.548 |
|
|
|
|
|
|
Long-term borrowings |
11.290 |
7.781 |
5.843 |
|
Short term borrowings |
143.092 |
157.334 |
188.377 |
|
Current Maturities of Long
term debt |
3.391 |
3.509 |
3.965 |
|
Total
borrowings |
157.773 |
168.624 |
198.185 |
|
Debt/Equity
ratio |
0.101 |
0.098 |
0.108 |
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 |
1174.218 |
1107.012 |
1162.080 |
|
|
|
-5.723 |
4.974 |
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 |
1174.218 |
1107.012 |
1162.080 |
|
Profit |
139.703 |
161.004 |
112.831 |
|
|
11.90% |
14.54% |
9.71% |
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 |
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% |
-- |
|
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C62877394 |
10588620 |
DBS BANK LTD |
03/08/2015 |
- |
- |
150000000.0 |
40/1/A1, JOLLY PLAZAHOWSON ROAD, DEOLALI CAMPNASIKMH422401IN |
|
2 |
B16444341 |
80050741 |
STATE BANK OF INDIA |
29/12/2005 |
22/06/2011 |
- |
534800000.0 |
SATPUR INDUSTRIAL AREA BRANCHNASHIKMH422007IN |
|
3 |
A56545593 |
90163668 |
ICICI BANKING CORPORATION LTD. |
13/02/1998 |
01/08/1998 |
04/02/2009 |
45000000.0 |
U-1; CROWN COMMERCIAL COMPLEXOPP. RAJIV GANDHI BHAVAN; SHARANPUR ROADNASHIKMH422002IN |
|
4 |
A54072756 |
90166728 |
STATE BANK OF INDIA |
05/10/2001 |
- |
27/12/2008 |
28000000.0 |
SATPUR INDUSTRIAL BRANCHSATPURNASHIKMH422007IN |
|
5 |
A54048970 |
90161089 |
STATE BANK OF INDIA |
14/10/2003 |
05/01/2004 |
27/12/2008 |
40000000.0 |
SATPUR INDUSTRIAL BRANCHSATPURNASHIKMHIN |
|
6 |
A54053103 |
90161899 |
STATE BAK OF INDIA |
14/10/1985 |
21/10/1989 |
27/12/2008 |
3200000.0 |
SATPUR INDUSTRIAL BRANCHSATPURNASHIKMH422007IN |
|
7 |
A54046198 |
90161051 |
STATE BANK OF INDIA |
12/10/2001 |
05/01/2004 |
27/12/2008 |
60300000.0 |
SATPUR INDUSTRIAL BRANCHSATPURNASHIKMHIN |
|
8 |
A54068465 |
90166722 |
STATE BANK OF INDIA |
09/08/2001 |
- |
27/12/2008 |
15300000.0 |
SATPUR INDUSTRIAL BRANCHSATPURNASHIKMH422007IN |
|
9 |
A54066949 |
90164753 |
STATE BANK OF INDIA |
14/10/1985 |
24/11/1994 |
27/12/2008 |
3200000.0 |
SATPUR INDUSTRIAL BRANCHSATPURNASHIKMH422007IN |
|
10 |
A54073713 |
90243607 |
STATE BANK OF INDIA ` |
05/02/2003 |
08/07/2005 |
27/12/2008 |
44500000.0 |
SATPUR INDUS. BRANCHNASHIKMHIN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deferred payment liabilities |
5.209 |
7.781 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
12.000 |
12.000 |
|
|
|
|
|
Total |
17.209 |
19.781 |
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Motor vehicles
· Computer equipments
· Computer software
·
Know-how
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.77 |
|
UK Pound |
1 |
INR 89.96 |
|
Euro |
1 |
INR 78.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARCH |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
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.