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|
MIRA INFORM REPORT
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Report No. : |
516708 |
|
Report Date : |
27.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
VEGA CONTROLS PRIVATE LIMITED |
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|
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|
Registered
Office : |
S No. 81, Plot No. 3, NDA Road, Shivane, Pune - 411023, Maharashtra |
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Tel. No.: |
91-20-25290005 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
05.04.2004 |
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CIN No.: [Company Identification
No.] |
U31200PN2004PTC019096 |
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|
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Capital
Investment / Paid-up Capital : |
INR 2.633 Million |
|
|
|
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IEC No.: [Import-Export Code No.] |
3104018588 |
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|
|
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PAN No.: [Permanent Account No.] |
AABCV8379H |
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|
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Manufacturing of Control Panels and Automation.
[Registered Activity] |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2004 having
satisfactory track record. For the financial year ended 2017, the company has witnessed a growth
in its revenue and reported fair profit margin at 2.84% [approx.]. The company possesses sound financial profile marked by healthy net
worth base along with low debt level of the company. Trade relations are reported as fair. Business is active. Payment
terms are seems o be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. Note: Subject was
established in the year 1997 as a partnership concern with the name “Vega
Controls” and later during the year 2004 and it got converted into private
limited company with the present name. |
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 (31.12.2017) |
Current Rating (01.04.2018) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = B+ |
|
Rating Explanation |
High risk of default |
|
Date |
21.06.2018 |
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 27.06.2018
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 BY
MANAGEMENT NON-COOPERATIVE [91-20-25290005]
LOCATIONS
|
Registered Office / Unit-I/ Corporate Headquarters : |
S No. 81, Plot No. 3, NDA Road, Shivane, Pune - 411023, Maharashtra,
India |
|
Tel. No.: |
91-20-25290005/ 25293330 |
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Fax No.: |
91-20-25293331 |
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E-Mail : |
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Website : |
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Unit-II : |
S. No.83-2/2, NDA Road, Shivane, Pune – 411023, Maharashtra, India |
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Tel. No.: |
91-20-25290005 |
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Fax No.: |
91-20-25293118 |
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|
|
|
Regional Offices: |
Located at: · Kolkata · Chennai · Middle East Countries |
DIRECTORS
AS ON: 31.03.2018
|
Name : |
Mr. Yatin Kamalakar Purandare |
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Designation : |
Director |
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Address : |
S.No.19/1, Bharat Vihar, R.No.15, Erandawane, Pune – 411004, Maharashtra, India |
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Date of Birth/Age : |
09.03.1962 |
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Date of Appointment : |
01.04.2009 |
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DIN No.: |
00033181 |
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Name : |
Ms. Manisha Yatin Purandare |
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Designation : |
Director |
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Address : |
S.No.19/1, Bharat Vihar, R.No.15, Erandawane, Pune – 411004, Maharashtra, India |
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Date of Birth/Age : |
09.02.1967 |
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Date of Appointment : |
05.04.2004 |
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DIN No.: |
00033223 |
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||||||||||||||||||||||||||||
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Name : |
Mr. Abhay Arvind Purandare |
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Designation : |
Director |
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Address : |
Flat No.7, Runwal Enclave, Near Maruti Mandir, Kothrud, Pune – 411038, Maharashtra, India |
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Date of Appointment : |
01.01.2009 |
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DIN No.: |
01870874 |
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Name : |
Mr. Deepak Himmat Augustine Salve |
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Designation : |
Director |
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Address : |
101, Anand Bhuvan, Gorewadi Co-Operative Housing Society, Mogul Lane, Mahim, Mumbai – 400016, Maharashtra, India |
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Date of Appointment : |
05.04.2004 |
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DIN No.: |
02377916 |
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Name : |
Mr. Satish Manhar Purandare |
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Designation : |
Director |
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Address : |
F-12/6, Sarita Nagari Anant Parvati, Pune – 411030, Maharashtra, India |
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Date of Appointment : |
05.04.2004 |
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||||||||||||||||||||||||||||
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DIN No.: |
02545184 |
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|||||||||||||||||||||||||||||
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Name : |
Mr. Alpesh Bhanukant Shah |
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Designation : |
Director |
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Address : |
Y-52, Viola Society, S. No. 118/ 3 / 4 and 5, Near Cipla Foundation, Warje, Pune – 411029, Maharashtra, India |
|||||||||||||||||||||||||||||
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Date of Birth/Age : |
24.05.1968 |
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Date of Appointment : |
01.06.2009 |
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DIN No.: |
02663893 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Yatin Kamalakar Purandare |
|
23692 |
|
Manisha Yatin Purandare |
|
127053 |
|
Satish Manhar Purandare |
|
37500 |
|
Deepak Salve |
|
22500 |
|
S R Arjunwadkar |
|
1 |
|
Dilip V Patwardhan |
|
1 |
|
Ram Bapat |
|
1 |
|
R N Lokare |
|
1 |
|
Alok Yatin Purandare |
|
52500 |
|
Abhay Arvind Purandare |
|
1 |
|
|
|
|
|
Total |
|
263250 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
80.06 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
19.94 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Manufacturing of Control Panels and Automation.
[Registered Activity] |
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Products/ Services : |
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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
|
Suppliers : |
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Customers : |
Domestic · Suryadev Alloys and Power Private Limited (‘14’ Stand Wire Rod Mill) · Prakash Industries Limited (‘14’ Stand Wire Rod Mill) · Tulsyan Nec Limited (‘12’ Stand Bar Mill) · Omsairam Steels and Alloys Private Limited (‘12’ Stand Bar Mill) · Bdg Metal and Power Private Limited (‘11’stand Bar Mill System) International · Rak Steel LLC (18 Stand Bar Mill) · Shark Sohar Steel Rolling Mills, (18 Stand Bar Mill) · Al Bahri Steel LLC (‘1’ No. 550kw Intermediate Drive + ‘6’ Stands Of 300kw Drives In Finishing) · Aba El Gasim Steel Melting and Rolling Mill Factory. (‘8’ Stand Bar Mill) |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
More Gharat and Company Chartered Accountants |
|
Address : |
C5/210, Prabhakar Nagar, A.G. Pawar Lane, Kala Chowkie, Mumbai-400027,
Maharashtra, India |
|
PAN No.: |
AAGFR0314L |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
|
|
Enterprises indirectly controlled by key management personnel : |
· Orion Drives and Machines Private Limited · Avior Technofab Private Limited · I Square Control Tech Private Limited · Benz Automation Systems Private Limited · Vega Innovations and Techno Consultants Private Limited · IDEAS FZC |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
263250 |
Equity Shares |
INR 10/- each |
INR 2.633
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 |
2.633 |
2.633 |
2.633 |
|
(b) Reserves & Surplus |
52.722 |
43.846 |
39.949 |
|
(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) |
55.355 |
46.479 |
42.582 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
12.419 |
18.389 |
23.882 |
|
(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 |
3.157 |
2.659 |
2.961 |
|
Total
Non-current Liabilities (3) |
15.576 |
21.048 |
26.843 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
38.034 |
12.662 |
14.443 |
|
(b)
Trade payables |
79.201 |
40.376 |
46.644 |
|
(c)
Other current liabilities |
39.945 |
47.849 |
47.433 |
|
(d)
Short-term provisions |
5.846 |
2.100 |
2.112 |
|
Total
Current Liabilities (4) |
163.026 |
102.987 |
110.632 |
|
|
|
|
|
|
TOTAL |
233.957 |
170.514 |
180.057 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
24.290 |
9.740 |
11.640 |
|
(ii)
Intangible Assets |
3.770 |
7.619 |
6.123 |
|
(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 |
0.108 |
0.108 |
0.108 |
|
(c) Deferred tax assets
(net) |
1.971 |
1.459 |
1.074 |
|
(d) Long-term Loan
and Advances |
16.769 |
35.588 |
41.407 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
46.908 |
54.514 |
60.352 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
31.799 |
32.710 |
38.627 |
|
(c)
Trade receivables |
58.483 |
24.169 |
32.149 |
|
(d)
Cash and cash equivalents |
43.909 |
16.476 |
7.573 |
|
(e)
Short-term loans and advances |
52.389 |
42.620 |
41.157 |
|
(f)
Other current assets |
0.469 |
0.025 |
0.199 |
|
Total
Current Assets |
187.049 |
116.000 |
119.705 |
|
|
|
|
|
|
TOTAL |
233.957 |
170.514 |
180.057 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
312.258 |
310.015 |
251.987 |
|
|
|
Other Income |
4.010 |
8.104 |
6.184 |
|
|
|
TOTAL |
316.268 |
318.119 |
258.171 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
211.822 |
225.682 |
177.351 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
10.345 |
2.489 |
0.049 |
|
|
|
Employees benefits expense |
40.747 |
32.023 |
32.824 |
|
|
|
Other expenses |
29.841 |
42.374 |
31.689 |
|
|
|
TOTAL |
292.755 |
302.568 |
241.913 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
23.513 |
15.551 |
16.258 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
3.681 |
4.548 |
7.786 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
19.832 |
11.003 |
8.472 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.743 |
5.691 |
7.292 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
14.089 |
5.312 |
1.180 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.212 |
1.415 |
0.671 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
8.877 |
3.897 |
0.509 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods on FOB |
69.738 |
151.009 |
52.726 |
|
|
TOTAL EARNINGS |
69.738 |
151.009 |
52.726 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
4.617 |
2.460 |
1.240 |
|
|
TOTAL IMPORTS |
4.617 |
2.460 |
1.240 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
33.72 |
14.80 |
1.93 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
5.400 |
5.349 |
5.349 |
|
|
|
|
|
|
Cash generated from (Utilised in) operations |
9.120 |
16.957 |
6.858 |
|
|
|
|
|
|
Net Cash Generated from (Utilised in) Operating Activities |
6.990 |
15.381 |
2.950 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
68.36 |
28.46 |
46.57 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.34 |
12.83 |
7.84 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
136.47 |
65.30 |
96.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.74 |
0.48 |
0.42 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.84 |
0.90 |
0.92 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.77 |
0.74 |
0.78 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.01 |
0.78 |
1.03 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.95 |
2.22 |
2.60 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.51 |
0.37 |
0.42 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
6.39 |
3.42 |
2.09 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.84 |
1.26 |
0.20 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.79 |
2.29 |
0.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
16.04 |
8.38 |
1.20 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.15 |
1.13 |
1.08 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.95 |
0.81 |
0.73 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.24 |
0.27 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
21.21 |
13.82 |
16.59 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.15 |
1.13 |
1.08 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
2.633 |
2.633 |
2.633 |
|
Reserves & Surplus |
39.949 |
43.846 |
52.722 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
42.582 |
46.479 |
55.355 |
|
|
|
|
|
|
long-term borrowings |
23.882 |
18.389 |
12.419 |
|
Short term borrowings |
14.443 |
12.662 |
38.034 |
|
Current Maturities of Long
term debt |
5.349 |
5.349 |
5.400 |
|
Total
borrowings |
43.674 |
36.400 |
55.853 |
|
Debt/Equity
ratio |
1.026 |
0.783 |
1.009 |
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 |
251.987 |
310.015 |
312.258 |
|
|
|
23.028 |
0.724 |
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 |
251.987 |
310.015 |
312.258 |
|
Profit/ (Loss) |
0.509 |
3.897 |
8.877 |
|
|
0.20% |
1.26% |
2.84% |
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 |
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 |
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 |
G75730283 |
100137782 |
HDFC BANK LIMITED |
30/10/2017 |
24/01/2018 |
- |
66400000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G70362348 |
10173300 |
BANK OF MAHARASHTRA |
25/07/2009 |
30/03/2015 |
20/11/2017 |
55000000.0 |
CHINTAMANI ENCLOVE, SAMARTH PETH,SUVARNAREKHA SOCIETY, GNESHNAGARPUNEMH411052IN |
|
3 |
G07059280 |
10483948 |
BANK OF MAHARASHTRA |
24/02/2014 |
- |
05/07/2016 |
5368000.0 |
YASHOMANGAL 1183/A, F.C.ROADSHIVAJI NAGARPUNEMH411005IN |
|
4 |
C80899479 |
10156530 |
BANK OF MAHARASHTRA |
16/09/2008 |
- |
29/02/2016 |
782000.0 |
17, SAKHALKAR BHAVAN, SWASTISHREE SOCIETYGANESHNAGARPUNEMH411052IN |
|
5 |
C80899958 |
10156531 |
BANK OF MAHARASHTRA |
15/10/2008 |
- |
10/02/2016 |
1151000.0 |
17, SAKHALKAR BHAVAN, SWASTISHREE SOCIETYGANESHNAGARPUNEMH411052IN |
|
6 |
C25072273 |
10181931 |
HDFC BANK LIMITED |
15/09/2009 |
- |
23/09/2014 |
650000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
7 |
B86870672 |
10433854 |
BANK OF MAHARASTRA |
30/05/2013 |
- |
24/09/2013 |
9800000.0 |
"LOKMANGAL" 1501SHIVAJINAGARPUNEMH411005IN |
|
8 |
B44687101 |
10181876 |
HDFC BANK LIMITED |
15/09/2009 |
- |
05/07/2012 |
650000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
9 |
A88406319 |
10195853 |
BANK OF MAHARASHTRA |
23/12/2009 |
- |
29/06/2010 |
5000000.0 |
CHINTAMANI ENCLAVE, SAMARTH PATH,GANESH NAGAR BRANCHPUNEMH411005IN |
|
10 |
A87809182 |
90094262 |
BANK OF MAHARASHTRA |
19/11/2005 |
11/03/2010 |
17/06/2010 |
5000000.0 |
17, SAKHALKAR BHAVAN, SWASTISHREE SOCIETY,GANESH NAGAR BRANCH,PUNEMH411052IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and
Advances |
|
|
|
From Related party |
3.901 |
3.901 |
|
|
|
|
|
Total |
3.901 |
3.901 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Claims against company u/s 200A of Income Tax Act 1961 |
2.035 |
2.474 |
|
Income Tax Liability |
0.545 |
0.545 |
|
Total |
2.580 |
3.019 |
CORPORATE
INFORMATION
The company was incorporated in 2004 under the provisions of Companies
Act, 1956. It is engaged in manufacturing of control panels and automation.
Company’s strength areas are technology solutions for process industry with a
focus on steel, power and other infrastructure industries. In steel vertical,
company offers solutions in long products and other associated processes
REVIEW OF BUSINESS
OPERATIONS:
The directors of the company are ensuring that the resources of the
company are utilized efficiently so as to maximize profits of the company and
to increase shareholders value.
FIXED ASSETS:
· Factory Building
· Plant and Machinery
· Factory and Office Equipment
· Computer and Laptops
· Furniture and Fixtures
· Vehicles
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
|
INR |
|
US Dollar |
1 |
INR 68.17 |
|
UK Pound |
1 |
INR 90.47 |
|
Euro |
1 |
INR 79.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
RUP |
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.