|
|
|
MIRA INFORM REPORT
|
Report No. : |
496634 |
|
Report Date : |
13.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
ALD DYNATECH FURNACES PRIVATE LIMITED (w.e.f. 02.03.2011) |
|
|
|
|
Formerly Known
As : |
DYNATECH
FURNACES (BOMBAY) PRIVATE LIMITED (w.e.f. 2002) JACBALA ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
R/496/1, MIDC, Rabale TTC Industrial Area, Rabale, Navi Mumbai –
400701, Maharashtra |
|
Tel. No.: |
91-22-27606776 to 85 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
09.01.1987 |
|
|
|
|
Com. Reg. No.: |
11-042167 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 283.346 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28920MH1987PTC042167 |
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|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
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TIN No.: |
27730293311 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACJ1907A |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACJ1907A1Z7 |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
The Company is a manufacturer of vacuum heat treatment furnace systems.
The company designs and manufactures singles chamber vacuum furnace for
variety of sizes ranging 50 to 2000 Kg capacities of load and also provides
after sales support services for continuous up gradation, services,
maintenances and replacement (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “ALD Vacuum Technologies GmbH, Germany” and was incorporated in the year 1987. It is a manufacturer of vacuum heat treatment furnace systems.
|
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 13.03.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Hitesh |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-27606776 |
|
Date : |
12.03.2018 |
LOCATIONS
|
Registered Office : |
R/496/1, MIDC, Rabale TTC Industrial Area, Rabale, Navi Mumbai –
400701, Maharashtra, India |
|
Tel. No.: |
91-22-27606776 to 85 |
|
Fax No.: |
91-22-27606787 |
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E-Mail : |
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|
Website: |
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|
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|
|
Administrative Office : |
Unit 272, Building No.2, 7th Floor, Solitare Corporate
Park, Andheri-Ghatkopar Link Road, Chakala, Andheri (East), Mumbai – 400093,
Maharashtra |
|
Tel. No.: |
91-22-28306781 / 82 / 83 |
|
Fax No.: |
91-22-28306784 |
|
|
|
|
Factory : |
W-33-D, MIDC, Additional, Ambernath, District: Thane – 421506,
Maharashtra, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Milind Balkrishna Kulkarni |
|
Designation : |
Managing Director |
|
Address : |
Flat No. A-1003, 10th Floor, Iris Building, Lodha Paradise, E E Highway, Majiwade, Thane – 400601, Maharashtra, India |
|
Date of Appointment : |
01.07.2016 |
|
DIN No.: |
01559823 |
|
|
|
|
Name : |
Markus Holz |
|
Designation : |
Director |
|
Address : |
Am Atzelsgraben 15, 63486 Buchkoebel 63584 DE |
|
Date of Birth/Age : |
07.03.1963 |
|
Date of Appointment : |
29.11.2012 |
|
DIN No.: |
06444790 |
|
|
|
|
Name : |
Klaus Loser |
|
Designation : |
Director |
|
Address : |
Kilianusstr.1, Mainhausen Hessen 63533 DE |
|
Date of Appointment : |
04.09.2015 |
|
DIN No.: |
07270494 |
KEY EXECUTIVES
|
Name : |
Mr. Hitesh |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders (Equity
Shares) |
No. of Shares |
|
ALD Vaccum Technologies GmbH-Holding Company, Germany |
2059984 |
|
Vacuheat Verwaltungs GmbH |
1 |
|
Total |
2059985 |
|
Names of Shareholders (6.8
Compulsorily Convertible Non-Cumulative
Preference Shares) |
No. of Shares |
|
ALD Vaccum Technologies GmbH |
773475 |
|
Total |
773475 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is a manufacturer of vacuum heat treatment furnace
systems. The company designs and manufactures singles chamber vacuum furnace for
variety of sizes ranging 50 to 2000 Kg capacities of load and also provides
after sales support services for continuous up gradation, services,
maintenances and replacement (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 : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers (As per indirect sources) |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Kanu Doshi Associates Chartered Accountants |
|
Address : |
203, The Summit, Hanuman Road, Western Express Highway, Vile Parle Mumbai – 400057, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFK1583C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
|
|
|
|
|
Fellow Subsidiary
Company : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2060000 |
Equity Shares |
INR 100/- each |
INR 206.000 Million |
|
788000 |
Preference Shares |
INR 100/- each |
INR 78.800 Million |
|
|
Total |
|
INR 284.800
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2059985 |
Equity Shares |
INR 100/- each |
INR 205.999 Million |
|
773475 |
Preference Shares |
INR 100/- each |
INR 77.347 Million |
|
|
Total |
|
INR 283.346
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 |
283.346 |
77.848 |
77.848 |
|
(b) Reserves &
Surplus |
(198.373) |
(160.732) |
(119.999) |
|
(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) |
84.973 |
(82.884) |
(42.151) |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
13.850 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
13.850 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
130.665 |
104.987 |
|
(b) Trade payables |
46.891 |
43.329 |
22.599 |
|
(c) Other current
liabilities |
69.915 |
48.496 |
49.403 |
|
(d) Short-term provisions |
3.144 |
4.681 |
10.249 |
|
Total Current Liabilities
(4) |
119.950 |
227.171 |
187.238 |
|
|
|
|
|
|
TOTAL |
218.773 |
144.287 |
145.087 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
9.506 |
13.479 |
16.454 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
6.428 |
7.801 |
4.810 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
15.934 |
21.280 |
21.264 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.025 |
0.025 |
0.025 |
|
(b) Inventories |
51.436 |
50.095 |
31.732 |
|
(c) Trade receivables |
39.574 |
40.162 |
55.225 |
|
(d) Cash and cash
equivalents |
80.290 |
3.805 |
1.914 |
|
(e) Short-term loans and
advances |
31.514 |
28.920 |
34.927 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
202.839 |
123.007 |
123.823 |
|
|
|
|
|
|
TOTAL |
218.773 |
144.287 |
145.087 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
162.560 |
193.697 |
100.396 |
|
|
Other Income |
3.854 |
1.087 |
17.873 |
|
|
TOTAL |
166.414 |
194.784 |
118.269 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
94.760 |
132.260 |
94.655 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1.486 |
(21.098) |
(16.299) |
|
|
Employee benefit expense |
35.247 |
62.067 |
45.387 |
|
|
Other expenses |
60.174 |
42.992 |
38.696 |
|
|
TOTAL |
191.667 |
216.221 |
162.439 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
(25.253) |
(21.437) |
(44.170) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
8.988 |
15.371 |
14.448 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(34.241) |
(36.808) |
(58.618) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.401 |
2.926 |
3.019 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(36.642) |
(39.734) |
(61.637) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
(36.642) |
(39.734) |
(61.637) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
270.916 |
49.582 |
116.481 |
|
|
TOTAL EARNINGS |
270.916 |
49.582 |
116.481 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(29.00) |
(7947.00) |
(12327.00) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2018 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
1.073 |
|
Net cash flows from (used in) operations |
(4.182) |
(6.536) |
(56.128) |
|
Net cash flow from operating activity |
(3.814) |
(6.548) |
(56.190) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
88.86 |
75.68 |
200.78 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.11 |
4.82 |
1.82 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
180.62 |
119.58 |
87.14 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
(0.49) |
(0.43) |
(1.39) |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
(2.66) |
(1.59) |
(2.68) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.61 |
1.57 |
1.30 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.16 |
(1.58) |
(2.52) |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.41 |
(2.74) |
(4.44) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.11 |
(0.16) |
(0.39) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
(2.81) |
(1.39) |
(3.06) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(22.54) |
(20.51) |
(61.39) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(16.75) |
(27.54) |
(42.48) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(43.12) |
47.94 |
146.23 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.69 |
0.54 |
0.66 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.26 |
0.32 |
0.49 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.39 |
(0.57) |
(0.29) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.05 |
1.68 |
1.36 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.69 |
0.54 |
0.66 |
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 |
77.848 |
77.848 |
283.346 |
|
Reserves & Surplus |
(119.999) |
(160.732) |
(198.373) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(42.151) |
(82.884) |
84.973 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
13.850 |
|
Short term borrowings |
104.987 |
130.665 |
0.000 |
|
Current maturities of
long-term debts |
1.073 |
0.000 |
0.000 |
|
Total
borrowings |
106.060 |
130.665 |
13.850 |
|
Debt/Equity
ratio |
(2.516) |
(1.576) |
0.163 |
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 |
100.396 |
193.697 |
162.560 |
|
|
|
92.933 |
(16.075) |
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 |
100.396 |
193.697 |
162.560 |
|
Profit/ (Loss) |
(61.637) |
(39.734) |
(36.642) |
|
|
(61.39
%) |
(20.51
%) |
(22.54
%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANY'S
AFFAIRS:
The Company is India's largest manufacturer of vacuum heat treatment furnace systems and is a part of world renowned Vacuum furnace manufacturer "ALD Vacuum Technologies, Germany". The company designs and manufactures singles chamber vacuum furnace for variety of sizes ranging 50 to 2000 Kg capacities of load. Even for higher production capacities continuous vacuum furnaces are manufactured giving reliable and consistent end results.
The Company also has strong manpower for catering to after sales support for continuous up gradation, services, maintenances and replacement.
With this company expect the better performance in the current financial year. With effect from 1st May, 2016 the Company has shifted its registered office from its existing location at Meher Tiles Compound, Behind Corona Sahu Co., Shubhash Road, Jogeshwari (East), Mumbai- 400060 to R 496/1, MIDC Rabale, TTC Industrial Area, Rabale, Navi Mumbai 400701.
During the year Company has increased its Authorised Share Capital INR 79300000/- divided into 5000 Equity shares of INR 100/- each and 788000 Preference shares of INR 100/- to INR 284800000 divided into 2060000 Equity shares of INR 100/- each and 788000 Preference shares of INR 100/- (by addition of 2055000 Equity Shares of INR 100/- each. Further during the year Company has increased its paid up capital by way of right Issue of Shares by allotting 2054985 Partly Paid up Equity Shares of INR 100/- each for cash at par.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Other external commercial borrowings |
13.850 |
0.000 |
|
|
|
|
|
Total |
13.850 |
0.000 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
B06309124 |
10268938 |
The Saraswat Co-operative Bank Limited |
07/02/2011 |
- |
510000.0 |
RASEC Borivli West Branch,Shobhana ApartmentChandavarkar Road, Borivli West Mumbai MAHARASHTRA 400092 INDIA |
|
2 |
B05381520 |
10265576 |
The Saraswat Co-operative Bank Limited |
25/01/2011 |
- |
2500000.0 |
RASEC Borivli West Branch,Shobhana ApartmentChandavarkar Road, Borivli West Mumbai MAHARASHTRA 400092 INDIA |
|
3 |
B05318829 |
10265574 |
The Saraswat Co-operative Bank Limited |
25/01/2011 |
- |
2500000.0 |
RASEC Borivli West Branch,Shobhana ApartmentChandavarkar Road, Borivli West Mumbai MAHARASHTRA 400092 INDIA |
|
4 |
B03772373 |
10263458 |
The Saraswat Co-operative Bank Limited |
12/01/2011 |
- |
2139000.0 |
SME Vile Parle Branch, Bholanath Co-op Hsg SocSubhash Road, Vile Parle East Mumbai MAHARASHTRA 400057 INDIA |
|
5 |
B03771953 |
10253475 |
The Saraswat Co-operative Bank Limited |
29/10/2010 |
12/01/2011 |
44000000.0 |
SME Vile Parle Branch, Bholanath Co-op Hsg SocSubhash Road, Vile Parle East Mumbai MAHARASHTRA 400057 INDIA |
|
6 |
A59179465 |
10149250 |
The Saraswat Co-operative Bank Limited |
28/03/2009 |
- |
27500000.0 |
Vile Parle Branch, Vile Parle (East) Mumbai MAHARASHTRA 400057 INDIA |
|
7 |
A52849155 |
10133964 |
The Saraswat Co-operative Bank Limited |
24/11/2008 |
- |
4300000.0 |
Juhu Branch, Juhu Mumbai MAHARASHTRA 400049 INDIA |
|
8 |
A42663419 |
10115140 |
The Saraswat Co-operative Bank Limited |
13/06/2008 |
- |
16000000.0 |
Vile Parle Branch, Vile Parle (East) Mumbai MAHARASHTRA 400057 INDIA |
|
9 |
A10611127 |
10036934 |
The Saraswat Co-operative Bank Limited |
25/01/2007 |
- |
2900000.0 |
Juhu Branch, Juhu Mumbai MAHARASHTRA 400049 INDIA |
|
10 |
A03336799 |
10014018 |
The Saraswat Co-operative Bank Limited |
10/08/2006 |
- |
4000000.0 |
Juhu Branch, Juhu Mumbai MAHARASHTRA 400049 INDIA |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment’s
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 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 65.10 |
|
|
1 |
INR 79.59 |
|
Euro |
1 |
INR 90.45 |
INFORMATION DETAILS
|
Information Gathered
by : |
SHW |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.