|
|
|
MIRA INFORM REPORT
|
Report No. : |
497259 |
|
Report Date : |
14.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TECHNIMONT ICB PRIVATE LIMITED (w.e.f.
10.12.2015) |
|
|
|
|
Formerly known
as : |
TECHNIMONT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Tecnimont ICB House, 504, Link Road, Chincholi Bunder, Malad (West), Mumbai – 400064,
Maharashtra |
|
Tel. No.: |
91-22-66945500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
09.07.1958 |
|
|
|
|
Com. Reg. No.: |
11-013544 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 14.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140MH1958PTC013544 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT08884B/ MUMT10392E |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI2628B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is engaged in Design, Engineering, Procurement, Project Management, Construction and Commissioning of Industrial Plants. (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++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of “Tecnimont S.P.A, Italy” and was incorporated in the year 1958. It is engaged in business of executing EPC projects on turnkey basis, apart from engineering and electrical and instrumentation services. TPL undertakes project execution in India as well as overseas in association with its parent – Tecnimont and on its own. For the financial year 2017, the company has increased its revenue from operation as compared to previous year and maintained decent profitability margin of 9.41%. Rating takes into consideration sound financial profile of the company marked by healthy networth base and debt free balance sheet. Further, rating also reflects to strong managerial and financial support received from its holding company along with experienced and professionally managed promoter group, established track records of business operation and market position. However, rating strength is partially offset by exposure to volatility in foreign exchange rates. Trade relations are reported as fair. Business is active. Payments terms are seem to be regular. In view of the 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 |
CARE |
|
Rating |
Long Term Rating = AA- |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
05.03.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
05.03.2018 |
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
31-03-2016.
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 14.03.2018
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
MANAGEMENT NON-COOPERATIVE: Tel. No.: 91-22-6694500
Tel. No.: 91-11-41012874 / 75 / Continuously Ringing
LOCATIONS
|
Registered Office / Head Office : |
Tecnimont ICB House, 504, Link Road, Chincholi Bunder, Malad (West), Mumbai – 400064,
Maharashtra, India |
|
Tel. No.: |
91-22-66945500 / 66945555 |
|
Fax No.: |
91-22-66945599 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
New Delhi – India 501-B, Rectangle-1, D-4, Saket District Centre, Saket, New Delhi – 110017, India Tel/Fax : 91-11-41012874/75 Abu Dhabi - U.A.E. 301, Khalifa Bin Hamdan Al Mansouri, Liwa Street, P. O. Box 53440, Abu Dhabi, U.A.E. Tel: + 971-2-6226244 Fax: + 971-2-6226245 e-mail : ticbabd@emirates.net.ae
Kingdom of Saudi
Arabia 4th Floor Al Imam Center, (Fuji Film Building), Madina Road, P.O. Box 6895, Jeddah 21452, Kingdom of Saudi Arabia Tel: + 966-2-6926475 Fax : + 966-2-6926143 e-mail : infoticb.saudi@ticb.com Doha – Qatar Tecnimont ICB Qatar W.L.L., P.O. Box 16852, Doha, State of Qatar Tel: +974 4665557 Fax : +974 4650680 e-mail : b.venugopalan@ticb.com |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Mario Ruzza |
|
Designation : |
Managing Director |
|
Address : |
Tecnimont ICB House, Chincholi Bunder 504, Link Road,
Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
10.04.1954 |
|
Qualification : |
Degree Civil Engineering |
|
Date of Appointment : |
09.10.2013 |
|
DIN No.: |
00256448 |
|
|
|
|
Name : |
Mr. Gianni Bardazzi |
|
Designation : |
Director |
|
Address : |
VIA Jacopo Nardi, 19, Fireze 50132 Italy |
|
Date of Birth/Age : |
31.01.1965 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
03121568 |
|
|
|
|
Name : |
Mr. Vishwas Dnyanu Desai |
|
Designation : |
Whole-time director |
|
Address : |
Flat No. 1702, Stepps, Building No. 7, Vasant Lawns, Pokharan Road No.
2, Thane (West) – 400610, Maharashtra, India |
|
Date of Birth/Age : |
26.07.1957 |
|
Qualification : |
M B A, B.Sc. Dip. T.D. |
|
Date of Appointment : |
30.09.2013 |
|
PAN No.: |
AADPD4741J |
|
DIN No.: |
05318771 |
|
|
|
|
Name : |
Mr. Thiyagarajan Bhupalasundaram |
|
Designation : |
Whole-time director |
|
Address : |
A-7, Niles Housing Society, Plot No.22, Sector – 14, Navi Mumbai –
400703, Maharashtra, India |
|
Date of Birth/Age : |
30.07.1964 |
|
Qualification : |
B.E. (Mechanical) |
|
Date of Appointment : |
30.09.2013 |
|
PAN No.: |
AAEPB4842K |
|
DIN No.: |
05319033 |
|
|
|
|
Name : |
Mr. Enrico Rolandelli |
|
Designation : |
Director |
|
Address : |
Via Fratelli Kennedy 19,
Inverigo Cono, 22044 |
|
Date of Birth/Age : |
11.01.1963 |
|
Date of Appointment : |
09.10.2013 |
|
DIN No.: |
06584914 |
|
|
|
|
Name : |
Mr. Pedaprolu Surya Prakasa Rao |
|
Designation : |
Whole-time director |
|
Address : |
B/72, Sarad Srishti Co-operative Housing Society Limited, Sector 3,
Mira Road (East), Thane – 401107, Maharashtra, India |
|
Date of Birth/Age : |
14.06.1957 |
|
Qualification : |
M. Tech (Instrumentation) |
|
Date of Appointment : |
30.09.2013 |
|
PAN No.: |
ADFPP0366E |
|
DIN No.: |
06640219 |
KEY EXECUTIVES
|
Name : |
Mr. Brijesh Manmohan Shah |
|
Designation : |
Company Secretary |
|
Address : |
Swastik Park, Plot No: - 328, A Wing, Flat No: -
202,Jawahar Nagar, Goregaon (West), Mumbai – 400062, Maharashtra, India |
|
Date of Appointment : |
01.06.2015 |
|
PAN No.: |
AUDPS8448M |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Tecnimont S.P.A., Italy |
|
1396808 |
|
Tecnimont Planung UND Industrieanlagenbau GMBH, Germany |
|
1 |
|
Total |
|
1396809 |
Equity Share Break up (Percentage of Total Equity)
As on 28.08.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in Design, Engineering, Procurement, Project Management, Construction and Commissioning of Industrial Plants. (Registered activity) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse LLP Chartered Accountants |
|
Address : |
252, Veer Savarkar Marg, Shivaji Park, Dadar-West, Mumbai, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFP3698A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: |
|
|
|
|
|
Ultimate Holding
Company : |
|
|
|
|
|
Associate: |
|
|
|
|
|
Joint venture : |
U45201MH2001PTC134378 |
|
|
|
|
Subsidiary company
: |
|
|
|
|
|
Fellow Subsidiary
company: |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
INR 10/- each |
INR Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1396809 |
Equity Shares |
INR 10/- each |
INR 13.968
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 |
14.000 |
14.000 |
13.968 |
|
(b) Reserves & Surplus |
4801.900 |
4024.500 |
3680.800 |
|
(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) |
4815.900 |
4038.500 |
3694.768 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
33.500 |
30.500 |
36.100 |
|
(d) long-term provisions |
164.600 |
143.500 |
129.900 |
|
Total
Non-current Liabilities (3) |
198.100 |
174.000 |
166.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
438.100 |
|
(b) Trade payables |
1198.200 |
1469.900 |
1288.532 |
|
(c) Other current liabilities |
1993.600 |
2034.400 |
1564.200 |
|
(d) Short-term provisions |
118.500 |
134.100 |
181.200 |
|
Total
Current Liabilities (4) |
3310.300 |
3638.400 |
3472.032 |
|
|
|
|
|
|
TOTAL |
8324.300 |
7850.900 |
7332.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
336.200 |
339.100 |
330.500 |
|
(ii) Intangible Assets |
19.100 |
20.900 |
8.600 |
|
(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 |
11.400 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
81.400 |
70.800 |
68.000 |
|
(d) Long-term Loan and Advances |
438.400 |
298.500 |
343.100 |
|
(e) Other Non-current assets |
132.900 |
111.000 |
88.300 |
|
Total
Non-Current Assets |
1019.400 |
840.300 |
838.500 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
5044.200 |
5578.700 |
5519.200 |
|
(d) Cash and cash equivalents |
1369.200 |
753.900 |
440.000 |
|
(e) Short-term loans and
advances |
320.100 |
304.600 |
250.100 |
|
(f) Other current assets |
571.400 |
373.400 |
285.000 |
|
Total
Current Assets |
7304.900 |
7010.600 |
6494.300 |
|
|
|
|
|
|
TOTAL |
8324.300 |
7850.900 |
7332.800 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
8258.800 |
7014.400 |
6557.600 |
|
|
Other Income |
43.200 |
198.100 |
165.900 |
|
|
TOTAL
|
8302.000 |
7212.500 |
6723.500 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
2083.000 |
1977.500 |
2404.100 |
|
|
Employees benefits expense |
4475.600 |
3980.900 |
3234.600 |
|
|
CSR Expenditure |
0.700 |
0.000 |
5.400 |
|
|
Other expenses |
747.500 |
633.400 |
582.400 |
|
|
TOTAL |
7306.800 |
6591.800 |
6226.500 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
995.200 |
620.700 |
497.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
3.500 |
13.200 |
12.400 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
991.700 |
607.500 |
484.600 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
72.000 |
77.300 |
82.700 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
919.700 |
530.200 |
401.900 |
|
|
|
|
|
|
|
Less |
TAX |
142.300 |
186.500 |
147.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
777.400 |
343.700 |
254.900 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2966.100 |
2622.400 |
2367.500 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
3743.500 |
2966.100 |
2622.400 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
557.00 |
246.05 |
182.50 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
1035.000 |
1014.790 |
172.500 |
|
Net cash flows from (used in) operating activities |
693.400 |
865.790 |
(103.600) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
222.93 |
290.29 |
307.20 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
1.64 |
1.26 |
1.19 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
209.96 |
271.31 |
195.63 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
2.80 |
1.72 |
1.47 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.40 |
0.46 |
0.47 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.12 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.69 |
0.90 |
0.94 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.07 |
0.09 |
0.09 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
284.34 |
47.02 |
40.08 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
9.41 |
4.90 |
3.89 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
9.34 |
4.38 |
3.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
16.14 |
8.51 |
6.90 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.21 |
1.93 |
1.87 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
2.21 |
1.93 |
1.87 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.58 |
0.51 |
0.50 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
31.36 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.21 |
1.93 |
1.87 |
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 |
13.968 |
14.000 |
14.000 |
|
Reserves & Surplus |
3680.800 |
4024.500 |
4801.900 |
|
Net
worth |
3694.768 |
4038.500 |
4815.900 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
438.100 |
0.000 |
0.000 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
438.100 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.119 |
0.000 |
0.000 |
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
|
6557.600 |
7014.400 |
8258.800 |
|
|
|
6.966 |
17.741 |
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
|
6557.600 |
7014.400 |
8258.800 |
|
Profit |
254.900 |
343.700 |
777.400 |
|
|
3.89% |
4.90% |
9.41% |
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 |
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 |
BACKGROUND
Subject (the Company) was incorporated on 9 July 1958. The Company is engaged in Design, Engineering, Procurement, Project Management, Construction and Commissioning of Industrial Plants.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C82521709 |
90235117 |
State Bank of India |
28/04/2005 |
29/02/2016 |
- |
3000000000.0 |
Commercial Branch, N.G.N. Vaidya Marg, Mumbai – 400023, Maharashtra, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against company not acknowledged as debt |
1.500 |
1.500 |
|
Other money for which company is contingently liable |
89.200 |
134.000 |
FIXED ASSETS
- Land
- Buildings
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
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 65.01 |
|
|
1 |
INR 90.12 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWT |
|
|
|
|
Analysis Done by
: |
PRD |
|
|
|
|
Report Prepared
by : |
SUJ |
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 |
NO |
|
--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.