|
|
|
MIRA INFORM REPORT
|
Report No. : |
498000 |
|
Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
QUA WATER TECHNOLOGIES PRIVATE LIMITED (w.e.f. 21.10.2009) |
|
|
|
|
Formerly Known
As : |
MASTERWHEELS ENGINEERING PRIVATE LIMITED |
|
|
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Registered
Office : |
Survey No. 244/2, Rajiv Gandhi Infotech Park, Hinjewadi,
Pune - 411057, Maharashtra |
|
Mobile No.: |
91-9881208268 (Mr. Nilesh) |
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|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
09.02.1970 |
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|
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Com. Reg. No.: |
11-014995 |
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Capital
Investment / Paid-up Capital : |
INR 53.752 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U41000MH1970PTC014995 |
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|
|
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IEC No.: [Import-Export Code No.] |
3110000725 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AABCM1812A |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCM1812A1Z7 |
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|
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Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturing, Exporting, Importing and dealing in waste water treatment plant and systems. (Registered activity and also confirmed by management) |
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No. of Employees
: |
45 (Approximately) |
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 |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Aquatech Systems (Asia) Private Limited”
and was incorporated in the year 1970. It is having satisfactory track
records. It manufactures ultra-filtration modules and fractional
electro-de-ionisation stacks that are used in water and waste water treatment
solutions. For the financial year 2017, the company has increased in its revenue
from operations as compared to previous year and reported average
profitability margin of 2.06%. The company has sound financial base and comfortable capital structure
along with average debt balance sheet. Rating also reflects from its improvement in the revenue as well as
profitability during the year which has wiped out its some part of
accumulated losses. Further, rating also derives strength that strong managerial and
financial support received from its holding company. Trade relations are reported as fair. Business is active. Payments are
seems to be slow but correct. 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
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=BB |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
23.02.2017 |
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 22.03.2018
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 PARTED BY
|
Name : |
Mr. Nilesh |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9881208268 |
|
Date : |
21.03.2018 |
LOCATIONS
|
Registered Office : |
Survey No. 244/2, Rajiv Gandhi Infotech Park, Hinjewadi,
Pune - 411057, Maharashtra, India |
|
Tel. No.: |
91-20-66547000/ 67318000 |
|
Mobile No.: |
91-9881208268 (Mr. Nilesh) |
|
Fax No.: |
91-20-66547070 |
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E-Mail : |
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Website : |
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Factory : |
T-35, General Block, MIDC Bhosari, Pune -411026, Maharashtra,
India |
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Tel. No.: |
91-20-67318000/ 27122273 |
|
Fax No.: |
91-20-67318080 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ramesh Chandra Jaitly |
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|
Designation : |
Director |
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Address : |
Flat No. 4, Garud Heritage, S.No.260/2/10 Building D, Aundh,
Pune - 411007, Maharashtra, India |
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Date of Birth/Age : |
30.04.1936 |
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Date of Appointment : |
30.09.2010 |
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DIN No.: |
00909244 |
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Other Directorship:
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||||||||||||
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Name : |
Mr. Devesh Sharma |
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Designation : |
Director |
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Address : |
55, Apploosa Lane, P.A. Washington 15301 United States |
||||||||||||
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Date of Birth/Age : |
27.01.1977 |
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Date of Appointment : |
13.09.2010 |
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DIN No.: |
01877997 |
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Other Directorship:
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||||||||||||
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Name : |
Mr. Pavan Raina |
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Designation : |
Director |
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|
Address : |
Flat No G-102 Pinnac Kanchanganga, Survey No 155 (Part)
Aundh, Pune 411007, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
01.06.1955 |
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|
Date of Appointment : |
13.09.2010 |
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DIN No.: |
02780284 |
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KEY EXECUTIVES
|
Name : |
Mr. Nilesh |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Aquatech Systems (Asia) Private Limited, India |
|
537515 |
|
Ramesh Chandra Jaitly |
|
5 |
|
Total |
|
537520 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
0.0009302 |
|
Promoters (Body corporate) |
99.9990698 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Exporting, Importing and dealing in waste water treatment plant and systems. (Registered activity and also confirmed by management) |
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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 : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw material |
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Countries : |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers, End Users
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No. of Employees : |
45 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
MSKA and Associates Chartered Accountants |
|
Address : |
MSKA , Floor 6, Building 1, Cerebrum IT Park, Kalyani Park, Pune - 411 014, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFK3470E |
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|
|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
Aquatech Systems (Asia) Private Limited, India (CIN No.: U29197PN1986PTC013151) |
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|
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|
Ultimate Holding
company : |
Aquatech International Corporation |
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|
Associates : |
|
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital : INR 76.500 Million
Issued, Subscribed & Paid-up Capital : INR 76.252
Million
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
540000 |
Equity Shares |
INR 100/- each |
INR 54.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
537520 |
Equity Shares |
INR 100/- each |
INR 53.752
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 |
53.752 |
53.752 |
53.752 |
|
(b) Reserves & Surplus |
(45.454) |
(48.526) |
(40.442) |
|
(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) |
8.298 |
5.226 |
13.310 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
101.411 |
100.805 |
58.936 |
|
(b) Deferred tax liabilities (Net) |
5.574 |
5.522 |
4.112 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
3.060 |
1.733 |
0.000 |
|
Total Non-current
Liabilities (3) |
110.045 |
108.060 |
63.048 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
25.403 |
30.462 |
29.795 |
|
(b) Trade
payables |
18.814 |
22.892 |
16.797 |
|
(c) Other
current liabilities |
42.662 |
36.855 |
66.100 |
|
(d) Short-term
provisions |
1.951 |
9.529 |
0.000 |
|
Total Current
Liabilities (4) |
88.830 |
99.738 |
112.692 |
|
|
|
|
|
|
TOTAL |
207.173 |
213.024 |
189.050 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
131.526 |
137.079 |
143.068 |
|
(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 |
1.717 |
1.717 |
1.719 |
|
(e) Other
Non-current assets |
0.120 |
0.000 |
0.194 |
|
Total Non-Current
Assets |
133.363 |
138.796 |
144.981 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
45.004 |
58.512 |
33.345 |
|
(c) Trade
receivables |
23.410 |
8.372 |
3.954 |
|
(d) Cash
and cash equivalents |
0.937 |
2.419 |
0.476 |
|
(e)
Short-term loans and advances |
4.363 |
4.517 |
4.827 |
|
(f) Other
current assets |
0.096 |
0.408 |
1.467 |
|
Total
Current Assets |
73.810 |
74.228 |
44.069 |
|
|
|
|
|
|
TOTAL |
207.173 |
213.024 |
189.050 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
152.985 |
99.641 |
66.537 |
|
|
Other Income |
9.385 |
0.152 |
1.057 |
|
|
TOTAL |
162.370 |
99.793 |
67.594 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
62.473 |
38.356 |
17.255 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
5.133 |
(20.000) |
(1.133) |
|
|
Employees benefits
expense |
27.477 |
22.080 |
22.572 |
|
|
Other expenses |
40.218 |
40.196 |
35.480 |
|
|
TOTAL |
135.301 |
80.632 |
74.174 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
27.069 |
19.161 |
(6.580) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
17.114 |
19.102 |
22.151 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
9.955 |
0.059 |
(28.731) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.750 |
6.828 |
6.745 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
3.205 |
(6.769) |
(35.476) |
|
|
|
|
|
|
|
Less |
TAX |
0.053 |
1.410 |
1.719 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
3.152 |
(8.179) |
(37.195) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
59.806 |
32.011 |
5.280 |
|
|
TOTAL EARNINGS |
59.806 |
32.011 |
5.280 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
5.505 |
1.17 |
|
|
TOTAL IMPORTS |
0.000 |
5.505 |
1.170 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
5.86 |
(15.22) |
(865.00) |
Expected Sales (2017-2018) : INR 180.000 Million
The above information has been parted by Mr. Nilesh (Accounts Manager)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
0.000 |
22.518 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
16.187 |
(20.677) |
(0.580) |
|
Net cash flow from operating activity |
16.187 |
(20.677) |
(0.580) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
55.85 |
30.67 |
21.69 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
6.54 |
11.90 |
16.83 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
109.92 |
217.84 |
355.31 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.60 |
0.33 |
(0.20) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.21 |
0.14 |
(0.05) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.92 |
0.94 |
1.03 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
15.28 |
25.12 |
8.36 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
10.70 |
19.08 |
8.47 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
15.85 |
26.23 |
10.75 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.58 |
1.00 |
(0.30) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
2.06 |
(8.21) |
(55.90) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.52 |
(3.84) |
(19.67) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
37.99 |
(156.51) |
(279.45) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.83 |
0.74 |
0.39 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.32 |
0.16 |
0.10 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.04 |
0.02 |
0.07 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.36 |
2.44 |
2.07 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.83 |
0.74 |
0.39 |
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 |
53.752 |
53.752 |
53.752 |
|
Reserves & Surplus |
(40.442) |
(48.526) |
(45.454) |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
13.310 |
5.226 |
8.298 |
|
|
|
|
|
|
long-term borrowings |
58.936 |
100.805 |
101.411 |
|
Short term borrowings |
29.795 |
30.462 |
25.403 |
|
Total borrowings |
88.731 |
131.267 |
126.814 |
|
Debt/Equity ratio |
6.666 |
25.118 |
15.282 |
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 |
66.537 |
99.641 |
152.985 |
|
|
|
49.753 |
53.536 |
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 |
66.537 |
99.641 |
152.985 |
|
Profit/(Loss) |
(37.195) |
(8.179) |
3.152 |
|
|
(55.90%) |
(8.21%) |
2.06% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The registered office of the company has been shifted from “206, Pleasant Apts.,15th. Lane, Prabhat Road, Pune – 411004, Maharashtra, India” to the present address w.e.f. 17.07.2009
GENERAL INFORMATION
The Company is a private limited company domiciled in India and primarily engaged in the business of advanced membrane products. The Company has manufacturing plants in India and sells in both domestic and export segment.
STATE OF THE
COMPANY’S AFFAIRS:
In the financial year 2016-17, the Company achieved gross sales of INR 158.482 Million, and has recorded a profit of INR 3.152 Million after tax as compared to previous year’s loss of INR 8.179 Million. The Directors are confident getting more business in the year. Company will also focus in other segments which will support to boost the business growth and increase the turnover and the Shareholders value in the coming year
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans repayable on demand from others |
101.411 |
100.805 |
|
|
|
|
|
Total |
101.411 |
100.805 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G28409894 |
10547882 |
State Bank of India Industrial Finance Branch Pune |
15/12/2014 |
20/09/2016 |
- |
1890400000.0 |
State Bank of India Industrial Finance BranchTara Chambers, 2nd floor, Near Mariaai Policechowky PUNE MAHARASHTRA 411038 INDIA |
|
2 |
B28033041 |
10210664 |
STATE BANK OF INDIA |
24/02/2010 |
29/11/2011 |
- |
166500000.0 |
INDUSTRIAL FINANCE BRANCH,TARA CHAMBERS, MUMBAI-PUNE ROAD, PUNE MAHARASHTRA 411003 INDIA |
|
3 |
A68087105 |
90093503 |
MAHARASHTRA STATE FINANCIAL CORPORATION |
18/01/1978 |
- |
25/08/2009 |
225000.0 |
UNITED INDIA BUILDINGSIR PHEROZSHAH MEHTA ROAD BOMBAY MAHARASHTRA 411001 INDIA |
|
4 |
A59541391 |
90083263 |
BANK OF INDIA |
05/11/1980 |
29/07/1987 |
04/04/2009 |
100000.0 |
PIMPRI BRANCH PUNE MAHARASHTRA 411018 INDIA |
|
5 |
A59540823 |
90089186 |
BANK OF INDIA |
05/11/1980 |
08/01/1990 |
04/04/2009 |
75000.0 |
PIMPRI BRANCH PUNE MAHARASHTRA 411018 INDIA |
|
6 |
A59535583 |
90090045 |
BANK OF INDIA |
14/11/1994 |
- |
04/04/2009 |
288000.0 |
PIMPRI BRANCH PUNE MAHARASHTRA 411018 INDIA |
|
7 |
A59541102 |
90089234 |
BANK OF INDIA |
13/05/1983 |
- |
04/04/2009 |
60000.0 |
PIMPRI BRANCH PUNE MAHARASHTRA 411018 INDIA |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Other plant and equipment
- 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 65.21 |
|
|
1 |
INR 91.32 |
|
Euro |
1 |
INR 79.96 |
INFORMATION DETAILS
|
Information Gathered
by : |
SWE |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
YES |
|
--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.