|
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|
MIRA INFORM REPORT
|
Report No. : |
500495 |
|
Report Date : |
30.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SCOPE T AND M PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
SPECIFIC
CYBERNETICS PRIVATE LIMITED |
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|
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|
Registered
Office : |
Aurus Chambers Premises Co-operative Housing Society, A-402, 4th
Floor, C.S. No. 286 Part, S.S. Amrutwar Marg, Worli, Mumbai – 400013,
Maharashtra |
|
Tel. No.: |
91-20-67333999 |
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|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
13.01.1988 |
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Com. Reg. No.: |
11-217675 |
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Capital
Investment / Paid-up Capital : |
INR 29.912 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U74140MH1988PTC217675 |
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|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
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PAN No.: [Permanent Account No.] |
AABCS5002J |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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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 into designing, manufacturing, trading and service
of test and measuring equipments, aluminum cases, protection and control
panels. (Registered Activity) |
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|
|
|
No. of Employees
: |
Information denied 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 : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1988 and is engaged in designing, manufacturing and trading of test and measuring equipment, aluminium cases, protection and control relay panels etc.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term borrowing : BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
30.05.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term borrowing : A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
30.05.2017 |
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 30.03.2018
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 DECLINED
Management non-cooperative (Tel No.: 91-20-67333999/ 91-22-43444244)
LOCATIONS
|
Registered / Corporate Office : |
Aurus Chambers Premises Co-operative Housing Society, A-402, 4th
Floor, C.S. No. 286 Part, S.S. Amrutwar Marg, Worli, Mumbai – 400013,
Maharashtra, India |
|
Tel. No.: |
91-22-43444244 |
|
Fax No.: |
91-22-43444242 |
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E-Mail : |
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|
Website : |
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|
Factory : |
EL 31/11, J Block, MIDC Bhosari, Pune – 411026, Maharashtra, India |
|
Tel. No.: |
91-20-67333999 |
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Fax No.: |
91-20-67333900 |
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E-Mail : |
|
|
|
|
|
R&D Center
: |
R&D, 2nd Floor, Bhakti Plaza, Opposite Aundh Police Station, Near Bremen Chowk, Aundh, Pune-411007, Maharashtra, India |
|
|
|
|
Branch Offices : |
Located at : ·
Chennai ·
New Delhi ·
Kolkata |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Omprakash Venkatswamy Bundellu |
|
Designation : |
Director |
|
Address : |
Flat No.192, Jolly Maker Apartment II, Cuffe Parade, Mumbai – 400005, Maharashtra, India |
|
Date of Appointment : |
10.08.2015 |
|
DIN No.: |
00032950 |
|
|
|
|
Name : |
Mr. Sanjay Chintaman Kulkarni |
|
Designation : |
Director |
|
Address : |
19/20, Mahim Makarand C.H.S., S.V.S. Marg, Mahim, Mumbai – 400016, Maharashtra, India |
|
Date of Birth/Age : |
22.02.1955 |
|
Qualification : |
B. E. (Mach.) |
|
Date of Appointment : |
13.01.1988 |
|
DIN No.: |
00278350 |
|
|
|
|
Name : |
Mrs. Swati Sanjay Kulkarni |
|
Designation : |
Director |
|
Address : |
19/20, Manjiri Mahim Makarand CHS, SVS Marg, Mumbai – 400016, Maharashtra, India |
|
Date of Birth/Age : |
07.05.1961 |
|
Date of Appointment : |
29.06.2010 |
|
DIN No.: |
02404896 |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Sanjay Chintaman Kulkarni |
237204 |
79.30 |
|
Swati Sanjay Kulkarni |
46080 |
15.40 |
|
Sanjay Kulkarni (HUF) |
15840 |
5.30 |
|
Total |
299124 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 25.07.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into designing, manufacturing, trading and service
of test and measuring equipments, aluminum cases, protection and control
panels. (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 : |
Not Divulged |
PRODUCTION STATUS – (As on 31.03.2017)
|
Particulars |
Unit |
Actual
Production |
|
HISAC Series and Its Accessories, TRM (25) 9030 84 00 |
NOS |
607 |
|
UFT Series and Its Accessories, SA 30i, SA 10i |
NOS |
211 |
|
SCOT Series and Its Accessories |
NOS |
122 |
|
CRM Series / TRM Series and Its Accessories |
NOS |
205 |
|
Resistive Transducer and its Accessories |
NOS |
666 |
|
Rechargeable BPP /RTMON / CI Polarity / BRT |
NOS |
13 |
|
TTRM Series (10) |
NOS |
13 |
|
Parts of RTK / DC Tace |
NOS |
26 |
|
Current Booster |
NOS |
5 |
|
Control and Relay Panel |
NOS |
60 |
|
Cases |
NOS |
1068 |
|
Transfer from Shivane unit to Bhosari unit for Captive Consumption |
NOS |
495 |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
·
IDBI Bank Limited |
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Facilities : |
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Auditors : |
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|
Name : |
P A A and Company Chartered Accountants |
|
Address : |
3, Ashlesha 'A' Apartment, Survey No.15/12, Kothrud, Pune – 411038,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFP4715G |
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|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Other related parties : |
·
Isosceles Sales and Service Private Limited ·
Sanjay Kulkarni (HUF) |
CAPITAL STRUCTURE
As on 25.07.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
299124 |
Equity Shares |
INR 100/- each |
INR 29.912 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
29.912 |
14.956 |
14.956 |
|
(b) Reserves & Surplus |
310.613 |
242.556 |
183.813 |
|
(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) |
340.525 |
257.512 |
198.769 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.756 |
0.980 |
13.230 |
|
(b) Deferred tax liabilities
(Net) |
11.148 |
9.453 |
9.046 |
|
(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) |
11.904 |
10.433 |
22.276 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
127.685 |
113.316 |
173.506 |
|
(b) Trade payables |
120.163 |
99.503 |
77.042 |
|
(c) Other current liabilities |
8.628 |
9.707 |
6.719 |
|
(d) Short-term provisions |
171.882 |
113.559 |
93.540 |
|
Total
Current Liabilities (4) |
428.358 |
336.085 |
350.807 |
|
|
|
|
|
|
TOTAL |
780.787 |
604.030 |
571.852 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
65.746 |
64.700 |
64.745 |
|
(ii) Intangible Assets |
1.050 |
0.905 |
0.905 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
66.796 |
65.605 |
65.650 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.376 |
0.376 |
|
(b) Inventories |
52.503 |
51.131 |
40.130 |
|
(c) Trade receivables |
394.877 |
348.618 |
367.624 |
|
(d) Cash and cash equivalents |
206.029 |
98.931 |
51.120 |
|
(e) Short-term loans and
advances |
60.582 |
39.369 |
46.952 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
713.991 |
538.425 |
506.202 |
|
|
|
|
|
|
TOTAL |
780.787 |
604.030 |
571.852 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
864.001 |
619.377 |
566.124 |
|
|
Other Income |
3.970 |
5.201 |
10.475 |
|
|
TOTAL
|
867.971 |
624.578 |
576.599 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Raw Materials Consumed |
69.260 |
47.177 |
48.183 |
|
|
Cost of Raw Materials Consumed
- IAC |
7.885 |
2.472 |
0.000 |
|
|
Cost of Raw Materials Consumed
– Protection |
32.820 |
16.343 |
17.954 |
|
|
Cost of Trade Goods |
214.483 |
180.529 |
169.628 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
6.820 |
(9.326) |
(5.023) |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade - IAC |
0.136 |
(0.051) |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade - Protection |
(5.204) |
0.000 |
8.221 |
|
|
Employees benefits expense |
251.446 |
186.297 |
152.552 |
|
|
Other expenses |
132.565 |
82.871 |
86.110 |
|
|
TOTAL |
705.211 |
506.312 |
477.625 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
162.760 |
118.266 |
98.974 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
14.492 |
16.148 |
19.035 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
148.268 |
102.118 |
79.939 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
7.651 |
8.063 |
8.864 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
140.617 |
94.055 |
71.075 |
|
|
|
|
|
|
|
Less |
TAX |
50.404 |
31.711 |
24.309 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
90.213 |
62.344 |
46.766 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
217.443 |
164.935 |
128.970 |
|
|
|
|
|
|
|
Less |
Leave
encashment of earlier years |
0.000 |
0.000 |
3.388 |
|
|
|
|
|
|
|
Less |
Transferred on account of terminal deprecation |
0.000 |
0.000 |
0.986 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
proposed final dividends on
equity shares |
2.991 |
1.496 |
1.496 |
|
|
Tax on Proposed Equity Shares |
0.609 |
0.304 |
0.254 |
|
|
Transfer to General Reserve |
9.022 |
6.235 |
4.677 |
|
|
interim dividends on equity
shares |
2.991 |
1.496 |
0.000 |
|
|
Tax on Interim Equity
Dividends |
0.609 |
0.305 |
0.000 |
|
|
Balance
Carried to the B/S |
291.434 |
217.443 |
164.935 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
From Sales |
9.916 |
7.441 |
15.312 |
|
|
From Service |
0.000 |
0.458 |
0.458 |
|
|
TOTAL
EARNINGS |
9.916 |
7.899 |
15.770 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
302.00 |
208.00 |
313.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
167.799 |
175.683 |
(1.384) |
|
Net cash generated from operations |
104.019 |
129.894 |
(41.056) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
166.82 |
205.44 |
237.02 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.19 |
1.78 |
1.54 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
137.30 |
147.32 |
119.27 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
3.10 |
2.31 |
2.47 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
2.44 |
1.80 |
1.51 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.55 |
0.56 |
0.64 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.38 |
0.44 |
0.94 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.26 |
1.31 |
1.76 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.20 |
0.25 |
0.33 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
11.23 |
7.32 |
5.20 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
10.44 |
10.07 |
8.26 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
11.55 |
10.32 |
8.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
26.49 |
24.21 |
23.53 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.67 |
1.60 |
1.44 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.54 |
1.45 |
1.33 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.44 |
0.43 |
0.35 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
4.29 |
7.64 |
12.49 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.67 |
1.60 |
1.44 |
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 |
14.956 |
14.956 |
29.912 |
|
Reserves & Surplus |
183.813 |
242.556 |
310.613 |
|
Net
worth |
198.769 |
257.512 |
340.525 |
|
|
|
|
|
|
long-term borrowings |
13.230 |
0.980 |
0.756 |
|
Short term borrowings |
173.506 |
113.316 |
127.685 |
|
Total
borrowings |
186.736 |
114.296 |
128.441 |
|
Debt/Equity
ratio |
0.939 |
0.444 |
0.377 |
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 |
566.124 |
619.377 |
864.001 |
|
|
|
9.407 |
39.495 |
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 |
566.124 |
619.377 |
864.001 |
|
Profit |
46.766 |
62.344 |
90.213 |
|
|
8.26% |
10.07% |
10.44% |
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 |
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 |
NOTE: Registered office of the company has been shifted from 1/4, Lokmanya Nagar, L B S Road, Pune- 411030, Maharashtra, India to the present address w.e.f. 28.04.2011
CORPORATE
INFORMATION
The company is into the business of design, manufacture, trading and service
of test and measuring equipments, aluminum cases, protection and control relay
panels.
PERFORMANCE
The company achieved a turnover of INR 864.000 Million for this year as compared
to last year INR 619.377 Million. This shows 39.50% increase over last year’s
turnover.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
From Directors |
74.395 |
31.793 |
|
Shareholders |
0.265 |
0.265 |
|
Total |
74.660 |
32.058 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G22749253 |
10556571 |
IDBI Bank Limited |
26/02/2015 |
26/10/2016 |
- |
350000000.0 |
IDBI House, Dnyaneshwar Paduka Chowk,F.C RoadPuneMH411004IN |
|
2 |
C62479738 |
90090358 |
State Bank of India |
03/09/1996 |
29/03/2005 |
25/08/2015 |
7200000.0 |
DECCAN GYMKHANA BR.PUNEMH411004IN |
|
3 |
C62481734 |
90087485 |
State Bank of India |
11/11/2005 |
27/03/2014 |
25/08/2015 |
187700000.0 |
Deccan Gymkhana BranchShirole Bhavan, JM RoadPuneMH411004IN |
|
4 |
B74969882 |
90092645 |
STATE BANK OF INDIA |
29/05/2004 |
- |
15/05/2013 |
870000.0 |
DECCAN GYMKHANA BR.PUNEMH411004IN |
|
5 |
B74969080 |
90082640 |
STATE BANK OF INDIA |
22/03/2000 |
- |
15/05/2013 |
7200000.0 |
DECCAN GYMKHANA BR.PUNEMHIN |
|
6 |
B74968330 |
10042030 |
STATE BANK OF INDIA |
01/03/2007 |
- |
15/05/2013 |
17500000.0 |
DECCAN GYMKHANA BRANCH,2ND FLOOR, PMT BLDG.PUNEMH411004IN |
CONTINGENT
LIABILITIES: (As on 31.03.2017)
Contingent Liabilities: Bank Guarantees given by the Company towards Performance and Security Deposit are amounting INR 186.350 Million (Previous year INR 141.778 Million)
The CST Assessments of the Company are completed up to FY 2012-13 resulting Into demand of INR 3.741. The Company has disputed these demands and has filed rectification application against this demand. As the demand is mainly on account of non receipt of C forms, the Company ls confident of getting C forms and resolving the disputes in its favor. However, the Company considers the above liability as contingent in nature.
FIXED ASSETS
·
Leasehold Land
·
Factory Building
·
Industrial Gala
·
Plant and Machinery
·
Furniture and Fittings
·
Office Equipments
·
Vehicles
·
Computer
·
Tools
·
Software
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 64.80 |
|
UK Pound |
1 |
INR 92.26 |
|
Euro |
1 |
INR 80.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
JYTK |
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.
·