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|
MIRA INFORM REPORT
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Report No. : |
506406 |
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Report Date : |
03.05.2018 |
IDENTIFICATION DETAILS
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Name : |
TECHNOVA IMAGING SYSTEMS PRIVATE LIMITED (w.e.f. 28.02.2001) |
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Formerly Known
As : |
TECHNOVA IMAGING SYSTEMS LIMITED (w.e.f. 14.09.1993) TECHNOVA PLATEMAKING SYSTEMS LIMITED |
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Registered
Office : |
Laxmi Mills Estate, Off. Dr. E. Moses Road, Mahalaxmi, Mumbai -
400011, Maharashtra |
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Tel. No.: |
91-22-42200300 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
29.08.1979 |
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Com. Reg. No.: |
11-021599 |
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Capital
Investment / Paid-up Capital : |
INR 19.637 Million |
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CIN No.: [Company Identification
No.] |
U74999MH1979PTC021599 |
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IEC No.: [Import-Export Code No.] |
0388090774 |
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TIN No.: |
27300000268 |
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PAN No.: [Permanent Account No.] |
AAACT2165J |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACT2165J1ZA |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the manufacturer, exporter,
importer and trader of Imaging Products used by various industries.
(Registered Activity and also Confirmed by management) |
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No. of Employees
: |
1500 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exists |
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Comments : |
Subject was incorporated in the year 1979 and is a manufacturer and trader of imaging products.
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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 Borrowing = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
25.04.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Borrowing = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
25.04.2017 |
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
31-03-2018
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 03.05.2018
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 (GENERAL DETAILS)
|
Name : |
Mr. Atul Kulkarni |
|
Designation : |
Finance Manager |
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Contact No.: |
91-22-24950322 |
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Date : |
02.05.2018 |
LOCATIONS
|
Registered office : |
Laxmi Mills Estate, Off. Dr. E. Moses Road, Mahalaxmi, Mumbai -
400011, Maharashtra, India |
|
Tel. No.: |
91-22-42200300/
27412463 / 27412464 (Extension - 480) / 27402589 / 24983390 /
24938844 / 24950322 |
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Fax No.: |
91-22-24950322/
27410261 |
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E-Mail : |
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Website : |
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Corporate Office / Factory : |
Plot No. E1/2/3, MIDC, Taloja, Raigad - 410208, Maharashtra, India |
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Tel. No.: |
91-22-27412463/ 64 |
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Fax No.: |
91-22-27410261 |
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Domestic Offices : |
Located At :
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Oversees Offices : |
Located At : · Dubai · South Africa · East Africa · United Kingdom and Europe ·
North America ·
Sri Lanka |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Pranav Natvarlal Parikh |
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Designation : |
Managing Director |
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Address : |
18 A, Manek, L. D. Ruparel Marg, Mumbai – 400 006,
Maharashtra, India |
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Date of Birth/Age : |
18.02.1943 |
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Qualification : |
B.Com., MBA Havard |
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Date of Appointment : |
30.11.2013 |
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PAN No.: |
AADPP7768H |
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DIN No.: |
00318726 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Arvindbhai Natvarlal Parikh |
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Designation : |
Director |
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|
Address : |
241, 24th Floor, Urvashi CHS Limited, 66 Petit
Hall, Nepean Sea Road, Mumbai – 400 006, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
19.10.1927 |
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Date of Appointment : |
29.08.1979 |
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PAN No.: |
AABPP7241B |
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DIN No.: |
00319473 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Jagdish Natvarlal Parikh |
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Designation : |
Director |
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|
Address : |
Ocean View, Flat No.104, Bhulabhai Desai Road, Mumbai –
400 026, Maharashtra, India |
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Date of Birth/Age : |
07.02.1930 |
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Date of Appointment : |
29.08.1979 |
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DIN No.: |
00348650 |
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Other
Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Jivan Gulabrai Bhatt |
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Designation : |
Whole Time Director |
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Address : |
556/ A, Shriketan, Adenwala Road, Matunga, Mumbai –
400019, Maharashtra, India |
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Date of Birth/Age : |
23.10.1952 |
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Qualification : |
M.Sc. (North California State University, U.S.A.) |
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Date of Appointment : |
01.06.2017 |
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PAN No.: |
AAAPB8767D |
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DIN No.: |
00435182 |
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Other Directorship:
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Name : |
Mrs. Snehal Arvind Parikh |
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Designation : |
Director |
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Address : |
5, Rushila Building, Carmichal Road, Mumbai – 400026,
Maharashtra, India |
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Date of Birth/Age : |
01.02.1955 |
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PAN No.: |
AGHPP7065K |
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Date of Appointment : |
26.12.1988 |
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DIN No.: |
00467965 |
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Other Directorship:
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Name : |
Mrs. Maya Pranav Parikh |
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Designation : |
Whole Time-Director |
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Address : |
18 A, Manek, L D Ruparel Marg, Malabar Hill Mumbai –
400006, Maharashtra, India |
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Date of Birth/Age : |
27.01.1978 |
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Qualification: |
B.A & Business Management |
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Date of Appointment : |
14.12.2001 |
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PAN No.: |
AFSPP0124P |
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DIN No.: |
00468051 |
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Name : |
Ms. Shelina P. Parikh |
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Designation : |
Whole Time Director |
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Address : |
18 A, Manek, L. D. Ruparel Marg, Mumbai – 400006, Maharashtra,
India |
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Date of Birth/Age : |
25.07.1968 |
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Qualification : |
MBA-Harvard |
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|
Date of Appointment : |
08.07.2014 |
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PAN No.: |
AFVPP8218F |
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DIN No.: |
00468199 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ramkrishnan Gayathri |
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Designation : |
Director |
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|
Address : |
B1402, Anmol, 14th Floor, Opposite Patel Auto, Off S.V.
Road, Goregaon (West), Mumbai – 400062, Maharashtra, India |
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Date of Birth/Age : |
01.03.1963 |
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Qualification : |
B.Sc. |
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Date of Appointment : |
01.11.2016 |
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DIN No.: |
01733464 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mangesh Shripad Kulkarni |
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|
Designation : |
Director |
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Address : |
201, Moti Mahal, 28 Senapari Bapat Marg, Mahim, Mumbai -
400016, Maharashtra India |
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Date of Birth/Age : |
10.06.1942 |
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Qualification : |
Business Management in Production |
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|
Date of Appointment : |
01.04.2017 |
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PAN No.: |
AACPK7623H |
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|
DIN No.: |
00347908 |
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Arvind N Parikh |
|
129100 |
|
Poorvi A Parikh |
|
3600 |
|
Anuradha Parikh and Jagdish Parikh |
|
3600 |
|
Anuradha J Parikh |
|
101900 |
|
Jagdish N Parikh (HUF) |
|
600 |
|
Jagdish N Parikh |
|
1500 |
|
Poorvi A Parikh and Arvind N Parikh |
|
3600 |
|
Pranav N Parikh and Salome Pranav Parikh |
|
214325 |
|
Pranav N Parikh |
|
3300 |
|
Shelina P Parikh |
|
553500 |
|
Savita S Parikh and Snehal A Parikh |
|
3600 |
|
Shelina P Parikh and Pranav N Parikh |
|
109800 |
|
Maya P Parikh |
|
663300 |
|
Snehal A Parikh and Savita S Parikh |
|
64800 |
|
Jivan G Bhatt and Nilakshi Bhatt |
|
1075 |
|
Neal Prashant Parikh |
|
41300 |
|
Jagdish N Parikh and Shila J Parikh |
|
64800 |
|
Total |
|
1963700 |
AS ON 29.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
78.64 |
|
Public/Other than promoters - [Individual/Hindu Undivided Family – Indian] |
19.26 |
|
Public/Other than promoters - [Individual/Hindu Undivided Family - Non-resident Indian (NRI) |
2.10 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the manufacturer, exporter,
importer and trader of Imaging Products used by various industries.
(Registered Activity and also Confirmed by management) |
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|
Products / Services
: |
|
||||||||
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||||||||
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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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||||||||
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Products : |
Finished Goods |
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Countries : |
·
European Countries ·
Middle East |
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||||||||
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Imports : |
|
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Products : |
Raw Material |
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|
Countries : |
·
China ·
Japan ·
Malaysia |
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|
||||||||
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Terms : |
|
||||||||
|
Selling : |
L/C, Cheque, Credit (90 Days), Others (NEFT/ RTGS) |
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|
||||||||
|
Purchasing : |
L/C, Cheque, Credit (90 Days), Others (NEFT/ RTGS) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
1500 (Approximately) |
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|
|
||||||||||||||||||||||
|
Bankers : |
· Saraswat Co-operative Bank Limited, SME, Nariman Point, Mumbai – 400020, Maharashtra, India |
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|
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Shah Sandeep Natverlal Chartered Accountants |
|
Address : |
B 4 1 - 45, Paragon Centre Pandurang Budhkar Marg, Worli, Mumbai-400013, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFN5380N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate (As on
2017): |
Lastra Niraj Private Limited CIN No.: U72900MH1980PTC022514 |
|
|
|
|
Associate
Companies: (As On 31.03.2016) |
· TechNova Graphics Private Limited, India [CIN No. U24110MH1952PTC008855] |
|
|
|
|
Enterprises, where
key management personnel and/or relatives exercise significant
influence: (As On 31.03.2016) |
|
CAPITAL STRUCTURE
As On 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1980000 |
Equity Shares |
INR 10/- each |
INR 19.800 Million |
|
1000000 |
Preference Shares |
INR 100/- each |
INR 100.000 Million |
|
|
Total |
|
INR 119.800
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1963700 |
Equity Shares |
INR 10/- each |
INR 19.637 Million |
|
|
|
|
|
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1980000 |
Equity Shares |
INR 10/- each |
INR 19.800 Million |
|
1000000 |
Preference Shares |
INR 100/- each |
INR 100.000 Million |
|
|
Total |
|
INR 119.800
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1963700 |
Equity Shares |
INR 10/- each |
INR 19.637 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
19.637 |
119.637 |
119.637 |
|
(b) Reserves and Surplus |
1823.895 |
1363.929 |
878.880 |
|
(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) |
1843.532 |
1483.566 |
998.517 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
907.100 |
807.184 |
842.767 |
|
(b) Deferred tax liabilities (Net) |
51.532 |
35.828 |
43.138 |
|
(c) Other long-term
liabilities |
161.843 |
124.702 |
100.431 |
|
(d) long-term
provisions |
138.514 |
121.197 |
97.395 |
|
Total Non-current
Liabilities (3) |
1258.989 |
1088.911 |
1083.731 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1858.221 |
2413.677 |
1923.204 |
|
(b) Trade
payables |
871.786 |
841.520 |
722.127 |
|
(c) Other
current liabilities |
783.517 |
817.672 |
1164.852 |
|
(d) Short-term
provisions |
126.506 |
108.164 |
147.609 |
|
Total Current
Liabilities (4) |
3640.030 |
4181.033 |
3957.792 |
|
|
|
|
|
|
TOTAL |
6742.551 |
6753.510 |
6040.040 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1429.175 |
1422.393 |
1518.753 |
|
(ii)
Intangible Assets |
11.974 |
28.572 |
40.864 |
|
(iii) Tangible assets
capital work-in-progress |
52.737 |
35.229 |
20.129 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
50.820 |
50.820 |
50.820 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
131.718 |
112.584 |
108.955 |
|
(e) Other
Non-current assets |
0.030 |
2.030 |
2.932 |
|
Total Non-Current
Assets |
1676.454 |
1651.628 |
1742.453 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3214.927 |
3343.426 |
2731.017 |
|
(c) Trade
receivables |
1482.049 |
1346.599 |
1239.678 |
|
(d) Cash and
bank balances |
15.219 |
11.540 |
13.134 |
|
(e)
Short-term loans and advances |
307.898 |
314.985 |
247.945 |
|
(f) Other
current assets |
46.004 |
85.332 |
65.813 |
|
Total
Current Assets |
5066.097 |
5101.882 |
4297.587 |
|
|
|
|
|
|
TOTAL |
6742.551 |
6753.510 |
6040.040 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
14314.833 |
13402.976 |
12451.416 |
|
|
Other Income |
55.535 |
107.728 |
135.546 |
|
|
TOTAL |
14370.368 |
13510.704 |
12586.962 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
7452.213 |
7643.224 |
7256.888 |
|
|
Purchases of
Stock-in-Trade |
2136.913 |
1318.733 |
973.876 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(266.794) |
(239.375) |
(182.366) |
|
|
Employee benefit expense |
1335.619 |
1291.296 |
1039.589 |
|
|
CSR expenditure |
7.436 |
1.825 |
0.000 |
|
|
Other expenses |
2462.048 |
2256.956 |
2205.567 |
|
|
Prior period items |
(0.444) |
0.487 |
1.164 |
|
|
Exceptional items |
0.000 |
(42.778) |
0.000 |
|
|
TOTAL |
13126.991 |
12230.368 |
11294.718 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1243.377 |
1280.336 |
1292.244 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
358.572 |
336.522 |
442.829 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
884.805 |
943.814 |
849.415 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
178.814 |
192.867 |
232.724 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
705.991 |
750.947 |
616.691 |
|
|
|
|
|
|
|
Less |
TAX |
246.025 |
255.066 |
207.311 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
459.966 |
495.881 |
409.380 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1590.083 |
1589.991 |
1654.249 |
|
|
Other
Earning |
0.000 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
1590.083 |
1589.991 |
1654.249 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
2923.007 |
3773.536 |
2975.105 |
|
|
Components and spare
parts |
21.192 |
25.230 |
15.690 |
|
|
Capital Goods |
40.439 |
10.936 |
13.891 |
|
|
TOTAL IMPORTS |
2984.638 |
3809.702 |
3004.686 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
234.23 |
247.01 |
203.11 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
35.000 |
387.031 |
|
Net cash flows from (used in) operations |
1389.995 |
531.078 |
1056.473 |
|
Net cash flows from (used in) operating activities |
1145.821 |
305.167 |
857.300 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
37.79 |
36.67 |
36.34 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
9.66 |
9.95 |
10.04 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
33.18 |
34.27 |
32.02 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.39 |
0.38 |
0.47 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.83 |
0.86 |
0.82 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.67 |
0.74 |
0.86 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.50 |
2.19 |
3.16 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.97 |
2.82 |
3.96 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.81 |
1.00 |
1.58 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.47 |
3.80 |
2.92 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
3.21 |
3.70 |
3.29 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
6.82 |
7.34 |
6.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
24.95 |
33.42 |
41.00 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.39 |
1.22 |
1.09 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.51 |
0.42 |
0.40 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.27 |
0.22 |
0.17 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
140.82 |
27.21 |
26.35 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.39 |
1.22 |
1.09 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
119.637 |
119.637 |
19.637 |
|
Reserves & Surplus |
878.880 |
1363.929 |
1823.895 |
|
Net
worth |
998.517 |
1483.566 |
1843.532 |
|
|
|
|
|
|
Long-term borrowings |
842.767 |
807.184 |
907.100 |
|
Short term borrowings |
1923.204 |
2413.677 |
1858.221 |
|
Current maturities of
long-term debts |
387.031 |
35.000 |
0.000 |
|
Total
borrowings |
3153.002 |
3255.861 |
2765.321 |
|
Debt/Equity
ratio |
3.158 |
2.195 |
1.500 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
12451.416 |
13402.976 |
14314.833 |
|
|
|
7.642 |
6.803 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
12451.416 |
13402.976 |
14314.833 |
|
Profit/ (Loss) |
409.380 |
495.881 |
459.966 |
|
|
3.29
% |
3.70
% |
3.21
% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
|
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
19.637 |
|
(b) Reserves and Surplus |
|
|
1863.411 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
1883.048 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
907.100 |
|
(b) Deferred tax liabilities (Net) |
|
|
51.532 |
|
(c) Other long-term
liabilities |
|
|
161.843 |
|
(d) long-term
provisions |
|
|
138.514 |
|
Total Non-current
Liabilities (3) |
|
|
1258.989 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
|
1858.221 |
|
(b) Trade
payables |
|
|
871.786 |
|
(c) Other
current liabilities |
|
|
783.517 |
|
(d) Short-term
provisions |
|
|
126.506 |
|
Total Current
Liabilities (4) |
|
|
3640.030 |
|
|
|
|
|
|
TOTAL |
|
|
6782.067 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
|
1429.175 |
|
(ii) Intangible
Assets |
|
|
11.974 |
|
(iii) Tangible assets
capital work-in-progress |
|
|
52.737 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
90.336 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d)
Long-term
loans and advances |
|
|
131.718 |
|
(e) Other
Non-current assets |
|
|
0.030 |
|
Total Non-Current
Assets |
|
|
1715.970 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
3214.927 |
|
(c) Trade
receivables |
|
|
1482.049 |
|
(d) Cash and bank
balances |
|
|
15.219 |
|
(e)
Short-term loans and advances |
|
|
307.898 |
|
(f) Other
current assets |
|
|
46.004 |
|
Total
Current Assets |
|
|
5066.097 |
|
|
|
|
|
|
TOTAL |
|
|
6782.067 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
|
PARTICULARS |
|
|
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
|
14314.833 |
|
|
Other Income |
|
|
55.535 |
|
|
TOTAL |
|
|
14370.368 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
|
7452.213 |
|
|
Purchases of
Stock-in-Trade |
|
|
2136.913 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
(266.794) |
|
|
Employee benefit expense |
|
|
1335.619 |
|
|
CSR expenditure |
|
|
7.436 |
|
|
Other expenses |
|
|
2462.048 |
|
|
Prior period items |
|
|
(0.444) |
|
|
TOTAL |
|
|
13126.991 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
|
1243.377 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
358.572 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
884.805 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
|
178.814 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
|
705.991 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
246.025 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
|
459.966 |
|
|
|
|
|
|
|
|
Share
Profit of Associates |
|
|
0.982 |
|
|
|
|
|
|
|
|
PROFIT FOR THE YEAR |
|
|
460.948 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
|
|
1590.083 |
|
|
TOTAL EARNINGS |
|
|
1590.083 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
|
|
2923.007 |
|
|
Components and spare
parts |
|
|
21.192 |
|
|
Capital Goods |
|
|
40.439 |
|
|
TOTAL IMPORTS |
|
|
2984.638 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
|
|
234.73 |
LEGAL CASES
HIGH COURT
|
TECHNOVA TAPES INDIA PRIVATE LIMITED. MS.C.DANIEL AND GLADYS DANIEL..VS.. TECHNOVA IMAGING SYSTEMS P. COUNSEL FOR CAVEATOR FOR SOLE RESPONDENT DO FOR REPORTING SETTLEMENT |
|
high court-Uttarakhand |
|
Case no:OSA.59/2017 CMP.4967/2017 |
|
Case status:Pending |
|
Judge:HON'BLE THE CHIEF JUSTICE AND THE HON'BLE MR JUSTICE M. SUNDAR |
|
Date:2017-11-27 |
HIGH COURT
|
TECHNOVA TAPES INDIA PRIVATE LIMITED MS.C.DANIEL AND GLADYS DANIEL.VS.. TECHNOVA IMAGING SYSTEMS P. COUNSEL FOR CAVEATOR FOR SOLE RESPONDENT DO ADJOURNED ADMISSION |
|
high court-Orissa |
|
Case no:OSA.59/2017 CMP.4967/2017 |
|
Case status: Pending |
|
Judge: HON'BLE THE CHIEF JUSTICE AND THE HON'BLE MR JUSTICE M. SUNDAR |
|
Date:2017-11-18 |
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 |
Yes |
|
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 |
No |
|
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 |
Litigations that the firm/promoter
involved in |
Yes |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
Yes |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS [As On
31.03.2016]
Overall operations for the Company were satisfactory. Market experienced pressures from growing competition, inspite of that we were able to retain our market share for. Technology continues to move further from analogue to digital plates and further upscale into Green digital plates and solution, which the Company with active support from its technology partner is able to fully service. Their Company continues to leverage on its distribution reach and focus on cost optimization and value addition initiatives, which have helped it to sustain its operating margins.
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
807.100 |
807.184 |
|
Total |
807.100 |
807.184 |
INDEX OF CHARGE:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G30327811 |
90213299 |
Corporation Bank |
28/12/1998 |
23/11/2016 |
- |
4000000000.0 |
Corporate Banking Branch, Bharat House No.104,Ground Floor, Mumbai Samachar Marg, Fort.MumbaiMH400023IN |
|
2 |
G32881914 |
100020674 |
Saraswat Co-operative Bank Limited |
29/03/2016 |
- |
30/12/2016 |
100000000.0 |
SME, Nariman PointMumbaiMH400020IN |
|
3 |
C55288773 |
90213144 |
THE SARASWAT CO-OP BANK LTD. |
26/02/1998 |
- |
19/05/2015 |
415000.0 |
CENTRAL ADMN. OFFICE; APSARA CINEMA BLDG.; 2ND FLOGRANT ROAD; DR. D. B. MARGMUMBAIMH400007IN |
|
4 |
C50993849 |
90212157 |
THE INDUSTRIAL CREDIT & INVSTMEN CORPORATION OF INDIA LTD. |
22/02/1991 |
17/05/1991 |
14/04/2015 |
5200000.0 |
163BACKBAY RECLAMATIONMUMBAIMH400020IN |
|
5 |
C45883055 |
90212437 |
IDBI Bank Limited |
23/12/1993 |
23/12/1993 |
04/03/2015 |
2000000.0 |
LAXMI ROAD PUNEMH411002 IN |
|
6 |
B68020825 |
90214737 |
CORPORATION BANK |
27/11/1998 |
- |
01/02/2013 |
22500000.0 |
INDUSTRIAL FINANCE BRANCH; 14PUNE MUMBAI ROADPUNEMH411003IN |
|
7 |
B67908707 |
90214736 |
CORPORATION BANK |
24/11/1998 |
21/07/1999 |
01/02/2013 |
225000000.0 |
INDUSTRIAL FINACE BRANCH; 14PUNE MUMBAI ROAD; WAKDEWADIPUNEMH411003IN |
|
8 |
B67120311 |
90213522 |
CORPORATION BANK |
21/03/2000 |
- |
01/02/2013 |
65000000.0 |
INDUSTRIAL FINACE BRANCH; 104BHARAT HOUSE; FORTMUMBAIMH400001IN |
|
9 |
B67909358 |
90213274 |
CORPORATION BANK |
09/11/1998 |
21/07/1999 |
01/02/2013 |
30000000.0 |
INDUSTRIAL FINACE BRANCH; 14PUNE MUMBAI ROAD; WAKDEWADIPUNEMH411003IN |
|
10 |
B67119602 |
90215623 |
CORPORATION BANK WITH OTHER BANK |
28/12/1998 |
19/12/2006 |
01/02/2013 |
2498750000.0 |
IFB BRANCH,104,BHARAT HOUSEGR.FLOOR,MUMBAI SAMACHAR MARG,FORTMUMBAIMH400023IN |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
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, 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 66.78 |
|
UK Pound |
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
TEJ |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.
·