|
|
|
MIRA INFORM REPORT
|
Report No. : |
508507 |
|
Report Date : |
10.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
KAVITSU TRANSMISSIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
W-85, Additional MIDC Opposite PMP Auto India, Satara – 415004,
Maharashtra |
|
Tel. No.: |
91-2162-240824 / 240803 / 4 / 5 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
21.12.2000 |
|
|
|
|
Com. Reg. No.: |
11-015653 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 7.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31103PN2000PTC015653 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
3105021132 |
|
|
|
|
TIN No: |
27190018128 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCK9532F1ZI |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK9532F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Designing, Developing and Manufacturing of gear boxes, electric motors
and mechanical transmission machines as well as such other things.
(Registered activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2000. It is a manufacturer of Electric Motor, Generator and Transformer.
|
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 (Suspended) = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
28.12.2016 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term (Suspended) = BB- |
|
Rating Explanation |
Moderate risk of default |
|
Date |
28.12.2016 |
Reason of Suspended: Absence of adequate information.
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 10.05.2018
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 DENIED BY
|
Name : |
Mr. Vipul Shinde |
|
Designation : |
Manager |
|
Contact No.: |
91-9423861555 |
|
Date : |
21.03.2018 |
Tel. No.: 91-2162-240803/ 4 (Management non Cooperative)
LOCATIONS
|
Registered Office : |
W – 85, Additional MIDC, Opposite
PMP Auto India, Satara – 415004, Maharashtra, India |
|
Tel. No.: |
91-2162-24080314/247803/240803/240824 / 240805 |
|
Mobile No.: |
91-9960745960 (Mr. Sandip) 91-9423861555 (Mr. Vipul Shinde) |
|
Fax No.: |
91-2162-245341/240805 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
780 Sq. Mtr. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Jetwell – 12, Additional MICD, Satara – 415004, Maharashtra, India |
|
Area : |
7750 Sq. Mtr. |
|
Location : |
Owned |
|
|
|
|
Marketing Office/ Branch Office : |
Office No. 4, 3rd Floor, Kedar Empire, Opposite SNDT
Collage, Karve Road, Erandawane, Pune – 411004, Maharashtra, India |
|
Tel. No.: |
91-20-25450805 |
|
Area : |
600 Sq. Ft. |
|
Location : |
Owned |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Vasant Gulabrao Phadtare |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
S. No. 491/40, Sardar Bazar, Satara-415001, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
11.08.1957 |
||||||||
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Date of Appointment : |
21.12.2000 |
||||||||
|
DIN No.: |
00506674 |
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|
||||||||
|
Name : |
Mrs. Kalpana Vasant Phadtare |
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|
Designation : |
Additional director |
||||||||
|
Address : |
Kalpavriksha Survey No. 491 / 40 Cooper Bunglow, Kanishka
Hall Road, Sadar Bazar, Satara - 415001, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
01.06.1960 |
||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||
|
DIN No.: |
03261926 |
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Other Directorship:
|
|||||||||
KEY EXECUTIVES
|
Name : |
Mr. Vipul Shinde |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Phadtare Gulabrao Vasant |
525000 |
70.00 |
|
Phadtare Vasant Kalpana |
75000 |
10.00 |
|
Phadtare Vasant Kaustubh |
75000 |
10.00 |
|
Phadtare Vasant Vikrant |
75000 |
10.00 |
|
Total |
750000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Designing, Developing and Manufacturing of gear boxes, electric motors
and mechanical transmission machines as well as such other things.
(Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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|
||||
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Ashtekar and Company Chartered Accountants |
|
Address : |
Office No 14, 3rd Floor, Goldwings, Sarita Nagari, Phase
II, Sinhagad Road, Pune – 411030, Maharashtra, India |
|
Mob. No.: |
91-7722002502 |
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E-Mail : |
|
|
Website : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAZPA3377R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises over
which Key Management Personnel and their relatives exercise significant
influence : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
INR 10/- each |
INR 7.500
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 |
7.500 |
7.500 |
7.500 |
|
(b) Reserves & Surplus |
52.379 |
50.279 |
49.702 |
|
(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) |
59.879 |
57.779 |
57.202 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2.037 |
7.015 |
10.760 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
2.037 |
7.015 |
10.760 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
59.990 |
69.125 |
57.683 |
|
(b) Trade payables |
52.545 |
53.506 |
56.585 |
|
(c) Other current liabilities |
7.175 |
4.702 |
12.102 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
119.710 |
127.333 |
126.370 |
|
|
|
|
|
|
TOTAL |
181.626 |
192.127 |
194.332 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
46.145 |
43.022 |
40.178 |
|
(ii) Intangible Assets |
1.120 |
1.560 |
1.875 |
|
(iii) Capital work-in-progress |
0.083 |
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 |
0.357 |
0.357 |
0.357 |
|
(e) Other Non-current assets |
0.514 |
0.099 |
0.245 |
|
Total
Non-Current Assets |
48.219 |
45.038 |
42.655 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
68.495 |
72.293 |
56.723 |
|
(c) Trade receivables |
51.913 |
52.631 |
71.578 |
|
(d) Cash and cash equivalents |
7.218 |
13.050 |
13.176 |
|
(e) Short-term loans and
advances |
3.858 |
8.195 |
9.871 |
|
(f) Other current assets |
1.923 |
0.920 |
0.329 |
|
Total
Current Assets |
133.407 |
147.089 |
151.677 |
|
|
|
|
|
|
TOTAL |
181.626 |
192.127 |
194.332 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
137.044 |
141.050 |
170.045 |
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
TOTAL
|
137.044 |
141.050 |
170.045 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
62.752 |
60.220 |
90.382 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1.400 |
5.420 |
(3.562) |
|
|
Employees benefits expense |
35.208 |
35.274 |
34.718 |
|
|
Other expenses |
20.968 |
23.039 |
30.936 |
|
|
TOTAL |
120.328 |
123.953 |
152.474 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
16.716 |
17.097 |
17.571 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
11.704 |
11.657 |
10.317 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.012 |
5.440 |
7.254 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
3.327 |
4.326 |
5.152 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
1.685 |
1.114 |
2.102 |
|
|
|
|
|
|
|
Less |
TAX |
(0.414) |
0.536 |
0.720 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
2.099 |
0.578 |
1.382 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
50.280 |
49.702 |
48.903 |
|
|
|
|
|
|
|
Less |
Assets Written Off |
0.000 |
0.000 |
0.583 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
52.379 |
50.280 |
49.702 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Bearings |
1.309 |
0.589 |
1.209 |
|
|
Forged Ring Gear |
0.000 |
0.848 |
1.968 |
|
|
Hydraulik Gear Motor |
0.000 |
0.015 |
0.737 |
|
|
Oil Seals |
0.159 |
0.256 |
0.000 |
|
|
Hob Cutter |
0.005 |
0.000 |
0.000 |
|
|
Gear Hob |
0.046 |
0.000 |
0.000 |
|
|
Planet Gear |
0.024 |
0.000 |
0.000 |
|
|
Allon Bolt |
0.703 |
0.000 |
0.000 |
|
|
Round Bar |
0.138 |
0.108 |
0.000 |
|
|
TOTAL
IMPORTS |
2.384 |
1.816 |
3.914 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
2.80 |
0.77 |
1.84 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
7.175 |
4.702 |
12.102 |
|
Cash generated from operations |
28.096 |
12.561 |
3.882 |
|
Net cash flow from operating activity |
25.958 |
12.111 |
3.882 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
138.26 |
136.20 |
153.64 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.64 |
2.68 |
2.38 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
305.63 |
324.31 |
228.51 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.24 |
0.24 |
0.31 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.35 |
0.38 |
0.42 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.71 |
0.72 |
0.77 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.16 |
1.40 |
1.41 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.00 |
2.20 |
2.21 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.79 |
0.77 |
0.74 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.43 |
1.47 |
1.70 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.53 |
0.41 |
0.81 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.16 |
0.30 |
0.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
3.51 |
1.00 |
2.42 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.11 |
1.16 |
1.20 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.54 |
0.59 |
0.75 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.33 |
0.30 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
9.23 |
10.78 |
10.74 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.11 |
1.16 |
1.20 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
7.500 |
7.500 |
7.500 |
|
Reserves & Surplus |
49.702 |
50.279 |
52.379 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
57.202 |
57.779 |
59.879 |
|
|
|
|
|
|
Long Term borrowings |
10.760 |
7.015 |
2.037 |
|
Short Term borrowings |
57.683 |
69.125 |
59.990 |
|
Current Maturities of Long term debt |
12.102 |
4.702 |
7.175 |
|
Total
borrowings |
80.545 |
80.842 |
69.202 |
|
Debt/Equity
ratio |
1.408 |
1.399 |
1.156 |
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
|
170.045 |
141.050 |
137.044 |
|
|
|
(17.051) |
(2.840) |
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
|
170.045 |
141.050 |
137.044 |
|
Profit |
1.382 |
0.578 |
2.099 |
|
|
0.81% |
0.41% |
1.53% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity –Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONAL
REVIEW:
Gross revenue decreased to INT 137.044 Million against INR 141.050
Million in previous year. Profit before taxation was INR 1.685 million against
INR 1.114 Million in the previous year. The net profit of the company for the
year was places at INR 2.099 Million as against INR 0.578 Million in the
previous year. Board of Directors do not recommend any dividend this year.
BRIEF DESCRIPTION
OF THE COMPANY’S WORKING DURING THE YEAR/STATE OF COMPANY’S AFFAIRS:
Subject is a Company incorporated on 12th December, 2000
under companies Act, 1956. It is classified as Indian Non-Government Company
and is registered at Registrar of Companies, Pune. Company during the year
carried Designing, Developing and Manufacturing of gear boxes, electric motors
and mechanical transmission machines as well as such other things. State of
affairs of the company is improving and the same is maned in efficient manner.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
From Bajaj Finance Limited |
0.000 |
1.439 |
|
From ICICI Bank |
1.044 |
1.415 |
|
From Deutsche bank |
0.000 |
1.714 |
|
From AU Financiers |
0.248 |
0.173 |
|
From Tata Capital Financial Services |
0.745 |
2.274 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
From Bajaj Finance Limited |
0.000 |
1.518 |
|
From Religare Finvest Limited |
0.000 |
1.645 |
|
From HDFC Bank |
0.000 |
0.398 |
|
From ICICI Bank |
1.756 |
0.659 |
|
From Deutsche bank |
1.213 |
1.68 |
|
From Edelweiss Bank |
0.000 |
1.894 |
|
From AU Financiers |
0.349 |
0.180 |
|
From Tata Capital Financial Services |
1.529 |
1.010 |
|
Loan from
Directors and Shareholders: |
|
|
|
K.V. Phadtare |
9.973 |
7.856 |
|
V.G. Phadtare |
1.051 |
0.932 |
|
Total |
44.119 |
24.787 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G86612678 |
100174772 |
State Bank of India |
31/12/2017 |
- |
- |
59500000.0 |
MIDC Satara,Ganesh ChowkRahimatpur RoadSataraMH415004IN |
|
2 |
C47227079 |
80021508 |
State Bank of India |
28/12/2005 |
09/10/2014 |
- |
63500000.0 |
MIDC SATARA BRANCHPLOT NO.52/3, GANESH CHOWK, RAHIMATPUR ROADSATARAMH415004IN |
|
3 |
B14579080 |
90086968 |
STATE BANK OF INDIA |
24/09/2004 |
27/04/2011 |
- |
57443000.0 |
M.I.D.C. SATARA BRANCH,52/3, GANESH CHOWK, RAHIMTPUR ROADSATARAMH415004IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Guarantee issued by banks an behalf of the
company |
5.584 |
4.844 |
FIXED ASSETS
- Land and Infrastructure
- Building
- Plant and Equipment
- Tools and Equipment
- Electric Installation
- Furniture and Fixture
- Vehicle
- Office Equipment
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 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 67.38 |
|
|
1 |
INR 91.07 |
|
Euro |
1 |
INR 79.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVT |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
MTN |
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.