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MIRA INFORM REPORT
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Report No. : |
508837 |
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Report Date : |
12.05.2018 |
IDENTIFICATION DETAILS
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Name : |
PREMIUM TRANSMISSION PRIVATE LIMITED (w.e.f. 22.12.2017) |
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Formerly Known
As : |
PREMIUM
TRANSMISSION LIMITED (w.e.f. 14.06.2010) PREMIUM ENERGY TRANSMISSION LIMITED (w.e.f. 22.04.2004) BILT INFRASTRUCTURE PRIVATE LIMITED (w.e.f. 31.07.2000) EVEREST FOOD ( |
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Registered
Office : |
Premium House, Mumbai Pune Road, Chinchwad, Pune – 411019,
Maharashtra |
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Mob. No.: |
91-20-27472384 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
26.04.1983 |
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Com. Reg. No.: |
11-411019 |
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Capital
Investment / Paid-up Capital : |
INR 225.000 Million |
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CIN No.: [Company Identification
No.] |
U01119PN1983PTC133199 |
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IEC No.: [Import-Export Code No.] |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
27AADCP2916N1Z4 |
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TIN No.: |
27800242008 |
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PAN No.: [Permanent Account No.] |
AADCP2916N |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Subject is engaged in the business of manufacturing of gear boxes, fluid coupling and geared motors. [Registered Activity] |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 5300000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is subsidiary of “DBH International Private Limited” and was
incorporated in the year 1983. It is having good track. For the financial year 2017, the company has marginal increased in its
revenue from operation as compared to previous year and maintained average
profit margin of 3.85%. General financial position of the company seems to be sound and
healthy along with low debt balance sheet. Further, the company also derives strength from its holding company
support, well established track record of business operations and wide
dealership network in India, presence in international markets. Trade relations are reported as fair. Business is active. Payments are
seems to be regular. 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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA RATING |
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Rating |
Long Term Rating = A+ |
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Rating Explanation |
Adequate degree of safety and low credit risk |
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Date |
31.03.2017 |
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Rating Agency Name |
ICRA RATING |
|
Rating |
Short Term Rating = A1 |
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Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
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Date |
31.03.2017 |
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 12.05.2018.
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
Management Non-Cooperative [Tel. No.: 91-20-66314100]
Tel. No.: 91-20-27472384 Ringing.
LOCATIONS
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Registered Office / Corporate Office : |
Premium House, Unit No.1, PB No.5,
Mumbai Pune Road, Chinchwad, Pune – 411019, Maharashtra, India |
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Tel. No.: |
91-20-66314100 |
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Fax No.: |
91-20-27450287/ 27472384 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory 2: |
G-56/57, MIDC Industrial Area, Chikalthana, Aurangabad - 431210, Maharashtra, India |
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Tel No.: |
91-240-6676304 |
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Fax No.: |
91-240-2485756 |
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Factory 3: |
Plot No B-36, 5 Star Industrial Area, MIDC, Shendra, Aurangabad –
431212, Maharashtra, India |
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Tel No.: |
91-240-6650626 |
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Fax No.: |
91-240-2485756 |
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Email : |
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Factory 4: |
Falta Industrial Growth Centre, Sector-III,
Falta, 24 Parganas (South)- 743504,West Bengal, India |
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Tel No.: |
91-3174-222231/ 32 / 33 / 37 |
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Fax No.: |
91-3174-222234 |
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Regional Offices : |
Located at: ·
Chennai ·
Kolkata ·
Mumbai ·
Nagpur ·
New Delhi |
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Branch Offices : |
Located at: ·
Ahmedabad ·
Bangalore ·
Hyderabad ·
Pune |
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Representative Offices : |
Located at: ·
Jaipur ·
Lucknow ·
Chandigarh ·
Raipur |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Karan Thapar |
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Designation : |
Director |
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Address : |
8, |
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Date of Birth/Age : |
20.03.1957 |
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Qualification : |
Graduate |
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Date of Appointment : |
19.01.2008 |
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DIN No.: |
00004264 |
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Other Directorship:
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Name : |
Mr. Bidadi Anjani Kumar |
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Designation : |
Director |
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Address : |
Flat No.H22, Diamond District Airport Road, Bangalore –
560008, Karnataka, India |
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Date of Appointment : |
31.07.2015 |
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DIN No.: |
00022417 |
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Other Directorship:
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Name : |
Mr. Arvind Kumar Singhal |
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Designation : |
Additional Director |
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Address : |
3 Padmini Enclave Hauz Khas, New Delhi – 110015, India |
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Date of Birth/Age : |
10.08.1958 |
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Date of Appointment : |
07.02.2014 |
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DIN No.: |
00709084 |
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Other Directorship:
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Name : |
Mr. Nagesh Basavanhalli |
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Designation : |
Director |
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Address : |
Flat No.701 7th Floor, Nav Bahar 123 Carter Road, Bandra
(West), Mumbai – 400050, Maharashtra, India |
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Date of Appointment : |
01.08.2017 |
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DIN No.: |
01886313 |
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Other Directorship:
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Name : |
Mr. Santanoo Medhi |
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Designation : |
Managing Director |
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Address : |
#10, Vaswani Ashton Woods, Outer Ring Road, 38/2
Kariyammana Agrahara, Bellandur, Bangalore – 560103, Karnataka, India |
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Date of Birth/Age : |
01.03.1967 |
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Date of Appointment : |
02.10.2012 |
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DIN No.: |
03066413 |
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Other Directorship:
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Name : |
Mr. Vijay Kishore Sharma |
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Designation : |
Director |
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Address : |
12 Totnes Walk East Finchley London N20AD GB |
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Date of Appointment : |
27.07.2012 |
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DIN No.: |
05313925 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Sandeep Kumar Jain |
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Designation : |
Chief Financial Officer (KMP) |
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Address : |
A-602, 43 Privet Drive, Near State Bank of India,
Balewadi, Pune – 411045, Maharashtra, India |
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Date of Appointment : |
12.06.2015 |
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PAN No.: |
ABIPJ3941J |
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Name : |
Nisha Amit Sakaria |
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Designation : |
Company Secretary |
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Address : |
B/B/93, Mahavir Park, Behind Big Bazaar, Pune-Satara Road, Pune – 411037, Maharashtra, India |
|
Date of Appointment : |
04.03.2016 |
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PAN No.: |
ABWPH4412N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
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No. of Shares |
|
DBH International Private Limited |
|
12499980 |
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DBH Mauritius Limited, Mauritius |
|
10000000 |
|
Karan Thapar |
|
5 |
|
Suresh Jain |
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2 |
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Praveen Sachdev |
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2 |
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Santanoo Medhi |
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9 |
|
Sandeep Jain |
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2 |
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Total |
|
22500000 |
Equity Share Break up (Percentage of Total Equity)
As on 01.09.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
55.56 |
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Public - Bodies corporate |
44.44 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing of gear boxes, fluid coupling and geared motors. [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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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Price Waterhouse and Company Chartered Accountants |
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Address : |
7th Floor, Tower A, Wing 1, Business Bay Airport Road, Yerwada, Pune – 411006, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFP3698A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
D B H International Private Limited U74899DL1950PTC057209 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26000000 |
Equity Shares |
INR 10/- each |
INR 260.000 Million |
|
3450000 |
Preference Share |
INR 100/- each |
INR 345.000 Million |
|
|
Total |
|
INR 605.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22500000 |
Equity Shares |
INR 10/- each |
INR 225.000
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET – (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
225.000 |
225.000 |
225.000 |
|
(b) Reserves and Surplus |
1662.101 |
1532.825 |
1460.500 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1887.101 |
1757.825 |
1685.500 |
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
37.500 |
87.500 |
211.499 |
|
(b) Deferred tax liabilities (Net) |
35.615 |
29.742 |
23.143 |
|
(c) Other long-term
liabilities |
4.943 |
5.393 |
6.652 |
|
(d) long-term
provisions |
43.559 |
46.302 |
52.831 |
|
Total Non-current
Liabilities (3) |
121.617 |
168.937 |
294.125 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
294.457 |
323.267 |
371.021 |
|
(b) Trade
payables |
627.940 |
532.761 |
494.517 |
|
(c) Other
current liabilities |
144.273 |
222.824 |
278.359 |
|
(d) Short-term
provisions |
31.423 |
67.396 |
79.437 |
|
Total Current
Liabilities (4) |
1098.093 |
1146.248 |
1223.334 |
|
|
|
|
|
|
TOTAL |
3106.811 |
3073.010 |
3202.959 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1276.206 |
1404.332 |
1428.210 |
|
(ii)
Intangible Assets |
16.855 |
21.251 |
29.515 |
|
(iii) Tangible assets
capital work-in-progress |
4.923 |
3.044 |
10.112 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
43.599 |
43.599 |
43.599 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
159.775 |
77.671 |
88.847 |
|
(e) Other
Non-current assets |
0.111 |
0.056 |
0.000 |
|
Total Non-Current
Assets |
1501.469 |
1549.953 |
1600.283 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
612.653 |
565.069 |
628.409 |
|
(c) Trade
receivables |
866.411 |
745.574 |
754.466 |
|
(d) Cash and
bank balances |
48.934 |
132.732 |
136.103 |
|
(e) Short-term
loans and advances |
77.344 |
78.165 |
73.377 |
|
(f) Other
current assets |
0.000 |
1.517 |
10.321 |
|
Total
Current Assets |
1605.342 |
1523.057 |
1602.676 |
|
|
|
|
|
|
TOTAL |
3106.811 |
3073.010 |
3202.959 |
PROFIT
& LOSS ACCOUNT– (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3354.382 |
3336.947 |
3382.490 |
|
|
Other Income |
11.089 |
33.460 |
13.453 |
|
|
TOTAL |
3365.471 |
3370.407 |
3395.943 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1694.743 |
1690.555 |
1747.161 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(8.800) |
28.678 |
(24.306) |
|
|
Employee benefit expense |
504.184 |
503.476 |
506.651 |
|
|
CSR expenditure |
1.852 |
0.781 |
0.250 |
|
|
Other expenses |
800.050 |
782.729 |
920.263 |
|
|
Exceptional items before tax |
(26.042) |
(52.985) |
0.000 |
|
|
TOTAL |
2965.987 |
2953.234 |
3150.019 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
399.484 |
417.173 |
245.924 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
48.379 |
69.829 |
88.488 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
351.105 |
347.344 |
157.436 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
162.260 |
165.804 |
184.225 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
188.845 |
181.540 |
(26.789) |
|
|
|
|
|
|
|
Less |
TAX |
59.569 |
54.926 |
(21.579) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
129.276 |
126.614 |
(5.210) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
288.577 |
281.972 |
287.791 |
|
|
TOTAL EARNINGS |
288.577 |
281.972 |
287.791 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
132.940 |
149.980 |
99.868 |
|
|
Components and spare
parts |
6.658 |
10.423 |
2.122 |
|
|
Capital Goods |
0.114 |
4.677 |
3.561 |
|
|
TOTAL IMPORTS |
139.713 |
165.080 |
105.552 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.98 |
5.62 |
(0.23) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
50.000 |
112.000 |
125.000 |
|
Net cash flows from (used in) operations |
268.485 |
404.457 |
403.211 |
|
Net cash flows from (used in) operating activities |
201.475 |
356.141 |
353.617 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
94.28 |
81.55 |
81.41 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
3.87 |
4.48 |
4.48 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
135.24 |
115.03 |
103.31 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.65 |
0.74 |
0.39 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.31 |
0.29 |
0.17 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.38 |
0.44 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.20 |
0.30 |
0.42 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
0.58 |
0.65 |
0.73 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.69 |
0.81 |
0.87 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
8.26 |
5.97 |
2.78 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
3.85 |
3.79 |
(0.15) |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
4.16 |
4.12 |
(0.16) |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
6.85 |
7.20 |
(0.31) |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.46 |
1.33 |
1.31 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.90 |
0.84 |
0.80 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.61 |
0.57 |
0.53 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
1.70 |
2.32 |
3.14 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
1.46 |
1.33 |
1.31 |
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 |
225.000 |
225.000 |
225.000 |
|
Reserves & Surplus |
1460.500 |
1532.825 |
1662.101 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1685.500 |
1757.825 |
1887.101 |
|
|
|
|
|
|
Long-term borrowings |
211.499 |
87.500 |
37.500 |
|
Short term borrowings |
371.021 |
323.267 |
294.457 |
|
Current maturities of
long-term debts |
125.000 |
112.000 |
50.000 |
|
Total
borrowings |
707.520 |
522.767 |
381.957 |
|
Debt/Equity
ratio |
0.420 |
0.297 |
0.202 |
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 |
3382.490 |
3336.947 |
3354.382 |
|
|
|
(1.346) |
0.522 |
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 |
3382.490 |
3336.947 |
3354.382 |
|
Profit/ (Loss) |
(5.210) |
126.614 |
129.276 |
|
|
(0.15
%) |
3.79
% |
3.85
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
III.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
225.000 |
225.000 |
|
(b) Reserves and Surplus |
|
1442.910 |
1326.966 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1667.910 |
1551.966 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
48.162 |
121.073 |
|
(b) Deferred tax liabilities (Net) |
|
35.615 |
29.742 |
|
(c) Other long-term
liabilities |
|
4.943 |
5.393 |
|
(d) long-term
provisions |
|
94.685 |
71.233 |
|
Total Non-current
Liabilities (3) |
|
183.405 |
227.441 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
578.452 |
545.478 |
|
(b) Trade
payables |
|
779.325 |
886.071 |
|
(c) Other
current liabilities |
|
293.434 |
345.014 |
|
(d) Short-term
provisions |
|
54.483 |
105.995 |
|
Total Current
Liabilities (4) |
|
1705.694 |
1882.558 |
|
|
|
|
|
|
TOTAL |
|
3557.009 |
3661.965 |
|
|
|
|
|
|
IV.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1393.002 |
1553.784 |
|
(ii)
Intangible Assets |
|
56.787 |
92.766 |
|
(iii) Tangible assets
capital work-in-progress |
|
4.923 |
3.044 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
108.237 |
77.671 |
|
(e) Other Non-current
assets |
|
0.111 |
0.056 |
|
Total Non-Current
Assets |
|
1563.060 |
1727.321 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
841.666 |
879.780 |
|
(c) Trade
receivables |
|
1013.504 |
823.204 |
|
(d) Cash and
bank balances |
|
49.181 |
133.456 |
|
(e)
Short-term loans and advances |
|
89.598 |
96.686 |
|
(f) Other
current assets |
|
0.000 |
1.518 |
|
Total
Current Assets |
|
1993.949 |
1934.644 |
|
|
|
|
|
|
TOTAL |
|
3557.009 |
3661.965 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
4858.325 |
4724.355 |
|
|
Other Income |
|
77.120 |
47.643 |
|
|
TOTAL |
|
4935.445 |
4771.998 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
2183.889 |
2301.788 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
38.089 |
27.256 |
|
|
Employee benefit expense |
|
1191.525 |
1154.476 |
|
|
CSR expenditure |
|
1.852 |
0.781 |
|
|
Other expenses |
|
988.912 |
998.645 |
|
|
Exceptional items before tax |
|
61.969 |
18.607 |
|
|
TOTAL |
|
4466.236 |
4501.553 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
469.209 |
270.445 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
68.139 |
94.997 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
401.070 |
175.448 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
219.721 |
230.793 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
181.349 |
(55.345) |
|
|
|
|
|
|
|
Less |
TAX |
|
59.569 |
48.091 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
121.780 |
(103.436) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
5.412 |
(4.597) |
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 |
GENERAL INFORMATION
Subject is a public limited company domiciled in India and primarily engaged in the business of manufacturing of gear boxes, fluid coupling and geared motors. The Company has manufacturing plants in India and sells in both domestic and export segment.
REVIEW OF OPERATIONS
The Company registered total revenue of INR 3365.400 Million during the year as against INR 3370.400 Million in the previous financial year. The Profit after tax was INR 129.300 Million during the year as against Profit of INR 126.600 Million in the previous financial year.
Revenue from exports during the year was at INR 291.800 Million as compared to INR 277.400 Million in the previous year.
The Company’s focus on aggressive sales in application specific markets has started yielding results. Gear motors and Fluid couplings have registered a growth of 20% and 14% year on year respectively. This has helped in maintaining the overall sales revenue with upward bias in a flat market scenario. Company’s continued efforts on focusing on an application specific product portfolio will fuel further growth in coming years. During the year Company has redrafted the SOPs of Critical Business Processes and implemented them, which brought uniformity of practices across the Company, which in turn helped in achieving effectiveness of controls for IFC testing. During the year THE Company has put in a lot of effort in Debtor management thereby bringing better discipline into credit process; and has also tied up with a Bank that will finance specific dealers, resulting in accelerated sales.
INDEX
OF CHARGES:
|
Charges Registered |
|
|||||||
|
SNo |
SRN |
Charge Id |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
|
1 |
G78073996 |
100157294 |
06/02/2018 |
- |
- |
120000000.0 |
214/215 CITY MALL, PLOT NO. 1S. NO. 132 , GANESH KHIND ROADPUNEMH411007IN |
|
|
2 |
G41153305 |
100089967 |
22/03/2017 |
- |
- |
180000000.0 |
KRM Tower, 7th Floor, No. 1,Harrington Road, Chetpet,Chennai |
|
|
3 |
C53768859 |
10569667 |
22/04/2015 |
- |
- |
250000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WESTMUMBAIMH400013IN |
|
|
4 |
B71173173 |
10412928 |
15/03/2013 |
- |
- |
100000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
|
5 |
B85529212 |
10303841 |
08/07/2011 |
01/08/2013 |
- |
340200000.0 |
214-215,City Mall,2nd Floor,Plot No.1S.No.132,Ganesh Khind Road(University Road)PuneMH411007IN |
|
|
6 |
B21618368 |
10143416 |
28/01/2009 |
02/08/2011 |
- |
75000000.0 |
1262/B Sterling Plaza,Jangali Maharaj RoadDeccan GymkhanaPuneMH411004IN |
|
|
7 |
B29119641 |
10144455 |
21/01/2009 |
14/12/2011 |
- |
201000000.0 |
Industrial Finance BranchTara ChambersPuneMH411003IN |
|
|
8 |
A56968530 |
10127475 |
10/10/2008 |
28/01/2009 |
- |
75000000.0 |
1262/B, STERLING PLAZA,J. M. ROAD, DECCAN GYMKHANA,PUNEMH411004IN |
|
|
9 |
B35877943 |
10074675 |
25/07/2007 |
28/02/2012 |
- |
300000000.0 |
214/215, City Mall, 2nd FloorGaneshkhind (Pune University) RoadPuneMH411007IN |
|
|
10 |
A04680542 |
10019534 |
24/07/2006 |
- |
- |
340000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
|
11 |
G41270802 |
10343653 |
24/02/2012 |
- |
11/04/2017 |
200000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
|
12 |
C74180654 |
10345159 |
28/02/2012 |
- |
02/12/2015 |
100000000.0 |
214- 215 City Mall, 2nd Floor, Plot No 1,S.No 132,GaneshKhind Road (University Road)PuneMH411007IN |
|
|
13 |
C04169470 |
10449918 |
26/08/2013 |
- |
07/04/2014 |
65947622.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
|
14 |
B96701636 |
10066696 |
25/07/2007 |
02/08/2011 |
03/02/2014 |
150000000.0 |
1262/B Sterling Plaza,Jangali Maharaj RoadDeccan GymkhanaPUNEMH411004IN |
|
|
15 |
B78494663 |
10036234 |
28/12/2006 |
- |
06/06/2013 |
100000000.0 |
1262/B, STERLING PLAZA, JANGLI MAHARAJ ROAD,DECCAN GYMKHANAPUNEMH411004IN |
|
|
16 |
A79655148 |
10045128 |
24/02/2007 |
- |
02/02/2010 |
222200000.0 |
1262/B, STERLING PLAZA,JANGLI MAHARAJ ROAD,PUNEMH411004IN |
|
|
17 |
A13691167 |
90044375 |
21/09/2004 |
- |
23/03/2007 |
400000000.0 |
1-A; JANPAHTNEW DELHIDL110001IN |
|
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Factory equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer 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 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 67.22 |
|
|
1 |
INR 90.88 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information Gathered
by : |
SHW |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYO |
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.