|
|
|
MIRA INFORM REPORT
|
Report No. : |
509103 |
|
Report Date : |
15.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
CONSILIUM AUTOMATION AND FIRE PROTECTION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No 401, 4th Floor, Mint-Indiabulls, Behind
Hiranandani Meadows, Near Hyde Park, Manpada Thane West - 400610, Maharashtra
|
|
Mobile No.: |
91-8369786962 (Mr. Dinesh Parab) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
04.05.2016 |
|
|
|
|
Com. Reg. No.: |
11-280639 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74996MH2016FTC280639 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAGCC4417N1ZE |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCC4417N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 3900 |
|
|
|
|
Status : |
Relatively new business |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of “Consilium Middle East (FZC) incorporated in the year 2016 and it is having moderate track record. The subject is engaged in business of maintaining, repairing and providing services of reservoirs, tanks, vats and similar container as well and fire protection and automation services. For the financial year 2017, the company has achieved revenue of INR 29.43 million from its first year of its business operation and has clocked a net profit margin of 1.28% during the year. The general financial position of the concern is reflected by moderate capital base and low cash accruals. Rating further gets constrained on account of short track record of its business operation and its presence in highly competitive service industry. Payment seems to be slow but correct. In view of aforesaid, the concern can be considered for business dealing with some caution. |
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
NOT AVAILABLE
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 15.05.2018
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
|
Name : |
Mr. Dinesh Parab |
|
Designation : |
Senior Manager |
|
Contact No.: |
91-8369786962 |
|
Date : |
14.05.2018 |
LOCATIONS
|
Registered Office : |
Unit No 401, 4th Floor, Mint-Indiabulls, Behind
Hiranandani Meadows, Near Hyde Park, Manpada Thane West - 400610,
Maharashtra, India |
|
Tel. No.: |
91-22-21739745 |
|
Mobile No.: |
91-8369786962 (Mr. Dinesh Parab) |
|
Fax No.: |
91-22-67937921 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Branch Office: |
Located at
|
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Sharath Veedu Thazhathe |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
Sharanya 892/46 Chethana Nagar CIDCO, Nasik -422009,
Maharashtra, India |
||||||||||||||||||||
|
Date of Appointment : |
04.05.2016 |
||||||||||||||||||||
|
DIN No.: |
02559237 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Pulienkeezh Varghese Varghese |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
Vini Gardensia 204 Mandapeshwar Road, Borivali - West,
Mumbai 400103, Maharashtra, India |
||||||||||||||||||||
|
Date of Appointment : |
04.05.2016 |
||||||||||||||||||||
|
DIN No.: |
02802995 |
||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Dinesh Parab |
|
Designation : |
Senior Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Consilium Middle East (FZC), United Arab Emirates |
|
9999 |
|
Pulienkeezh Varghese Varghese (Nominee on behalf of Consilium Middle
East (FZC), United Arab Emirates) |
|
1 |
|
Total |
|
10000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.12.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Countries : |
Middle East |
|
|
|
|
Imports : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Others (NEFT / RTGS) |
|
|
|
|
Purchasing : |
L/C and Others (NEFT / RTGS) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Nair and Nair Associates Chartered Accountants |
|
Address : |
A-107/108, Premnath Maruti Patil Marg, Sector 17, Om Rachna Corporate Housing
Society Limited, Vashi, Navi Mumbai – 400705, India |
|
Tel. No.: |
91-22-40737000 |
|
Fax No.: |
91-22-40737000 |
|
E-Mail : |
|
|
Website: |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFN0372K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associated Enterprise with common director and holds 100% shares : |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 100/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 100/- each |
INR 1.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
04.05.2016 To 31.03.2017 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
1.000 |
|
(b) Reserves &
Surplus |
|
|
0.376 |
|
(c) Money received against
share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
|
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
|
1.376 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
15.565 |
|
(b) Deferred tax
liabilities (Net) |
|
|
0.009 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
15.574 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
0.000 |
|
(b) Trade payables |
|
|
15.922 |
|
(c) Other current
liabilities |
|
|
6.133 |
|
(d) Short-term provisions |
|
|
0.536 |
|
Total Current Liabilities
(4) |
|
|
22.591 |
|
|
|
|
|
|
TOTAL |
|
|
39.541 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
0.682 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital
work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets
under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
0.000 |
|
(c) Deferred tax assets
(net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
0.923 |
|
(e) Other Non-current
assets |
|
|
0.582 |
|
Total Non-Current Assets |
|
|
2.187 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
9.654 |
|
(c) Trade receivables |
|
|
27.026 |
|
(d) Cash and cash
equivalents |
|
|
0.404 |
|
(e) Short-term loans and
advances |
|
|
0.230 |
|
(f) Other current assets |
|
|
0.040 |
|
Total Current Assets |
|
|
37.354 |
|
|
|
|
|
|
TOTAL |
|
|
39.541 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
04.05.2016 To 31.03.2017 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
29.426 |
|
|
Other Income |
|
|
0.000 |
|
|
TOTAL |
|
|
29.426 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
|
30.609 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
(9.654) |
|
|
Employees benefits
expense |
|
|
3.430 |
|
|
Other expenses |
|
|
4.066 |
|
|
Extraordinary items |
|
|
0.008 |
|
|
TOTAL |
|
|
28.459 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
|
0.967 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
0.271 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
0.696 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.146 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
|
0.550 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.174 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
|
0.376 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
37.59 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
800.000 |
Expected Sales (2018-2019): INR 950.000 Million (Due to business growth)
The above information has been parted by Mr. Dinesh Parab
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
|
04.05.2016 To 31.03.2017 |
|
|
|
|
|
|
Current Maturities of Long term debt |
|
|
0.000 |
|
|
|
|
|
|
Cash generated from operations |
|
|
(15.332) |
|
|
|
|
|
|
Net cash flows from (used in) operations |
|
|
(15.332) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
04.05.2016 To 31.03.2017 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
|
335.23 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
|
1.09 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
|
189.86 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
|
0.10 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
|
1.42 |
LEVERAGE RATIOS
|
PARTICULARS |
|
|
04.05.2016 To 31.03.2017 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
|
0.96 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
|
11.31 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
|
16.42 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
|
0.50 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
|
3.57 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
|
04.05.2016 To 31.03.2017 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
|
1.28 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
|
0.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
|
27.33 |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
04.05.2016 To 31.03.2017 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
|
1.65 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
|
1.23 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
|
0.03 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
|
15.57 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
|
1.65 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last about two years
and eleven months |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last about one years and
eleven months |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
INDEX OF CHARGE: NO CHARGES EXISTS FOR COMPANY
OPERATIONS
The company is engaged in the activities pertaining to business of
engineering, contracting and construction, including the design manufacture,
construction, erection, alteration, repair and installation of plants,
building, structures, ways, works, building automation systems and mechanical,
electrical and electronic machinery, equipment, apparatus and devices which are
mainly used in the oil and gas and shipping industry recreational,
infrastructure industry, shipping industry subject to the rules and regulation
issued by the reserve bank of India and such other Government authorities from
time to time.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
|
As
on 31.03.2017 |
|
LONG TERM
BORROWING |
|
|
|
Consilium Middle East (FZC), India |
|
10.565 |
|
Consilium Middle East (FZC), United Arab Emirates |
|
5.000 |
|
Total |
|
15.565 |
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 67.32 |
|
|
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.