|
|
|
%20PRIVATE%20LIMITED%20-%20511035%2025-May-2018_files/image002.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20511035%2025-May-2018_files/image004.jpg)
%20PRIVATE%20LIMITED%20-%20511035%2025-May-2018_files/image006.gif)
MIRA
INFORM REPORT
|
Report No. : |
511035 |
|
Report Date : |
25.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SATEC ENVIR ENGINEERING (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. A/107-108, TTC Industrial Area, MIDC, Khairane, Thane-Belapur
Road, Navi Mumbai-400705, Maharashtra |
|
Tel. No.: |
91-22-40698999/ 40058626 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
30.12.1991 |
|
|
|
|
Com. Reg. No.: |
11-064661 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 328.286 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29197MH1991PTC064661 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0307056937 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS0746E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the
business of Dealing in Pre-Fabricated Shelters, Towers etc. and also focusing
primarily in the Development of Urban, Rural, Agricultural and Power
Infrastructure. [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 |
|
Maximum Credit Limit : |
USD 1834700 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1991 and it is a dealer of pre-fabricated shelters, towers etc. Management has failed to file its latest financials with Government Registry. As per available financials of March 2016, the company has registered a growth of 57.46% in its revenue as compared to its previous year’s revenue and has reported average profit margin of 2.44%. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with average debt coverage indicators and decent liquidity position. Further, the company has reported Earnings Per Share of INR 84.05 against its face value of INR 100. Payment seems to be slow but correct. 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 |
|
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 |
BRICKWORKS |
|
Rating |
Long Term Rating = BB+ [Issuer
Non-Cooperative] |
|
Rating Explanation |
Moderate risk of default |
|
Date |
07.05.2018 |
|
|
|
|
Rating Agency Name |
BRICKWORKS |
|
Rating |
Short Term Rating = A4 [Issuer
Non-Cooperative] |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk |
|
Date |
07.05.2018 |
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 25.05.2018.
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 DECLINED BY
|
Name : |
Mrs. Rakhi |
|
Designation : |
Admin Department |
|
Contact No.: |
91-22-40698999 |
|
Date : |
24.05.2018 |
LOCATIONS
|
Registered Office : |
Plot No. A/107-108, TTC Industrial Area, MIDC, Khairane, Thane-Belapur
Road, Navi Mumbai-400705, Maharashtra, India |
|
Tel. No.: |
91-22-40698999/ 40058626 |
|
Fax No.: |
91-22-40058626 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
C - 102, 1st Floor, C Wing, Waterford Building C.D. Barfiwala Marg,
Juhu Lane, Andheri (West), Mumbai-400058, Maharashtra, India |
|
Tel. No.: |
91-22-40698999 |
|
|
|
|
Factory : |
34KM, Bhuj-Bhachau Road, Plot No. 147, Village, Kaniyaber, Tal. Bhuj,
Kutch – 370020, Gujarat, India |
|
Email : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Amar Prakash Mahavir Prasad Agarwal |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
1505, Stellar Tower, 2nd Cross Lane, Lokhandwala Complex, Andheri
(West), Mumbai-400053, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.12.1957 |
|||||||||||||||||||||||||||
|
Qualification : |
MBA |
|||||||||||||||||||||||||||
|
Date of Appointment : |
10.12.2002 |
|||||||||||||||||||||||||||
|
PAN No.: |
ADBPA0382R |
|||||||||||||||||||||||||||
|
DIN No.: |
01431926 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Bandu Babu Thik |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
601/602 B Wing, Fairlink Center, New Link Road, Mumbai-400053,
Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.06.1975 |
|||||||||||||||||||||||||||
|
Qualification : |
SSC |
|||||||||||||||||||||||||||
|
Date of Appointment : |
08.11.2014 |
|||||||||||||||||||||||||||
|
PAN No.: |
AJFPT5229A |
|||||||||||||||||||||||||||
|
DIN No.: |
07011612 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Vijay Vinod Mulwani |
|
Designation : |
Company Secretary |
|
Address : |
B/4, Geetanjali C.H.S, Mulund (East), Mumbai – 400081, Maharashtra, India |
|
Date of Appointment : |
17.08.2016 |
|
PAN No.: |
BKFPM2847D |
|
|
|
|
Name : |
Mrs. Rakhi |
|
Designation : |
Admin Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2016
|
Names of Equity Shareholders |
|
No. of Shares |
|
Amar Prakah Agarwal |
|
534675 |
|
Gaurav Agarwal |
|
125 |
|
Sujata Agarwal |
|
125 |
|
Trans Fleet Limited, India |
|
233333 |
|
|
|
|
|
Total |
|
768258 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Essa Aircons Limited, India |
|
808600 |
|
Micronet Real Estate Private Limited, India |
|
906000 |
|
Abbie Infraventures Private Limited, India |
|
600000 |
|
Trans Fleet Limited, India |
|
200000 |
|
|
|
|
|
Total |
|
2514600 |
AS ON 30.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters
– Individual/Hindu Undivided Family (Indian) |
69.60 |
|
Public/
Other than Promoters – Individual/Hindu Undivided Family (Indian) |
0.03 |
|
Public/
Other than Promoters – Body Corporate |
30.37 |
|
|
|
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20511035%2025-May-2018_files/image008.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the
business of Dealing in Pre-Fabricated Shelters, Towers etc. and also focusing
primarily in the Development of Urban, Rural, Agricultural and Power
Infrastructure. [Registered Activity] |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· Bank of Baroda Mid Corporate Branch, 105, 10th Floor, Maker Chambers III, Nariman Point, Mumbai-400021, Maharashtra, India · Central Bank of India Central Bank Building First Floor, M. G Road, Fort, Mumbai-400023, Maharashtra, India · Bank of Maharashtra S No. 53/1, Kawade Patil Corner, B T Kawade Road, Ghorpadi, Pune-411036, Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Murarilal Agrawal and Associates Chartered Accountants |
|
Address : |
116, Chandrika ‘A’, Vikas Housing Complex, Near Tulinj Water Tank, Nallasopara (East),Thane – 401209, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABAPA7417J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Related Parties : |
·
Ai Ravat Industries Private Limited ·
Transfleet Limited ·
Abbie Infraventure Private Limited ·
Satec Solar Energy Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 100/- each |
INR 100.000 Million |
|
2600000 |
Preference Shares |
INR 100/- each |
INR 260.000 Million |
|
|
Total |
|
INR 360.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
768258 |
Equity Shares |
INR 100/- each |
INR 76.826 Million |
|
2514600 |
Preference Shares |
INR 100/- each |
INR 251.460 Million |
|
|
Total |
|
INR 328.286
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
328.286 |
268.286 |
248.286 |
|
(b) Reserves & Surplus |
288.872 |
220.940 |
177.424 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
25.000 |
60.000 |
80.000 |
|
Total
Shareholders’ Funds (1) + (2) |
642.158 |
549.226 |
505.710 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
262.469 |
68.531 |
22.245 |
|
(b) Deferred tax liabilities (Net) |
15.380 |
14.838 |
14.350 |
|
(c)
Other long term liabilities |
23.433 |
7.823 |
22.037 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
301.282 |
91.192 |
58.632 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
851.127 |
551.750 |
455.450 |
|
(b)
Trade payables |
382.278 |
181.822 |
251.759 |
|
(c)
Other current liabilities |
61.325 |
122.471 |
99.166 |
|
(d)
Short-term provisions |
52.808 |
41.573 |
22.315 |
|
Total
Current Liabilities (4) |
1347.538 |
897.616 |
828.690 |
|
|
|
|
|
|
TOTAL |
2290.978 |
1538.034 |
1393.032 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
201.453 |
194.772 |
208.562 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
167.730 |
8.895 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
5.422 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
369.183 |
203.667 |
213.984 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
543.031 |
417.199 |
472.159 |
|
(c)
Trade receivables |
1005.076 |
581.340 |
409.267 |
|
(d)
Cash and cash equivalents |
130.770 |
81.076 |
87.934 |
|
(e)
Short-term loans and advances |
90.627 |
117.963 |
102.542 |
|
(f)
Other current assets |
152.291 |
136.789 |
107.146 |
|
Total
Current Assets |
1921.795 |
1334.367 |
1179.048 |
|
|
|
|
|
|
TOTAL |
2290.978 |
1538.034 |
1393.032 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
2651.457 |
1683.936 |
1487.320 |
|
|
|
Other Income |
0.000 |
0.000 |
0.135 |
|
|
|
TOTAL |
2651.457 |
1683.936 |
1487.455 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2223.199 |
1250.706 |
1237.205 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(99.827) |
66.565 |
(112.057) |
|
|
|
Employees benefits expense |
47.053 |
72.572 |
60.837 |
|
|
|
Other expenses |
230.450 |
112.147 |
157.481 |
|
|
|
Prior Period Items |
4.687 |
0.000 |
0.000 |
|
|
|
TOTAL |
2405.562 |
1501.990 |
1343.466 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
245.895 |
181.946 |
143.989 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
132.753 |
101.504 |
75.616 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
113.142 |
80.442 |
68.373 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
15.304 |
15.384 |
11.361 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX |
97.838 |
65.058 |
57.012 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
33.264 |
21.108 |
12.220 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER TAX |
64.574 |
43.950 |
44.792 |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss) Per Share (INR) |
84.05 |
57.21 |
58.30 |
|
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 |
0.000 |
0.000 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from (used in) Operations |
(159.076) |
(17.153) |
(88.603) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
138.36 |
126.01 |
100.44 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.64 |
2.90 |
3.63 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
62.76 |
53.06 |
74.27 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.45 |
0.44 |
0.30 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.67 |
0.89 |
0.69 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.70 |
0.63 |
0.61 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.73 |
1.13 |
0.94 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.10 |
1.63 |
1.64 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.57 |
0.37 |
0.41 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.85 |
1.79 |
1.90 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.44 |
2.61 |
3.01 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.82 |
2.86 |
3.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.06 |
8.00 |
8.86 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.43 |
1.49 |
1.42 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.02 |
1.02 |
0.85 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.28 |
0.36 |
0.36 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.39 |
2.31 |
1.92 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.43 |
1.49 |
1.42 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL DATA
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
248.286 |
268.286 |
328.286 |
|
Reserves & Surplus |
177.424 |
220.940 |
288.872 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
80.000 |
60.000 |
25.000 |
|
Net
worth |
505.710 |
549.226 |
642.158 |
|
|
|
|
|
|
long-term borrowings |
22.245 |
68.531 |
262.469 |
|
Short term borrowings |
455.450 |
551.750 |
851.127 |
|
Current Maturities of Long
term debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
477.695 |
620.281 |
1113.596 |
|
Debt/Equity
ratio |
0.945 |
1.129 |
1.734 |
%20PRIVATE%20LIMITED%20-%20511035%2025-May-2018_files/image010.gif)
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 |
1487.320 |
1683.936 |
2651.457 |
|
|
|
13.219 |
57.456 |
%20PRIVATE%20LIMITED%20-%20511035%2025-May-2018_files/image012.gif)
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 |
1487.320 |
1683.936 |
2651.457 |
|
Profit |
44.792 |
43.950 |
64.574 |
|
|
3.01% |
2.61% |
2.44% |
%20PRIVATE%20LIMITED%20-%20511035%2025-May-2018_files/image014.gif)
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) |
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 |
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 |
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G48403869 |
100109781 |
BANK OF BARODA |
30/06/2017 |
- |
- |
40000000.0 |
47, SARSWATI SADAN, BHULABHAI DESAI ROAD,MUMBAI 400026.MUMBAIMH400026IN |
|
2 |
G40755449 |
100089862 |
SYNDICATE BANK |
22/03/2017 |
- |
- |
350000000.0 |
MALLESHWARAM 18TH CROSS BRANCH, NO.64,215,MARGOSA ROAD ,18TH CROSS ,MALLESHWARAMBANGALOREKA560055IN |
|
3 |
G28248805 |
100063743 |
BANK OF BARODA |
30/11/2016 |
- |
- |
20000000.0 |
MID CORPORATE BRANCH, 105,10TH FLOOR,MAKER CHAMBERS III, NARIMAN POINT,MUMBAIMH400021IN |
|
4 |
G13424619 |
100053076 |
CENTRAL BANK OF INDIA |
03/10/2016 |
- |
- |
240000000.0 |
CENTRAL BANK BUILDING FIRST FLOOR M. G ROADFORT MUMBAIMUMBAIMH400023IN |
|
5 |
G09353384 |
100044163 |
BANK OF BARODA |
30/07/2016 |
- |
- |
100000000.0 |
,PLOT NO:107/108, A MIDC TTC INDUSTRIAL AREA,VILLAGE : BORIVALI, KOPERKHARANE, NAVI MUMBAIMUMBAIMH400705IN |
|
6 |
G09353012 |
100044151 |
BANK OF BARODA |
30/07/2016 |
- |
- |
125000000.0 |
,PLOT NO:107/108, A MIDC TTC INDUSTRIAL AREA,VILLAGE : BORIVALI, KOPERKHARANE, NAVI MUMBAIMUMBAIMH400705IN |
|
7 |
C52102985 |
10566645 |
BANK OF MAHARASHTRA |
17/12/2014 |
- |
- |
95000000.0 |
S NO. 53/1, KAWADE PATIL CORNERB T KAWADE ROAD, GHORPADIPUNEMH411036IN |
|
8 |
G46385829 |
10442532 |
BANK OF BARODA |
26/06/2013 |
09/05/2017 |
- |
2140000000.0 |
47, SARSWATI SADAN, BHULABHAI DESAI ROAD,MUMBAI 400026MUMBAIMH400026IN |
|
9 |
B69322907 |
10407402 |
BANK OF BARODA |
07/02/2013 |
- |
- |
30000000.0 |
MARINE DRIVE BRANCH, GIRI KUNJ,71, MARINE DRIVE,MUMBAIMH400020IN |
|
10 |
C46205753 |
10317071 |
BANK OF BARODA |
04/10/2011 |
07/03/2015 |
- |
742800000.0 |
MARINE DRIVE BRANCH,GIRI KUNJ, 71, MARINE DRIVE,MUMBAIMH400020IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Fully convertible debentures banks |
100.000 |
0.000 |
|
Term loans from banks |
67.106 |
1.580 |
|
|
|
|
|
Total |
167.106 |
1.580 |
CORPORATE INFORMATION
Subject is a private
company domiciled in India and incorporated under the provisions of the
Companies Act, 1956. The company is engaged in the business of Dealing in Pre-Fabricated
Shelters, Towers etc. Satec is a next generation infrastructure company
focusing primarily in the development of urban, rural, agricultural and power
infrastructure.
REVIEW OF OPERATIONS
The Total Revenue has for
the year ended 31st March 2016 was INR 2651.457 Million as compared to INR
1683.936 Million in the year ended 31st March 2015. The Total Revenue has shown
a robust growth of 36.5% (approx.) as compared to the previous year. The
Profitability ratios have also shown improvement over the previous year. The
Profit before Tax has increased by 33.50% (approx.) in 2015-16 as compared to
that of previous F.Y. The Profit after Tax has increased by 31.94% (approx.) in
FY 2015-16.
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 68.39 |
|
UK Pound |
1 |
INR 91.44 |
|
Euro |
1 |
INR 80.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHR |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
IND |
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.