MIRA
INFORM REPORT
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Report Date : |
02.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
RAM PARTAP LEHARIMAL PRIVATE LIMITED |
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Registered Office : |
2038, Katra Tobacco, Khari Baoli, New Delhi – 110 006 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
15.06.1989 |
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Com. Reg. No.: |
55-36633 |
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CIN No.: [Company
Identification No.] |
U74899DL1989PTC036633 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELR08460E |
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PAN No.: [Permanent
Account No.] |
AAACR2311Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importers, Exporters and Traders of Chemicals, Spices and
Wax Products. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 30000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having satisfactory
track records. Directors are reported
as experienced and respectable businessmen.
Trade relations are fair.
Business is active. Payments
are usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
2038, Katra Tobacco, Khari Baoli, New Delhi – 110 006,
India |
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Tel. No.: |
91-11-23978053, 23920542, 23927312 |
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Fax No.: |
91-11-23927312 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Ram Avtar |
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Designation : |
Managing Director |
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Address : |
2551, Chamanwara, Tilak Bazar, Delhi – 110006 |
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Date of Birth : |
10.07.1952 |
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Date of Appointment : |
15.06.1989 |
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DIN / PAN No. : |
00176508 |
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Income-tax PAN No. : |
AAOPA3780H |
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Name : |
Mr. Indermani Gupta |
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Designation : |
Director |
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Address : |
2551, Chamanwara, Tilak Bazar, Delhi – 110006 |
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Date of Appointment : |
18.03.1993 |
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Name : |
Mr. Rakesh Kumar |
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Designation : |
Director |
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Address : |
2551, Chamanwara, Tilak Bazar, Delhi – 110006 |
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Date of Birth : |
03.05.1959 |
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Date of Appointment : |
01.04.1997 |
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DIN No. : |
00176746 |
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Name : |
Mrs. Uma Gupta |
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Designation : |
Director |
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Address : |
2551, Chamanwara, Tilak Bazar, Delhi – 110006 |
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Date of Appointment : |
01.04.1997 |
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Name : |
Ms. Sarita Gupta |
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Designation : |
Director |
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Address : |
2551, Chamanwara, Tilak Bazar, Delhi – 110006 |
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Date of Birth : |
07.02.1963 |
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Date of Appointment : |
01.04.1997 |
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DIN No. : |
01153872 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Ram Avtar |
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8960 |
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Mr. Indermani Gupta |
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2010 |
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Mr. Rakesh Kumar |
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5500 |
BUSINESS DETAILS
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Line of Business : |
Importers, Exporters and Traders of Chemicals, Spices and
Wax Products. |
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Imports : |
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Products : |
Wax, Spices and Chemicals |
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Countries : |
China, Iran, Germany, Japan, U.K., Holland and Brazil |
GENERAL
INFORMATION
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No. of Employees : |
14 |
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Bankers : |
State Bank of India Union Bank of
India Khari Baoli, Delhi – 110006 |
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Banking
Relations : |
Satisfactoyr |
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Auditors : |
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Name : |
J L Garg & Company Chartered Accountants |
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Address : |
3H Big Jos Tower, Netaji Subhash Place, Delhi – 110034, India |
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PAN No.: |
AAAFJ5611N |
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Associates : |
v Shriram & Sons Private Limited 181, Tilak Bazar, New Delhi – 110 006 Annual Turnover : Rs.30.0 millions (approx.) |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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70000 |
Equity Shares |
Rs. 100/- each |
Rs. 7.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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16470 |
Equity Shares |
Rs. 100/- each |
Rs. 1.647
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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1.647 |
1.647 |
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2] Share Application Money |
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3.600 |
3.600 |
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3] Reserves & Surplus |
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2.277 |
1.906 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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7.524 |
7.153 |
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LOAN FUNDS |
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1] Secured Loans |
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5.990 |
2.011 |
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2] Unsecured Loans |
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4.759 |
3.523 |
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TOTAL BORROWING |
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10.749 |
5.534 |
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DEFERRED TAX LIABILITIES |
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0.014 |
0.021 |
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TOTAL |
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18.287 |
12.708 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.125 |
0.133 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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8.109 |
2.723 |
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Sundry Debtors |
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9.729 |
9.546 |
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Cash & Bank Balances |
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0.448 |
1.496 |
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Other Current Assets |
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2.012 |
1.926 |
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Loans & Advances |
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1.220 |
1.032 |
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Total
Current Assets |
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21.518 |
16.723 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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3.013 |
3.785 |
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Provisions |
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0.375 |
0.411 |
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Total
Current Liabilities |
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3.388 |
4.196 |
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Net Current Assets |
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18.130 |
12.527 |
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MISCELLANEOUS EXPENSES |
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0.032 |
0.048 |
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TOTAL |
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18.287 |
12.708 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Sales Turnover |
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-- |
-- |
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Other Income |
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-- |
-- |
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Total Income |
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-- |
-- |
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Profit/(Loss) Before Tax |
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2.794 |
2.318 |
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Provision for Taxation |
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0.517 |
0.411 |
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Profit/(Loss) After Tax |
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2.277 |
1.907 |
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Raw Materials |
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Stores & Spares |
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42.191 |
20.051 |
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Capital Goods |
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Others |
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Total Imports |
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42.191 |
20.051 |
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Expenditures : |
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Depreciation & Amortization |
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2.277 |
1.907 |
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Total Expenditure |
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2.277 |
1.907 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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12.90 |
13.75 |
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Return on Investment (ROI) (PBT/Networth) |
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1.87 |
1.36 |
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Debt Equity Ratio (Total Liability/Networth) |
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6.35 |
3.98 |
LOCAL AGENCY
FURTHER INFORMATION
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Name of the company |
RAM PARTAP LEHARIMAL PRIVATE LIMITED |
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Presented By |
Bank of India,
Khari Baoli, Delhi – 110006 |
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1) Date and description of instrument creating the change |
Hypothecation agreement of goods, debts, assets dated 20.03.1998 |
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2) Amount secured by the charge/amount owing on the securities of
charge |
Rs. 2.000 millions |
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3) Short particular of the property charged. If the property acquired
is subject to charge, date of the acquired of the property should be given |
Hypothecation by way of first charge i. favour of the bank of the
following : - 1. The goods described in schedule hereto including all produce, goods
and movable property of any kind now or at any time hereafter belonging to or
at the disposal of the borrower and which are non stored or being stored or
which hereafter may from time to time be brought into or stored or be in or
about the borrower’s premises or godown/s at 2030, Katra Tobacco, Khari
Baoli, Delhi – 110006 or at any other place in the Union of India or
whereelse they may be 2. The borrower’s book debts, outer, monies receivables claims and
bills which are now due and owing |
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4) Gist of the terms and conditions and extent and operation of the
charge. |
The above is
hypothecated to secure an import LC [DP] limit of Rs. 2.000 millions Margin : 25% Commission : As
per FEDAI rules Payable on
demand |
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5) Name and Address and description of the person entitled to the
charge. |
Union Bank of
India Khari Baoli,
Delhi – 110006 |
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6) Date and brief description
of instrument modifying the charge |
Not Applicable |
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7) Particulars of modifications specifying the terms and conditions or
the extent of operations of the charge in which modification is made and the
details of the modification. |
Not Applicable |
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.59 |
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UK Pound |
1 |
Rs.85.53 |
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Euro |
1 |
Rs.58.14 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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48 |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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