MIRA
INFORM REPORT
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Report Date : |
27.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
KGS
PRINTEK PRIVATE LIMITED |
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Registered Office : |
327,
Basant Avenue, Amritsar, Punjab |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
22.12.1992 |
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Com. Reg. No.: |
16-12850 |
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CIN No.: [Company
Identification No.] |
U22222PB1992PTC012850 |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Subject
is engaged in business of Printing, Publishing, Building of Books, Magazine,
Catalogue, Calendars, Brouchers, Pamphlets, Forms and any other related to
printing |
RATING & COMMENTS
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MIRAs 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
15000 |
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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
reported as 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 : |
327,
Basant Avenue, Amritsar, Punjab |
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Tel. No.: |
91-172-2704378/2707121 |
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E-Mail.: |
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Head
Office : |
F
92, Industrial Area, Phase 7, Mohali, Chandigarh |
DIRECTORS
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Name : |
Mr. K
G Rana |
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Designation : |
Director
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Address : |
327,
Basant Avenue, Amritsar, Punjab |
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Date of Appointment : |
22.12.1992 |
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Name : |
Mr.
Satish Rana |
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Designation : |
Director
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Address : |
327,
Basant Avenue, Amritsar, Punjab |
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Date of Appointment : |
22.12.1992 |
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Name : |
Mr.
Rakesh Rana |
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Designation : |
Director
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Address : |
327,
Basant Avenue, Amritsar, Punjab |
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Date of Appointment : |
22.12.1992 |
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Name : |
Mr.
Rajesh Rana |
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Designation : |
Director
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Address : |
327,
Basant Avenue, Amritsar, Punjab |
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Date of Appointment : |
22.12.1992 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
No. of Shares |
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Mr. K
G Rana |
1510 |
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Mr.
Satish Rana |
480 |
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Mr.
Rakesh Rana |
3005 |
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Mr.
Rajesh Rana |
2685 |
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Ms.
Meenakshi Rana |
1240 |
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Ms.
Nalini Rana |
1290 |
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Mr. M
A Bhatt |
290 |
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Mr.
Rubinder Singh |
6500 |
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Total |
17000 |
BUSINESS DETAILS
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Line of Business : |
Subject
is engaged in business of Printing, Publishing, Building of Books, Magazine,
Catalogue, Calendars, Brouchers, Pamphlets, Forms and any other related to
printing |
GENERAL
INFORMATION
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Bankers : |
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Facilities : |
-- |
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Banking Relations : |
Satisfactory
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Auditors : |
A K
Sood & Associates Chartered
Accountants |
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Address: |
Sco
51-52, 11th Floor, Sector 17 A, Chandigarh 160017 |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
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17000 |
Equity
Shares |
Rs. 100/- Each |
Rs. 1.700 Millions |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
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17000 |
Equity
Shares |
Rs. 100/- Each |
Rs. 1.700 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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1.700 |
1.700 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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1.846 |
1.150 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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3.546 |
2.850 |
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LOAN FUNDS |
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1] Secured Loans |
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3.051 |
4.986 |
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2] Unsecured Loans |
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3.855 |
0.693 |
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TOTAL BORROWING |
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6.906 |
5.679 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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10.452 |
8.529 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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7.388 |
5.411 |
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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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1.035 |
1.069 |
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Sundry Debtors |
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3.681 |
3.599 |
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Cash & Bank Balances |
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0.134 |
0.029 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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2.048 |
1.696 |
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Total Current Assets |
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6.898 |
6.393 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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3.414 |
3.275 |
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Provisions |
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0.420 |
0.000 |
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Total Current Liabilities |
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3.834 |
3.275 |
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Net Current Assets |
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3.064 |
3.118 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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10.452 |
8.529 |
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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 [including other income] |
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21.002 |
19.226 |
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Profit/(Loss)
Before Tax |
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1.079 |
0.761 |
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Provision
for Taxation |
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0.000 |
0.000 |
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Profit/(Loss)
After Tax |
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1.079 |
0.761 |
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Total
Expenditure |
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19.923 |
18.465 |
KEY
RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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5.13 |
3.95 |
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Net
Profit Margin (PBT/Sales) |
(%) |
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5.13 |
3.95 |
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Return
on Total Assets (PBT/Total
Assets} |
(%) |
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7.55 |
6.44 |
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Return
on Investment (ROI) (PBT/Networth) |
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0.30 |
0.26 |
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Debt
Equity Ratio (Total
Liability/Networth) |
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3.02 |
3.14 |
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Current
Ratio (Current
Asset/Current Liability) |
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1.79 |
1.95 |
LOCAL AGENCY
FURTHER INFORMATION
|
Name
of the company |
KGS
PRINTEK PRIVATE LIMITED |
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Presented
by |
Mr.
Rakesh Rana |
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Date
and Description of the instrument creating charge |
Term
Loan Agreement dated 22.07.1994 |
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Amount
Secured by the charge or amount owing on security of the charge |
Rs.
0.950 Millions |
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Short
particulars of the property charged if property acquired is subject to charge
date of acquisition of property should be given |
Dominant
715 A Semi
Automatic Contact
Printer H P
Laser Setter Plage
Exposer Grinding
Machine Whirlee
Machine Air
Conditioners |
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List
of the terms and conditions and extent & operation of charge Margin 25% Rate
of Interst |
Rate
of Interest - @ 5.75% Margin
25% Repayment
from 22.08.1994 @ 16000 Extent
Charge 100% |
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Name,
address and description of the person entitled to charge |
Indian
Overseas Bank, Green Avenue, Amritsar |
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Date
and brief of the description of instrument modifying the charge |
Not
Applicable |
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Particulars
of modification the terms, conditions the extent or operation of the charge
in which modification |
Not
Applicable |
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Name
of the company |
KGS
PRINTEK PRIVATE LIMITED |
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Presented
by |
Mr.
Rakesh Rana |
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Date
and Description of the instrument creating charge |
Agreement
of hypothecation of stock, book debts, plant & machinery dated 20.01.2006 |
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Amount
Secured by the charge or amount owing on security of the charge |
Rs.
2.000 Millions |
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Short
particulars of the property charged if property acquired is subject to charge
date of acquisition of property should be given |
Hypothecation
of stock, book debts, plant & machinery |
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List
of the terms and conditions and extent & operation of charge Margin 25% Rate
of Interst |
As per
agreement |
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Name,
address and description of the person entitled to charge |
Indian
Overseas Bank, Sec 26, Sector 7 C, Chandigarh |
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Date
and brief of the description of instrument modifying the charge |
Not
Applicable |
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Particulars
of modification the terms, conditions the extent or operation of the charge
in which 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 Intl 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
companys 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.44.24 |
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UK
Pound |
1 |
Rs.86.95 |
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Euro |
1 |
Rs.57.33 |
RATING EXPLANATIONS
|
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 |
|
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 |
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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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