MIRA
INFORM REPORT
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Report Date : |
26.10.2007 |
IDENTIFICATION DETAILS
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Name : |
ALFA INDIA AIRCONDITION PRIVATE LIMITED |
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Registered Office : |
C-9, East of Kailash, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
19.11.1993 |
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Com. Reg. No.: |
55-56131 |
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CIN No.: [Company
Identification No.] |
U74899DL1993PTC056131 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELA04860C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Authorised Distributors of Carrier Aircon Limited. |
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 4700 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed Carrier dealers. Available
information indicates high financial responsibilities of the company. Trade
relations are fair. Payments are correct and as per commitments. The company
can be considered good for normal business dealing. It can be regarded as a
promising business partner in a medium to long run. |
LOCATIONS
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Registered / Administrative
Office : |
C-9, East of Kailash, |
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Tel. No.: |
91-11-51623658/ 51623659/ 26931893 |
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Mobile No.: |
91-9810149545 / 9810149546 |
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Fax No.: |
91-11-26928004/ 26931893 |
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E-Mail : |
alfaindia@vsnl.net , alfaindia@touchtelindia.net , alfaindia@airtelbroadband.in |
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Area : |
800 sq.fts. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Adhir Khanna |
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Designation : |
Director |
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Address : |
C-9, East of Kailash, |
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Date of Birth/Age : |
09.06.1961 |
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Qualification : |
B. Tech., MBA |
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Date of Appointment : |
19.11.1993 |
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Date of Ceasing : |
25.03.2005 |
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Name : |
Mr. Sunil Dutt Gupta |
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Designation : |
Director |
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Address : |
H. No. S-34/5-6, DLF, Phase III, Gurgaon –
122 002, |
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Date of Birth/Age : |
27.04.1968 |
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Qualification : |
BE, MBA |
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Date of Appointment : |
17.01.1994 |
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Name : |
Mr. Sevanand Bansal |
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Designation : |
Director |
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Address : |
SU-145, Vishakha Enclave, Pitam Pura, |
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Date of Birth/Age : |
10.07.1945 |
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Date of Appointment : |
25.03.2005 |
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Name : |
Ms. Neelam Gupta |
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Designation : |
Director |
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Address : |
B-214, Sector 56, Block 18, Kendriya Vihar, Gurgaon – 122 001, |
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Date of Birth/Age : |
05.05.1966 |
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Date of Appointment : |
02.04.2007 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Sunil Dutt
Gupta |
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21000 |
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Ms. Deepti Gupta |
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7000 |
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Names of Shareholders |
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Percentage of
Holding |
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Directors or
Relatives of Directors |
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100.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Authorised Distributors of Carrier Aircon Limited. |
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Purchasing : |
Cash Down Payment terms. |
GENERAL INFORMATION
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Customers : |
Some of its’ major customers are :- ·
Corporates ·
Companies ·
Show Rooms ·
Individual Customers |
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No. of Employees : |
Around 14 |
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Bankers : |
Bank of Greater Kailash Part I, |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Rakesh Raj & Associates Chartered Accountants |
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Address : |
C-9, East of Kailash, |
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Sister Concern : |
Sigma Engineers Line of Business :- Erection & ancillary work related to
installation & commissioning of Airconditioning system. |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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30,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.300
million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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28,000 |
Equity
Shares |
Rs.
10/- each |
Rs.
0.280 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.280 |
0.280 |
0.280 |
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2] Reserves & Surplus |
0.885 |
0.696 |
0.576 |
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NETWORTH |
1.165 |
0.976 |
0.856 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.154 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.045 |
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TOTAL BORROWING |
0.000 |
0.154 |
0.045 |
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TOTAL |
1.165 |
1.130 |
0.901 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.212 |
0.198 |
0.318 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.191
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0.111 |
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Sundry Debtors |
0.986
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2.141 |
2.278 |
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Cash & Bank Balances |
0.486
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0.369 |
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Other Current Assets |
0.123
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0.108 |
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Loans & Advances |
0.166
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0.113 |
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Total
Current Assets |
1.952
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2.842 |
2.278 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
0.857
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1.812 |
1.695 |
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Provisions |
0.142
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0.098 |
0.000 |
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Total
Current Liabilities |
0.999
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1.910 |
1.695 |
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Net Current Assets |
0.953
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0.932 |
0.583 |
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TOTAL |
1.165 |
1.130 |
0.901 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
4.857 |
3.635 |
10.196 |
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Other Income |
6.274 |
7.079 |
0.000 |
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Total Income |
11.131 |
10.714 |
10.196 |
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Profit/(Loss) Before Tax |
0.307 |
0.250 |
0.256 |
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Provision for Taxation |
0.105 |
0.081 |
0.060 |
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Profit/(Loss) After Tax |
0.202 |
0.169 |
0.196 |
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Total Expenditure |
10.760 |
10.464 |
9.839 |
KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
1.82
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1.58 |
1.92 |
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Net Profit Margin (PBT/Sales) |
(%) |
6.32
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6.88 |
2.51 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
14.19
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8.22 |
9.86 |
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Return on Investment (ROI) (PBT/Networth) |
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0.26
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0.26 |
0.30 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.86
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2.11 |
2.03 |
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Current Ratio (Current Asset/Current Liability) |
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1.95
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1.49 |
1.34 |
LOCAL AGENCY FURTHER INFORMATION
Form 8
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Name of the company
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ALFA INDIA
AIRCONDITION PRIVATE LIMITED |
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Presented By |
Mr. Adhir Khanna,
Director |
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1) Date and description of instrument creating the change |
Mortgage deed dt. 30.01.2001 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Loan of Rs. 0.630 million |
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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 |
Property No. B-1/17, Jhilmil Industrial Area, |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Rs. 0.630 million to be repaid as per repayment schedule mentioned in mortgage deed. |
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5) Name and Address and description of the person entitled to the charge. |
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6) Date and brief description of instrument modifying the charge |
N. A. |
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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. |
N. A. |
It undertakes installation of air conditioners plants at commercial
centres.
It also undertakes Annual Maintenance Contract (AMC) to it’s customers
after the warranty period.
It does not exports and sells locally to corporate, show rooms and
commercial companies.
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 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.51 |
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1 |
Rs.81.61 |
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Euro |
1 |
Rs.56.76 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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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 |
5 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
5 |
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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 |
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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 |
NO |
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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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47 |
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 |
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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. |
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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