MIRA
INFORM REPORT
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Report Date : |
14.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
NUBERG ENGINEERING PRIVATE LIMITED |
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Registered Office : |
1223, Gali No. 83, Shanti Nagar, Trinagar, Delhi – 110 085 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
21.06.1996 |
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Com. Reg. No.: |
55-79817 |
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CIN No.: [Company
Identification No.] |
U74210DL1996PLC079817 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELN02816C |
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PAN No.: [Permanent
Account No.] |
AAACN3523A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Chemical
Plants, Nugen PSA Oxygen Gas
Plants and PSA Nitrogen Gas
Plants. |
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 133000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well – established company having satisfactory track.
Trade relations are fair. Financial position is good. Payments are usually
correct and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
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LOCATIONS
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Registered Office / Factory: |
1223, Gali No. 83, Shanti Nagar, Trinagar, Delhi – 110 085, India |
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E-Mail : |
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Website : |
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Corporate Office : |
Nuberg House" A - 38 H, Sector - 64, Noida - 201 301, (Uttar
Pradesh), INDIA |
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Tel. No.: |
91 - 120 – 2403101 / 2403102 /
2403103 |
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Fax No.: |
91 - 120 – 2403104 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Vinod Gupta |
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Designation : |
Director |
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Address : |
D -44, Sector -39, Noida, Uttar Pradesh, India |
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Date of Birth/Age : |
24.05.1960 |
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Date of Appointment : |
21.06.1996 |
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Name : |
Mr. Anil Kumar Tyagi |
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Designation : |
Director |
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Address : |
B -404, Sector -39, Noida -201 307, Uttar Pradesh, India |
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Date of Birth/Age : |
05.03.1960 |
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Date of Appointment : |
21.06.1996 |
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Name : |
Mrs. Sugandha Gupta |
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Designation : |
Director |
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Address : |
D -44, Sector -20, Noida – 201 301, Uttar Pradesh, India |
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Date of Birth/Age : |
12.10.1958 |
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Date of Appointment : |
01.04.2005 |
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Name : |
Mrs. Sashi Tyagi |
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Designation : |
Director |
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Address : |
B -104, Sector – 39, Noida, Uttar Pradesh, India |
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Date of Birth/Age : |
11.03.1959 |
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Date of Appointment : |
01.04.2005 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders (as on 31.03.2007) |
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No. of Shares |
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Mr. Anil Kumar Tyagi |
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119900 |
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Mr. Vinod Kumar Gupta |
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119900 |
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Mr. Sandeep Tyagi |
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100 |
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Mr. R D Gupta |
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100 |
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Mr. Rama Gupta |
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100 |
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Mr. Shashi Tyagi |
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100 |
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Mrs. Suygandha Gupta |
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100 |
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Mr. Subhodh Tyagi |
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100 |
As on 31.03.2007
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Names of Shareholders |
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Percentage of
Holding |
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Directors or their relatives |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Chemical
Plants, Nugen PSA Oxygen Gas
Plants and PSA Nitrogen Gas
Plants. |
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Products : |
· Compressed Air Systems / Dryers · Gas Generators |
GENERAL
INFORMATION
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Bankers : |
Union Bank of India Address: Specialised SSI Branch, Sector 15, Naya Bans, Noida – 201
301, Uttar Pradesh, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Vinay Prakash and Company Chartered Accountants |
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Address : |
58, A Block Shopping Complex, Naraina Vihar, New Delhi – 110 028,
India |
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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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1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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961600 |
Equity Shares |
Rs. 10/-
each |
Rs. 9.616
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
9.616 |
4.808 |
2.404 |
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2] Share Application Money |
0.000 |
0.000 |
0.050 |
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3] Reserves & Surplus |
23.451 |
11.996 |
12.914 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
33.067 |
16.804 |
15.368 |
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LOAN FUNDS |
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1] Secured Loans |
47.596 |
18.559 |
7.321 |
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2] Unsecured Loans |
4.900 |
8.061 |
9.363 |
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TOTAL BORROWING |
52.496 |
26.620 |
16.684 |
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DEFERRED TAX LIABILITIES |
0.699 |
0.386 |
0.485 |
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TOTAL |
86.262 |
43.810 |
32.537 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
15.513 |
12.785 |
8.497 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
12.040
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8.114 |
10.580 |
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Sundry Debtors |
80.742
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53.909 |
12.720 |
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Cash & Bank Balances |
14.278
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4.923 |
16.785 |
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Other Current Assets |
17.575
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9.952 |
6.445 |
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Loans & Advances |
7.676
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5.160 |
2.507 |
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Total
Current Assets |
132.311
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82.058 |
49.037 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
56.166
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49.223 |
23.336 |
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Provisions |
5.430
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1.858 |
1.663 |
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Total
Current Liabilities |
61.596
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51.081 |
24.999 |
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Net Current Assets |
70.715
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30.977 |
24.038 |
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MISCELLANEOUS EXPENSES |
0.034 |
0.048 |
0.002 |
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TOTAL |
86.262 |
43.810 |
32.537 |
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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
(Estimated) |
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50.000 |
30.000 |
KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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Debt Equity Ratio (Total Liability/Networth) |
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3.45
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4.62 |
2.71 |
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Current Ratio (Current Asset/Current Liability) |
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2.15
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1.60 |
1.96 |
LOCAL AGENCY FURTHER
INFORMATION
FORM 8:-
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Corporation identity number or foreign company registrations number of
the company |
U74210DL1996PLC079817 |
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Name of the company |
NUBERG ENGINEERING PRIVATE LIMITED |
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Address |
1223, Gali No. 83, Shanti Nagar, Trinagar, Delhi – 110 085, India |
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This Form is for |
Creation of Charge |
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Type of Charges |
· Immovable property · Book debts |
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Particular of the charge holder
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Union Bank of India Address: SSI Branch, Noida – 201 301,
Uttar Pradesh, India Email: noida@delro.unionbank.com |
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Nature or description of the instrument creating charge |
Memorandum of entry dated 26.12.2006. Composite hypothecation deed
with \ cash credit (hypothecation) limit of Rs. 10.000 millions, packing
credit under LC Limit of Rs. 25.000 millions. FDBP under LC limit of Rs.
25.000 millions and Letter of guarantee of Rs. 10.000 millions dated
04.01.2007 |
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Date of the instrument creating charge |
26.12.2006 |
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Amount Secure by the charge |
Rs. 70.000 millions |
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Brief of the principal terms and conditions and extent and operation
of the charge |
Rate of Interest : Cash credit (hypothecation) limit with ROI of BPLR +1% , packing
credit under LC limit with ROI of BPLR -4%, FDBP under LC limit with ROI of
BPLR – 4%, and letter of guarantee with ROI as usual. Term of Repayment: Repayable on Demand Margin: 25% in case of cash credit , packing credit , letter of guarantee and
Nil in case of FDBP Extent and operation of the
charge: to the extent of Rs. 70.000 millions till repayment of all dues |
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Short particulars of the Property charged |
Company land and immovable property situated at Plot No. 29 and 7,
Block D, phase II, Extn Noida including Plant and machinery, constructed /
erected or installed thereon, both present and future . All plant and
Machinery, Furniture and Other accessories lying in plot No. 29, Block D
Phase II extn. Noida together with raw material, semi finished goods and
finished goods, stores and spares brought into or stored in the said premises
and also book debts whether present and future. |
WEBSITE DETAILS:
The company is one of the most trusted Project Engineering and Turnkey Contracting organization, operational globally. It has a dedicated team of highly experienced and skilled professionals and engineers to provide world class turn key project services consisting of chemicals process know how, engineering design, procurement, implementation commissioning, in field of chemical, Petrochemical, Synthetic fiber etc.
The company is also India's leading manufacturer of Nugen PSA Nitrogen Gas
generators under technical collaboration with M/s. Rutgers CarboTech GmbH. They
have in house facility and expertise for manufacturing of various Pressure
Vessels, Reactors, Absorbers, Columns, Heat Exchangers, Tanks etc.
At the company, they have a sound quality assurance management system. They use
the most modern software including Auto CAD, Vessels Mechanical Design - ASME,
3D Modeling of plant layouts by PDMS, MS office etc. to provide world class
services to their clients.
Their mechanical fabrication facility consists of well equipped work shop for
manufacturing of Pressure vessels, Reactors, Columns, Heat exchangers, Tank
etc. So far they have executed a tonnage of 40,000 MT.
Their products and services have found leading customers in India, Thailand,
China, Bangladesh, Oman, Egypt, Iraq, Iran and Uzbekistan.
At the company, they bring tried and tested engineering skills and experience
to provide comprehensive engineering projects and services using most upto date
and proven cutting technology.
Nuberg's Competitive edge
· Single sandce of Process Development / Project Engineering / Construction of Plants.
· Very good understanding of Client needs.
· Quick customer response.
At the company they have a dedicated team of highly experienced and skilled professionals and engineers to provide world class turn key project services consisting of chemicals process know how, detailed engineering design, implementation and commissioning in the field of chemical, petrochemical and synthetic fibres.
They are also India's leading manufacturer of Chemical Plants, Nugen PSA
Oxygen Gas Plants and PSA Nitrogen Gas Plants under technical
collaboration with M/s. Rutgers CarboTech GmbH. They have in house facility and
expertise for manufacturing of various Pressure Vessels, Reactors, Absorbers,
Columns and process equipment.
From concept to commissioning, subject believes in dedicated attention to
customer needs and nothing illustrates this better than its Turnkey Projects in
establishing Chemical, Petro-Chemical and Synthetic Fibre Plants. The company
believes in the involvement of experienced project and operations managers in
every project phase, from estimating to commissioning. The project packages are
tailored to suit all requirements taking care of interfaces of design,
co-ordination and management.
· New chloro Alkali 100 TPD plant on Turnkey basis under execution.
· Chlorine / Caustic Soda Plant (35 TPD) - Based on latest Bipolar Membrane Technology.
· Calcium Carbonate Plant (20 TPD) - Consisting of Vertical Lime Kiln and Hydrated lime.
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Hydrogen Peroxide Plant under execution. 
· Caustic Soda / Chlorine Plant
· Air Washer and Textile Air Conditioning Plants
· Water / Effluent Treatment Plants
· Alcohol based organic Chemicals Plant
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.94 |
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UK Pound |
1 |
Rs.78.81 |
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Euro |
1 |
Rs.63.05 |
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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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 |
NO |
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--LITIGATION |
YES/NO |
YES |
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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 |
NO |
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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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46 |
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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