MIRA
INFORM REPORT
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Report Date : |
13.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
BANBROS ENGINEERING PRIVATE LIMITED |
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Registered Office : |
105, Usha Chambers, New Rajdhani Enclave, Vikas Marg, New Delhi –
110092 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
23.02.1996 |
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Com. Reg. No.: |
55-76555 |
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CIN No.: [Company
Identification No.] |
U51909DL1996PTC076555 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELB07002C |
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PAN No.: [Permanent
Account No.] |
AAACB3394B |
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Legal Form : |
Private Limited Liability Company
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Line of Business : |
Trader of Quality Control Equipments and Metrology Equipments |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 5000 |
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Status : |
Small Company |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small company in its field. Trade relations
are fair. Scale of activity is limited. No complaints have been heard. The company can considered for small to mediocre business
dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. Navin Gupta |
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Designation : |
Accountant |
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Contact No.: |
91-9313566285 |
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Date : |
11.12.2008 |
LOCATIONS
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Registered Office : |
105, Usha Chambers, New Rajdhani Enclave, Vikas Marg, New Delhi –
110092 |
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Tel. No.: |
91-11-22418432 |
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Mobile No.: |
91-9810149486 |
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Fax No.: |
91-11-22541173 |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Bansal Sheel Vinay |
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Designation : |
Director |
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Address : |
B – 91, Surya Nagar, Ghaziabad – 201010, Uttar Pradesh |
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Date of Birth/Age : |
30.06.1961 |
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Date of Appointment : |
23.02.1996 |
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Name : |
Mr. Sunil Garg |
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Designation : |
Director |
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Address : |
C – 314, Vivek Vihar, New Delhi – 110095 |
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Date of Birth/Age : |
26.01.1970 |
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Date of Appointment : |
23.02.1996 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
AS ON 30.09.2007
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Names of Shareholders |
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No. of Shares |
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Mr. Bansal Sheel Vinay |
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15724 |
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Mr. Sunil Garg |
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14100 |
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Mrs. Sunita Sheel Bansal |
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17000 |
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Mr. Jai Lal Garg |
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11000 |
AS ON 31.03.2007
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Directors or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader of Quality Control Equipments and Metrology Equipments |
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Products |
· Profile Projectors · Tool Maker Microscopes · Stereo Zoom Microscopes · Micro-photography Equipments · Measurement Software · Image Analysis Systems · Micro-structure Analysers · Specimen Preparation
Equipments · Abrasive Cut Off Machines · Polishing Machines · Hot Mounting Presses · Vickers Hardness Testers · Micro Vickers Hardness
Testers · Rockwell Cum Brinell
Hardness Testers · Measuring Microscopes · Universal Testing Machines · Metallurgical Consumables · Metallurgical Microscopes |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Taiwan |
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Terms : |
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Selling : |
Advance |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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Customers : |
Wholesalers and Retailers |
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No. of Employees : |
8 |
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Bankers : |
Lord Krishna Bank Limited, Preet Vihar, New Delhi – 110092 |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Sachdeva Bagga and Associates Chartered Accountant |
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Address : |
WZ – 55B, Rattan Park, Opposite Kirti Nagar, New Delhi – 110015 |
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Tel. No.: |
91-11-25935512/25435512 |
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Mobile No.: |
91-9811244526/9811215897 |
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E-Mail : |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
AS ON 31.03.2007
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
|
60,000 |
Equity Shares |
Rs. 10/- Each |
Rs. 0.600
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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57,824 |
Equity Shares |
Rs. 10/- Each |
Rs. 0.578 Million |
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 |
0.578 |
0.578 |
0.578 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.453 |
0.369 |
0.315 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
1.031 |
0.947 |
0.893 |
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LOAN FUNDS |
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1] Secured Loans |
0.960 |
0.014 |
0.014 |
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2] Unsecured Loans |
0.388 |
0.354 |
0.708 |
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TOTAL BORROWING |
1.348 |
0.368 |
0.722 |
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DEFERRED TAX LIABILITIES |
0.006 |
0.000 |
0.006 |
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TOTAL |
2.385 |
1.315 |
1.621 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.729 |
1.033 |
1.047 |
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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 |
0.003 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
1.352
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0.430 |
0.910 |
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Sundry Debtors |
2.363
|
1.837 |
1.540 |
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Cash & Bank Balances |
0.114
|
0.394 |
0.855 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
1.358
|
0.781 |
0.208 |
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Total
Current Assets |
5.187
|
3.442 |
3.513 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
4.430
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3.086 |
2.905 |
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Provisions |
0.101
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0.077 |
0.035 |
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Total
Current Liabilities |
4.531
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3.163 |
2.940 |
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Net Current Assets |
0.656
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0.279 |
0.573 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.001 |
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TOTAL |
2.385 |
1.315 |
1.621 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
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Sales Turnover |
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12.035 |
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Other Income |
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0.000 |
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Total Income |
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12.035 |
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Profit/(Loss) Before Tax |
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0.219 |
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Provision for Taxation |
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0.136 |
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Profit/(Loss) After Tax |
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0.083 |
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Imports : |
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Raw Materials |
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2.813 |
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Total Imports |
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2.813 |
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Expenditures : |
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Other Expenditure |
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11.816 |
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Total Expenditure |
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11.816 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
0.68
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-- |
-- |
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Net Profit Margin (PBT/Sales) |
(%) |
1.81
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-- |
-- |
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Return on Total Assets (PBT/Total Assets} |
(%) |
3.16
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-- |
-- |
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Return on Investment (ROI) (PBT/Networth) |
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0.21
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-- |
-- |
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Debt Equity Ratio (Total Liability/Networth) |
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5.70
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3.72 |
4.10 |
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Current Ratio (Current Asset/Current Liability) |
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1.14
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1.08 |
1.19 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8
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This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U51909DL1996PTC076555 |
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Name of the
company |
BANBROS ENGINEERING PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
105, Usha Chambers, New Rajdhani Enclave, Vikas Marg, New Delhi –
110092 |
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Type of charge |
Hypothecation and
Equitable mortgage or mortgage of property by depositing the title deeds |
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Particular of
charge holder |
Lord Krishna Bank Limited, Preet Vihar, New Delhi – 110092 |
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Nature of
description of the instrument creating or modifying the charge |
Overdraft agreement
Dated 23.01.2006 Agreement for LC
Limit Dated 23.02.2006 |
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Date of
instrument Creating the charge |
23.02.2006 |
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Amount secured by
the charge |
Rs. 0.500 Million
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
FLC (DP/DA),
Commission/Rate of interest as per Banks instructions, Margin 25%, Reappraise
in 90 days |
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Property charged
indicating whether it is a charge on |
Immovable Properties
Stock in Trade |
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Short particulars
of the property charged |
Industrial Plot
situated at G – 9, Industrial Area, Alwar Residential
property at B – 91, Sorya Nagar, Ghaziabad, UTTAR Pradesh |
Fixed Assets
- Air Conditioner
- Cellular Phone
- Furniture and Fixture
- Car
- Office Equipment
- Computer
- Office Flat
- Plot at Neemrana
- Motor Cycle
- Scooter
- Fan
AS PER WEBISTE DETAILS
Science is driven
by precision and accuracy. Thus, measuring instruments play a pivotal role in
various spheres of science and allied industries. Company is a name which has given new dimensions to
the measuring instrument industry. They are a leading manufacturer,
exporter, supplier, importer and trader of the widest possible range of measuring and
metrological instruments. A major chunk of their product range is imported from
reputed markets worldwide.
Their measuring and
metrological product catalog includes products like Profile
Projectors, Tool Maker Microscopes, Stereo Zoom Microscopes, Micro-photography
Equipments, Measurement Software, Image Analysis Systems, Micro-structure
Analysers, Specimen Preparation Equipments, Abrasive Cut Off Machines,
Polishing Machines, Hot Mounting Presses, Vickers Hardness Testers, Micro
Vickers Hardness Testers, Rockwell Cum Brinell Hardness Testers, Measuring
Microscope, Universal Testing Machines, Metallurgical Consumables, and
Metallurgical Microscopes.
The quality and precision that their measuring equipments offer have made them
stand apart from various others. Since their inception in the year 1995, they
have been serving the nation and various countries worldwide with a vast range
of quality measuring instruments. Today, Banbros Engineering Pvt. Ltd. is a
name that defines distinct quality and perfection.
They consistently strive to create a bright future for their enterprise with
commitment to first class corporate image, excellent product quality and high
objectives dedicated to serving their customers' needs.
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 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.48.71 |
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UK Pound |
1 |
Rs.72.85 |
|
Euro |
1 |
Rs.64.70 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
NO |
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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 |
|
33 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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