MIRA
INFORM REPORT
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Report Date : |
23.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
KESRI NANDAN ENTERPRISES PRIVATE LIMITED |
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Registered Office : |
787, Bakarwala Road, Opposite Shiv Mandir Village Mundika, New
Delhi-110041 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
17.02.1998 |
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Com. Reg. No.: |
55-922283 |
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CIN No.: [Company
Identification No.] |
U31200DL1998PTC092283 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELKO3571B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trader of Iron and Steel |
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 13000 |
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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 meeting its normal
commitments timeously. Trade relations are fair. Business is active. The company can be considered good for normal business dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. Jaymohan Gupta |
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Designation : |
Director |
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Contact No.: |
91-987113116 |
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Date : |
22.07.2008 |
LOCATIONS
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Registered Office : |
787, Bakarwala Road, Opposite Shiv Mandir Village Mundika, New
Delhi-110041, India |
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Tel. No.: |
91-11-28344223 |
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Mobile No.: |
91-987113116/ 9868242721 |
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E-Mail : |
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Area : |
1800 sq. ft (Owned) |
DIRECTORS
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Name : |
Mr. Jaymohan Gupta |
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Designation : |
Director |
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Address : |
787, Bakkarwal Village- Mundka, New Delhi-110041, India |
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Date of Birth/Age : |
49 Years |
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Qualification : |
Intermediate |
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Mobile No. : |
91-987113116 |
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Date of Appointment : |
15.06.1998 |
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Name : |
Mrs. Veena Gupta |
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Designation : |
Director |
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Address : |
787, Bakkarwal Village- Mundka, New Delhi-110041, India |
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Date of Birth/Age : |
48 Years |
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Qualification : |
BA |
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Date of Appointment : |
17.02.1998 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 30.09.2004
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Names of Allottee |
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No. of Shares Alloted |
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Veena Gupta |
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1410 |
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Jagmohan Gupta |
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8156 |
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Total |
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9566 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2007
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Category |
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Percentage |
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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 Iron and Steel |
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Imports : |
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Countries : |
European Countries |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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Customers : |
Retailers |
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No. of Employees : |
4 |
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Bankers : |
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Facilities : |
CC Rs. 5.500 Millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Sanjeev Miglani and Associates Chartered Accountant |
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Address : |
337, R. G. Complex – II, Sector-14, Rohini, New Delhi-110085, India |
CAPITAL STRUCTURE
As on 31.08.2007
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.500 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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246900 |
Equity Shares |
Rs. 10/-
each |
Rs. 2.469
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
2.469 |
1.512 |
1.512 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.193 |
0.163 |
0.143 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
2.662 |
1.675 |
1.655 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
1.792 |
2.911 |
2.360 |
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TOTAL BORROWING |
1.792 |
2.911 |
2.360 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
4.454 |
4.586 |
4.015 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.567 |
0.646 |
0.109 |
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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 |
0.000
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0.000 |
0.012 |
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Sundry Debtors |
8.347
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10.285 |
5.411 |
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Cash & Bank Balances |
0.033
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0.435 |
0.082 |
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Other Current Assets |
3.292
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1.196 |
0.000 |
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Loans & Advances |
0.077
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0.015 |
0.012 |
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Total
Current Assets |
11.749
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11.931 |
5.517 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
7.798
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7.916 |
1.589 |
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Provisions |
0.064
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0.075 |
0.025 |
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Total
Current Liabilities |
7.862
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7.991 |
1.614 |
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Net Current Assets |
3.887
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3.940 |
3.903 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.003 |
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TOTAL |
4.454 |
4.586 |
4.015 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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21.760 |
1.239 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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21.760 |
1.239 |
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Profit/(Loss) Before Tax |
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0.065 |
0.042 |
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Provision for Taxation |
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0.035 |
0.022 |
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Profit/(Loss) After Tax |
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0.030 |
0.020 |
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Expenditures : |
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Total Expenditure |
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21.695 |
1.197 |
KEY RATIOS
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
31.03.2006 |
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PAT / Total Income |
(%) |
0.14
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1.61 |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
0.29
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3.39 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
0.53
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0.33 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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0.02
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0.03 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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3.63
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6.51 |
2.40 |
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Current Ratio (Current Asset/Current Liability) |
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1.49
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1.49 |
3.42 |
LOCAL AGENCY
FURTHER INFORMATION
The Registered office of the Company had been shifted from 63, Inder
Enclavep O Sunder Vihar, Rohtak Road, New Delhi-110087, India to present
address w.e.f 19.01.2007
Bankers Charges
Report as per Registry
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Name of the company |
KESRI NANDAN ENTERPRISES PRIVATE LIMITED |
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Presented By |
Sita Ram, Gupta,
Director of the Company |
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1) Date and description of instrument creating the change |
31.03.2003 Letter of
Hypothecation of goods and book debts. |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 5.000
Millions – for CC Rs. 1.000 Million
– for LC |
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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 |
Stock of the
Company Electrical Goods and Steel Goods |
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4) Gist of the terms and conditions and extent and operation of the charge. |
As per the
Agreement Attatched Rate of Interest 3%
over PLR with minimum of 14% p.a. with interest margin – 25% |
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5) Name and Address and description of the person entitled to the charge. |
Bank of Baroda,
Ashok Vihar, Delhi-110052, India |
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6) Date and brief description of instrument modifying the charge |
NA |
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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. |
NA |
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This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U31200DL1998PTC092283 |
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Name of the
company |
KESRI NANDAN ENTERPRISES PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
787, Bakarwala Road, Opposite Shiv Mandir Village Mundika, New
Delhi-110041, India |
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Type of charge |
Book Debts Movable Property Floating Charge |
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Particular of
charge holder |
Bank of India, New Delhi S. M. E. Branch, D-4, Udyaog Nagar, Rohtak
Road, New Delhi-110041, India |
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Nature of
description of the instrument creating or modifying the charge |
Agreement of
Hypothecation of Plant and Machinery, Stocks and Book Debts |
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Date of
instrument Creating the charge |
05.02.2008 |
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Amount secured by
the charge |
Rs. 4.500
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit :
2.00% above BPLR, Presently 15.25% p.a. with monthly rests. Bank Guarantee /
Letter of Credit : As per Bank’s Rules Terms of
Repayment Payable on Demand Margin Stocks- 25% Book-Debts- 40% BG / Letter of
Credit – 25% cash margin Extent and
Operation of the charge 100 Percent Others The said charge is
hypothecated to secure following credit facilities granted by bank to the
company.
Max (3+4) Rs. 4.500 Millions Aggregate Rs. 4.500 Millions |
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.42.71 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.68.02 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
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 |
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45 |
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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