MIRA
INFORM REPORT
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Report Date : |
14.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
N S TERBO PRIVATE LIMITED |
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Registered Office : |
108, Gagan Vihar Extension, Delhi – 110051 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
28.06.2004 |
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Com. Reg. No.: |
55-127220 |
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CIN No.: [Company
Identification No.] |
U29113DL2004PTC127220 |
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IEC No.: |
0504047108 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELN06434B |
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PAN No.: [Permanent
Account No.] |
ABCN9652M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer, Trader and Exporter of Turbo Machinery, Steam Turbines,
Power Generators |
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 970 |
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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 : |
Mr. Neeraj Gupta, director of the company parted partial details. Subject is a well established company having satisfactory track. Scale
of operation is small. Trade relations are fair. Payments are usually correct
and as per commitments. Nothing adverse reported. The company can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Neeraj Gupta |
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Designation : |
Director |
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Contact No.: |
91-9350040636 |
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Date : |
10.06.2008 |
LOCATIONS
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Registered Office : |
108, Gagan Vihar Extension, Delhi – 110051, India |
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Tel. No.: |
91-22-22052866/ 22613294 |
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Mobile No.: |
91-9350040636/ 9891483853 |
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Fax No.: |
91-11-22023661/ 2840691 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
S-16, South Side, G T Road, Industrial Area, Ghaziabad – 110051, Uttar
Pradesh, India |
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Tel. No.: |
91-120-2840691/ 22052866/ 22613294/ 22451437 |
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Fax No.: |
91-120-2840691/ 22023661 |
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Mobile No.: |
91-9350040636/ 9891483853 |
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Corporate Office : |
F-8A, South Side, G T Road, Industrial Area, Ghaziabad – 110051, Uttar
Pradesh, India |
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Tel. No.: |
91-11-22052866/ 22613294 |
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Mobile No.: |
9412468540/ 9350040636/ 9871374197 |
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E-Mail : |
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Website : |
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Area : |
10000 sq. ft. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Saadat Ullah Khan |
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Designation : |
Director |
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Address : |
508, Fancy Apartments, 19 Vasundhara Enclave, Delhi – 110096, India |
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Date of Birth/Age : |
09.09.1945 |
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Qualifications : |
Graduate |
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Date of Appointment : |
28.06.2004 |
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Name : |
Mr. Neeraj Mohan Gupta |
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Designation : |
Managing Director |
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Address : |
108, Gagan Vihar Extension, Delhi – 110051, India |
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Date of Birth/Age : |
03.09.1964 |
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Date of Appointment : |
28.06.2004 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 31.03.2007)
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Names of Shareholders |
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No. of Shares |
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Mr. Neeraj Mohan Gupta |
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5000 |
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Mr. Saadat Ullah Khan |
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5000 |
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Total |
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10000 |
(As on 31.03.2006)
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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 : |
Manufacturer, Trader and Exporter of Turbo Machinery, Steam Turbines,
Power Generators |
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Products : |
· Turbo Machinery · Steam Turbines · Power Generators |
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Exports : |
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Countries : |
· Pakistan · Bangladesh · Africa |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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Customers : |
· End Users · Direct Customers |
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No. of Employees : |
42 (Office – 38 and Factory – 5) |
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Bankers : |
· Canara Bank,
Delhi Lxmi Nagar, Delhi – 110092, India ·
Punjab
National Bank VMLG Ghaziabad –
201001, Uttar Pradesh, India |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Mukesh Bhatnagar and Associates Chartered Accountant |
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Address : |
1, Navyug Market, Ghaziabad – 201001, Uttar Pradesh, India |
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Associates/Subsidiaries : |
Monotech Engineers Private Limited, Ghaziabad |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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150000 |
Equity Shares |
Rs.10/- each |
Rs.1.500 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
0.100 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.094 |
0.082 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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0.194 |
0.182 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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1.473 |
0.852 |
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TOTAL BORROWING |
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1.473 |
0.852 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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1.667 |
1.034 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.181 |
0.115 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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2.231 |
0.189 |
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Sundry Debtors |
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2.544 |
2.774 |
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Cash & Bank Balances |
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0.447 |
0.269 |
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Other Current Assets |
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1.369 |
2.088 |
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Loans & Advances |
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0.000 |
0.000 |
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Total
Current Assets |
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6.591 |
5.320 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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5.112 |
4.409 |
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Provisions |
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0.000 |
0.000 |
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Total
Current Liabilities |
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5.112 |
4.409 |
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Net Current Assets |
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1.479 |
0.911 |
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MISCELLANEOUS EXPENSES |
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0.007 |
0.008 |
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TOTAL |
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1.667 |
1.034 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
31.03.2006 |
31.03.2005 |
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Sales Turnover |
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16.595 |
17.465 |
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Other Income |
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1.316 |
0.000 |
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Total Income |
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17.911 |
17.465 |
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Profit/(Loss) Before Tax |
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0.119 |
0.109 |
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Provision for Taxation |
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0.000 |
0.000 |
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Profit/(Loss) After Tax |
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0.119 |
0.109 |
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Expenditures : |
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Cost of Manufacturing and Materials |
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14.827 |
0.000 |
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Personnel Expenses |
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2.015 |
0.000 |
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Admin Expenses |
|
0.851 |
0.000 |
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Distribution and Selling Expenses |
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0.044 |
0.000 |
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Financial Charge |
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0.024 |
0.063 |
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Depreciation & Amortization |
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0.031 |
0.000 |
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Other Expenditure |
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0.000 |
17.293 |
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Total Expenditure |
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17.792 |
17.356 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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0.66 |
0.62 |
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Net Profit Margin (PBT/Sales) |
(%) |
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0.72 |
0.62 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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1.76 |
2.00 |
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Return on Investment (ROI) (PBT/Networth) |
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0.61 |
0.60 |
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Debt Equity Ratio (Total Liability/Networth) |
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33.94 |
28.91 |
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Current Ratio (Current Asset/Current Liability) |
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1.29 |
1.21 |
LOCAL AGENCY
FURTHER INFORMATION
Trust seal Acceptance Chart:
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Parameters |
Details |
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Statutory Approvals |
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Income Tax
Registration (PAN) |
ABCN9652M |
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Service Tax
Registration |
- |
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Vat/ TIN
Registration |
09389002620 |
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Import Export
Code |
0504047108 |
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Name of Bank |
Canara Bank |
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Current Account
Number |
72 |
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Account Since |
2004 |
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Credibility Factors |
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Indiamart Client
Since |
4 years |
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Trade Affiliations |
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SSI Registration |
YES |
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Export Promotion
Council |
YES |
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Chambers of
Commerce Membership |
NO |
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Other
Affiliations |
NO |
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Standards and Certifications |
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Quality Management Systems |
ISO 9001:2000 |
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Enviroment Management Systems |
NA |
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Safety Certificates |
YES |
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Products Certificates |
YES |
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Other Certificates |
NO |
Trade Reference:
· Surya Sponge Iron Limited
Form 8:
|
Corporate
identity number (CIN) Foreign company registration number |
U29113DL2004PTC127220 |
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Name of the
Company |
N S TERBO PRIVATE LIMITED |
|
Address |
108, Gagan Vihar Extension, Delhi – 110051, India |
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This form is for |
Creation of Charge |
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Type of Charge |
Hypothecation |
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Particulars of
the charge holder |
Punjab National
Bank VMLG Ghaziabad – 201001,
Uttar Pradesh, India |
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Nature or
description of the instrument(s) creating or modifying the charge |
Letter of
Hypothecation (For Car Loan) |
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Date of the
instrument creating or modifying the charge |
27.04.2006 |
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Amount secured by
the charge |
Rs.0.590 Million |
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Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Loan/ Advance
together with interests @ 8.75% p.a. abaret below the bench mark prime
lending rate (BPLR) of the Bank plus 2% term premia and monthly on stalment
of Rs.0.009 Million Total Installment
of 84 month i.e. 7 years |
|
Short particulars
of the property charged (including location of the property) |
Vehicles Car accent viva
credit manufactured by Hundai motors value – Rs.0.738 Million, engine
No.5733026. Chasis No.013173. Model April 2006. |
|
Particular of the
present modification |
NA |
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.87 |
|
UK Pound |
1 |
Rs.83.41 |
|
Euro |
1 |
Rs.66.11 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
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 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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
|
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 |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
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 |
|