MIRA INFORM REPORT

 

 

 

Report Date :

21.06.2008

 

IDENTIFICATION DETAILS

 

Name :

CONSULT TECHNIQUES INDIA PRIVATE LIMITED

 

 

Registered Office :

145, Village Tihar, Tilak Nagar, New Delhi – 110018

 

 

Country :

India

 

 

Financials (as on) :

31.03.2006

 

 

Date of Incorporation :

16.02.1993

 

 

Com. Reg. No.:

55-052178

 

 

CIN No.:

[Company Identification No.]

U74899DL1993PTC52178

 

 

IEC No.:

0595050093

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

RTKC01234C

 

 

PAN No.:

[Permanent Account No.]

AAACC0894R

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturers of Plastic Moulded Components

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

 

Maximum Credit Limit :

USD 74000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a well established company having satisfactory track. Trade relations are fair. Payments are usually correct and as per commitments.

 

The company is doing steady business.

 

It can be considered normal for business dealings at usual trade terms and conditions.

 

INFORMATION PARTED BY

 

Name :

Mr. Anand

Designation :

Accountant

Date :

16.06.2008

 

 

Name :

Mr. Deepak Kumar

Contact No. :

91-9873869977

Date :

16.06.2008

 

LOCATIONS

 

Registered Office :

145, Village Tihar, Tilak Nagar, New Delhi – 110018

E-Mail :

consult@ndf.vsnl.in

rajn_32@yahoo.com

Website :

http://www.consulttechnique.com

 

 

Factory :

41-A, Industrial Area, NIT, Faridabad – 121001, Haryana, India

Tel. No.:

91-129-4024832/ 4024833/ 4024834

Mobile No.:

91-9899113368

Fax No.:

91-129-4025831

E-Mail :

consult@ndf@vsnl.net.in

consulttechnique@airtelmail.in

Website :

http://www.consulttechnique.com

http://www.trustseal.org/members/consulttechnique

 

DIRECTORS

 

Name :

Mr. Bharat Lal Kukreja

Designation :

Director

Address :

2 M -24, B. P. N. I. T., Faridabad, Haryana, India

Date of Birth/Age :

25.04.1956

Date of Appointment :

16.02.1993

 

 

Name :

Mr. Narayan Das Kukreaja

Designation :

Director

Address :

2 M -24, B. P. N. I. T., Faridabad, Haryana, India

Date of Birth/Age :

12.05.1965

Date of Appointment :

01.04.1994

 

 

KEY EXECUTIVES

 

Name :

RSJ Associates

Designation :

Company Secretary

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

(As on 30.09.2005)

Names of Shareholders

 

No. of Shares

 

 

 

Mr. Bharat Kukreja

 

21501

Mrs. Daropti Devi Kukreja

 

21001

Mr. Laxman Kukreja

 

11000

Mr. Narayan Kukreja

 

18000

Mrs. Renu Kukreja

 

32500

Mrs. Anita Kukreja

 

2500

Mr. Kirpa Ram

 

1000

Mr. Goverdhan Lal

 

10000

Mr. Ram Saran Gupta

 

37500

Mr. Vanti Bai

 

42500

 

 

 

Total

 

197502

 

 

 

(As on 31.03.2006)

Category

 

Percentage

 

 

 

Bodies Corporate (not mentioned above)

 

9.20

Directors or relatives of directors

 

90.80

 

 

 

Total

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturers of Plastic Moulded Components

 

 

Products :

 

 

Terms :

 

Selling :

Credit (30-60 days)

 

 

Purchasing :

Credit (30-60 days)

 

 

GENERAL INFORMATION

 

Customers :

Manufacturers

 

 

No. of Employees :

20

 

 

Bankers :
  • Citi Bank, NA

 

  • Bank of India,

SSI Branch, 14/4, Mathura Road, Faridabad – 121003, Haryana, India

 

 

Facilities :

Term Loans, CC, Over Draft

 

 

 

Banking Relations :

Satisfactory

 

 

Auditors :

 

Name :

Rajan Chhabra and Company

Chartered Accountant

Address :

32 A, Sector 11 E, Faridabad – 121006, India

 

 

CAPITAL STRUCTURE

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

400000

Equity Shares

Rs.10/- each

Rs.4.000 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

217502

Equity Shares

Rs.10/- each

Rs.2.175 Millions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

31.03.2006

31.03.2005

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

 

2.175

2.175

2] Share Application Money

 

0.609

0.409

3] Reserves & Surplus

 

12.120

7.884

4] (Accumulated Losses)

 

0.000

0.000

NETWORTH

 

14.904

10.468

LOAN FUNDS

 

 

 

1] Secured Loans

 

5.469

6.062

2] Unsecured Loans

 

2.088

1.918

TOTAL BORROWING

 

7.557

7.980

DEFERRED TAX LIABILITIES

 

1.457

1.695

 

 

 

 

TOTAL

 

23.918

20.143

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

18.085

17.862

Capital work-in-progress

 

0.000

0.000

 

 

 

 

INVESTMENT

 

0.000

0.000

DEFERREX TAX ASSETS

 

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
 

0.000

0.000

 

Sundry Debtors
 

0.000

0.000

 

Cash & Bank Balances
 

0.000

0.000

 

Other Current Assets
 

36.916

26.074

 

Loans & Advances
 

0.000

0.000

Total Current Assets
 

36.916

26.074

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Current Liabilities
 

31.083

23.793

 

Provisions
 

0.000

0.000

Total Current Liabilities
 

31.083

23.793

Net Current Assets
 

5.833

2.281

 

 

 

 

MISCELLANEOUS EXPENSES

 

0.000

0.000

 

 

 

 

TOTAL

 

23.918

20.143

 

 

 

 

 

 

 

 

 

 

 

PROFIT & LOSS ACCOUNT

 

PARTICULARS

 

 

31.03.2006

31.03.2005

Sales Turnover

 

107.496

68.804

Other Income

 

0.136

0.128

Total Income

 

107.632

68.932

 

 

 

 

Profit/(Loss) Before Tax

 

3.396

3.043

Provision for Taxation

 

1.260

1.123

Profit/(Loss) After Tax

 

2.136

1.920

 

 

 

 

Expenditures :

 

 

 

 

Financial Charges

 

0.738

0.816

 

Materials Manufacturing and Trading

 

89.783

54.615

 

Personnel Expenses

 

4.669

3.747

 

Admin and Other Expenses

 

4.596

2.955

 

Selling and Distribution

 

1.621

1.419

 

Depreciation & Amortization

 

2.829

2.337

 

Other Expenditure

 

0.000

0.000

Total Expenditure

 

104.236

65.889

 

 

KEY RATIOS

 

PARTICULARS

 

 

 

31.03.2006

31.03.2005

PAT / Total Income

(%)
 

1.98

2.78

 

 
 

 

 

Net Profit Margin

(PBT/Sales)

(%)
 

3.16

4.42

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)
 

6.17

6.92

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
 

0.23

0.29

 

 
 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 
 

2.59

3.03

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
 

1.19

1.09

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

Trust seal Acceptance Chart:                                          

 

Parameters

Details

Existence Verification

 

Name

CONSULT TECHNIQUES INDIA PRIVATE LIMITED

Address

41-A, Industrial Area, NIT, Faridabad – 121001, Haryana, India

Phone/ Mobile Numbers

91-9899113368

 

 

Statutory Approvals

 

Legal Status of Firm

Private Limited Company Registration under Indian Companies Act 1956

Income Tax Registration (PAN)

AAACC0894R

Central Sales Tax Registration

FBD/HGST/ 311149

VAT/ TIN Registration

06801311149

Excise Registration

AAACC0894RXM001

Import Export Code

0595050093

Name of Bank

Bank of India

Current Account Number

CC – 3010

OD – 4329 (2 Nos.)

Account Since

2 years

Emp PF Reg Number

HR/ 9948

Company ESI Reg. Number

13/ 17235

 

 

Credibility Factors

 

IndiaMART Client Since

2 years

Years of Establishment

1993

 

 

Trade Affiliations

 

SSI Registration

Yes

Export Promotion Council

No

 

 

Chambers of Commerce Membership

No

 

 

Standards & Certifications

 

Quality Management Systems

Yes

Environment Management Systems

No

Safety Certificates

No

Product Certificates

No

Other Cerficates

ISO 9001: 2000

 

 

Trade Reference:

 

 

 

 

 

 

Form 8: Bankers Charges Report as per Registry

 

Name of the company

CONSULT TECHNIQUES INDIA PRIVATE LIMITED

Presented By

CONSULT TECHNIQUES INDIA PRIVATE LIMITED

1) Date and description of instrument creating the change

Letter evidencing creation of Equitable mortgaged dated 18.01.2006.

2) Amount secured by the charge/amount owing on the securities of charge

Rs.5.343 Millions

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

Commercial property situated at Shed No.41-D and 41-E, Industrial Area, NIT, Faridabad, India

4) Gist of the terms and conditions and extent and operation of the charge.

First Charge on items described in col.3, above to secure various limits granted to the company as under:

 

Limit

Rs. In Million

 

 

Pre-Sales, Cash Credit (Hupo. Of Stocks)

0.700

Post Sales, Cash Credit (Hupo. of Book Debts up to 90 days)

1.500

Term Loan

0.320

Term Loan

0.930

Term Loan

0.760

Term Loan

1.833

Total Term Loan

3.843

Total Fund Based

5.343

 

Interests to be charged @ 1% over Bank of India Term Lending Rate with a minimum of 11.75% p.a. or at such rate or rates as may be notified by the bank from time to time.

5) Name and Address and description of the person entitled to the charge.

Bank of India, SSI Branch, Faridabad, India

6) Date  and brief description of instrument modifying the charge

NA

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

 

 

 

 

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.42.97

UK Pound

1

Rs.84.75

Euro

1

Rs.66.72

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

6

OPERATING SCALE

1~10

6

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILIRY

1~10

6

--LIQUIDITY

1~10

6

--LEVERAGE

1~10

6

--RESERVES

1~10

6

--CREDIT LINES

1~10

6

--MARGINS

-5~5

-

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

TOTAL

 

54

 

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

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions