MIRA
INFORM REPORT
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Report Date : |
01.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
UNILINE ENERGY SYSTEMS PRIVATE LIMITED |
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Registered Office : |
6, DSIDC Computer Complex, Okhla Industrial Area, Phase – II, New
Delhi- 110020 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
29.01.1990 |
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Com. Reg. No.: |
55-39060 |
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CIN No.: [Company
Identification No.] |
U74899DL1990PTC039060 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELK05711G |
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PAN No.: [Permanent
Account No.] |
AAACK0443N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importer and Exporter of Machinery and Electrical Equipments |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 270000 |
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Status : |
Good |
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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 having fine track.
Trade relations are fair. Business is active. General financial position is good.
Payments are reported as usually correct and as per commitments. The company can be considered good for any normal business dealings. |
LOCATIONS
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Registered Office : |
6, DSIDC Computer Complex, Okhla Industrial Area, Phase – II, New Delhi-
110020, India |
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E-Mail : |
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Website : |
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Corporate Office : |
Uniline House, 198/ 23, Ramesh Market, East of Kailash, New
Delhi-110065, India |
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Tel. No.: |
91-11-26423270/ 26469113/ 26469116/ 26469108 |
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Fax No.: |
91-11-26481469 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Rakesh Kumar Bansal |
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Designation : |
Director |
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Address : |
GG1-12-C, MIG Flat Vikaspuri, New Delhi-110018, India |
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Date of Birth/Age : |
01.10.1959 |
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Date of Appointment : |
29.01.1960 |
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Name : |
Mr. Mukesh Kumar Bansal |
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Designation : |
Director |
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Address : |
658, Vikas Kunj, Vikas Puri, New Delhi-110018, India |
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Date of Birth/Age : |
22.09.1970 |
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Date of Appointment : |
12.12.2002 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on29.09.2005
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Names of Shareholders |
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No. of Shares |
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Rakesh Kumar Bansal |
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8205 |
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Mukesh Kumar Bansal |
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350 |
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Seema Bansal |
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1445 |
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Total |
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10000 |
Equity Share Breakup (Percentage of Total Equity)
As on 29.09.2007
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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 : |
Importer and Exporter of Machinery and Electrical Equipments |
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Products : |
Online UPS ·
Tri Power ·
Maxi Power Inverter Line Interactive
UPS ·
Quasi-since Wave Output ·
Sine Wave Output Servo
Stabililzers |
GENERAL
INFORMATION
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Customers : |
Computer
Manufacturers/ OEM’s ·
HCL Infosystems Limited ·
PCS Industries Limited ·
IBM India Limited ·
Compaq (HP) Computers Private Limited ·
ACCEL ICIM Systems and Services Limited Educational
Institutions ·
I.I.T Delhi/ Guwahati/ Roorkee/ Kanpur ·
Jamia Millia Islamia ·
Tezpur University ·
University of Delhi ·
University Grant Commission Government
Sector ·
Indian Air Force ·
Indian Army ·
Indian Navy ·
Ministry of Home Affairs ·
Cabinet Secretariat Banks ·
State Bank of India ·
Punjab National Bank ·
Union Bank of India ·
Indian Bank ·
Vijaya Bank Private Sector ·
J K Industries ·
Maharishi Ayurveda Corporation ·
Escorts Limited ·
Candico India Limited ·
Britannia Industries Limited Public Sector ·
Bharat Electronics Limited ·
Bharat Heavy Electrical Limited ·
Mahanagar Tele Nigam Limited ·
Hindustan Zinc Limited ·
Power Grid Corporation Limited Medical and Bio-
Medical ·
All India Institute of Medical Science, New Delhi ·
Safdarjung Hospital, New Delhi ·
PGIMS, Chandigarh ·
GNRC, Guwahati ·
Tagore Hospitals, Jalandhar |
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Bankers : |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai-400013, Maharashtra, India |
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
N.K. Bathla Chartered Accountant |
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Address : |
Shop No. 6-7, IInd Floor, Krishna Complex, Paschim Vihar, New
Delhi-110066, India |
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Name : |
Bijoy and Associates Chartered Accountant |
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Address : |
T-1, First Floor, Green Park Extension, New Delhi-110016, India |
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Associates/Subsidiaries : |
Uniline Electronics Private Limited U74899DL1995PTC070303 |
CAPITAL STRUCTURE
As on 29.09.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity shares |
Rs. 10/- each |
Rs. 2.500 Milllions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.100
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 |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
55.042 |
40.068 |
16.484 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
55.142 |
40.168 |
16.584 |
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LOAN FUNDS |
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1] Secured Loans |
12.415 |
3.684 |
2.733 |
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2] Unsecured Loans |
10.219 |
6.236 |
1.670 |
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TOTAL BORROWING |
22.634 |
9.920 |
4.403 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
77.776 |
50.088 |
20.987 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
5.456 |
5.849 |
6.020 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.080 |
0.080 |
0.080 |
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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 |
20.860
|
12.348 |
11.676 |
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Sundry Debtors |
170.903
|
122.236 |
92.301 |
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Cash & Bank Balances |
2.213
|
1.452 |
0.841 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
19.241
|
13.856 |
8.241 |
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Total
Current Assets |
213.217
|
149.892 |
113.059 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
137.249
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101.110 |
97.411 |
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Provisions |
3.728
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4.623 |
0.761 |
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Total
Current Liabilities |
140.977
|
105.733 |
98.172 |
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Net Current Assets |
72.240
|
44.159 |
14.887 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
77.776 |
50.088 |
20.987 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
31.03.2007 |
31.03.2006 |
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Sales Turnover |
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565.145 |
396.378 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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565.145 |
396.378 |
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Profit/(Loss) Before Tax |
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21.739 |
31.095 |
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Provision for Taxation |
|
3.423 |
4.673 |
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Profit/(Loss) After Tax |
|
18.316 |
26.422 |
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Total Expenditure |
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543.406 |
365.283 |
KEY RATIOS
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PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
3.24
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6.67 |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
3.85
|
7.84 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
9.94
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19.96 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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0.39
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0.77 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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2.97
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2.88 |
6.19 |
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Current Ratio (Current Asset/Current Liability) |
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1.51
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1.42 |
1.15 |
LOCAL AGENCY
FURTHER INFORMATION
The Registered office of the company has been shifted from 198/23,
Uniline House, Ramedsh Market, East of Kailash, New Delhi-110065, India to the present
address w.e.f 01.09.2007
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U74899DL1990PTC039060 |
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Name of the
company |
UNILINE ENERGY SYSTEMS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
6, DSIDC Computer Complex, Okhla Industrial Area, Phase – II, New
Delhi- 110020 |
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Type of charge |
Book Debts Movable Property Floating Charge |
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Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai-400013, Maharashtra, India |
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Nature of
description of the instrument creating or modifying the charge |
Letter of Hypothecation
of stock and Book Debts Memorandum
relating to hypothecation of plant and machinery |
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Date of
instrument Creating the charge |
06.02.2008 |
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Amount secured by
the charge |
Rs. 80.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 10.5% p.a. plus
Interest Tax as and when applicable, or as stipulated by the bank form time
to time. Terms of
Repayment Payable on Demand Margin 25% Against Book
Debts and 25% Against Stock or at Stipulated by the bank form time to time. Extent and
Operation of the charge Hypothecation by
way of First charge on all the stock and book debts and movable plant and
machinery of the company both present and future. |
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Short particulars
of the property charged |
Hypothecation by
way of first charge on all the stock and book debts and movable plant and
machinery of the company both present and future. |
AS PER WEBSITE
Profile:
Uniline has been making waves in the Power Conditioning Industry since
1989. From a small start, today Uniline is amongst the leading source in Power
Electronics Sector, catering to the needs of large and small Computer
Installations, Industrial Automation, Banks, Airlines, Healthcare, R and D
Establishments, DoT etc.
Started under the entrepreneurship of a young Technocrat, today it boasts of
multicrores turnover and is amongst India's top UPS manufacturers. Decade of experience
and application of latest technologies are reflected in the products design and
are developed for the most severe Indian Power Conditions.
Today, they have 10,000 sq. feet of modernized sales and service area in
South Delhi and Factories at Delhi and Parwanoo (H.P.) along with Branch
Offices all over India. They also have an in-house state-of-the-art R and D
center for latest design and development. All the products are tested by
reputed National Test Labs for Specification, Environment, Safety and EMC etc.
With a wide product range and All India Network for Sales and Supports,
it is little wonder that Uniline has been donned with the prestigious Udyog
Pragati Awards, ISO 9001, ISO 14001 Certification, National Quality Gold Star
Award and Udyog Rattan Award etc.
All the products are also available through DGS and D, Kendriya Bhandar,
NCCF and on Rate Contract with Stage Organisations.
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.46.94 |
|
UK Pound |
1 |
Rs.85.57 |
|
Euro |
1 |
Rs.67.79 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
7 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
8 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
8 |
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--LEVERAGE |
1~10 |
8 |
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--RESERVES |
1~10 |
8 |
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--CREDIT LINES |
1~10 |
8 |
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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 |
|
65 |
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 |
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