MIRA
INFORM REPORT
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Report Date : |
01.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
UNITOP POWER ELECTRONICS PRIVATE LIMITED |
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Registered Office : |
72 A, Pocket A, Sukhdev Vihar, New Delhi - 110 025 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
24.7.1998 |
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Com. Reg. No.: |
55-95257 |
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CIN No.: [Company
Identification No.] |
U51395DL1998PTC095257 |
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PAN No.: [Permanent
Account No.] |
AAACU5256F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trader, Dealer and Distributor for power protection and power back up
systems. |
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 2000 |
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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 : |
Subject is a well established company having steady business. Trade
relations are fair. Payments are usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Rajneesh |
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Designation : |
Technical Consultant |
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Contact No.: |
91-9810160686 / 9312236077 |
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Date : |
30.09.2008 |
LOCATIONS
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Registered Office : |
72 A, Pocket A, Sukhdev Vihar, New Delhi - 110 025, India |
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Fax No.: |
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Corporate Office : |
B-44, Flatted Factory Complex, Ochla, New Delhi – 110 020, India |
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Tel. No.: |
91-11-26311484 / 26311485 |
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Mobile No.: |
91-9810160686 / 93122 36077 / 9818907906 |
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Tele Fax No.: |
001-6311484 / 6311485 |
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E-Mail : |
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Area : |
450 Sq. ft. plus Warehouse |
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Location : |
Rented |
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Branch 1 : |
I, 35, Sector 9, Noida, Uttar Pradesh, India |
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Area : |
150 Sq. ft. |
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Location : |
Rented |
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Branch 2 : |
418, Jocalpura, Gurgaon, India |
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Area : |
150 Sq. ft. |
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Location : |
Rented |
DIRECTORS
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Name : |
Mrs. Anuradha Raheja |
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Designation : |
Director |
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Address : |
72-A, Pocket A, Sukhdev Vihar, New Delhi – 110 025, India |
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Date of Birth/Age : |
23.06.1963 |
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Qualification : |
M.Com. B.Ed |
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Date of Appointment : |
29.07.1998 |
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Name : |
Mrs. Shanta Raheja |
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Designation : |
Director |
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Address : |
72-A, Pocket A, Sukhdev Vihar, New Delhi – 110 025, India |
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Date of Birth/Age : |
16.01.1927 |
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Qualification : |
M.A. |
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Date of Appointment : |
29.12.2003 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 31.03.2007)
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Names of Shareholders |
No. of Shares |
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Shanta Raheja |
1 |
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Anuradha Raheja |
99 |
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Rajneesh Raheja |
9900 |
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Total |
10000 |
Equity shares Breakup (percentage of total equity)
(As on 30.09.2007)
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Category |
Percentage |
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Directors or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader, Dealer and Distributor for power protection and power back up
systems. |
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Products : |
·
Online UPS ·
Smart UPS ·
Isolation Transformer ·
Constant Voltage Transformer ·
Power Protection System ·
Three Phase Power Protection ·
Solar and Wind Power ·
Battery Charger ·
Electrical Turnkey Projects ·
Annual
Maintenance Contract Services ·
Servo Voltage Stabilizer (0.5 to 1000 KVA- 1 Phase/ 3
Phase) ·
Battery Charges ·
AVR ·
Isolation Transformer ·
UPS – On Line/ Line interactive- make “APC” |
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Agencies Held : |
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APC ·
Power ware ·
Amarson |
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Exports : |
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Countries : |
African Countries |
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
Cash and Credit (30 days) |
GENERAL
INFORMATION
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Customers : |
·
Wholesalers ·
Retailers ·
End Users ·
OEM’s ·
Indian Oil Corporation Limited ·
Idea Cellular Limited ·
Barista Coffee Company Limited ·
Naukri.com ·
HMV ·
Jawahar Lal Nehru University ·
National Institute of Immunology ·
ICGEB ·
Mehrasons ·
CEERI ·
WIPRO ·
VHAI ·
Escotel (U.P and Haryana) ·
D.O.T ·
Essar ·
Asian Paints |
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No. of Employees : |
8 |
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Bankers : |
Central Bank of India, Okhla Branch |
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Facilities : |
OD – Rs.4.600 millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Karan J S Jasuja Chartered Accountants |
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Address : |
6-G, Bigjo’s Tower, Netaji Subhash Place, Delhi – 110 034, India |
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Tel. No.: |
91-11-42471478 |
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Associates/Subsidiaries : |
Raheja Upkarma |
CAPITAL STRUCTURE
(As on 30.09.2007)
Authorised 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 |
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 |
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 |
0.311 |
0.311 |
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3] Reserves & Surplus |
0.367 |
0.126 |
0.055 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.467 |
0.537 |
0.466 |
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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 |
0.415 |
0.424 |
0.000 |
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TOTAL BORROWING |
0.415 |
0.424 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
0.882 |
0.961 |
0.466 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.114 |
0.010 |
0.012 |
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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 |
0.026 |
0.001 |
0.002 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
2.253
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0.846 |
0.454 |
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Sundry Debtors |
5.075
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2.924 |
1.971 |
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Cash & Bank Balances |
0.883
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0.523 |
0.147 |
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Other Current Assets |
0.531
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0.132 |
0.002 |
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Loans & Advances |
0.010
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0.002 |
0.016 |
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Total
Current Assets |
8.752
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4.427 |
2.590 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
7.560
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2.937 |
2.134 |
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Provisions |
0.452
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0.543 |
0.009 |
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Total
Current Liabilities |
8.012
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3.480 |
2.143 |
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Net Current Assets |
0.740
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0.947 |
0.447 |
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MISCELLANEOUS EXPENSES |
0.002 |
0.003 |
0.005 |
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TOTAL |
0.882 |
0.961 |
0.466 |
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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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20.891 |
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Other Income |
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0.120 |
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Total Income |
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21.011 |
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Profit/(Loss) Before Tax |
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0.325 |
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Provision for Taxation |
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0.084 |
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Profit/(Loss) After Tax |
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0.241 |
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Expenditures : |
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Depreciation & Amortization |
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0.010 |
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Other Expenditure |
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20.676 |
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Total Expenditure |
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20.686 |
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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 |
(%) |
1.15
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NA |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
1.56
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NA |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
3.67
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NA |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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0.70
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NA |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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18.04
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7.27 |
4.60 |
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Current Ratio (Current Asset/Current Liability) |
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1.09
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1.27 |
1.21 |
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance Chart
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Parameters |
Details |
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Existence Verification |
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Name |
UNITOP POWER ELECTRONICS PRIVATE LIMITED |
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Statutory Approvals |
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Legal Status of Firm |
Private Limited |
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Income Tax Registration |
AAACU5256F |
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State Sales Tax Registration |
AAACU5256F ST 001 |
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VAT/ TIN Registration |
07580244787 |
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Name of Bank |
Central Bank of India |
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Current Account Number |
C.A. 585 |
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Account Since |
1998 |
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Credibility Factors |
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IndiaMART Client Since |
2 Years |
Trade References
·
Idea Cellular
·
Barista
·
Café Coffee Day
Web Details
Incorporated in the year 1998, Subject are engaged in manufacturing,
supplying and exporting a vast range of power protection and power backup
systems such as voltage stabilizer, online UPS, solar power, power protection
system etc. Adding to the expertise, they skillfully undertake electrical
turnkey projects and annual maintenance contracts. Incepted with the view of
bringing a revolution in the area of power correction and solution, they work
with the team to continuously upgrade the manufacturing standards on global
scale. Thus, the initiatives and sincere aim of providing power solutions to
many telecoms, power establishments, industrial houses and end users
successfully materializes. The stringent efforts make the products qualitative
and most competitive in the domestic as well as global market.
For better functioning, they are equipped with well maintained setup which
takes care of the needs of the clients. With regular advancements in the
industry, they look forward to technological updating and upgradation which
will bring newer concepts in the area of power electronics.
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
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Indian Rupees |
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US Dollar |
1 |
Rs.46.94 |
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UK Pound |
1 |
Rs.85.57 |
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Euro |
1 |
Rs.67.79 |
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
YES |
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--AFFILIATION |
YES/NO |
YES |
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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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