MIRA
INFORM REPORT
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Report Date : |
07.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
SUPER LPG APPLIANCES PRIVATE LIMITED |
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Registered Office : |
Plot No. 794 V and P.O. Sahibabad, Daulatput, Delhi – 110 042 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
08.05.1988 |
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Com. Reg. No.: |
55-31567 |
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CIN No.: [Company
Identification No.] |
U74899DL1988PTC031567 |
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IEC No.: |
0595023878 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELS28529E |
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PAN No.: [Permanent
Account No.] |
AABCS1648G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of LPG Gas Appliances and Bio Gas
Appliances. |
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 9000 |
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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. H R Ahuja, Export Executive confirmed the details. 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. H R Ahuja |
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Designation : |
Export Executive |
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Contact No.: |
91-9899356200 |
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Date : |
03.10.2008 |
LOCATIONS
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Registered Office/Factory : |
Plot No. 794 V and P.O. Sahibabad, Daulatput, Delhi – 110 042, India |
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Tel. No.: |
91-11-32933354 / 27292003 / 27298601 / 27895155 |
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Mobile No.: |
91-9899356200 |
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Fax No.: |
91-11-27895155 |
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E-Mail : |
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Website : |
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Area : |
1000 Sq. yards |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Vijay Aggarwal |
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Designation : |
Director |
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Address : |
A-Binglow, Malka Ganj, Delhi – 110 007, India |
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Date of Birth/Age : |
27.04.1962 |
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Qualification : |
Graduate |
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Date of Appointment : |
08.05.1988 |
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Name : |
Mr. Ajay Kumar |
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Designation : |
Director |
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Address : |
S-26, Karampura, Delhi – 110 015, India |
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Date of Birth/Age : |
25.11.1972 |
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Qualification : |
Graduate |
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Date of Appointment : |
12.12.1997 |
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Name : |
Mr. Kirti Shah |
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Designation : |
Director |
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Address : |
Flat No. 906/A Wing, Shankar Park, Shankar Gali, Kandivli (West),
Mumbai – 400 067, Maharashtra, India |
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Date of Appointment : |
30.11.2004 |
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Name : |
Mr. Vinod Aggarwal |
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Designation : |
Director |
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Address : |
A-Binglow, Malka Ganj, Delhi – 110 007, India |
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Date of Birth/Age : |
17.06.1955 |
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Date of Appointment : |
01.07.2006 |
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Other Directorship : |
·
Ishaan Metals Private Limited CIN No.: U74999DL2003PTC122642 ·
Ishaan Eximco Private Limited CIN No.: U51109DL2000PTC103093 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 31.03.2007)
|
Names of Shareholders |
No. of Shares |
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Vinod Aggarwal |
10 |
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Vijay Aggarwal |
10 |
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Naveen Aggarwal |
10 |
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Neeti Chaudhary |
800 |
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Preeti Chaudhary |
800 |
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Sanjay Chaudhary |
150 |
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Chotte Lal |
2000 |
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Ajay Kumar |
1500 |
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Total |
5280 |
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 |
32.20 |
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Others |
67.80 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of LPG Gas Appliances and Bio Gas
Appliances. |
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Products : |
·
Single Burner (Fire Ball) ·
Single Burner Gas Stove (Taper) ·
Single Burner (Supreme Auto) ·
Double Burner Gas Stove SS (Taper) ·
Double Burner SS (Supreme Auto) ·
Double Burner SS (Cute) ·
Double Burners Gas Stove SS (Supreme) ·
Double Burners SS (Magic Auto) ·
Double Burners SS (Magic) ·
Three Burner Gas Stove SS (Spectra and
Spectra Auto) ·
Three Burner Gas Stove SS (Classic) ·
Three Burners Gas Stove SS (Non-Auto and
Auto) ·
Three Burners Gas Stove SS (Triple Cook) ·
4 Burners Gas Stove SS (CT-200) ·
4 Burners Gas Stove SS (Skytec Auto and
Non-Auto) ·
4 Burners Gas Stove SS (CT-400) ·
4 Burners Gas Stove SS (VS-2) ·
4 Burners Gas Stove SS (CT-900) ·
4 Burners Gas Stove SS Skytech with Glass
Cover ·
Burners Gas Stove SS (With and Without Glass
Cover) |
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Brand Names : |
·
Sun Shine ·
Luxmi Shine ·
Butter Flame ·
Akai Flame ·
Surya Urja ·
Best Flame ·
Luxmi Super |
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Exports : |
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Products : |
LPG Gas Appliances |
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Countries : |
·
Tanzania ·
Jamaica ·
Afghanistan ·
Yemen |
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Terms : |
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Selling : |
T.T. / D.D. |
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Purchasing : |
Credit (30 days / 60 days / 90 days) |
GENERAL
INFORMATION
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Customers : |
·
Wholesalers ·
Retailers ·
End Users |
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No. of Employees : |
27 (In Office 7 and In Factory 20) |
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Bankers : |
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Oriental Bank of Commerce, Prashant Vihar, Delhi ·
State Bank of India ·
Punjab National Bank |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Rohit KC Jain and Company Chartered Accountants |
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Address : |
124, Hans Bhawan, 1, Bahadur Shah Zafar Marg, New Delhi – 110 002,
India |
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Associates/Subsidiaries : |
·
Ishaan Metals Private Limited CIN No.: U74999DL2003PTC122642 ·
Ishaan Eximco Private Limited CIN No.: U51109DL2000PTC103093 |
CAPITAL STRUCTURE
(As on 30.09.2007)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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5280 |
Equity Shares |
Rs.100/- each |
Rs.0.528
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.528 |
0.528 |
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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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1.223 |
0.966 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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1.751 |
1.494 |
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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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0.800 |
0.000 |
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TOTAL BORROWING |
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0.800 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.016 |
0.020 |
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TOTAL |
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2.567 |
1.514 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.347 |
0.384 |
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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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2.274 |
1.051 |
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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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1.588
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1.354 |
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Sundry Debtors |
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4.079
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2.951 |
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Cash & Bank Balances |
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0.054
|
0.423 |
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Other Current Assets |
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0.000
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0.000 |
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Loans & Advances |
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1.047
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0.546 |
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Total
Current Assets |
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6.768 |
5.274 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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6.483
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4.987 |
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Provisions |
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0.342
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0.213 |
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Total
Current Liabilities |
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6.825
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5.200 |
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Net Current Assets |
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(0.057)
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0.074 |
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MISCELLANEOUS EXPENSES |
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0.003 |
0.005 |
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TOTAL |
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2.567 |
1.514 |
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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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17.910 |
14.108 |
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Other Income |
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0.322 |
0.000 |
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Total Income |
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18.232 |
14.108 |
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Profit/(Loss) Before Tax |
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0.422 |
0.403 |
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Provision for Taxation |
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0.165 |
0.176 |
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Profit/(Loss) After Tax |
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0.257 |
0.227 |
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Total Expenditure |
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17.810 |
13.705 |
KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
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PAT / Total Income |
(%) |
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1.41 |
1.61 |
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Net Profit Margin (PBT/Sales) |
(%) |
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2.36 |
2.86 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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5.93 |
7.12 |
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Return on Investment (ROI) (PBT/Networth) |
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0.24 |
0.27 |
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Debt Equity Ratio (Total Liability/Networth) |
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4.35 |
3.48 |
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Current Ratio (Current Asset/Current Liability) |
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0.99 |
1.01 |
LOCAL AGENCY
FURTHER INFORMATION
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Additional Requirement
of Indiamart for Trust-Seal |
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Service Tax No. : - |
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Excise Registration No.: AABCS1648G XM001 |
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VAT / TIN : - |
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IEC Code : 0595023878 |
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PAN / TAN : AABCS1648G |
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Bank Name : Oriental Bank of Commerce |
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Bank Address : Prashant Vihar |
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Bank A/c. No.: - |
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Account Since : 1988 |
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In case of any affiliations / memberships / certifications : |
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Name : Quality Management Syatems |
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Type : ISO 9001 : 2000
No. Q13299/07 |
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Expiry Date : 24th January, 2010 |
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Trade References
·
Super Cordinators
Web Details
Profile
A name synonymous with reliability and quality,
Subject is a renowned manufacturer, exporter and government supplier of LPG
appliances and Biogas appliances. They have been successfully catering to the
expectation of the customers and have embedded a strong foothold in the
domestic as well as the international market.
With the cutting edge technology and product innovation as the cornerstones of
the corporate philosophy, they assure the customers, consistent quality and
dependability. The team of experts assist the customers to purchase LPG stoves
in a professional, courteous and concerned manner. The user friendly and
innovative designs of the products are
the result of years of experience and technical expertise of ther qualified
professionals. All the products are supported by first class sales service and
technical back-up.
Over the years, they have been able to create a niche for ourselves with the
superior quality products and high functionality. The work-culture, quality and
on time delivery have enabled them to maintain an ever increasing client base.
The reputation and performance keep the clients coming back to them with
repeated orders. They believe in maintaining a long term business partnership
with the esteemed customers and hence follow an ethical business practice,
providing them with services that are second to none in the industry
Product
Range
They offer the customers an impressive range
of gas stoves with the option of single or multiple burners. The ISI marked
stoves are available in both automatic and manual controls, so that customers
can choose the stoves according to their needs and requirements. While the
stoves are fabricated with steel, its burners and other parts like gas cocks
and jets are made strictly as per specifications laid down by the Bureau of
Indian Standards.
They provide the customers the freedom to choose from a wide range of stoves
with 1, 2, 3, 4 and 5 burners. All our products are available in all the
leading outlets and retail chains across the country. Available in super safe
packaging, the products are an ideal combination of aesthetics and performance.
Special Features
Engineered to precision, the products are specially designed to make the
cooking experience a real pleasure. Available at the most reasonable prices,
the products have many specials that make them an all time favourite amongst
the consumers. The USP of the products are as follows:
- High quality
brass burners as standard fitment
- Excellent
finish
- Highly fuel
efficient
- Easy to
operate
- Bear classy
labels
- Fitted with special
safety features
- Time saving
with fast cooking
- Washable and
easy to clean
- Bear no sharp
edges at bottom
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.46 |
|
UK Pound |
1 |
Rs.83.37 |
|
Euro |
1 |
Rs.64.46 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
|
--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 |
|
--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 |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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 |
|