MIRA
INFORM REPORT
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Report Date : |
08.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
BERI UDYOG PRIVATE LIMITED |
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Registered Office : |
E – 5, Ground Floor, Annexe, Maharani Bagh, New Delhi 110065 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
01.05.1995 |
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Com. Reg. No.: |
55-68014 |
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CIN No.: [Company
Identification No.] |
U74899DL1995PTC068014 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
RTKB01982B |
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PAN No.: [Permanent
Account No.] |
AAACB5379C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of Agriculture Implements |
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 200000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established reputed company meeting its normal commitments timeously. Trade relations are fair. Business is active. The company can be considered good for normal business
dealings |
INFORMATION PARTED
BY
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Name : |
Mr. Daljit Singh |
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Designation : |
Accountant |
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Contact No.: |
91-9813332431 |
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Date : |
04.06.2008 |
LOCATIONS
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Registered Office : |
E – 5, Ground Floor, Annexe, Maharani Bagh, New Delhi 110065, India |
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E-Mail : |
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Website : |
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Factory : |
100-101, HSIDC, Industrial Area, Sector 3, Karnal - 132 001, Haryana,
India |
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Tel. No.: |
91-184-2221571 /2221572 /2221573 |
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Fax No.: |
91-184-2221574 |
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E-Mail : |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Ravi Beri |
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Designation : |
Director |
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Address : |
40, Nayai Puri, Karnal 132001, Haryana, India |
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Date of Birth/Age : |
30.06.1957 |
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Qualification : |
Post Graduate |
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Date of Appointment : |
01.05.1995 |
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Name : |
Mrs. Rajni Beri |
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Designation : |
Director |
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Address : |
40, Nayai Puri, Karnal 132001, Haryana, India |
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Date of Birth/Age : |
20.10.1960 |
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Qualification : |
Post Graduate |
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Date of Appointment : |
01.05.1995 |
KEY EXECUTIVES
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Name : |
Naresh Garg and Associates |
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Designation : |
Company Secretary |
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Address : |
47, First Floor, I. B. School Complex, G. T. Road, Panipat, Haryana,
India |
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Mobile No.: |
91-9215537137 |
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Tel. No.: |
91-180-4016623 / 3255235 |
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E-mail: |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
[As on 31.03.2007]
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Names of Shareholders |
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No. of Shares |
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Ravi Beri |
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197610 |
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Rajni Beri |
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167900 |
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Ravi Beri HUF |
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50000 |
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Total |
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415510 |
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Equity Share
Break-up [As on 31.03.2007] |
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Percentage of
Holding |
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Directors or relatives of the Directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Agriculture Implements |
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Exports : |
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Countries : |
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Imports : |
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Products : |
Blades |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Advance Payment |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
15 |
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Bankers : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Midha and Associates Chartered Accountants |
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Address : |
1053, Sector 13, Urban Estate, Karnal 132001, Haryana, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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415510 |
Equity Shares |
Rs. 10/-
each |
Rs. 4.155
Millions |
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 |
4.155 |
4.155 |
4.155 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
16.570 |
7.421 |
5.990 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
20.725 |
11.576 |
10.145 |
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LOAN FUNDS |
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1] Secured Loans |
21.492 |
3.459 |
6.405 |
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2] Unsecured Loans |
0.050 |
0.250 |
0.744 |
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TOTAL BORROWING |
21.542 |
3.709 |
7.149 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
42.267 |
15.285 |
17.294 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
8.275 |
4.862 |
5.338 |
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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 |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
18.769
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5.865 |
8.069 |
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Sundry Debtors |
30.917
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22.106 |
32.964 |
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Cash & Bank Balances |
1.807
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0.474 |
0.103 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
0.411
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2.336 |
1.404 |
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Total
Current Assets |
51.904
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30.781 |
42.540 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
17.912
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20.358 |
30.594 |
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Provisions |
0.000
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0.000 |
0.000 |
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Total
Current Liabilities |
17.912
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20.358 |
30.594 |
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Net Current Assets |
33.992
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10.423 |
11.946 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.010 |
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TOTAL |
42.267 |
15.285 |
17.294 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
222.150 |
145.353 |
121.015 |
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Other Income |
10.335 |
0.003 |
0.001 |
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Total Income |
232.485 |
145.356 |
121.016 |
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Profit/(Loss) Before Tax |
13.941 |
2.435 |
1.668 |
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Provision for Taxation |
4.793 |
1.048 |
0.450 |
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Profit/(Loss) After Tax |
9.148 |
1.387 |
1.218 |
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Total Expenditure |
218.544 |
142.921 |
119.348 |
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 |
(%) |
3.93
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0.95 |
1.006 |
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Net Profit Margin (PBT/Sales) |
(%) |
6.27
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1.67 |
1.37 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
23.16
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6.84 |
3.48 |
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Return on Investment (ROI) (PBT/Networth) |
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0.67
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0.22 |
0.16 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.90
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2.07 |
3.72 |
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Current Ratio (Current Asset/Current Liability) |
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2.89
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1.51 |
1.39 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References:-
- Karnal Agriculture
Implement, Karnal
- Asian
Agriculture Implement
- Pushp
Enterprises, Delhi
Form 8:-
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This form is for |
Medication of
charge |
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Charge
identification number of the charge to be modified |
80007935 |
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Corporate
identity number of the company |
U74899DL1995PTC068014 |
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Name of the
company |
BERI UDYOG
PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
E – 5, Ground Floor, Annexe, Maharani Bagh, New Delhi 110065 |
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Type of charge |
Immovable property Book debts Movable property |
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Particular of
charge holder |
Punjab National
Bank SME Branch,
Namaste Chowk, Karnal 132001, Haryana, India |
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Nature of
description of the instrument creating or modifying the charge |
Hypothecation
agreement |
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Date of
instrument Creating the charge |
17.01.2007 |
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Amount secured by
the charge |
Rs. 23.260
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
[a] Rate of
interest Rat of interest
CC : 11.75% p.a. BPLR 3% i.e.
8.75% p.a. on monthly rests [b] Terms of
repayment On demand [c] Margin Raw Materials 25% Book Debts 30% [d] Extent and
operation of charge Rs. 23.260
Millions |
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Short particulars
of the property charged |
Equitable
mortgage of leasehold rights of plot no. 100-101, HSIDC, Karnal. Hypothecation of all fixed assets, stock
and book debts of the company |
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Date of latest
modification |
11.07.2006 |
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Particulars of
the present modification |
Limit enhanced from
Rs. 22.500 Millions to Rs. 23.260 Millions Limit enhanced by
providing the FLC limit of Rs. 0.760 Million Rate of interest
on FLC IS BPLR 3% i.e. 8.75% p.a. on monthly rests. |
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. 48.01 |
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UK Pound |
1 |
Rs. 84.16 |
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Euro |
1 |
Rs. 65.20 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
NO |
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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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