MIRA
INFORM REPORT
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Report Date : |
21.10.2008 |
IDENTIFICATION DETAILS
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Name : |
SUKRITI ENGINEERS PRIVATE LIMITED |
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Registered Office : |
55 Okhala Industrial Complex Phase 1, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
12.12.1998 |
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Com. Reg. No.: |
55-34189 |
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CIN No.: [Company
Identification No.] |
U4899DL1988PTC034189 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELS31765G |
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PAN No.: [Permanent
Account No.] |
AAACS4356E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of water and waste water Treatment Plant, Air Pollution
Control Devices |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 2000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having moderate track. Payments
are reported as slow but correct. The company can be considered for small to mediocre business dealings at
usual trade terms and conditions. |
INFORMATION PARTED BY
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Name : |
Mr. S. Chander Chauhan |
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Designation : |
Partner |
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Date : |
18.10.2008 |
LOCATIONS
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Registered Office/ Factory : |
55 Okhala Industrial Complex Phase 1, New Delhi – 110 020, Delhi,
India |
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Tel. No.: |
91-11-26817546 |
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Fax No.: |
91-11-26811902 |
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E-Mail : |
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Website : |
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Area : |
250 sq ft |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Madhav Laxman Tike |
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Designation : |
Director |
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Address : |
J-112, Saket, New Delhi, Delhi, India |
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Name : |
Mr. Subhash Chandr Chauhan |
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Designation : |
Director |
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Address : |
81, Kailash Hill, New Delhi – 110 065, Delhi, India |
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Date of Birth/Age : |
27.05.1950 |
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Date of Appointment : |
12.12.1988 |
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Name : |
Mr. Yatin Chauhan |
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Designation : |
Director |
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Address : |
81, Kailash Hill, New Delhi – 110 065, Delhi, India |
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Date of Appointment : |
01.12.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Madhav Laxman Tike |
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101 |
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Mr. Subhash Chandra Chauhan |
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501 |
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Mrs. Preeti Chauhan |
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200 |
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Mr.Yatin Chauhan |
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200 |
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Total |
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1002 |
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Equity share
breakup (percentage of total equity) |
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Category |
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Percentage |
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Directors or relatives of directors |
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100 |
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Total |
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100 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of water and waste water Treatment Plant, Air Pollution
Control Devices |
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Products : |
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Exports : |
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Products : |
Water Treatment Pump |
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Countries : |
Middle East |
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Terms : |
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Selling : |
TT/ Advance |
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Purchasing : |
TT/ Advance |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users, Project Expenditure
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No. of Employees : |
30 |
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Bankers : |
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Facilities : |
Cash and Credit Rs.1.000 Million |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
G.S. Kohli and Company (A K Maheshwari, Partner, Membership No.84698) Chartered Accountant |
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Address : |
New Delhi |
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Name : |
Hari and Associates Chartered Accountant |
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Address : |
40B, 3rd Floor BD-Block, Shalimar Bagh, New Delhi – 110
088, Delhi, India |
CAPITAL STRUCTURE
(As On 29.09.2007)
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5000 |
Equity Shares |
Rs.100/- each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1002 |
Equity Shares |
Rs.100/-
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 |
0.399 |
0.354 |
0.327 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.499 |
0.454 |
0.427 |
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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 |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.003 |
0.002 |
0.003 |
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TOTAL |
0.502 |
0.456 |
0.430 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.022 |
0.011 |
0.015 |
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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 |
0.038
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0.021 |
0.275 |
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Sundry Debtors |
0.952
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1.315 |
1.374 |
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Cash & Bank Balances |
0.693
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0.252 |
0.243 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
0.722
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0.263 |
0.446 |
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Total
Current Assets |
2.405
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1.851 |
2.338 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
1.925
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1.395 |
1.916 |
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Provisions |
0.000
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0.011 |
0.006 |
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Total
Current Liabilities |
1.925
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1.406 |
1.922 |
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Net Current Assets |
0.480
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0.445 |
0.416 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
0.502 |
0.456 |
0.413 |
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Particulars |
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31.03.2008 |
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Sales Turnover |
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10.500 |
Expected Sales (2008-09) : Rs.20.000 Millions
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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12.031 |
3.699 |
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Other Income |
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0.037 |
0.000 |
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Total Income |
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12.068 |
3.699 |
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Profit/(Loss) Before Tax |
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0.096 |
0.033 |
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Provision for Taxation |
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0.051 |
0.002 |
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Profit/(Loss) After Tax |
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0.045 |
0.031 |
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Expenditures : |
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Increase/(Decrease) in Finished Goods |
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(0.017) |
0.254 |
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Depreciation & Amortization |
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0.007 |
0.004 |
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Other Expenditure |
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11.982 |
3.408 |
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Total Expenditure |
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11.972 |
3.666 |
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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 |
(%) |
0.37
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0.83 |
N.A |
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Net Profit Margin (PBT/Sales) |
(%) |
0.79
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0.89 |
N.A |
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Return on Total Assets (PBT/Total Assets} |
(%) |
3.95
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1.77 |
N.A |
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Return on Investment (ROI) (PBT/Networth) |
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0.19
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0.07 |
N.A |
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Debt Equity Ratio (Total Liability/Networth) |
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3.85
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3.09 |
4.50 |
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Current Ratio (Current Asset/Current Liability) |
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1.24
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1.31 |
1.21 |
LOCAL AGENCY FURTHER INFORMATION
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Additional Requirement of Indiamart for Trust-Seal |
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VAT / TIN : 07870163002 |
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IEC Code : 0504039709 |
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PAN / TAN : AAACS4356E |
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Bank Name : Bank of India |
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Bank Address : New Delhi |
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Bank A/c. No.: 11772 |
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In case of any affiliations / memberships / certifications : |
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Name : ISO 9001:2000 |
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Type : 14489107 |
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Expiry Date :2010 |
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As Per Websites
Subject is promoted by professional Engineers in the year 1988, undertaking Design, Fabrication, Supply, Erection and Commissioning of Water and Waste Water Treatment Plants, Water Treatment Process Plants and Air Pollution Control Systems. Over the past decade SEPL has made a marked impact on various industries specially in northern region by installing Water Treatment Process Plants and Waste Water Treatment Plants against specific requirement.
Water and Waste Water Treatment Plant has been executed utilizing the following
Treatment Operations and Processes such as :
- Physio Chemical Treatment comprising Clariflocculation, Filtration and Disinfection of river water, chemical dosing of coagulants and flocculents followed by flotation, precipitation for industrial effluents.
- Suspended Growth Bio-Reactors using single stage conventional, innovative approach to bio-treatment by combination of high rate and extended aeration systems and two / multi stage high rate systems with biological treatment etc.
- Fixed Film Aerobic Bio-Reactors Bio Filters (Trickling Filters) using both natural and plastic media at low and high loading rates.
- Rotating Biological Contractors (RBC) Rotating disk fixed film reactors such as RBC. Designs available in both mechanically driven and hybrid versions which use air power for rotating the disks as well as providing aeration.
- Anaerobic Bio- Reactors. Both fixed film and suspended growth systems.
- Sludge Thickening and De-Watering using gravity thickeners with and without aid of polymers, dissolved air flotation chemical conditioning, de-watering on belt press, plate and frame / chamber filter's press, vacuum filter, centrifuges etc.
- Tertiary Treatment of Waste Water using dis-infection with chlorine, Filtration by pressure / rapid gravity sand filters with single or dual / multi media and activated carbon filtration followed by membrane separation and exchange resin for effluent re-use.
CMT REPORT (Corruption, Money Laundering and 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.83 |
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UK Pound |
1 |
Rs.85.12 |
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Euro |
1 |
Rs.65.86 |
SCORE and 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 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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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37 |
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 and 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 and 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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