MIRA
INFORM REPORT
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Report Date : |
22.10.2008 |
IDENTIFICATION DETAILS
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Name : |
SURAJBALA EXPORTS PRIVATE LIMITED |
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Registered Office : |
902/290, Shalimar Industrial Area, Lane No. 3, |
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Country : |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
17.09.2002 |
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Com. Reg. No.: |
55-117002 |
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CIN No.: [Company
Identification No.] |
U51311DL2002PTC117002 |
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IEC No.: |
0502045591 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELS18405C |
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PAN No.: [Permanent
Account No.] |
AAGCS5966E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and supplier of ayurvedic products and herbal
products like natural spice oils, essential oils, natural pepperment
products, herbal extracts, medicinal herbs, natural pesticides oils, natural
fragrances and natural flavours. |
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 satisfactory track. Trade
relations are fair. Payments are usually correct and as per commitments. Nothing adverse reported. The company can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED BY
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Name : |
Mr. Ajit |
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Designation : |
Purchase Department |
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Contact No.: |
91-9871467499 |
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Date : |
20.10.2008 |
LOCATIONS
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Registered Office / Factory : |
902/290, Shalimar Industrial Area, Lane No. 3, |
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Tel. No.: |
91-11-27492547 / 27492546 |
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Mobile No.: |
91-
9811151696 [Mr. Vinesh Batla] 91-9999020307
[Mr. Sahil Batla] |
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Fax No.: |
91-11-27492546 |
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E-Mail : |
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Website : |
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Area : |
900 sq. ft. [Owned] |
DIRECTORS
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Name : |
Mr. Vinesh Batla |
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Designation : |
Director |
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Address : |
A-13,M.P. Envlave,
Pitam Pura, Delhi-110034 |
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Date of Birth/Age : |
06.09.1958 |
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Date of Appointment : |
17.09.2002 |
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Name : |
Mr. Sahil Batla |
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Designation : |
Director |
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Address : |
A-13 M.P Enclave,
Pitampura, |
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Date of Birth/Age : |
24.09.1986 |
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Date of Appointment : |
31.12.2004 |
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Name : |
Mr. Satiya Moorthy Kadiyala |
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Designation : |
Director |
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Address : |
48, 1st Floor, Krishnamachari Nagar, |
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Date of Birth/Age : |
24.08.1957 |
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Date of Appointment : |
15.04.2007 |
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Name : |
Mr. Gajanan Arvind Kulkarni |
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Designation : |
Director |
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Address : |
Plot No. 251, N – 3, |
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Date of Birth/Age : |
13.05.1979 |
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Date of Appointment : |
16.04.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Vinesh Batla |
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20600 |
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Sahil Batla |
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4000 |
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Satiya Moorthy Kadiyala |
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3500 |
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Total |
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28100 |
AS ON 20.08.2008
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Directors or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and supplier of ayurvedic products and herbal
products like natural spice oils, essential oils, natural eppermint products,
herbal extracts, medicinal herbs, natural pesticides oils, natural fragrances
and natural flavours. |
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Products : |
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Exports : |
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Countries : |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Advance / TT |
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Purchasing : |
Cash |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
10 |
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Bankers : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Dinesh Jain and Associates Chartered Accountants |
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Address : |
A-115, 2nd Floor, Vikas Marg, Shakarpur, Delhi – 110092 |
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Tel. No.: |
91-11-22509061 / 22058439 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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28100 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.281
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.281 |
0.281 |
0.281 |
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2] Share Application Money |
0.001 |
0.001 |
0.167 |
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3] Reserves & Surplus |
0.206 |
0.335 |
0.261 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.488 |
0.617 |
0.709 |
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LOAN FUNDS |
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1] Secured Loans |
2.368 |
0.777 |
0.000 |
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2] Unsecured Loans |
2.923 |
3.351 |
2.213 |
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TOTAL BORROWING |
5.291 |
4.128 |
2.213 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
5.779 |
4.745 |
2.922 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.919 |
1.235 |
0.177 |
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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 |
0.141 |
0.108 |
0.119 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
1.386
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1.498 |
1.554 |
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Sundry Debtors |
1.650
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1.316 |
0.715 |
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Cash & Bank Balances |
1.553
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0.606 |
0.681 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
0.847
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0.885 |
0.235 |
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Total
Current Assets |
5.436
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4.305 |
3.185 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
0.619
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0.670 |
0.459 |
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Provisions |
0.098
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0.233 |
0.105 |
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Total
Current Liabilities |
0.717
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0.903 |
0.564 |
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Net Current Assets |
4.719
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3.402 |
2.621 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.005 |
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TOTAL |
5.779 |
4.745 |
2.922 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
6.842 |
12.553 |
6.530 |
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6.842 |
12.553 |
6.530 |
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Profit/(Loss) Before Tax |
[0.073] |
0.207 |
0.160 |
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Provision for Taxation |
0.000 |
0.133 |
0.044 |
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Profit/(Loss) After Tax |
[0.073] |
0.074 |
0.116 |
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Expenditures : |
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Increase/(Decrease) in Finished Goods |
0.000 |
0.056 |
0.095 |
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Depreciation & Amortization |
0.316 |
0.196 |
0.037 |
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Other Expenditure |
6.599 |
12.094 |
6.238 |
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Total Expenditure |
6.915 |
12.346 |
6.370 |
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KEY RATIOS
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
31.03.2006 |
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PAT / Total Income |
(%) |
[1.07]
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0.59 |
1.78 |
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Net Profit Margin (PBT/Sales) |
(%) |
[1.07]
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1.65 |
2.45 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
[1.15]
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3.74 |
4.76 |
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Return on Investment (ROI) (PBT/Networth) |
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[0.15]
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0.34 |
0.23 |
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Debt Equity Ratio (Total Liability/Networth) |
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12.31
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8.15 |
3.92 |
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Current Ratio (Current Asset/Current Liability) |
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7.58
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4.77 |
5.65 |
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.:-- |
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VAT / TIN : 07570256384 |
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IEC Code : 0502045591 |
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PAN / TAN : AAGCS5966E |
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Bank Name : UCO Bank |
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Bank Address : Ranibag |
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Bank A/c. No.: 0158256001059 |
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Account Since : 4 Years |
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In case of any affiliations / memberships / certifications
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Name : ISO Certificate – 9001:2000 |
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Type :-- |
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Expiry Date : 2010 |
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Central Sales Tax No.: LC/071/7600256384/0902
State Sales Tax No.: LC/071/7600256384/0902
The Registered Office of the company has been shifted from C-476 Narela
Industrial Area, DSIDC, Narela, Delhi – 110040, India to the present address
w.e.f. 26.06.2006
AS PER WEBSITE
Profile
The promoter Directors of the company are Mr. Vinesh Batla and Mr. Naresh Batla. His management mind introduced the key basis of the organisation - Fair Dealing and best customer relationship management.
The company is into manufacturing and exports of Natural Oils, Pure Menthol crystals. Whether it is in-house manufacturing or out-sourcing of the products, one thing which they are sure about is the quality of each and every product which leaves their godown.
SBEPL emphasizes on rigid
quality control checks right from raw material to finished product stage. That's
why, they have been able to deliver consistent and high purity of menthol and
natural oils.The company has its own in-house manufacturing units, so as to
have total control over quality and production. They also welcome any custom
requirements so as to manufacturer the product according to the specifications
and designs.
They are having an previous experience of more than two decades in manufacturing. What has changed is the range of products they have introduced over time to serve every need in the industry; What hasn't changed however is their commitment to quality and customer support. Precision, quality and a firm belief in perfection has resulted in constant upgradation of technology and expansion of the existing production facilities to meet changing and exacting demands. This means having the best of men and machines
Associations with :
- Engineering
Export Promotion Council
- National
Centre for Trade Information
- India
Trade Promotion Organisation
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various s`ces
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. 40.12 |
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UK Pound |
1 |
Rs. 79.95 |
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Euro |
1 |
Rs. 62.41 |
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 |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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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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