MIRA
INFORM REPORT
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Report Date : |
24.10.2008 |
IDENTIFICATION DETAILS
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Name : |
NEW DELHI LABORATORIES PRIVATE LIMITED |
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Registered Office : |
408, Suneja Tower II, District Centre, Janakpuri, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
07.08.1998 |
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Com. Reg. No.: |
55-95441 |
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CIN No.: [Company
Identification No.] |
U73100DL1998PTC095411 |
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PAN No.: [Permanent
Account No.] |
AABCN0250B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Technical Testing and Analysis Service of Oil Testing and Electrical
Testing and all types of testing. |
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 39000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed testing laboratory. Trade
relations are fair. Financial position is satisfactory. Payments are usually
correct and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
INFORMATION PARTED BY
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Name : |
Mr. Nandlal Sinha |
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Designation : |
Accountant |
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Date : |
23.10.2008 |
LOCATIONS
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Registered Office : |
408, Suneja Tower II, District Centre, Janakpuri, New Delhi – 110 058,
India |
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Tel. No.: |
91-11-25534101 / 25534102 |
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Mobile No.: |
91-9899792712 / 9899792718 |
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Fax No.: |
91-11-25542100 |
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E-Mail : |
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Website : |
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Area : |
581 Sq. ft. |
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Location : |
Owned |
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Laboratory : |
709, Modern Industrial Estate, Bahadurgarh, Haryana, India |
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Tel. No.: |
91-1276-268404 |
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Fax No.: |
91-1276-268404 |
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Area : |
4500 Sq. ft. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Anil Kholi |
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Designation : |
Director |
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Address : |
A-1/312, II nd Floor, Janak Puri, New Delhi – 110 058, India |
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Date of Birth/Age : |
26.02.1964 |
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Qualification : |
B. Com |
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Date of Appointment : |
07.08.1998 |
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Name : |
Mrs. Renu Kholi |
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Designation : |
Diretor |
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Address : |
A-1/312, II nd Floor, Janak Puri, New Delhi – 110 058, India |
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Date of Birth/Age : |
04.05.1966 |
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Qualification : |
B. Com |
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Date of Appointment : |
07.08.1998 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(As on 29.09.2007)
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Names of Shareholders |
No. of Shares |
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Anil Kholi |
71600 |
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Renu Kholi |
29900 |
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Adarsh Bhandoo |
5350 |
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C M Bhandoo |
6250 |
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Deepak Ralli |
1900 |
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Dinesh Ralli |
1800 |
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Honey Ralli |
3550 |
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Jatish Bhandari |
5750 |
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Krishna Bhandari |
1800 |
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Kunal Pangasa |
1850 |
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Madhu Pangasa |
1850 |
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Rajnish Pangasa |
1900 |
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Shilpa Bhandoo |
3650 |
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Simmi Ralli |
3650 |
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Surinder Bhandari |
1850 |
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Vishal Bhandoo |
5950 |
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Total |
148600 |
Equity shares Breakup (percentage of total equity)
(As on 30.09.2007)
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Category |
Percentage |
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Directors or Relative of director |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Technical Testing and Analysis Service of Oil Testing and Electrical
Testing and all types of testing. |
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Terms : |
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Selling : |
Credit (30 days) |
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Purchasing : |
Cash |
GENERAL INFORMATION
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Customers : |
Automobile · Maruti ·
LML ·
Honda cars ·
Hero Honda ·
Escorts Yamaha Cement · ACC ·
Birla ·
Chittor ·
Century ·
Diamond ·
J.K. ·
Laxmi ·
Shriram Fertilizer · Duncons ·
IFFCO ·
N.F.L. ·
Chambal ·
Indo-Gulf ·
Oswal, Shriram Power · Essa ·
Power ·
Hindalco ·
Siemens ·
N.H.P.C. ·
HEG ·
N.P.C.L. Refinery · I.O.C.L. ·
B.P.C.L ·
H.P.C.L. ·
I.B.P. Steel · Tisco ·
H.C.L. ·
Hindustan Zinc Limited ·
Hindustan Copper Limited Textile · Reliance ·
Raymonds ·
Bhiwani Textiles ·
Parasrampuria ·
Modipon Chemical · SRF ·
Reliance ·
Oswal ·
Tata Chemicals ·
Oriental Carbon Govt. Sector · Bureau of Indian Standards ·
N.B.C.C. ·
I.T.D.C. IAAI ·
Delhi Vidyut Board ·
N.D.M.C. ·
C.P.W.D. ·
U.P.P.C.L. ·
B.S.E.B ·
B.B.M.B. ·
Indian Railways |
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No. of Employees : |
18 |
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Bankers : |
·
State Bank of India Sagar Tower, District Centre, Janakpuri,
New Delhi, India ·
Bank of Baroda C/A ·
Syndicate Bank ·
Corporation Bank ·
ICICI Bank |
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Facilities : |
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Banking Relations
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Satisfactory |
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Auditors : |
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Name : |
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Rajesh Krishna Chaudhary and Company Chartered Accountants Address : New Delhi ·
A K Khurana and Company Chartered Accountants Address : H-11, Lajpat
Nagar, New Delhi – 110 024, India |
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Associates/Subsidiaries : |
Anil Precision Instruments Work |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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148600 |
Equity Shares |
Rs.10/- each |
Rs.1.486
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 |
1.486 |
1.486 |
1.486 |
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2] Share Application Money |
0.000 |
0.000 |
0.090 |
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3] Reserves & Surplus |
6.215 |
4.532 |
2.952 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
7.701 |
6.018 |
4.528 |
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LOAN FUNDS |
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1] Secured Loans |
0.117 |
0.304 |
0.482 |
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2] Unsecured Loans |
0.000 |
0.000 |
1.831 |
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TOTAL BORROWING |
0.117 |
0.304 |
2.313 |
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DEFERRED TAX LIABILITIES |
0.053 |
0.068 |
0.104 |
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TOTAL |
7.871 |
6.390 |
6.945 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
3.059 |
2.650 |
2.960 |
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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 |
1.220
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0.000 |
0.000 |
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Sundry Debtors |
3.040
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1.648 |
2.209 |
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Cash & Bank Balances |
0.415
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0.426 |
0.355 |
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Other Current Assets |
0.727
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2.274 |
2.186 |
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Loans & Advances |
0.760
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0.013 |
0.145 |
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Total
Current Assets |
6.162
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4.361 |
4.895 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
0.077
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0.621 |
0.522 |
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Provisions |
1.273
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0.000 |
0.388 |
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Total
Current Liabilities |
1.350
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0.621 |
0.910 |
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Net Current Assets |
4.812
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3.740 |
3.985 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
7.871 |
6.390 |
6.945 |
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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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10.703 |
9.662 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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10.703 |
9.662 |
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Profit/(Loss) Before Tax |
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4.331 |
2.570 |
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Provision for Taxation |
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2.663 |
0.990 |
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Profit/(Loss) After Tax |
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1.668 |
1.580 |
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Total Expenditure |
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6.372 |
7.092 |
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 |
(%) |
15.58
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16.35 |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
40.47
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26.60 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
46.97
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36.66 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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0.56
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0.43 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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0.19
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0.15 |
0.71 |
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Current Ratio (Current Asset/Current Liability) |
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4.56
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7.02 |
5.38 |
LOCAL AGENCY FURTHER INFORMATION
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Additional Requirement
of Indiamart for Trust-Seal |
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Service Tax No. : AABCN0250B
ST 001 |
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Excise Registration No.: -- |
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VAT / TIN : -- |
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IEC Code : -- |
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PAN / TAN : AABCN0250B |
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Bank Name : State Bank of India |
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Bank Address : Sagar Tower, Janakpuri, New Delhi |
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Bank A/c. No.: 30055326232 |
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Account Since : 3 Years |
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In case of any affiliations / memberships / certifications : |
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Name : NABL |
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Type : National Accreditation Board for Testing and Calibration
Laboratories |
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Expiry Date : 15.10.2009 |
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Trade References
·
Reliance
·
Tata Power
·
Essae Power
Dividend
The Directors recommended payment of an
interim dividend of Rs.6.50 per share to all the share holders whose
name stood on the register of members on the record date i.e. 31st
March, 2007. A dividend of Rs.0.966 million was paid to eligible share holders
and Dividend tax of Rs.0.135 million was deposited on it. The board of
directors does not recommend any further dividend for the year ended 31st
March, 2007 as the same is considered final dividend.
Fixed Assets
·
Building
·
Computer
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Air Conditioner
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Furniture and Fixture
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Generator
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Lab Equipments
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Land
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Sampling Bottles
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Refrigerator
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UPs
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Mobile
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Office Equipment
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Tata 407
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Office 408
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Car (DL4CR-2085)
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Insulation Tester
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Motor Cycle
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Software
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Scooter
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Filter Plant
·
Television
Web Details
Subject offers the full range of analytical services for the quality
assessment of dielectric fluids and early detection of incipient faults in
oil-filled electrical equipments. Located in NEW DELHI, the specialized
laboratory was established in 1991 as the first commercial laboratory to offer
complete Transformer Care in India. The firm is serving to various State
Electricity Boards and Industrial organizations, which are maintaining the
electrical transformers or purchasing Transformer Oil.
Subject has the capacity to carry out the testing 2400 samples per annum of
Transformer Oil.
The Company was certified for Electrical Testing By NABL on 29.10.1997 with
effect from the status of company was changed Private Limited Company.
In its continued efforts to excel in transformer care, Subject is now
manufacturing and marketing a “World’s Unique Product Sensofast On-Line Fault
Monitoring System” for transformers. Sensofast is an On-Line Fault Monitoring
System for transformers that senses the very inception of any fault in the
transformer. It gives us great pleasure that Sensofast is the recipient of the
Best Product Award in ELECRAMA – 2002.
In addition recently they have developed a software solution that can monitor
up to 64 transformers for 04 parameters for each transformer. The four
parameters are: -
·
Gas level – sensed by Sensofast On-Line Fault
Monitoring System
·
Winding Temperature
·
Oil Temperature
·
Load
The company has grown up to be truly of National Nature as it is catering to
the requirements of companies through out India, surpassing the Geographical Barriers.
Over 400 customers are the backbone of the company those have given it Repeat
business over the years due its professional competence.
The company is continuously on the rising trends and will definitely touch new
Horizons in the years to come backed by its powerful workforce and those great
clients feeling satisfied.
Total Transformer Care Solutions
It is the one and only company in India which provides Total Transformer
care, having it’s own Laboratory, Filed Service Operations and High Vacuum and
Hot oil reconditioning System.
It
provides Off Line Fault Detection, On line Fault Sensor- Sensofast, Life
Assessment, Oil Testing, Oil Reconditioning, Transformer Refurbishment and
Protection System Care.
Diagnostics, Condition Monitoring, Life
Assessment And Life Improvement Of Transformers
Transformers
are a vital link in the distribution of electrical power in Industrial Plants
and Power Stations. But they are most neglected part. In today’s scenario they
are the easiest to maintain and hardest to replace equipments.
Life
of the Transformer is reflected by the insulation condition of all the parts of
Transformer. The followings are the parts, which constitute a Transformer.
1. Transformer core
2. Transformer windings
3. HV / LV Bushings
4. Transformer Oil
5. Paper / Solid Insulation
So
the life of transformer is based on the Insulation Life of the above-mentioned
parts.
Establishing
a sound and consistent Predictive and Preventive maintenance programme will
prolong the life of Transformers. For this very purpose we are to carry out
certain tests and maintenance which are described by various International
Standards whose Significance are as follows:-
IN THE TOTAL TRANSFORMER CARE
PACKAGE WE PROVIDE
1. Sensofast - Online Fault Monitoring System
2. D.G.A. - Off line Fault Detection
3. Oil Analysis as per IS : 1866
Tests Significance
1. Electric Strength Check Oil Insulation Value / Level
2. Water Content Check dissolved moisture-affecting
Insulation
3. Resistivity Affecting the insulation of core
and Windings
4. Tan Delta Check Power Loss and Heat
Dissipation
5. Acidity Paper Insulation
Decomposition in Oil
6. Sediments / Sludge Check Dissolved Contamination
7. Flash Point Fire catching Point
8. Inter Facial Tension Oil Quality
9. Dissolved Gas Check Internal Fault viz. Arcing,
Sparking
Analysis Hot Spot and Overheating
Etc.
4. R.L.A. – Residual Life Assessment
Tests Significance
1. Furan Analysis Furfural Contents in Oil, which reduces
Insulation Life of the Transformers
2. De-Polymerization Of Paper Decomposition of Insulating Paper
5. On site Oil Reconditioning / Reclamation
Tests Significance
1. Dehydration / Filtration Improve Electric Strength and
Water Contents Improve the Oil Quality
similar to New Oil
6. IR
Value Improvement - Increase the Transformer Insulation
7. Overhauling
- Increase the Life of the Transformer
8. Protection
System - Servicing, Testing & Calibration
1. Relays
2. Panels
3. Breakers (O.C.B, A.C.B and V.C.B)
4. Meters (Energy Meters, Volt Meters and
Ammeters)
5. Testing Instruments (Meggers and
Multimeters)
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.49.79 |
|
UK Pound |
1 |
Rs.81.27 |
|
Euro |
1 |
Rs.63.91 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
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|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
|
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--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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 |
|