MIRA
INFORM REPORT
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Report Date : |
01.04.2011 |
IDENTIFICATION DETAILS
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Name : |
SUPER SCREWS PRIVATE LIMITED |
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Registered
Office : |
523 Ansal Tower, 38 Nehru Place, Delhi-110019, Delhi |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
25.05.1993 |
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Com. Reg. No.: |
053755 |
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CIN No.: [Company Identification
No.] |
U74899DL1993PTC053755 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELS20472E |
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PAN No.: [Permanent Account No.] |
AAACS4782Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Five vast fastener. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (51) |
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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 720000 |
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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 an established company having fine track. General financial
position of the company is good. Trade relations are fair. Business is active.
Payments are reported to be regular and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered Office : |
523 Ansal Tower, 38 Nehru Place, Delhi-110019, Delhi, India |
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E-Mail : |
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Website : |
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Head Office : |
Plot No.30, Sector 24, Faridabad -121005, Haryana, India |
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Tel. No.: |
91-129-4029811 /12 / 13 /14 |
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Fax No.: |
91-129-2233810 |
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E-Mail : |
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Manufacturing Plants : |
·
Faridabad ·
Palwal ·
Bawal ·
Manesar |
DIRECTORS
As On : 30.09.2010
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Name : |
Mr. Susham Kumar Kapoor |
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Designation : |
Managing Director |
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Address : |
House No.1304, Sector-14, Faridabad-121005, Haryana, India |
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Date of Birth/Age : |
02.01.1955 |
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Date of Appointment : |
25.05.1993 |
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DIN No : |
00251462 |
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Name : |
Ms. Veena Kapoor |
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Designation : |
Director |
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Address : |
House No.1304, Sector-14, Faridabad-121005, Haryana, India |
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Date of Birth/Age : |
06.11.1957 |
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Date of Appointment : |
25.05.1993 |
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DIN No : |
00251469 |
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Name : |
Mr. Abhishek Kapoor |
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Designation : |
Director |
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Address : |
House No.1304, Sector-14, Faridabad-121005, Haryana, India |
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Date of Birth/Age : |
31.08.1979 |
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Date of Appointment : |
01.04.2003 |
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DIN No : |
00251446 |
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Name : |
Mr. Samrat Kapoor |
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Designation : |
Director |
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Address : |
House No.1304, Sector-14, Faridabad-121005, Haryana, India |
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Date of Birth/Age : |
28.07.1983 |
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Date of Appointment : |
01.04.2008 |
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DIN No : |
02143436 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
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Names of Shareholders |
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No. of Shares |
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Abhishek Kapoor |
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597600 |
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Dinesh Kapoor |
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10000 |
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Dorian Punj (NRO) |
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16000 |
|
M/s Insultec Internatinal Private Limited, India |
|
40000 |
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Mahesh Kumar Kapoor |
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2360 |
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Pooja Kapoor |
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46000 |
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Samrat Kapoor |
|
503040 |
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Samridh Kapoor |
|
198000 |
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Susham Kumar Kapoor |
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1350000 |
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M/s Tankaria Exports |
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20000 |
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Veeena Kapoor |
|
1217000 |
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Total |
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4000000 |
AS ON 31.03.2010
|
List of Subscribed and Paid up capital |
|
No. of Shares |
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Abhishek Kapoor |
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431300 |
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Dinesh Kapoor |
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10000 |
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Dorian Punj (NRO) |
|
16000 |
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M/s Insultec Internatinal Private Limited, India |
|
40000 |
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Mahesh Kumar Kapoor |
|
2360 |
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Pooja Kapoor |
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46000 |
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Samrat Kapoor |
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403040 |
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Samridh Kapoor |
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198000 |
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Susham Kumar Kapoor |
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1250000 |
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M/s Tankaria Exports |
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20000 |
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Veeena Kapoor |
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1117000 |
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Total |
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3533700 |
AS ON 30.09.2010
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Bodies corporate |
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1.50 |
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Directors or relatives of directors |
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98.10 |
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Others |
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0.40 |
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Total
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Five vast fastener. |
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Products : |
· Nuts · Bolts ·
Screws |
GENERAL INFORMATION
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Customers : |
v Maruti Udyog Limited v Hero Honda Motors Limited v LG Electronics v Tata Motors Limited v JCB India Limited v Denso India Limited v Swaraj Mazda Limited v Yamaha India v Subros v Delphi Automotive Systems v Hero Motors v Suzuki Motorcycle India Limited v Mitsuba Sical v Sanden Vikas v Motherson Sumi Systems v Tata Marcopolo Motors Limited v Honda Motorcycle and Scooter India Private Limited v Mahindra Two Wheelers Private Limited v International Tractors Limited (Sonalika Group) v Honda Siel Power Products Limited v Keihin Fie Private Limited. v Knorr- Bremse Group v Varroc Group v ASAHI
India |
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Bankers : |
·
State Bank of India, SIB Branch, 65, Neelam Bata
Road, Faridabad-121001, Haryana, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
B. B. Mathur and Company Chartered Accountant |
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Address : |
3/13-B, Asaf Ali Road, New Delhi-110002, Delhi, India |
CAPITAL STRUCTURE
As On : 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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5000000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
3533700 |
Equity Shares |
Rs. 10/- each |
Rs. 35.337
millions |
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As On : 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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10000000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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4000000 |
Equity Shares |
Rs. 10/- each |
Rs. 40.000
millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
35.337 |
31.307 |
25.252 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
147.006 |
122.548 |
94.351 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
182.343 |
153.855 |
119.603 |
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LOAN FUNDS |
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1] Secured Loans |
237.532 |
260.523 |
241.513 |
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2] Unsecured Loans |
40.847 |
37.391 |
21.629 |
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TOTAL BORROWING |
278.379 |
297.914 |
263.142 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
460.722 |
451.769 |
382.745 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
344.565 |
241.147 |
215.081 |
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Capital work-in-progress |
0.000 |
105.036 |
75.496 |
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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 |
55.197
|
53.709 |
42.456 |
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Sundry Debtors |
101.040
|
89.059 |
76.450 |
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Cash & Bank Balances |
2.633
|
1.865 |
6.221 |
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Other Current Assets |
0.000
|
0.000 |
0.050 |
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Loans & Advances |
35.740
|
35.020 |
31.447 |
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Total
Current Assets |
194.610
|
179.653 |
156.624 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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Other Current Liabilities |
70.979
|
65.877 |
57.377 |
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Provisions |
7.565
|
8.285 |
7.199 |
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Total
Current Liabilities |
78.544
|
74.162 |
64.576 |
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Net Current Assets |
116.066
|
105.491 |
92.048 |
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MISCELLANEOUS EXPENSES |
0.060 |
0.090 |
0.120 |
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ACCRUED INTEREST |
0.031 |
0.005 |
0.000 |
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TOTAL |
460.722 |
451.769 |
382.745 |
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PROFIT & LOSS
ACCOUNT
|
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PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
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Other Income |
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TOTAL |
510.203 |
404.435 |
361.840 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
478.986 |
373.844 |
335.990 |
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Advertising Expenses |
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TOTAL |
478.986 |
373.844 |
335.990 |
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PROFIT BEFORE
TAX |
31.217 |
30.591 |
25.850 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.79
|
7.27 |
6.95 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.20 |
0.22 |
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Debt Equity Ratio (Total Liability/Networth) |
|
1.96
|
2.42 |
2.74 |
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Current Ratio (Current Asset/Current Liability) |
|
2.48
|
2.42 |
2.43 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8
|
Corporate identity
number of the company |
U74899DL1993PTC053755 |
|
Name of the
company |
SUPER
SCREWS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
523 Ansal Tower, 38 Nehru Place, Delhi-110019, Delhi, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) Floating charge |
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Particular of
charge holder |
State Bank of India, SIB Branch, 65, Neelam Bata Road,
Faridabad-121001, Haryana, India |
|
Nature of
instrument creating charge |
Letter
of arrangement, copy of inland letter, supplemental agreement of loan cum
hypothecation. |
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Date of instrument
Creating the charge |
05.09.2008 |
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Amount secured by
the charge |
Rs. 209.000 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest
at 0.25% below (SBAR 13.75% w.e.f.12.08.2008) with a minimum of 13.50% p.a.
Rising or Falling therewith, on daily products with monthly rests. Present
effective rate 13.50% p.a. Terms of
repayment Working
capital :- repayable on demand. Margin Raw material
- 25%, semi finished goods and finished goods - 30%, domestic receivables -
40%. Extent and
operation of the charge Hypothecation
of all type of stock and receivables. EM of factory land and building with
Two sheds constructed thereon situated at Aurangabad (hodel) standing in the
name of The company. Extension of the first charge of all current and fixed
assets (present and Future) in the name of the company. Personal guarantee of
director shr. Susham Kumar Kapoor, Smt. Veena Kapoor, Shri Abhishek Kapoor,
Shri. Samrat Kapoor. |
|
Short particulars
of the property charged (Including location of the property) |
Factory
Land and Building Situated At Aurangabad (Hodel) |
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Charge
identification number of the charge to be modified |
90046317 |
|
Date of
instrument modifying the charge |
07.02.2007 |
|
Particulars of
the present modification |
Limit enhanced from Rs. 186.000 millions to Rs. 209.000 millions (CC
Hypothecation Rs. 80.000 millions which include CC (BD)* Rs. 60.000 millions,
stand by line of credit Rs. 12.000 millions, term loan (Existing TL-1, TL-2
and OTL-1)Rs. 12.000 millions, open term loan-II Rs. 5.000 millions, Term
Loan Rs. 90.000 millions, letter of Credit : Inland / Foreign Rs. 10.000
millions). |
FIXED ASSETS
ü Land
ü Building
ü Electric
Installations
ü Furniture and
Fixture
ü Office Equipment
ü Plant and
Machinery
ü Tools and Dies
ü Vehicle
WEB SIDE DETAILS
PROFILE
Subject was established in the year of
1993 under the able guidance of Mr. S. K. Kapoor, the present Chairman of the
company. Previously, the organization was a partnership firm by the name S. K.
Industries incepted in 1976. Today, subject has risen to Five vast
fastener-manufacturing units that provide to the fastener requirements of
various industries in the most precise manner. With a cumulative experience
exceeding 30 years of existence, Super Screw is a name to reckon with in the
fastener industry.
The company manufactures the widest
range of precision cold forged low and high tensile industrial fasteners and
components of carbon, alloy and stainless steel, well suited for all
applications in every type of industrial applications- like various automobile
usages, electronic, engineering and construction industries along with their
respective ancillaries.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.65 |
|
|
1 |
Rs.71.93 |
|
Euro |
1 |
Rs.63.24 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
51 |
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 |
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 |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.