1. Summary Information
|
|
|
Country |
|
|
Company Name |
A A TOOLINGS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Chandrasekaran Kauapatty Mohan |
|
Status |
Moderate |
Principal Name 2 |
Mr. Subhash Nagorao Dange |
|
|
|
Registration # |
11-132549 |
|
Street Address |
Shop No.7, |
||
|
Established Date |
04.08.2008 |
SIC Code |
-- |
|
Telephone# |
91-20-27370200 |
Business Style 1 |
Trader |
|
Fax # |
-- |
Business Style 2 |
Importer |
|
Homepage |
-- |
Product Name 1 |
Cutting Tools |
|
# of employees |
8
(Approximately) (In Office + In Warehouse) |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 2,500,000 /- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors - 84.00% Other top fifty shareholders -
16.00% |
Banking |
Indian Bank, Kirkee Branch, Shop No.2 and 3,
Kirkee Business Centre, Pune - 411003, |
|
Public Limited Corp. |
No |
Business Period |
2 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B
(27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.20009 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3,472,000 |
Current Liabilities |
1,396,000 |
|
Inventories |
1,700,000 |
Long-term Liabilities |
1,450,000 |
|
Fixed Assets |
112,000 |
Other Liabilities |
2,000 |
|
Deferred Assets |
-- |
Total Liabilities |
2,848,000 |
|
Invest& other Assets |
136,000 |
Retained Earnings |
22,000 |
|
|
|
Net Worth |
2,572,000 |
|
Total Assets |
5,420,000 |
Total Liab. & Equity |
5,420,000 |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2009 |
(Unit: Indian Rs.) |
|
|
Sales |
1,656,000 |
Net Profit |
20,000 |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
05.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
A A TOOLINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shop No.7, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2009 |
|
|
|
|
Date of
Incorporation : |
04.08.2008 |
|
|
|
|
Com. Reg. No.: |
11-132549 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28129PN2008PTC132549 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Cutting Tools |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 10000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is three year old company establishing itself gradually. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for business dealings with some
caution. |
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Bharat |
|
Designation : |
Accountant |
|
Date : |
25.03.2011 |
LOCATIONS
|
Registered Office/Warehouse : |
Shop No.7, |
|
Tel. No.: |
91-20-27370200 |
|
Mobile No.: |
91-9371449585 (Mr. Bharat) |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
DIRECTORS
AS ON 25.08.2009
|
Name : |
Mr. Chandrasekaran Kauapatty Mohan |
|
Designation : |
Director |
|
Address : |
Flat No. 4, Ground Floor, R 83/B, Yashoda HSG Society Brindavan
Complex Thane West, Thane – 400601, |
|
Date of Birth/Age : |
08.06.1965 |
|
Date of Appointment : |
04.08.2008 |
|
|
|
|
Name : |
Mr. Subhash Nagorao Dange |
|
Designation : |
Director |
|
Address : |
Sindhudurg HSG Society G Block, MIDC Sambhaji Nagar, Chinchwad, Pune –
411019, |
|
Date of Birth/Age : |
02.12.1977 |
|
Date of Appointment : |
04.08.2008 |
|
|
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.08.2009
|
Names of Shareholders |
|
No. of Shares |
|
Chandrasekaran Kauapatty Mohan |
|
10500 |
|
Subhash Nagorao Dange |
|
10500 |
|
Harkud P Pranjali Prashant |
|
4000 |
|
|
|
|
|
Total |
|
25000 |
AS ON 25.08.2009
|
Category |
Percentage |
|
Directors or relatives of Directors |
84.00 |
|
Other top fifty shareholders |
16.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Cutting Tools |
|
|
|
|
Imports : |
|
|
Products : |
Cutting Tools |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Credit (90 days) |
|
|
|
|
Purchasing : |
Credit (90 days) (Advance In Import ) |
GENERAL INFORMATION
|
Customers : |
|
|
|
|
|
No. of Employees : |
8 (Approximately) (In Office + In Warehouse) |
|
|
|
|
Bankers : |
Indian Bank,
Kirkee Branch, Shop No.2 and 3, Kirkee Business Centre, Pune - 411003, |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Prasad Kulkarni and Associates Chartered Accountant |
|
Address : |
Office No. 1, 1st Floor, Sai-Arcade, Sambhaji Nagar, MIDC, Chinchwad,
Pune – 411019, |
|
|
|
CAPITAL STRUCTURE
AS ON 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs.100/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs.100/-
each |
Rs. 2.500
Millions |
|
|
|
|
|
|
|
Share Application Money |
|
Rs. 0.050
Million |
|
|
|
|
|
|
|
Total |
|
Rs. 2.550 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.500 |
|
|
2] Share Application Money |
|
|
0.050 |
|
|
3] Reserves & Surplus |
|
|
0.022 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2.572 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
1.450 |
|
|
TOTAL BORROWING |
|
|
1.450 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.002 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4.024 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.112 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1.700 |
|
|
Sundry Debtors |
|
|
0.115 |
|
|
Cash & Bank Balances |
|
|
0.082 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
3.275 |
|
Total
Current Assets |
|
|
5.172 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Other Current Liabilities |
|
|
1.363 |
|
|
Provisions |
|
|
0.033 |
|
Total
Current Liabilities |
|
|
1.396 |
|
|
Net Current Assets |
|
|
3.776 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.136 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4.024 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
1.656 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
|
1.656 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
1.613 |
|
|
|
Interest |
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
TOTAL |
|
|
1.613 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
0.043 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.023 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
|
0.020 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
0.80 |
|
|
Particulars |
|
|
31.03.2010 |
|
Sales Turnover |
|
|
8.000 |
|
|
|
|
|
Expected Sales (2010-2011) : Rs. 10.000 millions
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2009 |
|
PAT / Total Income |
(%) |
|
|
1.20 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
2.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
0.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
1.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
3.70 |
LOCAL AGENCY FURTHER INFORMATION
Operation Review :
The Directors are confident that the company will continue to maintain
its good quality of product and Directors are Optimistic for a bright future of
the company.
Form
: 8
|
Corporate
identity number of the company |
U28129PN2008PTC132549 |
|
Name of the
company |
A A TOOLINGS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Shop no. 7 G Block MIDC
Sambhaji Nagar Chinchwad Pune - 411019, |
|
This form is for |
Modification of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
Indian Bank,
Kirkee Branch, Shop No.2 and 3, Kirkee Business Centre, Pune - 411003, |
|
Nature of
instrument creating charge |
1) Agreement for
open Cash Credit (Stock/ Book-Debts) 2) Agreement of
Hypothecation of Movables (Both the
documents executed for a single modification) |
|
Date of
instrument Creating the charge |
28/07/2009 |
|
Amount secured by
the charge |
Rs. 3.100
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest : BPLR+1% Floating
(Present Effective Rate 13%) Terms of repayment : Period -90 days. Margin : 25% on Stocks and
book-debts Extent and operation of the charge : The charge on
hypothecated assets continues till full repayment of Loan Other : Nil |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of
stocks and book debts. |
|
Particulars of
the present modification |
Company availed
additional facility (adhoc limit) of Rs.0.700 millions. The Total facilities
availed by the Company is Rs.3.100 millions. The charge on hypothecated assets
was extended to cover the total facilities availed by the Company. |
Fixed Assets
- Computer
Systems
- Furniture and Fixtures
- Telephone Instruments
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 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. 71.92 |
|
Euro |
1 |
Rs. 63.24 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.