%20PRIVATE%20LIMITED%20-137463%2013-Apr-2011_files/image006.jpg){kind=small}
MIRA INFORM REPORT
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Report Date : |
13.04.2011 |
IDENTIFICATION DETAILS
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Name : |
METALIC IMPRESSIONS ( |
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Registered
Office : |
A-24/1, Naraina Industrial Area, Phase I, New Delhi-110028 |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
28.01.1998 |
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Com. Reg. No.: |
55-091955 |
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CIN No.: [Company Identification
No.] |
U21019DL1998PTC091955 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Plastic Sheet Printed Labels
like Escutcheon, Fascia Panel, Membrane Switch and Sheet Metal Items for
Electronic and Engineering Industries. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (43) |
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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 76000 |
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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 an established company having satisfactory track. Trade relations
are fair. Business is active. Payments are reported to be usually correct 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
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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/ Factory : |
A-24/1, Naraina Industrial Area, Phase I, New Delhi-110028, |
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Tel. No.: |
91-11-55457221/51410311/27682608 |
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Fax No.: |
91-11-51410310 |
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E-Mail : |
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Factory: |
Plot No. 37, Udyog Vihar, Greater Noida, G.B. Nagar-201306, |
DIRECTORS
As on 30.09.2010
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Name : |
Mr. Satinder Pal Singh Kalra |
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Designation : |
Director |
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Address : |
D-70, Fateh Nagar, New Delhi-110018, |
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Date of Birth/Age : |
10.06.1955 |
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Date of Appointment : |
28.01.1998 |
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Name : |
Mr. Harinder Kaur Kalra |
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Designation : |
Director |
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Address : |
D-70, Fateh Nagar, New Delhi-110018, |
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Date of Birth/Age : |
05.06.1960 |
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Date of Appointment : |
28.01.1998 |
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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Satinder Pal Singh Kalra |
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29940 |
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Harinder Kaur Kalra |
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12400 |
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Saranjit Singh Kalra |
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4000 |
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Total |
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46340 |
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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Directors
or relatives of directors |
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100.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Plastic Sheet Printed Labels
like Escutcheon, Fascia Panel, Membrane Switch and Sheet Metal Items for
Electronic and Engineering Industries. |
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Products : |
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GENERAL INFORMATION
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Bankers : |
Punjab and Sind Bank, B-38/39, Industrial Area, Phase 1, Naraina, New
Delhi-110028, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Verma Garg and Associates Chartered Accountant |
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Address : |
E-159, Kamla Nagar, New Delhi-110007, |
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Mobile No.: |
91-9810581849/9810116346 |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
46340 |
Equity Shares |
Rs.100/- each |
Rs.4.634
Millions |
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 |
4.634 |
4.634 |
4.634 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
14.449 |
14.230 |
13.356 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
19.083 |
18.864 |
17.990 |
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LOAN FUNDS |
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1] Secured Loans |
99.575 |
84.886 |
75.876 |
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2] Unsecured Loans |
5.679 |
5.900 |
0.390 |
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TOTAL BORROWING |
105.254 |
90.786 |
76.266 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
124.337 |
109.650 |
94.256 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
68.296 |
61.626 |
62.866 |
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Capital work-in-progress |
0.000 |
0.000 |
0.938 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.097 |
1.371 |
1.848 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
41.814
|
38.575 |
15.888 |
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Sundry Debtors |
29.380
|
25.051 |
18.598 |
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Cash & Bank Balances |
4.599
|
0.731 |
1.385 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
7.514
|
7.223 |
11.126 |
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Total
Current Assets |
83.307
|
71.580 |
46.997 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
22.622
|
9.945 |
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Other Current Liabilities |
4.521
|
14.797 |
18.224 |
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Provisions |
0.247
|
0.225 |
0.223 |
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Total
Current Liabilities |
27.390
|
24.967 |
18.447 |
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Net Current Assets |
55.917
|
46.613 |
28.550 |
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MISCELLANEOUS EXPENSES |
0.027 |
0.040 |
0.054 |
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TOTAL |
124.337 |
109.650 |
94.256 |
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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 |
163.827 |
120.638 |
117.295 |
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Other Income |
0.322 |
0.054 |
0.130 |
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TOTAL |
164.149 |
120.692 |
117.425 |
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Less |
EXPENSES |
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Purchases |
103.096 |
80.080 |
88.067 |
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Manufacturing and Other Direct Expenses |
22.253 |
23.931 |
16.365 |
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Administrative and Selling Expenses |
31.306 |
29.265 |
19.376 |
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Increase / Decrease in Stock |
(3.238) |
(22.686) |
(4.902) |
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TOTAL |
153.417 |
110.590 |
118.906 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
10.732 |
10.102 |
(1.481) |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
8.981 |
8.510 |
3.454 |
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PROFIT BEFORE
TAX |
1.751 |
1.592 |
(4.935) |
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Less |
TAX |
1.532 |
0.718 |
(2.289) |
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PROFIT AFTER TAX
|
0.219 |
0.874 |
(2.646) |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.492 |
6.618 |
9.264 |
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BALANCE CARRIED
TO THE B/S |
7.711 |
7.492 |
6.618 |
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Earnings Per
Share (Rs.) |
4.72 |
18.86 |
NA |
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KEY RATIOS
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PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
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PAT / Total Income |
(%) |
0.13
|
0.72 |
(2.25) |
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Net Profit Margin (PBT/Sales) |
(%) |
1.07
|
1.32 |
(4.21) |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.15
|
1.20 |
(4.49) |
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Return on Investment (ROI) (PBT/Networth) |
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0.09
|
0.08 |
(0.27) |
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Debt Equity Ratio (Total Liability/Networth) |
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6.95
|
6.14 |
5.26 |
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Current Ratio (Current Asset/Current Liability) |
|
3.04
|
2.87 |
2.55 |
LOCAL AGENCY FURTHER INFORMATION
Operations:
The company turnover during the year was Rs.163.800 millions as compare to
Rs.120.600 millions last year. The directors are taking necessary steps for
increasing business activities and they are hopeful of presenting improved
results in the coming year.
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U21019DL1998PTC091955 |
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Name of the
company |
METALIC
IMPRESSIONS ( |
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Address of the
registered office or of the principal place of business in |
A-24/1, Naraina Industrial Area, Phase I, New Delhi-110028, |
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Type of charge |
Others |
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Particular of
charge holder |
Punjab and Sind Bank, B-38/39, Industrial Area, Phase 1, Naraina, New
Delhi-110028, |
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Email |
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Nature of
description of the instrument creating or modifying the charge |
Agreement of
Hypothecation |
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Date of
instrument Creating the charge |
19.02.2011 |
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Amount secured by
the charge |
Rs.4.000 Millions
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 13.55% Terms of
Repayment 84 Months Margin 25% Extent and
Operation of the charge Term Loan Of Rs. 4.000
millions for 84 Months Period repayable w.e.f. April 2011 |
|
Short particulars
of the property charged |
Plant and
machinery to be purchased from this loan |
Fixed Assets:
- Plant and Machinery
- Furniture and Fixtures
- Plot
- Die Mould
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.44.20 |
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|
1 |
Rs.72.26 |
|
Euro |
1 |
Rs.63.90 |
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 |
4 |
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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 |
4 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
43 |
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.