Business
information report
1. Summary Information
|
Country |
|
||
|
Company Name |
STROM ENERGIE PRIVATE LIMITED |
Principal Name 1 |
Mr. Yogendra Vasant Talware |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Bharati Y Talware |
|
Registration # |
020667 |
||
|
Street Address |
04, Dnyaneshwari Apartsment, Prabha Society, Mayur Colony, Kothrud,
Pune 411038, |
||
|
Established Date |
02.05.2005 |
SIC Code |
-- |
|
Telephone# |
91-20-25410199 |
Business Style 1 |
Manufacturer of Capacitors, Digital Meters, Switchgear etc. |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
500000 |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors 100.00% |
Banking |
Bank of |
|
Public Limited Corp. |
-- |
Business Period |
6 years |
|
IPO |
-- |
International Ins. |
- |
|
Public |
-- |
Rating |
Ba (43) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
6,688,000 |
Current Liabilities |
5,370,000 |
|
Inventories |
3,865,000 |
Long-term Liabilities |
3,120,000 |
|
Fixed Assets |
286,000 |
Other Liabilities |
56,000 |
|
Deferred Assets |
0 |
Total Liabilities |
8,546,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
1,793,000 |
|
|
|
Net Worth |
2,293,000 |
|
Total Assets |
10,839,000 |
Total Liab. & Equity |
10,839,000 |
|
Total Assets (Previous Year) |
10,277,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
29,842,000 |
Net Profit |
573,000 |
|
Sales(Previous yr) |
23,163,000 |
Net Profit(Prev.yr) |
385,000 |
MIRA INFORM REPORT
|
Report Date : |
20.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
STROM ENERGIE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
04, Dnyaneshwari Apartsment, Prabha Society, Mayur Colony, Kothrud,
Pune 411038, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
02.05.2005 |
|
|
|
|
Com. Reg. No.: |
020667 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40101PN2005PTC020667 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES19404A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS9408D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Capacitors, Digital Meters, Switchgear etc. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 9172 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to be
usually correct. 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
04, Dnyaneshwari Apartsment, Prabha Society, Mayur Colony, Kothrud,
Pune 411038, Maharashtra, India |
|
Tel. No.: |
91-20-25410199 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Yogendra Vasant Talware |
|
Designation : |
Director |
|
Date of Birth/Age : |
02.11.1970 |
|
Date of Appointment : |
02.05.2005 |
|
|
|
|
Name : |
Mrs. Bharati Y Talware |
|
Designation : |
Director |
|
Date of Birth/Age : |
10.02.1973 |
|
Date of Appointment : |
02.05.2005 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Mr. Yogendra Vasant Talware |
49000 |
|
Mrs. Bharati Y Talware |
1000 |
|
Total |
50000 |
AS ON 30.09.2010
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Capacitors, Digital Meters, Switchgear etc. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Bankers : |
Bank of Maharashtra, Mayur Colony Branch, Pune 411038, |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Savadi and Associates Chartered Accountant |
|
Address : |
A-2, Krutika Apartment, Lane No. 9, Dahankuar Colony, Kothrud, Pune
411038, |
|
Tel. No.: |
91-20-25468481 |
|
E-Mail : |
|
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
AS ON 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs. 10 each |
Rs.0.500 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs. 10 each |
Rs.0.500 million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.500 |
0.500 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.793 |
1.254 |
0.869 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2.293 |
1.754 |
1.369 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.555 |
4.425 |
3.966 |
|
|
2] Unsecured Loans |
0.565 |
0.640 |
0.500 |
|
|
TOTAL BORROWING |
3.120 |
5.065 |
4.466 |
|
|
DEFERRED TAX LIABILITIES |
0.056 |
0.045 |
0.020 |
|
|
|
|
|
|
|
|
TOTAL |
5.469 |
6.864 |
5.855 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.286 |
0.327 |
0.161 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3.865
|
4.760 |
4.579 |
|
|
Sundry Debtors |
6.551
|
4.756 |
4.295 |
|
|
Cash & Bank Balances |
0.030
|
0.133 |
0.033 |
|
|
Other Current Assets |
0.107
|
0.296 |
0.149 |
|
|
Loans & Advances |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
10.553
|
9.945 |
9.056 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000 |
0.000 |
0.000 |
|
|
Other Current Liabilities |
4.984
|
3.026 |
3.141 |
|
|
Provisions |
0.386
|
0.387 |
0.230 |
|
Total
Current Liabilities |
5.370
|
3.413 |
3.371 |
|
|
Net Current Assets |
5.183
|
6.532 |
5.685 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.005 |
0.010 |
|
|
|
|
|
|
|
|
TOTAL |
5.469 |
6.864 |
5.855 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
29.842 |
23.163 |
18.196 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
29.842 |
23.163 |
18.196 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
29.007 |
22.602 |
17.593 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
29.007 |
22.602 |
17.593 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.835 |
0.561 |
0.603 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.835 |
0.561 |
0.603 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.835 |
0.561 |
0.603 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.262 |
0.176 |
0.191 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.573 |
0.385 |
0.412 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
-- |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.92
|
1.66 |
2.26 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.79
|
2.42 |
3.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.70
|
5.46 |
6.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.31 |
0.44 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.72
|
4.85 |
5.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.96
|
2.91 |
2.68 |
LOCAL AGENCY FURTHER INFORMATION
Fixed Assets:
- Furniture
- Computer
- Machinery
- Car
FORM 8
|
Corporate
identity number of the company |
U40101PN2005PTC020667 |
|
Name of the
company |
STROM ENERGIE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
04, Dnyaneshwari Apartsment, Prabha Society, Mayur Colony, Kothrud,
Pune 411038, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) Floating charge |
|
Particular of
charge holder |
Bank of Maharashtra, Mayur Colony Branch, Pune 411038, Email: bom852@mahabank.co.in
|
|
Nature of
instrument creating charge |
Composite Deed of
Hypothecation for all Facilities |
|
Date of
instrument Creating the charge |
11.08.2010 |
|
Amount secured by
the charge |
Rs, 10.000
millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest Base Rate + 2%
i.e. 8.25% + 2% = 10.25% or the rate as may be prescribed by the Bank from
time to time. Terms of repayment As per Agreement
with the Bank Margin Margin 20% Extent and operation of the charge Facility - Cash
Credit. The charge on hypothecated & mortgaged assets continues till full
repayment of Loan. |
|
Short particulars
of the property charged (Including location of the property) |
First &
Exclusive charge by Hypothecation of Present and Future Movable Plants,
Machineries, Goods, Stock of Raw Material, Items, Inventories, Stock in
Process, Semi Finished & Finished Goods, Stores and Spares (Consumable Stores & Spares), Stock in
trade, Goods in Process, Movables in transit, present and future tangible and
intangible assets, Vehicles, Goodwill, Trademark, Copyright, Patent and all rights and all outstanding
monies, claims, bills, receivables, book debts. |
|
Particulars of
the present modification |
Additional Credit
Facility of Rs.6.000 millions is sanctioned. Now the total Cash credit
facility stands at Rs.10 millions. The charge on hypothecated assets extended
to secure the total facilities availed by the Company. |
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.44.68 |
|
|
1 |
Rs.72.56 |
|
Euro |
1 |
Rs.63.53 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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.