Business
information report
1. Summary Information
|
Country |
|
||
|
Company Name |
P.A.R.K. FELTS PRIVATE LIMITED |
Principal Name 1 |
Mr. Pankaj Kapoor |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Robin Kapoor |
|
Registration # |
035030 |
||
|
Street Address |
1088 Sector 12, Huda Panipat 132103, Haryana |
||
|
Established Date |
17.01.2003 |
SIC Code |
-- |
|
Telephone# |
91-180-2671424 |
Business Style 1 |
Manufacturer of Non Woven Fabric and Felts Products |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
4246000 |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors - 68.70% |
Banking |
Small Industries
Development Bank of |
|
Public Limited Corp. |
-- |
Business Period |
8 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 |
51,676,000 |
Current Liabilities |
56,707,000 |
|
Inventories |
7,910,000 |
Long-term Liabilities |
13,996,000 |
|
Fixed Assets |
33,495,000 |
Other Liabilities |
2,917,000 |
|
Deferred Assets |
0 |
Total Liabilities |
73,620,000 |
|
Invest& other Assets |
2,869,000 |
Retained Earnings |
15,595,000 |
|
|
|
Net Worth |
22,330,000 |
|
Total Assets |
95,950,000 |
Total Liab. & Equity |
95,950,000 |
|
Total Assets (Previous Year) |
65,317,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
257,597,000 |
Net Profit |
8,271,000 |
|
Sales(Previous yr) |
185,093,000 |
Net Profit(Prev.yr) |
4,666,000 |
MIRA INFORM REPORT
|
Report Date : |
21.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
P.A.R.K. FELTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1088 Sector 12, Huda Panipat 132103, Haryana |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
17.01.2003 |
|
|
|
|
Com. Reg. No.: |
035030 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101HR2003PTC035030 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Non Woven Fabric and Felts Products |
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 89300 |
|
|
|
|
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 : |
1088 Sector 12, Huda Panipat 132103, |
|
Tel. No.: |
91-180-2671424 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Pankaj Kapoor |
|
Designation : |
Director |
|
Date of Birth/Age : |
18.11.1949 |
|
Date of Appointment : |
17.01.2003 |
|
|
|
|
Name : |
Mr. Robin Kapoor |
|
Designation : |
Director |
|
Date of Birth/Age : |
04.06.1976 |
|
Date of Appointment : |
17.01.2003 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Pankaj Kapoor |
147500 |
|
Robin Kapoor |
6100 |
|
Ridhima Kapoor |
5000 |
|
Shankralingam |
5000 |
|
Pankaj Kapoor HUF |
3000 |
|
Kiran Kapoor |
7500 |
|
Amit Kapoor |
3000 |
|
Shiv Texo |
30000 |
|
Shipra Kapoor |
7500 |
|
Mandit Jit Singh |
110000 |
|
Garg Trading, Panipat |
100000 |
|
Total |
424600 |
AS ON 30.03.2011
|
List
of Allotee |
No. of Shares |
|
Omansh Properties Private Limited, |
30000 |
|
Park Non Woven Private Limited, Panipat |
250000 |
|
Blue Jay Texowad Private Limited, Panipat |
400000 |
|
Robin Kapoor HUF |
20000 |
|
Robin Kapoor |
140000 |
|
Pankaj Kapoor HUF |
40000 |
|
Amit Kapoor |
65000 |
AS ON 30.09.2010
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Directors or relatives of directors |
|
68.70 |
|
Other top fifty shareholders |
|
31.30 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Non Woven Fabric and Felts Products |
GENERAL INFORMATION
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nayak Saluja and Associates Chartered Accountant |
|
Address : |
B 108 Basement, Kalkaji, |
|
|
|
|
Name : |
Anil Avrial and Company Chartered Accountant |
|
Address : |
1231-A Bindel Bhawan, |
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
AS ON 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs. 10 each |
Rs.7.500 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
424600 |
Equity Shares |
Rs. 10 each |
Rs.4.246 millions |
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs. 10 each |
Rs.7.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
619600 |
Equity Shares |
Rs. 10 each |
Rs.6.196 millions |
|
|
|
|
|
|
|
Add: Share Application Money Pending Allotment |
|
Rs. 0.539 million |
|
|
|
|
|
|
|
|
|
Rs. 6.735
millions |
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 |
6.196 |
4.246 |
0.100 |
|
|
2] Share Application Money |
0.539 |
0.015 |
1.176 |
|
|
3] Reserves & Surplus |
15.595 |
6.124 |
1.458 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
22.330 |
10.385 |
2.734 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
8.996 |
9.062 |
1.690 |
|
|
2] Unsecured Loans |
5.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
13.996 |
9.062 |
1.690 |
|
|
DEFERRED TAX LIABILITIES |
2.917 |
2.111 |
0.551 |
|
|
|
|
|
|
|
|
TOTAL |
39.243 |
21.558 |
4.975 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
33.495 |
27.705 |
10.303 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.196 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.650 |
2.650 |
2.650 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7.910
|
8.212 |
1.506 |
|
|
Sundry Debtors |
24.142
|
16.954 |
9.284 |
|
|
Cash & Bank Balances |
6.089
|
2.932 |
4.201 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
21.445
|
6.587 |
4.253 |
|
Total
Current Assets |
59.586
|
34.685 |
19.244 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
51.579
|
37.327 |
0.000 |
|
|
Other Current Liabilities |
3.673
|
5.617 |
27.242 |
|
|
Provisions |
1.455
|
0.815 |
0.230 |
|
Total
Current Liabilities |
56.707
|
43.759 |
27.472 |
|
|
Net Current Assets |
2.879
|
(9.074) |
(8.228) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.219 |
0.277 |
0.054 |
|
|
|
|
|
|
|
|
TOTAL |
39.243 |
21.558 |
4.975 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
257.597 |
185.093 |
74.101 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL
(A) |
257.597 |
185.093 |
74.101 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Selling and Distribution Expenses |
|
|
|
|
|
|
Office Expenses |
245.313 |
176.695 |
73.017 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
245.313 |
176.695 |
73.017 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
12.284 |
8.398 |
1.084 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
12.284 |
8.398 |
1.084 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.752 |
1.449 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
10.532 |
6.949 |
1.084 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.261 |
2.283 |
0.405 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8.271 |
4.666 |
0.679 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.35 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
3.21
|
2.52 |
0.91 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.08
|
3.75 |
1.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.31
|
11.13 |
3.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.47
|
0.66 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.29
|
5.28 |
10.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05
|
0.79 |
0.70 |
LOCAL AGENCY FURTHER INFORMATION
FIXED ASSETS:
- Land
- Building
- Plant and
Machinery
- Generator and
Fixtures
- Vehicle
- Air
Conditioner
- Computer
- Lab Equipment
FORM 8
|
Corporate
identity number of the company |
U18101HR2003PTC035030 |
|
Name of the
company |
P.A.R.K. FELTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
1088 Sector 12, Huda Panipat 132103, |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable property
(not being pledge) |
|
Particular of
charge holder |
Small Industries Development Bank of Email: cajatinraheja@gmail.com |
|
Nature of
instrument creating charge |
1. Deed of
Hypothecation cum Loan Agreement dated 26th October 2010. 2. Deed of
Guarantee by P.A.R.K. Non-Woven Private Limited dated 26th October 2010. |
|
Date of
instrument Creating the charge |
08.02.2011 |
|
Amount secured by
the charge |
Rs. 7.500
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 3.75% Above Base
Rate Presently 11.75% With Monthly Rests Terms of repayment 36 Monthly
Installments of Rs.0.152 million per month w.e.f. one month after first
disbursement. Margin As per Loan
agreement dated 26.10.2010 Extent and operation of the charge Term Loan 5.500 millions Cash Credit
Limit 5.000
millions (Hypothecation of
Book Debts) L/C Limit 10.000
millions Other Guarantee By P A
R K Non-Woven Private Limited |
|
Short particulars
of the property charged (Including location of the property) |
All Stocks and
Filters |
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.44.38 |
|
|
1 |
Rs.72.56 |
|
Euro |
1 |
Rs.63.92 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
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.