1. Summary Information
|
|
|
Country |
|
|
Company Name |
NEXUS INFRATECH
PRIVATE LIMITED |
Principal Name 1 |
Mr. Shaileshbhai Indradamanbhai Patwari |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Pathik Shaileshbhai Patwari |
|
|
|
Registration # |
-- |
|
Street Address |
201, 2nd
Floor, Royal Manor, Near Rangwala Tower, Near Law Garden, Ellisbridge, Ahmedabad – 380006, Gujarat,
India |
||
|
Established Date |
05.02.2007 |
SIC Code |
-- |
|
Telephone# |
91-79-26445500/32908300 |
Business Style 1 |
Manufacturer, Service Provider of Electric
Fans Coolers |
|
Fax # |
91-79-26440055 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
-- |
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
5,000,000 |
Product Name 3 |
-- |
|
Shareholders |
Shaileshbhai Indradamanbhai Patwari -
270000 |
Banking |
Bank of India |
|
Public Limited Corp. |
-- |
Business Period |
04 years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
Ba (45) |
|
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 |
23,826,000 |
Current Liabilities |
35,063,000 |
|
Inventories |
20,813,000 |
Long-term Liabilities |
11,761,000
|
|
Fixed Assets |
13,885,000 |
Other Liabilities |
20,000 |
|
Deferred Assets |
-- |
Total Liabilities |
46,844,000 |
|
Invest& other Assets |
-- |
Retained Earnings |
6,680,000 |
|
|
|
Net Worth |
11,680,000 |
|
Total Assets |
58,524,000 |
Total Liab. & Equity |
58,524,000 |
|
Total Assets (Previous Year) |
23,301,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
103,670,000 |
Net Profit |
4,797,000 |
|
Sales(Previous yr) |
37,120,000 |
Net Profit(Prev.yr) |
1,790,000 |
MIRA
INFORM REPORT
|
Report Date : |
16.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
NEXUS INFRATECH PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
INDUSTRIAL INFRATECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
201, 2nd Floor, Royal Manor, Near Rangwala Tower, Near Law
Garden, Ellisbridge, Ahmedabad –
380006, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
05.02.2007 |
|
|
|
|
Com. Reg. No.: |
049932 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45202GJ2007PTC049932 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMN03479A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCN5391G |
|
|
|
|
Legal Form : |
Private Limited liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Service Provider of Electric
Fans Coolers, Hangers Cloth Pegs and Roofings Ceiling Panels. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 46720 |
|
|
|
|
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 and as per commitments. The company can be considered normal for business dealings at usual
trade term 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 : |
201, 2nd Floor, Royal Manor, Near Rangwala Tower, Near Law
Garden, Ellisbridge, Ahmedabad –
380006, Gujarat, India |
|
Tel. No.: |
91-79-26445500/32908300 |
|
Fax No.: |
91-79-26440055 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Shaileshbhai Indradamanbhai Patwari |
|
Designation : |
Director |
|
Address : |
6-B, Krishna Society, Ellisbridge, Ahmedabad – 380006, Gujarat, India |
|
Date of Birth/Age : |
18.10.1953 |
|
Date of Appointment : |
05.02.2007 |
|
|
|
|
Name : |
Mr. Pathik Shaileshbhai Patwari |
|
Designation : |
Director |
|
Address : |
6-B, Krishna Society, Ellisbridge, Ahmedabad – 380006, Gujarat, India |
|
Date of Birth/Age : |
31.03.1980 |
|
Date of Appointment : |
05.02.2007 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Shaileshbhai Indradamanbhai Patwari |
|
270000 |
|
Mr. Pathik Shaileshbhai Patwari |
|
230000 |
|
Total |
|
500000 |
AS ON 30.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Service Provider of Electric
Fans Coolers, Hangers Cloth Pegs and Roofings Ceiling Panels. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
Bank of India, Ahd Mid Corporate Branch, Boi Bldg 1st
Floor, Swastik Char Rasta, Navrangpura, Ahmedabad - 380009, Gujarat, India |
||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Samir M. Shah and Associates Chartered Accountant |
|
Address : |
B-516, Gopal Palace, Opp. Ocean Park, Near Shiromani Flats, Satellite
Road, Ahmedabad – 380015, Gujarat, India |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000
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 |
5.000 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
3.500 |
3.500 |
|
|
3] Reserves & Surplus |
6.680 |
1.890 |
0.095 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
11.680 |
5.490 |
3.695 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
7.845 |
7.737 |
0.000 |
|
|
2] Unsecured Loans |
3.916 |
0.798 |
1.620 |
|
|
TOTAL BORROWING |
11.761 |
8.535 |
1.620 |
|
|
DEFERRED TAX LIABILITIES |
0.020 |
0.014 |
0.019 |
|
|
|
|
|
|
|
|
TOTAL |
23.461 |
14.039 |
5.334 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
13.885 |
4.623 |
2.450 |
|
|
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 |
20.813
|
5.962 |
1.993 |
|
|
Sundry Debtors |
18.423
|
3.607 |
0.000 |
|
|
Cash & Bank Balances |
0.231
|
0.948 |
0.000 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.897 |
|
|
Loans & Advances |
5.172
|
8.161 |
0.149 |
|
Total
Current Assets |
44.639
|
18.678 |
3.039 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
23.140
|
3.510 |
0.295 |
|
|
Other Current Liabilities |
10.984
|
5.604 |
0.350 |
|
|
Provisions |
0.939
|
0.148 |
(0.490) |
|
Total
Current Liabilities |
35.063
|
9.262 |
0.155 |
|
|
Net Current Assets |
9.576
|
9.416 |
2.884 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
23.461 |
14.039 |
5.334 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
103.670 |
37.120 |
2.693 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
95.241 |
33.803 |
2.384 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.429 |
3.317 |
0.309 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.483 |
0.661 |
0.169 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.946 |
2.657 |
0.140 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.149 |
0.867 |
0.026 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
4.797 |
1.790 |
0.114 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.890 |
0.095 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Tax on Dividend |
0.006 |
(0.005) |
0.019 |
|
|
BALANCE CARRIED
TO THE B/S |
6.681 |
1.890 |
0.095 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
4.63
|
4.82 |
4.23 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.87
|
11.40 |
2.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.59
|
0.48 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.09
|
3.24 |
0.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27
|
2.02 |
19.61 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The registered office address of the company
has been shifted from 18, Nirav Complex, Opposite Navrang School, Ahmedabad –
380014, Gujarat, India to present w.e.f. 14.09.2007
FORM 8:
|
Corporate identity number of the company |
U45202GJ2007PTC049932 |
|
Name of the company |
NEXUS INFRATECH PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
201, 2nd Floor, Royale Manor, Nr. Rangwala
Tower, Nr. Law Garden, Ellisbridge, Ahmedabad-380006, Gujarat, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable Property Any interest In Immovable Property |
|
Particular of charge holder |
BANK OF INDIA |
|
Nature of instrument creating charge |
Memorandum Of Entery For Creation Of Mort
Ch On Immov Prop In Favour Of Bank By Deposit & Delivery Of Title Deeds
On 20-09-2010 To Secure Fb and Nfb Credit Facilities Aggregating Of Rs.
80.000 Millions Registered With Sub Registrar Sro Memnagar - Ahmedabad
Registered At Sr No 13039 Of Book No 1 On 04.10.2010 Containing 15 Pages. |
|
Date of instrument Creating the charge |
20/09/2010 |
|
Amount secured by the charge |
Rs.80.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest CC Stk and Bk Dts - 4.00% Over Base Rate
(I. E. 8.00%), Presently 12.00% P. A. Lc / Bk Gua - As Per Bank's Norms Or Such
Other Rate As May Be Prescribed By The Bank From Time To Time Terms of Repayment CC Stock and Book Debts- On Demand /
Annual Review Letter Of Credit - On Demand / Annual
Review Bank Guarantee - On Demand / Annual Review Margin CC Stock - 25% CC Book Debts - 40% Letter Of Credit - 20% Bank Guarantee - 20% Extent and Operation of the charge First and Exclusive Mort Ch On All
Immovable Properties Being Land, Bldg, Sheds, Cabins, Store Rooms, Strctures,
Fixed Plant and Mach Of The Company To Secure The Fb and Nfb Credit
Facilities Aggregating Rs 800.00 Lacs Alongwith Interest, Addl Int, Penal
Int, Liquidated Damages, Costs, Charges, Commission and All Other Amt Due To
The Bank From Time To Time Of What So Ever Nature. Others Amt Rs In Millions Fund Based Cc Hypo Stk/Bk Dts 2.00 Max Fb Lim 20.000 Non Fund Based Letter Of Credit 50.000 Bank Guaratee 10.000 Total Nfb Lim 60.000 Total Agg Lim 80.000 |
|
Short particulars of the property charged |
All The Piece and Parcel Of Leasehold Plot
No. 25/2 Adm Abt 1676 Sq Mtrs In Naroda Ind Area Gidc, Situate At Rs No. 216
and 220 Paiki and Other Land Of Vil Naroda, Tal City, Dist Ahm and Sub Dist
Ahm-6 Naroda |
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.45.37 |
|
|
1 |
Rs.73.53 |
|
Euro |
1 |
Rs.64.36 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
|
45 |
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.