1. Summary Information
|
|
|
Country |
|
|
Company Name |
DAT INDUSTRIES
PRIVATE LIMITED |
Principal Name 1 |
Mr. Vijay Dhansukhlal Thakkar |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Vinay Dhasukhlal Thakkar |
|
|
|
Registration # |
11-108575 |
|
Street Address |
B-8, Lalji Complex Behind Booby Shopping Centre, M G Road, Kandivali
West, Mumbai – 400069, Maharashtra, India |
||
|
Established Date |
06.06.1997 |
SIC Code |
-- |
|
Telephone# |
91-22-28626444/28636655 |
Business Style 1 |
Manufacturers |
|
Fax # |
91-22-28626444/28636655 |
Business Style 2 |
Exporters |
|
Homepage |
-- |
Product Name 1 |
Ball Point Pen |
|
# of employees |
-- |
Product Name 2 |
Refills |
|
Paid up capital |
Rs. 7,475,000/- |
Product Name 3 |
Sketch Pens |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
Bank of |
|
Public Limited Corp. |
No |
Business Period |
14 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
64,188,000 |
Current Liabilities |
25,445,000 |
|
Inventories |
31,882,000 |
Long-term Liabilities |
59,908,000 |
|
Fixed Assets |
15,665,000 |
Other Liabilities |
3,412,000 |
|
Deferred Assets |
0 |
Total Liabilities |
88,765,000 |
|
Invest& other Assets |
2,841,000 |
Retained Earnings |
18,336,000 |
|
|
|
Net Worth |
25,811,000 |
|
Total Assets |
114,576,000 |
Total Liab. & Equity |
114,576,000 |
|
Total Assets (Previous Year) |
104,642,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
230,300,000 |
Net Profit |
3,789,000 |
|
Sales(Previous yr) |
170,258,000 |
Net Profit(Prev.yr) |
3,106,000 |
MIRA
INFORM REPORT
|
Report Date : |
25.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
DAT INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-8, Lalji Complex Behind Booby Shopping Centre, M G Road, Kandivali
West, Mumbai – 400069, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
06.06.1997 |
|
|
|
|
Com. Reg. No.: |
11-108575 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.475 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25200MH1997PTC108575 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD09635D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD850C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and Exporters of Ball Point Pen Inks, Ball Point
Pen, Refills, Gel Inks, Sketch Pens, Linear Inks, Gel Refills, Gel Pens |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 100000 |
|
|
|
|
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 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 : |
B-8, Lalji Complex Behind Booby Shopping Centre, M G Road, Kandivali
West, Mumbai – 400069, Maharashtra, India |
|
Tel. No.: |
91-22-28626444/28636655 |
|
Fax No.: |
91-22-28626444/28636655 |
|
E-Mail : |
DIRECTORS
AS ON 17.09.2010
|
Name : |
Mr. Vijay Dhansukhlal Thakkar |
|
Designation : |
Director |
|
Address : |
8/83-84, Varma Nagar, |
|
Date of Birth/Age : |
22.08.1967 |
|
Date of Appointment : |
06.06.1997 |
|
DIN No. : |
00793880 |
|
|
|
|
Name : |
Mr. Vinay Dhasukhlal Thakkar |
|
Designation : |
Director |
|
Address : |
8/83-84, Varma Nagar, |
|
Date of Birth/Age : |
28.02.1966 |
|
Date of Appointment : |
06.06.1997 |
|
DIN No. : |
00793947 |
|
|
|
|
Name : |
Mr. Paresh Dhansukhlal Thakkar |
|
Designation : |
Director |
|
Address : |
8/83-84, Varma Nagar, |
|
Date of Birth/Age : |
30.04.1969 |
|
Date of Appointment : |
06.06.1997 |
|
DIN No. : |
00793977 |
|
|
|
|
Name : |
Ms. Nirmala Dhansukhlal Thakkar |
|
Designation : |
Director |
|
Address : |
8/83-84, Varma Nagar, |
|
Date of Birth/Age : |
03.06.1947 |
|
Date of Appointment : |
06.06.1997 |
|
DIN No. : |
00793999 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 17.09.2010
|
Names of Shareholders |
No. of Shares |
|
Thakkar Dhansukhlal Nirmala |
118851 |
|
Thakkar Dhansukhlal Vinay |
217173 |
|
Thakkar Dhansukhlal Vijay |
203367 |
|
Thakkar Dhansukhlal Paresh |
199292 |
|
Thakkar Vinay Jyoti |
5175 |
|
Thakkar Vijay Rupal |
1800 |
|
Thakkar Paresh Pina |
1800 |
|
Total
|
747458 |
AS ON
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Exporters of Ball Point Pen Inks, Ball Point
Pen, Refills, Gel Inks, Sketch Pens, Linear Inks, Gel Refills, Gel Pens |
GENERAL INFORMATION
|
Bankers : |
·
State Bank of India, M.I.D.C. Andheri East
Branch, Merol Central Road, Andheri (East), Mumbai-400093, Maharashtra, India ·
Union Bank of India, Goregaon East Branch,
Shrisadan Shantaben Estate, Goregaon East, Mumbai – 400093, Maharashtra,
India
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N. R. Panchal and Company Chartered Accountant |
|
Address : |
509-C, Amrut, J. S. Road, Dahisar (West), Mumbai-400068, Maharashtra,
India |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
747458 |
Equity Shares |
Rs.10/- each |
Rs. 7.475
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 |
7.475 |
7.475 |
7.475 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
18.336 |
14.547 |
15.180 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
25.811 |
22.022 |
22.655 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
48.846 |
41.713 |
42.303 |
|
|
2] Unsecured Loans |
11.062 |
15.681 |
15.613 |
|
|
TOTAL BORROWING |
59.908 |
57.394 |
57.916 |
|
|
DEFERRED TAX LIABILITIES |
3.412 |
3.319 |
3.136 |
|
|
|
|
|
|
|
|
TOTAL |
89.131 |
82.735 |
83.707 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
15.665 |
15.308 |
20.322 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.841 |
0.200 |
0.200 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
31.882
|
34.806
|
31.869 |
|
|
Sundry Debtors |
55.075
|
43.856
|
43.089 |
|
|
Cash & Bank Balances |
0.154
|
0.345
|
0.300 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
8.959
|
10.127
|
6.429 |
|
Total
Current Assets |
96.070
|
89.134 |
81.687 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
22.637
|
18.031
|
15.695 |
|
|
Other Current Liabilities |
0.988
|
2.055
|
0.738 |
|
|
Provisions |
1.820
|
1.821
|
2.083 |
|
Total
Current Liabilities |
25.445
|
21.907 |
18.516 |
|
|
Net Current Assets |
70.625
|
67.227
|
63.171 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.014 |
|
|
|
|
|
|
|
|
TOTAL |
89.131 |
82.735 |
83.707 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
230.300 |
170.258 |
166.167 |
|
|
|
Other Income |
1.570 |
3.525 |
NA |
|
|
|
TOTAL |
231.870 |
173.783 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Financial Expenses |
NA |
169.770 |
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
169.770 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.625 |
4.013 |
2.495 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.742 |
0.634 |
0.933 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
|
3.883 |
3.379 |
1.562 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.094 |
0.273 |
0.201 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3.789 |
3.106 |
1.361 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
3.789 |
3.106 |
1.361 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.07 |
4.16 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.63
|
1.79
|
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.69
|
1.98
|
0.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.48
|
3.24
|
1.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.15
|
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.44
|
3.60
|
3.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.78
|
4.07
|
4.41 |
LOCAL AGENCY FURTHER INFORMATION
OPERATING RESULTS
The Company has achieved a turnover of Rs. 230.300 millions
as compared to previous years turnover of Rs. 170.258 millions. Net Increase in
sales for the year amounted to Rs. 60.042 millions.
FORM 8
|
Corporate
identity number of the company |
U25200MH1997PTC108575 |
|
Name of the
company |
DAT INDUSTRIES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
B-8, Lalji Complex Behind Booby Shopping Centre, M G Road, Kandivali West,
Mumbai – 400069, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
property Any interest in
immovable property |
|
Particular of
charge holder |
Bank of Baroda, Colaba Branch, Esperence Building, Shahid Bhagat Singh
Road, Colaba, Mumbai – 400001, Maharashtra, India |
|
Nature of
instrument creating charge |
Memorandum of
Entry of Deposit of Title deeds in respect of Advance Secured by Equitable Mortgage
of Immovable Properties. |
|
Date of
instrument Creating the charge |
01.11.2010 |
|
Amount secured by
the charge |
Rs. 71.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest to be
charged as per sanction/review of the account from time to time. Extent and operation of the charge The charge is
created to secure the due repayment discharge and redemption in respect of
Term Loan of Rs.3.500 millions and Cash Credit (Hypothecation of Stock and
Book Debts) limit of Rs.67.500 millions [with Interchangeability with
Inland/Import LCs DP/DA usance 90 days - Rs.15.000 millions], aggregating to Rs.71.000 millions together
with interest, compound interest, interest tax, additional/further interest
in case of default, penal interest, commission, liquidated damages, premium
on pre-payment or on redemption costs, etc. |
|
Short particulars
of the property charged (Including location of the property) |
Unit No.1 on Gr. Floor,
In Anand Industrial Estate, Adm. 1410 sq. ft. (Carpet Area), S.No.110/2/8 and
9, Village Amli, Union Territory of
Dadra Nagar Haveli. Shed No.L-720/4,
Adm. 269 sq. mtrs. In Sarigram Industrial Estate, GIDC. Flat No.83 on 8th
Floor, Adm. 535 sq. ft. in Amita Mandir Co-operative Housing Society Limited, Type C, CTS No.104/5,Village
Gundavli, Andheri, Taluka Andheri at Varma Nagar Chinai College Compound,
Andheri (East), Mumbai- 400069. Flat No.84 on 8th
Floor, Adm. 350 sq. ft. in Amita Mandir Co-operative Housing Society Limited, Type D, CTS No.104/5,Village
Gundavli, Andheri, Taluka Andheri at Varma Nagar, Chinai College Compound,
Andheri (East), Mumbai- 400069. Office No.203 A,
In Vertex Vikas Co-operative Housing Society
Limited, A wing, M. V. Road, Andheri (East), Mumbai -400069, CTS
No.673, Village Andheri. Unit No.105 on
1st Floor. In Sanghavi Premises Co-operative Housing Society Limited,
Sanghavi Industrial Estate, Near Government Industrial Estate, M.G. Road,
Kandivali (East), Mumbai-400067, S.No.74, H.No.8, CTS No.667 and ors, Village
Kandivali. Shop No.8 on
Ground Floor, Adm. 300 sq. ft. in Lalji Complex Co-operative Housing Society
Limited, New Link Road, Opposite Shanti Nagar, Dahanukarwadi, Kandivali
(West) Mumbai-400067, S.NO.37, H.No.5-B, CTS No.726-A, Village Kandivali,
Tal. Borivali. |
|
Whether any of
the property or interest therein under reference is not registered in the
name of the company. |
Yes |
|
If yes, in whose
name it is registers |
Flat No.83 and 84
and Office No.203A belongs to Smt. Nirmala D. Thakkar and Unit No.105 belongs
to Standard Belt 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. 45.76 |
|
|
1 |
Rs. 75.57 |
|
Euro |
1 |
Rs. 65.97 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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.