1. Summary Information
|
|
|
Country |
|
|
Company Name |
Elektronika
Sales Private Limited |
Principal Name 1 |
Mr. Sunil Kumar Hasija |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Suneet Hasija |
|
|
|
Registration # |
18-67503 |
|
Street Address |
No. 16, |
||
|
Established Date |
25.04.2008 |
SIC Code |
-- |
|
Telephone# |
91-44-28587165 /
7765 |
Business Style 1 |
Leaders in Technology Distribution,
Consolidation and Kitting. |
|
Fax # |
91-44-28419833 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.10,000,000/- |
Product Name 3 |
|
|
Shareholders |
Directors or relatives of directors (100%) |
Banking |
HDFC Bank
Limited |
|
Public Limited Corp. |
-- |
Business Period |
3 Years |
|
IPO |
-- |
International Ins. |
- |
|
Public |
-- |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company Name |
CEO |
|
Associates
|
-- |
Elektronika |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
392,722,000 |
Current Liabilities |
150,863,000 |
|
Inventories |
85,900,000 |
Long-term Liabilities |
241,742,000 |
|
Fixed Assets |
4,589,000 |
Other Liabilities |
32,500,000 |
|
Deferred Assets |
000 |
Total Liabilities |
425,105,000 |
|
Invest& other Assets |
7,801,000 |
Retained Earnings |
55,907,000 |
|
|
|
Net Worth |
65,907,000 |
|
Total Assets |
491,012,000 |
Total Liab. & Equity |
491,012,000 |
|
Total Assets (Previous Year) |
406,308,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1,235,981,000 |
Net Profit |
51,066,000 |
|
Sales(Previous yr) |
636,284,000 |
Net Profit(Prev.yr) |
4,841,000 |
MIRA
INFORM REPORT
|
Report Date : |
26.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
ELEKTRONIKA SALES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 16, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
25.04.2008 |
|
|
|
|
Com. Reg. No.: |
18-67503 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32107TN2008PTC067503 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEE04786F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCE9778P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Leaders in Technology Distribution,
Consolidation and Kitting. |
|
|
|
|
No. of Employees
: |
Not Available |
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 260000 |
|
|
|
|
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/Head Office : |
No. 16, |
|
Tel. No.: |
91-44-28587165 / 7765 |
|
Fax No.: |
91-44-28419833 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located at ·
·
·
Manjalpur ·
Mumbai ·
·
Pune |
|
|
|
|
Overseas Office : |
Nicholas Choong, 20 Maxwell rd #09-07, Maxwell House, |
|
E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Ms. Sarika Hasija |
|
Designation : |
Director |
|
Address : |
No. 110, Gill Nagar Extension, Choolaimedu, Chennai – 600 094, Tamil
Nadu, |
|
Date of Birth/Age : |
21.09.1973 |
|
Date of Appointment : |
25.04.2008 |
|
DIN No. : |
02115254 |
|
|
|
|
Name : |
Mr. Sunil Kumar Hasija |
|
Designation : |
Director |
|
Address : |
No. 20-A, Temple Tree Aparts, |
|
Date of Birth/Age : |
22.12.1959 |
|
Date of Appointment : |
25.04.2008 |
|
DIN No. : |
02123010 |
|
|
|
|
Name : |
Mr. Suneet Hasija |
|
Designation : |
Director |
|
Address : |
No. 110, Gill Nagar Extension, Choolaimedu, Chennai – 600 094, Tamil
Nadu, |
|
Date of Birth/Age : |
08.01.1965 |
|
Date of Appointment : |
25.04.2008 |
|
DIN No. : |
02123022 |
|
|
|
|
Name : |
Ms. Sangeetha Hasija |
|
Designation : |
Director |
|
Address : |
No. 110/32, Gill Nagar, Ist Street Extension, Gill Nagar, Mehta Nagar,
Chennai – 600 094, Tamil Nadu, India |
|
Date of Birth/Age : |
23.04.1964 |
|
Date of Appointment : |
25.04.2008 |
|
DIN No. : |
02125608 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Sarika Hasija |
|
200000 |
|
Sunil Kumar Hasija |
|
300000 |
|
Suneet Hasija |
|
300000 |
|
Sangeetha Hasija |
|
200000 |
|
Total |
|
1000000 |
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 : |
Leaders in Technology Distribution,
Consolidation and Kitting. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower
Parel W, Mumbai – 400 013, ·
ABN Amro Bank ·
Indian Overseas Bank |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R Krishnakumar and Associates Chartered Accountant |
|
Address : |
No. 1/2, |
|
Tel. No.: |
91-44-23812246 |
|
Mobile No.: |
91-944195250 |
|
|
|
|
Associates : |
Elektronika |
CAPITAL STRUCTURE
As on 30.09.2010
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 |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
10.000 |
10.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
55.907 |
4.841 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
65.907 |
14.841 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
140.888 |
151.417 |
|
|
2] Unsecured Loans |
|
100.854 |
107.812 |
|
|
TOTAL BORROWING |
|
241.742 |
259.229 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
307.649 |
274.070 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
4.589 |
4.518 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
7.642 |
16.142 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
85.900 |
89.393 |
|
|
Sundry Debtors |
|
352.518 |
274.730 |
|
|
Cash & Bank Balances |
|
0.230 |
2.649 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
39.974 |
18.697 |
|
Total
Current Assets |
|
478.622 |
385.469 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
147.862 |
126.412 |
|
|
Other Current Liabilities |
|
3.001 |
2.092 |
|
|
Provisions |
|
32.500 |
3.734 |
|
Total
Current Liabilities |
|
183.363 |
132.238 |
|
|
Net Current Assets |
|
295.259 |
253.231 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.159 |
0.179 |
|
|
|
|
|
|
|
|
TOTAL |
|
307.649 |
274.070 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
|
1235.981 |
636.284 |
|
|
|
Other Income |
|
31.977 |
0.000 |
|
|
|
TOTAL |
|
1267.958 |
636.284 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
1184.348 |
626.931 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
80.570 |
9.353 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
|
1.520 |
0.778 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
82.090 |
8.575 |
|
|
|
|
|
|
|
|
|
|
TAX |
|
31.024 |
3.734 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
51.066 |
4.841 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
51.07 |
48.41 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
|
4.03 |
0.76 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
6.64 |
1.35 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
16.99 |
2.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
1.25 |
0.58 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
6.45 |
26.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
2.61 |
2.91 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8
|
Corporate identity number of the company |
U32107TN2008PTC067503 |
|
Name of the company |
ELEKTRONIKA SALES PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in |
No. 16, |
|
This form is for |
Creation of charge |
|
Type of charge |
·
Book debts ·
Movable property (not being pledge) ·
Floating charge |
|
Particular of charge holder |
HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel W, Mumbai – 400 013,
|
|
Nature of instrument creating charge |
Letter of Hypothecation of Stocks and Book Debts Memorandum Relating to Hypothecation of Machinery |
|
Date of instrument Creating the charge |
11.05.2011 |
|
Amount secured by the charge |
Rs.65.000 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Any such rate as may be advised to the Company from time to time in
respect of the credit facilities Terms of Repayment i)CC/WCDL/FCNR of Rs.50.000 millions - Repayable on Demand; and ii) LC/BG/BC of Rs.15.000 millions - Repayable on Demand. Margin As may be prescribed by the Bank from time to time for the credit
facilities. Extent and Operation of the charge Hypothecation by way of First Charge in favour of HDFC Bank Limited,
on all the Stock-in-trade, Book Debts and movable Plant and Machinery of the
Company both present and future. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Hypothecation by way of First Charge in favour of HDFC Bank Limited,
on all the Stock-in-trade, Book Debts and movable Plant and Machinery of the
Company both present and future |
FIXED ASSETS
·
Sokda Car
·
Maruti Swift
·
Maruti SX 4
·
Hyundai Car
·
Computer
·
Furniture and Fixtures
·
Machinery
·
Motor Cycle
·
Software
WEB DETAILS
Profile
Subject having expertise
in kitting and Consolidation of active and Passive Components Catering to OEM's
of all over
Subject, is a authorized distributor for PHILIPS,
Vishay All Lines, Epcos, And many more. They are carrying all products like
IC’s, Variety of Transistor, Variety of Diode,
Subject is committed to provide total solutions to
the esteemed customers on Design, Development, Kitting and Material Sourcing
with the most comprehensive value added services.
Achievements
|
1987 |
Subject became MAJOR OEM supplier for PHILIPS
semiconductor |
|
1999 |
Distributor performance Award from “ BC COMPONENTS ” |
|
2002 |
“PHILIPS
SEMICONDUCTORS – |
|
2002 |
Subject becomes distributor “VISHAY INTER TECHNOLOGY” |
|
2003 |
“PHILIPS
SEMICONDUCTORS – |
|
2005 |
Establish own design house |
|
2005 |
“PHILIPS
SEMICONDUCTORS – |
|
2006 |
“NXP
SEMICONDUCTORS – |
|
2007 |
"VISHAY"
NBO CHAMPIONS OF THE YEAR - 2007 |
|
2007 |
NXP Gold Award -
2007 OUTSTANDING
DISTRIBUTION PERFORMANCE |
|
2007 |
BHARTI EXCELLENT
PARTNERSHIP AWARD - 2007 |
|
2008 |
EPCOS SALES
AWARD - 2008 |
|
2009 |
“NXP
SEMICONDUCTORS – |
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.46.13 |
|
|
1 |
Rs.75.52 |
|
Euro |
1 |
Rs.66.53 |
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.