MIRA
INFORM REPORT
|
Report Date : |
07.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
MALANPUR ENTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
J2A, A. K. V.N. Industrial, 3-2A, Area Malanpur, District Bhind – 477
117, Madhya Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
26.03.1992 |
|
|
|
|
Com. Reg. No.: |
10-007023 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28132MP1992PTC007023 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of PUF
Sections, Slabs, High Density Supports and State of the Art Polyurethane Foam
Panels (PUF Panels), Prefabricated Enclosures for Terrace mounted
Air-conditioning Equipment for Buildings, Telecom Shelters, Cold Rooms and
Cold Stores, Ware House Refrigeration with Integral Panel Construction,
Specific Tailor-made Applications for Safe Storage of Perishable Products,
PUF Insulated Roofing Panels and Insulated Doors. |
|
|
|
|
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 80000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. There
appears some dip in the turnover of the company in the current year. However,
trade relations are reported as fair. Business is active. Payments 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
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 : |
J2A, A. K. V.N. Industrial, 3-2A, Area Malanpur, District Bhind – 477
117, |
|
Tel. No.: |
91-7539-283435 |
|
Fax No.: |
91-7539-283435 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
8809, Sector C, Pocket 8, Vasant Kunj, |
|
Tel. No.: |
91-11-26123923 / 26123923 |
|
Fax No.: |
91-11-26123913 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Jitendra Kumar Chopra |
|
Designation : |
Director |
|
Address : |
8809, Sector – C, PKT – 8, House No. 8451 to 8840, Vasant Kunj, |
|
Date of Appointment : |
29.03.1992 |
|
DIN No.: |
00117949 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U74899DL1990PTC039866 |
GASA
ENGINEERS PRIVATE LIMITED |
Director |
16-04-90 |
16-04-90 |
Active |
NO |
|
2 |
U28132MP1992PTC007023 |
MALANPUR
ENTECH PRIVATE LIMITED |
Director |
29-03-92 |
29-03-92 |
Active |
NO |
|
3 |
U72300DL2006PTC149238 |
GROUP
FX (INDIA) PRIVATE LIMITED |
Director |
27-05-06 |
27-05-06 |
Active |
NO |
|
Name : |
Mr. Saurav Chopra |
|
Designation : |
Director |
|
Address : |
8809, Sector – C, PKT – 8, House No. 8451 to 8840, Vasant Kunj, |
|
Date of Birth/Age : |
02.08.1973 |
|
Date of Appointment : |
02.09.2006 |
|
DIN No.: |
00803237 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U28132MP1992PTC007023 |
MALANPUR
ENTECH PRIVATE LIMITED |
Director |
02-09-06 |
02-09-06 |
Active |
NO |
|
2 |
U72300DL2006PTC149238 |
GROUP
FX (INDIA) PRIVATE LIMITED |
Director |
05-11-11 |
05-11-11 |
Active |
NO |
|
Name : |
Mr. Gaurav Chopra |
|
Designation : |
Director |
|
Address : |
8840, Vasant Kunj, New Delhi – 110 070, Delhi, India |
|
Date of Appointment : |
01.01.2010 |
|
DIN No.: |
02881035 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U28132MP1992PTC007023 |
MALANPUR
ENTECH PRIVATE LIMITED |
Director |
01-01-10 |
01-01-10 |
Active |
NO |
|
2 |
U74899DL1990PTC039866 |
GASA
ENGINEERS PRIVATE LIMITED |
Director |
01-04-10 |
01-04-10 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Jitendra Kumar Chopra |
7020 |
|
Kusum Chopra |
8770 |
|
Saurav Chopra |
4210 |
|
Total |
20000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of PUF Sections,
Slabs, High Density Supports and State of the Art Polyurethane Foam Panels
(PUF Panels), Prefabricated Enclosures for Terrace mounted Air-conditioning
Equipment for Buildings, Telecom Shelters, Cold Rooms and Cold Stores, Ware
House Refrigeration with Integral Panel Construction, Specific Tailor-made
Applications for Safe Storage of Perishable Products, PUF Insulated Roofing
Panels and Insulated Doors. |
|
|
|
|
Products : |
·
PVF Panels ·
PUR Foam Pipe Sections Slabs Supports |
GENERAL INFORMATION
|
Customers : |
·
Zeppellin
Mobile Systems ·
Blue
Star Limited ( Cold Room Division ) ·
Kamal
Coach Works , Jaipur ·
I.T.I
Limited , Rae Bareilly · Infracool , Gurgaon |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Ř
State Bank of Ř
State Bank of |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dubey and Company Chartered Accountant |
|
Address : |
252 H, Sant Nagar, East of Kailash, New Delhi-110065, India |
|
PAN No.: |
AAIPD8984G |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs.100/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.100/-
each |
Rs. 2.000
Millions |
|
|
|
|
|
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000 |
Equity Shares |
Rs.100/- each |
Rs. 3.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.100/-
each |
Rs. 2.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.000 |
2.000 |
2.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
18.086 |
17.715 |
16.192 |
|
|
4] (Accumulated Losses) |
0.000 |
0.0000 |
0.000 |
|
|
NETWORTH |
20.086 |
19.715 |
18.192 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.383 |
0.680 |
0.251 |
|
|
2] Unsecured Loans |
0.020 |
0.030 |
0.000 |
|
|
TOTAL BORROWING |
1.403 |
0.710 |
0.251 |
|
|
DEFERRED TAX LIABILITIES |
5.812 |
10.119 |
13.120 |
|
|
|
|
|
|
|
|
TOTAL |
27.301 |
30.544 |
31.563 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
9.055 |
8.237 |
8.971 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.200 |
0.200 |
0.200 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2.210
|
2.319 |
4.150
|
|
|
Sundry Debtors |
11.158
|
9.090 |
14.193
|
|
|
Cash & Bank Balances |
7.428
|
10.475 |
6.205
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
13.213
|
15.159 |
13.135
|
|
Total
Current Assets |
34.009
|
37.043 |
37.683 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3.404
|
2.295 |
3.771 |
|
|
Other Current Liabilities |
0.160
|
0.181 |
0.770
|
|
|
Provisions |
12.399
|
12.460 |
10.750
|
|
Total
Current Liabilities |
15.963
|
14.936 |
15.291 |
|
|
Net Current Assets |
18.046
|
22.107 |
22.392
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
27.301 |
30.544 |
31.563 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
Turnover and
Other Income |
22.420 |
37.874 |
40.048 |
|
|
|
|
|
|
|
|
Consumption of Raw Material |
15.580 |
28.259 |
30.730 |
|
|
Administrative Expenses |
6.180 |
6.408 |
6.030 |
|
|
Depreciation |
1.052 |
0.777 |
0.777 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.321 |
2.204 |
2.938 |
|
|
|
|
|
|
|
|
TAX |
0.099 |
0.682 |
0.947 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.222 |
1.522 |
1.991 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.10 |
76.10 |
99.55 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.99
|
4.02 |
4.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.75
|
4.87 |
6.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.11 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.15
|
1.31 |
1.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.13
|
2.48 |
2.46 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10009062 |
|
Corporate
identity number of the company |
U28132MP1992PTC007023 |
|
Name of the
company |
MALANPUR ENTECH PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
J2A, A. K. V.N. Industrial, 3-2A, Area Malanpur, District Bhind – 477
117, |
|
Type of charge |
Others |
|
Particular of
charge holder |
State Bank of Email: sbi.08534@sbi.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Guarantee
Agreement Dated 03.08.2007 |
|
Date of
instrument Creating the charge |
03.08.2007 |
|
Amount secured by
the charge |
Rs. 22.500
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Terms of
Repayment Repayment On
Demand Extent and
Operation of the charge 100% And First
Charge Others Corporate
Guarantee |
|
Short particulars
of the property charged |
Corporate
Guarantee |
|
Date of latest
modification prior to the present modification |
28.06.2006 |
|
Particulars of
the present modification |
1. Cash Credit
From Rs.6.000 millions To 7.500 millions 2. Letter Of
Credit To Rs.7.500 millions 3. Term Loan
Rs.7.500 millions |
FIXED ASSETS:
Ř Land
Ř Building
Ř Plant and Machinery
Ř Motors
Ř Vehicles
Ř Office Equipments
Ř Cellular Phone
Ř Computer
Ř Furniture and Fixtures
Ř Air Conditioner
Ř Generator
WEBSITE DETAILS
PROFILE
Subject (An ISO 9001-2000 company) is a Leading manufacturer of PUF
sections, Slabs, Highdensity supports and state of the art polyurethane foam
panels (PUF Panels), prefabricated enclosures for Terrace mounted
Air-conditioning equipment for buildings, Telecom shelters, Cold Rooms and Cold
stores, Ware House Refrigeration with integral Panel Construction, Specific
Tailor-made Applications for safe storage of perishable products, PUF Insulated
Roofing Panels and Insulated Doors. The company has been serving these segments
over 10 years and is well recognized for quality and reliability and timely
deleveries
They at Subject Design, Develop and Manufacture Intelligent Systems
which provide very Economical, Dependable, long lasting, highly evolved
customized solutions. There is perhaps one of the technologically advanced
leading industry in India, having a team of highly qualified Technocrats,
Professionals and Equipment Designers who are competent to cover the
Refrigeration needs wall to wall.
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. 51.39 |
|
|
1 |
Rs. 80.20 |
|
Euro |
1 |
Rs. 68.92 |
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 |
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 |
|
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.