BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
India |
|
Company Name |
CRYSTALEDGE ENGINEERING PRIVATE LIMITED |
Principal Name 1 |
Mr. Chidambaram Gnana Ratnam |
|
Status |
SMALL COMPANY |
Principal Name 2 |
Mr. Gnana Shiva Sai |
|
|
|
Registration # |
18-36798 |
|
Street Address |
NEW NO.4, TEACHER COLONY, ADYAR, CHENNAI-- 600 020, TAMIL NADU, |
||
|
Established Date |
22.11.1996 |
SIC Code |
-- |
|
Telephone# |
91-44-24421717 |
Business Style 1 |
Distributor |
|
Fax # |
91-44-24421212 |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Medical
Electronics |
|
|
# of employees |
Not Available |
Product Name 2 |
Semiconductor |
|
Paid up capital |
Rs.610,000/-
|
Product Name 3 |
- |
|
Shareholders |
100% |
Banking |
State Bank Of India |
|
Public Limited Corp. |
NO |
Business Period |
15 years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (35) |
|
Related
Company |
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Relation
|
Country
|
Company
Name |
CEO |
|
- |
- |
- |
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
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|
Current Assets |
3,284,000 |
Current Liabilities |
669,000 |
|
Inventories |
549,000 |
Long-term Liabilities |
58,000 |
|
Fixed Assets |
589,000 |
Other Liabilities |
241,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
968,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
2,664,000 |
|
|
|
Net Worth |
3,454,000 |
|
Total Assets |
4,422,000 |
Total Liab. & Equity |
4,422,000 |
|
Total Assets (Previous Year) |
3,337,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
Not Available |
Net Profit |
553,000 |
|
Sales (Gross) (Previous yr) |
4,981,000 |
Net Profit(Prev.yr) |
356,000 |
MIRA
INFORM REPORT
|
Report Date : |
13.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
CRYSTALEDGE ENGINEERING PRIVATE LIMITED |
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|
|
|
Registered Office : |
New No.4, Teacher Colony, Adyar, Chennai-- 600 020, Tamil Nadu |
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Country : |
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|
Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
22.11.1996 |
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|
|
|
Com. Reg. No.: |
18-36798 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.610 Million |
|
|
|
|
CIN No.: [Company
Identification No.] |
U29130TN1996PTC036798 |
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|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CHEC04408F |
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|
|
|
PAN No.: [Permanent
Account No.] |
AACCC1710G |
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|
|
|
Legal Form : |
Private Limited Liability company |
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|
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|
Line of Business : |
Distributor, Importer Agent of Shinhan Brand –Tuck Point blades and others
tools. |
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|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 14000 |
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|
Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities are
limited. Trade relations are reported as fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for small business dealing 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) |
|
|
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 : |
New No.4, Teacher Colony, Adyar, Chennai-- 600 020, Tamil Nadu, |
|
Tel. No.: |
91-44-24421717 |
|
Fax No.: |
91-44-24421212 |
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E-Mail : |
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|
Website : |
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|
Area : |
1200 Sq. Ft. |
|
Location : |
Rented |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Gnana Shiva Sai |
|
Designation : |
Director |
|
Address : |
New No221. (Old No-1225), 20th |
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Date of Birth/Age : |
26.04.1965 |
|
Qualification : |
PGDM (IIM, Kolkatta) |
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Date of Appointment : |
22.10.1996 |
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DIN No: |
02142084 |
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|
|
Name : |
Mr. Chidambaram Gnana Ratnam |
|
Designation : |
Director |
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Address : |
|
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Date of Birth/Age : |
11.02.1930 |
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Qualification : |
BE |
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Date of Appointment : |
26.04.1997 |
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DIN No: |
02379976 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Shiva Sai G. |
|
30500 |
|
C G Ratnam |
|
30500 |
|
Total |
|
61000 |
As on 30.09.2010
Equity Share Breakup
|
Category |
|
Percentage of Holding |
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor, Importer Agent of Shinhan Brand –Tuck Point blades and
others tools. |
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|
|
|
Products : |
Ultrasound scanners
Data-com terminals Message switches
Silicon Wafers for
Photovoltaic cells Silicon Wafers for
Semiconductor devices
High-pressure Water jet
cutter Mobile Hydraulic lifting
platforms
Construction
Construction
Stone processing (Granite) Construction Special materials |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
State Bank of |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Manian and Narayanan Chartered Accountant |
|
Address : |
Sai Prasad No.1, Avenue, Ashok Nagar, Chennai, Tamil |
|
PAN : |
AAAFM4799C |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
61000 |
Equity Shares |
Rs.10/- each |
Rs.0.610 million |
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 |
0.610 |
0.610 |
0.610 |
|
|
2] Share Application Money |
0.200 |
0.000 |
0.000 |
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|
3] Reserves & Surplus |
2.644 |
1.925 |
1.569 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.454 |
2.535 |
2.179 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.058 |
0.164 |
0.258 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.058 |
0.164 |
0.258 |
|
|
DEFERRED TAX LIABILITIES |
0.003 |
0.018 |
0.051 |
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|
|
|
|
|
|
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TOTAL |
3.515 |
2.717 |
2.488 |
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|
|
|
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APPLICATION OF FUNDS |
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|
|
|
|
|
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FIXED ASSETS [Net Block] |
0.589 |
0.678 |
0.871 |
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|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
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Inventories |
0.549
|
0.495
|
0.276 |
|
|
Sundry Debtors |
1.867
|
1.885
|
0.595 |
|
|
Cash & Bank Balances |
1.074
|
0.059
|
0.456 |
|
|
Other Current Assets |
0.113
|
0.182
|
0.110 |
|
|
Loans & Advances |
0.230
|
0.038
|
0.380 |
|
Total
Current Assets |
3.833
|
2.659
|
1.817 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.339
|
0.394
|
0.000 |
|
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Other Current Liabilities |
0.330
|
0.200
|
0.125 |
|
|
Provisions |
0.238
|
0.026
|
0.075 |
|
Total
Current Liabilities |
0.907
|
0.620
|
0.200 |
|
|
Net Current Assets |
2.926
|
2.039
|
1.617 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
3.515 |
2.717 |
2.488 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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|
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|
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Overseas Commission |
NA |
2.664 |
2.267 |
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|
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Engineering Sales |
NA |
2.317 |
1.504 |
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Gross Income |
NA |
4.981 |
3.771 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
NA |
NA |
NA |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.024 |
0.807 |
0.770 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.182 |
0.230 |
0.241 |
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PROFIT BEFORE
TAX |
1.206 |
0.577 |
0.529 |
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Less |
TAX |
0.653 |
0.221 |
0.196 |
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PROFIT AFTER TAX
|
0.553 |
0.356 |
0.333 |
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TOTAL EARNINGS |
3.017 |
2.664 |
2.267 |
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TOTAL IMPORTS |
1.279 |
1.841 |
1.124 |
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Earnings Per
Share (Rs.) |
9.07 |
5.84 |
5.46 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
27.27
|
17.11
|
19.68 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.22
|
0.24 |
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Debt Equity Ratio (Total Liability/Networth) |
|
0.28
|
0.53
|
0.21 |
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Current Ratio (Current Asset/Current Liability) |
|
4.23
|
4.11
|
1.12 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
Registered office of the company has been shifted from “No.19, Swastik
Avenue, Vettuvankaani, Neelankarai, Chennai – 600041, Tamil Nadu, India” to the
present address w.e.f. 01.12.2011
OPERATIONS:-
The Gross income of the company from operation for the year ended
31.03.2001 is which consist of the following:
a)
Overseas Commission – Rs.3.018 millions (Previous
Year – Rs. 2.664 Millions)
b)
Engineering Sales – Rs.1.936 millions (previous
Year – Rs. 2.317 millions)
Compare to Rs.0.577 millions for the year
ended 31.03.2009, The company has achieved profit before tax of Rs.0.843
millions. The company had started its Trading operations by importing goods
outside
FIXED ASSETS:
- Computer and Accessories
- Plant and Machinery
- Motor Vehicles
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 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.52.42 |
|
|
1 |
Rs.81.92 |
|
Euro |
1 |
Rs.69.94 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
35 |
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.