MIRA
INFORM REPORT
|
Report Date : |
24.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
KALRA ELECTROCOM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
53, Sardar Patel Marg, Opposite Government Press, Jaipur – 302 001,
Rajasthan |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.08.2010 |
|
|
|
|
Com. Reg. No.: |
17-32660 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200RJ2010PTC032660 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JPRK03567E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealers of Samsung Notebooks and Netbooks. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 8000 |
|
|
|
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company establishing itself gradually.
Trade relations are reported as fair. Business is active. Payments are
unknown. The company can be considered for business dealings with some
cautions. |
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 : |
53, Sardar Patel Marg, Opposite Government Press, Jaipur – 302 001, |
|
Tel. No.: |
91-141-4047632 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 18.05.2011
|
Name : |
Mr. Vivek Kalra |
|
Designation : |
Director |
|
Address : |
119/339, Vikramaditya Marg, Agarwal Farm, Mansarovar, Jaipur – 302
020, |
|
Date of Birth/Age : |
29.07.1966 |
|
Date of Appointment : |
20.08.2010 |
|
DIN No.: |
03172029 |
|
|
|
|
Name : |
Ms. Priyanka Kalra |
|
Designation : |
Director |
|
Address : |
119/339, Agarwal Farm, Mansarovar, Jaipur – 302 020, |
|
Date of Birth/Age : |
30.09.1967 |
|
Date of Appointment : |
20.08.2010 |
|
DIN No.: |
03172046 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 18.05.2011
|
Names of Shareholders |
|
No. of Shares |
|
Vivek Kalra |
|
175000 |
|
Priyanka Kalra |
|
25000 |
|
Total |
|
200000 |
As on 18.05.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealers of Samsung Notebooks and Netbooks. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
Suppliers : |
·
Compuage Infocom Limited ·
Gupta Traders ·
Mega Compu World ·
Park Network Private Limited ·
Suntronic Computer ·
Communication Computers ·
Sunita Garg and Associates |
||||||||||||||
|
|
|
||||||||||||||
|
Customers : |
·
Aakash Enterprises ·
Aman Infosolutions Private Limited ·
Goodluck Technologies ·
Magic Computers ·
M K Computers ·
Jai Shree Durga Computers ·
Online Computech ( ·
Sanskriti Info Age Private Limited, Bundi ·
Shrey Enterprises ·
Vipul Computer ·
Sneha Infotech |
||||||||||||||
|
|
|
||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||
|
|
|
||||||||||||||
|
Bankers : |
State Bank of S M E C C C, West Wing, LIC of |
||||||||||||||
|
|
|
||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Anil Nagori and Associates Chartered Accountants |
|
Address : |
F-96, |
|
PAN No.: |
AASPN7164N |
|
|
|
|
Related Party : |
Kalra Sales Agencies |
CAPITAL STRUCTURE
As on 18.05.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.030 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2.030 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3.377 |
|
|
2] Unsecured Loans |
|
|
1.019 |
|
|
TOTAL BORROWING |
|
|
4.396 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6.426 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.155 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
8.174 |
|
|
Sundry Debtors |
|
|
8.151 |
|
|
Cash & Bank Balances |
|
|
0.060 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.488 |
|
Total
Current Assets |
|
|
16.873 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
10.599 |
|
|
Other Current Liabilities |
|
|
0.042 |
|
|
Provisions |
|
|
0.013 |
|
Total
Current Liabilities |
|
|
10.654 |
|
|
Net Current Assets |
|
|
6.219 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.052 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6.426 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
52.142 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
|
52.142 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
52.099 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
|
52.099 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
|
|
0.043 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.013 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
|
|
0.030 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
0.15 |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
PAT / Total Income |
(%) |
|
|
0.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
0.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
7.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
1.58 |
LOCAL AGENCY FURTHER INFORMATION
WORKING
The working of the company for the year remained satisfactory. Company
has started actual working from November, 2010 with reputed brand of AOC TFT, LCD
and LED. Company has also traded in laptop of Samsung and Dell brand during the
year and response in both the products remained upto the satisfaction. The vast
experience and goodwill of director in this field helped the company in
expanding its business. The company has generated profit in first year with
five months working which is good sign for future. Now the company is planning
to appoint the new marketing and technical staff to develop market in whole
Rajasthan. With these words the directors assure that the working of the
ensuing year would be upto the satisfaction of the members.
FORM 8
|
Corporate identity number of the company |
U72200RJ2010PTC032660 |
|
Name of the company |
KALRA ELECTROCOM PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in |
53, Sardar Patel Marg, Opposite Government Press, Jaipur – 302 001, |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10260653 |
|
Type of charge |
·
Immovable property ·
Any interest in immovable property ·
Book debts ·
Movable property (not being pledge) ·
Floating charge |
|
Particular of charge holder |
State Bank of S M E C C C, West Wing, LIC of E-Mail : arunsharma@sbbj.co.in |
|
Nature of instrument creating charge |
Supplemental Agreement of Loan cum
Hypothecation Letter regarding grant of individual limits within the overall limit Guarantee Agreement Sanction Letter |
|
Date of instrument Creating the charge |
21.09.2011 |
|
Amount secured by the charge |
Rs.8.000 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Interest to be charged @ 4.25 % above Base rate with present effective
rate of 14.50 % p.a. on monthly rests subject to change from time to time. Terms of Repayment Repayable on demand Margin 25% Extent and Operation of the charge The charge operates on first charge basis Others The Limit enhanced from Rs.4.0000 millions to Rs.8.000 millions, Detailed as Cash Credit (Hypo) Rs.8.000 millions Total Rs.8.000 millions |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
·
Hypothecation on first charge basis on entire current assets present and future
i.e. raw material, stock in process, finished goods, consumable stores and
spares, stocks in transit and book debts and all assets of the company
including fixed assets present and future. ·
Equitable Mortgage extended on Plot No. 119/339
Vikramaditya Marg, Agarwal Farm, Mansarovar, Jaipur as security on first
charge basis. |
|
Particulars of the present modification |
The Limit enhanced from Rs.4.000 millions to Rs.8.000 millions, Detailed as Cash Credit (Hypo) Rs.8.000
millions Hypothecation on first charge basis on
entire current assets present and future i.e. raw material, stock in
process, finished goods, consumable stores and spares, stocks in transit and
book debts and all assets of the company including fixed assets present and
future. |
FIXED ASSETS
·
Air Conditioner
·
Computer
·
Furniture and Fixtures
·
Intercom
·
·
Security System
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.52.72 |
|
|
1 |
Rs.82.71 |
|
Euro |
1 |
Rs.68.90 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
27 |
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.