MIRA
INFORM REPORT
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Report Date : |
17.01.2011 |
IDENTIFICATION DETAILS
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Name : |
SECURITRANS INDIA PRIVATE LIMITED |
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Registered Office : |
A-27/1, Block A, Road No. 1, Mahipalpur Extension, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
16.07.1998 |
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Com. Reg. No.: |
55-95012 |
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CIN No.: [Company
Identification No.] |
U74999DL1998PTC95012 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
To carry on the Business of Transportation and Storage of Cash,
Bullion, Silver and other high value products and documents. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 933000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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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. Profit and Loss of the company is not available. |
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
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered Office : |
A-27/1, Block A, Road No. 1, Mahipalpur Extension, |
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Tel. No.: |
91-11-26781822 |
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E-Mail : |
Info@gca-associates.com, mktg@apsecuritas.com
, mktg@apsecuritas.com |
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Website : |
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Corporate Office : |
APS House, 10, DDA Commercial
Complex,Nangal Raya, New Delhi-110046, |
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Tel. No.: |
91-11-30090700 - 30 |
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Fax No.: |
91-11-45612820 |
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E-Mail : |
DIRECTORS
As on 30.09.2010
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Name : |
Mr. Anil Puri |
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Designation : |
Director |
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Address : |
C-96, Anand Niketan, |
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Date of Birth/Age : |
01.09.1959 |
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Date of Appointment : |
16.07.1998 |
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Name : |
Mr. Anuj Puri |
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Designation : |
Director |
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Address : |
C-96, Anand Niketan, |
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Date of Birth/Age : |
18.08.1971 |
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Date of Appointment : |
16.07.1998 |
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Name : |
Mr. Madan Mohan Lal Puri |
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Designation : |
Director |
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Address : |
C-96, Anand Niketan, |
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Date of Birth/Age : |
11.11.1924 |
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Date of Appointment : |
11.01.2002 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
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Names of Shareholders |
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No. of Shares |
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Anil Puri |
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60000 |
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Anuj Puri |
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40000 |
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Total
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100000 |
As on 30.09.2010
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
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100.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
To carry on the Business of Transportation and Storage of Cash, Bullion,
Silver and other high value products and documents. |
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Services : |
GENERAL INFORMATION
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Customers : |
• Reliance
Industries Limited • Forbes
Gokak • Embassy
Of • J
K Group of Companies • Thomas
Cook • Hungarian
Culture • Tata
Tele Services • Sita
Travels • CNN • Bharti
Telesonic Limited • Vipul
Facility • Royal
Embassy of Soudi Arabia • GE
Countrywide • Hotel
Rajputana Sheraton • Embassy
Of Solovinia • Kotak
Mahindra • Amway • • Metlife
Insurance • Brista
Coffee Shop • HPCL • American
Express • ABN
Amro Bank • HCL
Comnet – Noida • Eli
Lily and Co. • HDFC
Bank • Mahindra
and Mahindra • LKP
Forex • ICICI
Bank • • Via
Met International – • Chadha
Group Of Companies • Procall
Limited • HMT
Industries (Mohali and Pinjore) • Tata
Consultancy Services • EXL
Services ( • Titan
Industries ( DDN) • NTPC • Honda
Siel Cars India Limited • • Mother
Dairy • Tanishqe
Show Room • HFCL
Satelitte • BHEL • Mc
Donald • Pataudi
Mahel – Gurgaon • Oil
India Limited • Tata
Tea • Herballife
Intl India Limited • Polariod
India • Bank
of Punjab Limited • Oriflame
India Limited • Bharti
Cellular Limited (Airtel) • UTI
Bank • Volvo
Parts and Services • • IDBI
Bank • Benetton • National
Stock Exchange • Citi
Bank • Birla
GTM – Gurgaon • Essar
• Global
Trust Bank • Container
Corporation Depot • Gabriel
India Limited • • Dir.
Gen. of Hydro-Carbon. • IIFT
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Bankers : |
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Facilities : |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
Gopal Chopra and Associates Chartered Accountants |
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Address : |
34, |
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Sister Concern: |
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CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs. 100/- Each |
Rs. 10.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs. 100/-
Each |
Rs.10.000
millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
10.000 |
10.000 |
10.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
223.308 |
155.671 |
115.055 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
233.308 |
165.671 |
125.055 |
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LOAN FUNDS |
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1] Secured Loans |
63.783 |
54.171 |
21.597 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
63.783 |
54.171 |
21.597 |
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DEFERRED TAX LIABILITIES |
9.800 |
6.650 |
4.625 |
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TOTAL |
306.891 |
226.492 |
151.277 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
113.378 |
92.944 |
62.795 |
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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 |
0.000
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0.000
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0.000 |
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Sundry Debtors |
219.834
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210.064
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137.039 |
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Cash & Bank Balances |
92.012
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79.537
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45.577 |
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Other Current Assets |
0.000
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0.000
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0.000 |
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Loans & Advances |
61.230
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48.558
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38.965 |
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Total
Current Assets |
373.076
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338.159
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221.581 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
143.802
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173.912
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117.344 |
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Provisions |
35.761
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30.699
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15.755 |
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Total
Current Liabilities |
179.563
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204.611
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133.099 |
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Net Current Assets |
193.513
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133.548
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88.482 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
306.891 |
226.492 |
151.277 |
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KEY RATIOS
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PARTICULARS |
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31.03.2010 |
31.03.2009 |
31.03.2008 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.04
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1.56
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1.24 |
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Current Ratio (Current Asset/Current Liability) |
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2.08
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1.65
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1.66 |
LOCAL AGENCY FURTHER INFORMATION
NOTES:
The Registered
Office of the company has been shifted from A-27, Mahiplapur Extension, New
Delhi – 110 037, Delhi, India to the
present address w.e.f. 10.06.2008
Bankers Charges
Report as per Registry
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This form is for |
Modification of
charge |
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Charge
identification number of the modified |
10163413 |
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Corporate
identity number of the company |
U74999DL1998PTC95012 |
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Name of the
company |
SECURITRANS INDIA PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
A-27/1, Block A, Road No. 1, Mahipalpur Extension, |
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Type of charge |
Book Debts 1st
and exclusive charge over current assets |
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Particular of
charge holder |
Standard Chartered Bank, 10, |
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Nature of description
of the instrument creating or modifying the charge |
Hypothecation
Agreement (Supplement) |
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Date of
instrument Creating the charge |
21.05.2010 |
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Amount secured by
the charge |
Rs.345.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
: As per facility
letter dated 06.05.2010 Terms of
Repayment : As per facility
letter dated 06.05.2010 Margin : As per facility
letter dated 06.05.2010 Extent and
Operation of the charge : 100% |
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Short particulars
of the property charged |
Hypothecation by
way of first and exclusive charge over all present and future current assets
of the company stored or to be stored at the company’s godowns or premises or
wherever else the same may be. |
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Date of latest
modification prior to the present modification |
07.08.2009 |
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Particulars of
the present modification |
Bank’s first and
exclusive charge over all present and future current assets of the company stored
or to be stored at the company’s godowns or premises or wherever else the
same may be, already registered for Rs.185.000 Millions shall stand enhanced
to Rs.345.000 Millions |
FINANCIAL RESULT:
During the current year the company earned a net profit of Rs. 48.256
millions as compared to a net profit of Rs. 26.552 millions in the previous
year.
FIXED ASSETS:
- Computers
- UPS
- EPBAX
- Building
Account
- Camera
- Counting
Machine
- Fax Machine
- Security System
- Inverter
- Telephone
- Water Cooler
- Furniture and
Fixture
- Air
Conditioner
- Office
Equipment
- Pager
- Printer
- Water Heater
- Washing
Machine
- Mobile Phone
Account
- Cooler
Account
- Vehicle
Account
- Vault Door
WEBSITE DETAILS:
PROFILE:
Theft... Dacoity... Fire... Kidnapping... Events that come unannounced and leave in their wake untold suffering. With the varied services of the APS Group, you can either safeguard against their occurrence or choose to do nothing. The choice is yours.
The Genesis of the APS Group lies in the Indian Army. After a distinguished service career spanning 41 years with the Indian Army, their founder, Col. M.M.L. Puri set up A.P. Securitas in 1986. The aim was to set up the Country's first integrated security services company which could effectively cater to the ever evolving security needs.
Today, 18 years down the line, A.P. Securitas has evolved into the APS Group with three sister companies, each specializing in different dimensions of security and spread 44 locations across the country.
A.P. Securitas Private Limited: The erstwhile company, specializes in Guarding assignments. It can provide armed / unarmed guards, executive protection, guard dogs with handlers and event security. It also provides various management support services apart from Fire Safety and Private Investigations.
Securitrans India Private Limited : Incorporated to cater to the specialized needs of the banking industry and high value transactions, it provides Cash-in-Transit, ATM Management, Cash Pick up, Secure Vaulting, Security Couriers, Phone Banking, Transportation of Bullion and Payroll Packaging and Delivery.
APS Systems : It specializes in assessing the security needs and then providing customized Burglar Alarm Systems, Fire Alarm Systems, CCTV Surveillance Systems and Access Control Systems.
The focus is to provide iron clad protection during transportation of
cash and other valuables. At
Securitrans, they take into account variables like the location
of the pick-up/delivery points, suitability of the routes, speed, dead mileage
and payload before formalizing the operational plan. Details that can spell the
difference between success and failure. The armored vans used for CIT
transactions are escorted by trained custodians and armed guards and maintain
constant radio contact with the control room. Efforts are on to equip all
armored transports with GPS (Global Positioning Satellite) systems to provide
the valuables that extra ring of security.
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.45.30 |
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|
1 |
Rs.71.73 |
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Euro |
1 |
Rs.60.40 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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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 |
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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 |
-- |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.