1. Summary Information
|
|
|
Country |
India |
|
Company Name |
STAHL TECNIKS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Sundar Nageswaran |
|
Status |
Good |
Principal Name 2 |
Mr. Vijay Kumar Verma |
|
|
|
Registration # |
55-18316 |
|
Street Address |
2nd Floor,
Plot No. 10, LSC, Pocket B-1, Vasant Kunj, New Delhi – 110070, Delhi, India |
||
|
Established Date |
05.06.1984 |
SIC Code |
-- |
|
Telephone# |
91-11-26899197 |
Business Style 1 |
Manufacturers |
|
Fax # |
91-11-26136931 |
Business Style 2 |
Importers |
|
Homepage |
-- |
Product Name 1 |
Household appliances |
|
# of employees |
35
(Approximately) |
Product Name 2 |
Electrical fitting |
|
Paid up capital |
Rs. 100000 /- |
Product Name 3 |
Air conditioners |
|
Shareholders |
Directors or relatives of
directors – 100% |
Banking |
Punjab National
Bank |
|
Public Limited Corp. |
NO |
Business Period |
27 years |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
A
(59) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
192,978,000 |
Current Liabilities |
182,814,000 |
|
Inventories |
62,156,000 |
Long-term Liabilities |
-- |
|
Fixed Assets |
9,839,000 |
Other Liabilities |
-- |
|
Deferred Assets |
109,000 |
Total Liabilities |
184,814,000 |
|
Invest& other Assets |
-- |
Retained Earnings |
82,168,000 |
|
|
|
Net Worth |
82,268,000 |
|
Total Assets |
265,082,000 |
Total Liab. & Equity |
265,082,000 |
|
Total Assets (Previous Year) |
197,614,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
787,341,000 |
Net Profit |
13,081,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
NA |
MIRA
INFORM REPORT
|
Report Date : |
04.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
STAHL TECNIKS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
2nd Floor, Plot No. 10, LSC, Pocket B-1, Vasant Kunj, New
Delhi – 110070, Delhi |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
05.06.1984 |
|
|
|
|
Com. Reg. No.: |
55-18316 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74899DL1984PTC018316 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELS24095B |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AABCS7175A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturers, fabricators, dealers, importers, exporters, stockists, distributors,
wholesalers and retailers of components parts, used for or in connection
with, all types of industrial, scientific, refrigerators, air conditioners,
two wheelers, automobiles, household appliances, toys, electrical fitting,
building fitting including window and door, buttons and all things used in
connection therewith. |
|
|
|
|
No. of Employees : |
35 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (59) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 330000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track. Financial
position of the company appears to be sound. Trade relations are reported as fair.
Business is active. Payments are reported to be regular 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 : |
2nd Floor, Plot No. 10, LSC, Pocket B-1, Vasant Kunj, New
Delhi – 110070, Delhi, India |
|
Tel. No.: |
91-11-26899197 91-124-4673000 |
|
Fax No.: |
91-11-26136931 |
|
E-Mail : |
DIRECTORS
As on : 30.09.2010
|
Name : |
Mr. Vijay Kumar Verma |
|
Designation : |
Director |
|
Address : |
B 7/5153, Vasant Kunj, New Delhi – 110070, India |
|
Date of Birth/Age : |
05.08.1943 |
|
Date of Appointment : |
25.01.2005 |
|
|
|
|
Name : |
Mr. Sundar Nageswaran |
|
Designation : |
Director |
|
Address : |
1084, Sector 4, R. K. Puram, |
|
Date of Birth/Age : |
16.11.1954 |
|
Date of Appointment : |
01.10.2007 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Sudhir Kumar Marwaha |
4950 |
|
Suresh Kumar Anand |
100 |
|
Rohit Bhuchar |
4950 |
|
|
|
|
Total |
10000 |
Equity share breakup (percentage of total equity)
As on : 30.09.2010
|
Category |
Percentage |
|
|
|
|
Directors or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers, fabricators, dealers, importers, exporters, stockists,
distributors, wholesalers and retailers of components parts, used for or in
connection with, all types of industrial, scientific, refrigerators, air
conditioners, two wheelers, automobiles, household appliances, toys,
electrical fitting, building fitting including window and door, buttons and
all things used in connection therewith. |
GENERAL INFORMATION
|
No. of Employees : |
35 (Approximately) |
|
|
|
|
Bankers : |
Punjab National Bank |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
ALPS and Associates Chartered Accountants |
|
Address : |
B – 5/20, First Floor, Sector – 7, Rohini, |
|
Tel. No.: |
91-11-27041212 |
|
Mobile No.: |
91-9810883044 |
|
E-Mail : |
adityasharma_ca@yahoo.com |
CAPITAL STRUCTURE
As on : 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs. 10/- each |
Rs.0.100 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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
82.168 |
69.087 |
43.311 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
82.268 |
69.187 |
43.411 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
82.268 |
69.187 |
43.411 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
9.839 |
1.092 |
1.453 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.109 |
0.094 |
0.065 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
62.156
|
32.606 |
0.000 |
|
|
Sundry Debtors |
47.910
|
48.223 |
27.125 |
|
|
Cash & Bank Balances |
24.123
|
38.591 |
6.720 |
|
|
Other Current Assets |
82.720
|
49.798 |
44.884 |
|
|
Loans & Advances |
38.225
|
27.210 |
24.681 |
|
Total
Current Assets |
255.134
|
196.428 |
103.410 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Other Current Liabilities |
182.814
|
128.427 |
61.517 |
|
|
Provisions |
0.000
|
0.000 |
0.00 |
|
Total
Current Liabilities |
182.814
|
128.427 |
61.517 |
|
|
Net Current Assets |
72.320
|
68.001 |
41.893 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.00 |
|
|
|
|
|
|
|
|
TOTAL |
82.268 |
69.187 |
43.411 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
|
|
TURNOVER |
787.341 |
NA |
610.762 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
767.518 |
NA |
583.476 |
|
|
|
Interest |
|
|
|
|
|
|
Deprecation |
|
|
|
|
|
|
TOTAL |
767.518 |
NA |
583.476 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
19.823 |
39.237 |
27.286 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.742 |
NA |
9.398 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
13.081 |
NA |
17.888 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.308 |
NA |
1.789 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.66
|
-- |
2.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.48
|
19.86 |
26.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
3.10
|
0.56 |
0.62 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.22
|
1.85 |
1.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39
|
1.52 |
1.68 |
LOCAL AGENCY FURTHER INFORMATION
NOTE :
The registered office address of the company has been shifted from
C-2/2449, Vasant Kunj, New Delhi – 110070, India to present w.e.f. 01.06.2009.
BACKGROUND :
Stahl Tecniks Private Limited (‘the Company’)
was incorporated on 5th June, 1984 as a private limited company. The
company is engaged in civil construction and providing services.
FINANCIAL RESULTS
:
The company has earned a net profit (loss) of Rs. 19.823 millions
(before provision of income tax), (previous year’s figures Rs. 39.237 millions)
FIXED ASSETS :
·
Air conditioner
·
Cars
·
Furniture and Fixtures
·
Inverters
·
Plant and Machinery
·
Plant and Machinery
·
Computer
·
EPBAX Systems
·
Land And Building
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. 44.58 |
|
|
1 |
Rs. 71.75 |
|
Euro |
1 |
Rs. 64.80 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
59 |
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.