1. Summary Information
|
|
|
Country |
India |
|
Company Name |
SASCO MARKETING
PRIVATE LIMITED |
Principal Name 1 |
Mr. Amit Kumar Gupta |
|
Status |
Moderate |
Principal Name 2 |
Mr. Shweta Garg |
|
|
|
Registration # |
55-165107 |
|
Street Address |
Basement Floor
Plot No.10, Block –AB, Dilkhush Industrial Estate, G.T.K. Road, Azadpur –
110033, Delhi, India |
||
|
Established Date |
22.06.2007 |
SIC Code |
-- |
|
Telephone# |
91-11-27486682 |
Business Style 1 |
Manufacturer |
|
Fax # |
-- |
Business Style 2 |
Importer |
|
Homepage |
-- |
Product Name 1 |
All types of electrical fitting |
|
# of employees |
-- |
Product Name 2 |
Pipes |
|
Paid up capital |
Rs. 500000/- |
Product Name 3 |
Switches |
|
Shareholders |
Directors or
relatives of Directors- 100% |
Banking |
·
Axis Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
4 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(27) |
|
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 |
8,153,000 |
Current Liabilities |
11,818,000 |
|
Inventories |
7,608,000 |
Long-term Liabilities |
3,694,000 |
|
Fixed Assets |
777,000 |
Other Liabilities |
0,000 |
|
Deferred Assets |
5,000 |
Total Liabilities |
15,512,000 |
|
Invest& other Assets |
18,000 |
Retained Earnings |
550,000 |
|
|
|
Net Worth |
1,050,000 |
|
Total Assets |
16,562,000 |
Total Liab. & Equity |
16,562,000 |
|
Total Assets (Previous Year) |
6,272,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
49,214,000 |
Net Profit |
333,000 |
|
Sales(Previous yr) |
18,443,000 |
Net Profit(Prev.yr) |
123,000 |
MIRA
INFORM REPORT
|
Report Date : |
01.06.2011 |
Note : The correct name of the company is SASCO MARKETING PRIVATE LIMITED.
IDENTIFICATION DETAILS
|
Name : |
SASCO MARKETING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Basement Floor Plot No.10, Block –AB, Dilkhush Industrial Estate,
G.T.K. Road, Azadpur – 110033, Delhi |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
22.06.2007 |
|
|
|
|
Com. Reg. No.: |
55-165107 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36993DL2007PTC165107 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS34869C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS9741D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of all types of electrical
fitting, pipes, switches, fan, tube light, bathroom fitting and home
appliance. |
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 4200 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, trade relations are reported as fair.
Business is active, payments are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
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 : |
Basement Floor Plot No.10, Block –AB, Dilkhush Industrial Estate,
G.T.K. Road, Azadpur – 110033, Delhi, India |
|
Tel. No.: |
91-11-27486682 |
|
E-Mail : |
|
|
|
|
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Amit Kumar Gupta |
|
Designation : |
Director |
|
Address : |
A-19, Prashant Vihar, New Delhi – 110085, Delhi, India |
|
Date of Birth/Age : |
21.09.1978 |
|
Date of Appointment : |
22.06.2007 |
|
|
|
|
Name : |
Mr. Shweta Garg |
|
Designation : |
Director |
|
Address : |
BN-58, Shalimar Bagh, New Delhi – 110052, Delhi, India |
|
Date of Birth/Age : |
05.09.1980 |
|
Date of Appointment : |
02.10.2008 |
|
|
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Amit Kumar Gupta |
|
25000 |
|
Shweta Garg |
|
25000 |
|
|
|
|
|
Total |
|
50000 |
AS ON 30.09.2010
|
Category |
Percentage |
|
|
|
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of all types of electrical
fitting, pipes, switches, fan, tube light, bathroom fitting and home appliance. |
GENERAL INFORMATION
|
Customers : |
·
Arora Paint and Hardware Store ·
Archit Switch Gear Private Limited ·
Anuradha Electricals ·
Dixit Enterprises ·
Bansal Electric and Mill Store ·
Ecotech Products Private Limited ·
Global Destination ·
Shantikiran India Private Limited ·
Yashika Electricals ·
Sterling and Wilson Limited – Noida |
||||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||||
|
Suppliers : |
·
Havells India Limited ·
Indo Asian Fusegear Limited ·
Maya Distributors ·
Sanjay Sethi Electricals |
||||||||||||||||||||||||||||||||||||||||||
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Bankers : |
·
Axis Bank Limited ·
HDFC Bank |
||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
C P M and Company Chartered Accountant |
|
Address : |
B-188/2, Derawal Nagar, opposite Modal Town – II, New Delhi – 110009,
Delhi, India |
|
|
|
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 |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500
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 |
0.500 |
0.500 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.550 |
0.216 |
0.093 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.050 |
0.716 |
0.593 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.362 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
1.332 |
1.189 |
1.565 |
|
|
TOTAL BORROWING |
3.694 |
1.189 |
1.565 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.002 |
0.002 |
|
|
Others |
0.000 |
0.000 |
0.580 |
|
|
|
|
|
|
|
|
TOTAL |
4.744 |
1.907 |
2.740 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.777 |
0.050 |
0.035 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.005 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7.608
|
3.397 |
0.982 |
|
|
Sundry Debtors |
5.196
|
2.289 |
7.952 |
|
|
Cash & Bank Balances |
2.073
|
0.196 |
0.060 |
|
|
Other Current Assets |
0.824
|
0.288 |
0.081 |
|
|
Loans & Advances |
0.060
|
0.025 |
0.025 |
|
Total
Current Assets |
15.761
|
6.195 |
9.100 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Other Current Liabilities |
11.790
|
4.361 |
6.431 |
|
|
Provisions |
0.028
|
0.004 |
0.000 |
|
Total
Current Liabilities |
11.818
|
4.365 |
6.431 |
|
|
Net Current Assets |
3.943
|
1.830 |
2.669 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.018 |
0.027 |
0.036 |
|
|
|
|
|
|
|
|
TOTAL |
4.743 |
1.907 |
2.740 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
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|
NET SALES |
49.214 |
18.443 |
14.086 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
48.447 |
18.075 |
13.867 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
0.767 |
0.368 |
0.219 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES AND DEPRECIATION |
0.284 |
0.176 |
0.076 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.482 |
0.192 |
0.143 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.156 |
0.069 |
0.047 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
0.333 |
0.123 |
0.093 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.333 |
0.123 |
0.093 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.66 |
2.46 |
1.86 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.67
|
1.04 |
0.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.91
|
3.07 |
1.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45
|
0.26 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
14.77
|
7.75 |
13.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33
|
1.41 |
1.41 |
LOCAL AGENCY FURTHER INFORMATION
PROGRESS OF THE
COMPANY
The company turned
out a satisfactory performance. During the year ended 31st March, 2008 the gross
billings were Rs 14.086 millions as against Rs nil in the previous year ending
31st March 2007. This is inspite of heavy competition and overall scenario.
NOTE :
The registered office address of the company
has been shifted from BN-58, First Floor, Plot No. 10, Block –AB, Dilhush
Industrial Estate, G.T.K. Road, Azadpur, Delhi – 110033, India to present
w.e.f. 01.10.2008.
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. 45.03 |
|
|
1 |
Rs. 74.43 |
|
Euro |
1 |
Rs. 64.75 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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.