MIRA
INFORM REPORT
|
Report Date : |
02.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
BRINDCO SALES LIMITED |
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Registered
Office : |
3E/7, Jhandewalan Extension, |
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Country : |
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Financials (as on)
: |
31.03.2010 |
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Date of
Incorporation : |
27.04.1984 |
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Com. Reg. No.: |
55-18032 |
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Paid up Capital
: |
Rs.45.000
Millions |
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CIN No.: [Company Identification
No.] |
U52110DL1984PLC018032 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB15024C |
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PAN No.: [Permanent Account No.] |
AAACB3997N |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and Importer of Liquor and Beer. |
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No. of Employees
: |
150 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
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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 2594072 |
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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. |
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) |
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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 |
INFORMATION PARTED BY
|
Name : |
Mr. Ranjit Singh |
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Designation : |
Accounts Executive |
LOCATIONS
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Registered Office : |
3E/7, Jhandewalan Extension, |
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Tel. No.: |
91-11-26383261/ 26389351/ 23525739 |
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Fax No. : |
91-11-26386618/ 51612499/ 26385294 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
S – 53, Okhla Industrial Area, Phase – II, |
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Tel. No.: |
91-11-51616424/ 26388707/ 26383261/ 40646666 |
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Fax No.: |
91-11-26385294/ 26386618/ 40646684 |
DIRECTORS
As On 30.09.2010
|
Name : |
Mr. Brinder Pal Singh |
|
Designation : |
Chairman Cum Managing Director |
|
Address : |
E – 38, Kalindi, Maharani Bagh, |
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Date of Birth/Age : |
15.05.1945 |
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Date of Appointment : |
28.09.2006 |
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Name : |
Mrs. Inder Dhall |
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Designation : |
Director |
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Address : |
A – 74, East of Kalish, New |
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Date of Birth/Age : |
21.06.1921 |
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Date of Appointment : |
27.04.1984 |
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Name : |
Mr. Smirit Dhall |
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Designation : |
Director |
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Address : |
E – 38, Kalindi, Maharani Bagh, |
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Date of Birth/Age : |
31.07.1950 |
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Date of Appointment : |
28.09.2006 |
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Name : |
Mr. Amandeep Dhall |
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Designation : |
Director |
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Address : |
E – 38, Kalindi, Maharani Bagh, |
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Date of Birth/ Age : |
19.12.1972 |
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Date of Appointments : |
01.07.2004 |
KEY EXECUTIVES
|
Name : |
Mr. Ranjit Singh |
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Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2009)
|
Names of Shareholders |
|
No. of Shares (Equity) |
|
|
|
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Brinder Pal Singh |
|
68695 |
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Brinder Pal Singh (HUF) |
|
68695 |
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Indra Dhall |
|
10600 |
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Smirit Dhall |
|
8660 |
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Aman Deep Singh |
|
44540 |
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Simer Dhall |
|
18000 |
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Brindco Investment Private Limited |
|
36600 |
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Brindco Enterprises Private Limited |
|
39100 |
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Total |
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294890 |
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||
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Names of Shareholders |
|
No. of Shares (Preference) |
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|
|
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Star Investment Private Limited |
|
75000 |
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Maldeep Investment Private Limited |
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50000 |
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Raghava Investment Private Limited |
|
1000000 |
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Total |
|
1125000 |
(AS ON 30.09.2009)
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Liquor and Beer. |
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Products : |
UB Global v
Bagpiper Deluxe Whisky v
Mc Dowell’s Green Label Whisky v
King Fisher Strong Premium Beer Amrut
Distilleries Limited v Bejois Brandy v Bejois Napoleon
Brandy v Maq Finest
Blended Scotch Whisky Ravikumar
Distilleries Limited v
Alcohol v
Alcohol Yukichi v
Pepsi |
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Imports : |
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Countries : |
v
v
v
v
v
v
v
Worldwide |
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Terms : |
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Selling : |
Credit (30 – 45 days) |
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Purchasing : |
L/C, Credit |
GENERAL INFORMATION
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Customers : |
v
Hotels v
Restaurants |
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No. of Employees : |
150 |
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Bankers : |
v
Bank of Jhandewalan Branch v
Axis Bank GK2 Branch v
HDFC (Centurion Bank of v
Bank of Punjab Limited SCO, 4647, Bank of v
Sunet Branch, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Davinder Pal Singh and Company Chartered Accountants |
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Address : |
524-I, |
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Tel No.: |
91-161-2422279/ 2422284 |
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Mobile No.: |
91-9814025756 |
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Subsidiary : |
v
Golden Photo and Warehousing Private Limited – U63023DL2002PTC117940 v
Surajit Yantric Shilpa Udyog Limited – U39212WB1971PLC027948 v
Brindco Sales Corporation v
Brindco Enterprises Private Limited v
Brindco Investment Private Limited v
Span Alcohol Beverages Private Limited v
Natasha International v
Darshit Impex Private Limited |
CAPITAL STRUCTURE
As On 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.100/- each |
Rs.40.000 Millions |
|
400000 |
Preference Shares |
Rs.100/- each |
Rs.40.000 Millions |
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|
|
|
|
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Total |
|
Rs.80.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
225000 |
Equity Shares |
Rs.100/- each |
Rs.22.500
Millions |
|
225000 |
Preference Shares |
Rs.100/- each |
Rs.22.500
Millions |
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|
|
|
|
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Total |
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Rs.45.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
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 |
30.000 |
45.000 |
45.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
618.518 |
544.006 |
482.537 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
648.518 |
589.006 |
527.537 |
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LOAN FUNDS |
|
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1] Secured Loans |
445.388 |
310.907 |
303.188 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
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TOTAL BORROWING |
445.388 |
310.907 |
303.188 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
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TOTAL |
1093.906 |
899.913 |
830.725 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
51.224 |
50.845 |
46.401 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
177.147 |
177.146 |
177.070 |
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DEFERREX TAX ASSETS |
3.026 |
2.505 |
2.009 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
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Inventories |
172.862
|
222.415
|
216.429 |
|
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Sundry Debtors |
408.298
|
388.067
|
274.136 |
|
|
Cash & Bank Balances |
67.869
|
55.651
|
65.789 |
|
|
Other Current Assets |
0.066
|
1.226
|
0.734 |
|
|
Loans & Advances |
451.714
|
232.255
|
280.254 |
|
Total
Current Assets |
1100.809
|
899.614
|
837.342 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
165.430
|
107.431 |
|
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Other Current Liabilities |
161.363
|
23.465
|
39.906 |
|
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Provisions |
76.937
|
41.302
|
84.760 |
|
Total
Current Liabilities |
238.300
|
230.197
|
232.097 |
|
|
Net Current Assets |
862.509
|
669.417
|
605.245 |
|
|
|
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|
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|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1093.906 |
899.913 |
830.725 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2040.273 |
1979.591 |
1516.392 |
|
|
|
Other Income |
51.223 |
49.181 |
36.842 |
|
|
|
TOTAL (A) |
2091.496 |
2028.772 |
1553.234 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
1657.471 |
1650.911 |
1309.863 |
|
|
|
(Increase)/decrease in finished goods |
52.523 |
6.920 |
(73.295) |
|
|
|
Personnel Expenses |
63.785 |
61.795 |
48.592 |
|
|
|
Administrative, Selling and Other Expenses |
152.360 |
162.843 |
133.270 |
|
|
|
TOTAL (B) |
1926.139 |
1882.469 |
1418.430 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
165.357 |
146.303 |
134.804 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
44.076 |
37.557 |
13.957 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
121.281 |
108.746 |
120.847 |
|
|
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.016 |
11.674 |
8.832 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
109.265 |
97.072 |
112.015 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
34.753 |
35.603 |
41.549 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
74.512 |
61.469 |
70.466 |
|
|
|
|
|
|
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|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
486.506 |
425.037 |
354.571 |
|
|
|
|
|
|
|
|
|
Add |
Redemption of
15000 shares 10% Non Cumulative reddemable preference shares o Rs.100/- each
out of profit |
15.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
546.018 |
486.506 |
425.037 |
|
|
|
|
|
|
|
|
|
|
Import Value |
-- |
-- |
217.746 |
|
|
|
|
|
|
|
|
|
|
Export Value |
-- |
-- |
7.543 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
165.58 |
313.18 |
300.42 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
3.56
|
3.03
|
4.54 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.35
|
4.90
|
7.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.48
|
10.21
|
12.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.16
|
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.05
|
0.92
|
1.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.62
|
3.91
|
3.61 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
The working of the company has been more or less satisfactory during the
current year.
TRADE REFERENCES:-
v
Oberoi Hotel
v
Taj Hotel
Form 8:
|
Name of the
company |
BRINDCO SALES LIMITED |
|
Presented By |
MR. BRINDER PAL SINGH, MANAGING DIRECTOR |
|
1) Date and description of instrument creating the change |
Form No 192 dated 05.02.2000 Revised dated 27.03.2003 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.12.000
Millions Rs.7.000 millions
against book debts Rs.5.000 millions against the hypothecation of stock. |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of
Stock of beer and Whisky of UBL and Books debts of Ludhiana Branch and all
type of present and future book debts. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
For working
capital interest @ 7.25 % over and
above the Reserve Bank of India
rate and not Less than 15.25 % and 16.25 % |
|
5) Name and Address and description of the person entitled to the charge. |
Sunet Branch, |
|
6) Date and brief description of instrument modifying the charge |
Form No. 84A
dated 28.03.2003 Form No. 192,
dated 27.03.2003 for Hypothecation of Stocks
of Beer, Wiskey and Wine and Form 193 for Hypothecation of Book Debts |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Limit increased
to Rs.30.000 Millions Rs.2.000 Millions
against stock and Rs.1.000 Millions
against Book debts Rate of interest
7.75 % above RBI rate extent of Charges 100 % Limits to be
additionally secured by E/M title deed No. 3901 dated 12.05.1993 Title deeds No. –
5996/- dated 02.06.1993 Title deeds No. –
6924/- dated 11.06.1993 Title deeds No. –
14494/- dated 14.09.2003 Situated at 161 –
Gurdev Nagar, |
|
This form is for |
Creation of
charge |
|
Corporate identity
number of the company |
U52110DL1984PLC018032 |
|
Name of the
company |
BRINDCO SALES LIMITED |
|
Address of the
registered office or of the principal place of business in |
3E/7, Jhandewalan Extension, |
|
Type of charge |
·
Immovable Property ·
All current assets, present and future |
|
Particular of
charge holder |
Name : Address : Sunet
Branch, Ludhiana-141001, Punjab e-mail ID: my.client123@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Sanction Letter
Dated (11.06.2010) Letter dated
06.07.2010 Hypothecation of
Goods to secure a demand Cash Credit. Agreement For
Hypothecation of Book Debts. Agreement for
Hypothecation of Debts and Assets. Form 84 AA (R)
Surajit Yantric Shilpa Udyog Ltd. Form 84 AA (R)
Golden Photo and Warehouse Pvt. Ltd. Form 84 A (R)
Brindco Sales Ltd. Form 84 AA (R)
Brinder Pal Singh (HUF) Form 84 AA (R)
Brindco Sales Corporation |
|
Date of
instrument Creating the charge |
12.07.2010 |
|
Amount secured by
the charge |
Rs.700.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 2.80% p.a over Base
Rate (8.20%) + 2.80% = 11% p.a. at present with monthly rests.. Terms of
repayment CC - On Demand ODP - As per bank
rules. Margin 25% Extent operation
of the charge 100% |
|
Short particulars
of the property charged |
1. First and Exclusive charge on all Current
Assets of the company. 2. Commercial Property measuring1387.20
Sq.Yard situated at 118-B, Okhla Ind Area Estate,Phase-1,New Delhi in the
name of M/s Golden Photo and Warehousing(P)Limited bearing conveyance deed
No.8200 dtd 13-01-03 3. Industrial Property measuring 612 sq. yard
situated at E-49/1, Okhla Ind. Estate, Phase-1, New Delhi vide lease deed no.
3084 dt. 20.03.72 in the name of M/s Surajit Yantrik Shilpa Udyog Private
Limited. 4. Resid. house msg, 417 sq, yards situated
at 38-E, Kalindi Colony Maharani Bagh New Delhi in the name of M/s Brindco
Sales Corporation through Birinder Pal Singh 5. sale deed no 3316 dt19.05.1983 with sub
registrar New Delhi. 6. Residential flat situated at 61-A, 6th
Floor, Land Breeze Coperative Housing Society Limited situated at 52- Pali Hill Bandra, Bombay in the name of
Brinder Pal Singh (HUF) and original share 7. certificate No.11 dt. 01.10.1981 issued by
land breeze Co-op. Housing Society Limited. 8. Property bearing M C No. B-20-3304, Gurdev
Nagar, Ludhiana measuring 1043.14 sq yards , khata no. 228/1/2, 228/1/1/2,
228/1/4, 228/2/2 , khata no. 804/896, jamabandi 1985-86 in the name of
Brindco Sales Limited vide four sale deeds: S. No.14494 dt. 14.09.1993 msg.
142.25 sq. yards. S. No. 3901 dt. 12.05.1993 msg. 260.50 sq yards S. No. 5996 dt. 02.06.1993 msg. 265.50
sq yards S. No. 6924 dt. 11.06.1993 msg. 374.89
sq yards |
Fixed Assets
v
Land
v
Building
v
Generators
v
Office Equipments
v
Air conditioners / Coolers
v
Furniture and Fixture
v
Vehicles
NEWS:
30 June, 10
Brindco is pleased to introduce Chateau Ste Michelle in its brand
portfolio.
Chateau Ste Michelle is one of the premium and
oldest winery in
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.44.94 |
|
|
1 |
Rs.73.46 |
|
Euro |
1 |
Rs.64.58 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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.