MIRA
INFORM REPORT
|
Report Date : |
13.06.2011 |
Note : The correct name of the company is ‘AMAR ROLLER FLOUR
MILLS DIVISION OF AMAR ALLOYS PRIVATE LIMITED’
IDENTIFICATION DETAILS
|
Name : |
AMAR ALLOYS PRIVATE LIMITED AMAR ROLLER FLOUR MILLS DIVISION OF AMAR ALLOYS PRIVATE LIMITED |
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Registered
Office : |
Show Room No. 11, Sector 26, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of Incorporation
: |
03.08.1989 |
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Com. Reg. No.: |
53-09588 |
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Capital
Investment / Paid-up Capital : |
Rs.10.810 millions |
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CIN No.: [Company Identification
No.] |
U27106CH1989PTC009588 |
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TIN : |
06802501242 – Haryana 03922022870 - |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Atta, Maida and Suji |
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No. of Employees
: |
100 [Approximately] |
RATING & COMMENTS
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MIRA’s Rating : |
B [28] |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 61000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The
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
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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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. Anil |
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Designation : |
Account Department |
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Contact No.: |
91-9803004200 |
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Date : |
06.06.2011 |
LOCATIONS
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Registered Office : |
Show Room No. 11, Sector 26, |
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Tel. No.: |
91-172-5064200 |
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Mobile No.: |
91-9876314509 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Head Office / Electronic Division : |
SCO 202, Sector 14, Panchkula, |
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Tel. No.: |
91-172-4639993 / 2583648 / 2566570 |
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E-Mail : |
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Location : |
Owned |
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Factory 1 : |
Plot No 119, Industrial Area, Phase 1, Panchkula |
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Location : |
Owned |
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Factory 2 : |
Vill, Ramnagar, Near Banur, Tehsil Rajpura, Distt. |
DIRECTORS
As on 30.09.2010
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Name : |
Mr. Rakesh Kumar |
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Designation : |
Director |
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Address : |
H. No.509, Sector 33B, |
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Date of Birth/Age : |
19.10.1959 |
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Date of Appointment : |
03.08.1989 |
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Din : |
00654654 |
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Name : |
Mr. Brij Bhushan Aggarwal |
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Designation : |
Director |
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Address : |
151, Sector – 17, Panchkula |
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Date of Appointment : |
15.02.2002 |
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Din : |
00654831 |
KEY EXECUTIVES
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Name : |
Mr. Anil |
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Designation : |
Account Department |
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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Rakesh Kumar Sh. Amara Chand |
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14995 |
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Brij Bhushan Aggarwal Sh. Amar Chand |
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2245 |
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Ashok Kumar Sh. Shyam Sunder |
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5745 |
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Vijay Kumar Sh. Lal Chand |
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2480 |
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Pawan Kumar Sh. Lal Chand |
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1520 |
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Naresh Kumar Sh. Amara Chand |
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6844 |
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Brij Bhushan Goyal HUF |
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3550 |
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Geeta Goyal Sh. Pawan Goyal |
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2070 |
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Santosh Sh. Amar Chand |
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1635 |
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Parneen Sh. Sat Pal Kumar |
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3100 |
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2950 |
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Sunita Jain |
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3900 |
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Monika Jain |
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3900 |
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Vikas Goyal |
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4590 |
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17000 |
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Ram Pal Sharma |
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20000 |
As on 30.09.2010
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Atta, Maida and Suji |
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Terms : |
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Selling : |
L/C / Cash / Credit [30 Days] |
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Purchasing : |
Cash / Credit [30 Days] |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
100 [Approximately] |
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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 : |
Vinay Jain and Associates Chartered Accountant |
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Address : |
#581, Sector 8, Panchkula, Haryana – 134109, |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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110,000 |
Equity Shares |
Rs.100/-each |
Rs.11.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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108,102 |
Equity Shares |
Rs.100/-each |
Rs.10.810 millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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Particulars |
|
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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10.810 |
10.810 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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4.607 |
4.290 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
|
15.417 |
15.100 |
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LOAN FUNDS |
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1] Secured Loans |
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34.996 |
44.901 |
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2] Unsecured Loans |
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2.500 |
2.500 |
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TOTAL BORROWING |
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37.496 |
47.401 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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52.913 |
62.501 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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26.996 |
27.347 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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13.799
|
16.533 |
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Sundry Debtors |
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20.834
|
18.444 |
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Cash & Bank Balances |
|
2.502
|
2.616 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
|
0.934
|
2.762 |
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Total
Current Assets |
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38.069 |
40.355 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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11.653 |
5.191 |
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Other Current Liabilities |
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0.499 |
0.010 |
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Provisions |
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0.000 |
0.000 |
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Total
Current Liabilities |
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12.152 |
5.201 |
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Net Current Assets |
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25.917 |
35.154 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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52.913 |
62.501 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
31.03.2010 |
31.03.2009 |
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TURNOVER |
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174.483 |
84.134 |
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Less |
EXPENSES |
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174.051 |
NA |
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PROFIT BEFORE
TAX (E-F) (G) |
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0.432 |
NA |
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PROFIT AFTER TAX
(G-I) (J) |
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0.432 |
[0.164] |
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Earnings Per
Share (Rs.) |
|
3.99 |
-- |
KEY RATIOS
|
PARTICULARS |
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31.03.2010 |
31.03.2009 |
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PAT / Total Income |
(%) |
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0.25 |
[0.19] |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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0.66 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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0.03 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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3.22 |
3.48 |
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Current Ratio (Current Asset/Current Liability) |
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3.13 |
7.76 |
LOCAL AGENCY FURTHER INFORMATION
CORPORATE HISTORY
Late Sh Amar Chand Goyal dreamt of leaving his mark in the world and
founded Amar Group of Companies 1955. With his pious hopes and great
aspirations, he initiated his business from a small shop that was set up in
Manimajra. At this outlet he began by selling building materials such as steel
bars and cement. This little trade prospered by leaps and bounds and at present
it has taken the giant form of a conglomerate with a gargantuan turnover of
over Rs 1000.000 millions !
Rakesh Goyal, Chairman, great visionary and philanthropist has guided
the group to the current stage with support from his two brothers Mr. Bhushan
Goyal and Mr. Naresh Goyal.
FUTURE PLANS
The company aims to leave its footprints across the globe by emerging as
the leading conglomerate of
AMAR ROLLER FLOUR
MILLS
The Company caters to the Manufacturing Industry and is one of the
trusted manufacturers of Atta, Maida and Suji. They adhere to their promise of
purity and by virtue of the top quality that they render to their customers,
they have an unending list of reputed customers including ITC, Jubiliant
Foodworks (Dominos Pizza), Britannia Industries Limited and United Biscuits Private
Limited (Mc Vites Biscuits).
The company is facilitated with an advanced and fully operational plant
to ensure high quality output. They maintain high standards of hygiene at their
plant to deliver excellent quality and maximum productivity in lesser time. In
addition to this, they are exceptionally vigilant of employing healthy
manufacturing procedures to ensure that they produce optimum quality foodstuff.
AMAR STEELS:
This Company is engaged in rendering Steel Wholesale and Retail Services
to a range of clients. Amar Steels customer base is large and also elite
including all major construction houses and builders. The motto of the Company
is to offer ‘best product at best price’. Furthermore, they are LEADING DEALERS
of Tata Tiscon, Steel Authority of India, Charminar AC Sheets, ACC Cement,
Kamdhenu TMT.
The Company also deal in all types of steel bars, Steel Structure
material including Girders, Angles, Channels, Flat lron, etc. They also
specialize in fiber glass sheets having in house manufacturing with a huge
range of variety.
Address- Plot No 119 IndI Area Phase 1 Panchkula
Ph No- 0172 2585979,9815912564
AMAR ELECTRONIC
PLAZA:
They own an LG Shoppe based in Panchkula, Haryana. The Shoppe has a great
customer base and is among the prominent dealers of the Tricity. The Shoppe
provides an all-inclusive range of LG products with complete display of LED LCD
TV, Plasma Screens, DIOS Refrigerators, Washing machines, Air conditioners and
Microwaves. The Plaza has been aesthetically designed and displays the products
in well manner. The Customer experience has been taken into consideration and
the design of the Plaza further enhances that experience. They give customer
service their customers along with personalized services and individual
attention. They are also the franchise partner for Adidas with multiple stores
across
They own restaurants under the name and style of “Sankalp” located in
Punjab - Vill Ram Nagar,Chd-Rajpura Road, Opp Gian Sagar Nursing
College,Banur - Ph No 01762 507641
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U27106CH1989PTC009588 |
|
Name of the
company |
AMAR ALLOYS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Show Room No
11sector 26, |
|
This form is for |
Modification
of Charge |
|
Charge
identification (ID) number of the charge to be modified |
10060207 |
|
Type of charge |
Immovable
Property Book Debts Movable Property |
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Particular of charge
holder |
State Bank of |
|
Nature of
instrument creating charge |
Letter Of
Arrangement Agreement Of
Loan-Cum-Hypothecation For Enhancement Of Existing Limit From Rs. 50.000
millions To Rs. 80.000 millions |
|
Date of
instrument Creating the charge |
26.10.2010 |
|
Amount secured by
the charge |
Rs.80.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
- Working Capital : 6.50 % Above Base Rate + 7.75 % = 14.25 % Terms of
Repayment - On Demand Margin - Raw
Material (Indigenous), Semi-Finished Goods, Finished Goods-
25 % Domestic
Receivables/Book Debts- 40 % Extent and
Operation of the charge – 100% Others - Terms
and Conditions As Per The Agreement |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All Stocks Of
Atta, Maida, Suzi, Raw Material, Finished Goods, Stock In Process And Receivables
Lying In Factory Godown, Work In Process And Transit Primary Security- Hypothecation Of
Stocks/ Receivables/Stocks Of Raw Material/Finished Goods/Stock In Process,
Collateral Security- 1. Equitable
Mortgage Of Plot No. 386, Industrial Area, Phase-1, Panchkula 2. Land Measuring
12 Bigha At Ram Nagar, Near Banur Personal
Guarantee- 1. Mr. Brij
Bhushan 2. Mr. Rakesh
Kumar |
|
Date of
instrument modifying the charge |
01.06.2007 |
|
Particulars of
the present modification |
Enhancement Of Existing
Limit From Rs. 50.000 millions To Rs. 80.000 millions. |
FIXED ASSETS :
- Land
- Building
- Building
Flour Mill
- Plant and
Machinery
- Truck
- Vehicles
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.44.72 |
|
|
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.72 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
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.