MIRA
INFORM REPORT
|
Report Date : |
20.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
DPD INDUSTRIES LIMITED |
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Registered
Office : |
Moti Bazar, Outside Hire Mandi, Ferozepur– 152002, Punjab |
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Country : |
India |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
20.11.2009 |
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Com. Reg. No.: |
16-033380 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.700 Million |
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CIN No.: [Company Identification
No.] |
U15400PB2009PLC033380 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
AMRD12268E |
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PAN No.: [Permanent Account No.] |
AACD3945P |
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Legal Form : |
A closely held public limited liability company. |
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Line of Business
: |
Processing of Rice and Exporting. |
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No. of Employees
: |
125 (In Office) (Approximatly) |
RATING & COMMENTS
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MIRA’s Rating : |
B (28) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 2800 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a successor of D.P.D. Industries, a partnership concern
started in the year 2004. Trade relations are reported as fair. Business is active. Payments terms
are unknown. The company can be considered for business dealings with some caution.
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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. Devender Dhawan |
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Designation : |
Director |
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Contact No.: |
91-9815621793 |
|
Date : |
08.06.2011 |
LOCATIONS
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Registered Office : |
Moti Bazar, Outside Hire Mandi, Ferozepur– 152002, Punjab, India |
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Tel. No.: |
91-1632-224442 |
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Mobile No.: |
91-9815621793 (Mr. Devender Dhawan) |
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Fax No.: |
91-1632-228843 |
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E-Mail : |
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Website : |
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Area : |
158 Sq. mtrs |
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Location : |
Owned |
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Factory : |
Village Sodha Wala Mallan Wala Road, Ferozepur – 152002, Punjab, India
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Area : |
4 Acres |
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Location : |
Owned |
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Branch Offices : |
‘D’ Mall, Pithampura, New Delhi, India |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Deveder Pal Dawan |
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Designation : |
Director |
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Address : |
Ferozepur, Punjab, India |
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Date of Appointment : |
Since Incorporation |
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Din No.: |
02784086 |
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Name : |
Mr. Surinder Pal Dhawan |
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Designation : |
Director |
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Address : |
Ferozepur, Punjab, India |
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Date of Appointment : |
Since Incorporation |
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Din No.: |
02784106 |
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Name : |
Mr. Sarbjeet Dhawan |
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Designation : |
Director |
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Address : |
Ferozepur, Punjab, India |
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Date of Appointment : |
Since Incorporation |
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Din No.: |
02784098 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Davinder Pal Dhawan |
|
10000 |
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Surinder Pal Dhawan |
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10000 |
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Kusum Dhawan |
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10000 |
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Suman Dhawan |
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10000 |
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Sarbjeet Dhawan |
|
10000 |
|
Anika Dhawan |
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10000 |
|
Ashim Gupta |
|
10000 |
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Total |
|
70000 |
AS ON 30.09.2010
|
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 : |
Processing of Rice and Exporting. |
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Exports : |
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Countries : |
Dubai |
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Imports : |
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Products : |
Machinery |
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Countries : |
England |
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Terms : |
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Selling : |
Cash, Credit (30 days, 60 days) |
GENERAL INFORMATION
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Customers : |
·
Wholesalers ·
Retailers |
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No. of Employees : |
125 (In Office) (Approximately) |
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Bankers : |
State Bank Of
India, Mochi Bazar, Guru Ravi Dass Bazar, Ferozepur City, Punjab – 152002,
India |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Varinder Mohan Singhal Chartered Accountant |
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Address : |
Dharampura Street, Ferozepur – 152002, Punjab, India |
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Sister Concern : |
·
DPD Traders (Proprietorship ) ·
DPD Company ·
DPD Sons (Proprietorship) ·
DPD College of Higher Education ·
DPD Senior Secondary School |
CAPITAL STRUCTURE
AS ON 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
70000 |
Equity Shares |
Rs.10/- each |
Rs.0.700
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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|
0.700 |
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2] Share Application Money |
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|
0.000 |
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3] Reserves & Surplus |
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|
0.000 |
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4] (Accumulated Losses) |
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|
0.000 |
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NETWORTH |
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0.700 |
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LOAN FUNDS |
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1] Secured Loans |
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|
0.000 |
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2] Unsecured Loans |
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|
0.158 |
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TOTAL BORROWING |
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|
0.158 |
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DEFERRED TAX LIABILITIES |
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|
0.000 |
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TOTAL |
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0.858 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.000 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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0.000 |
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Cash & Bank Balances |
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0.000 |
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Other Current Assets |
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0.685 |
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Loans & Advances |
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0.000 |
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Total
Current Assets |
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0.685 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Other Current Liabilities |
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0.000 |
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Provisions |
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|
0.000 |
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Total
Current Liabilities |
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0.000 |
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Net Current Assets |
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0.685 |
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MISCELLANEOUS EXPENSES |
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0.173 |
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TOTAL |
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0.858 |
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Particulars |
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|
31.03.2011 |
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Sales Turnover (Approximately) |
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|
500.000 |
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The above information has been parted by Mr. Devendra Dhawan.
KEY RATIOS
|
PARTICULARS |
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|
31.03.2010 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.22 |
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Current Ratio (Current Asset/Current Liability) |
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0.00 |
LOCAL AGENCY FURTHER INFORMATION
WORKING RESULTS :
The company has preferred very well as far as manufacturing and trading
activities are concerned. The sale of company in the previous year has been
increased
FUTURE PROSPECTUS
:
The company has bright future prospectus.
FORM : 8
|
Corporate identity number of the company |
U15400PB2009PLC033380 |
|
Name of the company |
DPD INDUSTRIES LIMITED |
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Address of the registered office or of the
principal place of business in |
Moti Bazar, Outside Hira Mandi, Ferozepur
– 152002, Punjab, INDIA |
|
This form is for |
Creation of charge |
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Type of charge |
Others |
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Particular of charge holder |
State Bank Of India, Mochi Bazar, Guru Ravi
Dass Bazar, Ferozepur City, Punjab – 152002, India |
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Nature of instrument creating charge |
CC limit = 120.000 millions Term loan-I =
90.000 millions Term Loan-II = 30.000 millions Term Loan-III = 850.000 millions Term Loan-IV = 420.000 millions |
|
Date of instrument Creating the charge |
26/05/2011 |
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Amount secured by the charge |
Rs. 133.900 millions |
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Brief of the principal terms an conditions
and extent and operation of the charge |
Rate
of interest Working Capital= Base Rate (9.25%)+7.50%=16.75% Term Loan= Base Rate (9.25%)+0.75%= 10% Terms
of repayment Working Capital= 120.000 millions Term loan will be replayed in Equated
installments. Margin 25% Extent
and operation of the charge Primary Security is Stocks of Rice and paddy. Other
Nil |
|
Short particulars of the property charged
(Including location of the property) |
Stocks of Rice and Paddy |
TRADE REFERENCES :
·
Bhavesh International –
Mumbai
·
Panna Agro
·
KRBL
·
Tilda
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 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. 44.99 |
|
|
1 |
Rs. 72.59 |
|
Euro |
1 |
Rs. 64.01 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
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.