1. Summary Information
|
|
|
Country |
|
|
Company Name |
SKH SHEET METAL COMPONENTS PRIVATE LIMITED |
Principal Name 1 |
Mr. Ram Natrajan |
|
Status |
Moderate |
Principal Name 2 |
Mr. N. C. Khosla |
|
|
|
Registration # |
17-20833 |
|
Street Address |
229, |
||
|
Established Date |
30.05.2005 |
SIC Code |
-- |
|
Telephone# |
--- |
Business Style 1 |
Right Hand |
|
Fax # |
--- |
Business Style 2 |
Left Hand Door |
|
Homepage |
--- |
Product Name 1 |
--- |
|
# of employees |
--- |
Product Name 2 |
--- |
|
Paid up capital |
10000 |
Product Name 3 |
--- |
|
Shareholders |
11990000 |
Banking |
Axis Bank Limited |
|
Public Limited Corp. |
-- |
Business Period |
6 years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
Ca
(14) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2009 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
18,800,000 |
Current Liabilities |
22,157,000 |
|
Inventories |
7,620,000 |
Long-term Liabilities |
75,898,000
|
|
Fixed Assets |
12,833,000 |
Other Liabilities |
---- |
|
Deferred Assets |
--- |
Total Liabilities |
98,055,000 |
|
Invest& other Assets |
51,762,000 |
Retained Earnings |
--- |
|
|
|
Net Worth |
(7,040,000) |
|
Total Assets |
91,015,000 |
Total Liab. & Equity |
91,015,000 |
|
Total Assets (Previous Year) |
22,000 |
|
|
|
P/L Statement as of |
31.03.2009 |
(Unit: Indian Rs.) |
|
|
Sales |
12,150,000 |
Net Profit |
(7,140,000) |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
NA |
MIRA INFORM
REPORT
|
Report Date : |
17.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
SKH SHEET METALS COMPONENTS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
VIVID SHEET METALS COMPONENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
229, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2009 |
|
|
|
|
Date of
Incorporation : |
30.05.2005 |
|
|
|
|
Com. Reg. No.: |
17-20833 |
|
|
|
|
CIN No.: [Company Identification No.] |
U50300RJ2005PTC020833 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES23784F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCVO528K |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer of Automobile Sheet Metal Components, Right Hand, Left
Hand Door, Bonnet |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a company having moderate track. There appears huge
accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings on a secured 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 : |
229, |
|
E-Mail : |
|
|
Tel No: |
Not Available |
|
Fax No: |
Not Available |
|
|
|
|
Factory: |
Gat No.542/8544, Shirut Taluka, Ranjangaon, Pune-412 220, |
|
Tel No.: |
91-2138-675401 |
|
|
|
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Ram Natrajan |
|
Designation : |
Director |
|
Address : |
A-38, South city, Gurgaon-122 001, |
|
Date of Birth/Age : |
07.04.1956 |
|
Date of Appointment : |
22.09.2009 |
|
|
|
|
Name : |
Mr. N. C. Khosla |
|
Designation : |
Director |
|
Address : |
785, Sector-17, Gurgoan, |
|
Date of Birth/Age : |
05.10.1942 |
|
Date of Appointment : |
27.03.2008 |
|
|
|
|
Name : |
Mr. Sanjay Kohli |
|
Designation : |
Director |
|
Address : |
24-A, DDA Flats, Ber Sarai, |
|
Date of Birth/Age : |
03.06.1976 |
|
Date of Appointment : |
16.02.2008 |
|
|
|
|
Name : |
Mr. Parvesh Soni |
|
Designation : |
Additional Director |
|
Address : |
2248, Sector 8, |
|
Date of Birth/Age : |
04.07.1963 |
|
Date of Appointment : |
22.09.2009 |
|
|
|
|
Name : |
Mr. Ram Natarajan |
|
Designation : |
Additional Director |
|
Address : |
AC-38, |
|
Date of Birth/Age : |
07.04.1956 |
|
Date of Appointment : |
22.09.2009 |
|
|
|
|
Name : |
Mr. Raman Sawhney |
|
Designation : |
Additional Director |
|
Address : |
8/40, Punjabi Bagh, |
|
Date of Birth/Age : |
13.10.1950 |
|
Date of Appointment : |
22.09.2009 |
|
|
|
|
Name : |
Mr. Ajay Kumar Bedi |
|
Designation : |
Director |
|
Address : |
176 Deerwood Chase, Unitech Nirvana Country, Sector – 50, Gurgaon,
122001, |
|
Date of Appointment : |
09.09.2010 |
|
|
|
|
Name : |
Mr. Ashok KApur |
|
Designation : |
Director |
|
Address : |
B – 5, Chiraag Enclave, |
|
Date of Birth/Age : |
24.06.1946 |
|
Date of Appointment : |
22.09.2009 |
|
|
|
|
Name : |
Mr. Sunandan Kapur |
|
Designation : |
Director |
|
Address : |
B – 5, Chiraag Enclave, |
|
Date of Birth/Age : |
21.08.1974 |
|
Date of Appointment : |
16.02.2008 |
|
|
|
|
Name : |
Mr. Hemant Nagpal |
|
Designation : |
Director |
|
Address : |
C – 4-E/8/99, Janak Puri, |
|
Date of Birth/Age : |
27.04.1963 |
|
Date of Appointment : |
12.04.2006 |
|
|
|
|
Name : |
Mrs. Anita Nagpal |
|
Designation : |
Director |
|
Address : |
C – 4-E/8/99, Janak Puri, |
|
Date of Appointment : |
12.04.2006 |
|
|
|
|
Name : |
Mr. Gurupreet Singh |
|
Designation : |
Director |
|
Address : |
1140, Sector – 9, |
|
Date of Birth/Age : |
21.06.1960 |
|
Date of Appointment : |
16.02.2008 |
|
|
|
|
Name : |
Mr Raman Sawhney |
|
Designation : |
Director |
|
Address : |
8/40, Punjabi Bagh, |
|
Date of Birth/Age : |
13.10.1950 |
|
Date of Appointment : |
04.09.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Suave
Infrastructure Private Limited, Jaipur |
|
2600 |
|
Chorus Infrastructure Private Limited, Jaipur |
|
4900 |
|
Ripple Infrastructure Private Limited, Jaipur |
|
2500 |
|
Mr. Ashok Kapur |
|
11990000 |
|
|
|
|
|
Total |
|
12000000 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
0.08 |
|
Other top fifty shareholders |
|
99.92 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Automobile Sheet Metal Components, Right Hand, Left
Hand Door, Bonnet |
GENERAL INFORMATION
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Baweja and Kaul Chartered Accountants |
|
Address : |
306, Corporate Towers, 85-A, Zamrudpur, Greater Kailash Part -1, New
Delhi – 110048, India |
CAPITAL STRUCTURE
As on 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- Each |
Rs.0.100 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 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(7.140) |
0.000 |
0.000 |
|
|
NETWORTH |
(7.040) |
0.100 |
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
75.374 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.524 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
75.898 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
68.858 |
0.100 |
0.100 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
12.833 |
0.000 |
0.000 |
|
|
Capital work-in-progress |
14.202 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Preoperative Expenses (Pending allocation to Fixed Assets) |
4.980 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
32.575 |
0.075 |
0.075 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7.620
|
0.000 |
0.000 |
|
|
Sundry Debtors |
8.259
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
2.383
|
0.005 |
0.009 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
8.158
|
0.000 |
0.000 |
|
Total
Current Assets |
26.420
|
0.005 |
0.009 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
20.565
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
0.590
|
0.017 |
0.014 |
|
|
Provisions |
1.002
|
0.000 |
0.000 |
|
Total
Current Liabilities |
22.157
|
0.017 |
0.014 |
|
|
Net Current Assets |
4.263
|
(0.012) |
(0.005) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.008 |
0.037 |
0.030 |
|
|
|
|
|
|
|
|
TOTAL |
68.858 |
0.100 |
0.100 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
12.112 |
0.000 |
0.000 |
|
|
|
Other Income |
0.038 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
12.150 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Audit Fees |
|
0.003 |
0.004 |
|
|
|
Legal and Professional Charges |
18.478 |
0.002 |
0.000 |
|
|
|
Filling fees |
|
0.002 |
0.007 |
|
|
|
TOTAL (B) |
18.478 |
0.007 |
0.011 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(6.328) |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.001 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(6.329) |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.148 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(6.477) |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.663 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(7.140) |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(7.14) |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
(58.77)
|
NA |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(52.25)
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
|
(24.51)
|
(1.4) |
(1.22) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.92)
|
(0.07) |
(0.11) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
(3.14)
|
0.17 |
0.014 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19
|
0.29 |
0.64 |
LOCAL AGENCY FURTHER INFORMATION
Performance
Review:
The performance of the company has been satisfactory and the company has
made a total sales (net of excise) of Rs.12.112 millions during the year but as
the company has started its manufacturing operations from 21st
October, 2008, its fixed and variable expenditure was exceeded the income
earned by the company. However they are hopeful that the company will achieve the
desired level of profit in the next year to cover the loss of the previous year
as well as the expenditure of the current year.
Note: Registered office
address of the company has been shifted from G1 – 5, Sector – II, Jeevan
Suraksha Vidhyadhar Nagar, Jaipur,
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U50300RJ2005PTC020833 |
|
Name of the
company |
SKH SHEET METALS
COMPONENTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
229, |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Axis Bank Ltd.,
4/10, Opg House, Asaf Ali Road, New Delhi, Delhi- 110002, India |
|
Nature of
description of the instrument creating or modifying the charge |
Deed Of
Hypothecation Of Machinery And Other Movable Fixed Assets. Deed Of
Hypothecation Of Current Assets (Stocks And Book Debts). |
|
Date of
instrument Creating the charge |
24.01.2011 |
|
Amount secured by
the charge |
Rs.160.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As Per Sanction
Letter No. Axisb/Mc-1/Del/Sk/404 Dated 19.01.2011 To Be Amended From Time To
Time. Terms of
Repayment As Per Sanction
Letter No. Axisb/Mc-1/Del/Sk/404 Dated 19.01.2011 To Be Amended From Time To
Time. Margin As Per Sanction Letter
No. Axisb/Mc-1/Del/Sk/404 Dated 19.01.2011 To Be Amended From Time To Time. Extent and
Operation of the charge Extent &
Operation - 100% Others The Above Is To
Secure Term Loan. |
|
Short particulars
of the property charged |
1) Hypothecation
By Way Of First And Exclusive Charge Over All Present & Future Movable
Fixed Assets Of The Company And Second Charge By Hypothecation Of All Present
And Future Current Assets Of The 2) Company Stored
Or To Be Stored At The Company's Godowns Or Premises Or Wherever Else The
Same May Be. |
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.45.18 |
|
|
1 |
Rs.72.58 |
|
Euro |
1 |
Rs.63.13 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
14 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.