BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
UNI COM INDIA
PRIVATE LIMITED |
Principal Name 1 |
Mr. Surinder Kumar Chopra |
|
Status |
NEW COMPANY |
Principal Name 2 |
MR. HEMANT WADHAWA |
|
|
|
Registration # |
032528 |
|
Street Address |
51, SHEED UDHAM SINGH NAGAR, JALANDHAR – 144 001, |
||
|
Established Date |
12.01.2009 |
SIC Code |
-- |
|
Telephone# |
91-172-5052409 |
Business Style 1 |
Deler |
|
Fax # |
- |
Business Style 2 |
- |
|
Homepage |
- |
Product Name 1 |
MOBILE PHONES |
|
# of employees |
60
(Approximately) |
Product Name 2 |
- |
|
Paid up capital |
Rs.10,000,000/- |
Product Name 3 |
- |
|
Shareholders |
Directors – 100% |
Banking |
HDFC BANK |
|
Public Limited Corp. |
NO |
Business Period |
2 YEAR |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
- |
- |
- |
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
107,109,000 |
Current Liabilities |
149,440,000 |
|
Inventories |
76,592,000 |
Long-term Liabilities |
5,200,000 |
|
Fixed Assets |
2,128,000 |
Other Liabilities |
113,000 |
|
Deferred Assets |
0 |
Total Liabilities |
154,753,000 |
|
Invest& other Assets |
7,442,000 |
Retained Earnings |
28,518,000 |
|
|
|
Net Worth |
38,518,000 |
|
Total Assets |
193,271,000 |
Total Liab. & Equity |
193,271,000 |
|
Total Assets (Previous Year) |
98,134,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1,998,496,000 |
Net Profit |
26,362,000 |
|
Sales(Previous yr) |
169,998,000 |
Net Profit(Prev.yr) |
2,406,000 |
MIRA
INFORM REPORT
|
Report Date : |
10.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
UNI COM INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
51, Sheed Udham Singh Nagar, Jalandhar – 144 001, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
12.01.2009 |
|
|
|
|
Com. Reg. No.: |
16 - 032528 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900PB2009PTC032528 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer of a Mobile Phones |
|
|
|
|
No. of Employees : |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 154000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a 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 (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Ashish |
|
Designation : |
Finance Manager |
|
Date : |
07.11.2011 |
LOCATIONS
|
Registered Office : |
51, Sheed Udham Singh Nagar, Jalandhar – 144 001, |
|
Tel. No.: |
91-172-5052409/4017741 |
|
Mobile No.: |
91-9914728000 ( Mr. Hemant Wadhwa) |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
SCO 59/2, 1st Floor, Sector – 45 C, |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Hemant Wadhwa |
|
Designation : |
Director |
|
Address : |
H. No. 1093, Sector 23 – B, |
|
Date of Birth/Age : |
01.04.1966 |
|
Date of Appointment : |
12.01.2009 |
|
DIN No.: |
02144840 |
|
|
|
|
Name : |
Mr. Surinder Kumar Chopra |
|
Designation : |
Director |
|
Address : |
H No. 431, New Jawahar Nagar, Jalandhar – 144 001, Punjab – 144 001, |
|
Date of Birth/Age : |
15.06.1946 |
|
Date of Appointment : |
12.01.2009 |
|
DIN No.: |
02477605 |
|
|
|
|
Name : |
Mr. Harish Dhingra |
|
Designation : |
Director |
|
Address : |
3856, Sector 47 D, |
|
Date of Birth/Age : |
21.02.1959 |
|
Date of Appointment : |
12.01.2009 |
|
DIN No.: |
02477027 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Hemant Wadhwa |
|
414800 |
|
Surinder Kumar Chopra |
|
5200 |
|
Harish Dhingra |
|
140000 |
|
Total |
|
560000 |
|
|
|
|
|
Preference Share
Holder |
|
|
|
Harish Dhingra |
|
440000 |
|
Total |
|
440000 |
As on 30.09.2010
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer of a Mobile Phones |
|
|
|
|
Products : |
Telecommunications Products including Mobile Phones, Mobile
Accessories, Landline Phones, IT Enables Products, V Sets, Radio Towers,
Laptops and Mobile Accessories |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Suppliers : |
As on 31.03.2009 ·
Samsung ·
Telemart Communication ( ·
·
Shivika Communication Private Limited ·
Sony Furniture ·
·
Telemart Private Limited ·
Muskan Agencies |
||||||||||||
|
|
|
||||||||||||
|
Customers : |
As on 31.03.2009
|
||||||||||||
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|
|
||||||||||||
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No. of Employees : |
60 (Approximately) |
||||||||||||
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||||||||||||
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Bankers : |
|
||||||||||||
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||||||||||||
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Facilities : |
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|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Walia Jasvir and Associates Chartered Accountants |
|
Address : |
C/O Balwant Niwas, |
|
PAN.: |
AAHPW0007A |
|
|
|
|
Associates/Subsidiaries
: |
NIL |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
600000 |
Equity Shares |
Rs.10/- Each |
Rs.6.000 Millions |
|
560000 |
Preference Share |
Rs.10/- Each |
Rs.5.600 Millions |
|
|
Total |
|
Rs.11.600
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
560000 |
Equity Shares |
Rs.10/- Each |
Rs.5.600
Millions |
|
440000 |
Preference Share |
Rs.10/- Each |
Rs.4.400
Millions |
|
|
Total |
|
Rs.10.000 millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
3000.000 |
Expected Sales (2011-2012) : Rs.4000.000 Millions
The above information has been parted by Mr. Ashish (Finance Executive).
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
10.000 |
10.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
28.518 |
2.322 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
38.518 |
12.322 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
7.087 |
|
|
2] Unsecured Loans |
|
5.200 |
3.700 |
|
|
TOTAL BORROWING |
|
5.200 |
10.787 |
|
|
DEFERRED TAX LIABILITIES |
|
0.113 |
0.029 |
|
|
|
|
|
|
|
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TOTAL |
|
43.831 |
23.138 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
2.128 |
0.788 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
7.329 |
3.809 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
76.592 |
49.626 |
|
|
Sundry Debtors |
|
81.142 |
39.429 |
|
|
Cash & Bank Balances |
|
11.221 |
1.704 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
14.746 |
2.627 |
|
Total
Current Assets |
|
183.701 |
93.386 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
133.462 |
73.084 |
|
|
Other Current Liabilities |
|
4.303 |
0.718 |
|
|
Provisions |
|
11.675 |
1.194 |
|
Total
Current Liabilities |
|
149.440 |
74.996 |
|
|
Net Current Assets |
|
34.261 |
18.390 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.113 |
0.151 |
|
|
|
|
|
|
|
|
TOTAL |
|
43.831 |
23.138 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1998.496 |
169.998 |
|
|
|
Other Income |
|
0.488 |
2.502 |
|
|
|
TOTAL (A) |
|
1998.984 |
172.500 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Sales |
|
|
161.816 |
|
|
|
Administrative Expenses |
|
|
0.668 |
|
|
|
Establishment Expenses |
|
|
1.835 |
|
|
|
Selling and Distribution Expenses |
|
|
3.885 |
|
|
|
Auditors Remuneration |
|
|
0.020 |
|
|
|
Expenses Written off |
|
|
0.038 |
|
|
|
TOTAL (B) |
|
1960.767 |
168.262 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
(Including
Financial Expenses) |
4.238 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
0.631 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
38.217 |
3.607 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.180 |
0.007 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
38.037 |
3.600 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
11.675 |
1.194 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
26.362 |
2.406 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
47.07 |
2.32 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
|
1.32 |
1.39 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
1.90 |
2.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
20.47 |
3.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.99 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
4.01 |
6.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.23 |
1.24 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter's background |
-- |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
No |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
-- |
|
16) Details of sister concerns |
-- |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if
applicable) |
-- |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
-- |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
No |
|
28) Incorporation details, if applicable |
-- |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
-- |
PERFORMANCE
The company has registered a boost in its sales which was Rs. 169.998 Millions
in the previous year and the same has reached to Rs. 1998.496 Millions in the
current year registering an increase of 1076%. Other incomes of the company has
also increased to Rs. 0.488 Millions in the current year from Rs. 0.378
Millions of previous year. The company has posted a net profit (after taxes and
depreciation) amounting to Rs. 26.362 Millions during the year ended March
31,2010 as compared to 240.600 Millions of the last year ended March 31,2009.
Paid up capital of the company remains unchanged but due to high
profits, Net Worth of the company has increased to Rs. 38.405 Millions as
against Rs. 12.171 Millions in the previous year. The company expects to shown
even better results during the current financial year.
Form 8:
|
Corporate
identity number of the company |
U72900PB2009PTC032528 |
|
Name of the
company |
UNI COM INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
51, Sheed Udham Singh Nagar, Jalandhar – 144 001, |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10140293 |
|
Type of charge |
Book Debts Movable Property |
|
Particular of charge
holder |
Capital Local Area Bank Limited, Branch Gobind Niwas, |
|
Nature of
instrument creating charge |
Loan – Cum –
Hypothecation Cum Guarantee Agreement |
|
Date of
instrument Creating the charge |
20.12.2010 |
|
Amount secured by
the charge |
Rs. 90.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest BR + 3.75% i.e.
13.75% Terms of
Repayment Repayment on Demand Margin 25% on Stocks and
40% on Book Debts Extent and
Operation of the charge 100 % |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
stocks of all kinds of Mobile Phones, Chargers, Batteries, accessories and
related products and hypothecation of book debts of the party not older than
90 days. |
|
Particulars of
the present modification |
Cash Credit Limit
is Enhanced from Rs. 38.000 Millions to Rs. 58.000 Millions and Bank Guarantee
Remains the Same i.e. Rs. 32.000 Millions |
Fixed Assets
·
Plant and Machinery
·
Computer
·
Fan
·
Projector
·
Air Conditioner
·
Electronic Weighting Machine
·
Office Renovation
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.49.78 |
|
|
1 |
Rs.80.10 |
|
Euro |
1 |
Rs.68.82 |
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 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.