MIRA
INFORM REPORT
|
Report Date : |
26.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
BABBAR WRECKERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
75, Rani Jhansi Road, New Delhi – 110055 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
09.12.1994 |
|
|
|
|
Com. Reg. No.: |
55 – 63339 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.387 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1994PTC063339 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELB06553B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB5432A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Wrecker Equipment, Recovery Van and Water Bowser. |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
continuous dip in the turnover of the company from last two year. 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 caution.
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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 : |
Ms. Jyoti |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-11-28115071 |
|
Date : |
24.11.2011 |
LOCATIONS
|
Registered Office : |
75, Rani Jhansi Road, New Delhi – 110055, India |
|
Tel. No.: |
91-11-23528416/ 28115071 |
|
Fax No.: |
91-11-23553066 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office : |
B-11, Myapuri Industrial Area, Phase- 1, New Delhi – 110064, India |
|
Tel. No.: |
91-11-28117120 / 28115071 / 28116026 |
|
Fax No.: |
91-11-28114999 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
44KM, Delhirohak Road, NH-10 Rohad, Distt. Jhattar, Haryana |
|
Tel. No.: |
91-1276-275496/ 278497 |
|
Fax No.: |
91-1276-278497 |
|
Location : |
Owned |
DIRECTORS
(AS ON 31.03.2010)
|
Name : |
Mr. Naresh Babbar |
|
Designation : |
Director |
|
Address : |
14/84, Punjab Bagh West, |
|
Date of Birth/Age : |
02.09.1967 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.01.1996 |
|
DIN No.: |
02573711 |
|
|
|
|
Name : |
Mrs. Deepika Babbar |
|
Designation : |
Director |
|
Address : |
14/84, Punjab Bagh West, |
|
Date of Birth/Age : |
29.09.1969 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.07.1999 |
|
DIN No.: |
02567449 |
KEY EXECUTIVES
|
Name : |
Ms. Jyoti |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2009)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Sahdev Prabha Prem |
|
1000 |
|
Naresh Babbar |
|
235500 |
|
Deepika Babbar |
|
202200 |
|
|
|
|
|
Total |
|
438700 |
(AS ON 30.09.2009)
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Wrecker Equipment, Recovery Van and Water Bowser. |
|
|
|
|
Products : |
·
Mechanical
Wreckers
·
Hydraulic
Wreckers
·
Platform
Trucks
·
Troop
Carriers
·
Load
Carriers
·
Water
Bowser Tanks
·
Water
Tanks
·
Other
Products: Gear Boxes and winches, Power Take Off (PTO), Oil Tankers, Tippers
and Dumpers, Trailors, etc. |
|
|
|
|
Exports : |
|
|
Products : |
Crane |
|
Countries : |
· Nepal · Sri Lanka |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
10 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
The Jammu and Kashmir Bank Limited, 2121/2122 Bahadurgarh Road, Sadar Bazar, New Delhi – 110006, India · HDFC Bank, Mayapur, Delhi, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sanjay Chitra and Company Chartered Accountant |
|
Address : |
8, Ram Nagar, |
|
Pan No.: |
AAHPJ7055K |
|
Tel No.: |
91-11-23544231 |
|
Mobile No.: |
91-9810624231 |
|
PAN No.: |
AAHPJ7015K |
CAPITAL STRUCTURE
(AS ON 31.03.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Share |
Rs.10/- Each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
438700 |
Equity Share |
Rs.10/- Each |
Rs.4.387
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
4.387 |
4.387 |
4.387 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
20.955 |
20.304 |
18.549 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
25.342 |
24.691 |
22.936 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
25.766 |
31.770 |
36.388 |
|
|
2] Unsecured Loans |
0.200 |
1.330 |
0.998 |
|
|
TOTAL BORROWING |
25.966 |
33.100 |
37.386 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
51.308 |
57.791 |
60.322 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
16.196 |
18.028 |
18.205 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
21.472
|
22.960 |
23.416 |
|
|
Sundry Debtors |
14.081
|
14.171 |
13.546
|
|
|
Cash & Bank Balances |
0.294
|
0.451 |
1.067
|
|
|
Other Current Assets |
0.676
|
5.792 |
2.671
|
|
|
Loans & Advances |
2.185
|
4.684 |
9.526
|
|
Total
Current Assets |
38.708
|
48.058 |
50.226 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
1.090
|
6.737 |
5.002
|
|
|
Other Current Liabilities |
2.223
|
0.560 |
1.929
|
|
|
Provisions |
0.305
|
1.020 |
1.200 |
|
Total
Current Liabilities |
3.618
|
8.317 |
8.131 |
|
|
Net Current Assets |
35.090
|
39.741 |
42.095 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.022 |
0.022 |
0.022 |
|
|
|
|
|
|
|
|
TOTAL |
51.308 |
57.791 |
60.322 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
26.458 |
57.368 |
61.186 |
|
|
|
Other Income |
2.764 |
2.905 |
2.416 |
|
|
|
TOTAL |
29.222 |
60.273 |
63.602 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
12.456 |
43.300 |
|
|
|
|
Electricity and Water Expenses |
0.242 |
0.404 |
|
|
|
|
Job Works, Labour Charges and Fabrications Charges |
1.635 |
0.481 |
|
|
|
|
Wages, Salaries and Staff Compensation |
2.203 |
0.947 |
54.047 |
|
|
|
Directors Remuneration |
1.560 |
1.560 |
|
|
|
|
Insurance Charges |
0.218 |
0.464 |
|
|
|
|
Repairs and Maintenance |
0.296 |
0.336 |
|
|
|
|
Audit Fees |
0.050 |
0.050 |
|
|
|
|
Other Expenses |
3.588 |
3.748 |
|
|
|
|
TOTAL |
22.248 |
51.290 |
54.047 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
6.974 |
8.983 |
9.555 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
3.747 |
3.673 |
3.170 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.227 |
5.310 |
6.385 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.245 |
2.554 |
2.516 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.982 |
2.756 |
3.869 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
1.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
0.982 |
2.756 |
2.669 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.24 |
6.28 |
6.08 |
|
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
8.000 |
|
|
(Due to tenders
approved from last two years.) |
||
The above information has been parted by Ms. Jyoti
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
3.36
|
4.57 |
420 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.71
|
4.80 |
6.32 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.79
|
4.17 |
5.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.11 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.17
|
1.68 |
1.98 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
10.70
|
5.78 |
6.18 |
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
|
|
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
Yes |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
-------- |
|
No. of Employees |
Yes |
|
Name of Person Contacted |
Yes |
|
Designation of Contact person |
Yes |
|
Turnover of Firm for last three years |
Yes |
|
Profitability for last three years |
No |
|
Reasons for variation <> 20% |
Yes |
|
Estimation for coming financial year |
No |
|
Capital in the business |
Yes |
|
Details of sister concerns |
-------- |
|
Major Suppliers |
No |
|
Major Customers |
Yes |
|
Payments Terms |
Yes |
|
Export/ Imports Details (If applicable) |
Yes |
|
Market Information |
-------- |
|
Litigations that the firm/ Promoters Involved in |
-------- |
|
Banking details |
Yes |
|
Banking Facility Details |
No |
|
Conduct of the Banking Account |
-------- |
|
Buyer visit details |
-------- |
|
Financials, if provided |
No |
|
Incorporation details is applicable |
-------- |
|
Last Accounts filed at ROC |
-------- |
|
Major Shareholders, if available |
-------- |
TRADE REFERENCE:
· Indian Army
· Fire Brigades
Form: 8
|
Corporate
identity number of the company |
U74899DL1994PTC063339 |
|
Name of the
company |
BABBAR WRECKERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
75, Rani Jhansi Road, New Delhi – 110055, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Book Debts |
|
Particular of
charge holder |
The Jammu and Kashmir Bank Limited, Sadar Bazar, New Delhi – 110 006, India E-mail: sanjaychitra_fca@yahoo.com |
|
Nature of
description of the instrument creating or modifying the charge |
Loan Agreement |
|
Date of
instrument Creating the charge |
23.09.2009 |
|
Amount secured by
the charge |
Rs.2.500 Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 14.25% Terms of
Repayment As per agreement Margin As per agreement Extent and
Operation of the charge As per agreement |
|
Short particulars
of the property charged |
Equitable
mortgage of property land measuring 24 Kanals Comprising of: 1.16 Kanals
Falling in Khewat No.247, Mustatil Killa No.154/25/2 (0-9),
180/5(8-0)180/7(0-6) situated at Village Rohad. Tehsil Bahadur
Garh, Haryana Along with all standing construction thereon, 2.8 Kanals
falling in Khewat No.280 Min. Mustatil Killa No.180/15(8-0)situated at village
Rohad, Tehsil Bahadur Garh, Haryana along Third Party
Gurantee (1) Naresh Babbar S/O Peshori Lal Babbar and (2) Deepika Babbar W/o
Sh. Naresh Babbar Both R/O 14/84 West Punjabi Bagh New Delhi – 110026,
India |
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.52.16 |
|
|
1 |
Rs.80.64 |
|
Euro |
1 |
Rs.69.42 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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.