MIRA
INFORM REPORT
|
Report Date : |
30.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHANKAR LAL RAMPAL DYE – CHEM. PRIVATE LIMITED |
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Registered
Office : |
S.G. 2730, Suwana, Bhilwara – 311001, Rajasthan |
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Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
19.09.2005 |
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Com. Reg. No.: |
17-021340 |
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Capital
Investment / Paid-up Capital : |
Rs.13.103 Millions |
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|
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CIN No.: [Company Identification
No.] |
U24114RJ2005PTC021340 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JDHS06631C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader, exporter and Dyes Chemical |
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No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 220000 |
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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 records.
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
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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Sushil |
|
Designation : |
Import Manager |
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Contact No.: |
91-9829048050 |
|
Date : |
28.11.2011 |
LOCATIONS
|
Registered Office : |
S.G. 2730, Suwana, Bhilwara – 311001, Rajasthan, India |
|
Tel. No.: |
91-1482-257340 / 257339 |
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Mobile No.: |
91-9829048050 (Mr. Sushil ) |
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Fax No.: |
Not Available |
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E-Mail : |
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|
Location : |
Owned |
DIRECTORS
AS ON 22.09.2011
|
Name : |
Mr. Inani Rampal |
|
Designation : |
Director |
|
Address : |
31/ 165, Manikya Nagar, Bhilwara – 311001, Rajasthan, India |
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Date of Birth/Age : |
15.07.1965 |
|
Date of Appointment : |
19.09.2005 |
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DIN No.: |
00480021 |
|
Name : |
Mrs. Ganga Devi Inani |
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Designation : |
Director |
|
Address : |
31/ 165, Manikya Nagar, Bhilwara – 311001, Rajasthan, India |
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Date of Birth/Age : |
2nd Feb |
|
Date of Appointment : |
19.09.2005 |
|
DIN No.: |
00480006 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 22.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Rampal Inani |
|
82100 |
|
Ganga Devi Inani |
|
75520 |
|
Oasis Capital Private Limited, India |
|
491620 |
|
Sushil Kumar Inani |
|
126000 |
|
Vinod Kumar Inani |
|
124000 |
|
Dinesh Chandra Inani |
|
130000 |
|
Jagdish Chandra Inani |
|
130660 |
|
Mamta Inani |
|
120000 |
|
Sheelo Inani |
|
30400 |
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|
|
|
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Total |
|
1310300 |
AS ON 22.09.2011
|
Equity Shares
Break Up |
Percentage |
|
|
|
|
Bodies corporate |
37.52 |
|
Directors or relatives of Directors |
62.48 |
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|
|
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of Dye’s Chemical |
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Exports : |
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Products : |
Will Start Soon |
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Imports : |
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Products : |
Dye’s Chemical |
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Countries : |
·
Germany ·
Italy ·
China ·
Taiwan |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
ICICI Bank Limited , Landmarkrace, Corce Circle, Mumbai, Maharashtra,
India |
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Facilities : |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
Kalani and Company Chartered Accountant |
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Address : |
Om Textile Tower, Pur Road, Bhilwara – 311001, Rajasthan, India |
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Tel. No.: |
91-1482-241501-02-03 |
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Email : |
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Pan No.: |
AABFK0738Q |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1310300 |
Equity Shares |
Rs.10/- each |
Rs.13.103
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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|
SHAREHOLDERS FUNDS |
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|
|
|
|
1] Share Capital |
13.103 |
13.103 |
10.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
42.576 |
41.950 |
36.811 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
55.679 |
55.053 |
46.811 |
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LOAN FUNDS |
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1] Secured Loans |
6.198 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
2.105 |
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TOTAL BORROWING |
6.198 |
0.000 |
2.105 |
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DEFERRED TAX LIABILITIES |
0.057 |
0.052 |
0.035 |
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TOTAL |
61.934 |
55.105 |
48.951 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.787 |
0.798 |
0.745 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
10.150 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
15.784
|
20.964 |
11.797 |
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Sundry Debtors |
44.514
|
24.090 |
19.786 |
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|
Cash & Bank Balances |
1.097
|
7.710 |
3.282 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
1.751
|
2.795 |
7.588 |
|
Total
Current Assets |
63.146
|
55.559 |
42.453 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
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|
Sundry Creditors |
1.715
|
0.849 |
4.175 |
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Other Current Liabilities |
0.284
|
0.280 |
0.220 |
|
|
Provisions |
0.000
|
0.123 |
0.001 |
|
Total
Current Liabilities |
1.999
|
1.252 |
4.397 |
|
|
Net Current Assets |
61.147
|
54.307 |
38.056 |
|
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|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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|
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|
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TOTAL |
61.934 |
55.105 |
48.951 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
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|
SALES |
|
|
|
|
|
|
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Product Value |
167.899 |
116.360 |
101.169 |
|
|
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Other Income |
0.032 |
0.648 |
0.163 |
|
|
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TOTAL |
167.931 |
117.008 |
101.332 |
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Less |
EXPENSES |
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|
|
|
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Operating Expenses |
166.922 |
116.058 |
101.180 |
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TOTAL |
166.922 |
116.058 |
101.180 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.009 |
0.950 |
0.152 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.103 |
0.094 |
0.083 |
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PROFIT BEFORE
TAX |
0.906 |
0.856 |
0.069 |
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Less |
TAX |
0.280 |
0.277 |
0.028 |
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PROFIT AFTER TAX
|
0.626 |
0.579 |
0.041 |
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Earnings Per
Share (Rs.) |
0.48 |
0.44 |
0.04 |
|
The above information has been parted by Mr. Sushil .
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.37
|
0.49 |
0.04 |
|
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|
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|
Net Profit Margin (PBT/Sales) |
(%) |
0.53
|
0.73 |
0.06 |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.41
|
1.51 |
0.15 |
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.01 |
0.00 |
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|
Debt Equity Ratio (Total Liability/Networth) |
|
0.14
|
0.02 |
0.13 |
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|
Current Ratio (Current Asset/Current Liability) |
|
31.58
|
44.37 |
9.65 |
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. Constructions of the firm |
Yes |
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4. Premises details |
Yes |
|
5. Type of Business |
Yes |
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6. Line of Business |
Yes |
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7. Promoter’s background |
----------- |
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8. No. of Employees |
Yes |
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9. Name of person contacted |
Yes |
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10. Designation of contact person |
Yes |
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11. Turnover of firm for last three years |
Yes |
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12. Profitability for last three years |
No |
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13. Reasons for variation <> 20% |
No |
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14. Estimation for coming financial year |
No |
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15. Capital in the business |
No |
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16. Details of sister concerns |
No |
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17. Major suppliers |
No |
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18. Major customers |
No |
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19. Payments terms |
Yes |
|
20. Export / Import details |
Yes |
|
21. Market information |
------- |
|
22. Litigations that the firm / promoter involved |
------ |
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23. Banking Details |
Yes |
|
24. Banking facility details |
No |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
No |
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28. Incorporation details, if applicable |
------ |
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29. Last accounts filed at ROC |
------ |
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30. Major Shareholders, if available |
------ |
FINANCE :
The directors have also pleasure to inform that the company is running
its activities without taking any borrowing from financial institution
OPERATIONS :
The company is occurring profit from last two year and the company is on
continues path of improvement. The cash profit during the year is Rs. 1.009
millions as against cash profit of Rs. 0.950 millions in the previous year.
FORM 8
|
Corporate identity
number of the company |
U24114RJ2005PTC021340 |
|
Name of the
company |
SHANKAR LAL
RAMPAL DYE-CHEM PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
S.G. 2730,
Suwana, Bhilwara – 311001, Rajasthan, INDIA |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Others |
|
Particular of
charge holder |
ICICI Bank
Limited, Landmarkrace Cource Circle, Alkapuri, Baroda – 390015, Gujarat,
India |
|
Nature of
instrument creating charge |
Hypothecation of
Goods to Secure a demand cash credit Hypothecation of
Books Debts |
|
Date of
instrument Creating the charge |
28/03/2011 |
|
Amount secured by
the charge |
Rs. 10.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest At 4.75% above
IBR i.e. 13.50% p.a. exclusive of 1% processing charges (Total cost 14.50% p.a.
chargeable at monthly rests, subject to changes by RBI/Bank from time to
time. Terms of repayment As per Agreement Margin 25% of Stock:
Invoice value less discount, if any, or market value. whichever is lower (on
raw-material in case of industrial /SSI Unit)
50% of Book Debts Extent and operation of the charge Cash Credit limit for Rs. 10.000 millions Other Nil |
|
Short particulars
of the property charged (Including location of the property) |
First charge over
entire stocks, consisting of all types of dyes, chemicals, and other current
Assets of the Company. Hypothecation of
entire Book Debts of the Borrower. Collateral
Security: Mr. Ram Pal Inani( Director) - Resedential Plot Area 3471 sq. ft.
Address: 8 C 18, R.C. Vyas Bhilwara. Personal/Corporate
Guarantees of : !) Ram Pal Inani 2) Oasis Capital
(Private) Limited. |
FIXED ASSETS :
·
Office equipments
·
Vehicles
·
Computer
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] 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. 51.98 |
|
|
1 |
Rs. 80.58 |
|
Euro |
1 |
Rs. 69.12 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
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 |
|
29 |
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.