%20PRIVATE%20LIMITED%20-%20156077%2001-Oct-2011_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
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Report Date : |
01.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
RECKERS CONTROL ( |
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Registered
Office : |
Plot No.14, L.G.F. Mandakini, NRI Complex, Greater Kailash
IV, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
16.05.1996 |
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Com. Reg. No.: |
55-078932 |
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Capital
Investment / Paid-up Capital : |
Rs.0.300
million |
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CIN No.: [Company Identification
No.] |
U31200DL1996PTC078932 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELR08996B |
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PAN No.: [Permanent Account No.] |
AABCR3110 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in supply of Allan Bradley make Software and
Peripherals etc. |
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No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 74000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an
established 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.
INFORMATION PARTED BY (General Details)
|
Name : |
Mr. Vinay |
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Designation : |
Accountant |
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Contact No.: |
91-11-29230409 |
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Date : |
30.09.2011 |
LOCATIONS
|
Registered/ Head Office : |
Plot No.14, L.G.F. Mandakini, NRI Complex, Greater Kailash
IV, |
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Tel. No.: |
91-11-26270788/ 26270789 |
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Fax No.: |
91-11-26270788/ 26270789 |
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E-Mail : |
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Website : |
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Corporate Office : |
Plot No.85A, Corporate Tower, Flat No.101 and 102, 1st
Floor, Zamrudpur, |
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Tel. No.: |
91-11-29230408/
29230409 |
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Fax No.: |
91-11-29230408/
29230409 |
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E-Mail : |
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SCO 819, IInd Floor, NAC Manimajra, |
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Tel. No.: |
91-172-2730900 |
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Fax No.: |
91-172-2730900 |
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E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Sandeep Singh |
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Designation : |
Director |
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Address : |
House No.1316, Sector – 15, |
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Date of Birth/Age : |
16.01.1970 |
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Date of Appointment : |
16.05.1996 |
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DIN No.: |
00234841 |
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Other Directorship :
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Name : |
Mr. Krishan Pal Singh |
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Designation : |
Director |
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Address : |
R-176, Sector – 21, Noida, |
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Date of Birth/Age : |
05.06.1967 |
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Date of Appointment : |
16.05.1996 |
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DIN No.: |
00234886 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Vinay |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
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No. of Shares |
|
Sandeep Singh |
|
11950 |
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Krishan Pal Singh |
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11950 |
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Anuj Chaudhary |
|
100 |
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Seema Chaudhary |
|
3000 |
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Ritu Singh |
|
3000 |
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Total |
|
30000 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
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Category |
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in supply of Allan Bradley make Software and
Peripherals etc. |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
L/C, Cash and credit |
GENERAL INFORMATION
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No. of Employees : |
25 (Approximately) |
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Bankers : |
v
Bank of v
ICICI
Bank Limited v
State
Bank of v
ABN
Amro Bank v
Indian
Bank ( v
Indian
Bank ( v
HDFC
Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Agarwal Pradeep and Associates Chartered Accountants |
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Address : |
30/11, 2nd Floor, East Patel Nagar, |
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Tel. No.: |
91-11-25825171 |
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Mobile No.: |
91-9811033260 |
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Income-tax
PAN of auditor or auditor's firm : |
AADPA0709M |
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Related Party : |
Reckers Automation ( |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
30000 |
Equity Shares |
Rs.10/- each |
Rs.0.300
million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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|
|
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1] Share Capital |
0.300 |
0.300 |
0.300 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
18.116 |
15.337 |
12.741 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
18.416 |
15.637 |
13.041 |
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LOAN FUNDS |
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1] Secured Loans |
2.857 |
4.898 |
3.877 |
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2] Unsecured Loans |
2.407 |
3.166 |
1.000 |
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TOTAL BORROWING |
5.264 |
8.064 |
4.877 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
23.680 |
23.701 |
17.918 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.172 |
2.755 |
3.572 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.225 |
0.000 |
0.000 |
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DEFERRED TAX ASSETS |
0.119 |
0.132 |
0.141 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
12.509
|
11.249 |
10.831 |
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Sundry Debtors |
54.160
|
44.385 |
34.287 |
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Cash & Bank Balances |
3.296
|
3.295 |
1.699 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
5.954
|
6.735 |
2.491 |
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Total
Current Assets |
75.919
|
65.664 |
49.308 |
|
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Less : CURRENT
LIABILITIES & PROVISIONS |
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|
|
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Sundry Creditors |
52.703
|
42.665 |
29.792 |
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Other Current Liabilities |
2.052
|
1.884 |
5.075 |
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Provisions |
0.000
|
0.301 |
0.236 |
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Total
Current Liabilities |
54.755
|
44.850 |
35.103 |
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Net Current Assets |
21.164
|
20.814 |
14.205 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
23.680 |
23.701 |
17.918 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Turnover |
180.941 |
186.989 |
123.982 |
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|
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Other Income |
1.401 |
1.480 |
NA |
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|
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TOTAL |
182.342 |
188.469 |
NA |
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
|
178.316 |
184.264 |
NA |
|
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
178.316 |
184.264 |
NA |
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PROFIT BEFORE
TAX |
4.026 |
4.205 |
2.734 |
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Less |
TAX |
1.248 |
1.610 |
NA |
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PROFIT AFTER TAX
|
2.778 |
2.595 |
NA |
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EARNINGS IN
FOREIGN CURRENCY |
0.000 |
0.203 |
0.810 |
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CIF VALUE OF
IMPORT OF PARTS |
0.730 |
1.228 |
2.068 |
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Earnings Per
Share (Rs.) |
92.61 |
109.00 |
NA |
|
%20PRIVATE%20LIMITED%20-%20156077%2001-Oct-2011_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.52
|
1.38 |
NA |
|
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|
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|
Net Profit Margin (PBT/Sales) |
(%) |
2.23
|
2.25 |
2.21 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
5.16
|
6.15 |
5.17 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.27 |
0.21 |
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Debt Equity Ratio (Total Liability/Networth) |
|
3.26
|
3.38 |
3.07 |
|
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|
Current Ratio (Current Asset/Current Liability) |
|
1.39
|
1.46 |
1.40 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
31.03.2008 (Rs. in millions) |
|
Sundry Creditors |
52.703
|
42.665 |
29.792 |
|
|
|
|
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Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of
Establishment |
Yes |
|
2) Locality of
the firm |
No |
|
3) Constitutions
of the firm |
Yes |
|
4) Premises
details |
No |
|
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 |
No |
|
12) Profitability
for last three years |
No |
|
13) Reasons for
variation <> 20% |
No |
|
14) Estimation
for coming financial year |
No |
|
15) Capital in
the business |
No |
|
16) Details of
sister concerns |
No |
|
17) Major
suppliers |
No |
|
18) Major
customers |
No |
|
19) Payments
terms |
Yes |
|
20) Export / Import
details (if applicable) |
No |
|
21) Market
information |
-- |
|
22) Litigations
that the firm / promoter involved in |
-- |
|
23) Banking
Details |
Yes |
|
24) Banking
facility details |
Yes |
|
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 |
-- |
Note:
The registered office of the company has been shifted from B-59, Freedom Fighter Enclave, Neb Sarai, New Delhi – 110 068 to the present address w.e.f. 19.09.2002.
COMMERCIAL
ACTIVITIES:
During the year the turnover of the Company of Rs.180.941 millions. The
Company is engaged in supply of Allan Bradley make Software and Peripherals
etc. The net profit of the company is Rs.4.026 millions after depreciation as
compared to previous year net profit of Rs.4.205 millions after depreciation
but before tax.
CONTINGENT
LIABILITIES NOT PROVIDED FOR: (As on 31.03.2010)
v
Outstanding guarantees given by banker of company
to Customers are Rs.2.840 millions.
FORM 8:
|
Corporate
identity number of the company |
U31200DL1996PTC078932 |
|
Name of the
company |
RECKERS CONTROL ( |
|
Address of the
registered office or of the principal place of business in |
Plot No.14, L.G.F. Mandakini, NRI Complex, Greater Kailash
IV, |
|
This form is for |
Creation
of charge |
|
Type of charge |
Hypothecation |
|
Particular of
charge holder |
Bank of E-Mail: asconsulting1@rediffmail.com
|
|
Nature of
instrument creating charge |
Hypothecation Cum
Loan Agreement. |
|
Date of
instrument Creating the charge |
26.06.2006 |
|
Amount secured by
the charge |
Rs.4.000 millions
|
|
Brief of the principal
terms an conditions and extent and operation of the charge |
i) Aggregate limit of Rs.4.000 millions, Cash Credit-Stocks and Book
Debts (upto 90 days) - Rs.2.000 millions and Bank Guarantee - Rs.4.000
millions, maximum of both the limit should not exceed Rs.4.000 millions at
any given point of time ii) Interest of Cash Credit shall be charged @ 1%
above the Bank's BPLR rising or falling with a minimum of 11.75% with monthly
rests. Commission of Financial Guarantee - Rs.175 + 0.85% per quarter or part
thereof, minimum 1.70% and on Performance guarantee - Rs.175 + 0.60% (AS PER
PHYSICAL FORM) |
|
Description of
the property charged indicating whether it is a charged on |
Plant
and machinery Stock
in trade Plant
and machinery Book
debts Furniture
and fixtures Vehicles |
|
Particulars of
the property charged |
i) Hypothecation
of all tangible movable assets including in particular various kinds of
switch gear, components, control panel, cooling plants, telecommunications systems
and other electrical, mechanical, electronics equipments, components parts
and other engineering products lying at plot no. 14(LGF), NRI Complex,
Mandakini, Greater Kailash -IV, New Delhi - 110019 or elsewhere in transit.
ii) Hypothecation of all tangible movable machineries and plants (both
present and future, whether installed or not. |
FIXED ASSETS:
v Car
v Computer
v Furniture and Fixture
v EPBAX
v Generator
v Fan
v Motor Cycle
v Refrigerator
v Almirah
v Invertors
v Mobile Phone
v Air Conditioner
v Scooter
v Water Purifier
v Office Equipments
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.48.93 |
|
|
1 |
Rs.76.52 |
|
Euro |
1 |
Rs.66.65 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
|
46 |
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.