MIRA
INFORM REPORT
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Report Date : |
03.10.2011 |
IDENTIFICATION DETAILS
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Name : |
KAMAL ENVIROTECH PRIVATE LIMITED |
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Registered Office : |
834/1 Block – K, Mahipalur, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
07.02.1992 |
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Com. Reg. No.: |
55-47529 |
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Capital Investment
/ Paid-up Capital : |
Rs.5.000 Millions |
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CIN No.: [Company
Identification No.] |
U74899DL1992PTC047529 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELK05454B |
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PAN No.: [Permanent
Account No.] |
AAACK0711H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Industrial Machinery and Parts. |
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No. of Employees : |
35 Approximately |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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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 48000 |
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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.
ECGC Country Risk Classification List – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. K. Ravi |
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Designation : |
Accountant |
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Contact : |
91-011-26788114 |
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Date : |
21.09.2011 |
LOCATIONS
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Registered Office/ Corporate Office/
Head Office : |
834/1 Block – K Mahipalur, |
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Tel No. No.: |
91-11-26788114 |
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Fax No. |
91-11-26781200 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
Plot No.254, Sector 6, IMT Manesar, Gurgaon – 122050, |
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Tel. No.: |
91-124-4367305 |
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Fax No.: |
91-124-4367308 |
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E-Mail : |
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Area : |
2000 Sq. Ft. |
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Location : |
Owned |
DIRECTORS
(AS ON 30.09.2010)
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Name : |
Mr. Raghubir S. Punia |
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Designation : |
Managing Director |
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Address : |
2036, Sector 4, Urbon Estate, Gurgaon – 122001, |
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Date of Birth/Age : |
24.11.1959 |
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Qualification : |
Diploma in Electronics |
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Date of Appointment : |
07.02.1992 |
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Name : |
Mrs. Kamaljeet Punia |
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Designation : |
Director |
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Address : |
2036, Sector 4, Urbon Estate, Gurgaon – 122001, |
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Date of Birth/Age : |
17.06.1968 |
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Qualification : |
B.A. |
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Date of Appointment : |
25.05.2007 |
KEY EXECUTIVES
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Name : |
Mr. Santosh Singh |
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Designation : |
Sales Manager |
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Name : |
Mr. Dalvirsingh |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(As on 30.09.2010)
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Names of Shareholders |
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No. of Shares |
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Raghubir S. Punia |
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315400 |
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Kamaljeet Punia |
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139600 |
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S. M. Sharma |
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45000 |
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Total |
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500000 |
(As on 30.09.2010)
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Category |
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Percentage
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Directors or relatives of directors |
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100.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Industrial Machinery and Parts. |
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Products : |
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Exports : |
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Products : |
Machinery |
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Countries : |
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Imports : |
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Products : |
Raw materials |
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Countries : |
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Terms : |
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Selling : |
L/C / Cash / Credit |
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Purchasing : |
L/C / Cash / Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
35 Approximately |
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Bankers : |
Sector – 4,
Mahipalpur, |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Sharma Sharma and Company Chartered Accountant |
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Address : |
211, |
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Tel No.: |
91-11-30913190 / 25437609 |
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Mobile No.: |
91-9312255263 / 9312268335 |
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Pan No.: |
AQUPS6264Q |
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Associates/Subsidiaries : |
GIAA Tech, Manesar Gurgaon (Manufacturer and Exporter of Industrial Machinery and Parts.) |
CAPITAL STRUCTURE
(AS ON 30.09.2010)
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
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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1] Share Capital |
5.000 |
5.000 |
5.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
6.973 |
5.365 |
4.403 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
11.973 |
10.365 |
9.403 |
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LOAN FUNDS |
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1] Secured Loans |
4.659 |
1.897 |
1.236 |
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2] Unsecured Loans |
12.245 |
8.090 |
8.947 |
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TOTAL BORROWING |
16.904 |
9.987 |
10.183 |
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DEFERRED TAX LIABILITIES |
0.166 |
0.115 |
0.000 |
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TOTAL |
29.043 |
20.467 |
19.586 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
15.019 |
10.450 |
10.013 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.333 |
1.383 |
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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 |
10.569
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1.015 |
9.411
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Sundry Debtors |
41.432
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35.933 |
20.211
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Cash & Bank Balances |
0.939
|
0.372 |
0.008
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Other Current Assets |
3.464
|
1.190 |
1.663
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Loans & Advances |
1.754
|
0.025 |
0.000
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Total
Current Assets |
58.158
|
38.535 |
31.293 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
43.439
|
27.977 |
12.847
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Provisions |
0.736
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0.923 |
10.312
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Total
Current Liabilities |
44.175
|
28.900 |
23.159 |
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Net Current Assets |
13.983
|
9.635 |
8.134 |
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MISCELLANEOUS EXPENSES |
0.041 |
0.049 |
0.056 |
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TOTAL |
29.043 |
20.467 |
19.586 |
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Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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Sales Turnover (Approximately) |
150.00 |
117.000 |
87.500 |
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The above information has been parted by Mr. K Ravi (Accountant)
KEY RATIOS
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PARTICULARS |
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31.03.2010 |
31.03.2009 |
31.03.2008 |
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Debt Equity Ratio (Total Liability/Networth) |
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5.10 |
3.75 |
3.55 |
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Current Ratio (Current Asset/Current Liability) |
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1.32 |
1.33 |
1.35 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL
PERFORMANCE
The company is in profit during the year. The company is unable to
declare dividend during the year.
TRADE REFERENCE:
- Bharat Rubber Company
- Laxmi Agro Industries
ACHIEVEMENTS
1992 :
KEPL Starts its operation from AMC of Indian Airlines For
ETP and Plating Plant. ETP Plant of Hero Honda Gurgaon- supplied by KEPL
1996 :
KEPL Makes First Automatic Plant with two Transporters.
Plating Process : Zinc Plating Plant
2000 :
Multiple Surface Coating Plant for various industries like
Automobile, Defense, among others. More than 100 transporters were supplied
2002 :
First Manual ED Coating Plant
2004 :
First Automatic CED Plant supplied
2004 :
Inception of GIAA TECH, A group company which deals in
Industrial Automation, SPM Machines, Electrical Panels, AC Drives, PLC, etc.
2006 :
Automatic CED Plant supplied to Caparo Halaol for GM and
Volvo Components
2008 :
ED Painting Plant in KEPL.
FORM 8:
|
Charge
identification number of the modified |
10153688 |
|
Corporate
identity number of the company |
U74899DL1992PTC047529 |
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Name of the
company |
KAMAL ENVIROTECH PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
834/1 Block Kmahipalur, |
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This form is for |
Modification of charge |
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Type of charge |
Immovable
Property Movable Property Book Debts Floating charge |
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Particular of
charge holder |
United Bank of |
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Nature of
instrument creating charge |
Agreement for
Term loan and Hypothecation. Hypothecation
Agreement for Goods, Book Debts, Plant and Machinery. Hypothecation of
Debts and Moveable Assets Extension of
Equitable Mortgage |
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Date of
instrument Creating the charge |
27.02.2010 |
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Amount secured by
the charge |
Rs.44.799
Millions |
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Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of
Interests: 12.5% p.a. with
monthly rests Terms of
Repayment: Term Loan to be
repaid in 60 installments commencing 6 months after disbursement. Margin: 25% Term Loan 25% on Cash
Credit 25% on Bank
Guarantee Extent and
Operation of the charge: The charge is to
secure the various credit facilities given to the borrower. |
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Short particulars
of the property charged |
i) Stock of raw
material, work in progress, finished goods, stores, spares, consumable, book
debts, receivables and all other current assets of the Company. ii) Plant and
Machinery, equipment and all other assets of the Company situate at 834/1, K
Block, Mahipalpur, New Delhi and Plot No. 254, Sector 6, IMT Manesar and at
any premises of the Company. iii) Extension of
Equitable Mortgage on property Plot No. 254, Sector 6, IMT Manesar, Gurgaon. |
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This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U74899DL1992PTC047529 |
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Name of the
company |
KAMAL ENVIROTECH PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
834/1 Block Kmahipalur, |
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Type of charge |
Immovable property
Book Debts Movable Property Floating Charge |
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Particular of
charge holder |
E-Mail: casunil.suresh@gmail.com
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Nature of
description of the instrument creating or modifying the charge |
1. Agreement of
term loan and hypothecation 2. Hypothecation
of movable plant and machinery 3. Hypothecation
of debts and movable assets 4. Hypothecation
of goods 5. Letter of
countinuity 6. Demand
promisory note |
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Date of
instrument Creating the charge |
30.03.2009 |
|
Amount secured by
the charge |
Rs.30.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest BPLR+1% presently
13.5% p. a as per agreement dated 30.03.2009 Terms of Repayment Term loan to be
repaid in 60 monthly installment, Commencing from 6 months after the
disbursement of 1st phase of loan Margin Term loan 25% Cash credit
limit25% Bank Guarantee
25% Extent and Operation of the charge Rupee 15.000
millions for cash credit limit AG. Hypothecation of raw material, WIP, Finished
goods, stores/spares, consumable, book debts/ receivable and all other
current assets, of the company Rupee 4.000
millions for term loan against plant and machinery, equipments and all other
fixed assets of the company |
Fixed Assets:
- Building
- Plant and Machinery
- Office Equipment
- Mobile Instrument
- Scooter
- Furniture and Fixture
- Cars A/c
- Computers
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.48.92 |
|
|
1 |
Rs.76.52 |
|
Euro |
1 |
Rs.66.64 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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|
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
|
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--BE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
YES |
|
--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 |
Be |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Be |
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 |
Be |
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.