MIRA
INFORM REPORT
|
Report Date : |
08.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
SANT ENGINEERS AND FABRICATORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Khasera No. 25/11, Shiv Vihar, Next to Nilothi Mor, Najafgarh Road,
Nangaloi Delhi - 110 041 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2008 |
|
|
|
|
Date of
Incorporation : |
12.09.1991 |
|
|
|
|
Com. Reg. No.: |
55-45652 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.723 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900DL1991PTC045652 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and
Designers of Air Handling
Equipments |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 3000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The
management has not filed it’s financials of the company with the Government
departments after the year 2008. However, trade relations are reported as
fair. Business is active. Payments are unknown. The company can be considered for business dealings with some
cautions. |
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 (31.12.2009) |
Current Rating (01.04.2010) |
|
|
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. Surinder Singh |
|
Designation : |
Manager |
|
Contact No.: |
91-9811526477 |
|
Date : |
23.09.2011 |
LOCATIONS
|
Registered Office / Factory : |
Khasera No. 25/11, Shiv Vihar, Next to Nilothi Mor, Najafgarh Road,
Nangaloi Delhi - 110 041, India |
|
Tel. No.: |
91-11-28315382 / 32221872 / 28361872 |
|
Mobile No.: |
91-9811526477 [Mr. Surinder] |
|
Fax No.: |
91-11-28315382 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
|
Name : |
Mr. Kulwant Singh |
|
Designation : |
Director |
|
Address : |
M-273, Guru Harkishan Nagar, Paschim Vihar, |
|
Date of Birth/Age : |
27.06.1952 |
|
Date of Appointment : |
12.09.1991 |
|
DIN No.: |
01718101 |
|
|
|
|
Name : |
Mrs. Paramjit Kaur |
|
Designation : |
Director |
|
Address : |
M-273, Guru Harkishan Nagar, Paschim Vihar, |
|
Date of Birth/Age : |
02.08.1958 |
|
Date of Appointment : |
12.09.1991 |
|
DIN No.: |
01362557 |
KEY EXECUTIVE
|
Name : |
Mr. Surinder Singh |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2008)
|
Names of Shareholders |
|
No. of Shares |
|
Kulwant Singh |
|
6000 |
|
Paramjit Kaur |
|
1230 |
|
Total |
|
7230 |
(AS ON 30.09.2008)
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and
Designers of Air Handling
Equipments |
|
|
|
|
Products : |
·
Air Handling Units o Horizontal Type Double Skin (Heat Recovery) Units o Floor Mounted Single Skin Units o Floor Mounted Double Skin Units o Vertical Single Skin Units o Vertical Double Skin nits o Fan Coil Units o Ductable Units ·
Evaporative Air Cooling
and Ventilation Products o Air Washers o Scrubbers o Fresh Air Units o Exhaust Units o Air Curtains o Axial Flow Fans o Man Coolers (Fixed or Motorized Rotation) ·
Air Distribution Devices o Grills o Diffusers o Louvers o Dampers ·
Power Transmission
Products o Shafts o Pulleys o Couplings o Flywheels ·
Fans and Blowers o Forward Curved Centrifugal Blowers o High Pressure Blowers o Condensor fans o Inline Fans o Propellor Fans o Axial Flow Fans o High Pressure Blowers ·
Coils o Cooling Coils o Heating Coils o Condensor Coils ·
Valves o Air Conditioning Valves o Refrigeration Valves o Valves for Sugar Mill o Valves for Paper Mills o Valves for Chemical Plants ·
Walk-in-Cold-Rooms · PUF Insulated Panels |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
20 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B K Batra and Company Chartered Accountant |
|
Address : |
E-146, Kalkaji, |
|
Tel. No.: |
91-11-26466865 / 41603738 |
|
Mobile No.: |
91-9810029032 |
|
E-Mail : |
CAPITAL STRUCTURE
AS ON 31.03.2008
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000 |
Equity Shares |
Rs.100/- each |
Rs.1.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7230 |
Equity Shares |
Rs.100/- each |
Rs.0.723 million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.723 |
0.723 |
0.723 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(0.019) |
(0.030) |
(0.030) |
|
|
NETWORTH |
0.704 |
0.693 |
0.693 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.888 |
1.019 |
1.088 |
|
|
2] Unsecured Loans |
1.538 |
0.591 |
0.000 |
|
|
TOTAL BORROWING |
2.426 |
1.610 |
1.088 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.130 |
2.303 |
1.781 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.765 |
0.440 |
0.458 |
|
|
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 |
1.396
|
0.681 |
0.716 |
|
|
Sundry Debtors |
1.073
|
1.553 |
0.786 |
|
|
Cash & Bank Balances |
0.198
|
0.003 |
0.129 |
|
|
Other Current Assets |
0.019
|
0.019 |
0.000 |
|
|
Loans & Advances |
0.641
|
0.377 |
0.091 |
|
Total
Current Assets |
3.327
|
2.633 |
1.722 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
0.903
|
0.661 |
0.366 |
|
|
Other Current Liabilities |
0.029
|
0.106 |
0.029 |
|
|
Provisions |
0.030
|
0.003 |
0.004 |
|
Total
Current Liabilities |
0.962
|
0.770 |
0.399 |
|
|
Net Current Assets |
2.365
|
1.863 |
1.323 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.130 |
2.303 |
1.781 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
3.674 |
4.341 |
3.698 |
|
|
|
Misc. Income |
0.151 |
0.000 |
0.000 |
|
|
|
TOTAL |
3.825 |
4.341 |
3.698 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
2.706 |
2.967 |
2.757 |
|
|
|
Bank Charges |
0.052 |
0.144 |
0.130 |
|
|
|
Interest of Loan |
0.342 |
0.075 |
0.029 |
|
|
|
Insurance |
0.018 |
0.005 |
0.001 |
|
|
|
Legal and Prof. Charges |
0.022 |
0.026 |
0.018 |
|
|
|
Postage and Telephone |
0.066 |
0.036 |
0.014 |
|
|
|
Car Running / Conveyance |
0.053 |
0.095 |
0.040 |
|
|
|
Director’s Remuneration |
0.108 |
0.096 |
0.096 |
|
|
|
Salary |
0.053 |
0.079 |
0.055 |
|
|
|
Other Expenses |
0.241 |
0.708 |
0.439 |
|
|
|
TOTAL |
3.661 |
4.231 |
3.579 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX AND DEPRECIATION |
0.164 |
0.110 |
0.119 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION |
0.127 |
0.111 |
0.098 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
0.037 |
(0.001) |
0.021 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.026 |
0.000 |
0.004 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
0.011 |
(0.001) |
0.017 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.52 |
-- |
-- |
|
|
Particulars |
31.03.2011 [Approximately] |
31.03.2010 [Approximately] |
31.03.2009 [Approximately] |
|
|
|
|
|
|
Sales Turnover |
7.000 |
6.500 |
6.500 |
The above information has been parted by Mr. Surinder.
KEY RATIOS
|
PARTICULARS |
|
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
PAT / Total Income |
(%) |
0.29
|
(0.02) |
0.46 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.01
|
(0.02) |
0.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.90
|
(0.03) |
0.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
(0.00) |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.81
|
3.43 |
2.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.46
|
3.42 |
4.32 |
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 |
|
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 |
No |
|
20. Export / Import details |
No |
|
21. Market information |
---- |
|
22. Litigations that the firm / promoter involved |
---- |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
No |
|
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 |
----- |
Form No. 8
|
Corporate
identity number of the company |
U74900DL1991PTC045652 |
|
Name of the
company |
SANT ENGINEERS AND FABRICATORS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Khasera No. 25/11, Shiv Vihar, Next to Nilothi Mor, Najafgarh Road,
Nangaloi Delhi - 110 041, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable property
(not being pledge) |
|
Particular of
charge holder |
Bank of Ujwa, |
|
Nature of
instrument creating charge |
Composite Hypothecation
Agreement dated 13.10.2008 and Letter of Instalment with Acceleration clause
dated 13.10.2008 |
|
Date of
instrument Creating the charge |
13.10.2008 |
|
Amount secured by
the charge |
Rs.0.200 million |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
·
Rate of interest @ 17% p.a. at monthly rests or at such rate(s) as may be specified by
the Bank from time to time with an additional interest of 2% p.a. over and
above the interest rate charged in account, in case of default. ·
Terms of repayment Repayable in equated monthly instalments of Rs.0.005 million each
commencing from December, 2008 till the entire loan with interest and other
charges is repaid in full. ·
Margin 15% Extent and
operation of the charge 100% ·
Others To secure all amounts payable a Term Loan of Rs.0.200 million granted
to the Company together with all interests, costs, charges, expenses
etc. |
|
Particulars of
the property charged |
Hypothecation of
all tangible moveable machinery and plant, vehicles together with spares,
tools and accessories and others moveable, furniture and fittings and office
equipments etc. – both present and future.
|
Fixed Assets
· Furniture and
Fixture
· Plant and
Machinery
· Generator
· Weighing Scale
· Computer
· Car
· Mobile Phone
· Cycle
· Motor Cycle
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.49.13 |
|
|
1 |
Rs.75.97 |
|
Euro |
1 |
Rs.65.99 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
26 |
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.