Business
information report
1. Summary Information
|
|
|
Country |
India |
|
Company Name |
ROYALE RESINEX PRIVATE LIMITED |
Principal Name 1 |
Mr. Neeraj Aggarwal |
|
Status |
New Company |
Principal Name 2 |
Mr. Mahendra Prasad |
|
|
|
Registration # |
55-198171 |
|
Street Address |
502, Aggarwal Cyber Plaza-I, Netaji Subhash Place, Pittampura, New
Delhi-110034, Delhi, India |
||
|
Established Date |
19.01.2010 |
SIC Code |
-- |
|
Telephone# |
91-11-42470478 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-42470478 |
Business Style 2 |
Trader |
|
Homepage |
Product Name 1 |
Plastic Resin |
|
|
# of employees |
20 (Approximately) |
Product Name 2 |
Chemicals |
|
Paid up capital |
Rs.
100,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors and Relatives of Directors- 100% |
Banking |
Bank of India |
|
Public Limited Corp. |
No |
Business Period |
1 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
2,563,000 |
Current Liabilities |
10,000 |
|
Inventories |
506,000 |
Long-term Liabilities |
1,358,000 |
|
Fixed Assets |
38,000 |
Other Liabilities |
0 |
|
Deferred Assets |
0 |
Total Liabilities |
1,368,000 |
|
Invest& other Assets |
346,000 |
Retained Earnings |
0 |
|
|
|
Net Worth |
2,085,000 |
|
Total Assets |
3,453,000 |
Total Liab. & Equity |
3,453,000 |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
4,021,000 |
Net Loss |
(15,000) |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
06.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
ROYALE RESINEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
502, Aggarwal Cyber Plaza-I, Netaji Subhash Place, Pittampura, New Delhi-110034,
Delhi |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
19.01.2010 |
|
|
|
|
Com. Reg. No.: |
55-198171 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24222DL2010PTC198171 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELR17745A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged from manufacturing, processing, trading, export,
import of all types of Plastic Resin and Chemicals etc. |
|
|
|
|
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 8000 |
|
|
|
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company establishing itself gradually. Trade
relations are reported as fair. Business is active. Payment terms are
unknown. The company can be considered for business dealings with 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 – 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. Neeraj Aggarwal |
|
Designation : |
Director |
|
Contact No.: |
91-11-42470478 |
|
Date : |
02.09.2011 |
LOCATIONS
|
Registered Office : |
502, Aggarwal Cyber Plaza-I, Netaji Subhash Place, Pittampura, New
Delhi-110034, Delhi, India |
|
Tel. No.: |
91-11-42470478 |
|
Fax No.: |
91-11-42470478 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Neeraj Aggarwal |
|
Designation : |
Director |
|
Address : |
C-5, Uttam Nagar, New Delhi-110059, Delhi, India |
|
Date of Birth/Age : |
21.10.1982 |
|
Date of Appointment : |
19.01.2010 |
|
DIN No : |
01987937 |
|
|
|
|
Name : |
Mr. Mahendra Prasad |
|
Designation : |
Director |
|
Address : |
C-5, Uttam Nagar, New Delhi-110059, Delhi, India |
|
Date of Birth/Age : |
20.04.1956 |
|
Date of Appointment : |
19.01.2010 |
|
DIN No : |
02854715 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Neeraj Aggarwal |
5000 |
|
Mahendra Prasad |
5000 |
|
|
|
|
Total |
10000 |
AS ON 30.09.2010
|
Category |
Percentage |
|
Director / Relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged from manufacturing, processing, trading, export,
import of all types of Plastic Resin and Chemicals etc. |
|
|
|
|
Exports : |
|
|
Products : |
·
Plastic and Chemicals |
|
Countries : |
·
Arab Countries |
|
|
|
|
Imports : |
|
|
Products : |
·
Plastic and Chemicals |
|
Countries : |
·
Middle East ·
Germany ·
Japan ·
Korea |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Credit |
|
|
|
|
Purchasing : |
L/C, Cash, Credit |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
Retailers ·
End Users |
||||||||||
|
|
|
||||||||||
|
No. of Employees : |
20 (Approximately) |
||||||||||
|
|
|
||||||||||
|
Bankers : |
·
Bank of India, Plot No.6, Vikas Tower, Community
Centre, Sector-8, Rohini, New Delhi-110085, Delhi, India |
||||||||||
|
|
|
||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M. K. Choudhary and Company Chartered Accountant |
|
Address : |
1555 SP, Mukherjee Marg, Delhi-110006, India |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
2.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(0.015) |
|
|
NETWORTH |
|
|
2.085 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
1.358 |
|
|
TOTAL BORROWING |
|
|
1.358 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3.443 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.038 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.506 |
|
|
Sundry Debtors |
|
|
2.267 |
|
|
Cash & Bank Balances |
|
|
0.156 |
|
|
Other Current Assets |
|
|
0.140 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
3.069 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
0.010 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.010 |
|
|
Net Current Assets |
|
|
3.059 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.346 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3.443 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
TURNOVER |
|
|
4.021 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
4.036 |
|
|
|
Financial Expenses |
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
TOTAL |
|
|
4.036 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
(0.015) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
|
(0.015) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
(1.50) |
|
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
50.000 |
|
|
|
|
|
The above information has been parted by Mr. Narendra Aggarwal.
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
(0.37) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
(0.48) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
(0.01) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
0.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
306.90 |
LOCAL AGENCY FURTHER INFORMATION
BRIF HISTORY
The company was incorporated vide Registrar of Companies, New Delhi’s
certificate No.198171 dated 19th day of January, 2010 with the main object
of manufacturing, processing, trading, export, import of all types of Plastic
Resin and Chemicals etc.
FINANCIAL RESULTS
The company has earned Net Loss of Rs. 0.015 million during the
concerned F. Y.
FORM 8
|
Corporate
identity number of the company |
U24222DL2010PTC198171 |
|
Name of the
company |
ROYALE RESINEX
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
502, Aggarwal Cyber Plaza-I, Netaji Subhash Place, Pittampura, New Delhi-110034, Delhi, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Floating charge Others |
|
Particular of
charge holder |
Bank of India, Plot No.6, Vikas Tower, Community Centre, Sector-8,
Rohini, New Delhi-110085, Delhi, India |
|
Nature of
instrument creating charge |
Agreement of
Hypothecation of Plant And Machinery, Stocks And Book Debts |
|
Date of instrument
Creating the charge |
23.08.2010 |
|
Amount secured by
the charge |
Rs. 20.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest CC: 3.50% p.a.
over BANK RATE presently @ 11.50% p.a. or such other rates as applicable from
time. Terms of repayment Payable on demand Margin Stocks: 25%,
Book-Debts: 40% Extent and operation of the charge 100% to secure
credit facilities up-to Rs. 20.000 millions, such as CC against stocks and book-debts
Rs. 5.000 millions, LC (I/F) Rs. 20.000 millions, LOC Rs. 20.000 millions
(subject to Rs. 20.000 millions), together with interest and all other costs
as applicable from time to time. |
|
Short particulars
of the property charged (Including location of the property) |
The Borrower's
entire stocks of PVC resin, imported and, or indigenous, both present and
future, where so ever stored including in transit. Including
book-debts, bills whether documentary or clean, outstanding monies
receivables, both present and future. |
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. 45.93 |
|
|
1 |
Rs. 74.27 |
|
Euro |
1 |
Rs. 64.97 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
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 |
YES |
|
--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.