MIRA
INFORM REPORT
|
Report Date : |
07.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
BHOOMI SUDHAR CHEMICAL INDUSTRIES PRIVATE LIMITED |
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Registered
Office : |
7-A, Focal Point, Industrial Area, Sangrur – 148 001, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
11.08.2003 |
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Com. Reg. No.: |
16-026279 |
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Capital
Investment / Paid-up Capital : |
Rs.2.760
millions |
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|
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CIN No.: [Company Identification
No.] |
U00000PB2003PTC026279 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PTLB12703F |
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PAN No.: [Permanent Account No.] |
AACCB2451M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
To carry on the business in India and abroad the business of
manufacturers, importers, exporters, buyers, sellers, traders, processors, agents,
dealers, mercantile agent, distributors and in any other manner in all kinds
and description non-ferrous metals, like ferrous sulphate, zinc sulphate,
zinc oxide and its allied products. |
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|
|
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C (7) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Yet to commence business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Though the company was incorporated in the year 2003, the company is
yet to commence its commercial business activities. Payment terms are
unknown. Initially, the company can be considered for business dealings on a
safe and secured 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
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
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
|
Name : |
Mr. Kamal Kant |
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Designation : |
Director |
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Date : |
05.09.2011 |
LOCATIONS
|
Registered Office : |
7-A, Focal Point, Industrial Area, Sangrur – 148 001, |
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Tel. No.: |
91-1672-231052/ 233046 |
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Mobile No.: |
91-9915581262 (Mr. Kamal Kant) |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
As on 28.09.2010
|
Name : |
Mr. Kamal Kant |
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Designation : |
Chairman cum Managing Director |
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Address : |
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Date of Birth/Age : |
22.06.1971 |
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Date of Appointment : |
11.08.2003 |
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DIN No.: |
00033320 |
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|
|
Name : |
Ms. Raj Kumari |
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Designation : |
Director |
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Address : |
Rani Di Kothi, Near Dr. KC Goyal Clinic, |
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Date of Birth/Age : |
31.08.1944 |
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Date of Appointment : |
05.08.2010 |
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DIN No.: |
03214249 |
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Name : |
Mr. Prem Chand |
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Designation : |
Director |
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Address : |
A-1/31, Paschim Vihar, Near Lal Market, |
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Date of Birth/Age : |
03.12.1941 |
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Date of Appointment : |
11.08.2003 |
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Date of Ceasing : |
11.11.2010 |
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DIN No.: |
00033344 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Prem Chand |
|
11000 |
|
Kamal Kant |
|
11000 |
|
Varinder Kumar Johar |
|
4000 |
|
Pranav Foods (Private) Limited, |
|
35000 |
|
Lenient Trading Company (Private) Limited, |
|
35000 |
|
Hymn Advertising and Marketing (Private) Limited, |
|
45000 |
|
Syndicate Finman Consultants (Private) Limited, |
|
30000 |
|
Axis Metal and Alloys (Private) Limited, |
|
30000 |
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Syndicate Multimedia (Private) Limited, |
|
35000 |
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Achievers Steel (Private) Limited, |
|
40000 |
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Total |
|
276000 |
As on 28.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
90.58 |
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Directors
or relatives of directors |
|
7.97 |
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Other
top fifty shareholders |
|
1.45 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To carry on the business in India and abroad the business of manufacturers,
importers, exporters, buyers, sellers, traders, processors, agents, dealers,
mercantile agent, distributors and in any other manner in all kinds and
description non-ferrous metals, like ferrous sulphate, zinc sulphate, zinc
oxide and its allied products. |
|
|
|
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
v
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai - 400 013, Maharashtra, India v
State Bank of |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Shiv Goyal and Associates Chartered Accountants |
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Address : |
Nabha Gate, Sangrur – 148 001, |
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Tel. No.: |
91-1672-232043/ 237195 |
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Income-tax
PAN of auditor or auditor's firm : |
ABPFS9861F |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
276000 |
Equity Shares |
Rs.10/- each |
Rs.2.760
millions |
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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 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.760 |
0.260 |
0.260 |
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|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
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|
3] Reserves & Surplus |
2.500 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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|
NETWORTH |
5.260 |
0.260 |
0.260 |
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|
LOAN FUNDS |
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|
|
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|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.495 |
0.480 |
0.480 |
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|
TOTAL BORROWING |
0.495 |
0.480 |
0.480 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
5.755 |
0.740 |
0.740 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.548 |
0.548 |
0.548 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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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 |
0.000
|
0.000 |
0.000 |
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Sundry Debtors |
0.000
|
0.000 |
0.000 |
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|
Cash & Bank Balances |
5.006
|
0.001 |
0.003 |
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|
Other Current Assets |
0.000
|
0.000 |
0.000 |
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|
Loans & Advances |
0.000
|
0.000 |
0.000 |
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Total
Current Assets |
5.006
|
0.001 |
0.003 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
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|
Sundry Creditors & Other Current Liabilities |
0.003
|
0.007 |
0.003 |
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|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
0.003
|
0.007 |
0.003 |
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|
Net Current Assets |
5.003
|
(0.006) |
0.000 |
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MISCELLANEOUS EXPENSES |
0.204 |
0.198 |
0.192 |
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TOTAL |
5.755 |
0.740 |
0.740 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.09
|
1.87 |
1.86 |
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Current Ratio (Current Asset/Current Liability) |
|
1668.67
|
0.14 |
1.00 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The company is not active and the Director Mr. Kamal Kant does not known
when he is going to start the activity of the company.
FORM 8:
|
Corporate
identity number of the company |
U00000PB2003PTC026279 |
|
Name of the
company |
BHOOMI SUDHAR CHEMICAL INDUSTRIES PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
7A, Focal Point, Industrial Area, Sangrur – 148 001, E-Mail: bhoomi_sgr@yahoo.co.in |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10046674 |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
CIN No.: L65920MH1994PLC080618 HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai - 400 013, Maharashtra, India E-Mail: RBBform8@hdfcbank.com |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum
Recording Past Transactions of Creation of Mortgage by Delivery of Title
Deeds. |
|
Date of
instrument Creating the charge |
29.07.2011 |
|
Amount secured by
the charge |
Rs.75.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest at the
rate as may be communicated by the Bank from time to time. Terms of
Repayment: On demand. Margin: As may be
stipulated by the Bank from time to time. Extent and
Operation of the charge: The Company
accorded and gave oral consent to Bank to continue to hold and retain the
title deeds (by way of Constructive delivery) in respect of its immovable
properties as security for repayment of Rs.75.000 millions, together with
principal, interest, liquidated damages, costs, charges and expenses. |
|
Short particulars
of the property charged |
Immovable
properties Measuring 2 Bigha 2 Biswas Khewat No 279 Khataun No 572, Khasra NO.32/3/3/0-10, 4/1/0-19, 7/2/1/0-12, 8/1/ Min 10-1-10
Village Bhindran Tehsil and District Sangrur. |
|
Date of latest
modification prior to the present modification |
28.10.2010 |
|
Particulars of
the present modification |
The charge shall
now stand increased from Rs.60.000 millions to Rs.75.000 millions, against
the mortgage of immovable properties Measuring 2 Bigha 2 Biswas Khewat No 279
Khataun No 572, Khasra NO.32/3/3/0-10, 4/1/0-19, 7/2/1/0-12, 8/1/ Min 10-1-10
Village Bhindran Tehsil and District Sangrur. |
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.46.13 |
|
|
1 |
Rs.74.18 |
|
Euro |
1 |
Rs.64.88 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
- |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
- |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
- |
|
--LEVERAGE |
1~10 |
- |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
- |
|
--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 |
NO |
|
TOTAL |
|
7 |
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.