MIRA
INFORM REPORT
|
Report Date : |
10.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
B D INDUSTRIES |
|
|
|
|
Registered
Office : |
5, Raj |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2009 |
|
|
|
|
Date of Incorporation : |
20.10.1995 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.8.163 Millions |
|
|
|
|
IEC No.: |
0301031878 |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AADFB8578M |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
|
|
|
|
Line of Business : |
Manufacturer, Trader and Importer of Industrial Plastic Products, Fuel
Tank, Road Safety Equipment. |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 32652 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established partnership concern having moderate track.
Mr. Rahul Saini, Son of Partner provided to us few general information and
denied for financial details. However, Trade relations are reported as fair.
Business is active. Payments are Unknown. The concern 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 PARTEDED BY (General Details)
|
Name : |
Mr. Rahul Saini |
|
Designation : |
Son of Partner |
|
Date : |
19.08.2011 |
LOCATIONS
|
Registered Office : |
5, Raj Rajeshwari Road, Opposite Naval Stores, Main Gate No.1, LBS
Marg, Mumbai – 400086, Maharashtra, India |
|
Tel. No.: |
91-22-25154240/ 25094238 |
|
Mobile No.: |
91-9820051160 (Mr. Dalbir Saini) |
|
Fax No.: |
91-22-25154239 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
11-A, Kurla Industrial Estate, |
|
Tel. No.: |
91-22-25154240/ 25106412 |
|
Fax No.: |
91-22-25154239 |
|
E-Mail : |
|
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Dalbir Pal Saini |
|
Designation : |
Partner |
|
Address : |
B – 3, 119/120, Dharaam Kutir, Rajawadi CHS, Chitranjan Nagar,
Ghatkopar (East), Mumbai – 400077, |
|
Date of Birth/Age : |
24.06.1960 |
|
Qualification : |
HSC |
|
Experience : |
25 years |
|
PAN No.: |
AAQPS2602G |
|
|
|
|
Name : |
Mrs. Arti Pal Saini |
|
Designation : |
Partner |
|
Address : |
B – 3, 119/120, Dharaam Kutir, Rajawadi CHS, Chitranjan Nagar,
Ghatkopar (East), Mumbai – 400077, |
|
Date of Birth/Age : |
10.09.1969 |
|
PAN No.: |
AAQP52601F |
KEY EXECUTIVES
|
Name : |
Mr. Rahul Saini |
|
Designation : |
Son of Partner |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Importer of Industrial Plastic Products, Fuel
Tank, Road Safety Equipment. |
|
|
|
|
Products : |
·
Plastic Containers ·
Water Chemicals ·
Storage Tank ·
·
Insulation Boxes ·
Other Plastic Articles |
|
|
|
|
Importers : |
|
|
Products : |
Road Safety Equipments |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash Credit |
|
|
|
|
Purchasing : |
L/C, Cash, Credit |
PRODUCTION STATUS (AS ON 31.03.2009)
|
Particulars |
Unit |
Actual
Production |
|
|
|
|
|
Plastic Water Tanks/ chemical Tanks |
Tons. |
150.00 |
|
|
Tons. |
108.00 |
|
Drum/ Barrel |
Tons. |
84.00 |
|
Plastic Pallets |
Tons. |
630.00 |
|
Milk Cans |
Tons. |
144.00 |
|
Ciiannelisor |
Tons. |
96.00 |
|
Processing Container Trolleys |
Tons. |
630.00 |
|
Metal Crash Barriers |
Tons. |
240.00 |
|
Crates |
Tons. |
72.00 |
|
Barriers / Fence |
Tons. |
162.00 |
|
Garbage Bins |
Tons. |
180.00 |
|
Ghamelas |
Tons. |
144.00 |
|
Hand Barrows |
Tons. |
210.00 |
|
Traffic Fence |
Tons. |
360.00 |
|
Sign Boards |
Tons. |
36.00 |
|
Road Kerb Block |
Tons. |
72.00 |
|
Portable Barricades |
Tons. |
540.00 |
|
Wash Basine |
Tons. |
120.00 |
|
Traffic Barriers |
Tons. |
504.00 |
|
Buckets |
Tons. |
144.00 |
|
Insulated Containers/ ICE Box |
Tons. |
108.00 |
|
Light Barriers |
Tons. |
336.00 |
|
Display Stands |
Tons. |
90.00 |
|
Bus Shelters |
Tons. |
480.00 |
|
Lamp Globes |
Tons. |
180.00 |
|
Floats/ Boats |
Tons. |
144.00 |
|
Wheel Barrows |
Tons. |
216.00 |
|
Plastic Containers |
Tons. |
300.00 |
|
Other customer Products – Such as Fuel Furl Tanks, Pallets and Other
Plastic Articles |
Tons. |
480.00 |
|
Panel Partition |
Tons. |
240.00 |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users ·
ABB Limited ·
Aryan Construction ·
Ashok Fabrication ·
B G Shirke Construction Technology Private
Limited ·
Blue Dart Aviation Limited ·
Everest Trading Corporation ·
Godrej and Boyce Manufacturing Company Limited ·
Hindustan CoCo-Cola Beverages Private Limited ·
IDAA Infrastructure Private Limited ·
Ideal Road Builders Private Limited ·
Modern Road Makers Private Limited ·
Procam International Limited ·
PBA Infrastructural Limited ·
Parth Polymers ·
Parle Products Private Limited ·
Master Hi-Tech Systems ·
Mahindra and Mahindra Limited ·
·
Ladwa Safety Solution Private Limited ·
Larsen and Toubro Limited ·
Protek Traffic Device Private Limited ·
Usha Fire Safety Equipment (Private) Limited ·
Ashoka Buildcom Limited ·
Sky Gate Multi
·
Surya Furnitures Private Limited ·
Vijaya Trading Company ·
Vinayak Structure Engineering Private Limited ·
Vishal Engineers ·
Weldaid Industries ·
Western Electrical Works |
||||||||||||
|
|
|
||||||||||||
|
Suppliers : |
·
Aircon Systems ·
Akshar Printer ·
Apple Stationery ·
Asian Enterprises ·
Bharat control Industries ·
Bharat Electrical and Hardware Store ·
Bhavana Sales Corporation ·
Bhawani Security Force ·
Century Steel Tube ·
Deepak Trading Corporation ·
Delta Metals ·
Francis Enterprises ·
Heena Electricals ·
Infomedia India Limited ·
Jagdish and Sons ·
Jyoti Gas Services ·
Just Dial Private Limited ·
Mama Foods Private Limited ·
Loha Ispat Limited ·
Mehta Brothers ·
Mehta Steel and Tools ·
Mira Machine Tools ·
Power Point Electricals ·
Shamji Virji and Company ·
S P Marketing ·
Shiv Plastic ·
Steel Tube Centre ·
Swastik Moulds Works ·
Thakur Transport ·
Vicky Polymers Weston Enterprises |
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
30 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
·
State Bank of SIB Ghatkopar (West) ·
Corporation Bank ·
Union Bank of ·
Bharat C-op Bank Limited |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
Credit Limit – Funding Rs.9.500 Millions + Non Funding Rs.2.000
Millions = Total Rs.11.500 Millions
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shankar and Kishors Chartered Accountant |
|
Address : |
B- 702, |
|
Tel. No.: |
91-22-28478833 |
|
Fax No.: |
91-22-28478844 |
|
|
|
|
Associates/Subsidiaries : |
·
Toyo Containers Sanaswadi, Pune, (Manufacturer of Fuel Tank, and Other Products for Automobiles) Bank: Corporation Bank |
CAPITAL STRUCTURE
CAPITAL ACCOUNTS OF MR. DALBIR PAL SAINI
(MR.
DALBIR PAL SAINI)
(RS.
IN MILLIONS)
|
Particulars |
31.03.2009 |
Particulars |
31.03.2009 |
|
|
|
|
|
|
To Income Tax (08-09) |
0.019 |
By Balance B/F |
7.350 |
|
To Share of Firm Tax |
0.102 |
By Interests on Capital |
0.367 |
|
To TDS |
0.002 |
|
|
|
To Drawings |
0.125 |
|
|
|
To Fringe Benefit Tax |
0.044 |
|
|
|
|
|
|
|
|
To Balance C/F |
7.890 |
To Net Profit |
0.465 |
|
|
|
|
|
|
Total |
8.182 |
Total |
8.182 |
(MRS.
ARTI DALBIR PAL SAINI)
(RS.
IN MILLIONS)
|
Particulars |
31.03.2009 |
Particulars |
31.03.2009 |
|
|
|
|
|
|
To Income Tax (08-09) |
0.003 |
By Balance B/F |
0.321 |
|
To Share of Firm Tax |
0.019 |
By Interests on Capital |
0.016 |
|
To TDS |
0.000 |
|
|
|
To Drawings |
0.125 |
|
|
|
To Fringe Benefit Tax |
0.008 |
|
|
|
|
|
|
|
|
To Balance C/F |
0.264 |
To Net Profit |
0.082 |
|
|
|
|
|
|
Total |
0.419 |
Total |
0.419 |
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
8.154 |
7.670 |
6.929 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.009 |
0.009 |
0.009 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
8.163 |
7.679 |
6.938 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
3.017 |
2.767 |
2.769 |
|
|
TOTAL BORROWING |
3.017 |
2.767 |
2.769 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
11.180 |
10.446 |
9.707 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.260 |
4.404 |
2.365 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.050 |
0.050 |
0.050 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.988
|
5.795 |
2.603 |
|
|
Sundry Debtors |
16.132
|
5.736 |
5.973 |
|
|
Cash & Bank Balances |
0.529
|
0.584 |
0.700 |
|
|
Other Current Assets |
3.949
|
1.947 |
4.882 |
|
|
Loans & Advances |
2.447
|
1.742 |
0.333 |
|
Total
Current Assets |
28.045
|
15.804 |
14.491 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
18.431
|
9.221 |
5.821 |
|
|
Provisions |
0.744
|
0.591 |
1.378 |
|
Total
Current Liabilities |
19.175
|
9.812 |
7.199 |
|
|
Net Current Assets |
8.870
|
5.992 |
7.292 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
11.180 |
10.446 |
9.707 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
Sales Turnover |
36.373 |
25.305 |
39.141 |
|
|
Other Income |
0.294 |
0.197 |
0.066 |
|
|
Total Income |
36.667 |
25.502 |
39.207 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
1.315 |
1.213 |
1.738 |
|
|
Provision for Taxation |
0.000 |
0.000 |
0.000 |
|
|
Profit/(Loss) After Tax |
1.315 |
1.213 |
1.738 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Manufacturing Expenses |
28.245 |
18.357 |
30.435 |
|
|
Office and Administrative Expenses |
6.647 |
5.366 |
6.390 |
|
|
Depreciation & Amortization |
0.460 |
0.566 |
0.644 |
|
Total Expenditure |
35.352 |
24.289 |
37.469 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
3.59
|
4.76 |
4.43 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.62
|
4.79 |
4.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.34
|
6.00 |
10.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.16 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.72
|
1.64 |
1.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46
|
1.61 |
2.01 |
LOCAL AGENCY FURTHER INFORMATION
FIXED ASSETS:
·
Electrical Fittings
·
Factory Gala
·
Furniture
·
Office Premises
·
Tools and Equipment
·
Air Condition
·
Machinery
·
Machinery Equipment
·
Motor Vehicles
·
Moulds and Dies
·
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.46.38 |
|
|
1 |
Rs.74.00 |
|
Euro |
1 |
Rs.64.48 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.