MIRA
INFORM REPORT
|
Report Date : |
29.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHRI BALLALESHWAR MANUFACTURING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-4 121/55M(19), Near Mshfcshilpa Apartments, Nagar Pune Road,
Ahmednagar-414001, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2008 |
|
|
|
|
Date of
Incorporation : |
03.10.2000 |
|
|
|
|
Com. Reg. No.: |
25-015372 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U322019N2000PTC015372 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Electronic Components |
|
|
|
|
No. of Employees
: |
150 Approximately (In Office-50, In Factory-100) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca(12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a Company having moderate track. The management has not
filed the financial of the company with the government deparments after the
year 2008. Payment terms are unknown. The Company can be considered for business dealings on a 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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Bharpute |
|
Designation : |
Account Manager |
|
Contact No.: |
91-9326238026 |
|
Date : |
24.09.2011 |
LOCATIONS
|
Registered Office : |
C-4 121/55M(19), Near Mshfcshilpa Apartments, Nagar Pune Road,
Ahmednagar-414001, Maharashtra, India |
|
Mobile No.: |
91-9619894349 (Mr. Naresh Oak) |
|
E-Mail : |
|
|
Area : |
2000 Sq. ft. |
|
Location : |
Rented |
|
|
|
|
Factory : |
Plot No 52, Sagar Industries, Anand, Krushiji Marg, Ahmednagar,
Maharashtra, India |
|
Area : |
15000 Sq. ft. |
|
Location : |
Rented |
|
|
|
DIRECTORS
AS ON 31.03.2008
|
Name : |
Naresh Balkrisna Oak |
|
Designation : |
Director |
|
Address : |
B-7, Vighanaharta Society, Near Five Godown, Suwarnanagar, Kedgaon,
Ahemednagar-414005, Maharashtra, India |
|
Date of Birth/Age : |
11.06.1972 |
|
Date of Appointment : |
03.10.2000 |
|
DIN No.: |
00344394 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U32201PN2000PTC015372 |
Shri
Ballaleshwar Manufacturing Company Private Limited |
Director |
3/10/2000 |
3/10/2000 |
- |
Active |
NO |
|
2 |
U70102MH1994PTC167828 |
Smarlee
Propertiesandinvestments Private Limited |
Director |
30/08/2002 |
30/08/2002 |
- |
Amalgamated |
NO |
|
3 |
U32109MH1995PLC095343 |
India
Oa Systems Limited |
Director |
29/04/2004 |
29/04/2004 |
- |
Strike
off |
NO |
|
4 |
U67120DL1985PLC020756 |
Essal
Finance Limited |
Director |
30/09/2009 |
1/10/2008 |
- |
Active |
NO |
|
5 |
L74899DL1994PLC057009 |
South
Pole Securities Limited |
Additional
director |
8/6/2011 |
8/6/2011 |
- |
Active |
NO |
|
|
|
|
Name : |
Narhari Bhimrao Sapkal |
|
Designation : |
Director |
|
Address : |
A3, Nilagam Housing Society, Nagar Pune Road, Near Choot Auto,
Ahmednagar-414001, Maharashstra, India. |
|
Date of Birth/Age : |
06.01.1974 |
|
Date of Appointment : |
03.10.2000 |
|
DIN No.: |
01235141 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U32201PN2000PTC015372 |
Shri
Ballaleshwar Manufacturing Company Private Limited |
Director |
3/10/2000 |
3/10/2000 |
- |
Active |
NO |
|
2 |
U31900MH2002PTC136590 |
Saptshringi
Appliances Private Limited |
Director |
24/07/2002 |
24/07/2002 |
- |
Active |
|
|
|
|
Name : |
Bapusaheb Sakharam Khandagale |
|
Designation : |
Director |
|
Address : |
Shrifal Niwas, Channekar Tailor, Balikaashram Road, Bagade mala,
Ahemednagar-414001, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1964 |
|
Date of Appointment : |
30.04.2003 |
|
DIN No.: |
01173430 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U31900MH2002PTC136577 |
Bapusa
Electronics Private Limited |
Director |
22/07/2002 |
22/07/2002 |
- |
Active |
NO |
|
2 |
U32201PN2000PTC015372 |
Shri
Ballaleshwar Manufacturing Company Private Limited |
Director |
30/04/2003 |
30/04/2003 |
- |
Active |
NO |
|
3 |
U74999PN2000PTC015409 |
Shri
Sai Industrial Suppliers Private Limited |
Director |
20/05/2004 |
20/05/2004 |
- |
Active |
|
|
|
|
Name : |
Sanjay Mohanlal Soni |
|
Designation : |
Director |
|
Address : |
Flat No.7194, Ramanlal Building, Juna Kapad Bazar, Ahemednagar-414001,
Mahrashtra, India. |
|
Date of Birth/Age : |
19.05.1976 |
|
Date of Appointment : |
30.04.2003 |
|
DIN No.: |
02706887 |
|
|
|
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U31900MH2002PTC136577 |
Bapusa
Electronics Private Limited |
Director |
9/12/2002 |
9/12/2002 |
- |
Active |
NO |
|
2 |
U32201PN2000PTC015372 |
Shri
Ballaleshwar Manufacturing Company Private Limited |
Director |
30/04/2003 |
30/04/2003 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Bharpute |
|
Designation : |
Account Manager |
|
Address : |
91-9326238026 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2008
|
Names of Shareholders |
No. of Shares |
|
Naresh Balkrisna Oak |
3500 |
|
Narhari Bhimrao Sapkal |
3500 |
|
Bapusaheb Sakharam Khandagale |
1500 |
|
Sanjay Mohanlal Soni |
1500 |
|
Total |
10000 |
Equity Share Breakup
AS ON 29.09.2008
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Electronic Components |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
|
|
|
Customers : |
·
Videocon Group, Ahemednagar-414001 , Maharashtra,
India |
|
|
|
|
No. of Employees : |
150 Approximately (In office-50, In Factory-100) |
|
|
|
|
Bankers : |
·
Fedral Bank, Fort Branch, Mumbai |
|
|
|
|
Facilities : |
|
|
Banking Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vishal Gandhi and Company Chartered Accountant T K Mundra and Company Chartered Accountant |
|
Address : |
“Saras” Opposite Dharmik Pariksha Board, Burudgaon Road, Acharya Anandrushiji
Marg, Ahmednagar-414001, Maharashtra, India |
|
PAN. No.: |
ACSPM2525J |
CAPITAL STRUCTURE
AS ON 31.03.2008
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Millions |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
10.000 |
10.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(1.103) |
(1.120) |
(1.146) |
|
|
NETWORTH |
0.100 |
8.980 |
8.954 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
(1.003) |
8.980 |
8.954 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.006 |
0.006 |
0.006 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
1.141
|
0.031 |
1.436 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.000
|
8.978 |
7.547 |
|
Total
Current Assets |
1.141
|
9.009 |
8.983 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
2.148
|
0.032 |
0.031 |
|
|
Provisions |
0.002
|
0.003 |
0.004 |
|
Total
Current Liabilities |
2.150
|
0.035 |
0.035 |
|
|
Net Current Assets |
(1.009)
|
8.974 |
8.948 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
(1.003) |
8.980 |
8.954 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
0.840 |
3.162 |
4.784 |
|
|
|
TOTAL |
0.840 |
3.162 |
4.784 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Sales |
0.770 |
2.974 |
4.557 |
|
|
|
Administrative Expenses |
0.052 |
0.158 |
0.180 |
|
|
|
Financial Expenses |
0.000 |
0.000 |
0.000 |
|
|
|
Depreciation |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
0.822 |
3.132 |
4.737 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.018 |
0.030 |
0.047 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.002 |
0.003 |
0.006 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.016 |
0.027 |
0.041 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Electronic and Electrical Parts |
0.770 |
2.974 |
4.557 |
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
0.770 |
2.974 |
4.557 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.65 |
2.67 |
4.12 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.90
|
8.54 |
0.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.58
|
0.33 |
0.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
18.00
|
0.33 |
0.52 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2150.00
|
0.39 |
0.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
53.07
|
25740.00 |
25665.71 |
LOCAL AGENCY FURTHER INFORMATION
TRADE REFERENCE:
Videocon Group, Ahmednagar, Maharashtra, India.
PERFORMANCE:
During the year under review, there company earned an Income of Rs.0.840
Million as against an Income Rs.3.162 Million for the previous Year. The Profit
after Tax for the Current year amounted to Rs.0.016 Million as against a Profit
of Rs. 0.027 Million for the previous year.
Directors are exploring various opportunities to improve the performance
of the Company
|
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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
16. Details of sister concerns |
Not Available |
|
17. Major suppliers |
No |
|
18. Major customers |
Yes |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
Not Available |
|
21. Market information |
------- |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
Not Available |
|
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 |
------ |
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.48.91 |
|
|
1 |
Rs.76.53 |
|
Euro |
1 |
Rs.66.43 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
12 |
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.