|
Report Date : |
05.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
OM SATYA IMPEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6, Vidhata Complex, 1st Floor, Opposite Reliance Petrol
Pump, Near Josh Petrol Pump, Bhestan, Surat-395023, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
29.02.2008 |
|
|
|
|
Com. Reg. No.: |
04-053099 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.950 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109GJ2008PTC053099 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTO00349G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCO0096J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Importers of Multi Head Computerized Embroidery Machine
and Accessories Related to Embroidery Segments. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 140000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
6, Vidhata Complex, 1st Floor, Opposite Reliance Petrol
Pump, Near Josh Petrol Pump, Bhestan, Surat-395023, Gujarat, India |
|
Tel. No.: |
91-261-2890457 / 2892007 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Rajesh Om Prakash Gupta |
|
Designation : |
Director |
|
Address : |
3-C, 3-C, Ratan
Nilam Apartment, Ratnadham Complex, Near Reliance Town Ship, Piplod,
Surat-395007, Gujarat, India |
|
Date of Birth/Age : |
25.07.1970 |
|
Date of Appointment : |
29.02.2008 |
|
DIN No.: |
00113248 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U51494GJ2006PTC047433 |
OMSATYA
EXIM PRIVATE LIMITED |
Director |
02-01-06 |
02-01-06 |
Active |
NO |
|
2 |
U51109GJ2008PTC053099 |
OM
SATYA IMPEX PRIVATE LIMITED |
Director |
29-02-08 |
29-02-08 |
Active |
NO |
|
3 |
U74140GJ2008PTC055160 |
KAILASH
BHAGWATI ASSOCIATES PRIVATE LIMITED |
Director |
01-10-08 |
01-10-08 |
Active |
NO |
|
4 |
U17231GJ2010PTC059389 |
OM
SATYA THREADS PRIVATE LIMITED |
Director |
18-04-11 |
18-04-11 |
Active |
NO |
|
Name : |
Mr. Anilkumar Didwania |
|
Designation : |
Director |
|
Address : |
902, Divya Jyot Apartment,
Behind City Light Road, Near Agri Land Surat, Gujarat, India |
|
Date of Birth/Age : |
17.09.1970 |
|
Date of Appointment : |
29.02.2008 |
|
DIN No.: |
00143098 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U51494GJ2006PTC047433 |
OMSATYA
EXIM PRIVATE LIMITED |
Director |
02-01-06 |
02-01-06 |
Active |
NO |
|
2 |
U51109GJ2008PTC053099 |
OM
SATYA IMPEX PRIVATE LIMITED |
Director |
29-02-08 |
29-02-08 |
Active |
NO |
|
3 |
U74140GJ2008PTC055160 |
KAILASH
BHAGWATI ASSOCIATES PRIVATE LIMITED |
Director |
01-10-08 |
01-10-08 |
Active |
NO |
|
4 |
U17231GJ2010PTC059389 |
OM
SATYA THREADS PRIVATE LIMITED |
Director |
02-02-10 |
02-02-10 |
Active |
NO |
|
Name : |
Mr. Vikash Tibrewal |
|
Designation : |
Director |
|
Address : |
101, Samruddhi Flats,
City Light Road, Near Aanchal Plots, Surat-395007, Gujarat, India |
|
Date of Birth/Age : |
02.02.1980 |
|
Date of Appointment : |
29.02.2008 |
|
DIN No.: |
00143136 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U51494GJ2006PTC047433 |
OMSATYA
EXIM PRIVATE LIMITED |
Director |
02-01-06 |
02-01-06 |
Active |
NO |
|
2 |
U51109GJ2008PTC053099 |
OM
SATYA IMPEX PRIVATE LIMITED |
Director |
29-02-08 |
29-02-08 |
Active |
NO |
|
3 |
U74140GJ2008PTC055160 |
KAILASH
BHAGWATI ASSOCIATES PRIVATE LIMITED |
Director |
01-10-08 |
01-10-08 |
Active |
NO |
|
4 |
U17231GJ2010PTC059389 |
OM
SATYA THREADS PRIVATE LIMITED |
Director |
02-02-10 |
02-02-10 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Rajesh Omprakash Gupta |
48265 |
|
Anilkumar Didwania |
48265 |
|
Vikash Tibrewal |
48265 |
|
Balvantrai Chotalal [HUF] |
1 |
|
Sunita Adukiya (Champion Silk Mills) |
1 |
|
Deepakkant Shivkumar Joshi |
13 |
|
Sunita Adukiya (Jiggy Tex) |
1 |
|
Sarla R. Bajaj (Priyanka Silk Mills) |
1 |
|
Ramanlal Balvantrai [HUF] |
1 |
|
Sangeeta V Jain |
1 |
|
Dimple Gupta |
48265 |
|
Omprakash Gupta |
48265 |
|
Satya O. Gupta |
48265 |
|
Kashiprasad Tibrewal |
48265 |
|
Jyoti S Agarwal |
35875 |
|
Jaya Didwania |
48265 |
|
Pradeep Didwania |
12370 |
|
Swati Tibrewal |
48265 |
|
Lalita Tibrewal |
12370 |
|
Total |
495019 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
92.75 |
|
Other top fifty shareholders |
7.25 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importers of Multi Head Computerized Embroidery
Machine and Accessories Related to Embroidery Segments. |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
|
|
|
|
Coated Poly Rolls |
Kgs. |
224833.269 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
ING Vysya Bank Limited, Shop No.1 to 6, Surya Plaza, Ground Floor, Near
Udhana Darwaja, Ring Road, Surat-395002, Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Shivkumar Agarwal and Company Chartered Accountant |
|
Address : |
701 to 703, Golden Plaza, Near Kinnary Cinema, Ring Road,
Surat-395002, Gujarat, India |
|
Tel. No.: |
91-261-2345495 |
|
E-Mail : |
|
|
Pan No.: |
ACCPA7126M |
|
|
|
|
Associates : |
·
Om Satya Exim Private Limited ·
Kailash Bhagwati Associates Private Limited |
|
|
|
|
Parties in which key managerial personnel of the company are
interested : |
·
Hari Industries |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
495019 |
Equity Shares |
Rs.10/- each |
Rs. 4.950
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
4.950 |
4.950 |
4.950 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
30.076 |
26.534 |
24.144 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
35.026 |
31.484 |
29.094 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
25.296 |
19.149 |
0.000 |
|
|
2] Unsecured Loans |
19.792 |
5.329 |
23.845 |
|
|
TOTAL BORROWING |
45.088 |
24.478 |
23.845 |
|
|
DEFERRED TAX LIABILITIES |
0.701 |
0.138 |
0.069 |
|
|
|
|
|
|
|
|
TOTAL |
80.815 |
56.100 |
53.008 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
26.590 |
4.975 |
3.061 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.525 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
52.014
|
28.564 |
1.246 |
|
|
Sundry Debtors |
85.534
|
16.014 |
81.322 |
|
|
Cash & Bank Balances |
7.824
|
1.208 |
5.198 |
|
|
Other Current Assets |
0.000
|
0.000 |
2.817 |
|
|
Loans & Advances |
38.419
|
39.666 |
85.461 |
|
Total
Current Assets |
183.791
|
85.452 |
176.044 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
41.131
|
13.895 |
39.713 |
|
|
Other Current Liabilities |
87.770
|
19.401 |
85.440 |
|
|
Provisions |
1.248
|
1.119 |
1.062 |
|
Total
Current Liabilities |
130.149
|
34.415 |
126.215 |
|
|
Net Current Assets |
53.642
|
51.037 |
49.829 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.058 |
0.088 |
0.118 |
|
|
|
|
|
|
|
|
TOTAL |
80.815 |
56.100 |
53.008 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
771.096 |
794.426 |
772.749 |
|
|
|
Other Income |
8.143 |
5.958 |
4.454 |
|
|
|
TOTAL (A) |
779.239 |
800.384 |
777.203 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material |
736.603 |
764.656 |
748.857 |
|
|
|
Direct Expenses |
8.961 |
4.751 |
13.868 |
|
|
|
Administrative Expenses |
18.078 |
17.177 |
8.222 |
|
|
|
Selling Expenses |
4.368 |
3.010 |
0.409 |
|
|
|
Preliminary Expenses Written Off |
0.029 |
0.029 |
0.029 |
|
|
|
TOTAL (B) |
768.039 |
789.623 |
771.385 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
11.200 |
10.761 |
5.818 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.932 |
6.997 |
2.516 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.268 |
3.764 |
3.302 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.914 |
0.184 |
0.078 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.354 |
3.580 |
3.224 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.249 |
1.121 |
1.062 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4.105 |
2.459 |
2.162 |
|
|
|
|
|
|
|
|
|
|
Deferred Tax
Expenses |
0.563 |
0.070 |
0.069 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.482 |
2.093 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
8.024 |
4.482 |
2.093 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.29 |
4.37 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.53
|
0.31 |
0.28 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.69
|
0.45 |
0.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.54
|
3.96 |
1.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.11 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.02
|
1.87 |
5.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41
|
2.48 |
1.39 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8
|
Corporate
identity number of the company |
U51109GJ2008PTC053099 |
|
Name of the
company |
OM SATYA IMPEX
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
6, Vidhata Complex, 1st Floor, Opposite Reliance Petrol Pump, Near Josh Petrol Pump, Bhestan, Surat-395023, Gujarat, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Book debts Floating charge Others |
|
Particular of
charge holder |
ING Vysya Bank Limited, Shop No.1 to 6, Surya Plaza, Ground Floor, Near Udhana Darwaja, Ring Road, Surat-395002, Gujarat, India |
|
Nature of
instrument creating charge |
Supplemental Deed
of Hypothecation. |
|
Date of
instrument Creating the charge |
18.07.2011 |
|
Amount secured by
the charge |
Rs. 122.875
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest CC : IVBR+2.55% BC : Commission
as per terms. TL(Existing) : No
Change Terms of repayment CC : On Demand BC : Maximum
usance period is 120 days. TL(Existing) : No
Change Margin CC : 25% on
stocks and 40% on book debts. BC : Nil TL(Existing) : No
Change Extent and operation of the charge First charge on
the current assets of the company both present and future. Other The Supplemental
Deed of Hypothecation is covered by the limit of Rs. 56.375 Millions. |
|
Short particulars
of the property charged (Including location of the property) |
All the current
assets of the company both present and future. |
|
Charge
identification number of the charge to be modified |
10107729 |
|
Particulars of
the present modification |
There is no change
in the total limit of Rs. 122.875 Millions in which the limit of Rs. 56.375
Millions is additionally secured by the supplemental deed of hypothecation. All other terms
and conditions are remain same. |
FIXED ASSETS
·
Office Equipments
·
Plant and Machinery
·
Vehicles
·
Shop
·
Building
·
Land
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. 51.04 |
|
|
1 |
Rs. 81.08 |
|
Euro |
1 |
Rs. 67.39 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
44 |
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.