|
Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
ADITYA NONWOVEN FABRICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Kansal Brothers, C-21, Acharya Niketan, Mayur Vihar, Phase-I, New
Delhi-110091 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
15.03.2011 |
|
|
|
|
Com. Reg. No.: |
55-215882 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17200DL2011PTC215882 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Non Woven Fabrics. |
|
|
|
|
No. of Employees
: |
20 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Maximum Credit Limit : |
USD 400 |
|
|
|
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company and yet to establish its satisfactory track.
Through the company was incorporated in March 2011, it has started its production
from December 2011. Business is active. Payments 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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. Aditya Ram Chander Mittal |
|
Designation : |
Director |
|
Contact No.: |
91-9215620000 |
|
Date : |
14.04.2012 |
LOCATIONS
|
Registered Office : |
Kansal Brothers, C-21, Acharya Niketan, Mayur Vihar, Phase-I, New
Delhi-110091, |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9215620000 [Mr. Aditya Ram Chander Mittal] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
500 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 131, Sector 21, Industrial Area, Bhiwani-127021, Haryana |
|
Area : |
1000 sq. ft. |
|
Location : |
Rented |
DIRECTORS
As on 27.09.2011
|
Name : |
Mr. Aditya Ram Chander Mittal |
|
Designation : |
Director |
|
Address : |
52, Bajrang Bali Colony, Bhiwani-127021, Haryana, India |
|
Date of Birth/Age : |
31.10.1989 |
|
Date of Appointment : |
15.03.2011 |
|
Din No.: |
02699021 |
|
|
|
|
Name : |
Mr. Ram Chander Sidh Kishore Mittal |
|
Designation : |
Director |
|
Address : |
52, Bajrang Bali Colony, Bhiwani-127021, Haryana, India |
|
Date of Birth/Age : |
06.10.1964 |
|
Date of Appointment : |
15.03.2011 |
|
Din No.: |
02699039 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ram Chander Sidh Kishore Mittal |
|
37500 |
|
Aditya Ram Chander Mittal |
|
98400 |
|
Mahabir Parsad |
|
23200 |
|
Manju Devi |
|
5000 |
|
Deepmala Singhal |
|
20000 |
|
Pawan Kumar, Mahabir Parsad Singhal HUF |
|
12500 |
|
Suman |
|
5000 |
|
Somvir Sharma |
|
15000 |
|
Gauri Shankar Mittal |
|
18550 |
|
Pawan Kumar Goyal |
|
17750 |
|
Sunita Saraf |
|
24900 |
|
Jitender Kumar Basia |
|
2500 |
|
Jitender Kumar Basia HUF |
|
5000 |
|
Payal Basia |
|
5000 |
|
Bhushan Kumar |
|
16500 |
|
Rekha Khemka |
|
16500 |
|
Ankit Kansal |
|
26400 |
|
Bishnu Kumar Gupta |
|
3300 |
|
Ankt Mangal |
|
3300 |
|
Prem Kumar Jindal |
|
33000 |
|
Sangeeta Jindal |
|
33000 |
|
Faqur Chand |
|
4950 |
|
Sushil Kumar |
|
18150 |
|
Neelam Gupta |
|
19800 |
|
Praveen Kansal |
|
19800 |
|
|
|
|
|
Total |
|
485000 |
As on 27.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
41.60 |
|
Other
top fifty shareholders |
|
58.40 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Non Woven Fabrics. |
|
|
|
|
Imports : |
|
|
Products : |
Machinery |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
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|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Reliance Industries Private Limited, Faridabad |
|
|
|
|
Customers : |
Wholesalers and Retailers ·
Central Leather, New Delhi |
|
|
|
|
No. of Employees : |
20 [Approximately] |
|
|
|
|
Bankers : |
Bank of India, Bhiwani-127021, Haryana, India |
|
|
|
|
Facilities : |
Cash Credit Rs.15.500 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N.D. Gupta and Company Chartered Accountants |
|
Address : |
14, 1st Floor, K.M. Market, Clock Tower, Railway Road,
Bhiwani-127021, Haryana, India |
|
Pan No.: |
ADCPG3260D |
|
|
|
|
Associates/Subsidiaries : |
·
Mittal Synthetic Address: Plot 91, Sector 21, Bhiwani,
Haryana, India Line of Business: Manufacturer of Non Woven
Fabrics. |
CAPITAL STRUCTURE
As on 27.09.2011
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 |
|
485000 |
Equity Shares |
Rs.10/- each |
Rs.4.850
Millions |
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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 |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.100 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.085 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.085 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.004 |
|
Total
Current Liabilities |
|
|
0.004 |
|
|
Net Current Assets |
|
|
0.081 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.019 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.100 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover [Approximately] |
|
|
10.000 |
Expected Sales (2012-13) : Rs.180.000 Millions.
The above information has been parted by Mr. Aditya Ram Chander Mittal.
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
21.25 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last one year |
Yes |
|
12) Profitability for last three years |
No |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
Yes |
|
18) Major customers |
Yes |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U17200DL2011PTC215882 |
|
Name of the
company |
ADITYA NONWOVEN
FABRICS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Kansal Brothers, C-21, Acharya Niketan, Mayur Vihar, Phase-I, New
Delhi-110091, India |
|
Type of charge |
Book Debts Immovable
Property Others |
|
Particular of
charge holder |
Bank of India, Bhiwani-127021, Haryana, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
IFD-10
Hypothecation cum Loan agreement of Plant and Machinery, Stocks and Book
debts dated 01.09.2011 |
|
Date of instrument
Creating the charge |
01.09.2011 |
|
Amount secured by
the charge |
Rs.34.100
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest On term Loan 5% over
base rate, presently 15.75% p.a. at Monthly rest including tenure prem, On CC
Limit 4% over base rate presently 14.75% p.a. at Monthly rest, rising or
falling Terms of
Repayment 1. Term loan of
Rs.18.600 millions is repayable in 78 Monthly Installments of Rs.0.238
million each plus interest commencing from March 2012; Interest during
moratorium period will be served as and when debited to the loan account.
Door tenure is 84 months. 2. CC limit of
Rs. 15.500 Millions repayable on demand. Margin 25.00% minimum Extent and
Operation of the charge Term Loan of Rs.
18.600 Millions and C/C limit of Rs. 15.500 Millions totaling Rs. 34.100
Millions. |
|
Short particulars
of the property charged |
Equitable mortgage
of residential house measuring 600 sq. yards situated at H.No.52, Bajrang
Bali colony, Bhiwani-127021 owned by Sh. Ram Chander (Director) S/o Sh. Sidh
Kishore. Equitable
mortgage of lawn/plot measuring 135 sq. yards adjoining to H.No.52, Bajrang Bali
colony, Bhiwani-127021 owned by Sh. Ram Chander (Director) S/o Sh. Sidh
Kishore. Equitable
mortgage of plot with boundary wall situated at Bajrang Bali colony, Behind
Bhagwati Dharamshala, Bhiwani-127021 measuring 460 sq. yards. Equitable
mortgage of plot with boundary wall situated at MC colony road adjoining
Bajrang Bali Colony Bhiwani measuring 333 sq. yards in the name of Bishnu
Gupta S/o Sh. Shyam Lal (Proposed Guarantor) |
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.51.50 |
|
|
1 |
Rs.81.99 |
|
Euro |
1 |
Rs.67.54 |
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.