31. Summary Information
|
|
|
Country |
|
|
Company Name |
SAKSHAM IMPEX
PRIVATE LIMITED |
Principal Name 1 |
Mr. Ashish Dubey |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Vishwajeet Dubey |
|
|
|
Registration # |
55-117070 |
|
Street Address |
321-S, Ground Floor, |
||
|
Established Date |
20.09.2002 |
SIC Code |
-- |
|
Telephone# |
91-11-41630336 |
Business Style 1 |
Importer |
|
Fax # |
91-11-41664819 |
Business Style 2 |
Buyer |
|
Homepage |
Product Name 1 |
Food Products |
|
|
# of employees |
Not Available |
Product Name 2 |
|
|
Paid up capital |
Rs. 6,100,000 /- |
Product Name 3 |
|
|
Shareholders |
Bodies corporate (not mentioned above 16.39% Directors or relatives of Directors 83.61% |
Banking |
Union
Bank Of |
|
Public Limited Corp. |
No |
Business Period |
9 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
62,211,000 |
Current Liabilities |
59,410,000 |
|
Inventories |
37,145,000 |
Long-term Liabilities |
5,781,000 |
|
Fixed Assets |
6,860,000 |
Other Liabilities |
4,834,000 |
|
Deferred Assets |
0.000 |
Total Liabilities |
70,025,000 |
|
Invest& other Assets |
890,000 |
Retained Earnings |
30,981,000 |
|
|
|
Net Worth |
37,081,000 |
|
Total Assets |
107,106,000 |
Total Liab. & Equity |
107,106,000 |
|
Total Assets (Previous Year) |
75,246,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Turnover |
246,479,000 |
Net Profit |
4,657,000 |
|
Turnover (Previous yr) |
165,912,000 |
Net Profit(Prev.yr) |
3,478,000 |
|
Report Date : |
18.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
SAKSHAM IMPEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
321-S, Ground Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.09.2002 |
|
|
|
|
Com. Reg. No.: |
55-117070 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs. 6.100 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL2002PTC117070 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS24730G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCS6018K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importer and Buyer
of Food Products |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 148000 |
|
|
|
|
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) |
|
|
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 : |
321-S, Ground Floor, Chirag Dilli , |
|
|
Tel. No.: |
91-11-41630336 |
|
|
Fax No.: |
91-11-41664819 |
|
|
E-Mail : |
|
|
|
Website : |
|
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Ashish Dubey |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
321-S, Ground Floor, Chirag Dilli, |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.07.1975 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
20.09.2002 |
||||||||||||||||||||||||||||||||||||
|
Din Number: |
00534538 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vishwajeet Dubey |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
321-S, Ground Floor, Chirag Dilli, |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.07.1937 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
20.09.2002 |
||||||||||||||||||||||||||||||||||||
|
Din Number: |
00534521 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
Ashish Dubey |
|
509500 |
|
Vishwajeet Dubey |
|
500 |
|
Saraogi Marketing Private Limited, |
|
100000 |
|
Total |
|
610000 |
(AS ON 30.09.2011)
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
16.39 |
|
Directors or relatives of directors |
|
83.61 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer and
Buyer of Food Products |
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Union Bank Of · ICICI Bank |
|||||||||||||||||||||
|
|
Rs.
in Millions |
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B. P. Agarwal and Company Chartered Accountants |
|
Address : |
E-931, CR Park, |
|
Phone No. : |
91-11-41602789 |
|
Pan Number: |
AACFB8769M |
CAPITAL STRUCTURE
(AS ON 31.03.2011)
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 |
|
|
|
|
|
|
610000 |
Equity Share |
Rs.10/- each |
Rs. 6.100 Millions |
|
|
|
|
|
s
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 |
6.100 |
6.100 |
6.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
30.981 |
26.324 |
22.845 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
37.081 |
32.424 |
28.945 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4.359 |
7.023 |
6.332 |
|
|
2] Unsecured Loans |
1.421 |
1.602 |
4.031 |
|
|
TOTAL BORROWING |
5.781 |
8.625 |
10.363 |
|
|
DEFERRED TAX LIABILITIES |
0.026 |
0.144 |
0.170 |
|
|
|
|
|
|
|
|
TOTAL |
42.888 |
41.193 |
39.478 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6.860 |
6.237 |
7.239 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.890 |
0.051 |
0.051 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
37.145
|
36.846 |
33.237
|
|
|
Sundry Debtors |
49.618
|
26.943 |
25.763
|
|
|
Cash & Bank Balances |
1.295
|
1.915 |
0.702
|
|
|
Other Current Assets |
5.696
|
0.891 |
4.283
|
|
|
Loans & Advances |
5.602
|
2.363 |
1.744
|
|
Total
Current Assets |
99.356
|
68.958 |
65.729 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
59.410
|
31.093 |
29.236
|
|
|
Other Current Liabilities |
0.000
|
0.470 |
2.985
|
|
|
Provisions |
4.808
|
2.490 |
1.320
|
|
Total
Current Liabilities |
64.218
|
34.053 |
33.541 |
|
|
Net Current Assets |
35.138
|
34.905 |
32.188 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
42.888 |
41.193 |
39.478 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
TURNOVER |
246.479 |
165.912 |
139.222 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
239.878 |
165.912 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
6.601 |
5.034 |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.944 |
1.556 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4.657 |
3.478 |
2.402 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.64 |
5.70 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.89
|
2.10 |
1.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.21
|
6.70 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.16 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.73
|
1.05 |
1.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55
|
2.03 |
1.96 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Construction
of the firm |
Yes |
|
Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
No |
|
Name
of Person Contacted |
No |
|
Designation
of contact person |
No |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
- |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
No |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
CORPORATE RESULTS:
The company saw major jump a turnover from
165.912 Millions to Rs. 246.479 Millions during the year. The company also earned
a surplus of Rs.4.657 Millions (Rs. 3.478 Millions PY) after tax. The company
plans to get in to market more aggressively and is bent on picking up better
products.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U51909DL2002PTC117070 |
|
Name of the
company |
SAKSHAM IMPEX PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
321-S Ground Floorchiragh Dilli, |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10141374 |
|
Type of charge |
|
|
Particular of
charge holder |
Union Bank of D-43,South Extension Part-1, |
|
Nature of
instrument creating charge |
Hypothecation Agreement of Goods and Debts(Sd-06) |
|
Date of
instrument Creating the charge |
09.12.2011 |
|
Amount secured by
the charge |
Rs. 20.000 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Base rate + 2.5% i.e. 13.25% p.a. With monthly rests Terms of
repayment On Demand Margin 25%stock and Book Debts Extent and
operation of the charge 100% Others: Cash credit limit of Rs. 7.500 Millions increased to Rs. 20.000
Millions |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First charge on Hypothecation of stock and book debts present and
future |
|
Particulars of
the present modification |
Collateral security mortgage of shop at 126, 1st floor, business
Tower, |
|
Date of last
modification prior to the present modification |
16.06.2010 |
|
Particulars of the present modification |
Cash credit limit of Rs. 7.500 Millions increased to Rs. 20.000
Millions |
FIXED ASSETS
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. 51.63 |
|
|
1 |
Rs. 81.94 |
|
Euro |
1 |
Rs. 57.65 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
|
|
--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 |
|
46 |
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.