MIRA
INFORM REPORT
|
Report Date : |
21.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
COMPAGE AUTOMATION SYSTEMS PRIVATE LIMITED |
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Registered
Office : |
203, Bhanot Plaza, 2nd 3 D.B. Gupta Road, Pahar Ganj, New
Delhi - 110055 |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
17.03.1993 |
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Com. Reg. No.: |
55-052632 |
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Capital
Investment / Paid-up Capital : |
Rs.4.750 Millions |
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|
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CIN No.: [Company Identification
No.] |
U74899DL1993PTC052632 |
|
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELC07214E |
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PAN No.: [Permanent Account No.] |
AAACC3923F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is involved in designing, hardware supply, software development, installation and commissioning. |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 83000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow But correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, trade relations are reported as fair.
Business is active. Payments are reported to be slow but correct. The company can be considered for small 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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
|
Registered Office : |
203, Bhanot Plaza, 2nd 3 D.B. Gupta Road, Pahar Ganj, New
Delhi - 110055 |
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Tel. No.: |
91-11-23589778 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory : |
20-21, New DLF Industrial Area, |
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Tel. No.: |
91-129-2272335 |
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Fax No.: |
91-129-2272336 |
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E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Anil Aggarwal |
|
Designation : |
Chairman – cum – Managing Director |
|
Address : |
D-58, Sector -41, Gautam Budh Nagar, Noida – 201301, |
|
Date of Birth/Age : |
13.09.1954 |
|
Date of Appointment : |
17.03.1993 |
|
DIN No.: |
00847376 |
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|
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Name : |
Mrs. Meenu Aggarwal |
|
Designation : |
Director |
|
Address : |
D-58, Sector -41, Gautam Budh Nagar, Noida – 201301, |
|
Date of Birth/Age : |
30.09.1956 |
|
Date of Appointment : |
17.03.1993 |
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DIN No.: |
02354629 |
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|
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Name : |
Mr. Akshay Aggarwal |
|
Designation : |
Director |
|
Address : |
D-58, Sector -41, Gautam Budh Nagar, Noida – 201301, |
|
Date of Birth/Age : |
13.05.1984 |
|
Date of Appointment : |
28.02.2005 |
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DIN No.: |
02403792 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Anil Aggarwal |
|
399800 |
|
Meenu Aggarwal |
|
72100 |
|
Sunil Aggarwal |
|
3100 |
|
Akshay Aggarwal |
|
60000 |
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Total |
|
535000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is involved in designing, hardware supply,
software development, installation and commissioning. |
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Products : |
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GENERAL INFORMATION
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
Bank Of |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Amitabh and Company Chartered Accountants |
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Address : |
A-152, Sector-41, Noida – 201301, |
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Tel. No.: |
91-120-2502398 / 2570617 |
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Mobile No.: |
9811070475 / 9911573621 |
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PAN.: |
ACFPG8383H |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Millions |
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
535000 |
Equity Shares |
Rs.10/- each |
Rs.5.350
Millions |
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As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.00 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
475000 |
Equity Shares |
Rs.10/- each |
Rs.4.750
Millions |
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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 |
4.750 |
4.150 |
3.100 |
|
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2] Share Application Money |
0.000 |
0.000 |
0.00 |
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3] Reserves & Surplus |
16.154 |
15.939 |
15.793 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
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NETWORTH |
20.904 |
20.089 |
18.893 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
11.644 |
11.536 |
8.225 |
|
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2] Unsecured Loans |
0.100 |
0.225 |
0.100 |
|
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TOTAL BORROWING |
11.744 |
11.761 |
8.325 |
|
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DEFERRED TAX LIABILITIES |
0.148 |
0.069 |
0.495 |
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|
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TOTAL |
32.796 |
31.919 |
27.713 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
17.991 |
18.381 |
18.500 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
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|
Inventories |
21.086
|
12.683 |
9.970 |
|
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Sundry Debtors |
3.947
|
3.297 |
4.532 |
|
|
Cash & Bank Balances |
0.701
|
0.974 |
0.245 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
1.100
|
0.765 |
0.562 |
|
Total
Current Assets |
26.834
|
17.719 |
15.309 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5.971
|
3.853 |
5.089 |
|
|
Other Current Liabilities |
0.185
|
0.263 |
0.832 |
|
|
Provisions |
5.873
|
0.065 |
0.175 |
|
Total
Current Liabilities |
12.029
|
4.181 |
6.096 |
|
|
Net Current Assets |
14.805
|
13.538 |
9.213 |
|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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|
|
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TOTAL |
32.796 |
31.919 |
27.713 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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Income |
17.305 |
13.010 |
20.310 |
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Other Income |
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TOTAL (A) |
17.305 |
13.010 |
20.310 |
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Less |
EXPENSES |
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|
|
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|
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|
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|
Administrative Expenses |
14.677 |
11.112 |
17.879 |
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Advertising Expenses |
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TOTAL (B) |
14.677 |
11.112 |
17.879 |
|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.628 |
1.898 |
2.431 |
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Less |
FINANCIAL
EXPENSES (D) |
1.732 |
1.144 |
1.516 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.896 |
0.754 |
0.915 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.584 |
0.544 |
0.514 |
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|
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PROFIT BEFORE
TAX (E-F) (G) |
0.312 |
0.210 |
0.401 |
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Less |
TAX (H) |
0.186 |
0.065 |
0.184 |
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|
PROFIT AFTER TAX
(G-H) (I) |
0.126 |
0.145 |
0.226 |
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.950 |
0.805 |
0.579 |
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|
BALANCE CARRIED
TO THE B/S |
1.076 |
0.950 |
0.805 |
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IMPORTS |
|
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|
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|
Raw Materials |
0.000 |
4.150 |
3.100 |
|
|
|
Capital Goods |
0.000 |
5.191 |
0.000 |
|
|
TOTAL IMPORTS |
0.000 |
9.341 |
3.100 |
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|
Earnings Per
Share (Rs.) |
0.45 |
0.35 |
0.38 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.73
|
1.11 |
1.11 |
|
|
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|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.70
|
0.58 |
1.89 |
|
|
|
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|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.01 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.14
|
0.79 |
0.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.23
|
4.24 |
2.51 |
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 |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
Yes |
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8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last two years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
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18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
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 |
PERFORMANCE OF THE COMPANY AND FUTURE OUTLOOK
During the year, the company's gross receipts were Rs.17.304 Millions as against Rs.13.010 Millions in 2009-10. Net profit stands at Rs.0.215 Millions in 2010-11 as against Rs.0.146 Millions in 2009-10. The company is expanding its product range to improve revenues.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74899DL1993PTC052632 |
|
Name of the
company |
COMPAGE AUTOMATION SYSTEMS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
203, Bhanot Plaza, 2nd 3 D.B. Gupta Road, Pahar Ganj, New Delhi - 110055 |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
8002194 |
|
Type of charge |
|
|
Particular of
charge holder |
Bank Of |
|
Nature of
instrument creating charge |
Supplemental Deed
of Hypothecation |
|
Date of
instrument Creating the charge |
25.01.2012 |
|
Amount secured by
the charge |
Rs.13.500
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest CC (Hypothecation
Of Stocks) Limit and CC (Hypothecation of Book Debts): 3.50% over Base Rate
presently 14.25% p.a. with monthly rests. LC, Bank
Guarantee (I) : As per Card Rates. Terms of Repayment On demand. Margin As prescribed by
the Bank from time to time. Extent and Operation of the charge First charge on
all the hypothecated movable assets of the Company as described in Others The charge is modified
to secure the following revised credit facilities granted by Bank to the
Company :- 1. Cash Credit
(Hypothecation Of Stock) -Rs.7.500 Millions 2.Cash Credit
(Hypothecation Of Book Debts) -Rs.5.000 Millions Max. (1+2) A - Rs.12.500 Millions 3. LC - Rs.1.000
Millions 4. Bank
Guarantee - Rs.1.000 Millions Max. (3+4) B - Rs.1.000 Millions Total
A + B - Rs.13.500
Millions |
|
Date of
instrument modifying the charge |
23.12.2009 |
|
Particulars of
the present modification |
The amount
secured by the charge stands enhanced from Rs.11.000 Millions to Rs.13.500
Millions to secure the following revised credit facilities granted by Bank to
the Company :- 1. Cash Credit
(Hypothecation Of Stock) -Rs.7.500 Millions 2.Cash Credit
(Hypothecation Of Book Debts)-Rs.5.000 Millions Max. (1+2) A -
Rs.12.500 Millions 3. LC - Rs.1.000 Millions 4. Bank
Guarantee - Rs.1.000 Millions Max. (3+4) B
- Rs.1.000 Millions Total
A + B - Rs.13.500
Millions |
Fixed Assets
- Computer
- Air Conditioner
- Plant and Machinery
- Furniture and Fixtures
- Fax Machinery
- Storage and Racks
- Generator
- Electic Fitting
- Tools and Dyes
- Fire Extinguisher
- Vehicle
- Office Equipment
- Refrigerator
- Chain Puly
- Factory Promises
- Scooter
- Camera
- Digital Clamp
- EPBS System
- Lap Top
- Weight Scale
- Head Pump
- Gas Cylender
- Land
- Printer
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.52.00 |
|
|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.68.40 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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.