|
Report Date : |
23.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
NLDK TIMBER PRIVATE LIMITED |
|
|
|
|
Registered Office : |
C-5/42, Safdarjung Development Area, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
24.04.2000 |
|
|
|
|
Com. Reg. No.: |
55-105368 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7.509 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U20299DL2000PTC105368 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELN05212E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer, Exporter and Trader of Wood Products and Wooden Leather
Products. |
|
|
|
|
No. of Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 238480 |
|
|
|
|
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 : |
C-5/42, Safdarjung Development Area, |
|
Tel. No.: |
91-11-29521535 / 29521045 |
|
Mobile No.: |
91-9313783105 (Mr. Deo) |
|
Fax No.: |
91-11-29522100 |
|
E-Mail : |
nandlal@del3.vsnl.net.in,
bndeo@india.com, jatin.pasricha@hotmail.com , bndeo@live.com |
|
Area : |
500 Sq. Mtr. |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
F-230, Lado Sarai, |
|
Tel. No.: |
91-11-26528738/29528738 |
|
Fax No.: |
91-11-26566100 |
|
Area : |
500 Sq. Mtr. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 282, Sector 7, IMT Manesar, Gurgaon, |
|
Tel. No.: |
91-124-4368401 / 2/3 |
|
Area : |
2000 Sq. Mtr. |
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2010
|
Name : |
Mr. Sanjiv Pasricha |
|
Designation : |
Director |
|
Address : |
C-5/42, Safdarjung Development Area, |
|
Date of Birth/Age : |
17.06.1960 |
|
Qualification : |
Graduates |
|
Date of Appointment : |
24.04.2000 |
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 |
U20299DL2000PTC105368 |
NLDK TIMBERS PRIVATE
LIMITED |
Director |
24/04/2000 |
24/04/2000 |
- |
Active |
NO |
|
2 |
U36101DL2004PTC128316 |
LINEAR FURNITURE PRIVATE
LIMITED |
Director |
13/08/2004 |
13/08/2004 |
- |
Active |
NO |
|
Name : |
Mr. Jatin Pasricha |
|
Designation : |
Director |
|
Address : |
C-5/42, Safdarjung Development Area, |
|
Date of Birth/Age : |
06.08.1967 |
|
Qualification : |
Graduates |
|
Date of Appointment : |
24.04.2000 |
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 |
U20299DL2000PTC105368 |
NLDK TIMBERS PRIVATE
LIMITED |
Director |
24/04/2000 |
24/04/2000 |
- |
Active |
NO |
|
2 |
U36101DL2004PTC128316 |
LINEAR FURNITURE PRIVATE
LIMITED |
Director |
13/08/2004 |
13/08/2004 |
- |
Active |
NO |
|
Name : |
Mrs. Saroj Pasricha |
|
Designation : |
Director |
|
Address : |
C-5/42, Safdarjung Development Area, |
|
Date of Birth/Age : |
14.07.1940 |
|
Qualification : |
Graduates |
|
Date of Appointment : |
24.04.2000 |
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 |
U20299DL2000PTC105368 |
NLDK TIMBERS PRIVATE LIMITED
|
Director |
24/04/2000 |
24/04/2000 |
- |
Active |
NO |
|
Name : |
Mr. Darshan Pasricha |
|
Designation : |
Director |
|
Address : |
C-5/42, Safdarjung Development Area, |
|
Date of Birth/Age : |
21.10.1929 |
|
Date of Appointment : |
15.02.2001 |
|
Date of Ceasing: |
12.06.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2010
|
Names of Shareholders |
No. of Shares |
|
Sanjiv Pasricha |
250100 |
|
Jatin Pasricha |
250100 |
|
Saroj Pasricha |
250100 |
|
Aparna Pasricha |
100 |
|
Sulekha Pasricha |
100 |
|
Abhinav Pasricha |
100 |
|
Darshan Kumar Pasricha |
100 |
|
Darshan Kumar Pasricha and Sons (HUF) |
100 |
|
Avantika Pasricha |
100 |
|
Srabony Chakroborty |
10 |
|
Nutan Dev |
10 |
|
Total |
750920 |
Equity share
breakup (percentage of total equity)
AS ON 29.09.2010
|
Category |
Percentage |
|
Directors or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Trader of Wood Products and Wooden Leather
Products. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
Vijaya Bank, D-64, Hauz Khas, New Delhi – 110 016, Delhi, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities: |
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Prekshit Mehta and Company Chartered Accountants |
|
Address : |
82/84, |
|
Tel No.: |
91-22-23321421/23737527 |
|
Fax No.: |
91-22-23317296 |
|
|
|
|
Sister Concern: |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2010
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 |
|
750920 |
Equity Shares |
Rs.10/- each |
Rs.7.509
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
7.509 |
7.509 |
7.509 |
|
|
2] Share Application Money |
0.00 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
52.111 |
44.021 |
36.244 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
59.620 |
51.530 |
43.753 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
80.329 |
75.500 |
49.894 |
|
|
2] Unsecured Loans |
35.909 |
41.213 |
20.324 |
|
|
TOTAL BORROWING |
116.238 |
116.713 |
70.218 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.460 |
0.393 |
|
|
|
|
|
|
|
|
TOTAL |
175.858 |
168.703 |
114.364 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
51.192 |
55.080 |
45.112 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.218 |
0.218 |
0.218 |
|
|
DEFERREX TAX ASSETS |
0.244 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
103.155
|
92.196
|
88.049
|
|
|
Sundry Debtors |
137.978
|
140.727
|
114.082
|
|
|
Cash & Bank Balances |
7.705
|
11.549
|
14.039
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
25.773
|
37.592
|
30.519
|
|
Total
Current Assets |
274.611
|
282.064
|
246.689 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
83.438
|
87.047
|
160.886
|
|
|
Current Liabilities |
55.768
|
58.327
|
|
|
|
Provisions |
11.201
|
23.292
|
16.792
|
|
Total
Current Liabilities |
150.407
|
168.666
|
177.678
|
|
|
Net Current Assets |
124.204
|
113.398
|
69.011
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.007 |
0.023 |
|
|
|
|
|
|
|
|
TOTAL |
175.858 |
168.703 |
114.364 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
225.353 |
342.512 |
260.587 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
216.732 |
328.168 |
244.073 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
8.621 |
14.344 |
16.514 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.594 |
6.567 |
6.630 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
5.027 |
7.777 |
9.884 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.23 |
2.27
|
3.79
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.65
|
4.25
|
5.66
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.28
|
0.38
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.47
|
5.54
|
5.67
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.83
|
1.67
|
1.39
|
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 |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if
applicable) |
-- |
|
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 |
Form No. 8
|
Corporate
identity number of the company |
U20299DL2000PTC105368 |
|
Name of the
company |
NLDK TIMBERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
C-5/42, Safdarjung Development Area, |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge ·
Others |
|
Particular of
charge holder |
Vijaya Bank, D-64, Hauz Khas, New Delhi – 110 016, Delhi, India |
|
Nature of
instrument creating charge |
DOC 56
Hypothecation Agreement, Doc 33 Agreement For Demand Cash Credit Against
Hypothecation of Stocks and Book Debts, Supplementary Agreement |
|
Date of
instrument Creating the charge |
17.08.2009 |
|
Amount secured by
the charge |
Rs.104.969
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest on
Cc(H)Limit Is At Bplr+1.00 = 13.25%(Floating) Terms of
repayment Repayment as per
bank norms Margin Margin As Per
Bank Norms Extent and operation
of the charge 100% Others First Charge By
Way of Hypothecation of Stocks, Book Debts, Continuing Security of Land And
Building, Machinery Valued At Rs.912.68lacs Already Charged To Mortgage
Loan And Secured Loan, Other Existing
Machineries, Other Current &Fixed Assets
And E.M. of Properties At Freehold Industrial Land and Building Admeasuring 1800 Sq. Mtrs Situated At Plot
No.282,Sector-7,Situated At Imt Manesar, Gurgaon Is To Secure The Aggregate Credit
Facilities To The Extent Of Rs. 1049.69lac |
|
Short particulars of the property charged |
First Charge By Way of Hypothecation of
Stocks, Book Debts, Continuing Security Of Land And Building, Machinery
Valued At Rs.91.268 Millions Already Charged To Mortgage Loan And Secured Loan Other Existing
Machineries, Other Current &Fixed Assets
Present And Future E.M. Of Properties At Freehold Industrial Land and
Building Admeasuring 1800 Sq. Mtrs
Situated At Plot No.282,Sector-7,Situated At Imt Manesar, |
|
Date of instrument modifying the charge |
27.03.2008 |
|
Particulars of the present modification |
He Amount Secured Is Modified To
Rs.104.969 Millions To Secure Cch Rs.50.000 Millions,Ilc/Flc Rs.30.000
Millions, Bg Rs.10.000 Millions ,
Sl-Iii Rs.4.065 Millions, Ml 4.815 Millions, Sl-I Rs.3.212 Millions
And Sl Ii Rs.2.877 Millions Aggregating To Rs.104.969 Millions |
FIXED ASSETS
·
Plant and Machinery
·
Computer and Package
·
Furniture and Fixtures
·
Vehicles
·
Land and Building
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.51.99 |
|
|
1 |
Rs.83.53 |
|
Euro |
1 |
Rs.68.39 |
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 |
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 |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.