|
Report Date : |
25.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
DAK CRANE INDIA LIMITED |
|
|
|
|
Registered
Office : |
17C, LIG Flat, Pocket-12, Jashola, New Delhi - 110025 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
04.02.2009 |
|
|
|
|
Com. Reg. No.: |
55-187267 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U35122DL2009PLC187267 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELD12060G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCD0854F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers,
Exporters, Importers, Service Providers, Traders and Suppliers of Truck Mounted Crane, Hydraulic Truck Mounted Crane |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
appears to be under pressure. However, trade relations are reported as fair.
Business is active. Payments are reported to be slow. The company can be considered for business dealings on a safe and
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 DECLINED BY
|
Name : |
Mr. Ajay Gupta |
|
Designation : |
Director |
|
Contact No.: |
91-9711060205 |
|
Date : |
16.04.2012 |
LOCATIONS
|
Registered Office : |
17C, LIG Flat, Pocket-12, Jashola, New Delhi – 110025, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9711060205 (Mr. Ajay Gupta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
CW-67, Sanjay Gandhi Transport Nagar, Delhi – 110042, India |
|
Tel. No.: |
91-11-22522809 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Ajay Kumar Gupta |
|
Designation : |
Director |
|
Address : |
C-72, Brij Vihar , Ghaziabad – 201011, Uttar Pradesh, India |
|
Date of Birth/Age : |
18.01.1983 |
|
Date of Appointment : |
04.02.2009 |
|
DIN No.: |
00608315 |
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 |
U85121DL2006PTC152200 |
ALPEX
HEALTHCARE PRIVATE LIMITED |
Director |
19-08-06 |
19-08-06 |
14-01-10 |
Active |
|
|
2 |
U35122DL2009PLC187267 |
DAK
CRANE INDIA LIMITED |
Director |
04-02-09 |
04-02-09 |
- |
Active |
NO |
|
3 |
U74140DL2011PTC219788 |
DAK
CRANE MARKETING PRIVATE LIMITED |
Director |
25-05-11 |
25-05-11 |
- |
Active |
NO |
|
4 |
U74999DL2011PTC229190 |
OCEAN
BIO SYSTEMS PRIVATE LIMITED |
Director |
23-12-11 |
23-12-11 |
- |
Active |
NO |
|
Name : |
Mr. Deep Narayan |
|
Designation : |
Director |
|
Address : |
113, W-6, Ashiana Nagar, Phase- I, Patna – 800025, Bihar, India |
|
Date of Birth/Age : |
10.02.1945 |
|
Date of Appointment : |
04.02.2009 |
|
DIN No.: |
02453850 |
|
|
|
|
Name : |
Mrs. Geeta Devi |
|
Designation : |
Director |
|
Address : |
113, W-6, Ashiana Nagar, Phase- I, Patna – 800025, Bihar, India |
|
Date of Birth/Age : |
10.11.1950 |
|
Date of Appointment : |
04.02.2009 |
|
DIN No.: |
02454766 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ajay Kumar Gupta |
|
10000 |
|
Geeta Devi |
|
1000 |
|
Deep Narayan |
|
1000 |
|
Sashi Lal |
|
10000 |
|
Satya Narayan Gupta |
|
1000 |
|
Rakesh Gupta |
|
1000 |
|
Amit Kishore |
|
1000 |
|
Drogobych Truck Crane Plant |
|
25000 |
|
Total |
|
50000 |
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 : |
Manufacturers, Exporters, Importers, Service Providers,
Traders and Suppliers of Truck Mounted Crane, Hydraulic Truck Mounted
Crane |
|
|
|
|
Products : |
Truck Mounted
Crane Hydraulic Truck
Mounted Crane · KTA-32 · KTA-40 · KTA-25 · KTA-50 |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
JSC VTB Bank, Lobby Mezzanine Floor, Taj Mahal Hotel,1
Man Singh Road, New Delhi - 110011, India ·
Axis Bank ·
HDFC Bank ·
Indusind Bank ·
Kotak Mahindra Bank Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S R Varshney and Company Chartered Accountants |
|
Address : |
404, 2nd Floor, Patparganj Industrial Area, New Delhi – 110092, India |
|
PAN.: |
AALFS5363B |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.500 |
0.500 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
(3.652) |
(1.853) |
|
|
NETWORTH |
|
(3.152) |
(1.353) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
12.625 |
4.561 |
|
|
TOTAL BORROWING |
|
12.625 |
4.561 |
|
|
DEFERRED TAX LIABILITIES |
|
0.003 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
9.476 |
3.208 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
2.878 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
12.376 |
7.880 |
|
|
Sundry Debtors |
|
2.030 |
0.000 |
|
|
Cash & Bank Balances |
|
3.698 |
0.628 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
3.044 |
0.820 |
|
Total
Current Assets |
|
21.148 |
9.328 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
9.463
|
6.063 |
|
|
Other Current Liabilities |
|
5.127
|
0.107 |
|
|
Provisions |
|
0.000
|
0.000 |
|
Total
Current Liabilities |
|
14.590
|
6.170 |
|
|
Net Current Assets |
|
6.558 |
3.158 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.040 |
0.050 |
|
|
|
|
|
|
|
|
TOTAL |
|
9.476 |
3.208 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
9.616 |
0.000 |
|
|
|
Other Income |
|
1.707 |
0.000 |
|
|
|
TOTAL (A) |
|
11.323 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
|
8.689 |
7.880 |
|
|
|
Direct
Expenses |
|
2.155 |
0.946 |
|
|
|
Administrative
and Selling Expenses |
|
5.555 |
0.903 |
|
|
|
(Increase)
/ Decrease in stock in hand |
|
(4.496) |
(7.880) |
|
|
|
TOTAL (B) |
|
11.903 |
1.849 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
(0.580) |
(1.849) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.015 |
0.004 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
(0.595) |
(1.853) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
1.201 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
|
(1.796) |
(1.853) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
|
(1.796) |
(1.853) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
(1.853) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
(3.649) |
(1.853) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
(35.92) |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
|
(15.86) |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
(18.68) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
(7.48) |
(19.86) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
(0.57) |
(1.37) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
(8.63) |
(7.93) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.45 |
1.51 |
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 |
|
8) No. of employees |
No |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last two years |
Yes |
|
12) Profitability for last two 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) |
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 |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U35122DL2009PLC187267 |
|
Name of the
company |
DAK CRANE INDIA
LIMITED |
|
Address of the
registered office or of the principal place of business in |
17C, LIG Flat, Pocket-12, Jashola, New Delhi – 110025, India E-mail : sr_varshney@yahoo.com
|
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property Movable property (not being pledge) |
|
Particular of
charge holder |
JSC VTB Bank, Lobby Mezzanine Floor, Taj Mahal Hotel,1 Man Singh Road,
New Delhi - 110011, India E-mail : indiabranch@vtb.com |
|
Nature of
instrument creating charge |
1. Agreement of
Cash Credit and Hypothecation 2. Memorandum of
Entry |
|
Date of
instrument Creating the charge |
28.11.2011 |
|
Amount secured by
the charge |
Rs.3.500 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest BR+3.75% i.e. 14%
at present Margin 10% Extent and
Operation of the charge 1. Hypothecation
of Chassis purchased from manufacture from time to time for mounting cranes
on the chassis. 2. Paid cranes
stock 3. Other spares |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Chassis purchased
from Manufacturer from time to time for mounting cranes on the chassis Paid cranes stock Other spares Plot No. 344,
First Floor, Neeti Khand II, Indirapuram, Ghaziabad, measuring 807 sq. ft. |
FIXED ASSETS:
·
Air Conditioner
·
Computers
·
Electronics Tele.
·
Office Equipment
·
Mobile Phone
·
Crane
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.52.79 |
|
|
1 |
Rs.85.17 |
|
Euro |
1 |
Rs.69.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
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 |
|
14 |
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.