|
Report Date : |
28.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
A.I. METALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B 5/206, Safdarjung Enclave, New Delhi-110029 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
27.05.2005 |
|
|
|
|
Com. Reg. No.: |
55-1368000 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27104DL2005PTC136800 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA17505F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Lead and Lead Alloys |
|
|
|
|
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 160000 |
|
|
|
|
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 : |
B 5/206, Safdarjung Enclave, New Delhi-110029, |
|
Tel. No.: |
91-11-28113008 / 28113468 / 2814149 |
|
Fax No.: |
91-11-28112470 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
SP 812, H-51/B., Samtel Zone, Bhiwadi, District Alwar-301019, |
DIRECTORS
AS ON 27.09.2011
|
Name : |
Mr. Abhijeet Singh |
|
Designation : |
Director |
|
Address : |
103, Sunder Nagar, Pathankot, Gurdaspur-145001, |
|
Date of Birth/Age : |
18.01.1979 |
|
Date of Appointment : |
29.05.2005 |
|
DIN No.: |
00685888 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U74999PB1996PTC018831 |
TRANSWORLD
SALVAGE PRIVATE LIMITED |
Director |
20-01-97 |
20-01-97 |
Active |
NO |
|
2 |
U27104DL2005PTC136800 |
A.I.
METALS PRIVATE LIMITED |
Director |
29-05-05 |
29-05-05 |
Active |
NO |
|
3 |
U25191RJ2006PTC023238 |
ALLIED
FILAMENTS PRIVATE LIMITED |
Director |
27-09-10 |
29-04-10 |
Active |
NO |
|
Name : |
Mr. Vibhor Bhargava |
|
Designation : |
Director |
|
Address : |
B-5/206, Safdarjung Enclave, New Delhi-110029, |
|
Date of Birth/Age : |
18.10.1969 |
|
Date of Appointment : |
27.05.2005 |
|
DIN No.: |
01729369 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U72900DL1996PTC082781 |
R.V.
COMPUTRONICS COMMUNICATION AND ELECTRONICS SERVICES PRIVATE LIMITED |
Director |
15-04-02 |
15-04-02 |
Active |
NO |
|
2 |
U27104DL2005PTC136800 |
A.I.
METALS PRIVATE LIMITED |
Director |
27-05-05 |
27-05-05 |
Active |
NO |
|
3 |
U41000DL2010PTC205869 |
HSB GREENTECH
PRIVATE LIMITED |
Director |
14-07-10 |
14-07-10 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2011
|
Names of Shareholders |
No. of Shares |
|
Abhijeet Singh |
1390200 |
|
Vibhor Bhargava |
109800 |
|
Total |
1500000 |
AS ON 27.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Lead and Lead Alloys |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Indian Overseas Bank, J-400, New Rajinder Nagar,
New Delhi-110060, ·
HDFC Bank Limited ·
ICICI Bank |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ajay Sabharwal Chartered Accountant |
|
Address : |
903, |
|
Pan No.: |
AAZPS3858B |
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 |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
AS ON 27.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
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 |
10.000 |
10.000 |
10.000 |
|
|
2] Share Application Money |
10.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
21.974 |
15.433 |
8.608 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
41.974 |
25.433 |
18.608 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
110.108 |
73.895 |
57.753 |
|
|
2] Unsecured Loans |
77.500 |
4.640 |
2.100 |
|
|
TOTAL BORROWING |
187.608 |
78.535 |
59.853 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
229.582 |
103.968 |
78.461 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
23.069 |
16.961 |
14.826 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
130.932
|
86.694 |
25.224 |
|
|
Sundry Debtors |
65.802
|
17.638 |
36.657 |
|
|
Cash & Bank Balances |
44.243
|
0.672 |
2.496 |
|
|
Other Current Assets |
1.926
|
1.426 |
16.370 |
|
|
Loans & Advances |
57.102
|
15.920 |
0.000 |
|
Total
Current Assets |
300.005
|
122.350 |
80.747 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
49.078
|
33.889 |
14.198 |
|
|
Other Current Liabilities |
42.834
|
1.359 |
2.969 |
|
|
Provisions |
1.580
|
0.113 |
0.000 |
|
Total
Current Liabilities |
93.492
|
35.361 |
17.167 |
|
|
Net Current Assets |
206.513
|
86.989 |
63.580 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.018 |
0.055 |
|
|
|
|
|
|
|
|
TOTAL |
229.582 |
103.968 |
78.461 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
559.702 |
277.345 |
109.245 |
|
|
|
Other Income |
3.163 |
3.789 |
1.723 |
|
|
|
TOTAL |
562.865 |
281.134 |
110.968 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
497.579 |
222.714 |
67.812 |
|
|
|
Factory Rent |
0.480 |
0.480 |
0.480 |
|
|
|
Staff Welfare |
0.283 |
0.138 |
0.078 |
|
|
|
Legal and Professional Charges |
0.142 |
0.014 |
0.099 |
|
|
|
Repair and Maintenance |
0.617 |
0.408 |
0.507 |
|
|
|
|
0.358 |
0.335 |
0.258 |
|
|
|
Business Promotion |
0.242 |
0.163 |
0.920 |
|
|
|
Wages |
0.742 |
0.677 |
0.567 |
|
|
|
Other Expenses |
51.118 |
46.850 |
38.594 |
|
|
|
TOTAL |
551.561 |
271.779 |
109.315 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
11.304 |
9.355 |
1.653 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.180 |
2.394 |
1.360 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
8.124 |
6.961 |
0.293 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.583 |
0.136 |
0.116 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
6.541 |
6.825 |
0.177 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.54 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.16
|
2.43 |
0.16 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.45
|
2.51 |
0.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.51
|
5.00 |
0.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.27 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.70
|
4.48 |
4.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.21
|
3.46 |
4.70 |
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. Constructions 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 |
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 |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
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 8
|
Corporate
identity number of the company |
U27104DL2005PTC136800 |
|
Name of the
company |
A.I. METALS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
B 5/206, Safdarjung Enclave, New Delhi-110029, |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
Indian Overseas Bank, J-400, New Rajinder Nagar, New Delhi-110060, India |
|
Nature of
instrument creating charge |
Letter of Hypothecation
(For securing Machineries/ Vehicles/ Goods/ Book-debts) and Confirmation
Letter evidencing creation of Supplemental Mortgage dated 06.08.2011 |
|
Date of
instrument Creating the charge |
06.08.2011 |
|
Amount secured by
the charge |
Rs. 190.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest OCC - 1700 Millions- BR+ 2.75 i.e. 13.50% LC - 200 Millions -As Per Circular In Force LG - 5 Millions - As Per Circular In Force Terms of repayment On Demand Margin OCC- Stocks - 25% and Book-debts - 50% Margin LC- 10% LG- 25% Extent and operation of the charge First Charge in
favour of Indian Overseas Bank on Stocks, Book Debts, Machineries both
present and future and on Property at SP-812/HI-51(B) Samtal Zone RIA
Bhiwadi, District Alwar, Rajasthan is to secure the CC Limit of Rs. 170.000
Millions, LC of Rs.20.000 Millions and LG of Rs. 0.500 Million aggregating to
Rs. 190.500 Millions sanctioned to the Company. |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of
Stocks of all types of Scrap, Batteries, Metals, Finished Goods and Semi
Finished Goods, Book-Debts and Machineries both present and future. EM of property at
Plot No. SP-812/H1-51-B, Samtal Zone, Industrial Area, Bhiwadi, District
Alwar (Rajasthan) stands in the name of A.I. Metals Private Limited Hypothecation of Plant
and Machinery installed at Plot No. F-624, RIICO Industrial Area, Phase-1,
Bhiwadi, District Alwar |
|
Charge
identification number of the charge to be modified |
80022012 |
|
Date of
instrument modifying the charge |
23.11.2010 |
|
Particulars of the
present modification |
The Credit
Facilities has been enhanced from Rs 125.500 Millions to Rs 190.500 Millions
on 06.08.2011 as per details given below. 1. Enhancement of
Cash Credit Limit from Rs. 100.000 Millions to Rs. 170.000 Millions 2.Adhoc.OCC Limit
of Rs. 25.000 Millions has been adjusted 3. Fresh Sanction
of Letter of Credit of Rs. 20.000 Millions 4. Letter of
Guarantee of Rs. 0.500 Million remaining the same. Aggregating to
Rs. 190.500 Millions. |
FIXED ASSETS
·
Building
·
Motor Car
·
Computer
·
Furniture and Fittings
·
Plant and Machinery
·
Land
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. 52.68 |
|
|
1 |
Rs. 85.12 |
|
Euro |
1 |
Rs. 69.38 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.