|
Report Date : |
08.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
D.P. BANSAL COMMERCIAL COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
18.09.1984 |
|
|
|
|
Com. Reg. No.: |
10-002582 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 6.063 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27106CT1984PTC002582 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Supplier of Steel and Iron |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 70000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track. There appears
some dip in the profitability of the company during 2011. However, trade relations are reported as fair. Business is active.
Payments are reported as usually correct. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
|
|
Tel. No.: |
91-788-2281866 / 2223894 |
|
Mobile No.: |
91-9993035999 / 9425234099 (Mr. Rahuldev Bansal) |
|
Fax No.: |
91-788-2281866 / 2356251 |
|
E-Mail : |
DIRECTORS
As on 30.08.2011
|
Name : |
Dharam Pal Bansal |
|
Designation : |
Director |
|
Address : |
Block 50, Plot 9 and 10, Nehru Nagar, Bhilai – 490 020, Durg, C.G., |
|
Date of Birth/Age : |
17.03.1945 |
|
Date of Appointment : |
18.09.1984 |
|
DIN No.: |
00386203 |
|
|
|
|
Name : |
Rajneesh Kumar Bansal |
|
Designation : |
Director |
|
Address : |
Block 50, Plot 9 and 10, Nehru Nagar, Bhilai – 490 020, Durg, C.G., |
|
Date of Birth/Age : |
19.05.1975 |
|
Date of Appointment : |
01.03.1996 |
|
DIN No.: |
00386137 |
|
|
|
|
Name : |
Karuna Bansal |
|
Designation : |
Director |
|
Address : |
Block 50, Plot 9 and 10, Nehru Nagar, Bhilai – 490 020, Durg, C.G., |
|
Date of Birth/Age : |
03.02.1953 |
|
Date of Appointment : |
18.09.1984 |
|
DIN No.: |
00386242 |
|
|
|
|
Name : |
Rahul Dev Bansal |
|
Designation : |
Director |
|
Address : |
Block 50, Plot 9 and 10, Nehru Nagar, Bhilai – 490 020, Durg, C.G., |
|
Date of Birth/Age : |
12.12.1979 |
|
Date of Appointment : |
08.02.2007 |
|
DIN No.: |
01329146 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.08.2011
|
Names of Shareholders |
|
No. of Shares |
|
Dharam Pal Bansal |
|
15531 |
|
Karuna Bansal |
|
22061 |
|
Rajneesh Bansal |
|
2520 |
|
Rahul Dev Bansal |
|
5000 |
|
Suman Singh |
|
3000 |
|
Rajneesh Bansal (HUF) |
|
10 |
|
Rita Bansal |
|
10 |
|
Metall Structures Private Limited, |
|
12500 |
|
|
|
|
|
TOTAL |
|
60632 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
20.62 |
|
Directors or relatives of Directors |
74.43 |
|
Other top fifty shareholders |
4.95 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Supplier of Steel and Iron |
||||
|
|
|
||||
|
Products : |
·
MS Rod ·
MS TMT Bars ·
Square Steel Bars ·
Steel Sheets ·
Mild Steel Rounds ·
Mild Steel Squares ·
Mild Steel Wire ·
Mild Structural Steel ·
MS Bars ·
Mild Steel Billets ·
Mild Steel Channels ·
Mild Steel Coils ·
Mild Steel Flats ·
Hex Steel Bars ·
Industrial Steel Sheets ·
Mild Plates |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
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Bankers : |
·
State Bank of |
|||||||||||||||||||||
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|
|||||||||||||||||||||
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Facilities : |
|
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|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deshpande Malu and Company Chartered Accountant |
|
Address : |
26, Mahalaxmi Market, Pandri, |
|
Tel. No.: |
91-77-2583349 / 2583590 |
|
E-Mail : |
|
|
PAN No.: |
ACIPJ0941K |
CAPITAL STRUCTURE
As on 30.08.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 million |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60632 |
Equity Shares |
Rs. 100/- each |
Rs. 6.063 million |
|
|
|
|
|
|
|
|
|
|
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 |
6.063 |
6.063 |
6.063 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
13.603 |
10.256 |
5.508 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(1.118) |
|
|
NETWORTH |
19.666 |
16.319 |
10.453 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
41.833 |
30.380 |
31.571 |
|
|
2] Unsecured Loans |
8.721 |
16.451 |
14.080 |
|
|
TOTAL BORROWING |
50.554 |
46.831 |
45.651 |
|
|
DEFERRED TAX LIABILITIES |
0.214 |
0.309 |
0.258 |
|
|
|
|
|
|
|
|
TOTAL |
70.434 |
63.459 |
56.362 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.556 |
4.291 |
3.633 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.500 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
38.076
|
32.599 |
32.771 |
|
|
Sundry Debtors |
25.143
|
27.735 |
12.956 |
|
|
Cash & Bank Balances |
1.482
|
0.612 |
1.988 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
5.578
|
4.525 |
6.612 |
|
Total
Current Assets |
70.279
|
65.471 |
54.326 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.819
|
4.256 |
1.154 |
|
|
Other Current Liabilities |
1.462
|
1.007 |
0.444 |
|
|
Provisions |
1.620
|
1.040 |
0.000 |
|
Total
Current Liabilities |
4.901
|
6.303 |
1.598 |
|
|
Net Current Assets |
65.378
|
59.168 |
52.729 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
70.434 |
68.459 |
56.362 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
273.842 |
276.636 |
235.562 |
|
|
|
Other Income |
0.048 |
0.019 |
0.189 |
|
|
|
TOTAL (A) |
273.890 |
276.655 |
235.751 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
262.888 |
257.560 |
219.133 |
|
|
|
Direct Expenditure |
2.429 |
2.044 |
1.483 |
|
|
|
Employees Remuneration and Benefit |
0.988 |
0.983 |
0.806 |
|
|
|
Administrative and Selling Expenses |
2.013 |
2.776 |
1.288 |
|
|
|
Increase / (Decrease) in Stocks |
(5.476) |
0.171 |
12.619 |
|
|
|
TOTAL (B) |
262.842 |
263.534 |
235.329 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
11.048 |
13.121 |
0.422 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.329 |
5.724 |
3.664 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.719 |
7.397 |
(3.242) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.341 |
0.264 |
0.224 |
|
|
|
|
|
|
|
|
|
Less |
Prior Period
Adjustments |
0.455 |
0.174 |
0.015 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4.923 |
6.959 |
(3.481) |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
1.577 |
1.093 |
0.059 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
3.346 |
5.866 |
(3.540) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.748 |
(1.118) |
2.422 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
8.094 |
4.748 |
(1.118) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
55.19 |
|
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.22
|
2.12 |
(1.50) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.79
|
2.51 |
(1.47) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.57
|
9.97 |
(6.00) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.42 |
(0.33) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.81
|
3.25 |
4.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
14.33
|
10.38 |
33.99 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
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) |
No |
|
21] |
Market information |
---- |
|
22] |
Litigations that the firm
/ promoter involved in |
---- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
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 |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U27106MP1984PTC002582 |
|
Name of the
company |
D.P. BANSAL
COMMERCIAL COMPANY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
e-mail – rajneesh_bansal@hotnmail.com
|
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
90207806 |
|
Type of charge |
Immovable property Any interest in immovable property Book debts Movable property (not being pledge) Floating charge |
|
Particular of
charge holder |
State Bank of e-mail: george.mathew@sbi.co.in |
|
Nature of
instrument creating charge |
Supplemental
Agreement of loan cum hypothecation dtd.15.02.2011 Memorandum for
recording creation of mortgage by deposit of title deeds. |
|
Date of
instrument Creating the charge |
15.02.2011 |
|
Amount secured by
the charge |
Rs. 50.000
million |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 6.00% Margin
above the Base Rate which is presently 7.50 % per annum presently effective
rate 13.50 % per annum calculated on daily products with monthly rests. Terms of Repayment Cash Credit
repayable on demand. Margin Stock 25 % Receivables
(Cover 60 DAYS) 40 % Extent and Operation of the charge The charge
operates as security, interalia, for the due repayment by the company the
loans together with payment of all interest, additional interest in case of
default, liquidated damages, premium on prepayment, reimbursement of all
costs, charges and expenses and all other obligations payable by the company
in respect of the loans in accordance with the terms and conditions of the
loan agreement and/or other financing/charge/guarantee documents. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
entire stocks and outstanding moneys, receivables, claims and bills etc. at
the Company premises of the firm or at such places & goods in transit
(both Present & Future) Extension of EM
of double storied building on land 720 Sq Mts on plot 9 & 10 block 50
having constructed area of GF 241.387 sq mts & FF 241.387 sq mts at N.
N., Bhilai in the name of Smt Karuna Bansal Pledge/
Hypothecation of Plant & Machinery both present and future |
|
Date of
instrument modifying the charge |
22.08.2007 |
|
Particulars of
the present modification |
The Cash Credit
has been increased from Rs. 30.000 million to Rs. 50.000 million |
FIXED ASSETS
·
Land
·
Building and Shed
·
Furniture and Fixtures
·
Computer
·
Plant and Machinery
·
Trucks
·
Vehicles
·
Crane
·
Office Equipments
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.55.49 |
|
|
1 |
Rs.86.39 |
|
Euro |
1 |
Rs.68.69 |
INFORMATION DETAILS
|
Report Prepared
by : |
NID |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
41 |
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.