MIRA
INFORM REPORT
|
Report Date : |
13.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
AHLAWAT TRANSFORMERS PRIVATE LIMITED |
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Formerly Known
As : |
EAGLE TRANSFORMERS PRIVATE LIMITED. |
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Registered
Office : |
3 South Krishnapuri, Muzaffarnagar – 251001, Uttar Pradesh |
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Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
27.01.2000 |
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Com. Reg. No.: |
20 - 025085 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.493 Million |
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CIN No.: [Company Identification
No.] |
U29309UP2000PTC025085 |
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|
Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Manufacturer and Exporter of Electrical Transformers, Furnace
Transformers, Electrical Power Transformers, Servo Transformers, etc, |
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|
No. of Employees
: |
32 (Approximately) |
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 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities are
limited. There appears accumulated losses recorded by the company. However, trade
relations are reported to be fair. Business is active. Payments are reported
to be slow. The company can be considered for business dealing on a safe and
secured trade terms and condition. |
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) |
|
India |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Charu Prem Ahalavat |
|
Designation : |
Director |
|
Contact No.: |
91-9837054806 |
|
Date : |
09.08.2012 |
LOCATIONS
|
Registered Office : |
3 South Krishnapuri, Muzaffarnagar – 251001, Uttar Pradesh |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9837054806 (Mr. Charu Prem Ahalavat) |
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Fax No.: |
Not Available |
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E-Mail : |
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Factory : |
Vill, Khanjapur, Bhudhana Mode, Shameli Road, Muzaffarnagar – 251001,
Uttar Pradesh, India |
|
Tel. No.: |
91-131-2652931/ 2652625 |
|
Fax No.: |
91-131-2652931/ 2451004 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Charu Prem Ahalavat |
|
Designation : |
Director |
|
Date of Birth/Age : |
38 Years |
|
Experience : |
B.E. Electrical |
|
Date of Appointment : |
27.01.2000 |
|
DIN No.: |
01009980 |
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|
|
|
Name : |
Mrs. Brij Bala Prem Ahalawat |
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Designation : |
Director |
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Address : |
3, South Krishnapuri, Muzaffarnagar – 251002, Uttar Pradesh, India |
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Date of Birth/Age : |
60 Years |
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Qualification : |
Graduation |
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Date of Appointment : |
06.03.2006 |
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DIN No.: |
01010007 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sh. Charu Ahalavat |
|
2800 |
|
Sh. Pankaj Tyagi |
|
1000 |
|
Smt. Munni Devi |
|
5500 |
|
Smt. Meenu Tyagi |
|
4500 |
|
Smt. Brij Bala Ahalawat |
|
1500 |
|
Sh. Prem Singh |
|
34000 |
|
TOTAL |
|
49300 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Electrical Transformers, Furnace
Transformers, Electrical Power Transformers, Servo Transformers, etc, |
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|
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|
Products : |
·
Power Transformers ·
Distribution Transformers ·
Furnace Duty Transformers ·
Double Output Transformers ·
Special Transformers ·
Power Circuit Breakers ·
Uninterruptible Power Supplies ·
Gas Insulated Substation ·
Generator Main Circuit Breaker ·
Ozone Water Treatment ·
Transportation Systems ·
Flexible AC Transmission |
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Exports : |
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Products : |
Electrical Transformers, Furnace Transformers, Electrical Power
Transformers, Servo Transformers, etc, |
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Countries : |
Nigeria |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
Singapur ·
Japan ·
America |
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Terms : |
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Selling : |
L/C, Cash |
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Purchasing : |
L/C, Cash |
GENERAL INFORMATION
|
Suppliers : |
·
Savita Chemical ·
Raj Petro Chemical ·
Anant Sai Transformer ·
A.C. Products ·
A.R. Traders ·
Annu Enterprises ·
Bharat Wire Industries ·
Gopal Transcore Industries ·
Grover Wire Products ·
Jyoti Technocrastes Private Limited ·
Mann Traders |
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Customers : |
Government Department ·
Collombia Petrochemicals Private Limited ·
Manish Electricals Works ·
M.N.C.Electicals Private Limited ·
Sandeep Electric Company ·
Vijay Electricals Limited ·
Electric Sales Corporation ·
Electric Traders and Construction Company ·
Dev Alloys ·
Eagle Transformer Repairing Works ·
Kartik Fabrics Private Limited |
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No. of Employees : |
32 (Approximately) |
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Bankers : |
Central Bank of India, Muzaffarnagar, Uttar Pradesh, India |
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Facilities : |
CC – Rs.5.000 Millions, LC – Rs. 10.000 Millions (Rs.
in Millions) |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
M.Mohan Rama and Company Chartered Accountants |
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Address : |
1st Floor, 4, Meerut Road, Near City Post Office,
Muzaffarnagar – 251001, Uttar Pradesh, India |
|
PAN No: |
ANEPS6608P |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- Each |
Rs.2.500 Millions |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
49300 |
Equity Shares |
Rs.10/- Each |
Rs.0.493
Million |
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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 |
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|
|
|
1] Share Capital |
0.493 |
0.493 |
0.493 |
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2] Share Application Money |
0.865 |
0.865 |
0.865 |
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3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
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|
4] (Accumulated Losses) |
(0.566) |
(0.412) |
(0.332) |
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|
NETWORTH |
0.792 |
0.946 |
1.026 |
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|
LOAN FUNDS |
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|
|
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|
1] Secured Loans |
2.426 |
2.384 |
2.502 |
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2] Unsecured Loans |
0.065 |
0.205 |
0.068 |
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TOTAL BORROWING |
2.491 |
2.589 |
2.570 |
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DEFERRED TAX LIABILITIES |
0.036 |
0.105 |
0.000 |
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|
|
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|
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TOTAL |
3.319 |
3.640 |
3.596 |
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APPLICATION OF FUNDS |
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|
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FIXED ASSETS [Net Block] |
0.574 |
0.600 |
0.417 |
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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 |
0.396
|
0.075 |
0.510 |
|
|
Sundry Debtors |
2.756
|
2.763 |
4.220 |
|
|
Cash & Bank Balances |
1.177
|
1.560 |
0.454 |
|
|
Other Current Assets |
0.399
|
0.319 |
0.109 |
|
|
Loans & Advances |
0.096
|
0.056 |
0.015 |
|
Total
Current Assets |
4.824
|
4.773 |
5.308 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.863
|
1.494 |
1.421 |
|
|
Other Current Liabilities |
0.216
|
0.235 |
0.701 |
|
|
Provisions |
0.000
|
0.004 |
0.007 |
|
Total
Current Liabilities |
2.079
|
1.733 |
2.129 |
|
|
Net Current Assets |
2.745
|
3.040 |
3.179 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.319 |
3.640 |
3.596 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
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|
Other Income |
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TOTAL (A) |
5.549 |
9.102 |
8.351 |
|
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|
(Due to less order) |
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
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|
Advertising Expenses |
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|
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TOTAL (B) |
5.426 |
8.764 |
8.045 |
|
|
|
|
|
|
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|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.123 |
0.338 |
0.306 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.246 |
0.249 |
0.243 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(0.123) |
0.089 |
0.063 |
|
|
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.099 |
0.059 |
0.049 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(0.222) |
0.030 |
0.014 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.005 |
0.349 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(0.222) |
0.025 |
(0.335) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(0.222) |
0.025 |
(0.335) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(4.52) |
0.00 |
0.00 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
10.000 |
|
|
|
|
|
Expected Sales (2012 -13): Rs. 60.000 Millions (Due to more order)
The above information has been parted by Mr. Charu Prem Ahalavat
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(4.00)
|
0.27 |
(4.01) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
N.A
|
N.A |
N.A |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.11)
|
0.56 |
0.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.28)
|
0.03 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.77
|
4.57 |
4.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.32
|
2.75 |
2.49 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
Yes |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
Yes |
|
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 |
|
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 |
TRADE REFERENCES:
·
Savita Chemical
·
Raj Petro Chemical
·
Collombia Petrochemicals Private Limited
FIXED ASSETS:
·
Land
·
Plant and Machinery
·
Tools
·
Furniture and Fixtures
·
Inverter and Battery
·
Aquaguard
·
Mobile
·
Car
·
Computer
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 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
Crie:
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 exist 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.55.34 |
|
|
1 |
Rs.86.45 |
|
Euro |
1 |
Rs.68.04 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
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.