|
Report Date : |
11.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
MAHALAXMI MALT PRODUCTS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
AMBAY MALT PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D-13, Shopping Centre - II,
Mansarovar Garden, New Delhi – 110015 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
18.02.1992 |
|
|
|
|
Com. Reg. No.: |
55-047650 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.394 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15494DL1992PTC047650 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Barley Malt, Malt Extract and Malt
Extract Powder, Barley Malt Flour etc. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 41000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record.
Profitability of the company appears to be low. However, trade relations are reported
to be fair. Business is active. Payments are reported to be slow but correct. The company can be considered
for business dealings with some caution. |
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 (GENERAL DETAILS)
|
Name : |
Mr. Karan |
|
Designation : |
Account Manager |
|
Contact No.: |
91-9991090166 |
|
Date : |
10.08.2012 |
LOCATIONS
|
Registered Office : |
D-13, Shopping Centre - II,
Mansarovar Garden, New Delhi – 110015, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9991090166 (Mr. Karan) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Village Rehrana, District Palwal, Faridabad, Haryana - 121001, India |
|
Tel. No.: |
91-1275-645463 |
DIRECTORS
As on: 30.09.2011
|
Name : |
Mr. Murari Lal Bansal |
|
Designation : |
Director |
|
Address : |
989 Sector – 4, Gurgaon – 122001, Haryana, India |
|
Date of Birth/Age : |
21.04.1944 |
|
Date of Appointment : |
18.02.1992 |
|
DIN No.: |
00923024 |
|
|
|
|
Name : |
Mrs. Poonam Bansal |
|
Designation : |
Director |
|
Address : |
989 Sector – 4, Gurgaon – 122001, Haryana, India |
|
Date of Birth/Age : |
06.05.1952 |
|
Date of Appointment : |
18.02.1992 |
|
DIN No.: |
00923048 |
KEY EXECUTIVES
|
Name : |
Mr. Karan |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
ML Bansal |
|
89000 |
|
Poonam Bansal |
|
60500 |
|
Shalini Bansal |
|
16000 |
|
Silpi Aggarwal |
|
5000 |
|
ML Bansal, HUF |
|
3400 |
|
Shakun Bansal |
|
5800 |
|
Pranav Bansal |
|
36100 |
|
Nischint Foods Private Limited, India |
|
23400 |
|
Anjali Bansal |
|
200 |
|
|
|
|
|
Total |
|
239400 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
10.00 |
|
Directors or relatives of directors |
|
90.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Barley Malt, Malt Extract and Malt
Extract Powder, Barley Malt Flour etc. |
|
|
|
|
Exports : |
|
|
Products : |
·
Barley Malt ·
Malt Extract ·
Malt Extract Powder ·
Barley Malt Flour |
|
Countries : |
·
Portugal ·
UAE ·
Tanzania ·
Sri Lanka |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Advance |
|
|
|
|
Purchasing : |
L/C and Advance |
PRODUCTION STATUS (As on: 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Malt Extract |
Qlts |
NA |
NA |
26242.31 |
|
Malt Extract Powder |
Qlts |
NA |
NA |
37.50 |
GENERAL INFORMATION
|
Customers : |
Wholesalers |
|||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||
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No. of Employees : |
50 (Approximately) |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Allahabad Bank, Bus Stand, Palwal - 122002,
Haryana, India ·
HDFC Bank Limited ·
State Bank of Patiala |
|||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vinod Arora and Company Chartered Accountants |
|
Address : |
211-12, 2nd Floor, Apna Bazar, Gurgaon – 122001, Haryana, India |
|
Tel. No.: |
91-124-2330105/ 2303338 |
|
Mobile No.: |
91-9910174105 |
|
PAN No.: |
ABHPA9212E |
CAPITAL STRUCTURE
As on: 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
239400 |
Equity Shares |
Rs.10/- each |
Rs.2.394
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 |
2.394 |
2.394 |
2.160 |
|
|
2] Share Application Money |
0.060 |
0.060 |
0.060 |
|
|
3] Reserves & Surplus |
7.917 |
7.221 |
4.839 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
10.371 |
9.675 |
7.059 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
8.231 |
8.511 |
7.063 |
|
|
2] Unsecured Loans |
7.512 |
2.368 |
2.768 |
|
|
TOTAL BORROWING |
15.743 |
10.879 |
9.831 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
26.114 |
20.554 |
16.890 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
14.117 |
11.707 |
11.423 |
|
|
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 |
14.654
|
11.460 |
10.493 |
|
|
Sundry Debtors |
8.267
|
3.024 |
1.719 |
|
|
Cash & Bank Balances |
1.305
|
0.790 |
0.580 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
1.243
|
1.110 |
1.072 |
|
Total
Current Assets |
25.469
|
16.384 |
13.864 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
11.701
|
5.778 |
7.271 |
|
|
Other Current Liabilities |
1.208
|
1.383 |
0.895 |
|
|
Provisions |
0.563
|
0.376 |
0.231 |
|
Total
Current Liabilities |
13.472
|
7.537 |
8.397 |
|
|
Net Current Assets |
11.997
|
8.847 |
5.467 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
26.114 |
20.554 |
16.890 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
|
Gross Turnover |
63.163 |
37.598 |
38.584 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.114 |
1.759 |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.107 |
1.338 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.007 |
0.421 |
0.352 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.312 |
0.145 |
0.125 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.695 |
0.276 |
0.227 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.90 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.54 |
1.50 |
1.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.04 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.82 |
1.90 |
2.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.89 |
2.17 |
1.65 |
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% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
Note:
The Registered Office of the company has been shifted from G - 36,
Pitampura, New Delhi - 110054, India to the present address w.e.f. 01.04.2008
FINANCIAL RESULTS
The gross turnover of the company for the year
is Rs. 63.163 Millions while in last year the same was Rs. 37.598 Millions.
Profit before tax for the year is Rs. 1.007 Millions and Profit after tax is
Rs. 0.695 Millions while in last year the same was Rs. 0.421 Millions and
Rs.0.276 Millions respectively. Depreciation for the year is Rs. 2.107 Millions
while in last year the same was Rs. 1.338 Millions. The financial results of
the company are encouraging.
BUSINESS PROSPECTS
Further Machines were added to the existing
plant. Keeping in view the acceptability of products manufactured by the
company and increasing demand the production capacity was increased. The plant
of the company is operating to full capacity. The position of orders in hand is
very comfortable. Continuous research is an ongoing process to improve the
quality of products manufactured by your company. Keeping in view the trends
prevailing it is expected that the company will be able to achieve better
results in the coming period.
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U15494DL1992PTC047650 |
|
Name of the
company |
MAHALAXMI MALT
PRODUCTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
D-13, Shopping Centre - II,
Mansarovar Garden, New Delhi – 110015, India E-mail: vin.fca@gmail.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
90057911 |
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Movable
property (not being pledge) |
|
Particular of
charge holder |
Allahabad Bank, Bus Stand, Palwal - 122002, Haryana, India E-mail: satendergarg@india.com
|
|
Nature of
instrument creating charge |
General Letter Of
Hypothecation Supplementary
Letter Of Mortgage |
|
Date of
instrument Creating the charge |
10.03.2010 |
|
Amount secured by
the charge |
Rs.8.000 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 13.25%(PLR) Terms of
Repayment Term loan repayable
in 60 installments with 4 months moratarium. Margin 25% Extent and
Operation of the charge First charge on
Factory Land and Building measuring 7713.75 sq. yd. at Village Rehrana Tehsil Palwal District Faridabad
with Plant and Machinery, Book Debts and all kinds of stock (present and
proposed) |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All stock of
Material Raw Material, WIP, Finished Goods such as Malt Extract and Barley
Malt, Plant and Machinery. All present Book
Debts, outstanding money receivable, claims, bill contracts, engagement. Factory Land and
Building measuring 7713.75 sq. yard at Village Rehrana Tehsil Palwal Plant and Machinery and Other
Fixed Assets Book Debts and all kind of stock |
|
Date of
instrument modifying the charge |
15.02.2008 |
|
Particulars of
the present modification |
CC limit is
increased from Rs.5.000 Millions to Rs.10.000 Millions bringing the overall
limit to Rs.13.000 Millions (including term loan of Rs3.000 Millions) rate of
interest is reduced to 12% with monthly rests. |
FIXED ASSETS:
· Building
· Plot at Omax City
· Machinery
· Fire Extinguisher
· Tools
· Car Maruti
· 800 Scooters
· Effluent Treatment Plant
· Electric Installation
· Furniture Fixtures
· Moisture Balance Meter
· Testing Equipments
· Water Ring Vaccum Pump
· Dish Antina
· Vaccum Pump
· CVT - 5OVA
· EPABX
· Weighing Scale
· Car - Skoda
· Computer
· Printers
· Invertors
· Generator
· Scale {30 ton)
· Fan
· Conveyer Heat Radiator
· M.S. Oven
· Pump Set
· Weight Scale 500 8m
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
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.55.34 |
|
|
1 |
Rs.86.45 |
|
Euro |
1 |
Rs.68.04 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
36 |
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.