1. Summary Information
|
|
|
Country |
India |
|
Company Name |
SHEELA OVERSEAS PRIVATE LIMITED |
Principal Name 1 |
Mr. Hitesh Bhatia |
|
Status |
Moderate |
Principal Name 2 |
Mr. Ramesh Chander Bhatia |
|
|
|
Registration # |
55-066015 |
|
Street Address |
A-42,
Mayapuri Industrial Area, Phase-II, New Delhi – 110064, India |
||
|
Established Date |
02.03.1995 |
SIC Code |
-- |
|
Telephone# |
91-11-41845130 |
Business Style 1 |
Manufacturers |
|
Fax # |
91-11-28116088 |
Business Style 2 |
Exporters |
|
Homepage |
Not Available |
Product Name 1 |
Leather Accessories |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.4,900,200/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of Directors – 100% |
Banking |
Oriental Bank of
Commerce Limited |
|
Public Limited Corp. |
NO |
Business Period |
17 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (31) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
11,898,000 |
Current Liabilities |
1,278,000 |
|
Inventories |
9,464,000 |
Long-term Liabilities |
6,716,000 |
|
Fixed Assets |
7,686,000 |
Other Liabilities |
874,000 |
|
Deferred Assets |
74,000 |
Total Liabilities |
8,868,000 |
|
Invest& other Assets |
1,828,000 |
Retained Earnings |
17,182,000 |
|
|
|
Net Worth |
22,082,000 |
|
Total Assets |
30,950,000 |
Total Liab. & Equity |
30,950,000 |
|
Total Assets (Previous Year) |
29,350,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
Not Available |
Net Profit |
Not Available |
|
Sales(Previous yr) |
Not Available |
Net Profit(Prev.yr) |
Not Available |
MIRA
INFORM REPORT
|
Report Date : |
13.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHEELA OVERSEAS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-42, Mayapuri Industrial Area, Phase-II, New Delhi –
110064 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
02.03.1995 |
|
|
|
|
Com. Reg. No.: |
55-066015 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.4.900 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PTC066015 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS12476C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporters of all kinds of
Leather Accessories. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 88000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profit
appears to be low. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some caution. Profit and Loss statement are not made available. |
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.
LOCATIONS
|
Registered Office : |
A-42, Mayapuri Industrial Area, Phase-II, New Delhi –
110064, India |
|
Tel. No.: |
91-11-41845130 / 28117995 |
|
Fax No.: |
91-11-28116088 / 28116740 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Hitesh Bhatia |
|
Designation : |
Director |
|
Address : |
C-9/9840, Vasant Kunj, New Delhi – 110070, India |
|
Date of Birth/Age : |
20.09.1977 |
|
Date of Appointment : |
01.08.1998 |
|
DIN No.: |
01625216 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899DL1995PTC066015 |
SHEELA
OVERSEAS PRIVATE LIMITED |
Director |
01/08/1998 |
01/08/1998 |
Active |
NO |
|
2 |
U70100DL1993PTC052692 |
DIPLOMAT
BUILDERS AND DEVELOPERS PRIVATE LIMITED |
Director |
23/08/2002 |
23/08/2002 |
Active |
NO |
|
3 |
U80904DL2007PTC161083 |
E
SQUARE VERIFICATION PRIVATE LIMITED |
Director |
30/09/2010 |
01/04/2010 |
Active |
NO |
|
Name : |
Suman Bhatia |
|
Designation : |
Director |
|
Address : |
C-9/9840, Vasant Kunj, New Delhi – 110070, India |
|
Date of Birth/Age : |
30.04.1949 |
|
Date of Appointment : |
02.03.1995 |
|
PAN No.: |
01623275 |
|
|
|
|
Name : |
Mr. Ramesh Chander Bhatia |
|
Designation : |
Director |
|
Address : |
C-9/9840, Vasant Kunj, New Delhi – 110070, India |
|
Date of Birth/Age : |
15.03.1945 |
|
Date of Appointment : |
01.07.2012 |
|
DIN No.: |
01056260 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U70100DL1993PTC052692 |
DIPLOMAT
BUILDERS AND DEVELOPERS PRIVATE LIMITED |
Director |
01/09/2000 |
01/09/2000 |
Active |
NO |
|
2 |
U74899DL1995PTC066015 |
SHEELA
OVERSEAS PRIVATE LIMITED |
Director |
01/07/2012 |
01/07/2012 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Suman Bhatia |
|
289990 |
|
Hitesh Bhatia |
|
100000 |
|
Ramesh Chander Bhatia |
|
100000 |
|
Nidhi Katyal Bhatia |
|
30 |
|
Total |
|
490020 |
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 : |
Manufacturer and Exporters of all kinds of Leather
Accessories. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
Oriental Bank of
Commerce Limited, Mansarover Garden, New Delhi - 110015, India |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V. Thukral and Company Chartered Accountants |
|
Address : |
306 Third Floor, A-1 Rajouri Garden, New Delhi – 110027, India |
|
Tel. No.: |
91-11-41447787 |
|
Mobile No.: |
91-9868118812 |
|
Fax No.: |
91-11-41447797 |
|
E-Mail : |
|
|
PAN No.: |
ABNPT2006P |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
490020 |
Equity Shares |
Rs.10/- each |
Rs.4.900
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 |
4.900 |
4.900 |
4.900 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
17.182 |
16.884 |
16.745 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
22.082 |
21.784 |
21.645 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
6.010 |
4.992 |
4.942 |
|
|
2] Unsecured Loans |
0.706 |
0.208 |
0.000 |
|
|
TOTAL BORROWING |
6.716 |
5.200 |
4.942 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
28.798 |
26.984 |
26.587 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
7.686 |
8.579 |
7.884 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.828 |
3.243 |
1.837 |
|
|
DEFERREX TAX ASSETS |
0.074 |
0.067 |
0.072 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
9.464
|
7.034 |
2.611 |
|
|
Sundry Debtors |
2.881
|
1.479 |
2.170 |
|
|
Cash & Bank Balances |
8.152
|
7.739 |
6.871 |
|
|
Other Current Assets |
0.865
|
1.209 |
0.963 |
|
|
Loans & Advances |
0.000
|
0.000 |
5.215 |
|
Total
Current Assets |
21.362
|
17.461 |
17.830 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.278
|
1.939 |
0.491 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.874
|
0.427 |
0.545 |
|
Total
Current Liabilities |
2.152
|
2.366 |
1.036 |
|
|
Net Current Assets |
19.210
|
15.095 |
16.794 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
28.798 |
26.984 |
26.587 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.474 |
0.144 |
(1.572) |
|
|
|
|
|
|
|
|
|
|
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.000 |
0.884 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.63
|
0.55 |
(6.11) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.00 |
(0.07) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.40 |
0.35 |
0.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
9.93 |
7.38 |
17.21 |
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 |
No |
|
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 |
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
Director, if available |
Yes |
|
32] |
PAN of Director, if
available |
No |
|
33] |
Voter ID No of Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
FINANCIAL RESULTS:
During the 16th year of incorporation, company has made a
profit (PBT) OF Rs.0.474 Million during the year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U74899DL1995PTC066015 |
|
Name of the company |
SHEELA OVERSEAS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
A-42, Mayapuri Industrial Area, Phase-II, New Delhi – 110064, India E-mail id : vtco306@yahoo.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Others (CORPORATE GUARANTEE) |
|
Particular of charge holder |
Oriental Bank of Commerce Limited, Mansarover Garden, New Delhi –
110015, India E-mail Id : bm0903@obc.co.in |
|
Nature of instrument creating charge |
Loan doc-11 agreement of guarantee |
|
Date of instrument Creating the charge |
14.02.2011 |
|
Amount secured by the charge |
Rs.10.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest N.A. Terms of Repayment N.A. Margin N.A. Extent and Operation of the charge As per agreement |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Corporate guarantee in favour of munshee overseas(packing credit facility
and FDBP/FUDBP limit of Rs.10.000 Millions) |
FIXED ASSETS
·
Air conditioner
·
Air cooler
·
Car
·
Computers
·
Electric Equipments
·
Furniture and Fixtures
·
Land and Building
·
Plant and Machinery
·
Scooter
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.55.34 |
|
|
1 |
Rs.86.45 |
|
Euro |
1 |
Rs.68.04 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
31 |
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.