1. Summary Information
|
|
|
Country |
India |
|
Company Name |
ALSTRONG ENTERPRISES INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Naveen Agrawal |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Arun Kumar |
|
|
|
Registration # |
55-225135 |
|
Street Address |
95, Khirki Village, Malviya Nagar, New Delhi – 110017, Delhi |
||
|
Established Date |
16.09.2011 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturing |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Aluminum Composite
Panels |
|
|
# of employees |
Not Available |
Product Name 2 |
- |
|
Paid up capital |
Rs.
20,000,000/- |
Product Name 3 |
- |
|
Shareholders |
No |
Banking |
State Bank of India |
|
Public Limited Corp. |
No |
Business Period |
1 Year |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (48) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Ultimate Holding Company: |
India |
Alstrong ACP Manufacturing India Private, Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
435,833,000 |
Current Liabilities |
141,530,000 |
|
Inventories |
228,730,000 |
Long-term Liabilities |
627,539,000 |
|
Fixed Assets |
333,252,000 |
Other Liabilities |
21,940,000 |
|
Deferred Assets |
000 |
Total Liabilities |
791,009,000 |
|
Invest& other Assets |
130,216,000 |
Retained Earnings |
317,022,000 |
|
|
|
Net Worth |
337,022,000 |
|
Total Assets |
1,128,031,000 |
Total Liab. & Equity |
1128,031,000 |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
510,661,000 |
Net Profit |
37,022,000 |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
|
Report Date : |
18.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
ALSTRONG ENTERPRISES INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
75, Khirki Village, Malvilya Nagar, New Delhi – 110017, Delhi |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
16.09.2011 |
|
|
|
|
Com. Reg. No.: |
55-225135 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 20.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28910DL2011PTC225135 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Aluminum Composite Panel (ACP) |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of partnership concern started in the year 2007
and later in the year September 2011 it got converted into private limited
company. Subject is a part of world’s window group. It is well established
company having satisfactory track record. Financially company has performed
well in the current year. Trade relations are reported to be fair. Business
is active. Payments are reported to be usually correct and as per commitment. The company can be considered for normal business dealing at usual
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 |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB – (CASH
CREDIT) |
|
Rating Explanation |
Having Moderate
degree of safety regarding timely servicing of financial obligation. It carry
moderate credit risk. |
|
Date |
November, 2011 |
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 : |
95, Khirki Village, Malviya Nagar, New Delhi – 110017, Delhi, India |
|
Tel No: |
Not Available |
|
Fax No: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
E-40/3, Okhla Industrial Area, Phase – II, New Delhi – 110020, Delhi,
India |
|
Tel No.: |
91-11-43122777 |
|
Fax No.: |
91-11-43122999 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Factory : |
Located at ·
Jammu ·
Samba |
DIRECTORS
|
Name : |
Mr. Naveen Agrawal |
|
Designation : |
Director |
|
Address : |
B - 12B, First Floor, Kalkaji, New Delhi – 110019, Delhi, India |
|
Date of Birth/Age : |
19.11.1978 |
|
Date of Appointment : |
16.09.2011 |
|
DIN No.: |
00113809 |
|
|
|
|
Name : |
Mr. Arun Kumar |
|
Designation : |
Director |
|
Address : |
LG Housing Society Flat No B – 9, Plot No: 3, Sector – 32 PIE, Greater
Noida, Uttar Pradesh – 201303, India |
|
Date of Birth/Age : |
12.11.1974 |
|
Date of Appointment : |
16.09.2011 |
|
DIN No.: |
03263275 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 05.09.2011
|
Names of Shareholders |
No. of Shares |
|
Alstrong ACP Manufacturing India Private Limited, India |
75000 |
|
Piyoosh Goyal |
24950 |
|
Naveen Agrawal |
10 |
|
Shuchi Bansal |
10 |
|
Anil Misra |
10 |
|
Varun Bhasin |
10 |
|
Arun Kumar |
10 |
|
TOTAL
|
100000 |
|
Names of Allottee |
No. of Shares
Allotted |
|
Alstrong ACP Manufacturing India Private Limited, India |
1425000 |
|
Piyoosh Goyal |
475000 |
|
|
|
|
TOTAL
|
1900000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Aluminum Composite Panel (ACP) |
GENERAL INFORMATION
|
No. of Employees : |
No Available |
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Bankers : |
·
Punjab National Bank, Navyug Market, Ghaziabad –
201001, Uttar Pradesh, India ·
State Bank of India, Commercial Branch, M-47,
Connaught Circus, New Delhi – 110001, Delhi, India ·
ICICI Bank limited ·
Bank of Baroda |
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution
: |
Tata Capital Financial Services Limited, One Forbes, Dr. V. B. Gandhi
Marg, Fort, Mumbai – 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Avdhesh Bansal and Company Chartered Accountant |
|
Address : |
26/11, Shakti Nagar, Back Portion, New Delhi – 110007, Delhi, India |
|
Tel. No.: |
91-11-23840082 |
|
Mobile No.: |
91-9999913096 |
|
E-Mail : |
|
|
PAN No.: |
AATFA0880F |
|
|
|
|
Ultimate Holding Company: |
Alstrong ACP Manufacturing India Private Limited |
|
|
|
|
Subsidiaries : |
·
Maple Logistics Private Limited ·
Maple ODC Movers Private Limited ·
Wone Management System Private Limited ·
Alstrong International ·
Alubond Enterprises ·
Worlds Window Infrastructure and Logistics
Private Limited ·
Worlds Window Impex India Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
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 |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
20.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
317.022 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
337.022 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
434.440 |
|
|
2] Unsecured Loans |
|
|
193.099 |
|
|
TOTAL BORROWING |
|
|
627.539 |
|
|
DEFERRED TAX LIABILITIES |
|
|
6.389 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
970.950 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
333.252 |
|
|
Capital work-in-progress |
|
|
130.216 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
228.730
|
|
|
Sundry Debtors |
|
|
236.615
|
|
|
Cash & Bank Balances |
|
|
56.785
|
|
|
Other Current Assets |
|
|
20.345
|
|
|
Loans & Advances |
|
|
122.088
|
|
Total
Current Assets |
|
|
664.563 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
83.071
|
|
|
Other Current Liabilities |
|
|
58.459
|
|
|
Provisions |
|
|
15.551
|
|
Total
Current Liabilities |
|
|
157.081 |
|
|
Net Current Assets |
|
|
507.482 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
970.950 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
510.661 |
|
|
|
Other Income |
|
|
0.613 |
|
|
|
Provision for contingencies made in earlier years reversed |
|
|
7.332 |
|
|
|
TOTAL (A) |
|
|
518.606 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Raw Material Consumed |
|
|
353.407 |
|
|
|
(Increase)/ Decrease in Stock of finished goods |
|
|
(42.128) |
|
|
|
Employee Benefits Expense |
|
|
41.185 |
|
|
|
Other Expenses |
|
|
100.595 |
|
|
|
TOTAL (B) |
|
|
453.059 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
65.547 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
18.589 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
46.958 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
3.546 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
43.412 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
6.390 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
37.022 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
125.465 |
|
|
|
Capital Goods |
|
|
258.398 |
|
|
TOTAL IMPORTS |
|
|
383.863 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
67.48 |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2012 |
|
PAT / Total Income |
(%) |
|
|
7.14 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
8.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
4.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
2.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
4.23 |
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
one years |
Yes |
|
12] |
Profitability for last
one 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 |
Yes |
|
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
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 |
Yes |
NOTE:
The registered office of the company has been shifted from
95 Khirki Village, Malviya Nagar, New Delhi – 110017, Delhi, India to present address
w.e.f. 16.04.2012
FIXED ASSETS
·
Land
·
Building
·
Car and Motor Bike
·
Leasehold
·
Computer and Printer
·
Furniture and Fixture
·
Office Equipment
·
Plant and Machinery
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 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. 54.63 |
|
|
1 |
Rs. 88.40 |
|
Euro |
1 |
Rs. 71.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.