1. Summary Information
|
|
|
Country |
|
|
Company Name |
Sargam India
Electronics Private Limited |
Principal Name 1 |
Dayanand Omprakash Garg |
|
Status |
Moderate |
Principal Name 2 |
Dinesh Kumar Bansal |
|
|
|
Registration # |
043008 |
|
Street Address |
161, Sector-1 |
||
|
Established Date |
30.12.2010 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Trading |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Electronics |
|
|
# of employees |
42
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.3,989,000/- |
Product Name 3 |
-- |
|
Shareholders |
NO |
Banking |
Axis Bank
Limited |
|
Public Limited Corp. |
NO |
Business Period |
2 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(29) |
|
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 |
-- |
Current Liabilities |
-- |
|
Inventories |
-- |
Long-term Liabilities |
-- |
|
Fixed Assets |
-- |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
-- |
|
Invest& other Assets |
-- |
Retained Earnings |
-- |
|
|
|
Net Worth |
-- |
|
Total Assets |
-- |
Total Liab. & Equity |
-- |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales (Approximately) |
1,550,000,000 |
Net Profit |
-- |
|
Sales(Previous yr) (Approximately) |
1,400,000,000 |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
04.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
SARGAM INDIA ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
161, Sector-1 |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
30.12.2010 |
|
|
|
|
Com. Reg. No.: |
043008 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.3.989 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32204UP2010PTC043008 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Electronics. |
|
|
|
|
No. of Employees
: |
42 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
||
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of Sargam Electronics, a partnership concern
started in the year 2003. It is a well established company having good track. Trade relations
are reported as fair. Business is active. Payments are reported to be regular
and as per 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Ms. Prachi |
|
Designation : |
Account Department |
|
Contact No.: |
91-9540006470 / 9891415201 |
LOCATIONS
|
Registered Office : |
161, Sector-1 |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9540006470 / 9891415201 (Ms. Prachi) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Show Room – 1 : |
Narela: |
|
E-Mail : |
|
|
Mobile No. : |
91-9891727295 [Mr. Sanjeev] |
|
|
|
|
Show Room – 2: |
Pitam Pura: Kapil Vihar,
Pitam Pura, Delhi-110034, |
|
E-Mail : |
|
|
Mobile No. : |
91-9891727296 [Mr Anshu] |
|
|
|
|
Show Room - 3: |
Pitam Pura: Kapil Vihar, Pitam Pura, Delhi-110034, |
|
E-Mail : |
|
|
Mobile No. : |
91-9891415208 [Mr Deenesh] |
|
|
|
|
Show Room - 4: |
Hari Nagar: GL-11, |
|
E-Mail : |
|
|
Mobile No. : |
91-9891415205 [Mr Rajneesh] |
|
|
|
|
Show Room – 5: |
Paschim Vihar: A-3/183,
Paschim Vihar, New Delhi-110063, |
|
E-Mail : |
|
|
Mobile No. : |
91-9891970751 [Mr Raj] |
|
|
|
|
Show Room – 6: |
Uttam Nagar: A-27, |
|
E-Mail : |
|
|
Mobile No. : |
91-9718993695 [Mr Anil] |
|
|
|
|
Show Room- 7: |
Rohini: Shop no. 3 and 4, Shopping Center-1,
Sec-1, Avantika, Rohini, New Delhi-110085, |
|
E-Mail : |
|
|
Mobile No. : |
91-9990049412 [Mr Ravinder] |
|
|
|
|
Show Room – 8: |
Adarsh Nagar: A-260, |
|
E-Mail : |
|
|
Mobile No. : |
91-9990049413 [Mr Manoj] |
|
|
|
|
Show Room – 9: |
Jahangir Puri: B-1231,
Jahangir Puri, Mangal Bazar Road, Delhi-110033, |
|
E-Mail : |
|
|
Mobile No. : |
91-9718515206 [Mr Umesh] |
|
|
|
|
Show Room -10: |
Jahangir Puri: C-951, Jahangir
Puri, Delhi-110033, |
|
E-Mail : |
|
|
Tel. No. : |
91-11-27638092 [Mr Satya] |
|
|
|
|
Show Room – 11: |
Tri Nagar: 3774, Tri Nagar, Delhi-110033, |
|
E-Mail : |
|
|
Mobile No. : |
91-9718993692 [Mr Mukesh] |
|
|
|
|
Show Room – 12: |
Ashok Vihar: C-2/1, Phase-2, Opposite Deep Cinema
Market, Ashok Vihar, Delhi-110058 , |
|
E-Mail : |
|
|
Mobile No. : |
91-9212812128 [Mr Shukla] |
|
|
|
|
Show Room – 13: |
Lajpat Nagar: 2J-36, |
|
E-Mail : |
|
|
Mobile No. : |
91-9718993690 [Mr Ajay] |
|
|
|
|
Show Room – 14: |
Vikas Marg: A-67, Guru Nanak Pura, Main Road, Vikas
Marg, Delhi-110092, |
|
E-Mail : |
|
|
Mobile No. : |
91-9891705972 [Mr Yogesh] |
|
|
|
|
Show Room – 15: |
Vikas Puri: WZ-44/2, Outer Ring Road, Vikas Puri,
Delhi-110018, |
|
E-Mail : |
|
|
Mobile No. : |
91-9718510615 [Mr Ajay] |
|
|
|
|
Show Room – 16: |
Patel Nagar: 47, South Patel Nagar Market, Delhi-110008,
|
|
E-Mail : |
|
|
Mobile No. : |
91-9540409400 [Mr Ajay] |
|
|
|
|
Show Room – 17: |
Najafgrah: Shop No-1, Krishna Mandir Chowk,Near Nangloi
Stand, Najafgrah, Delhi-110043, |
|
Mobile No. : |
91-9718515205 [Mr Ravi] |
|
|
|
|
Show Room – 18: |
Kalkaji: K-75, Kalka Ji, Near Kalkaji Mandir,
Delhi-110019 , |
|
Mobile No. : |
91-9540409600 [Mr Kapoor] |
|
|
|
|
Show Room – 19: |
Kanti Nagar: A-1, Kanti Nagar ext., |
|
Mobile No. : |
91-9718993690 [Mr Ajay] |
|
|
|
|
Show Room – 20: |
Pashchim Puri: Electronic
Point- 172, Pocket-2, Pashchim Puri, Club Road, Delhi-110063, |
|
Mobile No. : |
91-9911415202 [Mr Rajesh] |
|
|
|
|
Show Room – 21: |
Rohni: Electronic point- C-9/6, Sector-7,
Rohini, Delhi-110085, |
|
Mobile No. : |
91-9990049411 [Mr Ravinder] |
|
|
|
|
Show Room – 22: |
Rohni: Gupta Electronics- B-1/35-36, Sector-17, Rohini,
Delhi-110085, |
|
Tel. No. : |
91-11-27882030 [Mr Gupta] |
|
|
|
|
Show Room – 23: |
|
|
Mobile No. : |
91-9540043293 [Mr Deepak] |
|
|
|
|
Warehouse : |
Located at |
|
Area : |
2500 Sq.ft |
|
Location : |
Rented |
DIRECTORS
|
Name : |
Dayanand Omprakash Garg |
|
Designation : |
Director |
|
Address : |
A-3/120, |
|
Date of Birth/Age : |
30.12.1964 |
|
Date of Appointment : |
30.12.2010 |
|
DIN No.: |
03294012 |
|
|
|
|
Name : |
Dinesh Kumar Bansal |
|
Designation : |
Director |
|
Address : |
A 3/86, Sector – 11, Rohini, |
|
Date of Birth/Age : |
02.04.1980 |
|
Date of Appointment : |
30.12.2010 |
|
DIN No.: |
03298544 |
KEY EXECUTIVES
|
Name : |
Ms. Prachi |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.12.2010
|
Names of Shareholders |
|
No. of Shares |
|
Dinesh Kumar Bansal |
|
5000 |
|
Dayanand Omprakash Garg |
|
5000 |
|
Total |
|
10000 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Electronics. |
|
|
|
|
Agencies Held : |
·
LG ·
·
Samsung |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Others |
|
|
|
|
No. of Employees : |
42 (Approximately) |
|
|
|
|
Bankers : |
Axis Bank Limited, 4/10, OPG House, Asaf Ali Road, New Delhi – 110
002, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Rajesh Gupta Chartered Accountant |
|
Address : |
|
|
|
|
|
Associates/Subsidiaries : |
Yash Marketing Address : Shop 32,
CSC 5, Sector 11, Rohini, New Delhi-110085, Activity: Distributor of
Electronic Items |
CAPITAL STRUCTURE
Authorised Capital : Rs.10.000 millions
Issued, Subscribed & Paid-up Capital : Rs.3.989
millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT AVAILABLE
|
Particulars |
|
31.03.2011 |
31.03.2010 |
|
Sales Turnover (Approximately) |
|
1550.000 |
1400.000 |
The above information has been parted by Ms. Prachi
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
|
|
1. |
Year of Establishment |
YES |
|
2. |
Locality of the firm |
YES |
|
3. |
Constitutions of the firm |
YES |
|
4. |
Premises details |
YES |
|
5. |
Type of Business |
YES |
|
6. |
Line of Business |
YES |
|
7. |
Promoter’s background |
-- |
|
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 |
NO |
|
13. |
Reasons for variations <> 20% |
NO |
|
14. |
Estimation for coming financial year |
NO |
|
15. |
Capital in the business |
NO |
|
16. |
Details of sister concerns |
YES |
|
17. |
Major Suppliers |
NO |
|
18. |
Major Customers |
NO |
|
19. |
Payment terms |
YES |
|
20. |
Export / Import details (is applicable) |
NO |
|
21. |
Market information |
-- |
|
22. |
Litigation that the firm / promoter involved
in |
-- |
|
23. |
Banking Details |
YES |
|
24. |
Banking facility details |
NO |
|
25. |
Conduct of the banking account |
-- |
|
26. |
Buyer visit details |
-- |
|
27. |
Financials, if provided |
NO |
|
28. |
Incorporation details, if applicable |
-- |
|
29. |
Last accounts filed at ROC |
-- |
|
30. |
Major Shareholders, is available |
-- |
NOTE
The company was a partnership concern (Sargam Electronics) from 2003 and
in 31.12.2010 it is a Private Limited Company.
FORM 8
|
Corporate identity number of the company |
U32204UP2010PTC043008 |
|
Name of the company |
SARGAM INDIA ELECTRONICS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in |
161, Sector-1 |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of charge holder |
Axis Bank Limited 4/10, OPG House, E-Mail : f8.axisbank@gmail.com |
|
Nature of instrument creating charge |
Deed of hypothecation of current assets (stocks and book debts) Deed of hypothecation of machinery and other movable fixed assets |
|
Date of instrument Creating the charge |
24.10.2011 |
|
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 As per sanction letter no. axisb/sme/delsme/2011-12/9110 dated
20.10.2011 to be amended from time to time Terms of Repayment As per sanction letter no. axisb/sme/delsme/2011-12/9110 dated
20.10.2011 to be amended from time to time Margin As per sanction letter no. axisb/sme/delsme/2011-12/9110 dated
20.10.2011 to be amended from time to time Extent and Operation of the charge Extent and Operation - 100% Others The above is to secure adhoc cash credit limit |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Hypothecation by way of first and exclusive charge over all present
and future current assets and movable fixed assets (except vehicles) of the
company stored or to be stored at the company's godowns or premises or
wherever else the same may be. |
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.48.96 |
|
|
1 |
Rs.77.46 |
|
Euro |
1 |
Rs.64.39 |
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 |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.