|
Report Date : |
21.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
HELUKABEL INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F-305, Kailash Complex, Hiranandani Link Road, Behind Godrej Quarters,
Vikhroli (West), Mumbai-400 079, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.11.2006 |
|
|
|
|
Com. Reg. No.: |
11-165853 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.153 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300MH2006FTC165853 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH10236C |
|
|
|
|
Legal Form : |
Private limited liability company |
|
|
|
|
Line of Business
: |
Trader, Importer and Exporter of Cables and Wires, Halogen Free Low
Smoke Cables, Data, Cable Protection Systems for Robotics and Handling
Systems. |
|
|
|
|
No. of Employees
: |
6 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 160000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an Indian Subsidiary of Helukabel GmbH, The company can be considered normal for business dealings at usual
trade term and conditions. Profit and Loss account of the company is not available. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY
|
Name : |
Mr. Tushar |
|
Designation : |
Account Executive |
|
Contact No.: |
91-22-25185839 |
|
Date : |
14.02.2012 |
LOCATIONS
|
Registered Office : |
F-305, Kailash Complex, Hiranandani Link Road, Behind Godrej Quarters,
Vikhroli (West), Mumbai-400079, Maharashtra, India |
|
Tel. No.: |
91-22-25185839 ( |
|
Fax No.: |
91 22- 25185841 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Warehouse : |
Bhiwandi, Maharashtra, India |
|
Location : |
Rented |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Haribansh Singh |
|
Designation : |
Director |
|
Address : |
304, prince Tower, LBS Marg, Ghatkopar (west), Mumbai-400 086,
Maharashtra, India |
|
Date of Birth/Age : |
06.12.1968 |
|
Date of Appointment : |
28.11.2006 |
|
DIN No.: |
01553991 |
|
|
|
|
Name : |
Mr. Helmut Luksch |
|
Designation : |
Director |
|
Address : |
Groninger Street, 74, Ditzingen, Germany-71254 |
|
Date of Birth/Age : |
14.06.1950 |
|
Date of Appointment : |
28.11.2006 |
|
|
|
|
Name : |
Mr. Kellner Von Bergen Walter Hartmut |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
11.07.1962 |
|
Date of Appointment : |
28.11.2006 |
|
DIN No.: |
01553948 |
KEY EXECUTIVES
|
Name : |
Mr. Tushar |
|
Designation : |
Account Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Helukabel |
109990 |
|
Helmut Luksch |
1800 |
|
Hartmut Kellner Von Bergen |
1800 |
|
Haribansh Singh |
1760 |
|
Total
|
115350 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
95.35 |
|
Directors or relatives of Directors |
4.65 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Importer and Exporter of Cables and Wires, Halogen Free Low Smoke
Cables, Data, Cable Protection Systems for Robotics and Handling Systems. |
|
|
|
|
Exports : |
|
|
Countries : |
·
Oman ·
Muscat |
|
|
|
|
Imports : |
|
|
Products : |
Cable and Wires |
|
Countries : |
Germany |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Credit (30 days), Advance |
|
|
|
|
Purchasing : |
L/C, Advance |
GENERAL INFORMATION
|
Customers : |
Manufacturer |
|
|
|
|
No. of Employees : |
6 (Approximately) |
|
|
|
|
Bankers : |
·
ICICI Bank, Mumbai, Maharashtra, India ·
Corporation Bank, Mumbai, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kuwadia and Associates Chartered Accountants |
|
Address : |
B/305 and B/501, Sai Darshan, Garden Lane, Gamdevi Road, Sanghani Estate,
Ghatkopar, Mumbai-400 086, Maharashtra, India |
|
Pan No.: |
AKXPK6688B |
|
|
|
|
Holding Company : |
Helukabel GMBH, Germany |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
115350 |
Equity Shares |
Rs.10/- each |
Rs. 1.153
Millions |
|
|
|
|
|
Note:
1. 109990 (2008-109990) Equity Shares of Rs. 10 each fully paid up are held
by Helukabel Gmbh, Dieselstrasse, 8-12, D-71282 Hemingen, Germany, The Holding
Company.
2. 1760 (10 (2007-10) + 1750 (2011)) Equity shares of Rs. 10 each fully paid
up are held by Mr. Haribansh J Singh, 304, Prime Tower, LBS Marg, Ghatkopar
(West), Mumbai-400086.
3. 1800 (2010-11) Equity shares of Rs. 10 each fully paid are held by Mr.
Hartmut Kellner Von Bergen Mulhauser street, 50, Ludwigsburg, Germany-71640.
4. 1800 (2010-11) Equity shares of Rs. 10 each fully paid up are held by Mr.
Helmut Luksch, Groninger Street, 74, Ditzingen, Germany-71254.
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 |
1.153 |
1.100 |
1.100 |
|
|
2] Share Application Money |
0.000 |
0.053 |
0.053 |
|
|
3] Reserves & Surplus |
40.706 |
25.487 |
12.985 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
41.859 |
26.640 |
14.138 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
41.859 |
26.640 |
14.138 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.520 |
0.488 |
0.177 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
5.903 |
5.546 |
5.501 |
|
|
DEFERREX TAX ASSETS |
0.032 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
9.371
|
6.530
|
5.477 |
|
|
Sundry Debtors |
15.318
|
7.286
|
6.630 |
|
|
Cash & Bank Balances |
17.614
|
10.210
|
4.976 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
26.696
|
15.220
|
7.663 |
|
Total
Current Assets |
68.999
|
39.246 |
24.746 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
11.659
|
3.821
|
8.001
|
|
|
Other Current Liabilities |
0.672
|
0.292
|
(0.098) |
|
|
Provisions |
22.264
|
14.527
|
8.383 |
|
Total
Current Liabilities |
34.595
|
18.640 |
23.624 |
|
|
Net Current Assets |
34.404
|
20.606
|
8.460 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
41.859 |
26.640 |
14.138 |
|
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
500.000 |
|
|
|
|
|
Expected Sales (2011-2012) : Rs. 800.000 Millions
The above information has been parted by Mr. Tushar.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.83
|
0.70
|
1.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.99
|
2.11
|
1.52 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions 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 variation <> 20% |
----- |
|
14. Estimation for coming financial year |
Yes |
|
15. Capital in the business |
Yes |
|
16. Details of sister concerns |
------ |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
Yes |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
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, if available |
------ |
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
Sundry Creditors |
|
|
|
|
Sundry Creditors
for Goods |
10.449 |
3.604 |
7.981 |
|
Sundry Creditors for
Expenses |
1.210 |
0.217 |
0.020 |
|
Total |
11.659 |
3.821 |
8.001 |
FIXED ASSETS:
·
Furniture
·
Computer
·
Air Conditioner
·
EPABX System
·
Office Equipments
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] 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. 49.21 |
|
|
1 |
Rs. 77.75 |
|
Euro |
1 |
Rs. 64.58 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
|
45 |
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.