BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
SMITH INDUSTRIAL CORPORATION PRIVATE LIMITED |
Principal Name 1 |
MR. TUSHAR JAIN |
|
Status |
NEW COMPANY |
Principal Name 2 |
MRS. NISHA JAIN |
|
|
|
Registration # |
55-213466 |
|
Street Address |
147, F.I.E., PATPARGANJ INDUSTRIAL AREA, |
||
|
Established Date |
07.02.2011 |
SIC Code |
-- |
|
Telephone# |
91-11-43036740/ 22144553 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-11-22144554 |
Business Style 2 |
EXPORTER |
|
Homepage |
Product Name 1 |
PRECISION PARTS |
|
|
# of employees |
25 (APPROXIMATELY) |
Product Name 2 |
-- |
|
Paid up capital |
RS.100,000/- |
Product Name 3 |
-- |
|
Shareholders |
NOT AVAILABLE |
Banking |
BANK OF |
|
Public Limited Corp. |
NO |
Business Period |
ABOUT 10 MONTHS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
NB |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
ASSOCIATES/SUBSIDIARIES |
|
AUTOMAT INDUSTRIES (PRIVATE) LIMITED |
-- |
|
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 |
-- |
Net Profit |
-- |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
04.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
SMITH INDUSTRIAL CORPORATION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
147, F.I.E., Patparganj Industrial Area, |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
07.02.2011 |
|
|
|
|
Com. Reg. No.: |
55-213466 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28113DL2011PTC213466 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS43697D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAPCS3415B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Precision Parts for Horological
Industry. |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company and establishing itself gradually. The
company expects a sizeable turnover in its very first year of operations.
Trade relations are air. Business is active. Payments are unknown. The company can be considered for business dealings on a safe and
secured 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 : |
Mr. Nirmal Jain |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9810119187 91-11-43036740 |
|
Date : |
02.01.2012 |
LOCATIONS
|
Registered Office/ Factory : |
147, F.I.E., Patparganj Industrial Area, |
|
Tel. No.: |
91-11-43036740/ 22144553 |
|
Mobile No.: |
91-9810119187 (Mr. Nirmal Jain) |
|
Fax No.: |
91-11-22144554 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Tushar Jain |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
D-231, Vivek Vihar, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.08.1970 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
07.02.2011 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00053023 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Nisha Jain |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
D-231, Vivek Vihar, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.12.1949 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
07.02.2011 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02477329 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Nirmal Jain |
|
Designation : |
Chief Executive Officer |
|
E-Mail : |
|
|
|
|
|
Name : |
Mr. Sher Singh |
|
Designation : |
President |
|
E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 20.01.2011
|
Names of Shareholders |
|
No. of Shares |
|
Tushar Jain |
|
5000 |
|
Nisha Jain |
|
5000 |
|
Total |
|
10000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Precision Parts for Horological
Industry. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
v
v
v
v
v
|
|
|
|
|
Imports : |
|
|
Products : |
v
Machinery v
Raw Material |
|
Countries : |
v
v
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
OEM’s and Manufacturing Company v
LANDIS and GYR
Limited, v LANDIS and GYR Limited, v Keihin Fie Private Limited, v v Hit Products, v Dellorto India Private Limited, v
v
Portescap (A Danaher Motion Company), v
HP India, v
Waaree Instruments, v
|
|
|
|
|
No. of Employees : |
25 (Approximately) |
|
|
|
|
Bankers : |
Bank of |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gupta and Associates Chartered Accountants |
|
Address : |
|
|
|
|
|
Associates/Subsidiaries : |
Automat Industries (Private) Limited, |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each
|
Rs.50.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each
|
Rs.0.100
million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW COMPANY
Expected Sales (2011-2012): Rs.400.000 Millions
The above information has been parted by Mr. Nirmal Jain (Chief
Executive Officer).
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) 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 |
-- |
|
12) Profitability
for last three years |
-- |
|
13) Reasons for
variation <> 20% |
-- |
|
14) Estimation
for coming financial year |
Yes |
|
15) Capital in
the business |
Yes |
|
16) Details of
sister concerns |
Yes |
|
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 |
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 |
-- |
FORM 8:
|
Corporate
identity number of the company |
U28113DL2011PTC213466 |
|
Name of the
company |
SMITH INDUSTRIAL CORPORATION PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
147, F.I.E., Patparganj Industrial Area, E-Mail: gupta_ps@yahoo.co.in |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable Property Floating Charge |
|
Particular of
charge holder |
Bank of E-Mail: gupta1010@hotmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement of term
loan and hypothecation of movable assets / goods / property / plant and
machinery. |
|
Date of
instrument Creating the charge |
17.11.2011 |
|
Amount secured by
the charge |
Rs.18.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: 3.25% over Base
Rate plus 0.50% tenor premium presently 14.50% p.a. with monthly rests. Terms of
Repayment: 34 Monthly
installments of Rs.0.515 million each and 35th installment of
Rs.0.490 million. Commencing from December 2011 till the loan is fully paid
off. Interest including that of moratorium period to be paid as and when
applied in the account. Margin: 29% Extent and
Operation of the charge: First charge on
all the hypothecated movable plant and machinery of the Company. Others: The charge is
created to secure a term loan of Rs.18.000 millions granted by the Bank to
the Company. |
|
Short particulars
of the property charged |
All types of Plant
and Machinery of whatsoever nature whether present or future. |
WEBSITE DETAILS:
PROFILE:
Stands for quality, reliability and timely delivery of custom made High Precision Components manufactured on screw machines (Décolletage de Precision).
Started more then three decades back, as a small machine shop to manufacture precision components for horological industry and the defense sector.
Over the years, it has grown to encompass a wide range of facilities and products in its twin industrial and irrigation division - Their capabilities in both these categories well recognized
They are also the largest manufacturer of brass impact
sprinklers in
Integrating knowledge, skills and resources from different fields of engineering is their forte.
Innovation in product design, development, manufacture and delivery of precision products of up to 10micron accuracy, in volumes ranging from 1 Mn – 10 Mn pieces annually with minimum lead time.
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.53.23 |
|
|
1 |
Rs.82.87 |
|
Euro |
1 |
Rs.69.13 |
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.