MIRA
INFORM REPORT
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Report Date : |
30.01.2012 |
IDENTIFICATION DETAILS
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Name : |
D & M INTRADE PRIVATE LIMITED |
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Registered
Office : |
G-13, Unitech South City-1, Gurgaon – 122001, Haryana |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
01.06.2007 |
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Com. Reg. No.: |
55-036908 |
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Capital
Investment / Paid-up Capital : |
Rs.0.150 Million |
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CIN No.: [Company Identification
No.] |
U51101HR2007PTC036908 |
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IEC No.: |
0507053885 |
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PAN No.: [Permanent Account No.] |
AACCD6334K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Electronic Goods for Military Applications. |
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No. of Employees
: |
14 (Approximately) (In Office 10 + In Factory 4) |
‘RATING & COMMENTS
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MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. The company
is progressing well. Trade relations are reported as fair. Business is
active. Payments are reported to be usually 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) |
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A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Prashant Mehra |
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Designation : |
Director |
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Contact No.: |
91-9810070320 |
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Date : |
28.01.2012 |
LOCATIONS
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Registered Office : |
G-13, Unitech South City-1, Gurgaon – 122001, |
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Tel. No.: |
91-124-4377298 |
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Fax No.: |
91-124-4377299 |
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E-Mail : |
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Area : |
4500 Sq. Ft. |
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Location : |
Owned |
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Factory : |
(Under Construction): Plot No. N/51 and N/52, Industrial Estate
Chandaka, Bhubaneshwar, |
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E-Mail : |
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Area : |
42900 Sq. Ft. |
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Location : |
Owned |
DIRECTORS
As on 29.09.2011
|
Name : |
Mr. Prashant Mehra |
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Designation : |
Director |
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Address : |
1st Floor, G-13, |
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Date of Birth/Age : |
01.09.1972 |
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Qualification : |
MBA |
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Experience : |
10 Years |
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Date of Appointment : |
01.06.2007 |
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DIN No.: |
01287231 |
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Name : |
Mrs. Chusha Mehra |
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Designation : |
Director |
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Address : |
1st Floor, G-13, |
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Date of Birth/Age : |
01.05.1974 |
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Qualification : |
MBA |
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Experience : |
10 Years |
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Date of Appointment : |
01.06.2007 |
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DIN No.: |
01418863 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2011
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Names of Shareholders |
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No. of Shares |
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Prashant Mehra |
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5000 |
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Chusha Mehra |
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5000 |
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Silversmith Marketing Private Limited, |
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2500 |
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Jaguar Equity Limited, |
|
2500 |
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Total |
|
15000 |
As on 29.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
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Bodies corporate |
33.00 |
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Directors or relatives of Directors |
67.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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Terms : |
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Selling : |
L/C, Cash and Credit (60 Days) |
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Purchasing : |
L/C, Cash and Credit (60 Days) |
GENERAL INFORMATION
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No. of Employees : |
14 (Approximately) (In Office 10 + In Factory 4) |
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Bankers : |
·
Yes Bank, Ground Floor, Sco-27, Sector – 14, Huda
market, Gurgaon – 122001, ·
Yes Bank, 9th Floor, Nehru Centre,
Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018,
Maharashtra, India |
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Facilities : |
Credit Limit : Rs.16.500
Millions (From Yes Bank)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Sunil Trehan and Associates Chartered Accountants |
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Address : |
R-40, NDSE-II, |
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Tel. No.: |
91-11-26258316 |
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Fax No.: |
91-11-26258316 |
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E-Mail : |
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PAN.: |
AAAFS7564F |
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Sister Concern : |
Janus Trading Company Address : R-40, NDSE –
II, Line of Business
: Trading and Services of Security Systems Equipment Super Sleuth Security System Address : C-5, Shivalik, Line of Business
: Trading and Services of Security Systems Equipment |
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Associates Companies or Firms : |
Super Sleuth Security System Address : C-5, Shivalik, Line of Business
: Trading and Services of Security Systems Equipment Swastik International Inc |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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15000 |
Equity Shares |
Rs.10/- each |
Rs.0.150
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.150 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
5.789 |
0.414 |
0.291 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
5.939 |
0.514 |
0.391 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
1.023 |
7.423 |
4.673 |
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TOTAL BORROWING |
1.023 |
7.423 |
4.673 |
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DEFERRED TAX LIABILITIES |
0.006 |
0.003 |
0.000 |
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TOTAL |
6.968 |
7.940 |
5.064 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
4.171 |
3.947 |
3.925 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.500 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.248
|
0.592 |
0.000 |
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Sundry Debtors |
2.750
|
0.000 |
0.000 |
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Cash & Bank Balances |
1.981
|
1.172 |
1.753 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
2.290
|
3.052 |
2.957 |
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Total
Current Assets |
7.269
|
4.816 |
4.710 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
3.564
|
0.376 |
0.135 |
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Other Current Liabilities |
0.956
|
0.186 |
3.198 |
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Provisions |
0.462
|
0.271 |
0.252 |
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Total
Current Liabilities |
4.982
|
0.833 |
3.585 |
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Net Current Assets |
2.287
|
3.983 |
1.125 |
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MISCELLANEOUS EXPENSES |
0.010 |
0.010 |
0.014 |
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TOTAL |
6.968 |
7.940 |
5.064 |
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PROFIT & LOSS
ACCOUNT
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|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
9.413 |
0.000 |
0.163 |
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AMC Income |
0.000 |
3.119 |
3.119 |
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|
3.282 |
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Interest Received |
0.003 |
0.000 |
0.083 |
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Miscellaneous Income |
0.885 |
0.000 |
0.000 |
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TOTAL (A) |
10.301 |
3.119 |
3.365 |
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Less |
COST OF GOODS
SOLD |
5.455 |
1.433 |
0.055 |
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Less |
EXPENSES |
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Accounting Charges |
0.024 |
0.000 |
0.025 |
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AMC Expenses |
0.000 |
0.000 |
0.006 |
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Audit Fees |
0.022 |
0.008 |
0.035 |
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Business Promotion |
0.295 |
0.189 |
0.350 |
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Car Hire charges |
0.089 |
0.000 |
0.000 |
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Custom Duty |
0.244 |
0.000 |
0.000 |
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Commission Paid |
0.000 |
0.000 |
0.000 |
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Conveyance |
0.104 |
0.027 |
0.000 |
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Donation |
0.005 |
0.000 |
0.000 |
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Exhibition Expenses |
0.209 |
0.241 |
0.000 |
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Director Remuneration |
0.000 |
0.120 |
0.000 |
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Electricity Expenses |
0.083 |
0.000 |
0.000 |
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Establishment Expenses |
0.916 |
0.236 |
0.788 |
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|
Freight and Carriage Inward |
0.138 |
0.035 |
0.000 |
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|
‘Forex Fluctuation Expenses |
0.014 |
0.000 |
0.000 |
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|
Income Tax |
0.001 |
0.000 |
0.000 |
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|
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Insurance Expenses |
0.011 |
0.002 |
0.000 |
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|
Legal and Professional Charges |
0.032 |
0.035 |
0.008 |
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|
Miscellaneous Expenses |
0.014 |
0.013 |
0.003 |
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|
Postage and Courier Charges |
0.049 |
0.001 |
0.000 |
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|
Preliminary Expenses Written Off |
0.000 |
0.005 |
0.005 |
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|
Printing Stationary |
0.039 |
0.013 |
0.005 |
|
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|
Prior Period Expenses |
0.002 |
0.037 |
0.003 |
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|
Rent |
0.739 |
0.000 |
0.486 |
|
|
|
Staff Welfare |
0.116 |
0.000 |
0.000 |
|
|
|
Repair and Maintenance Expenses
|
0.470 |
0.052 |
0.030 |
|
|
|
Telephone Expenses |
0.100 |
0.003 |
0.017 |
|
|
|
Tour and Travelling Expenses |
0.460 |
0.471 |
0.955 |
|
|
|
TOTAL (B) |
4.176 |
1.488 |
2.716 |
|
|
|
|
|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.670 |
0.198 |
0.594 |
|
|
|
|
|
|
|
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|
Less |
FINANCIAL
EXPENSES (D) |
0.008 |
0.002 |
0.011 |
|
|
|
|
|
|
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.662 |
0.196 |
0.583 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.042 |
0.002 |
0.001 |
|
|
|
|
|
|
|
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|
PROFIT BEFORE
TAX (E-F) (G) |
0.620 |
0.194 |
0.582 |
|
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|
|
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|
|
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Less |
TAX (I) |
0.195 |
0.071 |
0.252 |
|
|
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|
|
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|
PROFIT AFTER TAX
(G-I) (J) |
0.425 |
0.123 |
0.330 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.414 |
0.291 |
(0.039) |
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|
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|
BALANCE CARRIED
TO THE B/S |
0.839 |
0.414 |
0.291 |
|
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|
Earnings Per
Share (Rs.) |
28.33 |
12.30 |
33.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.13
|
3.94 |
9.81 |
|
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|
Net Profit Margin (PBT/Sales) |
(%) |
6.59
|
6.22 |
17.73 |
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.42
|
2.21 |
6.74 |
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.38 |
1.49 |
|
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|
Debt Equity Ratio (Total Liability/Networth) |
|
1.01
|
16.06 |
21.12 |
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|
Current Ratio (Current Asset/Current Liability) |
|
1.46
|
5.78 |
1.31 |
LOCAL AGENCY FURTHER INFORMATION
Operations:
The company has achieved a turnover of Rs.9.413 Millions (Previous year Rs.3.119
Millions as company has not any activity during that period) and has of
Rs.0.425 Million (Previous year 0.123 Million) after taxation. The directors
foresee a bright future of the company.
Form 8:
|
Corporate
identity number of the company |
U51101HR2007PTC036908 |
|
Name of the
company |
D AND M INTRADE
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
G-13, Unitech South City-1, Gurgaon – 122001, E-Mail : sunil.trehan@vsnl.net
|
|
This form is for
|
Creation of charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Floating charge Others (All CA
and MFA(Both Present and Future) of the company |
|
Particular of
charge holder |
Yes Bank, 9th
Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai
– 400018, Maharashtra, India E-mail : dlrbcaddel@yesbank.in |
|
Nature of instrument
creating charge |
Deed of
Hypothecation dated 05.08.2011 |
|
Date of
instrument Creating the charge |
05.08.2011 |
|
Amount secured
by the charge |
Rs.15.800
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest CC -YBBR plus 4.50%, Current YBBR 10.25%, EROI 14.75% p.a. FLC(sight)-Comm 1.50% p.a, inclusive of service tax and all other
Additional charges (payable upfront) PBG-Comm 1.50% p.a. (payable upfront). Terms of repayment CC - Repayable on demand. FLC (sight) - Maximum up to 120 days. PBG - 24 months (including claim period). Margin CC - 25% on Book Debts (less than 90 days) plus 25% on Stocks minus
Creditors. FLC(sight) - 30% margin in the form of Fixed Deposit kept under lien
with Yes Bank Limited. PBG - 30% margin in the form of Fixed Deposit kept under lien with Yes
Bank Limited. Extent and operation of the charge Exclusive charge by way of hypothecation on all the Current Assets and
Movable Fixed Assets (Both Present and Future) of the company. |
|
Short
particulars of the property or asset(s) charged (including complete address
and location of the property) |
Exclusive charge
by way of hypothecation on all the Current Assets and Movable Fixed Assets (Both
Present and Future) of the company. |
Fixed Assets:
·
Building
·
Land
·
Furniture and Fixtures
·
Office Equipments
·
·
Computers
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.49.65 |
|
|
1 |
Rs.77.80 |
|
Euro |
1 |
Rs.65.05 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
42 |
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.