1. Summary Information
|
|
|
Country |
|
|
Company Name |
CONSORTIUM
COMPONENT TECHNOLOGIES LIMITED |
Principal Name 1 |
Mr. Ashish Magu |
|
Status |
Moderate |
Principal Name 2 |
Mr. Ranish Behl |
|
|
|
Registration # |
101873 |
|
Street Address |
106, Vinoba Puri Lajpat Nagar, Part – 2, |
||
|
Established Date |
07.10.1999 |
SIC Code |
-- |
|
Telephone# |
91-11-65426542/43 |
Business Style 1 |
Manufacturer, Exporter and Importer of Electronic
Components. |
|
Fax # |
91-11-29840686 |
Business Style 2 |
--- |
|
Homepage |
--- |
Product Name 1 |
--- |
|
# of employees |
-- |
Product Name 2 |
--- |
|
Paid up capital |
Rs.
1000000 |
Product Name 3 |
--- |
|
Shareholders |
Directors /
Relatives Of Directors |
Banking |
Punjab National Bank |
|
Public Limited Corp. |
--- |
Business Period |
13 Years. |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
B
(26) |
|
Related
Company --- |
|||
|
Relation
|
Country
|
Company
Name |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
5,313,000 |
Current Liabilities |
5,489,000 |
|
Inventories |
7,791,000 |
Long-term Liabilities |
4,378,000 |
|
Fixed Assets |
180,000 |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
9,867,000 |
|
Invest& other Assets |
23,000 |
Retained Earnings |
1,252,0000 |
|
|
|
Net Worth |
3,440,000 |
|
Total Assets |
13,307,000 |
Total Liab. & Equity |
13,307,000 |
|
Total Assets (Previous Year) |
9,707,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
--- |
Net Profit |
353,000 |
|
Sales(Previous yr) |
--- |
Net Profit(Prev.yr) |
302,000 |
|
Report Date : |
06.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
CONSORTIUM COMPONENT TECHNOLOGIES LIMITED |
|
|
|
|
Registered Office : |
106, Vinoba Puri Lajpat Nagar, Part – 2, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
07.10.1999 |
|
|
|
|
Com. Reg. No.: |
101873 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.000 Million |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74899DL1999PTC101873 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELC06667D |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business : |
Manufacturer, Exporter and Importer of Electronic Components. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 13760 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track.Profitablity
of the company appears to be low. However trade relations are reported as fair.
Business is active. Payments are reported to be slow but correct. The Company can be considered for business dealings with some caution. |
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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
106, Vinoba Puri Lajpat Nagar, Part – 2, |
|
Tel. No.: |
91-11-65426542/43 |
|
Fax No.: |
91-11-29840686 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Located At :
|
DIRECTORS
AS ON 29.09.2011
|
Name : |
Mr. Ashish Magu |
|
Designation : |
Director |
|
Address : |
106, Vinoba Puri Lajpat Nagar, Part – 2, |
|
Qualification : |
Engineer |
|
Date of Appointment : |
07-10-1999 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the
Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U74899DL1995PTC068838 |
SAGAR TECHNOLOGIES PRIVATE
LIMITED |
Director |
22/05/1995 |
22/05/1995 |
- |
Active |
NO |
|
2 |
U74899DL1994PTC058541 |
EAST WEST AUTOMATION TECHNOLOGIES
PRIVATE LIMITED |
Director |
01/01/1998 |
01/01/1998 |
- |
Active |
NO |
|
3 |
U64120DL1999PTC101635 |
AIRNET TECHNOLOGIES
PRIVATE LIMITED |
Director |
21/09/1999 |
21/09/1999 |
- |
Active |
NO |
|
4 |
U74899DL1999PTC101873 |
CONSORTIUM COMPONENT
TECHNOLOGIES PVT LTD |
Director |
07/10/1999 |
07/10/1999 |
- |
Active |
NO |
|
5 |
U74140DL2010PTC211156 |
MAGS TECHNOLOGIES PRIVATE
LIMITED |
Director |
07/12/2010 |
07/12/2010 |
- |
Active |
NO |
|
Name : |
Mr. Ranish Behl |
|
Designation : |
Director |
|
Address : |
37, Sunshine Apt, Paschim Vihar, |
|
Date of Birth/Age : |
13.07.1963 |
|
Qualification : |
Admin Post Graduate |
|
Date of Appointment : |
07-10-1999 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the
Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U74899DL1994PTC058541 |
EAST WEST AUTOMATION
TECHNOLOGIES PRIVATE LIMITED |
Director |
22/04/1994 |
22/04/1994 |
- |
Active |
NO |
|
2 |
U74899DL1999PTC101873 |
CONSORTIUM COMPONENT
TECHNOLOGIES PVT LTD |
Director |
07/10/1999 |
07/10/1999 |
- |
Active |
NO |
|
3 |
U74899DL1989PTC034859 |
FIRETECH ENGINEERS PRIVATE
LIMITED |
Additional director |
15/10/2004 |
15/10/2004 |
16/10/2004 |
Strike off |
NO |
|
4 |
U72200DL2006PTC145261 |
NETCOM SOFTECH PRIVATE
LIMITED |
Director |
23/01/2006 |
23/01/2006 |
- |
Active |
NO |
|
5 |
U72200DL2006PTC149658 |
PVS TELENET PRIVATE
LIMITED. |
Director |
12/06/2006 |
12/06/2006 |
- |
Active |
NO |
|
6 |
U72200DL2006PTC155150 |
AVIAN TECHNOLOGIES PRIVATE
LIMITED |
Additional director |
03/11/2006 |
03/11/2006 |
- |
Active |
NO |
|
7 |
U64200DL2007PTC167125 |
AVIAN TECH SOLUTIONS
PRIVATE LIMITED |
Director |
17/08/2007 |
17/08/2007 |
- |
Active |
NO |
|
8 |
U25202DL2007PTC168309 |
OHM AUDIO INDIA PRIVATE
LIMITED |
Director |
17/09/2007 |
17/09/2007 |
- |
Active |
NO |
|
9 |
U72200DL2001PTC110131 |
QUAKE SOFT PRIVATE LIMITED
|
Additional director |
18/01/2010 |
18/01/2010 |
- |
Active |
NO |
|
10 |
U72200DL2011PTC218838 |
EGON CONSULTING PRIVATE
LIMITED |
Director |
09/05/2011 |
09/05/2011 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Ranish Behl |
|
990 |
|
M/s. East West Automation Tech. Private Limited, |
|
10 |
|
Mr. Sasi Bhushan Suryadevara |
|
1700 |
|
|
|
1300 |
|
Mr. Nagabhushanam Suryadevara |
|
500 |
|
Mr. Rajendra Babu Suryadevra |
|
500 |
|
Mr. Rambabu Suryadevra |
|
1000 |
|
Mr. Arvind Kaul |
|
1000 |
|
Mr. Girish Sarin |
|
1000 |
|
Mr. Ashish Magu |
|
1000 |
|
Mrs. Sanyogita Sharma |
|
1000 |
|
Total |
|
10000 |
Equity Shares Break up
AS ON 29.09.2011
|
Sr.No. |
Category |
Percentage |
|
1. |
Directors / Relatives Of Directors |
100.00 |
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Electronic Components. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Bankers : |
Punjab National Bank, Tilak Nagar, New Delhi - 110018, Delhi, India. |
||||||||||||||||||||||||
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||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Roop Basant Arora Chartered Accountant |
|
Address : |
14A/57, 1st Floor, WEA, Karol Bagh, New Delhi – 110005,
India. |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000 |
Equity Shares |
Rs. 100/- each |
Rs. 2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs. 100/- each |
Rs. 1.000 Million |
|
|
|
|
|
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 |
1.000 |
1.000 |
1.000 |
|
|
2] Share Application Money |
1.188 |
1.188 |
1.300 |
|
|
3] Reserves & Surplus |
1.252 |
0.899 |
0.597 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.440 |
3.087 |
2.897 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.928 |
1.891 |
1.826 |
|
|
2] Unsecured Loans |
0.450 |
0.450 |
0.450 |
|
|
TOTAL BORROWING |
4.378 |
2.341 |
2.276 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7.818 |
5.428 |
5.173 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.180 |
0.176 |
0.174 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7.791 |
5.181
|
3.045 |
|
|
Sundry Debtors |
5.106 |
4.195
|
4.155 |
|
|
Cash & Bank Balances |
0.065 |
0.082
|
0.022 |
|
|
Other Current Assets |
0.051 |
0.049
|
0.070 |
|
|
Loans & Advances |
0.091 |
0.000
|
0.000 |
|
Total
Current Assets |
13.104
|
9.507
|
7.292 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5.138 |
3.978
|
1.954 |
|
|
Other Current Liabilities |
0.186 |
0.166
|
0.261 |
|
|
Provisions |
0.165 |
0.135
|
0.105 |
|
Total
Current Liabilities |
5.489
|
4.279
|
2.320
|
|
|
Net Current Assets |
7.615
|
5.288
|
4.972
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.023 |
0.024 |
0.027 |
|
|
|
|
|
|
|
|
TOTAL |
7.818 |
5.428 |
5.173 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.518 |
0.437 |
0.203 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.165 |
0.135 |
0.117 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
0.353 |
0.302 |
0.086 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA |
NA |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
NA |
NA |
|
|
|
|
|
|
|
Return on Total
Assets (PBT/Total
Assets} |
(%) |
3.90 |
4.51 |
2.72 |
|
|
|
|
|
|
|
Return on
Investment (ROI) (PBT/Networth) |
|
0.15 |
0.14 |
0.08 |
|
|
|
|
|
|
|
Debt Equity
Ratio (Total
Liability/Networth) |
|
2.87 |
2.14 |
1.59 |
|
|
|
|
|
|
|
Current Ratio (Current
Asset/Current Liability) |
|
2.39 |
2.22 |
3.14 |
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 |
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 three years |
Yes |
|
12) Profitability for last three 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 |
No |
|
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 |
OPERATIONS:
As per Audited Profit and Loss Account for the year, the company had made
a Net Profit of Rs. 0.353 Million after making provisions for Income-Tax to the
tune of Rs. 0.165 Million as compared to Net Profit of Rs. 0.302 Million after
making provisions for Income-Tax to the tune of Rs. 0.135 Million.
FORM 8:
|
Corporate
identity number of the company |
U74899DL1999PTC101873 |
|
Name of the
company |
CONSORTIUM COMPONENT TECHNOLOGIES LIMITED |
|
Address of the
registered office or of the principal place of business in |
106 Vinobha Purilajpat Nagar
Part – II, |
|
This form is for |
Modification of
charge |
|
Type of charge |
Book debts Others |
|
Particular of
charge holder |
PUNJAB NATIONAL
BANK Tilak Nagar, |
|
Nature of instrument
creating charge |
Hypothecation of
goods and book debts to secure CASH CREDIT Facility |
|
Date of
instrument Creating the charge |
22.06.2011 |
|
Amount secured by
the charge |
Rs.3.500 Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest BPLR+4.5% Terms of
Repayment On Demand Margin 25% On stock And
40% On Book Debts Extent and
operations of the charge Hypothecation of Raw Material,Finished Goods,WIP And Book Debts |
|
Short Particulars
of the property charged |
Hypothecation of
Raw Material ,Finished Goods WIP And Book Debts |
FIXED ASSETS:
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.55.03 |
|
|
1 |
Rs.85.93 |
|
Euro |
1 |
Rs.68.97 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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.