|
Report Date : |
07.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
AMULYA EXPORTS LIMITED |
|
|
|
|
Registered
Office : |
510 Gokul Building |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2009 |
|
|
|
|
Date of
Incorporation : |
11.11.1997 |
|
|
|
|
Com. Reg. No.: |
11-111832 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.27.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1997PLC111832 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited
Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and sale of steel coils/pipe/sheets |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1050000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is and established company having moderate track. The
management but have fail to field the financial details since 2009, However trade
relations are reported to be fair. Business is active. Payment are reported to be slow but correct. The company can be considered for business dealing 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) |
|
|
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
Unable to Contact
LOCATIONS
|
Registered Office : |
510 Gokul Building |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2009
|
Name : |
Mr. Rajiv Lochan Soni |
|
Designation : |
Director |
|
Address : |
19/2 Manoramaganj, |
|
Date of Birth/Age : |
23.09.1956 |
|
Date of Appointment : |
05.02.2003 |
|
Din No.: |
00309653 |
|
|
|
|
Name : |
Mr. Vijay Soni |
|
Designation : |
Director |
|
Address : |
19/2 Manoramaganj, |
|
Date of Birth/Age : |
07.09.1958 |
|
Date of Appointment : |
05.02.2003 |
|
Din No.: |
00309610 |
|
|
|
|
Name : |
Mr. Sharang Soni |
|
Designation : |
Director |
|
Address : |
19/2 Manoramaganj, |
|
Date of Birth/Age : |
18.06.1979 |
|
Date of Appointment : |
06.02.2001 |
|
Din No.: |
01409015 |
|
|
|
|
Name : |
Mr. Sunil Anand |
|
Designation : |
Director |
|
Address : |
19/2 Manoramaganj, |
|
Date of Birth/Age : |
28.06.1958 |
|
Date of Appointment : |
29.04.1998 |
|
Din No.: |
01423974 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2009
(AS ON )
|
Names of Shareholders |
|
No. of Shares |
|
Jaishree Soni |
|
50000 |
|
Rakesh Soni |
|
90000 |
|
Poonam Soni |
|
270000 |
|
Sharang Soni |
|
270000 |
|
Pooja Soni |
|
270000 |
|
Rajiv Lochan Soni |
|
90000 |
|
Shabnam Soni |
|
270000 |
|
Sanam Soni |
|
270000 |
|
Sajan Soni |
|
270000 |
|
Vijay Soni |
|
90000 |
|
Anu Soni |
|
270000 |
|
Namit Soni |
|
270000 |
|
Ujjawal Soni |
|
270000 |
|
Total |
|
2750000 |
As on 30.09.2009
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and sale of steel coils/pipe/sheets |
||||||||
|
|
|
||||||||
|
Product: |
|
PRODUCTION STATUS As on 31.03.2009
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Steel and related items processing (cutting sizing, Banking) and
industrial fuels |
MT |
50000 |
50000 |
|
GENERAL INFORMATION
|
|
|
||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
State Bank of |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
Rs.
In Millions
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mahesh Khandelwal |
|
Address : |
105, Dwarika Apartment, |
|
|
91-731-2432339 |
|
Pan No.: |
ACWPK7068A |
|
|
|
|
Associates: |
·
Metalman Industries limited ·
Soni Ispat Limited |
CAPITAL STRUCTURE
As on 30.09.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Share |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2750000 |
Equity Share |
Rs.10/- each |
Rs.27.500 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
27.500 |
27.500 |
27.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
236.497 |
231.198 |
159.558 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
263.997 |
258.698 |
187.058 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
162.528 |
146.455 |
141.348 |
|
|
2] Unsecured Loans |
0.000 |
30.000 |
30.000 |
|
|
TOTAL BORROWING |
162.528 |
176.455 |
171.348 |
|
|
DEFERRED TAX LIABILITIES |
4.040 |
3.807 |
3.489 |
|
|
|
|
|
|
|
|
TOTAL |
430.565 |
438.960 |
361.895 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
49.299 |
53.111 |
54.471 |
|
|
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 |
190.704
|
311.772 |
343.770 |
|
|
Sundry Debtors |
200.835
|
174.466 |
93.876 |
|
|
Cash & Bank Balances |
49.098
|
38.578 |
34.956 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
93.237
|
90.145 |
22.205 |
|
Total
Current Assets |
533.874
|
614.961 |
494.807 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
|
|
|
Other Current Liabilities |
124.743
|
199.462 |
177.229 |
|
|
Provisions |
27.865
|
29.650 |
10.154 |
|
Total
Current Liabilities |
152.608
|
229.112 |
187.383 |
|
|
Net Current Assets |
381.266
|
385.849 |
307.424 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
430.565 |
438.960 |
361.895 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1937.568 |
1775.519 |
1447.134 |
|
|
|
Other Income |
0.989 |
2.193 |
0.497 |
|
|
|
TOTAL (A) |
1938.557 |
1777.712 |
1447.631 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Raw Material |
1709.295 |
1406.317 |
1259.952 |
|
|
|
Manufacturing Expenses |
50.563 |
48.323 |
37.129 |
|
|
|
Employee cost |
8.723 |
8.259 |
5.602 |
|
|
|
Administrative and selling expenses
|
121.307 |
107.946 |
90.062 |
|
|
|
Increase/Decrease in stock |
(44.872) |
69.467 |
(65.412) |
|
|
|
TOTAL (B) |
1845.016 |
1640.312 |
1327.333 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
93.541 |
137.400 |
120.298 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
54.766 |
30.707 |
24.885 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
37.775 |
106.693 |
95.413 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.210 |
4.960 |
4.151 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
33.565 |
101.733 |
91.262 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.767 |
2.594 |
4.370 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
32.798 |
99.139 |
86.892 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
151.198 |
119.559 |
80.916 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
40.000 |
40.000 |
|
|
|
Dividend |
27.500 |
27.500 |
8.250 |
|
|
BALANCE CARRIED
TO THE B/S |
156.496 |
151.198 |
119.558 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
1192.200 |
1263.600 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
1318.000 |
1106.200 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.93 |
- |
- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
1.69
|
5.58 |
6.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.73
|
5.72 |
6.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.83
|
15.23 |
16.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.39 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.19
|
1.57 |
1.92 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.50
|
2.68 |
2.64 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
No |
|
Name
of Person Contacted |
No |
|
Designation
of contact person |
No |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
Yes |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
No |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
No |
|
Major
Shareholders, if applicable |
Yes |
OPERATION
During the period, despite of the recessionary conditions prevailing globally, the company has been able to register a moderate growth in turnover, though the profitability has surely been impacted adversely during this year due to steep fluctuations in prices of steel products. However, the situation has normalized and the Company expects to achieve the projected sales levels comfortably.
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U51900MH1997PLC111832 |
|
Name of the company |
AMULYA EXPORTS LIMITED |
|
Address of the registered office or of the principal place of business in |
501 Gokul Building E-mail : amulyaexports@gmail.com
|
|
This form is for |
Creation of charge |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of charge holder |
Madhya Pradesh Financial Corporation, Finance House, E-mail : inance@mpfc.org |
|
Nature of instrument creating charge |
1Agreement to create mortgage and loan document dated 23.02.2010. 2. General deed of hypothecation dated 23.02.2010 3. Trust receipt dated 23.02.2010 |
|
Date of instrument Creating the charge |
23.02.2010 |
|
Amount secured by the charge |
Rs.22.500 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of
Interest: 14% P.A. with 1%
rebate on timely payment. Terms of repayment 20 quarterly installments of Rs. 1.125 Millions each commencing from 1st sep.2010 to 1st june 2015. Margin: NIL Extent and
Operation of the charge land and building along with plant and machinery situated at Plot No.
C -Type ,9,10,15 and 16,Sez, Sector iii Pithampur Dhar (Madhya Pradesh) |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
By way of english/equitable mortagage of land and building, plant and
machinery, furniture & fixtures (existing & future) of the company. land (leasehold) admeasuring 8000 sq. mtrs. situated at Plot No. C
-Type ,9,10,15 and 16,Sez, Sector iii Pithampur Dhar (Madhya Pradesh) Post dated cheques. |
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.55.42 |
|
|
1 |
Rs.86.04 |
|
Euro |
1 |
Rs.68.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
3 |
|
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 |
|
27 |
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.