MIRA
INFORM REPORT
|
Report Date : |
07.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
LIBRATHERM INSTRUMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
402, Diamond Industrial Estate, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
10.02.2006 |
|
|
|
|
Com. Reg. No.: |
11-159638 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.603 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909MH2006PTC159638 |
|
|
|
|
IEC No.: |
0307010465 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUML06287B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCL1732A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Trader of Electronic Equipments. |
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|
|
|
No. of Employees
: |
65 (Approximately) |
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 3600 |
|
|
|
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses being recorded by the company. However, trade relations
are reported as fair. Business is active. Payments are reported to be slow. 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) |
|
|
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 : |
Ms. Khushboo |
|
Designation : |
Technical Assistant of Director
|
|
Contact No.: |
91-22-42555349 |
|
Date : |
26.06.2012 |
LOCATIONS
|
Registered Office / Factory : |
402, Diamond Industrial Estate, Ketki Pada Road, Dahisar (East), Mumbai
– 400 068, Maharashtra, India |
|
Tel. No.: |
91-22-28964769 / 28963823 / 42555333 / 28960569 |
|
Mobile No.: |
91-9821136685 (Mr. Kamlesh Maganlal Panchal) |
|
Fax No.: |
91-22-28960569 |
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E-Mail : |
|
|
Website : |
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|
Area : |
1000 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Kamlesh Maganlal Panchal |
|
Designation : |
Director |
|
Address : |
D/2, Shreenath Nagar, |
|
Date of Birth/Age : |
30.08.1961 |
|
Qualification : |
Physics Electronics |
|
Date of Appointment : |
10.02.2006 |
|
DIN No.: |
00366091 |
|
|
|
|
Name : |
Mrs. Parul Kamlesh Panchal |
|
Designation : |
Director |
|
Address : |
D/2, Shreenath Nagar, |
|
Date of Birth/Age : |
17.10.1963 |
|
Qualification : |
M. Sc., Physics Electronics |
|
Date of Appointment : |
10.02.2006 |
|
DIN No.: |
01604428 |
KEY EXECUTIVES
|
Name : |
Ms. Khushboo |
|
Designation : |
Technical Assistant of Director
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Kamlesh Maganlal Panchal |
|
20000 |
|
Parul Kamlesh Panchal |
|
15000 |
|
Maganlal Prabhudas Mistry |
|
100 |
|
Nirmala Maganlal Panchal |
|
100 |
|
Kamlesh Maganlal Panchal (HUF) |
|
10100 |
|
Ramaniklal Lakhamshi Dedhia |
|
12600 |
|
Kirti Jayantilal Panchal |
|
100 |
|
Nilesh Himatlal Kanadia |
|
100 |
|
Deepak Vrajlal Kanakia |
|
100 |
|
Tapan Jayant Thanawala |
|
100 |
|
Rajesh Bholanath Yadav |
|
100 |
|
Ashok Dattareya Yende |
|
100 |
|
Anand Mahadeo Kamble |
|
100 |
|
Rajesh Rampadarth Gaud |
|
100 |
|
Rajendra Tukaram Desai |
|
100 |
|
Dhanjajay Vasant Goankar |
|
100 |
|
Pandurang Adinath Ekavade |
|
100 |
|
Jayant Thanawala |
|
100 |
|
Anjali Jayant Thanawala |
|
100 |
|
S M Shah |
|
1100 |
|
Total |
|
60300 |
|
Names of Shareholders (Preference
Shares) |
|
No. of Shares |
|
Kamlesh Maganlal Panchal |
|
50000 |
|
Parul Kamlesh Panchal |
|
50000 |
|
Total |
|
100000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Electronic Equipments. |
|
|
|
|
Products : |
·
Temperature Indicator Controller (Digital) ·
Temperature Indicator Controller (Digital
Linearized) ·
Process Indicator Controller (Digital) ·
Temperature / Process Indicator Controller
(Microcontroller based) ·
Bar Graph Indicator Controller (Microcontroller
based) ·
Temperature Indicator Controller (Series 900) ·
Temperature Scanners (Digital and Microprocessor
based) ·
Data Loggers (Microprocessor based) ·
Data Acquisition System - Software ·
PID Controllers -Single and Two Loops
(Microcontroller based) ·
PID Controllers – Multi-loop ( 1 to 8 Loops –
Microprocessor based) ·
Programmable Ramp / Soak PID Controllers (1
to 10 patterns each of 16 steps – Microprocessor based) ·
Programmable Ramp/Soak PID Controllers (Multi loop
for Multi-zone control – Microprocessor based) ·
Humidity and Temperature Controllers, Loggers,
Transmitter ·
Process Transmitter (Universal Input) ·
Temperature Transmitters ·
Signal Isolator – Converter ·
Molten Metal Temperature Indicator
(Microcontroller based) ·
SCR firing cards and Thyristor Power Controller
(Phase Angle and Burst Firing) ·
DC Motor Controller (Thyristor based) ·
Instrumentation Control Panels ·
Timer – Counter – Stop Watch (Microcontroller
based) · Turnkey Projects for Electrical Heating Systems. |
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Exports : |
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Products : |
Electronic Equipment |
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Countries : |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
65 (Approximately) |
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Bankers : |
·
Bank of Maharashtra, Dahisar West Branch, Dahisar
(West), Mumbai – 400 068, ·
HDFC Bank |
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Facilities : |
(Rs.
In Millions)
|
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|
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
Gada and Haria Chartered Accountants |
|
Address : |
2nd Floor, |
|
Tel. No.: |
91-22-40794141 |
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Fax No.: |
91-22-40794141 |
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E-Mail : |
|
|
|
|
|
Name : |
Jagdish Bansal Chartered Accountants |
|
Address : |
1214, Navjivan Commercial Building, Lamington Road, Mumbai – 400008, Maharashtra, India |
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PAN.: |
AACPB3057G |
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 |
|
250000 |
Preference Shares |
Rs.10/- each |
Rs.2.500 millions |
|
|
Total |
|
Rs.5.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60300 |
Equity Shares |
Rs.10/- each |
Rs.0.603
million |
|
100000 |
Preference Shares |
Rs.10/- each |
Rs.1.000
million |
|
|
Total |
|
Rs.1.603 millions |
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 |
1.603 |
1.603 |
1.603 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(0.700) |
(0.960) |
(0.990) |
|
|
NETWORTH |
0.903 |
0.643 |
0.613 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5.332 |
2.571 |
0.000 |
|
|
2] Unsecured Loans |
0.560 |
0.550 |
0.754 |
|
|
TOTAL BORROWING |
5.892 |
3.121 |
0.754 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.004 |
|
|
|
|
|
|
|
|
TOTAL |
6.795 |
3.764 |
1.371 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.420 |
0.855 |
0.763 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.173 |
0.332 |
0.332 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
5.989
|
4.299 |
3.573
|
|
|
Sundry Debtors |
4.708
|
2.164 |
1.276
|
|
|
Cash & Bank Balances |
0.338
|
0.477 |
(0.121)
|
|
|
Other Current Assets |
0.741
|
0.664 |
0.173
|
|
|
Loans & Advances |
0.000
|
0.000 |
0.000
|
|
Total
Current Assets |
11.776
|
7.604 |
4.901
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3.403
|
1.903 |
2.308
|
|
|
Other Current Liabilities |
3.171
|
3.148 |
2.367
|
|
|
Provisions |
0.000
|
0.000 |
0.000
|
|
Total
Current Liabilities |
6.574
|
5.051 |
4.675 |
|
|
Net Current Assets |
5.202
|
2.553 |
0.226 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.024 |
0.050 |
|
|
|
|
|
|
|
|
TOTAL |
6.795 |
3.764 |
1.371 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
NA |
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSSS)
BEFORE TAX |
0.261 |
(0.030) |
(0.744) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.092 |
(0.027) |
(0.468) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
0.169 |
(0.003) |
(0.276) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.05 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.98
|
(0.35) |
(13.14) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
(0.05) |
(1.21) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
13.81
|
12.71 |
8.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.79
|
1.51 |
1.05 |
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 |
Yes |
|
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 |
No |
|
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 |
Yes |
|
20) Export / Import details (if applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
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 |
Accounts
The working of the company has resulted in a
profit Rs.0.261 Million (Previous year Loss Rs.0.030 Million) after providing
the provision for taxation Rs.0.169 Million (Previous year Loss Rs.0.003
Million)
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U31909MH2006PTC159638 |
|
Name of the
company |
LIBRATHERM INSTRUMENTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
402, Diamond Industrial Estate, Ketki Pada Road, Dahisar (East),
Mumbai – 400 068, Maharashtra, India |
|
This form is for |
Modification
of charge |
|
Charge identification
(ID) number of the charge to be modified |
10159557 |
|
Type of charge |
· Immovable property · Book debts · Movable property (not being pledge) · Good Will · Patent, License under a patent · Trademark · Copyright or license under a copyright · Others (stock and consumerable stores and spares) |
|
Particular of
charge holder |
Bank of Maharashtra, Dahisar West Branch, Dahisar (West), Mumbai – 400
068, Maharashtra, India |
|
Nature of
instrument creating charge |
Composite deed of
hypothecation for all facilities |
|
Date of
instrument Creating the charge |
20.01.2011 |
|
Amount secured by
the charge |
Rs. 6.000
millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest Base rate + 3%
i.e.presently @12% p.a. with monthly rest. Terms of repayment One year Margin 25% in banks
figure Extent and operation of the charge India |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
books debts and stock and equitable mortagage of industrial gala premises
situated at 403 Diamond Industrial Premises Co-Operative Society Limited.,
Kathipada Road, Dahisar (East) Fixed assets and
personal guarantee by Kamlesh M. Panchal, Parul K. Panchal, and Kamlesh M.
Panchal (HUF). |
|
Date of
instrument modifying the charge |
22.05.2009 |
|
Particulars of the
present modification |
Credit
facility has been increased from Rs.
4.000 Millions to Rs 6.000 Millions |
FIXED ASSETS:-
·
Machinery
·
Computer system
·
Furniture and Fitting
·
Office and other
Equipments
·
Moving 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.55.42 |
|
|
1 |
Rs.86.04 |
|
Euro |
1 |
Rs.68.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
2 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.