|
Report Date : |
19.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHIVAM MINERAL SUPPLIERS |
|
|
|
|
Registered
Office : |
U-158, 1st Floor, Vats Complex, Vikas Marg, Shakarpur, New
Delhi-11092 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Year of
Establishment : |
2007 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.360 Millions (AS ON 31.03.2011) |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELR-16595-F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AEUPA-2284-G |
|
|
|
|
Tin No.: |
07400324329 [ 06961827683 [Haryana] 09565710804 [Uttar Pradesh] 08800855604 [Rajasthan] 05010292307 [Uttrakhand] |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Trader and Supplier of All Types of Aggregate/Grit, Dust, Sand, GSB, WMM,
and Other Allied Products. |
|
|
|
|
No. of Employees
: |
17 [Approximately] [In Office
and Site Staff] |
RATING & COMMENTS
|
MIRA’s Rating : |
A (59) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
||
|
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 |
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietory concern having fine track.
Financial position of the concern is good. The concern is doing well. Trade relations
are reported as fair. Business is active. Payments are reported to be regular
and as per commitments. The concern can be considered good 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered / Head / Branch Office 1 : |
U-158, 1st Floor, Vats Complex, Vikas Marg, Shakarpur, New
Delhi-11092, |
|
Tel. No.: |
91-11-22466885/22466887 |
|
Mobile No.: |
91-9811588260/9868818260 [Mr. Ram Bilash Aggarwal] |
|
Fax No.: |
91-11-22446885 |
|
E-Mail : |
|
|
|
|
|
Branch Office 2 : |
Rajasthan Branch Shop No. 2, Ground Floor, Mehar Chand Market, Santhalka,
Bhiwadi, Alwar-301019, Rajasthan, India |
|
|
|
|
Branch Office 3 : |
Uttarakhand
Branch Basement, Aggarwal Resort, |
|
|
|
|
Branch Office 4 : |
Haryana Branch 1. Tosham Branch 5th Mile Stone, 2. Gurgaon
Branch 24, Sector-40, Gurgaon, |
|
|
|
|
Branch Office 5 : |
Uttar Pradesh
Branch Harolla, Sector-5, Noida, |
SOLE PROPRIETOR
|
Name : |
Mr. Ram Bilash Aggarwal |
|
Designation : |
Proprietor |
KEY EXECUTIVES
|
Name : |
Mr. Narender Goyal |
|
Designation : |
Purchase Department |
|
|
|
|
Name : |
Mr. Rajesh Aggarwal |
|
Designation : |
Administration Department |
|
|
|
|
Name : |
CA. Kailash Aggarwal |
|
Designation : |
Consultants |
BUSINESS DETAILS
|
Line of Business : |
Trader and Supplier of All Types of Aggregate/Grit, Dust, Sand, GSB,
WMM, and Other Allied Products. |
|
|
|
|
Products : |
·
Aggregate
of 10 MM ·
Aggregate
of 20 MM ·
Aggregate
of 40 MM ·
Dust ·
GSB ·
Sand ·
Bricks ·
Grit ·
Filling
Sand |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque / Credit |
|
|
|
|
Purchasing : |
Cheque / Cash and Credit |
GENERAL INFORMATION
|
Customers : |
·
Adharshilla
Contractor Private Limited ·
AFCON
Infrastructure Limited ·
Ahlcon
Ready Mix Concrete Private Limited ·
Badarpur
Faridabad Tollway Limited C/o HCC Limited ·
B.G.
Shirke Construction Tech Private Limited ·
Centrodorstroy
India Private Limited ·
Continental
Engineering Corporation ·
Dinesh
Chandra R. Agrawal Infracon Private Limited ·
DSC
Construction Limited ·
Era
Group ·
GMR
Project Private Limited ·
Hindustan
Construction Company Limited ·
Jaiprakash
Associates Limited ·
Larsen
and Turbo Limited ·
Metro
Tunneling Group A Consortium of L and T, Simzu, Samsung, Ircon etc.) ·
MBL
Infrastructures Limited ·
Navnirman
Highway Project Private Limited ·
Persys
Sdn Bhd ·
Pratibha
Industries Limited ·
Ramky
Infrastructure Limited ·
Rubicon
Inspection Systems Private Limited ·
Sadbhav
Engineering Limited ·
Saraogi
Builders Limited ·
Shapoorji
Pallonji and Co. Limited ·
Shirdicons
Infrastructures ·
Simplex
Infrastructures Limited ·
Starcon
Infra Projects Private Limited ·
Tamta
Construction Co. Private Limited ·
Unity
Infraproject Limited ·
IDEB ·
ITD ·
Parsavanath
Developers Limited ·
Punj
Lloyd Limited ·
Valecha
Engineering Limited ·
Hemkunt
Infra Tech Private Limited ·
Others
[mainly engaged in Construction, Road Work, Other Infra Project mostly
awarded by Some Government Body] |
|
|
|
|
No. of Employees : |
17 [Approximately] [In Office
and Site Staff] |
|
|
|
|
Bankers : |
Bank of |
|
|
|
|
Facilities : |
Letter of Credit Discounting Rs.35.000 Millions TOD Rs.4.000 Millions |
|
|
|
|
Banking
Relations : |
Good |
|
|
|
|
Auditors : |
|
|
Name : |
M.K. Goyal and Company Chartered Accountants |
|
Address : |
302, |
|
|
|
|
Associate Concern : |
· Metro Stone Crusher Private Limited · Shivam Grit Private Limited ·
· Jai Padama Shree Tradex Private Limited · Poddar Construction · Shivam Stone Crusher Private Limited |
CAPITAL STRUCTURE
|
Particulars |
Rs.
In Millions 31.03.2011 |
|
Opening Stock |
3.244 |
|
Add: Capital Information |
0.200 |
|
Add: Net Profit |
1.472 |
|
|
4.916 |
|
Less: Donation |
0.10 |
|
Less: Medical Claim Paid |
0.008 |
|
Less: LIC Paid |
0.011 |
|
Less: I. Tax 31.03.2010 |
0.167 |
|
Less: Drawing |
0.360 |
|
|
4.360 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2012 |
|
Gross Turnover [Approximately] |
|
|
290.000 |
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor Capital |
|
|
4.360 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
4.360 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.706 |
|
|
2] Unsecured Loans |
|
|
37.676 |
|
|
TOTAL BORROWING |
|
|
38.382 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
42.741 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.246 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
64.558 |
|
|
Cash & Bank Balances |
|
|
0.736 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
1.858 |
|
Total
Current Assets |
|
|
67.152 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
23.397 |
|
|
Other Current Liabilities |
|
|
2.260 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
25.657 |
|
|
Net Current Assets |
|
|
41.495 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
42.741 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
288.490 |
|
|
|
Other Income |
|
|
0.001 |
|
|
|
TOTAL |
|
|
288.491 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
2.192 |
|
|
|
Purchases |
|
|
139.227 |
|
|
|
Short and Excess Rabate and Discount |
|
|
1.007 |
|
|
|
Salary Paid |
|
|
2.514 |
|
|
|
Other Expenses |
|
|
136.468 |
|
|
|
TOTAL |
|
|
281.408 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
7.083 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
5.304 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
1.779 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.307 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT FOR
THE YEAR |
|
|
1.472 |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
PAT / Total Income |
(%) |
|
|
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
14.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
2.62 |
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 |
Yes |
|
12) Profitability for last three years |
No |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of Associate concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
Yes |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
N/A |
|
21) Market information |
Good |
|
22) Litigations that the firm / promoter involved in |
NIL |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
Good |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
N/A |
|
29) Last accounts filed at ROC |
N/A |
|
30) Major Shareholders, if available |
N/A |
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.55.34 |
|
|
1 |
Rs.86.55 |
|
Euro |
1 |
Rs.67.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
59 |
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.