MIRA
INFORM REPORT
|
Report Date : |
31.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
TRIPLE THREE INDIA ENERGY SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-5/752 Netaji Subhash Place, Pitampura, New Delhi 110034 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.09.2010 |
|
|
|
|
Com. Reg. No.: |
208475 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 0.500 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DL2010PTC208475 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELT09150B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCT5933D |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Trader, Exporter and Importer of waste water industrial products |
|
|
|
|
No. of Employees
: |
20 (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 3000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company having moderate track. The company
has achieved average sales turnover in its first year of operation.
Profitability appears to be low. However, trade relations are reported as improving. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Shyam |
|
Designation : |
Director |
|
Contact No.: |
91-9899633093 |
|
Date : |
26.07.2012 |
LOCATIONS
|
Registered Office : |
E-5/752 Netaji Subhash Place, Pitampura, New Delhi 110034, India |
|
Tel. No.: |
91-11-46300355 |
|
Mobile No.: |
91-9899633093 (Mr. Shyam) |
|
Fax No.: |
91-11-46300331 |
|
E-Mail : |
|
|
Area : |
1500 sq. ft |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Sunil Kumar |
|
Designation : |
Additional Director |
|
Address : |
D-1/114, Janakpuri, New Delhi-110064, India |
|
Date of Birth/Age : |
06.09.1973 |
|
Date of Appointment : |
24.09.2010 |
|
DIN No.: |
03268659 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74999DL2010PTC208475 |
TRIPLE
THREE INDIA ENERGY SOLUTIONS PRIVATE LIMITED |
Additional
director |
24/09/2010 |
24/09/2010 |
Active |
NO |
|
2 |
U72900DL2010PTC209726 |
WOG
TECHNOLOGIES PRIVATE LIMITED |
Director |
22/10/2010 |
22/10/2010 |
Active |
NO |
|
Name : |
Mrs. Amrita Dharampal |
|
Designation : |
Director |
|
Address : |
RZ-52, Flat –G, 3rd Floor, Mohan Nagar, New Delhi-110058,
India |
|
Date of Birth/Age : |
14.02.1977 |
|
Date of Appointment : |
20.09.2010 |
|
DIN No.: |
03181735 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74999DL2010PTC208475 |
TRIPLE
THREE INDIA ENERGY SOLUTIONS PRIVATE LIMITED |
Director |
20/09/2010 |
20/09/2010 |
Active |
NO |
|
2 |
U72900DL2010PTC209726 |
WOG
TECHNOLOGIES PRIVATE LIMITED |
Director |
22/10/2010 |
22/10/2010 |
Active |
NO |
|
Name : |
Mr. Shyam Singh |
|
Designation : |
Director |
|
Address : |
WZ-220, Naraina Village, New Delhi-110028, India |
|
Date of Birth/Age : |
28.01.1974 |
|
Date of Appointment : |
20.09.2010 |
|
DIN No.: |
03166768 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares Class – 1 |
No. of Shares Class – 2 |
No. of Shares Class – 3 |
|
Shyam Singh |
-- |
2450 |
500 |
|
Sunil Kumar |
40000 |
-- |
4000 |
|
Amrita Dharmpal |
-- |
2550 |
500 |
|
TOTAL
|
40000 |
5000 |
5000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of waste water industrial products |
|
|
|
|
Products : |
· CST Industrial Tanks · Fine Bubble Air Diffusers · Chemicals · Chemical Dosing Systems · Zinc Stearne · Chlorinator System · Zinc Complex · Self Cleaning Filter · Hydroxide Pumping Solution · Bag and Micron Cartridge Filter · Pumping Solutions · Carbon Filter · Gasification Plants · Membrane Pressure Housing · Burner Systems · Membrane · Online COD Analyzers · Nozzle · Activated Carbon / Anthracite · Control Valves · UV Disinfection System · Resin · Mixers / Agitators |
|
|
|
|
Exports : |
|
|
Countries : |
·
USA ·
China ·
Singapore ·
Thailand |
|
|
|
|
Imports : |
|
|
Countries : |
·
USA ·
Singapore |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Credit (30 Days / 60 Days) |
|
|
|
|
Purchasing : |
L/C, Cash, Credit (30 Days / 60 Days) |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
Retailers ·
End Users |
|
|
|
|
No. of Employees : |
20 (Approximately) |
|
|
|
|
Bankers : |
·
DBS Bank, New Delhi, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Subodh Kumar and Company Chartered Accountant |
|
Address : |
A-41, Inder Puri, New Delhi-110012, India |
|
Tel. No.: |
91-11-25835651 |
|
PAN No.: |
AAIPK1114F |
|
|
|
|
Other Related Parties : |
Wog Technologies Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000 |
Class 1- Equity Shares |
Rs.10/- each |
Rs. 0.400 Million |
|
5000 |
Class 2- Equity Shares |
Rs.10/- each |
Rs. 0.050 Million |
|
5000 |
Class 3- Equity Shares |
Rs.10/- each |
Rs. 0.050 Million |
|
|
TOTAL |
|
Rs. 0.500
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000 |
Class 1- Equity Shares |
Rs.10/- each |
Rs. 0.400 Million |
|
5000 |
Class 2- Equity Shares |
Rs.10/- each |
Rs. 0.050 Million |
|
5000 |
Class 3- Equity Shares |
Rs.10/- each |
Rs. 0.050 Million |
|
|
TOTAL |
|
Rs. 0.500
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.403 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.903 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.010 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.913 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.867 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
2.271 |
|
|
Cash & Bank Balances |
|
|
0.297 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
8.542 |
|
Total
Current Assets |
|
|
11.110 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
10.077 |
|
|
Other Current Liabilities |
|
|
1.816 |
|
|
Provisions |
|
|
0.171 |
|
Total
Current Liabilities |
|
|
12.064 |
|
|
Net Current Assets |
|
|
(0.954) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.913 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
24.880 |
|
|
|
Other Income |
|
|
0.062 |
|
|
|
TOTAL |
|
|
24.942 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
|
24.247 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
0.695 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
|
0.111 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
0.584 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.181 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
|
0.403 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
|
24.422 |
|
|
TOTAL EARNINGS |
|
|
24.422 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
1.428 |
|
|
|
Services |
|
|
8.170 |
|
|
TOTAL IMPORTS |
|
|
9.598 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) Class -1 Class
- 3 |
|
|
14.83 33.94 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
45.000 |
|
|
|
|
|
Expected Sales (2012-2013) : Rs. 60.000 Millions
The above information has been parted by Mr.Shyam.
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
PAT / Total Income |
(%) |
|
|
1.62 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
2.35 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
4.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.65 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
13.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
0.92 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 one
years |
Yes |
|
12] |
Profitability for one
years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
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 involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
|
31] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
32] |
Passport No of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
NOTE
Registered office has been shifted from 2 LGS 4/24, Ashokdeep Building,
East Patel Nagar, New Delhi-110008, India to the present address
w.e.f.01.06.2011.
FIXED ASSETS
·
Air Conditioner
·
Computers and Printers
·
Furniture and Fixtures
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. 55.44 |
|
|
1 |
Rs. 87.12 |
|
Euro |
1 |
Rs. 68.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.