|
Report Date : |
05.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
EQUIPMENT ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
131, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
24.08.1995 |
|
|
|
|
Com. Reg. No.: |
21-073652 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29130WN1995PTC073652 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALE01199C |
|
|
|
|
Legal Form : |
Private Limited Liability
Company |
|
|
|
|
Line of Business
: |
Manufacturer of Material Handling Equipments. |
|
|
|
|
No. of Employees
: |
40 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 26000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track.
Profitability is low. However, network appears to be sound. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered normal 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 |
INFORMATION PARTED BY
|
Name : |
Mr. Atish Kumar Roy |
|
Designation : |
Director |
|
Contact No.: |
91-9830033324 |
|
Date : |
21.05.2012 |
LOCATIONS
|
Registered / Branch Office : |
131, Jodhpur Park, Kolkata-700068, West Bengal, India |
|
Tel. No.: |
91-33-24187866/24187869 |
|
Mobile No.: |
91-9830033324 [Mr. Atish Kumar Roy] |
|
Fax No.: |
91-33-24187869 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Atish Kumar Roy |
|
Designation : |
Managing Director |
|
Address : |
35/1, Milan Park, Kolkata-700084, West Bengal, India |
|
Date of Birth/Age : |
08.09.1949 |
|
Date of Appointment : |
24.08.1995 |
|
Din No.: |
01121359 |
|
|
|
|
Name : |
Mrs. Swapna Roy |
|
Designation : |
Whole Time Director |
|
Address : |
35/1, Milan Park, Kolkata-700084, West Bengal, India |
|
Date of Birth/Age : |
27.11.1951 |
|
Date of Appointment : |
24.08.1995 |
|
Din No.: |
01120222 |
|
|
|
|
Name : |
Chandrama Roy |
|
Designation : |
Director |
|
Address : |
35/1, Milan Park, Kolkata-700084, West Bengal, India |
|
Date of Birth/Age : |
11.04.1983 |
|
Date of Appointment : |
01.12.2000 |
|
Din No.: |
01121041 |
|
|
|
|
Name : |
Arunava Roy |
|
Designation : |
Director |
|
Address : |
35/1, Milan Park, Kolkata-700084, West Bengal, India |
|
Date of Birth/Age : |
02.02.1978 |
|
Date of Appointment : |
01.12.2000 |
|
Din No.: |
01120860 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Atish Kumar Roy |
|
22000 |
|
Swapna Roy |
|
1000 |
|
Chandrama Roy |
|
1000 |
|
Arunava Roy |
|
1000 |
|
|
|
|
|
Total |
|
25000 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Material Handling Equipments. |
|
|
|
|
Exports : |
|
|
Products : |
Material Handling Equipments |
|
Countries : |
·
Middle East |
|
|
|
|
Terms : |
|
|
Selling : |
L/C / Cash and Credit [30 and 60 days] |
|
|
|
|
Purchasing : |
Cash and Credit [30 and 60 days] |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
40 [Approximately] |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
State Bank of India, SME CCC, Kolkata, 4th Floor, 1, Strand
Road, Kolkata-700001, West Bengal, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. Chowdhury and Company Chartered Accountants |
|
Address : |
114B/1, Selimpur Road, Kolkata-700031, West Bengal, India |
|
Pan No.: |
ACSPC0436G |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000 |
Equity Shares |
Rs.100/- each |
Rs.2.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000 |
Equity Shares |
Rs.100/- each |
Rs.2.500 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 |
2.500 |
2.500 |
2.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
4.182 |
2.977 |
1.848 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
6.682 |
5.477 |
4.348 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.022 |
2.986 |
3.170 |
|
|
2] Unsecured Loans |
1.917 |
1.478 |
2.298 |
|
|
TOTAL BORROWING |
4.939 |
4.464 |
5.468 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
11.621 |
9.941 |
9.816 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.847 |
2.111 |
1.398 |
|
|
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 |
2.394
|
4.195 |
7.449 |
|
|
Sundry Debtors |
35.075
|
10.974 |
3.306 |
|
|
Cash & Bank Balances |
2.652
|
1.820 |
0.918 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
2.595
|
1.942 |
1.680 |
|
Total
Current Assets |
42.716
|
18.931 |
13.353 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
19.820
|
8.502 |
2.670 |
|
|
Other Current Liabilities |
11.171
|
1.236 |
1.395 |
|
|
Provisions |
1.951
|
1.363 |
0.870 |
|
Total
Current Liabilities |
32.942
|
11.101 |
4.935 |
|
|
Net Current Assets |
9.774
|
7.830 |
8.418 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
11.621 |
9.941 |
9.816 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
36.512 |
41.918 |
17.543 |
|
|
|
Other Income |
4.206 |
1.483 |
0.384 |
|
|
|
Insurance Freight Charges |
0.608 |
0.063 |
0.080 |
|
|
|
TOTAL |
41.326 |
43.464 |
18.007 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Materials Consumed |
24.757 |
23.135 |
14.499 |
|
|
|
Manufacturing Expenses |
7.222 |
9.593 |
3.873 |
|
|
|
Selling, Administrative and General Expenses |
5.674 |
6.377 |
4.410 |
|
|
|
Increase/ Decrease in Finished Goods |
1.565 |
2.387 |
(5.567) |
|
|
|
TOTAL |
39.218 |
41.492 |
17.215 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.108 |
1.972 |
0.792 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.316 |
0.300 |
0.247 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
1.792 |
1.672 |
0.545 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.588 |
0.517 |
0.223 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
1.204 |
1.155 |
0.322 |
|
|
|
|
|
|
|
|
|
Less |
SALES TAX FOR
EARLIER YEARS |
0.000 |
0.026 |
0.009 |
|
|
Add |
PROVISION FOR
SERVICE TAX NO LONGER REQUIRED |
0.000 |
0.000 |
0.053 |
|
|
Less |
PROFESSION TAX
FOR EARLIER YEARS |
0.000 |
0.000 |
0.002 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.878 |
1.749 |
1.385 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
4.082 |
2.878 |
1.749 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
48.16 |
46.20 |
12.87 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover [Approximately] |
|
|
40.000 |
Expected Sales (2012-13) : Rs.60.000 Millions.
The above information has been parted by Mr. Atish Kumar Roy.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.91
|
2.65 |
1.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.91
|
3.99 |
3.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.02
|
7.95 |
4.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.31 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.67
|
2.84 |
2.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30
|
1.71 |
2.70 |
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 |
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 |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
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 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 |
NOTE:
The registered office of the company has been shifted from 428, Lake Gardens, Kolkata-700035, West Bengal, India to the present address w.e.f. 01.10.2007.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate identity
number of the company |
U29130WB1995PTC073652 |
|
Name of the
company |
EQUIPMENT
ENGINEERS PVT LTD |
|
Address of the
registered office or of the principal place of business in |
131, Jodhpur Park, Kolkata-700068, West Bengal, India |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Others |
|
Particular of
charge holder |
State Bank of India, SME CCC, Kolkata, 4th Floor, 1, Strand
Road, Kolkata-700001, West Bengal, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Agreement of
loan-cum-hypothecation |
|
Date of instrument
Creating the charge |
20.01.2009 |
|
Amount secured by
the charge |
Rs.8.000 Millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest The Bank reserves
the right to charge interest, commission, discount, cost and charges at such
rates(s) as may be determined by the Bank from time to time according to
Banking Norms and RBI Guidelines, the present rate of interest :- For Cash Credit:
14.00% p.a. with monthly rests. Terms of Repayment
Working Capital
facilities is repayable on Demand. Margin As stipulated by
the Bank for the respective assets from time to time. 25% of Raw
Materials (Imported/Indigenous), 25% of
Semi-finished Goods, 25% of Finished
Goods, 25% of Components/Consumables/Spares, 40% of Domestic
Receivables and 25% of Bank
Guarantees (Cash Margin). Extent and
Operation of the charge The charge
operates as first charge basis on the whole of the hypothecated current
assets, both present and future to secure the maximum amount under the said
charge fixed at Rs. 8.000 Millions together with interest, costs and charges
thereon. Others The Borrower
shall not do or allow anything which may prejudice the security and shall
comply with the terms and conditions of the Agreements. The overall limit
of Rs. 8.000 Millions consists of Cash Credit Limit of Rs. 3.000 Millions and
Bank Guarantee Limit of Rs. 5.000 Millions. |
|
Short particulars
of the property charged |
Hypothecation of
Stocks and Book Debts. Manufacturing of
Motor, Gear Box and Material Handling Machine. |
FIXED ASSETS:
· Office Equipments
· Computer and Printer
· Electrical Installations
· Furniture and Fixtures
· Machinery and Instruments
· Tools and Implements
· Motor Car
· Building
· Factory Shed and Extension
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.55.52 |
|
|
1 |
Rs.85.29 |
|
Euro |
1 |
Rs.68.86 |
INFORMATION DETAILS
|
Information Gathered
by : |
JML |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
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.