|
Report Date : |
12.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
SKG TIMBERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
72/10/1, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.04.2010 |
|
|
|
|
Com. Reg. No.: |
201739 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U20219DL2010PTC201739 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS41937A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAOCS1203J |
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|
|
|
Legal Form : |
Private Limited Liability Company. |
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|
|
|
Line of Business
: |
Trader of Teak Wood, Plywood, Board and MDF Board. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 30524 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is established company having satisfactory track. Trade
relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitments. The company can be considered for small business dealings at usual
trade 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
72/10/1, Swarn Park, Rohtak
Road, Mundka, Nangloi,
New Delhi – 110041, India |
|
Tel. No.: |
91-11-28345727 |
|
Fax No.: |
91-11-28345727 |
|
E-Mail : |
Raghavgeol100@yahoo.co.in |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Sushil Kumar |
|
Designation : |
Director |
|
Address : |
61, Ambica Vihar,
New Delhi – 110041, India |
|
Date of Birth/Age : |
02.05.1963 |
|
Date of Appointment : |
20.04.2010 |
|
Name : |
Mr. Raghav Goel |
|
Designation : |
Director |
|
Address : |
268-A/A-1 Paschim Vihar,
New Delhi – 110063, India |
|
Date of Birth/Age : |
24.10.1990 |
|
Date of Appointment : |
20.04.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Sushil Kumar |
|
5000 |
|
Raghav Goel |
|
5000 |
|
|
|
|
|
Total |
|
10000 |
List of Allotee as on 23.03.2012
|
Names of Allotee |
|
No. of Shares |
|
|
|
|
|
Anvita Singh |
|
2750 |
|
Carriers Portfolio Management Private Limited, Delhi |
|
7500 |
|
Casual Portfolio Management Private Limited, Delhi |
|
7500 |
|
Champa Devi Bucha |
|
2500 |
|
Dr. Ranbir Singh |
|
2750 |
|
Gauri Suta
Information Technology Private Limited, Delhi |
|
7500 |
|
Inductwel Software Private Limited, Delhi |
|
15000 |
|
Manomay Food & Beverages Private Limited,
Delhi |
|
15000 |
|
Mover Realtech Private Limited, Delhi |
|
15000 |
|
Prem Chhajer |
|
2500 |
|
Sanjay Kumar Chhajer HU |
|
2500 |
|
Scope Equity Private Limited, Delhi |
|
2500 |
|
Usha Equity Private Limited, Delhi |
|
5000 |
|
Wismore Equity Private Limited, Delhi. |
|
7500 |
|
Total |
|
95500 |
AS ON 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Teak Wood, Plywood, Board and MDF Board. |
GENERAL INFORMATION
|
Suppliers : |
·
Sharda Technologies
L.L.C ·
Shekhar Al Kabir Trading L.L.C. ·
Ever Green Enterprises ·
Greenply Industries
Limited ·
Heshito and Co. ·
Kevi Angami ·
Ziekhru Timber ·
GSM Shipping |
||||||||||||
|
|
|
||||||||||||
|
Customers : |
·
Arora Timber Corporation ·
Ashok Kumar Arun
Kumar Goel ·
Bhagwati Saw Mill ·
B.L. Kashyap and Sons
Limited ·
Blk Lifestyle Limited ·
Coast To Coast Designs Private Limited ·
Jai Prakash Garvesh Kripal ·
Chaibasa Timber Traders ·
Doraha Agro Food |
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Union Bank of India, B-2/15, Paschim Vihar, New Delhi – 110063, India Union Bank of
India, Mundka Branch, Swarn
Park, Main Rohtak Road, Delhi – 110041, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R K Tuli and Associates Chartered Accountant |
|
Address : |
FF-8, 7A/41 W.E.A. Karol bagh, New Delhi –
110005, India |
|
Tel. No.: |
91-11-25734493/25763830 |
|
Fax No.: |
91-11-45104493 |
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
5.892 |
|
|
3] Reserves & Surplus |
|
|
1.639 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
7.631 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
43.418 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
43.418 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.148 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
51.197 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
13.176 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
11.359 |
|
|
Sundry Debtors |
|
|
66.047 |
|
|
Cash & Bank Balances |
|
|
9.612 |
|
|
Other Current Assets |
|
|
0.600 |
|
|
Loans & Advances |
|
|
1.696 |
|
Total
Current Assets |
|
|
89.314 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
44.345 |
|
|
Other Current Liabilities |
|
|
6.315 |
|
|
Provisions |
|
|
0.675 |
|
Total
Current Liabilities |
|
|
51.335 |
|
|
Net Current Assets |
|
|
37.979 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.042 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
51.197 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
TURNOVER |
|
|
217.549 |
|
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
|
229.233 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
2.606 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.143 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
2.463 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.823 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
|
1.640 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
163.95 |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
1.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
2.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
12.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
1.73 |
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 |
No |
|
9)
Name of person contacted |
No |
|
10)
Designation of contact person |
No |
|
11)
Turnover of firm for last one years |
Yes |
|
12)
Profitability for last one 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 |
Yes |
|
18)
Major customers |
Yes |
|
19)
Payments terms |
No |
|
20)
Export / Import details (if applicable) |
-- |
|
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
|
Form 8
|
Corporate identity number of the company |
U20219DL2010PTC201739 |
|
Name of the company |
SKG TIMBERS
PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
72/10/1, Swarn Park, Rohtak Road, Mundka, Nangloi, New Delhi –
110041 |
|
This form is for |
Creation of charge |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of charge holder |
Union Bank of
India, Mundka Branch, Swarn
Park, Main Rohtak Road, Delhi – 110041, India Email –
virendradel@gmail.com |
|
Nature of instrument creating charge |
Composite Hypothecation Deed |
|
Date of instrument Creating the charge |
19.11.2011 |
|
Amount secured by the charge |
Rs. 135.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest As may notified by the bank to the company
from time to time. Terms of Repayment Payable on demand. Margin Cash Credit - 25 percent, Import LC - 10
%. Extent and Operation of the charge 100 percent. Others The said charge is hypothecated to secure
following credit facilities granted by the bank to the company:- 1. Cash Credit (Hyp.)
- Rs.35.000 Millions 2. Import LC - Rs.100.000 Millions
Total -
Rs.135.000 Millions |
|
Short particulars of the property charged |
Hypothecation of entire stocks of the company
like different types of Timbers, Moulds, Ply Board etc. stored /kept at
factory premises / godown or anywhere else
including those in transit. Hypothecation of entire book-debts,
receivables, outstanding, monies, deposits claims and bills, contracts,
securities etc. both present & future. |
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.55.23 |
|
|
1 |
Rs.85.93 |
|
Euro |
1 |
Rs.69.82 |
INFORMATION DETAILS
|
Information Gathered
by : |
-- |
|
|
|
|
Report Prepared
by : |
NLM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
41 |
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.