Business
information report
1.
Summary Information
|
|
|
Country |
|
|
Company Name |
WELCOME IMPEX PRIVATE LIMITED |
Principal Name 1 |
Mr. Rajkumar Kaluram Jain |
|
Status |
Moderate |
Principal Name 2 |
Mr. Bharatkumar Kaluram Jain |
|
|
|
Registration # |
04-057881 |
|
Street Address |
B/903, Atma House, Opposite RBI, Ashram Road, Ahmedabad-380014,
Gujarat |
||
|
Established Date |
25.08.2009 |
SIC Code |
-- |
|
Telephone# |
91-79-26579365 |
Business Style 1 |
Trader |
|
Fax # |
91-79-26579364 |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Ferro alloys |
|
|
# of employees |
Not Available |
Product Name 2 |
non ferrous metals |
|
Paid up capital |
Rs. 4,500,000/- |
Product Name 3 |
--- |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
Oriental Bank of
Commerce |
|
Public Limited Corp. |
No |
Business Period |
3 Years |
|
IPO |
No |
International Ins. |
- |
|
Public Enterprise |
No |
Rating |
B (26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2.
Summary Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
34,140,000 |
Current Liabilities |
31,371,000 |
|
Inventories |
17,864,000 |
Long-term Liabilities |
13,383,000 |
|
Fixed Assets |
110,000 |
Other Liabilities |
938,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
45,692,000 |
|
Invest& other Assets |
134,000 |
Retained Earnings |
2,056,000 |
|
|
|
Net Worth |
6,556,000 |
|
Total Assets |
52,248,000 |
Total Liab. & Equity |
52,248,000 |
|
Total Assets (Previous Year) |
27,841,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
225,440,000 |
Net Profit |
1,118,000 |
|
Sales(Previous yr) |
70,629,000 |
Net Profit(Prev.yr) |
938,000 |
|
Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
WELCOME IMPEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B/903, Atma House, Opposite RBI, Ashram Road, Ahmedabad-380014,
Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
25.08.2009 |
|
|
|
|
Com. Reg. No.: |
04-057881 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109GJ2009PTC057881 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMW00255D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW8841J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Importer and Exporter of Ferro alloys, non ferrous metals |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 26000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. 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
cautions. |
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 : |
B/903, Atma House, Opposite RBI, Ashram Road, Ahmedabad-380014,
Gujarat, India |
|
Tel. No.: |
91-79-26579365 |
|
Fax No.: |
91-79-26579364 |
|
E-Mail : |
DIRECTORS
AS ON 08.07.2011
|
Name : |
Mr. Rajkumar Kaluram Jain |
|
Designation : |
Director |
|
Address : |
A/1, Sitabag Society, Opposite Kalgi Apartment, Near Jaihind High
School, Mainnagar, Ahmedabad-380008, Gujarat, India |
|
Date of Appointment : |
25.08.2009 |
|
DIN No.: |
02738045 |
|
|
|
|
Name : |
Mr. Bharatkumar Kaluram Jain |
|
Designation : |
Director |
|
Address : |
29, Rameshwar Park, Near Gauri Cinema, Odhav, Ahmedabad-382410,
Gujarat, India |
|
Date of Appointment : |
20.03.2010 |
|
DIN No.: |
02997817 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 08.07.2011
|
Names of Shareholders |
No. of Shares |
|
Rajkumar Kaluram Jain |
265000 |
|
Bharatkumar Kaluram Jain |
45000 |
|
Ashaben Jain |
90000 |
|
Jyotsnaben Jain |
50000 |
|
TOTAL |
450000 |
AS ON 28.03.2012
|
Names of Allotees |
No. of Shares |
|
Hiral Jain |
100 |
|
Neeta Jain |
100 |
|
TOTAL |
200 |
AS ON 23.08.2011
|
Names of Allotees |
No. of Shares |
|
Rajkumar Kaluram Jain |
60000 |
|
Bharatkumar Kaluram Jain |
30000 |
|
TOTAL |
90000 |
AS ON 08.07.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Importer and Exporter of Ferro alloys, non ferrous metals |
|
|
|
|
Products : |
Ferro and non ferrous metals |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
Oriental Bank of Commerce, Neel Kamal Building, Opposite Sales India,
Ashram Road, Ahmedabad-380009, Gujarat, India
|
||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Inani and Inani Chartered Accountant |
|
Address : |
A/310, Oxford Avenue, Near C.U. Shah College, Ashram Road,
Ahmedabad-380014, Gujarat, India |
|
Tel. No.: |
91-79-30121206 / 30120576 |
|
Mobile No.: |
91-9328210016 |
|
E-Mail : |
|
|
Pan No.: |
AABFI0041A |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450000 |
Equity Shares |
Rs.10/- each |
Rs. 4.500
Millions |
|
|
|
|
|
AS ON 08.07.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
540200 |
Equity Shares |
Rs.10/- each |
Rs. 5.402
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
4.500 |
4.500 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
2.056 |
0.938 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
6.556 |
5.438 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
13.383 |
0.100 |
|
|
TOTAL BORROWING |
|
13.383 |
0.100 |
|
|
DEFERRED TAX LIABILITIES |
|
0.008 |
0.004 |
|
|
|
|
|
|
|
|
TOTAL |
|
19.947 |
5.542 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.110 |
0.105 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
17.864 |
10.396 |
|
|
Sundry Debtors |
|
28.699 |
16.203 |
|
|
Cash & Bank Balances |
|
3.236 |
0.427 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
2.205 |
0.531 |
|
Total
Current Assets |
|
52.004 |
27.557 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
30.017 |
21.102 |
|
|
Other Current Liabilities |
|
1.354 |
0.776 |
|
|
Provisions |
|
0.930 |
0.421 |
|
Total
Current Liabilities |
|
32.301 |
22.299 |
|
|
Net Current Assets |
|
19.703 |
5.258 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.134 |
0.179 |
|
|
|
|
|
|
|
|
TOTAL |
|
19.947 |
5.542 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
SALES |
|
225.440 |
70.629 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1.656 |
1.376 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.032 |
0.013 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
1.624 |
1.363 |
|
|
|
|
|
|
|
Less |
TAX |
|
0.506 |
0.425 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
1.118 |
0.938 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
0.002 |
-- |
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
|
0.72 |
1.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
3.12 |
4.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.25 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
6.97 |
4.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.61 |
1.24 |
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. Constructions 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 two years |
Yes |
|
12. Profitability for last two 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 |
No |
|
20. Export / Import details |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
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 |
U27109GJ2009PTC057881 |
|
Name of the company
|
WELCOME IMPEX
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
B/903, Atma House, Opposite RBI, Ashram Road, Ahmedabad-380014, Gujarat, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
Oriental Bank of Commerce, Neel Kamal Building, Opposite Sales India,
Ashram Road, Ahmedabad-380009, Gujarat, India
|
|
Nature of instrument
creating charge |
Agreement of
hypothecation of assets |
|
Date of
instrument Creating the charge |
29.07.2011 |
|
Amount secured by
the charge |
Rs. 40.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest base rate + 4% i.
e. 14.25% at present. penal interest 2% on over drawings / irregularity in
account. Terms of repayment Cash Credit :
Repayment on Demand. LC : Tendor DP /
DA 180 Days. Margin Stock / Book
Debts : 25% Extent and operation of the charge Bank shall have
exclusive charge over entire movable assets of the company. |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of
Stock of Ferrous And Non Ferrous Metals Lying At Village Singarva, Dascroi,
District Ahmedabad. It Also Secures Stock In Transit, Stock In Process And
Lying At Any Other Place In India. It Is Also Secured By Entire Receivables /
Book Debts of The Company. |
FIXED ASSETS
·
Plant and Machinery
·
Furniture and Fixture
·
Computer
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. 56.05 |
|
|
1 |
Rs. 86.69 |
|
Euro |
1 |
Rs. 69.98 |
INFORMATION DETAILS
|
Information Gathered
by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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.