|
Report Date : |
22.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
NEXGEN LAMINATORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6458/1, Lahori Gate, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
04.01.2011 |
|
|
|
|
Com. Reg. No.: |
16-034561 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21022PB2011PTC034561 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PTLN11638E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCN5005A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
Flexible Packaging Material. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Maximum Credit Limit : |
USD 400 |
|
|
|
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company and yet to commence its commercial
operations. Payments are unknown. The company can be considered for business dealing on a safe and
secured 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 DECLINED BY
|
Name : |
Ms. Amita |
|
Designation : |
Purchases Manager |
|
Contact No.: |
91-8437007035 |
|
Date : |
19.06.2012 |
LOCATIONS
|
Registered Office : |
6458/1, Lahori Gate, Patiala – 147001, Punjab, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8437007035 (Ms. Amita) |
|
Fax No.: |
91-175.2211111 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Vill. Farm Bahadurgarh, Behind Milkfood Plant, Patiala - Rajpura
Highway, Patiala - 147021 Punjab, India |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Rajesh Singla |
|
Designation : |
Director |
|
Address : |
6458/1, Lahori Gate, Patiala – 147001, Punjab, India |
|
Date of Birth/Age : |
23.06.1971 |
|
Date of Appointment : |
04.01.2011 |
|
DIN No.: |
00407211 |
|
|
|
|
Name : |
Mr. Sanjay Singla |
|
Designation : |
Director |
|
Address : |
6458/1, Lahori Gate, Patiala – 147001, Punjab, India |
|
Date of Birth/Age : |
31.03.1965 |
|
Date of Appointment : |
04.01.2011 |
|
DIN No.: |
00433611 |
KEY EXECUTIVES
|
Name : |
Ms. Amita |
|
Designation : |
Purchases Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Sanjay Singla |
|
499990 |
|
Rajesh Singla |
|
497990 |
|
Deepanshu Singla |
|
2000 |
|
Sanjay Singla HUF |
|
10 |
|
Mohan Lal Singla HUF |
|
10 |
|
|
|
|
|
Total |
|
1000000 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Flexible Packaging Material. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
· Small Industries Development Bank of India SCO 145-146, Post Box No.92, Sector 17-C, Chandigarh – 160017, Punjab, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Goyal Mahajan and Associates Chartered Accountant |
|
Address : |
SCO-50, First Floor, Leela Bhawan Complex, Patiala – 147001, Punjab,
India |
|
PAN No.: |
AAVPG3334Q |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorised Capital : Rs.42.500
Millions
Issued, Subscribed & Paid-up Capital : Rs.40.480 Millions
(AS ON 30.09.2011)
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 |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000
Millions |
|
|
|
|
|
(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 |
|
|
|
|
|
|
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 |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
9.263 |
|
|
TOTAL BORROWING |
|
|
9.263 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
9.363 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
6.336 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.708 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
2.124 |
|
Total
Current Assets |
|
|
2.832 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.010 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.010 |
|
|
Net Current Assets |
|
|
2.822 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.205 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
9.363 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
0.000 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL |
|
|
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Administrative Expenses |
|
|
0.023 |
|
|
|
TOTAL |
|
|
0.023 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
(0.023) |
|
|
|
|
|
|
|
|
|
Less |
Transfer to
Deferred Revenue expenditure |
|
|
0.023 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
|
|
-- |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
(0.25) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
(0.23) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
92.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
283.20 |
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
|
|
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
No |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
No |
|
Name of Person Contacted |
Yes |
|
Designation of Contact person |
Yes |
|
Turnover of Firm for last one years |
Yes |
|
Profitability for last one years |
Yes |
|
Reasons for variation <> 20% |
----- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
Yes |
|
Details of sister concerns |
No |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
Payments Terms |
No |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
----- |
|
Litigations that the firm/ Promoters Involved in |
----- |
|
Banking details |
Yes |
|
Banking Facility Details |
No |
|
Conduct of the Banking Account |
----- |
|
Buyer visit details |
----- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
FINANCIAL POSITION
This is the first year of the company and no commercial
activity has been started.
FORM 8:
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U21022PB2011PTC034561 |
|
Name of the
company |
NEXGEN LAMINATORS
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
6458/1, Lahori
Gate, Patiala – 147001, Punjab, India |
|
Type of charge |
Immovable
Property Book Debts Movable Property |
|
Particular of
charge holder |
Small Industries
Development Bank of India SCO 145-146,
First and Second Floors, Sector 17C, Chandigarh – 160017, Chandigarh, India |
|
Nature of
description of the instrument creating or modifying the charge |
1. Letter of
Intent dated January 31, 2012 2. Hypothecation
agreement dated February 01, 2012 3. Declaration
and Undertaking for Mortgage dated
February 01, 2012 |
|
Date of instrument
Creating the charge |
01.02.2012 |
|
Amount secured by
the charge |
Rs.50.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest 1% above SIDBI PLR
with monthly rests, on daily product basis, subject to change from time to
time at SIDBI discretion. The present effective rate being 13.75% p.a. Terms of
Repayment Repayable on
demand Margin Stocks-25% Book Debts-25% Extent and
Operation of the charge The charge
operates on first charge basis over the assets |
|
Short particulars
of the property charged |
First charge by
way of hypothecation of whole of the current assets, of the Borrower, both
present and future and including but not limiting to, all stocks of raw
materials, work-in-process, semi-finished goods, finished goods, packing
materials, stores etc located at Village Farm Bahadurgarh, Tehsil and Dist
Patiala, Punjab. First charge by
way of hypothecation of all the present and future book-debts, receivables
and other actionable claims arising out of genuine trade transactions, due to
the Borrower located at Village Farm Bahadurgarh, Tehsil and District
Patiala, Punjab. Extension of
first charge by way of hypothecation in favour of SIDBI of all the Borrower's
movables, (save and except book debts) including the movables, plant,
machinery, machinery spares tools and accessories, office equipments,
computers, furniture and fixtures, both present and future located at Village
Farm Bahadurgarh, Tehsil and District Patiala, Punjab. Extension of
first charge by way of mortgage in favour of SIDBI of all the immovable
properties (land and building) bearing Khewat No. 55/55, Khasra No.
19//23/2/3-4, 24/1/6-0, 23//3/3/0-18, 4/1/6-0, 7/2/2/2-16, 14/2/1/3-4 kite 6, admeasuring about 22 Kanal 2 Marle
located at Village Farm Bahadurgarh, Tehsil and District Patiala, Punjab
owned by the Borrower [as per jamabandi for the year 2007-08]. |
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 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.56.42 |
|
|
1 |
Rs.88.45 |
|
Euro |
1 |
Rs.71.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
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.