MIRA
INFORM REPORT
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Report Date : |
25.06.2012 |
IDENTIFICATION DETAILS
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Name : |
SUPER LAMICOTE PRIVATE LIMITED |
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Registered
Office : |
B-13, East of Kailash, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
17.02.2008 |
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Com. Reg. No.: |
185900 |
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Capital
Investment / Paid-up Capital : |
Rs. 6.300 millions |
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CIN No.: [Company Identification
No.] |
U25203DL2008PTC185900 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELS38448E |
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PAN No.: [Permanent Account No.] |
AAMCS6508C |
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Legal Form : |
Private Limited Liability Company
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Line of Business
: |
Manufacturer and Exporter of Printed Flexible Packaging Materials. |
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No. of Employees
: |
25 Approximately |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 32888 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. There appears
accumulated losses recorded by me company however, trade relations are
reported to be fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings on a 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) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Naresh Aggarwal |
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Designation : |
Director |
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Contact No.: |
91-9312278328 |
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Date : |
18.06.2012 |
LOCATIONS
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Registered Office : |
B-13, East of Kailash, New Delhi 110065, India |
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Tel. No.: |
91-11-41622166 |
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Mobile No.: |
91-9312278328 (Mr. Naresh Aggarwal) |
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E-Mail : |
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Area : |
500 sq.ft |
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Location : |
Rented |
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Factory : |
13/7, Inside G D Industrial Engineers Compound, Mathura Road,
Faridabad 121003, Haryana, India |
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Tel. No.: |
91-129-4037461 |
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Area : |
10000 sq.ft |
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Location : |
Rented |
SOLE PROPRIETOR/PARTNERS/DIRECTORS
AS ON 09.09.2011
|
Name : |
Mr. Naresh Aggarwal |
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Designation : |
Director |
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Date of Birth/Age : |
03.03.1949 |
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Date of Appointment : |
17.12.2008 |
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Name : |
Mr. Pramod Kumar Singh |
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Designation : |
Director |
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Date of Birth/Age : |
02.10.1968 |
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Date of Appointment : |
17.12.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 09.09.2011
|
Names of Shareholders |
No. of Shares |
|
Naresh Aggarwal |
35000 |
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Pramod Kumar Singh |
5000 |
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Madhu Aggarwal |
350000 |
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Nakul Aggarwal |
65000 |
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Salil Aggarwal |
50000 |
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Meera Singh |
125000 |
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Total |
630000 |
AS ON 09.09.2011
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Directors or relatives of directors |
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100.00 |
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Total
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Printed Flexible Packaging Materials. |
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Exports : |
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Products : |
Printed, Flexible Packaging Materials |
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Countries : |
Korea, Uganda |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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Suppliers : |
Krishna Gravier Private Limited |
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Customers : |
·
End Users ·
Paradise Laminators Private Limited |
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No. of Employees : |
25 Approximately |
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Bankers : |
Canara Bank, No. 1 D D A Building, Nehru Place, New Delhi 110019,
India |
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Facilities : |
Rs. In Millions
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Banking
Relations : |
-- |
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Auditors : |
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Name 1: |
Jugal Arrora and Company Chartered Accountant |
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Address : |
3A/167, Opposite Chimnibai Dharamshala, NIT 3, Faridabad 121001,
Haryana, India |
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Name 2: |
D Lal Chopra and Company Chartered Accountant |
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Address : |
3A/167, Opposite Chimnibai Dharamshala, Faridabad 121001, Haryana,
India |
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Enterprises in which key management personnel of their relatives or
company are able to exercise significant influence in the enterprises : |
Krishna Gravure Private Limited Super Ceramics Private Limited G D Industrial Engineers |
CAPITAL STRUCTURE
AS ON 09.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs. 10 each |
Rs. 10.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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630000 |
Equity Shares |
Rs. 10 each |
Rs. 6.300 millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
|
31.03.2012 |
31.03.2011 |
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Sales Turnover (Approximately) |
|
40.000 (Due to Fired in
Factory in Last Year) |
71.000 |
The above information has been parted by Mr. Naresh Aggarwal
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
6.300 |
4.550 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
1.905 |
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3] Reserves & Surplus |
6.200 |
4.450 |
0.000 |
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4] (Accumulated Losses) |
(4.278) |
(5.756) |
(0.002) |
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NETWORTH |
8.222 |
3.244 |
2.003 |
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LOAN FUNDS |
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1] Secured Loans |
34.196 |
26.726 |
0.000 |
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2] Unsecured Loans |
21.797 |
19.722 |
7.000 |
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TOTAL BORROWING |
55.993 |
46.448 |
7.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
64.215 |
49.692 |
9.003 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
30.539 |
28.375 |
0.000 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
1.303 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
19.793
|
17.408 |
0.000 |
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Sundry Debtors |
26.525
|
6.953 |
0.000 |
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Cash & Bank Balances |
0.465
|
0.098 |
1.572 |
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Other Current Assets |
3.822
|
5.297 |
7.100 |
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Loans & Advances |
0.000 |
0.000 |
0.000 |
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Total
Current Assets |
50.605
|
29.756 |
8.672 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
17.639
|
6.527 |
0.000 |
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Other Current Liabilities |
0.000
|
0.000 |
0.000 |
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Provisions |
1.039
|
2.422 |
0.307 |
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Total
Current Liabilities |
18.678
|
8.949 |
0.307 |
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Net Current Assets |
31.927
|
20.807 |
8.365 |
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MISCELLANEOUS EXPENSES |
0.446 |
0.510 |
0.638 |
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TOTAL |
64.215 |
49.692 |
9.003 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Sales and Other Income |
71.346 |
14.676 |
0.000 |
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TOTAL (A) |
71.346 |
14.676 |
0.000 |
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Less |
EXPENSES |
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Selling and Distribution Expenses |
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Office Expenses |
61.434 |
14.175 |
0.003 |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL (B) |
61.434 |
14.175 |
0.003 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
9.912 |
0.501 |
(0.003) |
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Less |
FINANCIAL
EXPENSES (D) |
5.701 |
3.551 |
NA |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.211 |
(3.050) |
(0.003) |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.037 |
2.703 |
NA |
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PROFIT BEFORE
TAX (E-F) (G) |
0.174 |
(5.753) |
(0.003) |
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Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
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PROFIT AFTER TAX
(G-H) (I) |
0.174 |
(5.753) |
(0.003) |
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Earnings Per Share
(Rs.) |
0.27 |
-- |
-- |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.24
|
(39.20) |
0.00 |
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Net Profit Margin (PBT/Sales) |
(%) |
0.24
|
(39.20) |
0.00 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
0.21
|
(9.89) |
(0.03) |
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Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
(1.77) |
(0.00) |
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Debt Equity Ratio (Total Liability/Networth) |
|
9.08
|
17.07 |
3.64 |
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Current Ratio (Current Asset/Current Liability) |
|
2.70
|
3.32 |
28.24 |
LOCAL AGENCY FURTHER INFORMATION
OPERATION:
During the year company has achieved a sale turnover of Rs. 71.318
millions. the turnover is increased as compare to the previous financial year.
The directors look forward for a better performance during the current
financial year.
FIXED ASSETS:
·
Computer
·
Furniture and Fixtures
·
Plant and Machinery
·
Software
FORM 8
|
Corporate
identity number of the company |
U25203DL2008PTC185900 |
|
Name of the
company |
SUPER LAMICOTE PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
B-13, East of Kailash, New Delhi 110065, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Floating charge Others |
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Particular of
charge holder |
Canara Bank, No. 1 D D A Building, Nehru Place, New Delhi 110019,
India Email: cb0390@canarabank.com
|
|
Nature of
instrument creating charge |
Common Hypothecation
Agreement |
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Date of
instrument Creating the charge |
03.05.2012 |
|
Amount secured by
the charge |
Rs. 38.200
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest @ 5.50% p.a. over
BR presently @ 16.00% p.a. or such other rates as applicable from time to
time. Terms of repayment As per agreement Margin As per agreement Extent and operation of the charge 100% to secure various
credit facilities of Rs. 38.200 millions, such as OCC of Rs. 12.500 millions,
TL-1 Rs. 22.500 millions and TL-II Rs. 3.200 millions and interest +all other
costs thereon as applicable from time to time. |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of
all present and future Stocks such as Printing and Packing Materials, stored
at 13/7, Mathura Road, Faridabad, (Haryana) and at any other place including
those in transit, All present and
future Book-Debts, Receivables, Claims, etc. Hyp. of all
present and future PLANT and MACHINERY, TOOLS AND ACCESSORIES,
stored/installed /to be installed at 13 /7, Mathura Road, Faridabad,
(Haryana) and or other place including those in transit. |
|
Particulars of the
present modification |
Bank has taken
Common Hypothecation agreement to secure all the credit facilities sanctioned
and Extent of operation of charge over hypothecated assets of the company
stands modified to Rs. 38.200 millions, to secure various credit facilities
upto Rs. 38.200 millions sanctioned to the company, such as OCC/ODBD of Rs.
12.500 millions, Term loan-I Rs. 22.500 millions, Term Loan-II Rs. 3.200
millions and interest, costs and expenses as applicable from time to time.
Other Terms and conditions remain unchanged. |
|
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
|
4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter's background |
Yes |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
Yes |
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12) Profitability for last three years |
Yes |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
Yes |
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18) Major customers |
Yes |
|
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 |
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.56.99 |
|
|
1 |
Rs.88.97 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
PRL |
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 |
3 |
|
--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 |
|
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.