|
Report Date : |
01.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
RUDRAKSH LAMINATES PRIVATE LIMITED |
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|
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Registered
Office : |
Plot No 29, |
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Country : |
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Financials (as
on) : |
31.03.2007 |
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Date of
Incorporation : |
17.08.2005 |
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Com. Reg. No.: |
55-139718 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U36998DL2005PTC139718 |
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PAN No.: [Permanent Account No.] |
AAIPM0129J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing
and Converter of Polyurethane Foam and Products |
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|
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (19) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Poor Corporate Governance |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subjects company has not filed the financials with the government
departments after the year 2007 which indicates poor corporate governance. Business
is active. Payments are unknown. The Company can be considered for business dealings 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 |
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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 |
LOCATIONS
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Registered Office : |
Plot No 29, |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Unit 1 : |
Opp.142, Pace City-1, Sector-37, Gurgaon-122001, |
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Tel. No.: |
91-124-3020029/ 30/ 4292242 |
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Fax No.: |
91-124-3020028 |
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E-Mail : |
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Website : |
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Unit 2 : |
E-44/D1, Industrial area Khushkhera, Dist. Alwar-301707, |
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Tel. No.: |
91-1493-250090/ 91/ 92 |
DIRECTORS
As on 31.03.2007
|
Name : |
Mr. Gaurav Nagpal |
|
Designation : |
Director |
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Address : |
T-23/1A, Phase-3, |
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Date of Birth/Age : |
07.01.1978 |
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Date of Appointment : |
17.18.2005 |
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Name : |
Mr. Rahul Nagpal |
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Designation : |
Director |
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Address : |
T-23/1A, Phase-3, |
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Date of Birth/Age : |
08.10.1982 |
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Date of Appointment : |
17.08.2005 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2007
|
Names of Shareholders |
|
No. of Shares |
|
Gaurav Nagpal |
|
5000 |
|
Rahul Nagpal |
|
5000 |
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Total |
|
10000 |
As on 31.03.2007
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing
and Converter of Polyurethane Foam and Products |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
State Bank Of |
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Facilities : |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Satish Malik And Company Chartered Accountant |
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Address : |
UGF-10, Indraprakash Building |
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Tel. No.: |
91-11-23352521 |
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Fax No.: |
91-11-23351614 |
CAPITAL STRUCTURE
As on 31.03.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10,000 |
Equity shares |
Rs.10/- each |
Rs.0.100 Million |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10,000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
|
|
|
|
|
As on 30.09.2010
Authorised Capital : Rs.10.000 Million
Issued, Subscribed & Paid-up Capital : Rs.9.421 Million
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2007 |
31.03.2006 |
|
|
SHAREHOLDERS FUNDS |
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|
|
|
|
1] Share Capital |
|
0.100 |
0.100 |
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|
2] Share Application Money |
|
0.000 |
0.000 |
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3] Reserves & Surplus |
|
0.064 |
0.021 |
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH |
|
0.164 |
0.121 |
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LOAN FUNDS |
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|
|
1] Secured Loans |
|
1.958 |
0.929 |
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2] Unsecured Loans |
|
0.000 |
0.000 |
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TOTAL BORROWING |
|
1.958 |
0.929 |
|
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DEFERRED TAX LIABILITIES |
|
0.028 |
0.010 |
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|
|
|
|
|
|
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TOTAL |
|
2.150 |
1.060 |
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|
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|
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
|
0.511 |
0.291 |
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Capital work-in-progress |
|
0.000 |
0.000 |
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INVESTMENT |
|
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
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|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
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|
Inventories |
|
1.696
|
0.789 |
|
|
Sundry Debtors |
|
3.433
|
0.367 |
|
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Cash & Bank Balances |
|
0.129
|
0.082 |
|
|
Other Current Assets |
|
0.000
|
0.000 |
|
|
Loans & Advances |
|
0.348
|
0.126 |
|
Total
Current Assets |
|
5.606
|
1.364 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
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|
Sundry Creditors |
|
3.938
|
0.597 |
|
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Other Current Liabilities |
|
0.024
|
0.000 |
|
|
Provisions |
|
0.025
|
0.021 |
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Total
Current Liabilities |
|
3.987
|
0.618 |
|
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Net Current Assets |
|
1.619
|
0.746 |
|
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|
|
|
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MISCELLANEOUS EXPENSES |
|
0.020 |
0.023 |
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TOTAL |
|
2.150 |
1.060 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
|
|
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SALES |
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Income |
|
12.050 |
0.655 |
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Other Income |
|
0.000 |
0.000 |
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TOTAL (A) |
|
12.050 |
0.655 |
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|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Expenses |
|
0.279 |
0.065 |
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Cost Of good Sold |
|
9.854 |
0.227 |
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Personnal Expenses |
|
0.376 |
0.121 |
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Selling, General and Expenses |
|
1.243 |
0.182 |
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TOTAL (B) |
|
11.752 |
0.595 |
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|
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Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
0.298 |
0.060 |
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Less |
FINANCIAL EXPENSES (D) |
|
0.187 |
0.020 |
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|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
0.111 |
0.040 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.023 |
0.006 |
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PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
|
0.088 |
0.034 |
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Less |
TAX (H) |
|
0.043 |
0.013 |
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PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
|
0.045 |
0.021 |
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Earnings Per
Share (Rs.) |
|
4.50 |
- |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2007 |
31.03.2006 |
|
PAT / Total Income |
(%) |
|
0.37 |
3.20 |
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Net Profit Margin (PBT/Sales) |
(%) |
|
0.73 |
5.19 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
|
1.56 |
2.49 |
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Return on Investment (ROI) (PBT/Networth) |
|
|
0.53 |
0.28 |
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Debt Equity Ratio (Total Liability/Networth) |
|
|
24.31 |
5.10 |
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Current Ratio (Current Asset/Current Liability) |
|
|
1.40 |
2.20 |
LOCAL AGENCY FURTHER INFORMATION
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U36998DL2005PTC139718 |
|
Name of the company
|
RUDRAKSH
LAMINATES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No 29, |
|
This form is for |
Creation of charge
|
|
Type of charge |
|
|
Particular of
charge holder |
State Bank Of E-mail ID : rkarohini@yahoo.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
SME-1 Letter Of
Arrangement. SME-2 Agreement
of loan cum hypothecation. Sme-6 Letter of
confirmation for creation of mortgage by deposit of title deeds. SME-8 Letter of
confirmation for extension of mortgage by deposit of title deeds. |
|
Date of
instrument Creating the charge |
09.03.2010 |
|
Amount secured by
the charge |
Rs.61.249 Million |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Working Capital - Interest at 2% above
(SBAR) (SBAR = 11.75%). Present effective Rate 13.75% P.A. Term Loan-
Interest At 2.50% Above (SBAR) (SBAR = 11.75%). Present Effective Rate 14.25%
P.A. Terms of Repayment: Working Capital - Repayable On Demand. Term Loan – (To
be availed within a period of 6 months from the date of sanction). (In 84 monthly Instalments
of Rs. 3.93 + Interest each, with the first Instalment commencing on August
2010 and the last Instalment falling due on July 2017). Margin : Fund Based Limits: - Raw Materials
(Imported) and Raw Materials (Indigenous) - 25% Semi Finished
Goods - 40% Finished Goods -
25% Domestic
Receivables - 50% Term Loan -
39.34% Extent and Operation of the charge: 100% |
|
Short particulars
of the property charged |
|
Fixed Asset :
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.48.94 |
|
|
1 |
Rs.77.95 |
|
Euro |
1 |
Rs.65.93 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
19 |
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.