|
Report Date : |
10.03.2012 |
|
|
|
|
Tel. No.: |
91-120-2523633/2527610/2537282 |
|
Fax No.: |
91-120-2443283 |
IDENTIFICATION DETAILS
|
Name : |
SWAM PNEUMATIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
112, Navjivan Vihar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
16.03.1978 |
|
|
|
|
Com. Reg. No.: |
55-008921 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.12.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1978PTC008921 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of gamut of blowers and fans. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 413000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old
and established company having satisfactory track. Trade relations are
reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can
be considered normal for business dealings at usual trade terms and
conditions. Profit and loss
account of the company is not available. |
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 PARTED BY (GENRAL DETAILS)
|
Name : |
Mr. Ajay |
|
Designation : |
Account Executive |
|
Contact No.: |
91-120-2523633 |
|
Date : |
27.02.2012 |
LOCATIONS
|
Registered Office : |
112, Navjivan Vihar, |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9810043887 (Mr. Abhishek) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory: |
C-2, Sector-3, Gautam Budh Nagar, Noida - 201 301, |
|
Tel. No.: |
91-120-2523633/ 2527610/ 2537282 |
|
Fax No.: |
91-120-2443283 |
DIRECTORS
As on 30.07.2011
|
Name : |
Mr. Sudershan Kumar Gambhir |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
112, Navjivan Vihar, |
||||||||||||||||||||||||
|
Date of Appointment : |
05.07.1978 |
||||||||||||||||||||||||
|
DIN No.: |
00733917 |
||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mrs. Swarn Gambhir |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
112, Navjivan Vihar, |
||||||||||||||||||||||||
|
Date of Appointment : |
16.03.1978 |
||||||||||||||||||||||||
|
DIN No.: |
00733863 |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Abhishek Gambhir |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
112, Navjivan Vihar, |
||||||||||||||||||||||||
|
Date of Appointment : |
30.04.2003 |
||||||||||||||||||||||||
|
DIN No.: |
02766844 |
||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Ajay |
|
Designation : |
Account Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.07.2011
|
Names of Shareholders |
|
No. of Shares |
|
Swarn Gambhir |
|
156500 |
|
S.K. Gambhir |
|
700000 |
|
Abhishek Gambhir |
|
230000 |
|
Monica Gambhir |
|
94500 |
|
Vens Raj Gambhir |
|
1500 |
|
Suderahan Gambhir |
|
1500 |
|
Raj Kapoor |
|
6000 |
|
Vertika Gambhir |
|
27500 |
|
Baby Arushi Gambhir (Under guardianship of Abhishek Gambhir) |
|
17500 |
|
Sanchit Gambhir (Under guardianship of Abhishek Gambhir) |
|
15000 |
|
Total
|
|
1250000 |
As on 30.07.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
99.52 |
|
Other
top fifty shareholders |
|
0.48 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of gamut of blowers and fans. |
|
|
|
|
Products : |
v Centrifugal Fans v Rotary Piston Blowers Compressors v Noise Reduction Equipments v Heat Transfer Equipments v Rotary Dry Vacuum Pumps |
|
|
|
|
Exports : |
|
|
Products : |
v Centrifugal Fans v Rotary Piston Blowers Compressors v Noise Reduction Equipments v Heat Transfer Equipments v Rotary Dry Vacuum Pumps |
|
Countries : |
v
v
v
v
v
v
v
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
v
v
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit (30/ 60/ 90 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30/ 60/ 90 days) |
GENERAL INFORMATION
|
Customers : |
End Users and OEM’s |
|
|
|
|
No. of Employees : |
100 (Approximately) |
|
|
|
|
Bankers : |
v
State Bank of v
Axis Bank Limited, 4/10, OPG House, |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Tiwari and Associates Chartered Accountants |
|
Address : |
T-8, |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFT0011E |
CAPITAL STRUCTURE
After 30.07.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1350000 |
Equity Shares |
Rs.10/- each |
Rs.13.500
Millions |
|
|
|
|
|
As on 30.07.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs.12.500
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
12.500 |
10.800 |
10.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
90.824 |
69.601 |
26.064 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
103.324 |
80.401 |
36.064 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
26.589 |
23.768 |
15.701 |
|
|
2] Unsecured Loans |
1.134 |
2.314 |
3.770 |
|
|
TOTAL BORROWING |
27.723 |
26.082 |
19.471 |
|
|
DEFERRED TAX LIABILITIES |
3.272 |
2.363 |
2.036 |
|
|
|
|
|
|
|
|
TOTAL |
134.319 |
108.846 |
57.571 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
114.601 |
97.481 |
54.383 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
29.419
|
11.893
|
12.631 |
|
|
Sundry Debtors |
63.217
|
49.227
|
34.240 |
|
|
Cash & Bank Balances |
25.065
|
8.125
|
5.456 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
9.127
|
5.999
|
6.575 |
|
Total
Current Assets |
126.828
|
75.244 |
58.902 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors & Other Current Liabilities |
103.255
|
57.395
|
53.555 |
|
|
Provisions |
3.862
|
6.519
|
2.223 |
|
Total
Current Liabilities |
107.117
|
63.914 |
55.778 |
|
|
Net Current Assets |
19.711
|
11.330
|
3.124 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.007 |
0.035 |
0.064 |
|
|
|
|
|
|
|
|
TOTAL |
134.319 |
108.846 |
57.571 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.31
|
1.12
|
2.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18
|
1.18
|
1.06 |
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 |
Yes |
|
5) Type of
Business |
Yes |
|
6) Line of
Business |
Yes |
|
7) Promoter’s
background |
-- |
|
8) No. of
employees |
Yes |
|
9) Name of person
contacted |
Yes |
|
10) Designation
of contact person |
Yes |
|
11) Turnover of
firm for last three years |
No |
|
12) Profitability
for last three years |
No |
|
13) Reasons for
variation <> 20% |
-- |
|
14) Estimation
for coming financial year |
No |
|
15) Capital in
the business |
No |
|
16) Details of sister
concerns |
-- |
|
17) Major
suppliers |
No |
|
18) Major
customers |
No |
|
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 |
No |
|
25) Conduct of
the banking account |
-- |
|
26) Buyer visit
details |
-- |
|
27) Financials,
if provided |
No |
|
28) Incorporation
details, if applicable |
-- |
|
29) Last accounts
filed at ROC |
-- |
|
30) Major
Shareholders, if available |
-- |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U74899DL1978PTC008921 |
|
Name of the
company |
SWAM PNEUMATIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
112, Navjivan Vihar, E-Mail: gambhir_nanda@yahoo.co.in |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10274454 |
|
Type of charge |
Immovable Property
Book Debts Movable Property (not
being pledge) |
|
Particular of
charge holder |
Axis Bank Limited, 4/10, OPG House, E-Mail: f8.axisbank@gmail.com |
|
Nature of description
of the instrument creating or modifying the charge |
Composite
Hypothecation Deed (Current Assets, Movables, Plant and Machinery) Memorandum of
entry evidencing extension of equitable mortgage. |
|
Date of
instrument Creating the charge |
19.12.2011 |
|
Amount secured by
the charge |
Rs.240.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: As per sanction
Letter No. AXISB/DEL II/SME/2011-12/11662 dated 08.12.2011 to be amended from
time to time. Terms of
Repayment: As per sanction
Letter No. AXISB/DEL II/SME/2011-12/11662 dated 08.12.2011 to be amended from
time to time. Margin: As per sanction
Letter No. AXISB/DEL II/SME/2011-12/11662 dated 08.12.2011 to be amended from
time to time. Extent and
Operation of the charge: Extent and
Operation - 100% Others: The above is to
secure the following :- Cash Credit =
Rs.50.000 millions Letter of credit
= Rs.20.000 millions* Bank Guarantee =
Rs.160.000 millions* LC Bills
Discounting/Foreign Bills Negotiation = Rs.10.000 millions *full
interchangeability allowed between BG and LC limits upto Rs.140.000 millions.
Total NFB exposure not to exceed Rs.180.000 millions at any given point in
time. |
|
Short particulars
of the property charged |
Hypothecation by
way of first and exclusive charge over all present and future current assets
and movable fixed assets (except vehicles) financed by other Banks / FIS) of
the company stored or to be stored at the company's godowns or premises or
wherever else the same may be. |
|
Particulars of
the present modification |
Bank's first and
exclusive charge over all present and future current assets and movable fixed
assets (except vehicles) financed by other Banks / FIS) of the company and
extension of equitable mortgage over company's immovable property i.e. Industrial
Property Bearing No.2, Block-C, Sector-3, Noida (U.P.) measuring 1831.39 sq.
mtrs. together with all buildings and structures thereon or to be thereon,
already regd. for Rs.200.000 millions shall stand enhanced to Rs.240.000
millions . |
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.50.02 |
|
|
1 |
Rs.79.00 |
|
Euro |
1 |
Rs.66.17 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
48 |
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.