|
Report Date : |
07.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
SABER DAIS COMPRESSION LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 389/13, Street No. 1, Amargarh Colony, Kaithal-136027,
Haryana |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
04.11.2010 |
|
|
|
|
Com. Reg. No.: |
041495 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.117 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29300HR2010PLC041495 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKS14360D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited
Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Railway Compressor |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
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 : |
-- |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was started as a Proprietory concern named as Panesar
Engineering Company. Later it was converted into Saber Dais Compression
Limited in November 2010. Mr. Devesh (Work Manager) has provided to us a few general information
and denied to disclose the financial details. However, trade relations are
reported as fair. Business is active. Payments are unknown. 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 (30.09.2011) |
Current Rating (31.12.2011) |
|
India |
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
|
Name : |
Mr. Devesh |
|
Designation : |
Work Manager |
|
Contact No.: |
91-9812200621 |
|
Date : |
19.04.2012 |
LOCATIONS
|
Registered Office : |
Plot No. 389/13, Street No. 1, Amargarh Colony, Kaithal-136027,
Haryana, India |
|
Tel. No.: |
91-1746-222481 |
|
Mobile No.: |
91-9812200621 (M. Devesh) |
|
Fax No.: |
91-1746-226468 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Peaush Panesar |
|
Designation : |
Director |
|
Address : |
H.No. 391/1, Ward 12, Street No. 1, Amargarh Colony,
Kaithal, 136027, Haryana, India |
|
Date of Birth/Age : |
01.11.1986 |
|
Date of Appointment : |
04.11.2010 |
Directorship in
Other Companies :
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U34300HR2001PTC034690 |
PANESAR
EQUIPMENTS PRIVATE LIMITED |
Director |
05/12/2006 |
05/12/2006 |
- |
Active |
NO |
|
2 |
U29300HR2010PLC041495 |
SABER DAIS
COMPRESSION LIMITED |
Director |
04/11/2010 |
04/11/2010 |
- |
Active |
NO |
|
Name : |
Sunita Panesar |
|
Designation : |
Director |
|
Address : |
391/1, Ward 12, Street No. 1, Amargarh Colony, Kaithal,
136027, Haryana, India |
|
Date of Birth/Age : |
12.02.1961 |
|
Date of Appointment : |
04.11.2010 |
Directorship in
Other Companies :
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U34300HR2001PTC034690 |
PANESAR
EQUIPMENTS PRIVATE LIMITED |
Director |
28/05/2001 |
28/05/2001 |
- |
Active |
NO |
|
2 |
U29300HR2010PLC041495 |
SABER DAIS
COMPRESSION LIMITED |
Director |
04/11/2010 |
04/11/2010 |
- |
Active |
NO |
|
Name : |
Vikram Jeet Panesar |
|
Designation : |
Director |
|
Address : |
391/1, Ward 12, Street No. 1, Amargarh Colony, Kaithal,
136027, Haryana, India |
|
Date of Appointment : |
19.01.2010 |
Directorship in
Other Companies :
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U34300HR2001PTC034690 |
PANESAR EQUIPMENTS
PRIVATE LIMITED |
Director |
28/05/2001 |
28/05/2001 |
- |
Active |
NO |
|
2 |
U29300HR2010PLC041495 |
SABER DAIS
COMPRESSION LIMITED |
Director |
19/01/2011 |
19/01/2011 |
- |
Active |
NO |
|
Name : |
Sewa Dass Panesar |
|
Designation : |
Managing Director |
|
Address : |
H.No. 405, Gali-1, Ward-13, Distt. Kaithal,
Kaithal-136027, Haryana, India |
|
Date of Birth/Age : |
28.09.1940 |
|
Date of Appointment : |
04.11.2010 |
Directorship in
Other Companies :
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U29300HR2010PLC041495 |
SABER DAIS
COMPRESSION LIMITED |
Managing
director |
04/11/2010 |
04/11/2010 |
- |
Active |
NO |
|
Name : |
Kadambari Panesar |
|
Designation : |
Director |
|
Address : |
Amar Garh, Gamri, Street No. 1, Kaithal-136027, Haryana,
India |
|
Date of Birth/Age : |
05.06.1989 |
|
Date of Appointment : |
04.11.2010 |
Directorship in
Other Companies :
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U29300HR2010PLC041495 |
SABER DAIS
COMPRESSION LIMITED |
Director |
04/11/2010 |
04/11/2010 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Devesh |
|
Designation : |
Work Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Peaush Panesar Vikramjeet Panesar |
|
36072 |
|
Sunita Panesar |
|
7500 |
|
Sewa Dass Panesar |
|
364644 |
|
Kadambari Panesar |
|
16380 |
|
Vikramjeet Panesar |
|
100 |
|
Pratibha Jindal |
|
100 |
|
Krishna Devi |
|
25690 |
|
Raj Kumari |
|
9605 |
|
Ritu Gadia |
|
10000 |
|
Gitesh Gadia (Huf) |
|
10000 |
|
S.D. Panesar (Huf) |
|
31690 |
|
Total |
|
511781 |
AS ON 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Railway Compressor |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit (30 days, 60 days) |
|
|
|
|
Purchasing : |
Cash, Credit (30 days, 60 days) |
GENERAL INFORMATION
|
Customers : |
Railway |
|
|
|
|
No. of Employees : |
50 (Approximately) |
|
|
|
|
Bankers : |
State Bank of India, Kaithal Branch |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Not Divulged |
|
|
|
|
Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
511781 |
Equity Shares |
Rs.10/- each |
Rs.5.117 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Available
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 |
Yes |
|
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 |
Yes |
|
16) Details of sister concerns |
-- |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if
applicable) |
-- |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
-- |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
No |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
No |
|
30) Major Shareholders, if available |
Yes |
Form 8
|
This form is for |
Creation of charge |
|
Charge identification number of the
modified |
-- |
|
Corporate identity number of the company |
U29300HR2010PLC041495 |
|
Name of the company |
SABER DAIS COMPRESSION LIMITED |
|
Address of the registered office or of the
principal place of business in |
Plot No. 389/13 Street No. 1 Amargarh
Colony Kaithal-136027 Haryana India |
|
Type of charge |
Movable Property Floating Charge |
|
Particular of charge holder |
State Bank of India, Main Branch,
Kaithal-136027, Haryana, India |
|
Nature of description of the instrument
creating or modifying the charge |
1. Letter Of Arrangement.
(Dated-27.12.2010) 2. Agreement Of Loan Cum
Hyp.(Dated-27.12.2010) Facility Of Limit Cash Credit Hyp.-11.000
Millions Facility Of Limit Sme Credit Plus- 2.000
Millions Facility Of Limit Bank Guaratnee- 2.500
Millions |
|
Date of instrument Creating the charge |
27.12.2010 |
|
Amount secured by the charge |
Rs,15.500 Millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate Of Interest 6.65% Above Base Rate (Br=7.60% W.E.F.
21.12.2010) Present Effective Rate Of Interest Being 14.25% Per Annum. Terms Of Repayment Payable On Demand Margin Raw Materials-25% Finished And Semi Finished Goods-25% Domestic Receivables-40% Extent And Operation Of The Charge 100% Others Name Of Guarantors-1. M/S Panesar Engg. Co.
, 2. Sewa Dass Panesar, 3. Sunita Panesar, 4.Peaush Panesar, 5. Kadambari
Panesar, 6. Vikramjit Panesar,7. Krishna Devi. |
|
Short particulars of the property charged |
Primary Security-First Chare By Way Of
Hyp. On Entire Current Assets Of The Company Including All Kinds Of Stocks
Spares Of The Company Wherever They Are Located. Collateral Security- Eq. Mortgage Of
Commercial Cum Residential Property Measuring 378.11 Sq. Yards At Amargarh
Gamri, Kaithal Standing In The Name Of The Director Of The Company Sewa Dass
Panesar. Eq. Mortgage Of Commercial Cum Residential
Property Measuring 920 Sq. Yards Bearing Mck No.389/13 At Amargarh Kaithal
Standing In The Name Of Director Of The Company Peaush Panesar. Eq. Mortgage Of Land Measuring 41k-05m Situated
At Vill. Titram, Near Narwana-Jind By Pass, Narwana Road, Teh. Distt. Kaithal
.Land Measuring 33 K-18 M Representing
678/1207 Share In Land Measuring- - 60k-07m Vide Khewat No. 149, Khatoni No.
250. Land Measuring 07k-07m Representing 147/446 Share In Land
Measuring 22k-06m Vide Khewat No. 150, Khatoni No. 251. As Per Jamabandi Of
Vill. Titram- -For The Year 2004-05 Purchased Vide Regd.
Sale Deed Dated 04.06.1992 Registered On 05.06.1992 Entered At Sr. No. 851/1
In The Office Of Sr.R Kaithal and Muatation No. 1223 And 1228. |
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.53.72 |
|
|
1 |
Rs.86.98 |
|
Euro |
1 |
Rs.70.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
SHG |
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.