|
Report Date : |
12.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
NEO TELE- TRONIX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6/7, Bijoygarh, Kolkata- 700 032, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
31.01.1975 |
|
|
|
|
Com. Reg. No.: |
21-29848 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.415 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109WB1975PTC029848 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Electrical Testing and Measuring
Equipments. |
|
|
|
|
No. of Employees
: |
28 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 9000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an 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 dealing at usual 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 PARTED BY
|
Name : |
Mr. S.A. Bhomi |
|
Designation : |
Accountant |
|
Contact No.: |
91-33-24131549 |
|
Date : |
04.05.2012 |
LOCATIONS
|
Registered Office : |
6/7, Bijoygarh, Kolkata- 700 032, West |
|
Tel. No.: |
91-33-24773126 / 2403 / 24131549 / 24287410 |
|
Mobile No.: |
91-9831927749 (Mr. Arijit Basuray) |
|
Fax No.: |
91-33-24772403/24131549 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
750 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Head Office/ Factory / Warehouse : |
117, |
|
Tel. No.: |
91-33-2477 3126 /
2403 / 2413 1549 |
|
Fax No.: |
91-33-2477 2403 |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Arijit
Basuray |
|
Designation : |
Managing Director |
|
Address: |
6/7 Bijoygarh,
Kolkata – 700 032, West Bengal, India |
|
Date of Birth/Age : |
12.10.1955 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
03.10.1983 |
|
DIN : |
01361158 |
|
|
|
|
Name : |
Mr. Proteeti
Basuray |
|
Designation : |
Directors |
|
Address: |
6/7 Bijoygarh,
Kolkata – 700 032, West Bengal, India |
|
Date of Birth/Age : |
24.09.1985 |
|
Qualification : |
B. Tech |
|
Date of Appointment : |
01.07.2009 |
|
DIN : |
02705097 |
KEY EXECUTIVES
|
Name : |
Mr. S.A. Bhomi |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Priyanath Ghosh Late |
|
10 |
|
Manindra Raynath Late |
|
200 |
|
Sumitabha Basu
Ray |
|
160 |
|
Ajoy Basu Ray |
|
60 |
|
Arijit Basu Ray |
|
2570 |
|
Sanjay Bose |
|
10 |
|
Subhijit Chanda |
|
10 |
|
Amitabh Basu Ray |
|
20 |
|
Anjali Smt Ray |
|
80 |
|
Mita Dutta |
|
20 |
|
Bhaskar Mukherjee |
|
10 |
|
Arijit Basu Ray |
|
1000 |
|
|
|
|
|
Total |
|
4150 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
98.50 |
|
Other |
1.50 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Electrical Testing and Measuring
Equipments. |
|
|
|
|
Product: |
·
Oil Test Set ·
High Voltage Test Set ·
Control Equipment Transformer |
|
|
|
|
Exports : |
|
|
Products : |
·
Electrical Testing ·
Measuring Equipments |
|
Countries : |
·
Bangladesh ·
Europe |
|
Terms : |
|
|
Selling : |
L/C |
|
|
|
|
Purchasing : |
L/C |
PRODUCTION STATUS As on 31.03.2010
|
Particulars |
|
|
|
Actual
Production |
|
Oil Testing Unit |
|
|
|
50 |
|
Transformer Other Transformer Unit |
|
|
|
37 |
|
Control Equipment Set |
|
|
|
120 |
GENERAL INFORMATION
|
Customer: |
Manufacturer |
|
|
|
|
No. of Employees : |
28 (Approximately) |
|
|
|
|
Bankers : |
United Bank of
India, Old Course House Branch, 16, OCH Street, kolkata - 700001, West
Bengal, India |
|
|
|
|
Facilities : |
CC – Rs.2.500
Million / BU – Rs. 1.000 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B. N. Sen and
Company Chartered
Accountants |
|
Address : |
8/2, |
|
Tel. No.: |
91-33-2248553 |
|
Mobile No.: |
91-9433024836 |
|
Pan No.: |
AXKPS5031N |
|
|
|
|
Sister Concern: |
M.N. Roy Industries |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000 |
Equity Shares |
Rs.100/-each |
Rs.0.500 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4150 |
Equity Shares |
Rs.100/-each |
Rs.0.415
million |
|
|
|
|
|
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 |
0.415 |
0.415 |
0.315 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.065 |
1.766 |
1.512 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2.480 |
2.181 |
|
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.775 |
0.794 |
0.000 |
|
|
2] Unsecured Loans |
0.031 |
0.026 |
0.000 |
|
|
TOTAL BORROWING |
2.806 |
0.820 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.019 |
|
|
|
|
|
|
|
|
TOTAL |
5.286 |
3.001 |
1.846 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.939 |
1.798 |
1.737 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.375
|
1.052
|
1.008
|
|
|
Sundry Debtors |
4.329
|
2.988
|
4.070
|
|
|
Cash & Bank Balances |
0.057
|
0.053
|
0.063
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
2.217
|
2.244
|
1.682
|
|
Total
Current Assets |
7.978
|
6.337 |
6.823 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3.835
|
1.996
|
3.861
|
|
|
Other Current Liabilities |
0.642
|
2.779 |
2.266 |
|
|
Provisions |
0.154
|
0.359
|
0.587
|
|
Total
Current Liabilities |
4.631
|
5.134 |
6.714 |
|
|
Net Current Assets |
3.347
|
1.203 |
0.109 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
5.286 |
3.001 |
1.846 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
SALES |
17.694 |
13.054 |
14.189 |
|
|
|
|
|
|
|
Less |
EXPENSES |
17.259 |
12.664 |
13.820 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.436 |
0.390 |
0.369 |
|
|
|
|
|
|
|
Less |
TAX |
0.131 |
0.127 |
0.249 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.305 |
0.263 |
0.120 |
|
|
|
|
|
|
|
|
Earnings in Foreign Currency : |
NA |
1.965 |
1.644 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
73.49 |
63.37 |
38.09 |
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
20.000 |
|
|
|
|
|
Expected Sales (2012-2013): Rs.
25.000 Millions
The above information has been parted by Mr. Mr. S.A Bhomi
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.72
|
2.01
|
0.84
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.46
|
2.99
|
2.60
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.47
|
4.79
|
4.31
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.18
|
0.20
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.87
|
2.72
|
3.67
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.72
|
1.23
|
1.02
|
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 |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
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 |
-- |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U32109WB1975PTC029848 |
|
Name of the
company |
NEO TELE- TRONIX PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
6/7, Bijoygarh, Kolkata- 700 032, West Bengal, India Email: ntpl@cal.vsnl.net.in |
|
This form is for |
Modification of charge |
|
Charge identification
(ID) number of the charge to be modified |
80049054 |
|
Type of charge |
·
Immovable property ·
Book debts ·
Movable property (not being pledge) |
|
Particular of
charge holder |
United Bank of India, Old Course House Branch, 16, OCH Street, kolkata
- 700001, West Bengal, India Emai: roc@sdpa.in |
|
Nature of
instrument creating charge |
d Promissory Note Letter of Continuity Hypothecation of Debts and Movable Assets Hypothecation of Goods Hypothecation of movable plant and Machinery Letter of guarantee Link Letter Extension of Equitable Mortgage Letter of Line |
|
Date of
instrument Creating the charge |
11.08.2010 |
|
Amount secured by
the charge |
Rs. 3.500 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest BR + 3.75% i.e. 12.00% p.a. on monthly rest. ROI is subject to change
as per H.O./RBI guidelines from time to time Terms of Repayment On demand Margin Cash Credit : 25% on stock and receivables Bank Guarantee : 10% (cash margin) Extent and Operation of the charge as per document attached Primary |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Primary : i) Hypothecation of Company's entire Stock and Book Debts
and other current assets present and future ii) Hypothecation of Company's Plant and Machinery present and future Additional: Equitable mortgage of factory land and building at Rajpur
in the name of the Company valued at Rs.347.600 Millions as on 12.5.2010 Line of FD of Rs.0.517 Millions in the name of the company Personal Guarantee of the director combined net worth Rs.0.660
Millions as on 31.03.2009 |
|
Particulars of
the present modification |
By this modification, the overall limit has been enhanced from Cash
Credit Limit of Rs.1.460 Millions T/L of Rs.0.225 Millions and BG of Rs.0.650
Millions to Rs.3.500 Millions comprising of cash credit limit of Rs.2.500
Millions and BG limit of Rs.1.000 Millions. |
FIXED ASSETS:
· Land
· Generator
· Motor Car
WEBSITE DETAILS
COMPANY PROFILE
From 1976 to 1980 NTPL has manufactured special types of Transformers to cater various categories of Industries, Power Sectors, Project Works, Educational Institutes and Laboratories etc. During this period NTPL also introduced some test equipment. Oil test set is one of those cast resin high voltage transformer is also introduced for oil test set.
During 80's NTPL introduced numerous Test and Measuring Equipment covering
almost every field of Electrical Power Engineering and grabbed 'in house'
indigenous technology.
1990 onwards NTPL extended its own infrastructure and keeping in mind the
changing scenario of world market as well as power engineering, NTPL introduced
few diagnostic test equipment and more advanced equipment with incorporation of
Microcontroller-based and Computer-based Technology.
Our new generation of test equipment offers superior specifications and many
benefits over the competition. Our products are generally less expensive,
smaller, lighter yet rugged, enriched with significant design, specification,
and operational advantages over all others.
With 35 years of our existence, we have become the market leaders in India for
manufacturing and development of Electrical and High Voltage Test and Measuring
Equipment. As a single source supplier we unify powerful resources from design,
development, engineering, marketing and support - from high-voltage,
high-current design over electronics to embedded systems and software in one company.
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.53.64 |
|
|
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.69.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.