MIRA
INFORM REPORT
|
Report Date : |
23.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
UNILINE ENERGY SYSTEMS PRIVATE LIMITED |
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Formerly Known
As : |
KLA ELECTRONICS PRIVATE LIMITED |
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Registered
Office : |
6, DSIDC
Computer Complex, Okhla Industrial Area, Phase - II, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
29.01.1990 |
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Com. Reg. No.: |
55-039060 |
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Capital Investment
/ Paid-up Capital : |
Rs.10.000 millions |
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|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1990PTC039060 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELK05711G |
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PAN No.: [Permanent Account No.] |
AAACK0443N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Supplier of Online UPS and Power
UPS. |
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|
No. of Employees
: |
Not Available |
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 612000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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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 dealings 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB- (Cash Credit) |
|
Rating Explanation |
Moderate degree of safety it carry moderate credit risk. |
|
Date |
September 8, 2011 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A3 (Bill Purchase-Discounting Facility) |
|
Rating Explanation |
Moderate degree of safety it carry higher credit risk. |
|
Date |
September 8, 2011 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
6, DSIDC
Computer Complex, Okhla Industrial Area, Phase - II, |
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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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Website : |
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Head Office/
Corporate Office : |
Uniline House, 198/23, Ramesh Market, East of Kailash, |
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Tel. No.: |
91-11-46661111/ 26469031/ 26469108/ 26469113 |
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Fax No.: |
91-11-26481469 |
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|
Factory : |
Located at: v
v
Parwanoo (Himachal Pradesh) |
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Regional Offices : |
Located at: v Ahmedabad v
v
v
v
v Chennai v Dehradun v Jaipur v
v Kolkata v
v Mumbai v
v
v
v Secunderabad v
|
DIRECTORS
As on 26.09.2011
|
Name : |
Mr. Rakesh Kumar Prem Chand Bansal |
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Designation : |
Director |
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Address : |
GG 11 2C, MIG Flat, Vikaspuri, |
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Date of Birth/Age : |
01.10.1959 |
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Date of Appointment : |
29.01.1990 |
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DIN No.: |
00782663 |
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Other Directorship :
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Name : |
Mr. Mukesh Kumar Prem Chand Bansal |
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Designation : |
Director |
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Address : |
658, Vikas Kunj, Vikas Puri, |
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Date of Birth/Age : |
22.09.1970 |
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Date of Appointment : |
12.12.2002 |
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DIN No.: |
00782556 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Rakesh Kumar Prem Chand Bansal |
|
820500 |
|
Seema Rakesh Kumar Bansal |
|
144500 |
|
Mukesh Kumar Prem Chand Bansal |
|
35000 |
|
Total |
|
1000000 |
As on 26.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Online UPS and Power
UPS. |
|
|
|
|
Products : |
v
Line Interactive UPS v
Online UPS v
Inverters v
Servo Stabilizer v
Solar Solution v
UPS Power
System |
GENERAL INFORMATION
|
Customers : |
v
HCL v
Spanco v
Tata Net (Nelco) v
Wipro v
Motorola v
3i Network v
ORG v
Huawei v
Easun Reyroll v
PCS v
IBM v
Nortel Network v
CMC v
Siemens v
Becton Dekinson v
ACER v
Lab v
Agilent Technology v
Zenith v
ZTE v
Vodafone v
HP v
Alcatel v
Accel Icim v
Hughes Escorts |
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No. of Employees : |
Not Available |
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Bankers : |
v Bank of v HDFC Bank
Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai –
400 013, Maharashtra, India v Bank of |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Gupta Sachdeva and Company Chartered Accountants |
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Address : |
337-338, Somdatt Chamber-II, |
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Tel. No.: |
91-11-26715301-02 |
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Mobile No.: |
91-9911446688 |
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Fax No.: |
91-11-26715301-02 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFG3767G |
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Subsidiary Company : |
Uniline
Electronics Private Limited CIN No.: U74899DL1995PTC070303 Address:198/23, Ramesh Market, East of Kailash, Line of Business: Trading of UPS, Invertors and Stabilizers. |
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|
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Enterprises over which key management personnel exercise control : |
v
Axiom Biotek Inc. v
Cyber Systems Inc. |
CAPITAL STRUCTURE
As on 26.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital : Rs.10.000
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 |
10.000 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
142.878 |
134.503 |
111.901 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
152.878 |
134.603 |
112.001 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
92.490 |
98.615 |
81.995 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
4.447 |
|
|
TOTAL BORROWING |
92.490 |
98.615 |
86.442 |
|
|
DEFERRED TAX LIABILITIES |
0.156 |
0.129 |
0.105 |
|
|
|
|
|
|
|
|
TOTAL |
245.524 |
233.347 |
198.548 |
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|
|
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APPLICATION OF FUNDS |
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|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
13.741 |
13.378 |
7.889 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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|
INVESTMENT |
1.198 |
0.080 |
0.080 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
74.366
|
54.786 |
36.473 |
|
|
Sundry Debtors |
395.984
|
290.335 |
324.082 |
|
|
Cash & Bank Balances |
9.873
|
5.317 |
1.899 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
67.892
|
47.958 |
36.170 |
|
Total
Current Assets |
548.115
|
398.396 |
398.624 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
148.437 |
180.426 |
|
|
Other Current Liabilities |
|
23.351 |
21.377 |
|
|
Provisions |
7.919
|
6.719 |
6.242 |
|
Total
Current Liabilities |
317.530
|
178.507 |
208.045 |
|
|
Net Current Assets |
230.585
|
219.889 |
190.579 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
245.524 |
233.347 |
198.548 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
906.361 |
832.164 |
854.643 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
NA |
NA |
|
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Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
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|
|
|
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TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
29.923 |
30.171 |
40.914 |
|
|
|
|
|
|
|
|
|
|
TAX |
7.919 |
6.744 |
6.224 |
|
|
|
|
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|
|
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|
PROFIT AFTER TAX
|
21.977 |
23.427 |
34.690 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
3.498 |
2.925 |
2.925 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT AFTER
APPROPRIATIONS |
18.479 |
20.502 |
31.765 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
0.000 |
1.092 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
2342.70 |
3469.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
3.30
|
3.63 |
4.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.33
|
7.33 |
10.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.22 |
0.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.68
|
2.06 |
2.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.73
|
2.23 |
1.92 |
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 |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
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 |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
Yes |
|
19) Payments terms |
No |
|
20) Export / Import details (if
applicable) |
No |
|
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 |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
No |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
Yes |
Note:
The registered office of the company has been shifted from 198/23, Uniline House, Ramesh Market, East of Kailash, New Delhi – 110
065, India to the present address w.e.f. 01.09.2007.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U74899DL1990PTC039060 |
|
Name of the
company |
UNILINE ENERGY SYSTEMS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
6, DSIDC Computer
Complex, Okhla Industrial Area, Phase - II, E-Mail: arun@uniline.in |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10107269 |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
CIN No.:
L65920MH1994PLC080618 HDFC Bank
Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai –
400 013, Maharashtra, India E-Mail: sumit.choithani@hdfcbank.com |
|
Nature of
description of the instrument creating or modifying the charge |
Extension of
Mortgage-Affidavit-Cum-declaration dated 26.04.2010 |
|
Date of
instrument Creating the charge |
26.04.2010 |
|
Amount secured by
the charge |
Rs.115.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: 13.25% p.a. plus interest
tax as and when applicable, or as stipulated by the Bank from time to time Terms of
Repayment: Payable on demand Margin: As stipulated by
Bank from time to time Extent and
Operation of the charge: Exclusive charge
on the properties mortgaged |
|
Short particulars
of the property charged |
Exclusive charge
on the properties mortgaged |
|
Date of latest
modification prior to the present modification |
05.03.2010 |
|
Particulars of
the present modification |
By this modification,
the charge has been enhanced from Rs.95.000 millions to Rs.115.000 millions
and also attached immovable property. |
FIXED ASSETS:
v
Motorized Dimmer
v
Multi Meter
v
Pallet Truck
v
Photo Copier
v
Printer
v
Pump
v
Refrigerator
v
Scanner
v
Vacuum Ovens
v
Water Cooler
v
Plant and Machinery
v
Vehicles
v
Furniture and Fittings
v
Air Conditioner
v
Cellular Phone
v
Fan
v
Generator
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.53.67 |
|
|
1 |
Rs.86.05 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
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.