MIRA
INFORM REPORT
|
Report Date : |
06.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
SACH HERBOTECH PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
RR-11, 2nd Floor, Mianwali Nagar, Main Rohtak Road,
Peeragari, Pashchim Vihar, Delhi-110087 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
21.10.2010 |
|
|
|
|
Com. Reg. No.: |
55-209649 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.915 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01403DL2010PTC209649 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporters, Wholesaler and Suppliers Of herbal products, aloe nectar,
herbotech products, aloe vera juice, aloe vera products, aloe vera health drink,
aloe vera drink, aloe vera pickle, aloevera multipurpose skin gel, aloe vera
skin gel, aloe vera bathing bar, aloe juice |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 22000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution. |
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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country’s growth, which has averaged more than 7% per
year since 1997. India’s diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India’s output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis – in large part because of strong domestic demand – and growth
exceeded 8% year-on-year in real terms. However, India’s economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government’s fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India’s medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
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.
INFORMATION DECLINED BY
Management non co-operative
LOCATIONS
|
Registered Office : |
RR-11, 2nd Floor, Mianwali Nagar, Main Rohtak Road, Peeragari,
Pashchim Vihar, Delhi-110087 |
|
Tel. No.: |
91-11-29222255 |
|
Mobile No.: |
91-9729181777 (Mr. Vijay) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Bajekhan Nejia Khera Road, Nejia Khera, Sirsa-125055, Haryana, India |
|
Tel. No.: |
91-1666-238657 / 238662 |
|
Fax No.: |
91-1666-245888 |
DIRECTORS
AS ON 04.06.2011
|
Name : |
Mr. Shaan Emeet Singh Sidhu |
|
Designation : |
Director |
|
Address : |
Kothi No.1, Enayate Satguru Complex, Opposite Dera Sacha Sauda,
Sirsa-125055, Haryana, India |
|
Date of Birth/Age : |
11.08.1980 |
|
Date of Appointment : |
21.10.2010 |
|
Date of Cessation : |
15.12.2011 |
|
DIN No.: |
02257960 |
|
|
|
|
Name : |
Mr. Pawan Kumar |
|
Designation : |
Director |
|
Address : |
Shah Satnam Ji Dham, Opposite Sacha Sauda, Sirsa-125055, Haryana,
India |
|
Date of Birth/Age : |
10.06.1972 |
|
Date of Appointment : |
21.10.2010 |
|
DIN No.: |
03248501 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U01403DL2010PTC209649 |
SACH
HERBOTECH PRODUCTS PRIVATE LIMITED |
Director |
21/10/2010 |
21/10/2010 |
- |
Active |
NO |
|
2 |
U51909DL2011PLC218678 |
ARZ
UNIQUE ENTERPRISES LIMITED |
Director |
15/10/2011 |
15/10/2011 |
30/04/2012 |
Active |
NO |
|
Name : |
Mr. Prakash Singh Salwara |
|
Designation : |
Director |
|
Address : |
MSG Complex, Sirsa-125055, Haryana, India |
|
Date of Birth/Age : |
12.03.1978 |
|
Date of Appointment : |
21.10.2010 |
|
Date of Cessation : |
15.12.2011 |
|
DIN No.: |
03246352 |
|
|
|
|
Name : |
Mr. Rajesh Kumar |
|
Designation : |
Director |
|
Address : |
Shah Satnam Ji Dham, Opposite Sacha Sauda, Sirsa-125055, Haryana,
India |
|
Date of Birth/Age : |
06.07.1968 |
|
Date of Appointment : |
21.10.2010 |
|
DIN No.: |
03245129 |
|
|
|
|
Name : |
Mr. Ram Singh Dhillon |
|
Designation : |
Director |
|
Address : |
Shah Satnam Ji Dham, Opposite Sacha Sauda, Sirsa-125055, Haryana,
India |
|
Date of Birth/Age : |
02.01.1953 |
|
Date of Appointment : |
21.10.2010 |
|
DIN No.: |
03245234 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 04.06.2011
|
Names of Shareholders |
No. of Shares |
|
Pawan Kumar |
5000 |
|
Prakash Singh Salwara |
5000 |
|
Rajesh Kumar |
5000 |
|
Ram Singh Dhillon |
5000 |
|
Shaan Emeet Singh |
571450 |
|
TOTAL
|
591450 |
AS ON 04.06.2011
|
Equity Shares Break
Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporters, Wholesaler and Suppliers Of herbal products, aloe nectar, herbotech
products, aloe vera juice, aloe vera products, aloe vera health drink, aloe
vera drink, aloe vera pickle, aloevera multipurpose skin gel, aloe vera skin
gel, aloe vera bathing bar, aloe juice |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
Oriental
Bank of Commerce, Delhi-125055, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sharma And Rishi Chartered Accountant |
|
Address : |
1st Floor, Plaza Market, Shah Satnam Ji Dham, Sirsa-125055,
Haryana, India |
|
PAN No.: |
AADFS0181F |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000
Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
591450 |
Equity Shares |
Rs.10/- each |
Rs. 5.915 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
5.915 |
|
|
2] Share Application Money |
|
|
0.650 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(0.818) |
|
|
NETWORTH |
|
|
5.747 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
6.349 |
|
|
TOTAL BORROWING |
|
|
6.349 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.208 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
12.304 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
26.581 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
6.247 |
|
|
Sundry Debtors |
|
|
1.614 |
|
|
Cash & Bank Balances |
|
|
0.397 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.109 |
|
Total
Current Assets |
|
|
8.367 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
24.888 |
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
24.888 |
|
|
Net Current Assets |
|
|
(16.521) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
2.244 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
12.304 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
5.078 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL (A) |
|
|
5.078 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
|
|
8.092 |
|
|
|
Manufacturing Expenses |
|
|
1.118 |
|
|
|
Payments and Benefits to Employees |
|
|
0.280 |
|
|
|
Expenses |
|
|
0.603 |
|
|
|
Preliminary Expenses / W/Off |
|
|
0.395 |
|
|
|
Increase / Decrease in Stocks |
|
|
(6.247) |
|
|
|
TOTAL (B) |
|
|
4.241 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
0.837 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
0.377 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
0.460 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
1.069 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
(0.609) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
0.208 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
(0.817) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
|
(0.817) |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
|
|
(1.38) |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
PAT / Total Income |
(%) |
|
|
(16.09) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
(11.99) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
(1.74) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
(0.11) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
5.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
0.34 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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
one years |
Yes |
|
12] |
Profitability for last
one 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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
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 |
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 |
No |
FINANCIAL RESULTS
This year Company incurred the Loss of Rs. 0.609 Million. Since this is
the first year of the company and it has done business only for four months,
Board of Directors are hopeful of the better results in the future.
FORM 8
|
Corporate identity
number of the company |
U01403DL2010PTC209649 |
|
Name of the
company |
SACH HERBOTECH
PRODUCTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
RR-11, 2nd Floor, Mianwali Nagar, Main Rohtak Road,
Peeragari, Pashchim Vihar, Delhi-110087 |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) |
|
Particular of
charge holder |
Oriental Bank of
Commerce, Delhi-125055, India |
|
Nature of
instrument creating charge |
As per agreement |
|
Date of
instrument Creating the charge |
29.04.2011 |
|
Amount secured by
the charge |
Rs. 13.106
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 13.5% Terms of repayment 51 installments
of 0.138 Millions- each w.e.f. 31.05.2011 Margin 25% Extent and operation of the charge as per agreement |
|
Short particulars
of the property charged (Including location of the property) |
Plant and
Machinery and Stock |
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. 55.89 |
|
|
1 |
Rs. 88.63 |
|
Euro |
1 |
Rs. 70.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
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 |
|
27 |
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.