|
Report Date : |
16.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
Indus Resources PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No.257, DDA Commercial Complex-I, Cycle Market, Jhandewalan
Extension, New Delhi – 110 055 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
18.02.2000 |
|
|
|
|
Com. Reg. No.: |
55-103828 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.497
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL2000PTC103828 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI8677E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in wholesale trade in wastes, metal scraps and
other materials. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 562000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There seems a growth in the turnover and profitability of the company.
However, reserve of the company is low. Trade relations are reported as fair.
Business is active. Payments are reported to be slow but correct. 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) |
|
|
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
|
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.
LOCATIONS
|
Registered Office : |
Flat No.257, DDA Commercial Complex-I, Cycle Market, Jhandewalan
Extension, New Delhi – 110 055, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
605, Raheja Chambers, 6th Floor, Nariman Point, Mumbai –
400 021, Maharashtra, India |
|
Tel No.: |
91-22-22041013 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Sanjeev Parduman Gupta |
|
Designation : |
Director |
|
Address : |
Flat No.1 4th 55-
56, St. Martins Lane, London WC2N
United Kingdom |
|
Date of Birth/Age : |
27.09.1971 |
|
Date of Appointment : |
23.11.2003 |
|
DIN No.: |
02430119 |
|
|
|
|
Name : |
Mr. Parduman Radhakishan Gupta |
|
Designation : |
Director |
|
Address : |
578, Model Town, Ludhiana – 141 003, Punjab, India |
|
Date of Appointment : |
29.11.2005 |
|
DIN No.: |
00304187 |
|
|
|
|
Name : |
Mr. Deepak Kumar Ram Bheja Chawla |
|
Designation : |
Additional Director |
|
Address : |
B-2/8, Tata Steel Officer Enclave, Sector Beeta-1, Greater Noida, G B Nagar – 201 306, Uttar Pradesh, India |
|
Date of Birth/Age : |
01.07.1973 |
|
Date of Appointment : |
20.09.2007 |
|
DIN No.: |
02033332 |
|
|
|
|
Name : |
Mr. Ravi Kumar Dwarkadas Trehan |
|
Designation : |
Additional Director |
|
Address : |
Bunglow No.7divya Swapna Co-Operative Housing Society
Limited, Dr. Choitram Gidwani Marg, Chembur, Mumbai – 400074, Maharashtra,
India |
|
Date of Birth/Age : |
11.01.1959 |
|
Date of Appointment : |
18.05.2010 |
|
DIN No.: |
01045610 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sanjeev Gupta |
|
1039672 |
|
Parduman Kumar Gupta |
|
9990 |
|
Deepak Kumar Chawla |
|
10 |
|
PIMS Investment Pte Limited |
|
5550744 |
|
Total
|
|
6600416 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
84.00 |
|
Directors
or relatives of directors |
|
16.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in wholesale trade in wastes, metal scraps and
other materials. |
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Products : |
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Exports : |
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Countries : |
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Imports : |
|
||||
|
Countries : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
|
|
|
|
|
Facilities : |
-- |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Praveen Aggarwal and Company Chartered Accountants |
|
Address : |
Flat No.257, DDA Commercial Complex-I Cycle Market, Jhandewalan
Extension, New Delhi – 110 055, India |
|
Tel. No.: |
91-11-23526495/ 43525470 |
|
Fax. No.: |
91-11-23548424 |
|
E-mail: |
|
|
PAN No.: |
AAEFP9238N |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6600416 |
Equity Shares |
Rs.10/- each |
Rs.66.004
millions |
|
|
|
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1049672 |
Equity Shares |
Rs.10/- each |
Rs.10.497
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.497 |
10.497 |
10.497 |
|
|
2] Share Application Money Pending Allotment |
127.248 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.840 |
0.940 |
0.839 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
140.585 |
11.437 |
11.336 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
1.920 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
1.920 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
140.585 |
13.357 |
11.336 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5.088 |
5.765 |
3.412 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.073 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
153.787
|
0.555
|
0.555 |
|
|
Sundry Debtors |
770.559
|
41.145
|
16.367 |
|
|
Cash & Bank Balances |
68.879
|
11.228
|
9.593 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
6.842
|
2.878
|
3.440 |
|
Total
Current Assets |
1000.067
|
55.806
|
29.955 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
863.843
|
45.895
|
21.868 |
|
|
Other Current Liabilities |
1.579
|
2.621
|
0.543 |
|
|
Provisions |
1.163
|
0.109
|
0.100 |
|
Total
Current Liabilities |
866.585
|
48.625
|
22.511 |
|
|
Net Current Assets |
133.482
|
7.181
|
7.444 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
1.942
|
0.411
|
0.480 |
|
|
|
|
|
|
|
|
TOTAL |
140.585 |
13.357 |
11.336 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
TURNOVER |
1929.721 |
73.829 |
79.264 |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX,
DEPRECIATION AND AMORTISATION |
4.205 |
1.134 |
0.765 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.213 |
0.927 |
0.431 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2.992 |
0.207 |
0.334 |
|
|
|
|
|
|
|
|
TAX |
1.092 |
0.110 |
0.100 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.900 |
0.101 |
0.234 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
0.940 |
0.839 |
0.605 |
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.840 |
0.940 |
0.839 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
Export Earnings |
59.408 |
73.829 |
79.264 |
|
|
TOTAL
EARNINGS |
59.408 |
73.829 |
79.264 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.81 |
0.10 |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.30 |
0.34
|
0.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.02
|
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.17
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15 |
1.15
|
1.33 |
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 |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
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 |
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 |
No |
|
Unsecured Loans |
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. in Millions) |
|
SHORT-TERM BORROWINGS |
|
|
|
Loans and advances from directors – On demand |
0.000 |
1.920 |
|
Total |
0.000 |
1.920 |
Note:
The registered office address of the company has
been shifted from E-55, NDSE-I, New Delhi – 110 049 to present address w.e.f.
06.05.2008.
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U74899DL2000PTC103828 |
|
Name of the company |
Indus Resources PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
Flat No.257, DDA Commercial Complex-I, Cycle Market, Jhandewalan
Extension, New Delhi – 110 055 E-Mail: rocdak@gmail.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Book Debts
|
|
Particular of charge holder |
Punjab National
Bank, Forshor Road Branch, Nariman Point, Mumbai – 400 021, Maharashtra,
India E-Mail: jpscs2007@gmail.com |
|
Nature of description of the instrument
creating or modifying the charge |
Bills Discounting Limits of Rs.150.000
millions |
|
Date of instrument Creating the charge |
04.03.2013 |
|
Amount secured by the charge |
Rs.150.000 millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest: Rate of interest is subject to change as
per RBI guidelines and sanction letter Terms of Repayment: As per due dates. Margin: As per sanction letter Extent and Operation of the charge: Rs.150.000 millions and operation of
charge on entire bills receivable (including bills sent for collection other documents
in transit and all negotiable instruments) |
|
Short particulars of the property charged |
Entire bills receivable (including bills
sent for collection other documents in transit and all negotiable
instruments) |
FIXED ASSETS
· Plant and Equipment
· Office Equipment
· Computer
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 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.54.63 |
|
|
1 |
Rs.83.70 |
|
Euro |
1 |
Rs.71.42 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.