MIRA INFORM REPORT
|
Report Date : |
19.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALCOB INDIA PRIVATE LIMITED (w.e.f. 11.10.2012) |
|
|
|
|
Formerly Known
As : |
ALCOB SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Alcob House, Sai Gaurav, B - Wing, 2040, Jan Mohammad Street,
Near Babajan Chowk, Camp, Pune – 411001, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.07.2004 |
|
|
|
|
Com. Reg. No.: |
11-141210 (New) 11-147694 (Old) |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 11.317 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200PN2004PTC141210 (New) U45200MH2004PTC147694 (Old) |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA25772F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA8239L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Supplier and Manufacturer of structural glassing, suspended glass, aluminium cladding |
|
|
|
|
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 380000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BB- |
|
Rating Explanation |
Having moderate risk of safety regarding timely servicing of financial
obligation |
|
Date |
June 2012 |
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 : |
Alcob House, Sai Gaurav, B - Wing, 2040, |
|
Tel. No.: |
91 20 26334526/7/8 |
|
Mobile No.: |
91-9850564691 (Mr. Amresh Sahay) |
|
Fax No.: |
91 20 26334529 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Badrinarayan Rajgopalan |
|
Designation : |
Director |
|
Address : |
B2 701, Lunkas Colonnade, S.No.211, Hissa No.5, Lunkad Gardan, Viman
Nagar, Pune – 411014, Maharashtra, India
|
|
Date of Birth/Age : |
15.07.1975 |
|
Date of Appointment : |
26.07.2004 |
|
DIN No.: |
02122729 |
|
|
|
|
Name : |
Deepali Badrinarayan |
|
Designation : |
Additional director |
|
Address : |
Sr. No.14/1, Anand Nagar, Sinhagad Road, Pune – 411051, Maharashtra,
India |
|
Date of Birth/Age : |
17.03.1980 |
|
Date of Appointment : |
01.02.2012 |
|
DIN No.: |
02171007 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders (Equity Share) |
|
No. of Shares |
|
Badrinarayan Rajgopalan |
|
984700 |
|
Leela Rajgopalan |
|
7650 |
|
R Rajgopalan |
|
7650 |
|
Shilpa Vasudev Deshpandey |
|
81666 |
|
Rajeev Pathak |
|
50000 |
|
Total |
|
1131666 |
|
Names of Shareholders (Preference Share) |
|
No. of Shares |
|
Laxni Narayan Rajgopalan |
|
1 |
|
Total |
|
1 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Supplier and Manufacturer of structural glassing, suspended
glass, aluminium cladding |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajen Shah Chartered Accountant |
|
Address : |
1/15, Anand C.H.S, 3rd Floor, Santacruz (East), Mumbai –
400 055, |
|
Tel. No.: |
91-22-26193943 |
|
PAN.: |
AAOPS0018A |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2900000 |
Equity Shares |
Rs.10/- each |
Rs.29.000 Millions |
|
100000 |
Preference Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
Total |
|
Rs.30.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1131666 |
Equity Shares |
Rs.10/- each |
Rs.11.317
Millions |
|
1 |
Preference Shares |
Rs.10/- each |
Rs. 0.000
Million |
|
|
|
|
Rs.11.317 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 |
11.317 |
11.317 |
10.817 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
84.199 |
63.318 |
41.891 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
95.516 |
74.635 |
52.708 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
63.085 |
49.007 |
|
|
2] Unsecured Loans |
|
|
8.501 |
|
|
TOTAL BORROWING |
113.041 |
63.085 |
57.508 |
|
|
DEFERRED TAX LIABILITIES |
0.190 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
208.747 |
137.720 |
110.216 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
65.005 |
48.197 |
25.582 |
|
|
Capital work-in-progress |
13.611 |
10.742 |
3.950 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
60.534
|
34.394 |
17.022 |
|
|
Sundry Debtors |
146.061
|
148.027 |
134.547 |
|
|
Cash & Bank Balances |
25.744
|
15.816 |
11.398 |
|
|
Other Current Assets |
2.035
|
0.817 |
6.141 |
|
|
Loans & Advances |
26.845
|
21.342 |
4.076 |
|
Total
Current Assets |
261.219
|
220.396 |
173.184 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
83.378
|
91.797 |
79.692 |
|
|
Other Current Liabilities |
33.840
|
37.008 |
5.492 |
|
|
Provisions |
13.870
|
12.810 |
7.316 |
|
Total
Current Liabilities |
131.088
|
141.615 |
92.500 |
|
|
Net Current Assets |
130.131
|
78.781 |
80.684 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
208.747 |
137.720 |
110.216 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
393.355 |
293.992 |
|
|
|
Other Income |
|
1.718 |
0.654 |
|
|
|
TOTAL (A) |
431.743 |
395.073 |
294.646 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
298.027 |
237.243 |
|
|
|
Employee Cost |
|
20.033 |
14.898 |
|
|
|
Administration and General Expenses |
|
26.759 |
14.974 |
|
|
|
Sales and Distribution expenses |
|
5.683 |
4.738 |
|
|
|
TOTAL (B) |
400.759 (Including
Financial and Depreciation) |
350.502 |
271.853 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
44.571 |
22.793 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
|
10.506 |
5.995 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
34.065 |
16.798 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
5.296 |
3.651 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
30.984 |
28.769 |
13.147 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
10.041 |
9.842 |
4.783 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
20.943 |
18.927 |
8.364 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
4.711 |
4.599 |
NA |
|
|
TOTAL IMPORTS |
4.711 |
4.599 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
18.51 |
16.72 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.85
|
4.79 |
2.84 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
7.31 |
4.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.50
|
10.71 |
6.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.39 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.18
|
0.85 |
1.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.99
|
1.56 |
1.87 |
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 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) |
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 B - 602 Sterling Court, Maheshwari Nagar, MIDC
Marol, Andheri (East), Mumbai – 400 093, Maharashtra, India to present address
OPERATIONS
During the year 2011-12, the company has
achieved a turnover of Rs.431.743 Millions as against Rs.395.073 Millions and
made a profit of Rs.20.943 Millions. The total turnover and the profit during
the year has shown increasing trend.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U45200PN2004PTC141210 |
|
Name of the
company |
ALCOB INDIA
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Alcob House, Sai Gaurav, B - Wing, 2040, Jan Mohammad Street, Near Babajan Chowk, Camp, Pune – 411001, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10193336 |
|
Type of charge |
Immovable property |
|
Particular of charge
holder |
HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India |
|
Nature of
instrument creating charge |
Memorandum
Recording Past Transactions of Creation of Mortgage by Delivery of Title
Deeds. |
|
Date of
instrument Creating the charge |
04.02.2013 |
|
Amount secured by
the charge |
Rs.8.100 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of Repayment On demand. Margin As may be
stipulated by the Bank from time to time. Extent and Operation of the charge The Company
accorded and gave oral consent to Bank to continue to hold and retain the
title deeds (by way of Constructive delivery) in respect of its immovable
properties, as security for repayment of Rs.8.100 Millions by the Company
together with principal, interest, liquidated damages, costs, charges and
expenses. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Immovable Properties Situated at Flat No.903, 9th Floor, B-4 Kumar Palms S.No.14/ 2A/ 2B/ 1 Kondhwa Budruk, Pune. |
|
Particulars of
the present modification |
The charge shall
now stand increased from Rs.8.000 Millions to Rs.8.100 Millions, in favour
the Bank against the equitable mortgage of immovable properties being lying
and situated at Kondhwa Budruk, Pune. |
FIXED ASSETS:
- Plant and Machinery
- Vehicles
- Computers
- Furniture and Fixtures
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.54.03 |
|
|
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.