1. Summary Information
|
|
|
Country |
|
|
Company Name |
KAY DEE
COMMUNICATIONS PRIVATE LIMITED |
Principal Name 1 |
Mr. Harprit Singh Kohli |
|
Status |
Slow but correct |
Principal Name 2 |
Mr. Gagandeep Kohli |
|
|
|
Registration # |
|
|
Street Address |
381, 1st Floor, Fie Patpargunj Industrial Area, Delhi -
110092 |
||
|
Established Date |
15.01.2009 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Distributor |
|
Fax # |
Not Available |
Business Style 2 |
Dealer |
|
Homepage |
Not Available |
Product Name 1 |
Mobile Phones |
|
# of employees |
Not Available |
Product Name 2 |
- |
|
Paid up capital |
Rs.4,600,000/- |
Product Name 3 |
- |
|
Shareholders |
Directors or relatives of
directors 100% |
Banking |
|
|
Public Limited Corp. |
No |
Business Period |
4 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(33) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
22,421,000 |
Current Liabilities |
4,667,000 |
|
Inventories |
13,896,000 |
Long-term Liabilities |
15,634,000 |
|
Fixed Assets |
346,000 |
Other Liabilities |
1,025,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
21,326,000 |
|
Invest& other Assets |
258,000 |
Retained Earnings |
10,995,000 |
|
|
|
Net Worth |
15,595,000 |
|
Total Assets |
36,921,000 |
Total Liab. & Equity |
36,921,000 |
|
Total Assets (Previous Year) |
46,733,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
2,285,000 |
|
Sales(Previous yr) |
608,142,000 |
Net Profit(Prev.yr) |
2,826,000 |
MIRA
INFORM REPORT
|
Report Date : |
24.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
KAY DEE COMMUNICATIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
381, 1st Floor, Fie Patpargunj Industrial Area, Delhi -
110092 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
15.01.2009 |
|
|
|
|
Com. Reg. No.: |
55-186686 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 4.600
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32202DL2009PTC186686 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELK09991C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCK5718M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer and Distributors of Mobile Phones. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 62000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. It
has shown some improvement in its performance during 2012 but the
profitability appears to be low. However, trade relations are reported as
fair. Business is active. Payments are reported to be slow but correct The company can 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 |
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 : |
381, 1st Floor, Fie Patpargunj Industrial Area, Delhi –
110092, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Head Office : |
H -14, Sector -63, Noida - 201307, Uttar Pradesh, India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Harprit Singh Kohli |
|
Designation : |
Director |
|
Address : |
B – 7, Sector -41, Gautam Budh Nagar, Noida -201301, Uttar Pradesh,
India |
|
Date of Birth/Age : |
14.10.1980 |
|
Date of Appointment : |
15.01.2009 |
|
DIN No.: |
01627819 |
|
|
|
|
Name : |
Mr. Kawaljit Kaur |
|
Designation : |
Director |
|
Address : |
B – 7, Sector -41, Gautam Budh Nagar, Noida -201301, Uttar Pradesh,
India |
|
Date of Birth/Age : |
13.09.1955 |
|
Date of Appointment : |
15.01.2009 |
|
DIN No.: |
01627845 |
|
|
|
|
Name : |
Mr. Gagandeep Kohli |
|
Designation : |
Director |
|
Address : |
B – 7, Sector -41, Gautam Budh Nagar, Noida -201301, Uttar Pradesh,
India |
|
Date of Birth/Age : |
26.04.1979 |
|
Date of Appointment : |
16.01.2009 |
|
DIN No.: |
02476344 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Harprit Singh Kohli |
|
234600 |
|
Kawaljit Kaur |
|
225400 |
|
|
|
|
|
Total |
|
460000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Distributors of Mobile Phones. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Union Bank of
India, Main Branch, Sector-29, Noida - 201301, Uttar Pradesh, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P. M. and Associates Chartered Accountants |
|
Address : |
307, Kirti Deep Building, DDA Commercial Complex, Nangal Raya, New
Delhi – 110046, India |
|
Tel. No.: |
91-11-28524691 |
|
Fax No.: |
91-11-28524691 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFP8965D |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
460,000 |
Equity Shares |
Rs. 10/- each |
Rs. 4.600
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 |
4.600 |
4.600 |
1.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
9.000 |
|
|
3] Reserves & Surplus |
10.995 |
8.736 |
1.410 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
15.595 |
13.336 |
11.410 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
11.059 |
19.272 |
0.000 |
|
|
2] Unsecured Loans |
4.575 |
4.575 |
4.575 |
|
|
TOTAL BORROWING |
15.634 |
23.847 |
4.575 |
|
|
DEFERRED TAX LIABILITIES |
0.025 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
31.254 |
37.183 |
15.985 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.346 |
0.392 |
0.437 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.200 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
13.896
|
27.154
|
3.338 |
|
|
Sundry Debtors |
20.978
|
15.633
|
5.183 |
|
|
Cash & Bank Balances |
0.236
|
0.155
|
4.507 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
1.207
|
3.318
|
3.284 |
|
Total
Current Assets |
36.317
|
46.260
|
16.312 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.667
|
8.472
|
0.084 |
|
|
Other Current Liabilities |
0.000
|
0.078
|
0.200 |
|
|
Provisions |
1.000
|
1.000
|
0.500 |
|
Total
Current Liabilities |
5.667
|
9.550
|
0.784 |
|
|
Net Current Assets |
30.650
|
36.710
|
15.528 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.058 |
0.081 |
0.020 |
|
|
|
|
|
|
|
|
TOTAL |
31.254 |
37.183 |
15.985 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
608.142 |
506.312 |
|
|
|
Other Income |
|
N.A. |
N.A. |
|
|
|
TOTAL |
N.A. |
N.A. |
N.A. |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
N.A. |
N.A. |
N.A. |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.248 |
2.971 |
1.612 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.046 |
0.045 |
0.021 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.202 |
2.926 |
1.591 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.917 |
1.000 |
0.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.285 |
2.826 |
1.091 |
|
|
|
|
|
|
|
|
|
|
Deferred Tax
Liability Reserve |
0.011 |
0.000 |
0.008 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.274 |
2.826 |
1.083 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.97 |
6.14 |
10.91 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
N.A.
|
0.48
|
0.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.73
|
6.27
|
9.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.22
|
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.00
|
1.79
|
0.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.41
|
4.84
|
20.81 |
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
two 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 |
No |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
From Share holders and Directors |
4.575 |
4.575 |
|
Total |
4.575 |
4.575 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U32202DL2009PTC186686 |
|
Name of the
company |
KAY DEE
COMMUNICATIONS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
381, 1st
Floor, Fie Patpargunj Industrial Area, Delhi – 110092, India Email: pmandassociates@hotmail.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property Book debts Others [Stock And Movable Assets] |
|
Particular of
charge holder |
Union Bank of
India, Main Branch, Sector-29, Noida - 201301, Uttar Pradesh, India Email: asinghca2002@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
SD-20 (Composite
Hypothecation Deed) |
|
Date of
instrument Creating the charge |
11.10.2012 |
|
Amount secured by
the charge |
Rs. 10.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest BR+5% Terms of Repayment Repayable On
Demand Margin 25% Extent and Operation of the charge CC (Hyp) Adhoc
for 60 Days |
|
Short particulars
of the property charged |
Stock Book-debt Movable assets Industrial
property located at A-77, Sector-4, Noida in the name of Kawaljeet Kaur Residential property
located at B-7, Sector-41, Noida in the name of Gurdeep Singh Kohli Industrial
property located at H-14, Sector-63, Noida in the name of Kay Dee Audio
Visions Private Limited |
FIXED ASSETS:
Ø Computer
Ø Furniture and
Fixture
Ø Vehicles
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. 54.30 |
|
|
1 |
Rs. 82.88 |
|
Euro |
1 |
Rs. 70.80 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.