1. Summary Information
|
Country |
|
||
|
Company Name |
Deki Electronics Limited |
Principal Name 1 |
Mr. Jai Kumar |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Charu Sahni |
|
Registration # |
55-008845 |
||
|
Street Address |
132, Somdutt Chambers – 1,
Bhikaji Cama Place, New Delhi – 110066, India |
||
|
Established Date |
23.01.1978 |
SIC Code |
-- |
|
Telephone# |
91-11-26186261 / 26161246 / 26182867 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-26182867 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Plastic Film Capacitors |
|
|
# of employees |
Not Available s |
Product Name 2 |
Electrical Transformer |
|
Paid up capital |
Rs.
9,551,000/- |
Product Name 3 |
Knitted Garments |
|
Shareholders |
Directors or relatives of Directors - 82.71% Other top fifty shareholders - 5.81% |
Banking |
Canara Bank |
|
Public Limited Corp. |
No |
Business Period |
35 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Company in which KMP / Relatives of KMP can exercise significant influence : |
India |
RDC Marketing Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
150,892,000 |
Current Liabilities |
58,622,000 |
|
Inventories |
119,866,000 |
Long-term Liabilities |
72,245,000 |
|
Fixed Assets |
79,131,000 |
Other Liabilities |
12,193,000 |
|
Deferred Assets |
3,775,000 |
Total Liabilities |
143,060,000 |
|
Invest& other Assets |
10,092,000 |
Retained Earnings |
211,145,000 |
|
|
|
Net Worth |
220,696,000 |
|
Total Assets |
363,756,000 |
Total Liab. & Equity |
363,756,000 |
|
Total Assets (Previous Year) |
308,793,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
586,709,000 |
Net Profit |
39,277,000 |
|
Sales(Previous yr) |
532,812,000 |
Net Profit(Prev.yr) |
46,624,000 |
MIRA INFORM REPORT
|
Report Date : |
30.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
DEKI ELECTRONICS LIMITED (w.e.f. 12.08.1981) |
|
|
|
|
Formerly Known
As : |
DEKI ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
132, Somdutt Chambers-I,
Bhikaji Cama Place, New Delhi – 110066 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
23.01.1978 |
|
|
|
|
Com. Reg. No.: |
55-008845 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.9.551
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109DL1978PLC008845 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELD00348F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers, Exporters and Importer of Plastic Film
Capacitors. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 880000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well 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 |
BBB (Long Term Rating) |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation it carry moderate credit risk. |
|
Date |
March 2013 |
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 : |
132, Somdutt Chambers-I, |
|
Tel. No.: |
91-11-26186261 / 26161246 / 26182867 |
|
Fax No.: |
91-11-26182867 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Administrative
Office / Factory 1 : |
B-20, Sector - 58, District – Gautam Budh Nagar, Noida – 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2584687 / 88 / 2585457 / 58 / 26161246 |
|
Fax No.: |
91-120-2585289 / 26182867 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
D-19, Sector 10, Gautam Budh Nagar, Noida, |
|
Tel. No.: |
91-120-2584687 / 88 |
|
Fax No.: |
91-120-2585289 |
|
E-Mail : |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Vinod Sharma |
|
Designation : |
Managing director |
|
Address : |
160 Munirka Enclave, |
|
Date of Birth/Age : |
20.09.1965 |
|
Qualification : |
Diploma in Hotel Management Catering Technology administration and
Applied Nutrition. |
|
Experience : |
20 Years |
|
Date of Appointment : |
11.08.1992 |
|
DIN No.: |
00064374 |
|
|
|
|
Name : |
Mr. Charu Gupta |
|
Designation : |
Director |
|
Address : |
405, Block – 3, Silver Estate, Sector – 50, Noida – 201301, Uttar
Pradesh, India |
|
Date of Birth/Age : |
24.05.1969 |
|
Qualification : |
Post Graduate from NIIFT |
|
Date of Appointment : |
17.08.1999 |
|
DIN No.: |
00145037 |
|
|
|
|
Name : |
Mr. Jai Kumar |
|
Designation : |
Whole-time director |
|
Address : |
160 Munirka Enclave, |
|
Date of Birth/Age : |
05.02.1930 |
|
Qualification : |
Msc. in Chemistry |
|
Experience : |
59 Years |
|
Date of Appointment : |
31.03.1982 |
|
DIN No.: |
00253838 |
|
|
|
|
Name : |
Mr. Promod Chawla |
|
Designation : |
Director |
|
Address : |
K – 87, Hauz Khas Enclave, New Delhi 110016, India |
|
Date of Birth/Age : |
16.04.1941 |
|
Qualification : |
Post Graduate MBA |
|
Date of Appointment : |
18.08.2005 |
|
DIN No.: |
00646044 |
|
|
|
|
Name : |
Mr. Ashok Kumar Gupta |
|
Designation : |
Nominee director |
|
Address : |
18 UPSID Officers Colony, Nawab Ganj, |
|
Date of Birth/Age : |
11.05.1956 |
|
Date of Appointment : |
28.04.1983 |
|
DIN No.: |
01250708 |
|
|
|
|
Name : |
Mrs. Ruchika Jaggi |
|
Designation : |
Director |
|
Address : |
9 Wayfield Lane Cohoes, New York 12047 USA |
|
Date of Birth/Age : |
25.12.1962 |
|
Date of Appointment : |
27.12.2010 |
|
DIN No.: |
03336623 |
|
|
|
|
Name : |
Mr. Ranjit Kumar Whig |
|
Designation : |
Director |
|
Address : |
C-231, Defence Colony, |
|
Date of Birth/Age : |
29.09.1941 |
|
Date of Appointment : |
22.02.2011 |
|
DIN No.: |
03378661 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Kripa Shankar |
|
500 |
|
O.P. Agarwal |
|
16000 |
|
Sharad Kumar |
|
100 |
|
UPSIDC |
|
109620 |
|
Ashok Kumar Gupta |
|
26320 |
|
Chandrakant Bhageria |
|
2000 |
|
Sunita Bhageria |
|
2000 |
|
Vijay Kumar Gupta |
|
8600 |
|
Vinod Sharma |
|
16880 |
|
Charu Sheel S. Gupta |
|
3000 |
|
Usha Gupta |
|
3000 |
|
Shakuntla Kr. Kaint |
|
3400 |
|
Vimla Agarwal |
|
1600 |
|
Jai Mala Agarwal |
|
5000 |
|
Jai Kumar |
|
709760 |
|
Shilpi Agarwal |
|
1500 |
|
Charu Gupta |
|
16000 |
|
Ruchika Gupta |
|
15700 |
|
Deepika Sharma |
|
14100 |
|
Total |
|
955080 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
82.71 |
|
Other top fifty shareholders |
5.81 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers, Exporters and Importer of Plastic Film
Capacitors. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Film Capacitor |
Million Pcs P.a. |
750 |
460 |
655550452 Pcs |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R.K. Lal and Company Chartered Accountants |
|
Address : |
B-45, Ansal, Chambers-I, New Delhi – 110066, India |
|
Tel. No.: |
91-11-32993977 |
|
E-Mail : |
|
|
PAN No.: |
AAAFR6990E |
|
|
|
|
Company in which KMP
/ Relatives of KMP can exercise significant influence : |
RDC Marketing Private Limited |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
955080 |
Equity Shares |
Rs.10/- each |
Rs.9.551
Millions |
|
|
|
|
|
Details of shares held
by each shareholder holding more than 5% shares:
|
Class of shares /
Name of shareholder |
Ms at 31 March, 2012 |
|
|
|
Number of shares held |
% holding in that class of shares |
|
Equity shares with voting rights |
|
|
|
Mr. Jai Kumar |
709,760 |
74.31% |
|
UPSIDC |
109,620 |
11.48% |
Reconciliation of the
number of shares and amount outstanding at the beginning and at the end of the
reporting period:
|
Particulars |
Opening Balance |
Fresh issue /Bonus/ESOP/Conversion |
Buy back |
Closing Balance |
|
Equity shares with voting rights |
|
|
|
|
|
Year ended 31 March, 2012 |
|
|
|
|
|
- Number of shares |
955,080 |
- |
- |
955,080 |
|
- Amount (') |
9,550,800 |
- |
- |
9,550,800 |
|
Year ended 31 March, 2011 |
|
|
|
|
|
- Number of shares |
955,080 |
- |
- |
955,080 |
|
- Amount (') |
9,550,800 |
- |
- |
9,550,800 |
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 |
9.551 |
9.551 |
9.551 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
211.145 |
174.088 |
130.288 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
220.696 |
183.639 |
139.839 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
48.094 |
34.679 |
46.511 |
|
|
2] Unsecured Loans |
24.151 |
26.665 |
23.124 |
|
|
TOTAL BORROWING |
72.245 |
61.344 |
69.635 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
292.941 |
244.983 |
209.474 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
79.131 |
84.337 |
94.358 |
|
|
Capital work-in-progress |
10.092 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
3.775 |
2.557 |
1.483 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
119.866
|
77.585
|
51.150
|
|
|
Sundry Debtors |
108.162
|
88.964
|
86.788
|
|
|
Cash & Bank Balances |
3.559
|
10.849
|
5.178
|
|
|
Other Current Assets |
6.695
|
0.000
|
0.000
|
|
|
Loans & Advances |
32.476
|
44.463
|
37.073
|
|
Total
Current Assets |
270.758
|
221.861 |
180.189 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
44.332
|
19.858
|
8.793
|
|
|
Other Current Liabilities |
14.290
|
9.495
|
24.257
|
|
|
Provisions |
12.193
|
34.457
|
33.556
|
|
Total
Current Liabilities |
70.815
|
63.810 |
66.606 |
|
|
Net Current Assets |
199.943
|
158.051
|
113.583
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.038 |
0.050 |
|
|
|
|
|
|
|
|
TOTAL |
292.941 |
244.983 |
209.474 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
586.709 |
532.812 |
484.139 |
|
|
|
Other Income |
0.494 |
6.978 |
6.801 |
|
|
|
TOTAL (A) |
587.203 |
539.790 |
490.940 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
386.931 |
-- |
-- |
|
|
|
Manufacturing Expenses |
-- |
364.686 |
324.612 |
|
|
|
Purchases of stock-in-trade |
6.877 |
-- |
-- |
|
|
|
Personnel Cost |
-- |
76.332 |
66.448 |
|
|
|
Changes in inventories of finished goods, work-in progress and stock-in-trade |
(32.984) |
-- |
-- |
|
|
|
Administrative Expenses |
-- |
14.655 |
13.604 |
|
|
|
Employee benefits expense |
88.065 |
-- |
-- |
|
|
|
Marketing and Sales Expenses |
-- |
2.477 |
4.933 |
|
|
|
Other expenses |
63.507 |
-- |
-- |
|
|
|
Increase / Decrease in Stocks |
-- |
(13.600) |
(9.424) |
|
|
|
TOTAL (B) |
512.396 |
444.550 |
400.173 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
74.807 |
95.240 |
90.767 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
10.430 |
9.880 |
11.475 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
64.377 |
85.360 |
79.292 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
13.593 |
15.211 |
15.621 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
50.784 |
70.149 |
63.671 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
11.507 |
23.525 |
21.757 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
39.277 |
46.624 |
41.914 |
|
|
|
|
|
|
|
|
|
|
Adjustment
Relating to Previous year |
0.000 |
(0.596) |
0.073 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
138.181 |
96.682 |
59.029 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.946 |
2.302 |
2.099 |
|
|
|
Proposed Dividend @20% |
1.910 |
1.910 |
1.910 |
|
|
|
Tax on Dividend @ 16.995% |
-- |
0.317 |
0.325 |
|
|
|
Corporate Dividend Tax |
0.310 |
-- |
-- |
|
|
BALANCE CARRIED
TO THE B/S |
172.292 |
138.181 |
96.682 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Earning in Foreign Exchange |
42.171 |
-- |
-- |
|
|
|
Sale of goods manufactured |
-- |
31.543 |
24.160 |
|
|
TOTAL EARNINGS |
42.171 |
31.543 |
24.160 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Material Capacitors |
206.040 |
159.321 |
135.867 |
|
|
|
Semi finished Capacitors |
186.811 |
157.581 |
129.168 |
|
|
|
PCS, ESS etc |
6.876 |
6.748 |
2.035 |
|
|
|
Store & Spare |
5.508 |
4.316 |
1.508 |
|
|
|
Machines |
2.232 |
5.039 |
3.547 |
|
|
TOTAL IMPORTS |
407.467 |
333.005 |
272.125 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
41.00 |
48.81 |
43.88 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
6.69
|
8.64 |
8.54
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.66
|
13.17 |
13.15
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.51
|
22.91 |
23.19
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.38 |
0.46
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.33
|
0.33 |
0.50
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.82
|
3.48 |
2.71
|
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 |
Yes |
|
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 |
PERFORMANCE AND
FUTURE PROSPECTS:
The year 2011-12 was envisaged to be a difficult year. You may recall that a 20% increase in top line was estimated along with a marginal decline in net profits. Net sales during the year 2011-12 was Rs. 586.709 Millions which was 9.65% higher than the sales value of the previous year 2010-11. The un natural price offerings from Chinese manufacturers and traders, especially in the inductive line continued to keep their margins under pressure. Global slowdown has meant that the huge unutilized Chinese capacity is finding new markets in India. Their marketing efforts and close interactions with the customers have resulted in a premium for their capacitors vis-
à-vis the Chinese imports.
The steep depreciation of the Indian Rupee as compared with the US Dollar, that too in a very volatile environment has severely impacted their profitability. Their imported raw material was paid for at ever increasing higher rates of the strengthened dollar. Passing on a partial impact of this increase to their customers has been an
uphill and time taking task. Efforts towards hedging the forex exposure have yielded limited results in light of the unprecedented volatility. Projects aiming at enhanced use of indigenous raw materials have been expedited, wherever possible.
A strengthened dollar is also translating into enhanced export competitiveness. The recession worldwide though
has denied us an immediate spurt in export orders.
UNSECURED LOAN:
(Rs. in Millions)
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
LONG-TERM
BORROWINGS |
|
|
|
Deposits |
8.775 |
|
|
Deposits from related parties |
13.303 |
|
|
Interest accrued on above deposits |
1.398 |
|
|
SHORT-TERM BORROWINGS |
|
|
|
Deposits from related parties |
0.675 |
|
|
Total |
24.151 |
26.665 |
EXPANSION/DIVERSIFICATION
In the medium term however, a depreciated rupee augurs well for higher value addition within the country. The company has hence undertaken an expansion project in order to increase capacity by an approximate 30%. This substantial expansion will add to the throughput/ gross margin once the installation is completed by September2012.
FINANCE
So far company was meeting its short term as well as long term funds needs from a single bank i.e Canara Bank. During current year the company has started a relationship with Citi Bank N.A. and has got sanction for its working capital and also a foreign currency term loan for expansion. With Citi Bank N.A. company will be able to vail short term foreign currency loan under Buyer.s Credit The working capital limit with Canara Bank is Rs. 62.500 Millions and 30.000 Millions with Citi Bank. During the year, company has repaid Rs. 12.165 Millions of the term loans.
CONTINGENT
LIABILITIES ARE AS UNDER:-
An amount of Rs 0.648 Million in respect of bond given to Excise Authorities for export and Rs. 3.253 Millions in respect of Bonds given to Excise Authorities for Import (Previous year Rs. 0.635 Million and Rs. 2.544 Millions respectively).
LC to the tune of Rs 1.199 Millions was outstanding at the close of year.
An amount of Rs.1.574 Millions in respect of non receipt of .C. form and Rs. 0.179 Million in respect of non receipt of “I” form from customers for sales made up to quarter ended Dec 2011
Civil work contract remaining to be executed Rs. 6.456 Millions
BANKERS CHARGES
REPORT AS PER REGISTRY:
|
Corporate identity
number of the company |
U32109DL1978PLC008845 |
|
Name of the
company |
DEKI ELECTRONICS
LIMITED |
|
Address of the
registered office or of the principal place of business in |
132, Somdutt
Chambers-I, Bhikaji Cama Place, New Delhi - 110066, India |
|
This form is for |
Creation of charge |
|
Type of charge |
|
|
Particular of
charge holder |
Citibank N.A,
Jeevan Bharti Building, 4th Floor, 124 Connaught Circus, Connaught Place, New
Delhi – 110001,India |
|
Nature of
instrument creating charge |
Goods Security
Agreement. Loan Agreement for property mortgage. |
|
Date of
instrument Creating the charge |
02.04.2012 |
|
Amount secured by
the charge |
Rs.30.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest @ 13.50% per
annum. Terms of Repayment Repayable on
demand, annually renewable. Margin Borrower shall at
all times during the continuance of the security maintain a sufficient amount
to provide the margin of security as may from time to time advised by the
bank. Extent and Operation of the charge First pari-passu
charge by hypothecation of all the borrowers movable assets (including stocks
and book debts) forming part of its current assets both present and future
AND equitable mortgage on property located at (1) D-9, Sector- 10, Noida, U.P
(2) B-20, Sector- 58, Noida, U.P in favour of Citibank N.A for the repayment
of all monies in respect of the credit facility, including outstanding
balance and also all interest, costs, charges and expenses. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
all the borrowers movable assets (including stocks and book debts) forming
part of its current assets both present and future. Equitable mortgage
on property located at D-9, Sector- 10, Noida, U.P equitable
mortgage on property located at B-20, Sector- 58, Noida, U.P |
FIXED ASSETS:
- Leasehold Land
- Building
- Plant and Machinery
- Electric Installation
- Machinery
- Machinery Accessories
- Tools and Equipments
- Air Conditioners
- Typewriter
- D G Set
- Coolers
- Fans
- Fire Fighting
- Vehicles
- Cycles
- Furniture and Fixtures
- Computers
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.54.28 |
|
|
1 |
Rs.84.23 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
--DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.