|
Report Date : |
05.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
PNP AND ASSOCIATES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
350, Sector 21B, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
25.11.1999 |
|
|
|
|
Com. Reg. No.: |
05-034382 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.402 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231HR1999PTC034382 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKP02064G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCP0969S |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Providing consultancy turnkey solutions and system
integration |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 130000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having a moderate track record. The
management have failed to file its latest financials with the government
department. As per previous year’s, the performance of the company seems to be
good. Financially company is doing well. Trade relations are reported to be
fair. Business is active. Payments are reported to be unknown. The company can be considered for business dealings with slight
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 : |
350, Sector 21B, |
|
Tel. No.: |
91-129-241286/ 2422008 / 4042304 / 4085293 |
|
Fax No.: |
91-129-2411281 / 4040292 |
|
E-Mail : |
|
|
|
|
|
Corporate Office
: |
SEZ – 1085, Sector 21/B, Opposite Huda Market, Faridabad121001, |
|
|
|
|
Factory 1 : |
B-59, NICE Satpur MIDC Area, Nashik- 422007, |
|
Tel. No.: |
91-253-5612368 |
|
|
|
|
Factory 2 : |
J-4, MIDC Area, Ambad, Nashik- 422010, |
|
Tel. No.: |
91-253-5612368 |
|
Telefax.: |
91-253-2360904 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Prabhu Nath Pande |
|
Designation : |
Managing Director |
|
Address : |
H No.350, Sector- 21B, |
|
Date of Birth/Age : |
10.12.1941 |
|
Date of Appointment : |
15.12.2008 |
|
DIN No.: |
00962158 |
|
|
|
|
Name : |
Mr. Alok Pande |
|
Designation : |
Director |
|
Address : |
H No.350, Sector- 21B, |
|
Date of Birth/Age : |
04.04.1956 |
|
Date of Appointment : |
11.25.1999 |
|
DIN No.: |
00962011 |
|
|
|
|
Name : |
Mr. Rakesh Pande |
|
Designation : |
Director |
|
Address : |
H No.122, Maluti 75, Snall. |
|
Date of Appointment : |
24.07.2003 |
MAJOR SHAREHOLDERS
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Mr. Prabhu Nath Pande |
214600 |
|
Mr. Alok Pande |
600 |
|
Mr. Rakesh Pande |
25000 |
|
TOTAL
|
240200 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing consultancy turnkey solutions and system
integration |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
Auditors : |
|
|
Name : |
Kumar Sanjay and Associates Chartered Accountant |
|
Address : |
SCF, 32, Sector 16 A, |
|
Tel No.: |
91-95129-472066 |
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Fax No.: |
91-95129-4047065 |
|
Email : |
|
|
PAN No.: |
ACUPK068E |
CAPITAL STRUCTURE
AS ON 31.3.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
240200 |
Equity Shares |
Rs.10/- each |
Rs.2.402 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.402 |
2.402 |
2.402 |
|
|
2] Share Application Money |
0.060 |
0.060 |
1.560 |
|
|
3] Reserves & Surplus |
32.423 |
27.377 |
21.516 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
34.885 |
29.839 |
25.478 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.755 |
0.026 |
0.000 |
|
|
2] Unsecured Loans |
4.770 |
1.108 |
1.108 |
|
|
TOTAL BORROWING |
5.525 |
1.134 |
1.108 |
|
|
DEFERRED TAX LIABILITIES |
0.057 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
40.467 |
30.973 |
26.586 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.595 |
10.797 |
10.311 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.188 |
(0.254) |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3.999
|
1.937 |
3.113 |
|
|
Sundry Debtors |
8.031
|
9.642 |
2.537 |
|
|
Cash & Bank Balances |
7.582
|
2.010 |
6.029 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
14.989
|
14.423 |
12.184 |
|
Total
Current Assets |
34.601
|
28.012 |
23.863 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.622
|
4.364 |
3.070 |
|
|
Other Current Liabilities |
1.818
|
1.637 |
1.777 |
|
|
Provisions |
2.289
|
2.023 |
2.487 |
|
Total
Current Liabilities |
5.729
|
8.024 |
7.334 |
|
|
Net Current Assets |
28.272
|
19.988 |
16.529 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
40.467 |
30.973 |
26.586 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL INCOME |
61.940 |
68.442 |
54.667 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL EXPENSES |
53.401 |
61.225 |
44.325 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.539 |
7.217 |
10.342 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.908 |
0.782 |
0.711 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
7.361 |
60.443 |
9.631 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
N.A |
N.A |
N.A |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
N.A |
N.A |
N.A |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
CIF Value of Imports |
N.A |
43.449 |
33.580 |
|
|
TOTAL IMPORTS |
N.A |
43.449 |
33.580 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.93
|
64.21 |
73.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
2.03 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.16
|
0.03 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.04
|
3.49 |
3.25 |
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 |
No |
|
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 LOAN
DETAIL
|
Particulars |
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.2010 |
|
Prabhu Nath Pande |
4.770 |
1.108 |
|
TOTAL |
4.770 |
1.108 |
FORM 8
|
Corporate identity
number of the company |
U24231HR1999PTC034382 |
|
Name of the
company |
PNP AND ASSOCIATES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
350, Sector 21B, |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
90048629 |
|
Type of charge |
|
|
Particular of
charge holder |
Corporation Bank, M-3 and 4, Greater Kailash-II, E-Mail:
gselvam.ganesan@gmail.com |
|
Nature of
instrument creating charge |
Common
deed of hypothecation of movables/assets/debts dt. 14-7-2011 |
|
Date of
instrument Creating the charge |
14.07.2011 |
|
Amount secured by
the charge |
Rs.25.000 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As Per Sanctioned
Terms And Bank Norms Terms of repayment As Per Sanction Terms And Bank Norms Margin As Per Sanction Terms And
Bank Norms Extent and operation of the charge First
charge on assets mentioned in col. 15 is to secure the following credit
facilities sanctioned to the company: od Rs.10.000 Millions and import is Rs.15.000 Millions total
Rs.25.000 Millions |
|
Short particulars
of the property charged (Including location of the property) |
First
Charge By Way Of Hypothecation Of Stocks. Book Debts And Other Current Assets
Of The Company Present And Future Lying At B-59 Nice Satpur MIDC Area .Nashik
Or At Any Other Places Emg Of
Residential Property Situated At Plot No.350,Sector 21b, Far I Dab Ad Jointly
Owned By Mr.P.N. Pande Sh Alok And Sh.Rakesh Pande |
|
Particulars of
the present modification |
Amount
Secured Is Modified To Rs.250lac To Secure Od Rs.10.000 Millions And Import
LC Rs.15.000 Millions Sanctioned To The Company Security: First Charge By Way
Of Hypothecation Of Stocks, Book Debts And Other Current Assets Of The
Company Present And Future Lying At 350 Sector 21b, Far I Dab Ad Or At Any
Other Places And Emg Of Residential Property Situated At Plot No.350.Sector
21b, Far I Dab Ad Jointly Owned By Mr.Pn.Pande.Sh Alok And Sh.Rakesh Pande |
FIXED ASSETS
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.52.97 |
|
|
1 |
Rs.83.17 |
|
Euro |
1 |
Rs.72.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
HET |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
TOTAL |
|
36 |
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.