MIRA
INFORM REPORT
|
Report Date : |
02.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALLIED ENERGY SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 293, Ground Floor, Kehar Singh Estate, Saket West End Marg, Saidula
Jab, New Delhi-110030 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
25.02.2005 |
|
|
|
|
Com. Reg. No.: |
55-133409 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40105DL2005PTC133409 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA16736G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALFA1737F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Machinery and Equipments for
Infrastructural Projects. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 150000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Trade relations are reported as fair. Business is active. Payment terms
are slow but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
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 |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
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 : |
Plot No. 293, Ground Floor, Kehar Singh Estate, Saket West End Marg,
Saidula Jab, New Delhi-110030, India |
|
Tel. No.: |
91-11-40506600 |
|
Fax No.: |
91-11-40506666 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Shahid Syed Ahmed |
|
Designation : |
Director |
|
Address : |
C-79, Sarita Vihar, New Delhi-110076, India |
|
Date of Birth/Age : |
01.11.1955 |
|
Date of Appointment : |
25.02.2005 |
|
DIN No.: |
00382956 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74140DL1993PTC054050 |
FUTECH
PROJECTS (INDIA) PRIVATE LIMITED |
Director |
15/06/1993 |
15/06/1993 |
- |
Active |
NO |
|
2 |
U74899DL1994PTC060341 |
FUTECH
CONSULTANTS PVT LTD |
Director |
20/07/1994 |
20/07/1994 |
- |
Active |
NO |
|
3 |
U29197DL1998PTC095737 |
ZEETECH
SYSTEMS PRIVATE LIMITED |
Director |
25/08/1998 |
25/08/1998 |
01/05/2010 |
Active |
NO |
|
4 |
U40105DL2005PTC133409 |
ALLIED
ENERGY SYSTEMS PRIVATE LIMITED |
Director |
25/02/2005 |
25/02/2005 |
- |
Active |
NO |
|
5 |
U70109DL2006PTC155875 |
ALTECH
INFRASTRUCTURE PRIVATE LIMITED |
Director |
23/11/2006 |
23/11/2006 |
30/06/2009 |
Active |
NO |
|
6 |
U74900DL2009PTC189610 |
SURELAND
FIRE AND SECURITY PRIVATE LIMITED |
Director |
22/04/2009 |
22/04/2009 |
- |
Active |
NO |
|
Name : |
Mr. Tarun Sachdeva |
|
Designation : |
Director |
|
Address : |
A-78, Saraswati Vihar, Pitampura, New Delhi-110034, India |
|
Date of Birth/Age : |
09.07.1971 |
|
Date of Appointment : |
25.02.2005 |
|
DIN No.: |
00529120 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U40105DL2005PTC133409 |
ALLIED ENERGY
SYSTEMS PRIVATE LIMITED |
Director |
25/02/2005 |
25/02/2005 |
- |
Active |
NO |
|
2 |
U70109DL2006PTC155875 |
ALTECH
INFRASTRUCTURE PRIVATE LIMITED |
Director |
23/11/2006 |
23/11/2006 |
- |
Active |
NO |
|
3 |
U74140DL2007PTC171973 |
TECHKNOW
ENVIRONMENTAL AND SUSTAINABLE SOLUTIONS PRIVATE LIMITED |
Director |
28/12/2007 |
28/12/2007 |
16/09/2008 |
Active |
|
|
4 |
U29299DL2010PTC197522 |
TRITECH
INFRASTRUCTURES (INDIA) PRIVATE LIMITED |
Director |
01/01/2010 |
01/01/2010 |
01/05/2012 |
Active |
NO |
|
5 |
U29253DL2010PTC199330 |
FINEHOPE ALLIED
ENGINEERING PRIVATE LIMITED |
Director |
20/02/2010 |
20/02/2010 |
- |
Active |
NO |
|
6 |
U40102DL2011PTC215061 |
ALLIED SOLAR
PROJECTS PRIVATE LIMITED |
Director |
01/03/2011 |
01/03/2011 |
- |
Active |
NO |
|
7 |
U37100DL2012PTC244862 |
ALLIED
SUSTAINABLE POWER AND COOLING SOLUTIONS PRIVATE LIMITED |
Director |
14/11/2012 |
14/11/2012 |
- |
Active |
NO |
|
Name : |
Mr. Anil Kumar Kumra |
|
Designation : |
Director |
|
Address : |
C-96, 1st Floor, Sector-54, Suncity, Phase-2,
Gurgaon-122002, Haryana, India |
|
Date of Birth/Age : |
04.03.1953 |
|
Date of Appointment : |
25.02.2005 |
|
DIN No.: |
01713135 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/
LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
L25209HR1951PLC001694 |
NUCHEM LIMITED |
Director |
28/04/2001 |
28/04/2001 |
- |
Active |
NO |
|
2 |
U29197DL1998PTC095737 |
ZEETECH SYSTEMS
PRIVATE LIMITED |
Director |
30/06/2001 |
30/06/2001 |
- |
Active |
NO |
|
3 |
U40105DL2005PTC133409 |
ALLIED ENERGY
SYSTEMS PRIVATE LIMITED |
Director |
25/02/2005 |
25/02/2005 |
- |
Active |
NO |
|
4 |
U70109DL2006PTC155875 |
ALTECH
INFRASTRUCTURE PRIVATE LIMITED |
Director |
23/11/2006 |
23/11/2006 |
- |
Active |
NO |
|
5 |
U74140DL2007PTC171973 |
TECHKNOW ENVIRONMENTAL
AND SUSTAINABLE SOLUTIONS PRIVATE LIMITED |
Director |
28/12/2007 |
28/12/2007 |
16/09/2008 |
Active |
|
|
6 |
U74900DL2009PTC189610 |
SURELAND FIRE
AND SECURITY PRIVATE LIMITED |
Director |
22/04/2009 |
22/04/2009 |
- |
Active |
NO |
|
7 |
U29253DL2010PTC199330 |
FINEHOPE ALLIED
ENGINEERING PRIVATE LIMITED |
Director |
20/02/2010 |
20/02/2010 |
- |
Active |
NO |
|
8 |
U74140DL2010PTC208472 |
FINEHOPE ALLIED
ENGINEERING (INDIA) PRIVATE LIMITED |
Director |
20/09/2010 |
20/09/2010 |
- |
Active |
NO |
|
9 |
U70100DL2010PTC206263 |
ANARKALI
DEVELOPERS PRIVATE LIMITED |
Director |
29/09/2011 |
11/02/2011 |
- |
Active |
NO |
|
10 |
U29200HR2011PTC044071 |
ALLIED
CONSORTIUMS PRIVATE LIMITED |
Director |
12/10/2011 |
12/10/2011 |
- |
Active |
NO |
|
Name : |
Mr. Amit Kumra |
|
Designation : |
Director |
|
Address : |
C-96, 1st Floor, Sector-54, Suncity, Phase-2, Gurgaon-122002,
Haryana, India |
|
Date of Birth/Age : |
28.01.1981 |
|
Date of Appointment : |
25.02.2005 |
|
DIN No.: |
00531844 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current designation
of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U40105DL2005PTC133409 |
ALLIED ENERGY SYSTEMS
PRIVATE LIMITED |
Director |
25/02/2005 |
25/02/2005 |
- |
Active |
NO |
|
2 |
U70109DL2006PTC155875 |
ALTECH
INFRASTRUCTURE PRIVATE LIMITED |
Director |
23/11/2006 |
23/11/2006 |
- |
Active |
NO |
|
3 |
U45400DL2007PTC167896 |
ALTECH PROPERTIES
PRIVATE LIMITED |
Director |
07/09/2007 |
07/09/2007 |
- |
Active |
NO |
|
4 |
U74140DL2007PTC171973 |
TECHKNOW
ENVIRONMENTAL AND SUSTAINABLE SOLUTIONS PRIVATE LIMITED |
Director |
28/12/2007 |
28/12/2007 |
16/09/2008 |
Active |
|
|
5 |
U74900DL2009PTC189610 |
SURELAND FIRE
AND SECURITY PRIVATE LIMITED |
Director |
22/04/2009 |
22/04/2009 |
- |
Active |
NO |
|
6 |
U29299DL2010PTC197522 |
TRITECH
INFRASTRUCTURES (INDIA) PRIVATE LIMITED |
Director |
01/01/2010 |
01/01/2010 |
- |
Active |
NO |
|
7 |
U29253DL2010PTC199330 |
FINEHOPE ALLIED
ENGINEERING PRIVATE LIMITED |
Director |
10/09/2010 |
10/09/2010 |
- |
Active |
NO |
|
8 |
U70100DL2010PTC206263 |
ANARKALI
DEVELOPERS PRIVATE LIMITED |
Director |
29/09/2011 |
11/02/2011 |
- |
Active |
NO |
|
9 |
U40102DL2011PTC215061 |
ALLIED SOLAR
PROJECTS PRIVATE LIMITED |
Director |
01/03/2011 |
01/03/2011 |
- |
Active |
NO |
|
10 |
U29200HR2011PTC044071 |
ALLIED
CONSORTIUMS PRIVATE LIMITED |
Director |
12/10/2011 |
12/10/2011 |
- |
Active |
NO |
|
11 |
U45201GJ2011PLC067537 |
INNOVATIVE
INFRAPLUS INDIA LIMITED |
Director |
19/10/2011 |
19/10/2011 |
11/07/2012 |
Active |
NO |
|
12 |
U36101DL2006PTC144855 |
GNT WOOD MARK
PRIVATE LIMITED |
Director |
01/06/2012 |
29/10/2011 |
- |
Active |
NO |
|
13 |
U28112HR2010PTC040160 |
ARVIND PRECISION
ENGINEERS PRIVATE LIMITED |
Director |
24/11/2011 |
24/11/2011 |
- |
Active |
NO |
|
14 |
U37100DL2012PTC244862 |
ALLIED
SUSTAINABLE POWER AND COOLING SOLUTIONS PRIVATE LIMITED |
Director |
14/11/2012 |
14/11/2012 |
- |
Active |
NO |
|
Name : |
Mr. Kasturi Lal Narshimhan |
|
Designation : |
Director |
|
Address : |
C-87, Sector-40, P S Sector-39, Gautam Budh Nagar-201301, Uttar
Pradesh, India |
|
Date of Birth/Age : |
01.01.1953 |
|
Date of Appointment : |
25.02.2005 |
|
DIN No.: |
01846145 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74140DL1993PTC054050 |
FUTECH
PROJECTS (INDIA) PRIVATE LIMITED |
Director |
15/06/1993 |
15/06/1993 |
- |
Active |
NO |
|
2 |
U74899DL1994PTC060341 |
FUTECH
CONSULTANTS PRIVATE LIMITED |
Director |
20/07/1994 |
20/07/1994 |
- |
Active |
NO |
|
3 |
U29197DL1998PTC095737 |
ZEETECH
SYSTEMS PRIVATE LIMITED |
Director |
30/06/2001 |
30/06/2001 |
01/05/2010 |
Active |
NO |
|
4 |
U40105DL2005PTC133409 |
ALLIED
ENERGY SYSTEMS PRIVATE LIMITED |
Director |
25/02/2005 |
25/02/2005 |
- |
Active |
NO |
|
5 |
U70109DL2006PTC155875 |
ALTECH
INFRASTRUCTURE PRIVATE LIMITED |
Director |
23/11/2006 |
23/11/2006 |
30/06/2009 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Amit Kumra |
280000 |
|
Tarun Sachdeva |
280000 |
|
Anil Kumra |
50000 |
|
Indu Mohata |
150000 |
|
TOTAL
|
760000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Machinery and Equipments for
Infrastructural Projects. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
Bankers : |
·
Jammu and Kashmir Bank, Local Shopping Centre, Okhla,
New Delhi-110020, India ·
Bank of Baroda, 296A, RIICO Industrial Area,
Bhiwadi-301019, Rajasthan, India ·
ICICI Bank ·
HDFC Bank ·
ABN Amro Bank ·
HSBC Bank |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
H K Associates Chartered Accountant |
|
Address : |
I-153, G F Ashok Vihar, Phase-I, New Delhi-110052, India |
|
Tel. No.: |
91-11-47081400 / 01/ 02 |
|
Mobile No.: |
91-9810299978 |
|
Fax No.: |
91-11-47081403 |
|
E-Mail : |
|
|
PAN No.: |
AADPA4579P |
|
|
|
|
Related Parties : |
·
Altech Infrastructure (India) Private Limited ·
Allied Energy Systems Private Limited ·
Allied Consortium Private Limited ·
Altech Properties Private Limited ·
Fujian Longking Company Limited ·
Sureland Fire and Security India Private Limited ·
Tritech Infrastructure (India) Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
760000 |
Equity Shares |
Rs.10/- each |
Rs. 7.600
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 |
7.600 |
7.600 |
5.600 |
|
|
2] Share Application Money |
2.400 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
28.775 |
21.824 |
9.014 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
38.775 |
29.424 |
14.614 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
44.654 |
27.349 |
22.240 |
|
|
2] Unsecured Loans |
0.713 |
0.713 |
0.212 |
|
|
TOTAL BORROWING |
45.367 |
28.062 |
22.452 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
84.142 |
57.486 |
37.066 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
7.999 |
8.630 |
7.153 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.540 |
0.540 |
0.500 |
|
|
DEFERREX TAX ASSETS |
0.472 |
0.399 |
0.302 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
31.648
|
21.908 |
5.294 |
|
|
Sundry Debtors |
72.499
|
38.265 |
17.358 |
|
|
Cash & Bank Balances |
27.746
|
26.066 |
0.205 |
|
|
Other Current Assets |
0.005
|
0.007 |
0.000 |
|
|
Loans & Advances |
31.935
|
27.999 |
17.555 |
|
Total
Current Assets |
163.833
|
114.245 |
40.412 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
58.795
|
26.837 |
|
|
|
Other Current Liabilities |
25.772
|
36.848 |
9.109 |
|
|
Provisions |
4.135
|
2.643 |
2.200 |
|
Total
Current Liabilities |
88.702
|
66.328 |
11.309 |
|
|
Net Current Assets |
75.131
|
47.917 |
29.103 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.008 |
|
|
|
|
|
|
|
|
TOTAL |
84.142 |
57.486 |
37.066 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
209.073 [Gross Operating
Income] |
|
|
|
|
|
Other Income |
NA |
|
|
|
|
|
TOTAL |
NA |
137.459 |
100.241 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
130.211 |
94.658 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
7.248 |
5.583 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
4.713 |
2.035 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
6.951 |
2.535 |
3.548 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Services |
15.177 |
13.514 |
27.110 |
|
|
TOTAL EARNINGS |
15.177 |
13.514 |
27.110 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
0.000 |
1.043 |
|
|
TOTAL IMPORTS |
0.000 |
0.000 |
1.043 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.15 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
1.84 |
3.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
80.27 |
74.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.25 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.46
|
3.21 |
2.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.85
|
1.72 |
3.57 |
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) |
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 |
BACKGROUND
Subject is a Company domioled in India and incorporated under the provisions
of the Indian Companies Act 1956. The Company is engaged in the business of
“Manufacturing and Supply of Machinery and Equipments for Infrastructural
Projects. The Company enters to both domestic and International Markets.
FORM 8
|
Corporate
identity number of the company |
U40105DL2005PTC133409 |
|
Name of the
company |
ALLIED ENERGY
SYSTEMS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 293, Ground Floor, Kehar Singh Estate, Saket West End Marg, Saidula Jab, New Delhi-110030, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
80029971 |
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Movable
property (not being pledge) ·
Others |
|
Particular of
charge holder |
Jammu and Kashmir Bank, Local Shopping Centre, Okhla, New
Delhi-110020, India |
|
Nature of
instrument creating charge |
Loan Agreement Dated
20th Day of December 2011 |
|
Date of
instrument Creating the charge |
20.12.2011 |
|
Amount secured by
the charge |
Rs. 100.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest libor based
14.00% Terms of repayment Cash Credit
With Fund Based Limit Of 40.000 Millions And Non Fund Based Limits Of
60.000 Millions As Per The Sanction Letter Dated Margin 25% margin in
form of fixed deposit for the bank guarantee non fund based limits of 60.000
Millions. 50% of debtors
and 25% of stock for the drawing power calculation Extent and operation of the charge The charge
operates as security till the credit facility is cancelled by Jammu and
Kashmir Bank. The cash credit is due for
renewal after 1 year. |
|
Short particulars
of the property charged (Including location of the property) |
Sub Servient
Charge on all Current Assets And Fixed Assets, Including Land and Building,
Plant and Machinery and Other Fixed Assets, of Jammu and Kashmir Bank More
Particularly Described In Detail In Loan Agreement Entered Between Allied
Energy Systems Private Limited and Jammu and Kasmir Bank In Favour of Jammu
and Kashmir Bank. |
|
Date of
instrument modifying the charge |
06.04.2011 |
|
Particulars of
the present modification |
The fund based
limits has been enhanced from 25.000 Millions to 40.000 Millions and the non
fund based limits (bank guarantee) has been enhanced from 50.000 Millions to
60.000 Millions. |
FIXED ASSETS
·
Plot
·
Air Conditioner
·
Furniture
·
Inverter
·
Computer
·
Mobile Phone
·
Fax and Printer
·
Telephone Instruments
·
Machinery Tools
·
Car
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. 54.83 |
|
|
1 |
Rs. 89.22 |
|
Euro |
1 |
Rs. 72.48 |
INFORMATION DETAILS
|
Report Prepared by
: |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
41 |
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.