|
Report Date : |
05.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
METAFAB ENGINEERS ( |
|
|
|
|
Registered
Office : |
Plot No.299, Sector – 24, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
27.03.2002 |
|
|
|
|
Com. Reg. No.: |
05-034847 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.14.100 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140HR2002PTC034847 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKM02421G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCG8006F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Garage Equipments and accessories. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 98000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The
reserve of the company seems to be insufficient. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some caution. Profit and loss account for the year 2011 is not available. |
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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Rajani Gusain |
|
Designation : |
Marketing Department |
|
Contact No.: |
91-9350186981 |
|
Date : |
04.01.2013 |
LOCATIONS
|
Registered Office : |
Plot No.299, Sector – 24, |
|
Tel. No.: |
91-129-4026897/ 2238211/ 4027897/ 2234410/ 4189444 |
|
Mobile No.: |
91-9810700890 (Mr. Amit Chopra) 91-9350186981 (Ms. Rajani Gusain) |
|
Fax No.: |
91-129-4027897/ 2239211/ 2230276 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
4500 sq ft |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
70/ 71/ 72, Mushajer, Sector - 24, |
|
Area : |
1500 sq ft |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Plot No.318, Sector – 24, |
|
Area : |
5000 sq ft |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Chand Narayan Chopra |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
House No.2285, Sector – 09, |
|
Date of Birth/ Age : |
06.01.1949 |
|
Qualification : |
B. E., Mechanical |
|
Date of Appointment : |
27.03.2002 |
|
DIN No.: |
00370225 |
|
|
|
|
Name : |
Mr. Amit Chopra |
|
Designation : |
Director |
|
Address : |
House No.2285, Sector – 09, |
|
Date of Birth/ Age : |
28.12.1977 |
|
Qualification : |
Architecture |
|
Date of Appointment : |
05.03.2004 |
|
DIN No.: |
01017209 |
|
|
|
|
Name : |
Mr. Sumit Chopra |
|
Designation : |
Director |
|
Address : |
House No.2285, Sector – 09, |
|
Date of Birth/ Age : |
30.09.1980 |
|
Qualification : |
Cardiologist |
|
Date of Appointment : |
05.03.2004 |
|
DIN No.: |
02474576 |
KEY EXECUTIVES
|
Name : |
Ms. Rajani Gusain |
|
Designation : |
Marketing Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Chand Narayan Chopra |
|
90000 |
|
Prem Nath Wadhwa |
|
600 |
|
Dharam Prakash Chopra |
|
600 |
|
Suman |
|
600 |
|
Sunita Agarwal |
|
600 |
|
Vineeta Kaur |
|
600 |
|
Amit Chopra |
|
12000 |
|
Sumit Chopra |
|
12000 |
|
Neena Chopra |
|
12000 |
|
Puja Chopra |
|
12000 |
|
Total
|
|
141000 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Garage Equipments and accessories. |
|
|
|
|
Products : |
v
Pneumatic Hanger v
Hydro Electric Ramps v
Engine Working Station v
Engine Jig v
Handle Bar, Front Shocker and Stem Checking Gauge v
Wheel Rim Truing Fixture v
Tools Trolley v
Tool Board v
Component Hanger v
Air Filter Cleaning Trolley v
Automatic Waste Oil Disposer v
v
Air Drying Unit v
Auto Controlled High Pressure Bike Washer v
Multi Jet Washer v
Digital Meter v
Safety Covers v
Special Service Tools v
Special Service Tool Kit v
Precision Sheet Metal Component |
|
|
|
|
Exports : |
|
|
Products : |
v
Pneumatic Hanger v
Hydro Electric Ramps v
Engine Working Station v
Engine Jig v
Handle Bar, Front Shocker and Stem Checking Gauge v
Wheel Rim Truing Fixture v
Tools Trolley v
Tool Board v
Component Hanger v
Air Filter Cleaning Trolley v
Automatic Waste Oil Disposer v
v
Air Drying Unit v
Auto Controlled High Pressure Bike Washer v
Multi Jet Washer v
Digital Meter v
Safety Covers v
Special Service Tools v
Special Service Tool Kit v
Precision Sheet Metal Component |
|
Countries : |
v
v
v
v
|
|
|
|
|
Imports : |
|
|
Products : |
v
Finished Goods |
|
Countries : |
v
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
200 (Approximately) |
|
|
|
|
Bankers : |
v
Bank
of v
Standard
Chartered Bank, v
Indian Overseas Bank, 1-C/47-48, N.I.T., v
HDFC
Bank Limited, v
Citi
Bank NA, v
Corporation
Bank, 1G/47 BP, NIT, |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sanjay S. Gupta and Associates Chartered Accountants |
|
Address : |
H.No.1915, Sector – 16, |
|
Income-tax
PAN of auditor or auditor's firm : |
AEEPG6487R |
|
|
|
|
Memberships : |
FSIA, SSI, ISO-9001:2000 |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150000 |
Equity Shares |
Rs.100/- each |
Rs.15.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
141000 |
Equity Shares |
Rs.100/- each |
Rs.14.100 millions |
|
|
|
|
|
Include Bonus Shares of 117500 @ of Rs.10/- each.
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 |
14.100 |
2.350 |
2.350 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
10.334 |
17.629 |
13.579 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
24.434 |
19.979 |
15.929 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
51.523 |
38.149 |
36.311 |
|
|
2] Unsecured Loans |
16.309 |
0.044 |
0.400 |
|
|
TOTAL BORROWING |
67.832 |
38.193 |
36.711 |
|
|
DEFERRED TAX LIABILITIES |
0.358 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
92.624 |
58.172 |
52.640 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
21.728 |
19.564 |
16.698 |
|
|
Capital work-in-progress |
0.998 |
0.123 |
0.088 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.022 |
0.412 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
17.968
|
14.080
|
16.799
|
|
|
Sundry Debtors |
79.216
|
62.436
|
44.259
|
|
|
Cash & Bank Balances |
0.875
|
2.936
|
3.154
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
12.431
|
3.070
|
2.713
|
|
Total
Current Assets |
110.490 |
82.522 |
66.925 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
35.805
|
39.461
|
27.895
|
|
|
Other Current Liabilities & Provisions |
4.787
|
4.598
|
3.589
|
|
Total
Current Liabilities |
40.592
|
44.059
|
31.483
|
|
|
Net Current Assets |
69.898
|
38.463
|
35.442
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
92.624 |
58.172 |
52.640 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
|
177.810 |
114.487 |
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
4.438 |
1.124 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.44
|
4.12
|
4.28
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.72
|
1.87
|
2.13
|
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last two years |
Yes |
|
12) Profitability for last two 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 |
Yes |
|
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 |
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 |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U74140HR2002PTC034847 |
|
Name of the
company |
METAFAB ENGINEERS ( |
|
Address of the
registered office or of the principal place of business in |
Plot No.299, Sector – 24, E-Mail: metafabindia@gmail.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10323744 |
|
Type of charge |
Immovable
Property Book Debts Movable Property
(not being pledge) Floating Charge |
|
Particular of
charge holder |
Indian Overseas Bank, 1-C/47-48, N.I.T., E-Mail: faridbr@chasco.iobnet.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Confirmation
Letter F 379 B. |
|
Date of
instrument Creating the charge |
17.12.2011 |
|
Amount secured by
the charge |
Rs.119.500 millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest on CC is
@ Base Rate of the bank + 2.50% p.a. with monthly rests. Interest on term loan
@ Base Rate of the bank + 2.75% p.a. with monthly rests. Terms of
Repayment: CC is repayable
on demand. Term Loan is repayable in 77 monthly installments starting from
30.11.2011. First 76 installments will be of Rs.0.349 million each. Last
installment will be of Rs.0.276 million. Margin: Margin on Stocks
@ 25% and on book debts @ 40%. Margin on Plant and Machinery @ 25%. Extent and
Operation of the charge: Hypothecation of
Stocks, Book Debts, Plant and Machinery, all current and fixed assets and Equitable
Mortgage of property situated at Plot No 318, Sector-24, Faridabad, is to
secure credit facilities of Rs.119.500 millions sanctioned to the Company
detailed as under: Amount Cash Credit Rs. 92.700 millions Term Loan Rs. 26.800 millions |
|
Short particulars
of the property charged |
Hypothecation of
Stocks, Book Debts, Plant and Machinery and all current and fixed assets both
present and future. Equitable
Mortgage of property situated at Plot No. 318, Sector-24, |
|
Particulars of
the present modification |
Equitable
Mortgage of property situated at Plot No.318, Sector-24, |
FIXED ASSETS:
v Land and Building
v Land
v Plant and Machinery
v Dies and Tools
v Electrical Installation
v Generator
v Vehicles
v Cycle
v Car
v Motor Cycle
v Furniture and Fixture
v Office Equipment
v 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.54.85 |
|
|
1 |
Rs.88.16 |
|
Euro |
1 |
Rs.71.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
32 |
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.