|
Report Date : |
30.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
DEEPTI AIR SYSTEMS AND FABRICATORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Laxmi Industrial Estate, Marol Naka, Andheri (East), Mumbai – 400 059,
|
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Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.03.1988 |
|
|
|
|
Com. Reg. No.: |
11-046769 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29100MH1988PTC046769 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD11251C |
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|
|
PAN No.: [Permanent Account No.] |
AAACD4491P |
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Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer and Exporter of Air Pollution Control Equipments. |
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|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 6000 |
|
|
|
|
Status : |
Small Company |
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|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a small company in its field. It’s scale of activities are limited.
However, the latest financials of the company are not made available. Mr.
Gautam R. Dubey, Director has provided all information but the financials are
not verified. Trade relations are reported as fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for small to mediocre business with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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
|
Name : |
Mr. Gautam Dubey |
|
Designation : |
Director |
|
Contact No.: |
91-9867392998 |
|
Date : |
28.01.2013 |
LOCATIONS
|
Registered Office : |
Laxmi Industrial Estate, Marol Naka, Andheri (East), Mumbai – 400 059,
Maharashtra, India |
|
Tel. No.: |
91-22-28505267 |
|
Mobile No.: |
91-9867392998 (Mr. Gautam Dubey) |
|
Fax No.: |
91-22-28501514 |
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E-Mail : |
|
|
Website : |
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|
Area : |
1000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Located at: ·
Asangaon |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Raghubansh Rampalat Dubey |
|
Designation : |
Director |
|
Address : |
B-11, Ankur Co-Operative Housing Society Limited, Behind Mukund Nagar,
Andheri-Kurla Road, Andheri (East), Mumbai – 400 059, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1951 |
|
Date of Appointment : |
28.03.1988 |
|
DIN No.: |
00386192 |
|
|
|
|
Name : |
Mrs. Maya Raghubansh Dubey |
|
Designation : |
Director |
|
Address : |
B-11, Ankur Co-Operative Housing Society Limited, Behind Mukund Nagar,
Andheri-Kurla Road, Andheri (East), Mumbai – 400 059, Maharashtra, India |
|
Date of Birth/Age : |
15.04.1959 |
|
Date of Appointment : |
28.03.1988 |
|
DIN No.: |
00386287 |
|
|
|
|
Name : |
Mr. Gautam Raghubansh Dubey |
|
Designation : |
Director |
|
Address : |
B-11, Ankur Co-Operative Housing Society Limited, Behind Mukund Nagar,
Andheri-Kurla Road, Andheri (East), Mumbai – 400 059, Maharashtra, India |
|
Date of Birth/Age : |
08.12.1984 |
|
Date of Appointment : |
01.10.2009 |
|
DIN No.: |
02194364 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Gautam Raghubansh Dubey |
|
240 |
|
Raghubansh Rampalat Dubey |
|
430 |
|
Maya Raghubansh Dubey |
|
200 |
|
Prabha Raghubansh Dubey |
|
120 |
|
Deepti Raghubansh Dubey |
|
10 |
|
|
|
|
|
TOTAL |
|
1000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Air Pollution Control Equipments. |
|
|
|
|
Products : |
·
Centrifugal
Blower ·
Turbine
Blower ·
Rotary
Positive Blower ·
Axial
Flow Fan ·
Dust
Collector ·
Ducting
for Ventilation ·
Scrubbers-(Micro
Fog) ·
Combustion
Blowers ·
Pressure
Vessels ·
Dynamic
Balancing ·
Air
Curtains ·
Bag
Filters ·
Industrial
Exhaust ·
System
Engineering for Dust and Fume Extraction ·
Air
Pollution Control Equipment ·
Ventilation
System ·
Air
System for Fume Extraction |
|
|
|
|
Exports : |
|
|
Products : |
Air Pollution Control Equipments. |
|
Countries : |
·
Middle East ·
Greece |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit |
|
|
|
|
Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Bharat Trading Company ·
Delta Metals ·
Heat on Furance Inc. ·
Mould N Cast ·
Par Filters Private Limited ·
Prince Fabricators ·
Reliable Marketing ·
Roshan Industries ·
S M Traders ·
Star Electro ·
Trinity Corporation ·
Western Metal Industries ·
Unity Steel Traders ·
Hanuman Iron and Steel |
||||||||||||
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|
|
||||||||||||
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Customers : |
End Users ·
Gurudev Icecan Refrigeration Private Limited ·
Hamco Mining and Smelting Limited ·
Hi-Tech Equipment and System ·
J.S.W. Steel Limited ·
Neotech Energy System Private Limited ·
Raulimex Industries ·
Parikh Enterprises ·
Uttam Galva Steels Limited |
||||||||||||
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|
||||||||||||
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No. of Employees : |
15 (Approximately) |
||||||||||||
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|
||||||||||||
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Bankers : |
·
Oriental Bank of Commerce, Andheri (West) Branch,
G 1 and G 2, Bharat Apartment, 9 C. D. Barfiwala Marg, Andheri (West), Mumbai
– 400 058, Maharashtra, India ·
Bank of Baroda, Gowalia Tank Branch |
||||||||||||
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|
||||||||||||
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Facilities : |
Cash Credit: Rs. 2.000 millions
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R.V. Doshi and Company Chartered Accountants |
|
Address : |
Jay Chambers, Nanda Patker Road, Vile Parle (East), Mumbai - 400057, Maharashtra,
India |
|
Tel. No.: |
91-22-26125994 |
|
PAN No.: |
AABPD2753Q |
CAPITAL STRUCTURE
As on 28.09.2012
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs. 100/- each |
Rs. 0.100 million |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs. 100/- each |
Rs. 0.100 million |
|
|
|
|
|
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.751 |
0.751 |
0.751 |
|
|
3] Reserves & Surplus |
0.848 |
1.293 |
1.124 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.699 |
2.144 |
1.975 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.501 |
1.929 |
2.493 |
|
|
2] Unsecured Loans |
0.864 |
0.841 |
0.764 |
|
|
TOTAL BORROWING |
2.365 |
2.770 |
3.257 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.064 |
4.914 |
5.232 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.713 |
1.764 |
1.930 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
3.057
|
2.566 |
|
|
Sundry Debtors |
0.000
|
0.505
|
1.104 |
|
|
Cash & Bank Balances |
0.000
|
0.024
|
0.213 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
5.281
|
1.761
|
1.693 |
|
Total
Current Assets |
5.281
|
5.347
|
5.576 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
1.929
|
2.061 |
|
|
Other Current Liabilities |
0.000
|
0.268
|
0.213 |
|
|
Provisions |
2.929
|
0.000
|
0.000 |
|
Total
Current Liabilities |
2.929
|
2.197
|
2.274 |
|
|
Net Current Assets |
2.351
|
3.150
|
3.302 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.064 |
4.914 |
5.232 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
Sales Turnover
(Approximately) |
6.800 |
6.000 |
NA |
|
|
|
|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
0.211 |
NA |
NA |
|
|
|
|
|
|
|
Less |
TAX |
0.656 |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(0.445) |
0.169 |
0.148 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.293 |
1.124 |
0.976 |
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.848 |
1.293 |
1.124 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(445.00) |
169.00 |
148.00 |
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
8.200 |
|
|
|
|
|
Expected Sales ( 2012-13 ) : Rs. 11.200 millions
The above information has been parted by Mr. Gautam Dubey.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.02
|
NA |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
12.42
|
NA |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.39
|
1.29 |
1.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.80
|
2.43 |
2.45 |
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 |
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
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
---- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
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 |
FINANCIAL RESULTS:
During the year, the company has earned Net
Profit of Rs. 0.211 million. The company has made provision for Income Tax for
earlier years of Rs. 0.588 millions and Rs. 0.068 million for the year ended on
31.03.2011 which has been already paid and has been adjusted against above
provisions. After provision there is a negative balance of Rs. 0.445 million
this has been adjusted with brought forward profit and Loss a/c of Rs, 1.293
millions and net credit balance of Rs. 0.848 million has been transferred to balance
sheet.
FIXED ASSETS:
·
Building
·
Cellular Phone
·
Computer
·
EPABX
·
Electric Installation
·
Fax Machine
·
Furniture and Fixture
·
Factory and Building
·
Machinery
·
Motor Car
·
Pager
·
Tools and Equipment
·
Printer
·
Laptop
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.53.70 |
|
|
1 |
Rs.84.35 |
|
Euro |
1 |
Rs.72.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NID |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--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 |
|
31 |
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.