1. Summary Information
|
Country |
|
||
|
Company Name |
SHEELA FOAM
PRIVATE LIMITED |
Principal Name 1 |
Mr. Rahul Gautam |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Sheela
Gautam |
|
Registration # |
55-005679 |
||
|
Street Address |
C-55, Preet
Vihar, First Floor, Vikas Marg, |
||
|
Established Date |
18.06.1971 |
SIC Code |
-- |
|
Telephone# |
91-11-22467764 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-22220624 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Mattress |
|
|
# of employees |
450
(Approximately) |
Product Name 2 |
Foam Pillow
Covers |
|
Paid up capital |
Rs.
240,952,000/- |
Product Name 3 |
Bed Cushions |
|
Shareholders |
Bodies Corporate 51.42%,
Directors or relatives of directors 42.57%, Other top fifty
shareholders 0.01% |
Banking |
Central Bank of |
|
Public Limited Corp. |
No |
Business Period |
42 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (42) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary
Company |
|
Joyce
Foam Pty Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,819,182,000 |
Current Liabilities |
868,109,000 |
|
Inventories |
426,735,000 |
Long-term Liabilities |
1,051,350,000 |
|
Fixed Assets |
691,299,000 |
Other Liabilities |
551,683,000 |
|
Deferred Assets |
16,539,000 |
Total Liabilities |
2,471,142,000 |
|
Invest& other Assets |
1,277,626,000 |
Retained Earnings |
1,519,287,000 |
|
|
|
Net Worth |
1,760,239,000 |
|
Total Assets |
4,231,381,000 |
Total Liab. & Equity |
4,231,381,000 |
|
Total Assets (Previous Year) |
3,052,020,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
7,758,900,000 |
Net Profit |
267,200,000 |
|
Sales – (Total Income) (Previous yr) |
6,422,300,000 |
Net Profit(Prev.yr) |
202,700,000 |
MIRA INFORM REPORT
|
Report Date : |
02.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHEELA FOAM
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-55, Preet
Vihar, First Floor, Vikas Marg, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation
: |
18.06.1971 |
|
|
|
|
Com. Reg. No.: |
55-005679 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 240.952
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1971PTC005679 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELS21008B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS0189B |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers, Exporter
and Importer of Flexible Polyurethane Foam products such as Mattress, Foam
Pillow Covers, Bed Cushions and Covers.
|
|
|
|
|
No. of Employees
: |
450 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7040000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
The last financial are not available. However, from the previous year record the company appears good. Financially
performed well. Trade relations are reported to be fair. Business is active.
Payments are reported to be usually correct and as per commitments. The company can be considered for normal 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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 |
Cash Credit = A- |
|
Rating Explanation |
Having adequate degree of safety regarding timely servicing of
financial obligation. It carry low credit risk. |
|
Date |
14 December 2012 |
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. Divay Tyagi |
|
Designation : |
Financial Executive |
|
Contact No.: |
91-120-4162200 |
|
Date : |
28.06.2013 |
LOCATIONS
|
Registered
Office : |
C-55, Preet
Vihar, First Floor, Vikas Marg, |
|
Tel. No.: |
91-11-22467764/22222722 |
|
Fax No.: |
91-11-22220624 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate
Office : |
Plot No. 37/2,
Site IV, Sahibabad Industrial Area, District |
|
Tel. No.: |
91-120-2770045/2770087/2775425/2770539/
2770087/120-4162200/4512260 |
|
Fax No.: |
91-120-2770366/2775427/120-4162282/4162283 |
|
E-Mail : |
|
|
|
|
|
Factory : |
·
Sahibabad,
·
Plot
No. 51 – A, Udyog Vihar, Greater Noida, District Gautam Budh Nagar, Noida –
201306, ·
Sarajpur,
·
·
Plot
No. 37/2, Site IV, Sahibabad Industrial Area, District Ghaziabad-201010, Tel. No. 91-120-270045/2770087/2775425 Fax No. 91-120-2770366/2775427 ·
Survey
No. 261/1/2/3, Saily ·
·
·
A-10,
Sector 8, Noida – 201,301, District Gautam Budh Nagar, ·
·
Plot
No. 102/1, |
DIRECTORS
As on 29.09.2012
|
Name : |
Mrs. Sheela Gautam |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Chairman |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
D – 2, Diwanshree Apartment, 30, |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.11.1931 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.06.1971 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00117059 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rahul Gautam |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
D – 2, Diwanshree Apartment, 30, |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.11.1952 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Tech. M.S. (Chemical
Engineering) MS ( |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.1996 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00192999
|
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|
Other Directorship:
|
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|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Namita Gautam |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
D – 2, Diwanshree Apartment, 30, |
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Date of Birth/Age : |
17.07.1953 |
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|
Qualification : |
Post Graduate in Law |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.11.2003 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00190463
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
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|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Tushaar Gautam |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
603 Ashadeep – 9, |
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|
Date of Birth/Age : |
21.05.1978 |
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Qualification : |
B.Sc, |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2007 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
01646487
|
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Other Directorship:
|
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|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ravindra Kumar Sharma |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
289 – A, Road No. 12, MLA Colony, Banjara Hills - 500034, Hyderabad,
India |
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Date of Birth/Age : |
03.01.1957 |
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Qualification : |
Post Graduate in Economics with Law Degree |
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Date of Appointment : |
14.11.2003 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00235687
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|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rakesh Chahar |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Address : |
12 -7, Nehru Enclave, Kalkaji Extension, |
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Date of Birth/Age : |
15.12.1964 |
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Qualification : |
Graduate in Commerce from |
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Date of Appointment : |
14.11.2003 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00180587
|
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KEY EXECUTIVES
|
Name : |
|
|
Designation : |
Secretary |
|
Address : |
25 – A, Gaffor
Nagar, Jamia Nagar, |
|
Date of Birth
: |
20.05.1975 |
|
Date of
Appointment : |
17.11.2008 |
|
PAN No.: |
ALRPA0540K |
|
|
|
|
Name : |
Mr. Ravinder Singh |
|
Designation : |
Manager |
|
Address : |
141, Sitaram Apartment, 102, I P Extension New Delhi-110092, |
|
Date of Birth/Age : |
30.03.1963 |
|
Date of Appointment : |
09.05.2005 |
|
PAN No.: |
AIDPS0199R |
MAJOR SHAREHOLDERS
As on 29.09.2012
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Sheela Gautam and
Tushaar Gautam |
5853960 |
35.4156% |
|
Rahul Gautam |
3293640 |
19.9260% |
|
Namita Gautam |
1893480 |
11.4553% |
|
Tushaar Gautam |
662640 |
4.0089% |
|
Polyflex
Marketing Private Limited, |
4492712 |
27.1802% |
|
Starlite India
Private Limited, |
331700 |
2.0067% |
|
|
1 |
0.000% |
|
Versha H. Patel |
1200 |
0.0073% |
|
Kalpna Shrish
Amin |
1 |
0.000% |
|
Shobha Jagdish
Amin |
1 |
0.000% |
|
Uma Gautam |
1 |
0.000% |
|
Mala Tandon |
1 |
0.000% |
|
Rohini Chaudhry |
1 |
0.000% |
|
Jagdish Bhai D
Amin |
1 |
0.000% |
|
Asha Sharma |
1 |
0.000% |
|
TOTAL
|
16529340 |
100.000% |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
29.19 |
|
Directors or relatives of Directors |
70.80 |
|
Other top fifty shareholders |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers,
Exporter and Importer of Flexible Polyurethane Foam products such as
Mattress, Foam Pillow Covers, Bed Cushions and Covers. |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Exports : |
|
||||||||
|
Products : |
Flexible Polyurethane
Foam products |
||||||||
|
Countries : |
|
||||||||
|
|
|
||||||||
|
Imports : |
|
||||||||
|
Products : |
Chemicals |
||||||||
|
Countries : |
|
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Credit (30 Days) |
||||||||
|
|
|
||||||||
|
Purchasing : |
Credit (60 Days) |
GENERAL INFORMATION
|
Customers : |
Others (Distributors) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
450 (Approximately) |
|||||||||||||||||||||
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|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
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|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gupta and Gupta Chartered
Accountants |
|
Address : |
4/8, |
|
Tel. No.: |
91-11-23279527/23276456 |
|
Fax No.: |
91-11-23280660 |
|
PAN No.: |
AAAFG2405F |
|
|
|
|
Subsidiaries : |
Auora Foam Private Limited CIN No.:- U25209DL2000PTC108174 Kanpav Overseas Private Limited CIN No.:- U51909DL1998PTC092164 Serta ( CIN No.:- U17214DL1997PTC088132
|
|
|
|
|
Associates : |
Sheela Woodbridge Urethanes Private Limited CIN No.:- U25206DL2006PTC152496 SNB Bedding International Private Limited CIN No.:- U25191DL2008PTC185158 |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30500000 |
Equity Shares |
Rs. 10/- each |
Rs. 305.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16529340 |
Equity Shares |
Rs. 10/- each |
Rs. 165.293 Millions |
As On 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs. 10/- each |
Rs. 300.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24095200 |
Equity Shares |
Rs. 10/-
each |
Rs. 240.952
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 |
240.952 |
240.952 |
240.952 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1519.287 |
1252.084 |
989.416 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1760.239 |
1493.036 |
1230.368 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
853.312 |
234.399 |
239.796 |
|
|
2] Unsecured Loans |
198.038 |
182.079 |
97.977 |
|
|
TOTAL BORROWING |
1051.350 |
416.478 |
337.773 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2811.589 |
1909.514 |
1568.141 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
691.299 |
517.928 |
547.223 |
|
|
Capital work-in-progress |
412.703 |
101.128 |
16.764 |
|
|
|
|
|
|
|
Preoperative Expenses
(pending for allocation)
|
0.000 |
0.000 |
1.666 |
|
|
INVESTMENT |
864.525 |
785.281 |
232.146 |
|
|
DEFERREX TAX ASSETS |
16.539 |
18.447 |
14.234 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
426.735
|
261.667 |
238.939 |
|
|
Sundry Debtors |
777.829
|
742.289 |
777.220 |
|
|
Cash & Bank Balances |
253.322
|
34.409 |
21.322 |
|
|
Other Current Assets |
14.537
|
576.540 |
16.170 |
|
|
Loans & Advances |
773.494
|
14.331 |
428.749 |
|
Total
Current Assets |
2245.917
|
1629.236 |
1482.400 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
98.344
|
597.260 |
387.172 |
|
|
Other Current Liabilities |
769.765
|
172.613 |
79.752 |
|
|
Provisions |
551.683
|
372.633 |
260.141 |
|
Total
Current Liabilities |
1419.792
|
1142.506 |
727.065 |
|
|
Net Current Assets |
826.125
|
486.730 |
755.335 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.398 |
0.000 |
0.773 |
|
|
|
|
|
|
|
|
TOTAL |
2811.589 |
1909.514 |
1568.141 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|||||
|
|
SALES |
|
|
|
|||||
|
|
|
Income |
7758.900 |
6422.300 |
5310.500 |
||||
|
|
|
Other Income |
59.100 |
|
|
||||
|
|
|
TOTAL (A) |
7818.000 |
6422.300 |
5310.500 |
||||
|
|
|
|
|
|
|||||
|
Less |
EXPENSES |
|
|
|
|||||
|
|
|
Office Expenses |
|
|
4894.900 |
||||
|
|
|
Administrative Expenses |
|
|
|
||||
|
|
|
Advertising Expenses |
|
|
|
||||
|
|
|
TOTAL (B) |
7258.400 |
5947.900 |
4894.900 |
||||
|
|
|
|
|
|
|||||
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
559.600 |
474.400 |
415.600 |
|||||
|
|
|
|
|
|
|||||
|
Less |
FINANCIAL
EXPENSES (D) |
68.500 |
18.000 |
41.300 |
|||||
|
|
|
|
|
|
|||||
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
491.100 |
456.400 |
374.300 |
|||||
|
|
|
|
|
|
|||||
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
69.000 |
59.800 |
69.900 |
|||||
|
|
|
|
|
|
|||||
|
|
PROFIT / (LOSS) BEFORE
TAX (E-F) (G) |
422.100 |
396.600 |
304.400 |
|||||
|
|
|
|
|
|
|||||
|
Less |
TAX (H) |
154.900 |
193.900 |
102.700 |
|||||
|
|
|
|
|
|
|||||
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
267.200 |
202.700 |
201.700 |
|||||
|
|
|
|
|
|
|||||
|
Less |
APPROPRIATIONS |
|
|
|
|||||
|
|
|
Transfer to General Reserve |
100.000 |
100.000 |
100.000 |
||||
|
|
BALANCE CARRIED
TO THE B/S |
167.200 |
162.700 |
101.700 |
|||||
|
|
|
|
|
|
|||||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|||||
|
|
|
Export of FOB |
NA |
106.974 |
82.547 |
||||
|
|
|
Export of FOB of |
NA |
31.699 |
28.211 |
||||
|
|
|
Management Fees Received |
NA |
2.416 |
2.139 |
||||
|
|
TOTAL EARNINGS |
NA |
141.089 |
112.897 |
|||||
|
|
|
|
|
|
|||||
|
|
IMPORTS |
|
|
|
|||||
|
|
|
Raw Materials |
NA |
912.384 |
611.225 |
||||
|
|
|
Stores, packing Material Spare Parts and Components |
NA |
12.681 |
3.571 |
||||
|
|
|
Capital Goods |
NA |
27.124 |
53.301 |
||||
|
|
TOTAL IMPORTS |
NA |
952.189 |
668.097 |
|||||
|
|
|
|
|
|
|||||
|
|
Earnings Per
Share (Rs.) |
11.09 |
8.41 |
8.31 |
|||||
|
Particulars |
|
31.03.2013 |
31.03.2012 |
|
|||||
|
Sales Turnover (Approximately) |
|
9960.000 |
3570.000 |
|
|||||
Expected Sales (2013-2014): Rs. 12000.000 Millions
The above information has been parted by Mr. Divay Tyagi (Finance
Executive).
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.42
|
3.16 |
3.80 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.44
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.29
|
18.47 |
15.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.27 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.59
|
0.28 |
2.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.58
|
1.43 |
2.04 |
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 |
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 |
Yes |
|
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 |
|
Unsecured Loan |
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.2010 |
|
Rupee term loans
unsecured |
|
|
|
Rupee term loans banks unsecured |
0.000 |
100.000 |
|
Foreign currency
loans unsecured |
|
|
|
Foreign currency loans banks unsecured |
100.000 |
0.000 |
|
Loans directors unsecured |
12.651 |
13.211 |
|
Fixed deposits unsecured |
14.142 |
10.921 |
|
Deposits related parties unsecured |
30.561 |
12.661 |
|
Deferred sales tax loan unsecured |
40.684 |
45.286 |
|
|
|
|
|
TOTAL |
198.038 |
182.079 |
FINANCIALS
Sales including
other income for the year 2010-11 was Rs. 7818.000 Millions registering a growth
of 21.46% over last year sale including other income of Rs. 6436.600 Millions.
This growth was attributable to the continued dynamism of the Indian economy
resulting in high consumer confidence, favourable demography of our primary
market – India, the unique position Sheela and its brand Sleepwell occupy in
the consumer’s mind space and commitment exhibited by the company’s employees
and business associates.
The company
achieved an export turnover of Rs 133.800 Millions during the year and was able
to maintain the previous year level inspite of tough competition in overseas
market. The export market caters to countries like UAE,
Profit before tax for the current year was Rs 422.100 Millions while
profit after tax Rs 267.200 Millions.
Flexi Polyurethane
Foam production witnessed upward trend of 12.67% over last year. As against
24,661 tons in previous year, the company produced 27,786 tons in current year
2010-11. Today PU Foam is produced at four different locations ie. in Greater
Noida ( North Zone), Silvassa (West Zone) ,
Over 40 years of
its inception, Sleepwell has blossomed into a trusted brand in consumer
segment. This year witnessed expansion of the company retail network with
opening of exclusives franchisee stores under style Sleepwell World and
Sleepwell Gallery. As on 31st March 2011 the company has total of
around 100 Stores established during the year, delivering a retail turnover in
excess of Rs. 600.000 Millions. The marketing of Sleepwell and Industrial
products is channelized through 75 distributors and 4000 dealers spread across
the country.
There has been an
all around good performance of the Company. This along with various measures
undertaken by the management has resulted in substantial improvement in the net
worth of the Company. Consistent quality, innovative products and practices,
excellent serviceability and best prices are the foundations on which Sheela
Foam has built a reputation for itself.
FUTURE OUTLOOK
The successful
expansion of exclusive stores network has reinforced Sleepwell position as
India’s most trusted brand in mattress and related consumer foam products like
pillows, cushions, sofa ‘n’ bed, to name a few . The company is positioning in retail
marketing through exclusive and branded franchisee stores that sell variety of
Sleepwell products under one roof. Opening of Sleepwell World, Gallery and
Shoppe formats all across the country will revolutionize the foam products
marketing in
Technical foam, a
relatively new segment in Industrial Foam category, has specific usage and
imported in
The step towards
Research and Development activity encouraged the company to develop new foam
applications with lesser cost and enhanced quality. The Company shall continue
its emphasis on R and D activity in future and endeavour to introduce new and
economical price products that give increased usage of foam substituting
alternative materials like cotton. Company’s participation in PU Tech in
FORM 8
|
Corporate
identity number of the company |
U74899DL1971PTC005679 |
|
Name of the
company |
SHEELA FOAM
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
C-55, Preet Vihar, First Floor, Vikas Marg, E-Mail : ravinder.singh@sheelafoam.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
|
|
Particular of
charge holder |
The Hongkong and Shanghai Banking Corporation Limited, |
|
Nature of
instrument creating charge |
Hypothecation
Deed for Plant and Machinery dated 20 July 2012 |
|
Date of
instrument Creating the charge |
20.07.2012 |
|
Amount secured by
the charge |
Rs. 50.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest shall be
payable by the company on the banking facilities as per banks tariff, subject
however that the bank shall have the right to change the rate of interest
after giving notice to the Terms of repayment In Consideration
of Banking facilities sanctioned/to be sanctioned by the bank to the company,
the company has charged to the bank by way of First Pari Passu charge on all
movable fixed assets including movable plant and machinery both present and
future of the company as mentioned in Deed of Hypothecation to secure the
repayments of the advances together with interest cost and all other charges. Margin The Company shall
maintain such margin as may be specified by the bank from time to time. Extent and operation of the charge In case the
Company fails to fulfill its obligation under the Hypothecation Agreement,
the Bank shall be entitled to take possession of the hypothecated assets and
sell them by public auction or private contract and utilize the proceeds in
full or part settlement of its claims |
|
Short particulars
of the property charged (Including location of the property) |
First pari passu charge
on whole of the movable properties of the Borrower including its movable
fixed assets, plant and machinery, machinery spares, tools and accessories,
both present and future. |
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Material Handling Equipment
- Packing Machine
- Tools and Equipments
- Electrical Equipments
- Storage and Pipelines
- Fire Preventive Equipments
- Laboratory Equipments
- Pollution Control Equipments
- Moulds and Dies
- Electrical Fittings
- Furniture and Fixtures
- Office Equipments
- Communication Equipments
- IT Equipments
- Vehicles
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 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] 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. 59.15 |
|
|
1 |
Rs. 90.05 |
|
Euro |
1 |
Rs. 77.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
PVL |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.