|
Report Date : |
16.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
P.M. IMPEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2473/13, Govardhan Bihari Colony, Shahdra, New Delhi – 110032 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
07.01.2008 |
|
|
|
|
Com. Reg. No.: |
55-172318 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109DL2008PTC172318 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pre Engineered Building Systems Metlex Clip Cook
Roofing etc. |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (13) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Recently commenced its business activity |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Eventhough the company was incorporated during January 7, 2008, it has
recently commenced its commercial activities. Mr. Anuj, Marketing Head provided general information and confirmed that
the company has started its business operations during June 2012. External
borrowings appear to be huge during 2011. Trade relations are improving.
Business is active. Payment terms are unknown. The company can be considered for business dealings on a safe and
secured 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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. Anuj |
|
Designation : |
Marketing Head |
|
Contact No.: |
91-9871116474 |
|
Date : |
29.06.2013 |
LOCATIONS
|
Registered Office : |
2473/13, Govardhan Bihari Colony, Shahdra, New Delhi – 110032, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9871116474 (Mr. Anuj) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Plot 57, Mahila Udyami Park-I, Ecotech-III, Greater Noida – 201308,
Uttar Pradesh, India |
|
Tel. No.: |
91-120-2351430 |
|
Fax No.: |
91-120-2351429 |
|
|
|
|
Factory : |
17 – B, Mahila Udyami Park-I, Ecotech-III, Greater Noida – 201308,
Uttar Pradesh, India |
DIRECTORS
As on: 18.05.2011
|
Name : |
Mr. Mahesh Kumar Aggarwal |
|
Designation : |
Director |
|
Address : |
E – 100, Sector – 9, G. B. Ngar, Noida – 201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
19.09.1964 |
|
Date of Appointment : |
07.01.2008 |
|
DIN No.: |
01511764 |
|
|
|
|
Name : |
Mr. Prashant Aggarwal |
|
Designation : |
Director |
|
Address : |
28 B, Bharat Nagar, New Friends Colony, New Delhi – 110065, India |
|
Date of Birth/Age : |
19.07.1988 |
|
Date of Appointment : |
07.01.2008 |
|
DIN No.: |
01511760 |
KEY EXECUTIVES
|
Name : |
Mr. Anuj |
|
Designation : |
Marketing Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 18.05.2011
|
Names of Shareholders |
|
No. of Shares |
|
Mahesh Kumar Aggarwal |
|
5000 |
|
Prashant Aggarwal |
|
5000 |
|
Total |
|
10000 |
Equity Share Break up (Percentage of Total Equity)
As on: 18.05.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pre Engineered Building Systems Metlex Clip Cook
Roofing etc. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30/ 60 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30/ 60 days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|
|
|
|
No. of Employees : |
60 (Approximately) |
|
|
|
|
Bankers : |
Punjab and Sind Bank, B – 2C, Sector – 18, Noida - 201301, Uttar
Pradesh, India |
|
|
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Arvinder Kumar Gupta and Company Chartered Accountants |
|
Address : |
Z-331A, Sector-12, Noida – 201301, Uttar Pradesh, India |
|
PAN No.: |
AANPG6492K |
CAPITAL STRUCTURE
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- 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 |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.100 |
0.100 |
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
2.340 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
2.340 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.440 |
0.100 |
0.100 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.373 |
0.000 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000 |
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000 |
0.000 |
0.000 |
|
|
Cash & Bank Balances |
0.046
|
0.082 |
0.086 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
0.046
|
0.082 |
0.086 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000 |
0.000 |
0.000 |
|
|
Other Current Liabilities |
0.003
|
0.003 |
0.003 |
|
|
Provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities |
0.003
|
0.003 |
0.003 |
|
|
Net Current Assets |
0.043
|
0.079 |
0.083 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.024 |
0.021 |
0.017 |
|
|
|
|
|
|
|
|
TOTAL |
2.440 |
0.100 |
0.100 |
|
Expected Sales (2013-14) : Rs.220.000 Millions
The above information has been parted by Mr. Anuj.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
23.40
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
15.33
|
27.33 |
28.66 |
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 |
No |
|
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 |
No |
|
12] |
Profitability for last three years |
No |
|
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 |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
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 |
OPERATIONS:
The company has purchase industrial land and
building at Mahila Udyami Park Greater Noida amounting Rs.2.373 Millions but
could not commence any business activity during the year. Efforts are being
made to commence the activities at the earliest.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U51109DL2008PTC172318 |
|
Name of the
company |
P.M. IMPEX PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
2473/13, Govardhan Bihari Colony, Shahdra, New Delhi – 110032, India |
|
This form is for |
Modification
of Charge |
|
Charge
identification (ID) number of the charge to be modified |
10378929 |
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Movable
Property (not being pledge) ·
Others
(personal guarantee and corporate guarantee) |
|
Particular of
charge holder |
Punjab and Sind Bank, B – 2C, Sector – 18, Noida - 201301, Uttar
Pradesh, India |
|
Nature of
instrument creating charge |
·
Form-84A-For
Deposit of Titel Deed ·
From
192 (RR) Agreement for Hypothecation of Goods to secure demand cash credit ·
From
F. Exp 37/96 Agreement for Hyp. of Debits and Assets. ·
Personal
Guarantee by all Directors and Corporate Guarantee. |
|
Date of
instrument Creating the charge |
23.03.2013 |
|
Amount secured by
the charge |
Rs.17.673
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest B.R. + TP p.a. Terms of Repayment Principal amount on
demand and interest amount as and when charged. Margin 50% Extent and Operation of the charge The charge inter
Allia operated as 100% in favour of the bank on assets as described in column
15 of this E form. Others 1st
Exclusive Charge over company’s entire fixed/ Current Assets – Present and
Future. Personal
guarantee by Director Mr. Mahesh Kumar Aggarwal, Prashant Aggarwal and Ashish
Goel. Personal
Guarantee by property owner Anshul Aggarwal, Saroj Aggarwal d Sanjay Aggarwal Corporate
guarantee of the group entities Aggarwal and Company, Fantasy Tradex Private
Limited Figment Engineering Private Limited and new Aggarwal and Company |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
·
1st
Exclusive EM Charge over Land and Building Situated at Industrial Property O.
– 57, Mhila Udyami Park – I, Sector – III, Greater Noida Measuring 500 SQ.
Meters ·
Extension
of Charge on properties kept as primary collateral security in group
companies i.e. Plot No.347 Sector Udog Kendra – II, Ecotech – III, Greater
Noida in name of Fantasy Traders. ·
Plot
No. – 19, Block – A, Sector – 55, Noidain name of Mahesh Kumar Agarwal and
Anshul ·
351,
Udyog Kendra – II, Greater Noida in name of Figment Engineering Private
Limited ·
Plot
21, MUP – II, Ecotech – III, Greater Noida in name of M/s New Aggarwal and
Company. |
|
Particulars of
the present modification |
The overall limit
stand enhanced from Rs.7.800 Millions to Rs.17.673 Millions (due to
enhancement of ODP limit from Rs.5.000 Millions to Rs.15.000 Millions. Term
Loan amount stand reduced to Rs.2.673 Millions) |
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.60.05 |
|
|
1 |
Rs.90.71 |
|
Euro |
1 |
Rs.78.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
13 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.