|
Report Date : |
25.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
BIG CARBONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
25-A, Veer Colony, Amrik Singh Road, Bathinda – 151001, Punjab |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
19.01.2009 |
|
|
|
|
Com. Reg. No.: |
16-032543 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U11100PB2009PTC032543 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is engaged in Purification of Carbon Dioxide
Gas. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 29000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a moderate track record. The
financial for the year 2012 is not available. As per the previous year’s, the company has recorded modest scale of
business operation. However, trade relations are reported to be fair. Business is active.
Payments are reported to be unknown. The company can be considered for business dealings with great
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 – 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 |
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 DECLINED BY
|
Name : |
Mr. Sharma |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9023602155 |
|
Date : |
25.07.2013 |
LOCATIONS
|
Registered Office : |
25-A, Veer Colony, Amrik Singh Road, Bathinda – 151001, Punjab, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9023602155 (Mr. Sharma) |
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Fax No.: |
Not Available |
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E-Mail : |
|
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Website : |
|
|
|
|
|
Factory 1: |
C/O BCL Industries And Infrastructures Limited, V.P.O Sangat Kalan,
Dabwali Road Bathinda, Punjab, India. |
|
|
|
|
Factory 2: |
Ancillary Malbros International Private Limited, Village Mansoorwala, Talwandi - Zira Road, ZIRA District Ferozpur, Punjab, India |
|
E-Mail : |
DIRECTORS
(AS ON 28.09.2012)
|
Name : |
Mr. Chamatkar Singh Grover |
|
Designation : |
Director |
|
Address : |
656, Shakti Nagar, Amrik Singh Road, Bathinda – 151001, Punjab, India |
|
Date of Appointment : |
19.01.2009 |
|
DIN No.: |
00763161 |
|
|
|
|
Name : |
Mr. Sukhpreet Singh |
|
Designation : |
Director |
|
Address : |
656, Shakti Nagar, Amrik Singh Road, Bathinda – 151001, Punjab, India |
|
Date of Appointment : |
19.01.2009 |
|
DIN No.: |
00763387 |
KEY EXECUTIVES
|
Name : |
Mr. Sharma |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 28.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Chamatkar Singh Grover |
|
75000 |
|
Sukhpreet Singh Grover |
|
25000 |
|
Varinder Kaur Grover |
|
10000 |
|
Narinder Grover |
|
22000 |
|
Bathinda Industrial Gases Private Limited, India |
|
755000 |
|
O.E.C. Diascans Limited, India |
|
8000 |
|
Naresh Kishore Gupta |
|
220000 |
|
Ramesh Kumar Gupta |
|
105000 |
|
Raj Kumar Gupta |
|
60000 |
|
Hari Kishore |
|
100000 |
|
Kamla Gupta |
|
35000 |
|
Mukesh Gupa |
|
90000 |
|
Hari Kamlesh Gupta |
|
150000 |
|
Sunita Gupta |
|
100000 |
|
|
|
|
|
Total |
|
1755000 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
43.00 |
|
Directors or relatives of directors |
|
57.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in Purification of Carbon Dioxide
Gas. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
· Punjab National Bank Bank Street, Bathinda – 151001, Punjab, India |
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|
|
|
Facilities : |
-- |
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|
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Banking
Relations : |
-- |
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|
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Auditors : |
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|
Name : |
Chander Raheja and Company Chartered Accountants |
|
Address : |
#3065, Street No.4, Power House Road, Bathinda – 151001, Punjab, India
|
|
PAN No.: |
AAGFC9575N |
CAPITAL STRUCTURE
(AS ON 28.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1755000 |
Equity Shares |
Rs.10/- each |
Rs.17.550
Millions |
|
|
|
|
|
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
460000 |
Equity Shares |
Rs.10/- each |
Rs.4.600
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 |
4.600 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
4.420 |
0.900 |
|
|
3] Reserves & Surplus |
2.645 |
0.244 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
7.245 |
4.764 |
1.000 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
2.543 |
1.300 |
0.000 |
|
|
TOTAL BORROWING |
2.543 |
1.300 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.028 |
0.011 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
9.816 |
6.075 |
1.000 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.951 |
5.479 |
0.632 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.150 |
0.150 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
6.256
|
1.935 |
0.001 |
|
|
Cash & Bank Balances |
0.488
|
0.419 |
0.063 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.633
|
0.000 |
0.825 |
|
Total
Current Assets |
7.377
|
2.354 |
0.889 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor and Other Current Liabilities |
2.565
|
1.839 |
0.592 |
|
|
Provisions |
0.206
|
0.119 |
0.000 |
|
Total
Current Liabilities |
2.771
|
1.958 |
0.592 |
|
|
Net Current Assets |
4.606
|
0.396 |
0.297 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.109 |
0.050 |
0.071 |
|
|
|
|
|
|
|
|
TOTAL |
9.816 |
6.075 |
1.000 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
17.655 |
6.000 |
0.001 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
16.208 |
5.230 |
0.010 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.447 |
0.770 |
(0.009) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.743 |
0.387 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.704 |
0.383 |
(0.009) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.223 |
0.130 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.481 |
0.253 |
(0.009) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.06 |
25.25 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.72
|
4.22 |
(900.00) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.71
|
4.89 |
(0.59) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.08 |
(0.01) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.35
|
0.27 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.66
|
1.20 |
1.50 |
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 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
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 LOANS
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
|
|
Due to Directors |
0.886 |
0.800 |
|
Due to Members |
1.657 |
0.500 |
|
|
|
|
|
Total |
2.543 |
1.300 |
OPERATIONS
The Company is engaged in purification of Carbon dioxide Gas
and has set a unit for the same in Punjab. This is the second of operation year
of the business of the Company and the results are quite satisfactory. The
company has made a turnover of Rs.17.655 Millions during the year and earned a
net profit of Rs.0.481 Million after providing depreciation of Rs.0.743 Million
and provision for Deferred Tax Liabilities Rs.0.016 Million. The turnover is
increasing gradually and the Company is gaining good reputation in the market.
The directors are hopeful to earn good profits in the coming period.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10350262 |
27/03/2012 |
1,500,000.00 |
PUNJAB NATIONAL
BANK |
BANK STREET,
BATHINDA, PUNJAB - 151001, INDIA |
B37761699 |
|
2 |
10350264 |
27/03/2012 |
33,000,000.00 |
PUNJAB NATIONAL
BANK |
BANK STREET,
BATHINDA, PUNJAB - 151001, INDIA |
B37763539 |
FIXED ASSETS
· Building
· Computer
· Furniture
· Laboratory Equipment
· Motor Cycle
· Plant and Machinery
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] 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.59.45 |
|
|
1 |
Rs.91.24 |
|
Euro |
1 |
Rs.78.44 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
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 |
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 |
|
30 |
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.