|
Report Date : |
07.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAMSONS CASTINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A 301, Neeti Gaurav, Central Bazar Road, Ramdad Peth, Nagpur – 440010,
Maharashtra |
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|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
Date of
Incorporation : |
05.12.1991 |
|
|
|
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Com. Reg. No.: |
11-064308 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 15.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27200MH1991PIC064308 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR9195E |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Trader of Casting and Steel Products. |
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|
|
|
No. of Employees
: |
50 (Approximately) (In Office 30) (In Factory 20) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 249000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a moderate track record. The
profitability of the company seems to be low. The external borrowing appears
to be huge. 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. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BB- (Fund Base Limits) |
|
Rating Explanation |
Having moderate risk of default regarding timely servicing of
financial obligation. |
|
Date |
January 2013 |
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. Rajesh Sarda |
|
Designation : |
Director |
|
Contact No.: |
91-712-2435903 |
|
Date : |
05.06.2013 |
LOCATIONS
|
Registered Office : |
A 301, Neeti Gaurav, Central Bazar Road, Ramdad Peth, Nagpur – 440010,
Maharashtra, India |
|
Tel. No.: |
91-712-2435903 / 2435907 |
|
Fax No.: |
91-712-2435908 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
|
|
|
Factory : |
Plot No. N–3 and 4 , MIDC Area, Hingna Road, Nagpur-440016, |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Rajesh Ramswarup Sarda |
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|
Designation : |
Director |
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|
Address : |
14 Daga Layout, |
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Date of Birth/Age : |
25.02.1970 |
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Date of Appointment : |
05.12.1991 |
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DIN No.: |
00092786 |
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Other Directorship:
|
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|
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|
Name : |
Mr. Ramswarup Shankarlal Sarda |
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Designation : |
Director |
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Address : |
14 Daga Layout, |
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Date of Birth/Age : |
27.12.1945 |
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Date of Appointment : |
20.12.1991 |
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DIN No.: |
00092928 |
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Other Directorship:
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Name : |
Mr. Laxminarayan Rameshwarlalji Sarda |
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Designation : |
Director |
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Address : |
Plot No. 285, Garoba Maidan, |
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Date of Birth/Age : |
06.01.1976 |
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Date of Appointment : |
01.08.2006 |
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DIN No.: |
00594545 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS
As on 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Rajesh Ramswarup Sarda |
14500 |
|
Ramswarup Shankarlal Sarda |
14000 |
|
Veena Sarda |
14500 |
|
Chandadevi Sarda |
14500 |
|
Ramswarup Sarda (HUF) |
14500 |
|
Rajesh Sarda (HUF) |
13500 |
|
Ramsons Holdings Private Limited, |
14500 |
|
Ramsoms Industries Limited, |
13500 |
|
Ramsons TMT Private Limited, |
13000 |
|
Rajaram Steel Industries Private Limited, |
12000 |
|
Ramsons Ispat Private Limited, |
11500 |
|
Total |
150000 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
Bodies corporate |
43.00 |
|
Directors or relatives of Directors |
57.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Casting and Steel Products. |
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Imports : |
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Products : |
Metal Scrap |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
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No. of Employees
: |
50 (Approximately) (In Office 30) (In Factory 20) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
- |
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Auditors : |
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|
Name : |
A.S. Daga and Company Chartered Accountants |
|
Address : |
601/602, B Wing, 6th floor, Lokmat Building Dhantoli, Nagpur-440010, |
|
PAN No.: |
AAOFA2366H |
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs. 20.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.100/- each |
Rs. 15.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
15.000 |
15.000 |
15.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
47.326 |
44.077 |
45.073 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
62.326 |
59.077 |
60.073 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
224.803 |
225.886 |
35.429 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
121.177 |
|
|
TOTAL BORROWING |
224.803 |
225.886 |
156.606 |
|
|
DEFERRED TAX LIABILITIES |
0.106 |
0.131 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
287.235 |
285.094 |
216.679 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
23.114 |
23.374 |
23.730 |
|
|
Capital work-in-progress |
3.239 |
2.309 |
0.668 |
|
|
|
|
|
|
|
|
INVESTMENT |
26.301 |
26.301 |
15.354 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
145.792
|
88.490 |
81.828 |
|
|
Sundry Debtors |
124.651
|
113.410 |
83.338 |
|
|
Cash & Bank Balances |
1.696
|
2.697 |
1.519 |
|
|
Other Current Assets |
3.016
|
4.340 |
29.772 |
|
|
Loans & Advances |
79.073
|
49.091 |
24.617 |
|
Total
Current Assets |
354.228
|
258.028 |
221.074 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
114.710
|
17.360 |
17.850 |
|
|
Other Current Liabilities |
3.520
|
6.294 |
15.399 |
|
|
Provisions |
1.417
|
1.264 |
10.898 |
|
Total
Current Liabilities |
119.647
|
24.918 |
44.147 |
|
|
Net Current Assets |
234.581
|
233.110 |
176.927 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
287.235 |
285.094 |
216.679 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
1288.716 |
834.837 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
1284.213 |
830.315 |
NA |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.503 |
4.522 |
NA |
|
|
|
|
|
|
|
Less |
TAX |
1.254 |
1.314 |
NA |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3.249 |
3.208 |
NA |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
21.66 |
NA |
NA |
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
1350.000 |
This information
parted by Mr. Mr. Rajesh Sarda (Director).
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.25
|
0.38 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.93
|
1.61 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.08 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.60
|
3.82 |
2.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.96
|
10.35 |
5.01 |
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 |
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 |
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 |
Yes |
BUSINESS OUTLOOK:
The company is expanding
its activities in all over the areas to mug up the opportunities in the market.
The Company intends to strengthen its position in the market by acquiring new
targets in the market. The Activities of company has increased considerably
giving better margins to the company. The company wants to strengthen its
activities in market by accepting or formulating offensive and defensive
strategies in the market.
RESULTS OF
OPERATION:
The year was a
transformational year for the company. The Company has set new global
benchmarks for project execution. This was a landmark year for the company for
its operating performance with earning growth amidst extraordinary challenges
of price volatility and demand reduction. During the year, the company has
scaled new heights and several new benchmarks in terms of scales, profits,
networth and assets.
MANUFACTURING OPERATIONS:
The Company has
revised its manufacturing footprint to support profitable growth. In that
context, capacities were created at relevant locations to meet demand.
Additionally, there was the continual focus on de-bottlenecking existing
capacities and improving the productivity levels at current units.
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. 56.87 |
|
|
1 |
Rs. 86.65 |
|
Euro |
1 |
Rs. 74.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
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 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.