MIRA INFORM REPORT
|
Report Date : |
10.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
NANO TECH CHEMICAL BROTHERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Village Manngarh, Chandigarh Road, Chandigarh Road, Ludhiana-141010,
Punjab |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2012 |
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|
Date of
Incorporation : |
07.10.2005 |
|
|
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|
Com. Reg. No.: |
16-029065 |
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|
Capital Investment
/ Paid-up Capital : |
Rs. 0.910 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24200PB2005PTC029065 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Trader of Textile Chemical and Printing Ink. |
|
|
|
|
No. of Employees
: |
Not Available |
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 54000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a satisfactory track record. Trade
relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitment. The company can be considered for normal business dealings at usual
trade term and condition. |
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. Sunil Sharma |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-161-6570303 |
|
Date : |
08.06.2013 |
LOCATIONS
|
Registered Office : |
Village Manngarh, Chandigarh Road, Chandigarh Road, Ludhiana-141010,
Punjab, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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|
Administrative Office : |
#3582, Backside Post Office, Chandigarh Road, Jamalpur Awana,
Ludhiana-141010, Punjab, India |
|
Tel. No.: |
91-161-6570303 / 04 |
|
Fax No.: |
91-161-2229394 |
|
|
|
|
Factory : |
W/83, MIDC, Phase-II, Dombivil (East), District Thane, Mumbai-421203, Maharashtra,
India |
|
Tel. No.: |
91-251-6570965 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Vishal Vinayak |
|
Designation : |
Director |
|
Address : |
Vinayak House, Hadiabad, Kaputhala-144001, Punjab, India |
|
Date of Appointment : |
07.10.2005 |
|
DIN No.: |
00976293 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the Director/ Designated
Partner |
Date of appointment at current designation |
Original date of appointment |
Company/ LLP Status |
Defaulting status |
|
1 |
U24200PB2005PTC029065 |
NANO TECH
CHEMICAL BROTHERS PRIVATE LIMITED |
Director |
07-10-05 |
07-10-05 |
Active |
|
|
2 |
U27100MH1998PTC114536 |
PALLAVI
ENTERPRISES PRIVATE LIMITED |
Director |
11-11-08 |
11-11-08 |
Active |
NO |
|
Name : |
Ms. Anita Vinayak |
|
Designation : |
Director |
|
Address : |
B 24/946, Street No.7, Harcharan Nagar, Samrala Chowk,
Ludhiana-141010, Punjab, India |
|
Date of Appointment : |
07.10.2005 |
|
DIN No.: |
01541654 |
KEY EXECUTIVES
|
Name : |
Mr. Sunil Sharma |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Vishal Vinayak |
9000 |
|
Anita Vinayak |
30000 |
|
Vishal Vinayak HUF |
18000 |
|
Jit Kumar Vinayak |
27000 |
|
Shail Vinayak |
7000 |
|
TOTAL
|
91000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Textile Chemical and Printing Ink. |
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Exports : |
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Countries : |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
Retailers |
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No. of Employees : |
Not Available |
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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 : |
K K Kapoor and Associates Chartered Accountant |
|
Address : |
48-B, Udham Singh Nagar, Ludhiana-141001, Punjab, India |
|
Tel. No.: |
91-161-2302036 |
|
PAN No.: |
AADFK8426B |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
91000 |
Equity Shares |
Rs.10/- each |
Rs. 0.910
Million |
|
|
|
|
|
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 |
0.910 |
0.700 |
0.700 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
12.806 |
7.394 |
4.736 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
13.716 |
8.094 |
5.436 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
9.346 |
9.929 |
4.501 |
|
|
2] Unsecured Loans |
9.103 |
9.633 |
4.795 |
|
|
TOTAL BORROWING |
18.449 |
19.562 |
9.296 |
|
|
DEFERRED TAX LIABILITIES |
0.205 |
0.153 |
0.236 |
|
|
|
|
|
|
|
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TOTAL |
32.370 |
27.809 |
14.968 |
|
|
|
|
|
|
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APPLICATION OF FUNDS |
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|
|
|
|
|
|
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|
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|
FIXED ASSETS [Net Block] |
23.073 |
22.801 |
17.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.200 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
10.209
|
8.964 |
4.413 |
|
|
Sundry Debtors |
30.346
|
25.380 |
34.545 |
|
|
Cash & Bank Balances |
2.319
|
2.177 |
7.843 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
1.750
|
3.444 |
1.768 |
|
Total
Current Assets |
44.624
|
39.965 |
48.569 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
31.980
|
31.259 |
46.794 |
|
|
Other Current Liabilities |
2.497
|
2.698 |
2.940 |
|
|
Provisions |
1.050
|
1.000 |
0.870 |
|
Total
Current Liabilities |
35.527
|
34.957 |
50.604 |
|
|
Net Current Assets |
9.097
|
5.008 |
(2.035) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.003 |
|
|
|
|
|
|
|
|
TOTAL |
32.370 |
27.809 |
14.968 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
106.432 |
114.089 |
108.550 |
|
|
|
Other Income |
0.161 |
0.361 |
0.494 |
|
|
|
TOTAL (A) |
106.593 |
114.450 |
109.044 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
92.001 |
100.866 |
|
|
|
|
Employee Benefits Expenses |
3.046 |
3.214 |
|
|
|
|
Other Expenses |
4.329 |
4.706 |
|
|
|
|
TOTAL (B) |
99.376 |
108.786 |
104.386 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
7.217 |
5.664 |
4.658 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.874 |
1.540 |
1.054 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.343 |
4.124 |
3.604 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
0.732 |
0.549 |
0.492 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
3.611 |
3.575 |
3.112 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.102 |
0.917 |
1.036 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
2.509 |
2.658 |
2.076 |
|
|
|
|
|
|
|
|
|
Add |
Earlier
year short / (excess) provision |
(0.037) |
(0.001) |
(0.011) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.472 |
2.657 |
2.065 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
27.57 |
266.00 |
-- |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
150.000 |
|
|
|
|
|
The above information has been parted by Mr. Sunil Sharma.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.35
|
2.32 |
1.90 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.39
|
3.13 |
2.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.33
|
5.70 |
4.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.44 |
0.57 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.35
|
2.42 |
1.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26
|
1.14 |
0.96 |
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 |
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) |
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 |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Loans from Shareholders and Relatives |
4.885 |
4.870 |
|
Loans from Directors |
4.218 |
4.763 |
|
|
|
|
|
TOTAL |
9.103 |
9.633 |
FORM 8
|
Corporate
identity number of the company |
U24200PB2005PTC029065 |
|
Name of the
company |
NANO TECH CHEMICAL
BROTHERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Village Manngarh, Chandigarh Road, Chandigarh Road, Ludhiana-141010, Punjab, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
|
|
Particular of
charge holder |
Corporation Bank, Feroze Gandhi Market, Ludhiana-141001, Punjab, India |
|
Nature of
instrument creating charge |
Deed of hypothecation
and Memorandum of Deposit of Title
deeds |
|
Date of
instrument Creating the charge |
10.12.2010 |
|
Amount secured by
the charge |
Rs. 10.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 13% P.A Terms of repayment On demand Margin As per Agreement Extent and operation of the charge 100% |
|
Short particulars
of the property charged (Including location of the property) |
All plant and Machinery
present and Future and other movable fixed assets of the Company. All stocks and Book Debts of the Company Collaterally
secured by deposit of title deeds of plot no 44 situated at Vill: Birmi,
Rajgarh Estate Phase -I Ludhiana. |
|
Whether any of
the property or interest therein under reference is not registered in the
name of the company. |
Yes |
|
If yes, in whose
name it is registers |
Director |
FIXED ASSETS
- Land
- Building
- Air
Conditioner
- Car
- Cycle
- Office
Equipment
- Furniture and
Fixture
- Scooter
- Generator
- Lab
Equipments
- Inverter
- Computer
- Projector
- Mobile
- Electric
Fitting
- Telephone
EPBAX A/C
- Fan
- Building
Under Construction
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. 56.74 |
|
|
1 |
Rs. 88.53 |
|
Euro |
1 |
Rs. 75.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
NO |
|
--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.