MIRA INFORM REPORT
|
Report Date : |
29.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUPERLITE JOINTINGS PRIVATE LIMITED |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
14.06.1995 |
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Com. Reg. No.: |
20-018241 |
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Capital
Investment / Paid-up Capital : |
Rs. 7.195 Millions |
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CIN No.: [Company Identification
No.] |
U29301UP1995PTC018241 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Non-Asbestos and Asbestos Gasket Sheet. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 178000 |
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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 as fair. Business is active. Payments
terms are usually correct. The company can be considered for 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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
LOCATIONS
|
Registered Office : |
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Tel. No.: |
91-120-2677516/4186410 |
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Fax No.: |
91-120-2677517/4686423 |
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E-Mail : |
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Website : |
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Correspondence Office : |
D-12, 13 Sector – 17, Kavi Nagar, Industrial Area, |
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Factory : |
Plot No. 2, Dibarsi Road, Jindal Nagar,
Ghaziabad -201302, Uttar Pradesh, India |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Sanjeev Rai Agarwal |
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Designation : |
Director |
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Address : |
KK-56, Kavi Nagar, |
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Date of Appointment : |
14.06.1995 |
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DIN No.: |
00627793 |
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Other Directorship:
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Name : |
Mr. Vineet Rai Agarwal |
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Designation : |
Director |
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Address : |
KK-56, Kavi Nagar, |
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Date of Appointment : |
15.09.2000 |
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DIN No.: |
00628088 |
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Other Directorship:
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|||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Rakesh Kumar Dugar |
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Designation : |
Director |
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Address : |
P-192, Block-A, |
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Date of Appointment : |
30.12.2009 |
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DIN No.: |
00272035 |
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Other Directorship:
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MAJOR SHAREHOLDERS
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sanjeev Rai Agarwal |
|
46843 |
|
Alka Agarwal, Family Trust |
|
189510 |
|
Varun Aggarwal |
|
123747 |
|
Charu Agarwal |
|
10030 |
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R.K. Gupta |
|
5000 |
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Safoni Agarwal (U/G/O Sh. S.R. Agarwal) |
|
61410 |
|
Satya Family Trust |
|
10 |
|
Vineet Rai Agarwal (On behalf of V.R. Agarwal and Sons HUF) |
|
10 |
|
Sanjeev Rai Agarwal (On behalf of S.R. Agarwal and Sons HUF) |
|
10 |
|
Vineet Rai Agarwal |
|
65450 |
|
Gujrat Papers Private Limited |
|
100000 |
|
Noida Floriculture Private Limited |
|
100000 |
|
G.Trading India Private Limited |
|
10000 |
|
Zarf lnfradevetopment Private Limited |
|
5000 |
|
Zoom Building Material Private Limited |
|
2400 |
|
Jai Bhagwan Kapil |
|
10 |
|
Tapan Kapil |
|
10 |
|
Chandrawati |
|
10 |
|
Guurav Agarwal |
|
10 |
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Total |
|
719460 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
30.22 |
|
Directors or relatives of Directors |
69.78 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Non-Asbestos and Asbestos Gasket Sheet. |
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Products : |
Non Asbestos and Asbestos Jointing Gasket Sheets |
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
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Gasket Sheet |
KG |
NA |
NA |
3786531 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
Oriental Bank of Commerce, Branch Nasirpur, D-9, IIID Nehru Nagar, |
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Facilities : |
A) Cash credit limits and packing
credit limits from oriental bank of commerce are primarily secured against
hypothecation of stocks and books debts. The said credit facilities are also
collaterally secured against equitable
mortgage of factory land and buildings at village Galand Tehsil Hapur, B) Secured against second change on fixed assets and current assets of the company. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Anil Vaish and Company Chartered Accountants |
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Address : |
C-98, III Floor, RDC Raj Nagar, |
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PAN No.: |
AAVFA8212F |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs. 10/- each |
Rs. 7.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
719460 |
Equity Shares |
Rs. 10/- each |
Rs. 7.195 Millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
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|
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(a) Share Capital |
|
7.195 |
6.991 |
|
(b) Reserves & Surplus |
|
37.292 |
25.232 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
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(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
44.487 |
32.223 |
|
|
|
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(3)
Non-Current Liabilities |
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|
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(a) long-term borrowings |
|
58.246 |
44.956 |
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(b) Deferred tax liabilities (Net) |
|
8.830 |
7.316 |
|
(c) Other long term
liabilities |
|
28.028 |
18.500 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
|
95.104 |
70.772 |
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(4)
Current Liabilities |
|
|
|
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(a) Short
term borrowings |
|
46.548 |
34.922 |
|
(b) Trade
payables |
|
24.987 |
33.214 |
|
(c) Other
current liabilities |
|
17.914 |
16.455 |
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(d) Short-term
provisions |
|
0.900 |
0.800 |
|
Total Current
Liabilities (4) |
|
90.349 |
85.391 |
|
|
|
|
|
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TOTAL |
|
229.940 |
188.386 |
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|
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II.
ASSETS |
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|
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(1)
Non-current assets |
|
|
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(a) Fixed
Assets |
|
|
|
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(i)
Tangible assets |
|
115.516 |
98.962 |
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(ii)
Intangible Assets |
|
0.000 |
0.000 |
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(iii)
Capital work-in-progress |
|
0.277 |
0.000 |
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(iv)
Intangible assets under development |
|
0.000 |
0.000 |
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(b) Non-current Investments |
|
0.000 |
0.000 |
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(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
|
1.412 |
1.850 |
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(e) Other
Non-current assets |
|
0.000 |
0.005 |
|
Total Non-Current
Assets |
|
117.205 |
100.817 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
80.057 |
64.686 |
|
(c) Trade
receivables |
|
14.812 |
17.724 |
|
(d) Cash
and cash equivalents |
|
5.947 |
2.659 |
|
(e)
Short-term loans and advances |
|
11.919 |
2.500 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
112.735 |
87.569 |
|
|
|
|
|
|
TOTAL |
|
229.940 |
188.386 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
6.991 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
23.047 |
|
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4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
30.038 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
63.314 |
|
|
2] Unsecured Loans |
|
|
11.246 |
|
|
TOTAL BORROWING |
|
|
74.560 |
|
|
DEFERRED TAX LIABILITIES |
|
|
5.987 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
110.585 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
101.415 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
47.888 |
|
|
Sundry Debtors |
|
|
18.906 |
|
|
Cash & Bank Balances |
|
|
2.637 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
10.057 |
|
Total
Current Assets |
|
|
79.488 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
41.659 |
|
|
Other Current Liabilities |
|
|
28.019 |
|
|
Provisions |
|
|
0.650 |
|
Total
Current Liabilities |
|
|
70.328 |
|
|
Net Current Assets |
|
|
9.160 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.010 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
110.585 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
192.851 |
200.941 |
186.862 |
|
|
|
Other Income |
2.674 |
0.940 |
6.607 |
|
|
|
TOTAL (A) |
195.525 |
201.881 |
193.469 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
142.365 |
137.740 |
|
|
|
|
Changes in inventory of finished and semi finished goods |
(21.930) |
(12.186) |
|
|
|
|
Employee Benefit Expenses |
14.138 |
10.797 |
|
|
|
|
Other Expenses |
40.375 |
47.484 |
|
|
|
|
Preliminary Expenses |
0.005 |
0.005 |
|
|
|
|
TOTAL (B) |
174.953 |
183.840 |
175.742 |
|
|
|
|
|
|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
20.572 |
18.041 |
17.727 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.367 |
9.275 |
9.311 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.205 |
8.766 |
8.416 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
4.662 |
4.465 |
4.347 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4.543 |
4.301 |
4.069 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.479 |
2.116 |
2.016 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.064 |
2.185 |
2.053 |
|
|
|
|
|
|
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
21.232 |
19.047 |
16.994 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
23.296 |
21.232 |
19.047 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY (FOB Value) |
143.432 |
124.505 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
27.835 |
28.104 |
NA |
|
|
|
Total |
27.835 |
28.104 |
NA |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.95 |
3.13 |
2.94 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.05
|
1.08 |
1.06 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.36
|
2.14 |
2.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.98
|
2.28 |
2.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.13 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.36
|
2.48 |
2.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25
|
1.02 |
2.25 |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
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 |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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 |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
From
Directors and Shareholders |
21.466 |
18.280 |
|
From Body
Corporate |
4.027 |
6.543 |
|
|
25.493 |
24.823 |
OPERATIONS:
During
the year, the turnover of the company has decreased to Rs, 192.851 Millions in
2011-12 as compared to Rs. 200.941 Millions in 2010-11. Similarly Profit after tax has also decreased
to Rs. 2.064 Millions in 2011-12 as compared to Rs. 2.185 Millions in 2010-11.
Similarly Net Cash Accrual of the company has increased to Rs. 8.240 Millions
In 2011-12 as compared to Rs. 7.980
Millions in 2010-11 showing an increase of 3.26 %.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U29301UP1995PTC018241 |
|
Name of the company |
SUPERLITE JOINTINGS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in |
Email ID : carishikapoorroc@yahoo.co.in |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property Movable property (not being pledge) |
|
Particular of charge holder |
Oriental Bank of Commerce, Branch Nasirpur, D-9, IIID Nehru Nagar, Email ID : carishikapoorroc@yahoo.co.in |
|
Nature of instrument creating charge |
Agreement of term loan dated 20.01.2012 |
|
Date of instrument Creating the charge |
20.01.2012 |
|
Amount secured by the charge |
Rs. 15.700 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Rate 4% over Base Rate (Present BR is 10.75%) which works out to
14.75% at present with monthly rests, Penal Interest @ 2% p.a. over and above
the rate in overdue portion shall be changed. Terms of Repayment Repayable into 78 Equated monthly installments each of Rs. 299
Millions p.m. commencing from April, 2012 and interest during moratorium to
be recovered as and when due. Margin 25% Extent and Operation of the charge 100% in favour of bank |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Hypothecation of new solvent recovery plant costing Rs. 21.000
Millions to be purchased with the bank finance. Personal Guarantee of the Director of the company Sanjeev Rai Agarwal
and Vinit Tai Agarwal and Alka Agarwal Guarantee of the company M/s Vidhyut
Control (India) Private Limited and Alka Agarwal Family Trust Extension of EM
of property of the company situated at at Khara No 13M of all Khata No.
00865, 00241, 001191, and khata No.,
01197 001191, all in Village Galand, Paragana Dasna,Tehsil Hapur, Ghaziabad
Extension of charge over the properties D-12 and D-13, Sector-17, Kavi Nagar, Indl Area
Ghaziabad standing in the name of M/s Vidhyut Control India Private Limited
Above properties already mortgaged in
the account of M/s Vidhyut Control India Private Limited . |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture Fixture
·
D.O. Set
·
Weighting Machine
·
Cycle
·
Car
·
Cellular Phone
·
Fire Extinguisher
·
Tools
·
Office Equipments
·
Refrigerator
·
Safety Equipments
·
Computer and Software
·
Fax Machine
·
Air Conditioner
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. 59.70 |
|
|
1 |
Rs. 91.14 |
|
Euro |
1 |
Rs. 77.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
47 |
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.