|
Report Date : |
28.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMBICA
TIMBERTRADE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
73/8, Swaran Park,
Main Rohtak Road, Nangloi, New Delhi – 110 041 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
22.10.2010 |
|
|
|
|
Com. Reg. No.: |
55-209719 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.8.380
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U20100DL2010PTC209719 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer,
Trader, Importer and Supplier of Meranti Wood, Pine Wood, Teak Wood, Kapur
Wood, Resak Wood, MLH Wood, Arau Wood, Keuring Wood, Liberia Wood, Mouldings,
Margins, etc. |
|
|
|
|
No. of Employees
: |
Approximately 23 (In Office – 8, In Factory – 15) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 72000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was started as a proprietory concern with the name of “Ambica
Timber Trade” in the year 1988. And later in the year 2010 it got converted into private limited
company. It is having a moderate track record. Profitability of the company
appears to be low. However, trade relations are reported to be fair. Business is active.
Payments are 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 |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
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. Praveen Bansal |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9711228818 |
|
Date : |
22.03.2013 |
LOCATIONS
|
Registered Office : |
73/8, Swaran Park,
Main Rohtak Road, Nangloi, New Delhi – 110 041, India |
|
Tel. No.: |
91-11-28343573/
65151706 |
|
Mobile No.: |
91-9711228818 (Mr. Praveen Bansal) |
|
Fax No.: |
91-11-28343573 |
|
E-Mail : |
|
|
Area : |
1000 sq ft |
|
Location : |
Rented |
|
|
|
|
Factory : |
Survey No.591/2, Mithi Rohar, National Highway, Gandhidham, Gujarat,
India |
|
Area : |
6 Acre |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2012
|
Name : |
Mr. Ved Prakash Bansal |
|
Designation : |
Director |
|
Address : |
X-202, Siddhartha Apartments, MP Enclave, Pitampura, New Delhi – 110
034, India |
|
Date of Birth/Age : |
07.06.1955 |
|
Date of Appointment : |
22.10.2010 |
|
DIN No.: |
03134806 |
|
|
|
|
Name : |
Mr. Raj Kumar Bansal |
|
Designation : |
Director |
|
Address : |
Y-402, Siddhartha Apartments, MP Enclave, Pitampura, New Delhi – 110
034, India |
|
Date of Birth/Age : |
09.03.1953 |
|
Date of Appointment : |
22.10.2010 |
|
DIN No.: |
03139161 |
|
|
|
|
Name : |
Mr. Ishwar Chand Bansal |
|
Designation : |
Director |
|
Address : |
Y-102, Siddhartha Apartments, MP Enclave, Pitampura, New Delhi – 110
034, India |
|
Date of Birth/Age : |
02.09.1960 |
|
Date of Appointment : |
11.03.2011 |
|
DIN No.: |
03441772 |
|
|
|
|
Name : |
Mr. Shyam Lal Bansal |
|
Designation : |
Director |
|
Address : |
X-203, Siddhartha Apartments, MP Enclave, Pitampura, New Delhi – 110
034, India |
|
Date of Birth/Age : |
02.09.1960 |
|
Date of Appointment : |
11.03.2011 |
|
DIN No.: |
03472037 |
KEY EXECUTIVES
|
Name : |
Mr. Praveen Bansal |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ishwar Chand Bansal |
|
780500 |
|
Decade Buildtech Private Limited, India |
|
50000 |
|
Ved Prakash Bansal |
|
2500 |
|
Raj Kumar Bansal |
|
2500 |
|
Shayam Lal Bansal |
|
2500 |
|
Total |
|
838000 |
As on 30.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
94.03 |
|
Other
top fifty shareholders |
|
5.97 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Trader, Importer and Supplier of Meranti Wood, Pine Wood, Teak Wood, Kapur
Wood, Resak Wood, MLH Wood, Arau Wood, Keuring Wood, Liberia Wood, Mouldings,
Margins, etc. |
|
|
|
|
Products : |
|
|
|
|
|
Imports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Depend |
|
|
|
|
Purchasing : |
L/C and Depend |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|
|
|
|
No. of Employees : |
Approximately 23 (In Office – 8, In Factory – 15) |
|
|
|
|
Bankers : |
Corporation Bank, Overseas Branch, M-93,
Connaught Place, New Delhi – 110 001, India (Contact No.: 91-11-23415488/ 23412448) |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gupta Rakesh Kumar and Associates Chartered Accountants |
|
Address : |
Office No.22, Block A-2, D.D.A., Market (CSC), Paschim Vihar, New Delhi
– 110 063, India |
|
Tel. No.: |
91-11-25252089, 25267107 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFG6163G |
CAPITAL STRUCTURE
As on 30.09.2012
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 |
|
838000 |
Equity Shares |
Rs.10/- each |
Rs.8.380
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
8.380 |
0.100 |
|
|
2] Share Application Money |
|
0.000 |
0.500 |
|
|
3] Reserves & Surplus |
|
9.531 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
(0.013) |
|
|
NETWORTH |
|
17.911 |
0.587 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
4.457 |
0.000 |
|
|
2] Unsecured Loans |
|
21.443 |
0.000 |
|
|
TOTAL BORROWING |
|
25.900 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
43.811 |
0.587 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
7.948 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
118.101
|
0.000 |
|
|
Sundry Debtors |
|
135.321
|
0.000 |
|
|
Cash & Bank Balances |
|
2.032
|
0.145 |
|
|
Other Current Assets |
|
0.000
|
0.000 |
|
|
Loans & Advances |
|
47.974
|
0.375 |
|
Total
Current Assets |
|
303.428
|
0.520 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
257.004
|
0.000 |
|
|
Other Current Liabilities |
|
10.671
|
0.003 |
|
|
Provisions |
|
0.133
|
0.000 |
|
Total
Current Liabilities |
|
267.808
|
0.003 |
|
|
Net Current Assets |
|
35.620
|
0.517 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.243 |
0.070 |
|
|
|
|
|
|
|
|
TOTAL |
|
43.811 |
0.587 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
630.000 (Approximately) |
0.000 |
|
|
|
Other Income |
|
NA |
0.000 |
|
|
|
TOTAL |
|
NA |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Printing & Stationery |
|
NA |
0.005 |
|
|
|
Audit Fees |
|
NA |
0.003 |
|
|
|
Bank Charges |
|
NA |
0.002 |
|
|
|
Miscellaneous Expenses |
|
NA |
0.003 |
|
|
|
TOTAL |
|
NA |
0.013 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
FOR THE YEAR |
|
0.358 |
(0.013) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
|
0.43 |
(1.30) |
|
Expected Sales (2012-2013): Rs.650.000 millions
The above information has been parted by Mr. Praveen Bansal.
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
NA |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
NA |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
0.11 |
(2.50) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.02 |
(0.02) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
1.45 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.13 |
173.33 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 two years |
Yes |
|
12) Profitability for last two 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 |
FINANCIAL RESULTS:
During the year
Company has earned profit of Rs.0.358 million in comparison to Previous Period
Loss of Rs.0.013 million. The directors expect better results in future.
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U20100DL2010PTC209719 |
|
Name of the company |
AMBICA
TIMBERTRADE PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
73/8, Swaran
Park, Main Rohtak Road, Nangloi, Delhi – 110 041, India E-Mail: grkassociates@gmail.com |
|
This form is for |
Modification of charge |
|
Charge identification number of the
modified |
10312366 |
|
Type of charge |
Book Debts Movable Property (not being pledge) Others (Inventory) |
|
Particular of charge holder |
Corporation Bank, Overseas Branch, M-93,
Connaught Place, New Delhi – 110 001, India E-Mail: pankajkpc@gmail.com |
|
Nature of description of the instrument creating
or modifying the charge |
First supplemental common deed of
Hypothecation of movables/assets/book debts. |
|
Date of instrument Creating the charge |
11.01.2013 |
|
Amount secured by the charge |
Rs.200.000 millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest: As per terms sanction. Terms of Repayment: As per terms sanction. Margin: As per terms sanction. Extent and Operation of the charge: Cash Credit: 30.000 millions (Hypothecation of stocks and book debts) Import LC cum buyer's credit: 170.000
millions Aggregate Limit: 200.000 millions |
|
Short particulars of the property charged |
Exclusive charge by way of Hypothecation of
inventory comprising of stock of raw materials, work in progress, finished
goods, stores and spares and book debts/ receivables and other movables
assets both present and future. |
|
Date of latest modification prior to the
present modification |
15.09.2011 |
|
Particulars of the present
modification |
The total limit enhanced from Rs.172.500
millions to 200.000 millions. Cash Credit: 22.500 millions to 30.000
millions (Hypothecation of stocks and book debts) Import LC cum buyer's credit: 150.000 millions
to 170.000 millions Aggregate Limit: 172.500 millions to
200.000 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.54.27 |
|
|
1 |
Rs.82.49 |
|
Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYN |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
3 |
|
--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 |
|
27 |
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.