|
Report Date : |
09.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
BERLIA ELECTRICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Village Johripur, Gokulpuri, New Delhi-110014 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
05.03.1990 |
|
|
|
|
Com. Reg. No.: |
55-039406 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.825
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1990PTC039406 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is mainly engaged in the Manufacturing of PVC Pipes and
HDPE Pipes, Plumbing Pipes. |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 10800 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There appears
accumulated losses recorded by the company during the financial year 2013. However, trade relations are fair. Business is active. Payment terms
are slow. The company can be considered for business dealing with some caution. The profit and loss of the company is not available. |
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 |
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as the
cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
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. Varun |
|
Designation : |
Manager |
|
Contact No.: |
91-9212220251 |
|
Date : |
30.12.2013 |
LOCATIONS
|
Registered Office : |
Village Johripur, Gokulpuri, New Delhi-110014, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9212220251 [Mr. Varun] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
No. 1684/85, Rai Industrial Estate, HSIDC, Sonipat-131029, Haryana,
India |
|
Tel No.: |
91-130-6991844/2366701 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Dilip Kumar Berlia |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
F-81, Kamla Nagar, Delhi-100007, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
13.12.1964 |
||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2009 |
||||||||||||||||||||||||
|
Din No.: |
01114070 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mrs. Laxmidevi Berlia |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
F-81, Kamla Nagar, Delhi-100007, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
17.03.1958 |
||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2009 |
||||||||||||||||||||||||
|
Din No.: |
01314441 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Varun |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Motilal Agarwal |
|
2747 |
|
Bhagwan Das Berlia |
|
8283 |
|
Dilip Kumar Berlia |
|
5998 |
|
Laxmidevi Berlia |
|
9951 |
|
Bhagwati Prasad Agarwal |
|
1 |
|
Damodar Prasad Agarwal |
|
1 |
|
Dinesh Kumar Dalmia |
|
1 |
|
Shiv Shanker Agarwal |
|
1 |
|
Sanjay Kumar Agarwal |
|
1 |
|
Mangtu Ram Agarwal |
|
1 |
|
Chanan Mal Agarwal |
|
1 |
|
K.K. Agarwal |
|
1 |
|
S.K. Bansal |
|
1 |
|
Mohan Lal Agarwal |
|
1 |
|
Geetadevi Berlia |
|
8251 |
|
Prabha Berlia |
|
3001 |
|
Ramesh Kumar Agarwal |
|
1 |
|
Chander Kala |
|
1 |
|
Binod Kumar |
|
1 |
|
Nayan Jhaveri |
|
2 |
|
Rajesh Kumar Gupta |
|
1 |
|
Varun Berlia |
|
1 |
|
Pankaj Berlia |
|
2 |
|
|
|
|
|
TOTAL
|
|
38250 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is mainly engaged in the Manufacturing of PVC Pipes and
HDPE Pipes, Plumbing Pipes. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
Punjab National Bank, Rai, Sonepat-131001,
Haryana, India ·
Kotak Mahindra Bank |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gupta Anil and Company Chartered Accountants |
|
Address : |
7/38, Ansari Road, Darya Ganj, New Delhi-110002, India |
|
PAN No: |
AAAFG3612L |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
40000 |
Equity Shares |
Rs.100/- each |
Rs.4.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
38250 |
Equity Shares |
Rs.100/-
each |
Rs.3.825
Millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
3.825 |
3.825 |
3.825 |
|
(b) Reserves & Surplus |
(1.104) |
(1.174) |
(1.192) |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
2.721 |
2.651 |
2.633 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
9.910 |
12.876 |
12.542 |
|
(b) Deferred tax liabilities (Net) |
0.090 |
0.110 |
0.108 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
10.000 |
12.986 |
12.650 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
6.327 |
3.927 |
1.708 |
|
(b)
Trade payables |
1.174 |
1.583 |
0.954 |
|
(c)
Other current liabilities |
0.675 |
0.551 |
0.280 |
|
(d) Short-term
provisions |
0.051 |
0.030 |
0.040 |
|
Total Current
Liabilities (4) |
8.227 |
6.091 |
2.982 |
|
|
|
|
|
|
TOTAL |
20.948 |
21.728 |
18.265 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
9.624 |
10.532 |
10.159 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.006 |
0.006 |
0.006 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.166 |
0.167 |
0.166 |
|
(e) Other
Non-current assets |
0.000 |
0.002 |
0.008 |
|
Total Non-Current
Assets |
9.796 |
10.707 |
10.339 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
4.627 |
4.636 |
4.119 |
|
(c)
Trade receivables |
4.879 |
5.384 |
3.032 |
|
(d) Cash
and cash equivalents |
0.536 |
0.425 |
0.299 |
|
(e)
Short-term loans and advances |
0.537 |
0.248 |
0.317 |
|
(f)
Other current assets |
0.573 |
0.328 |
0.159 |
|
Total
Current Assets |
11.152 |
11.021 |
7.926 |
|
|
|
|
|
|
TOTAL |
20.948 |
21.728 |
18.265 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
5.97
|
6.34 |
5.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35
|
1.03 |
2.65 |
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 |
No |
|
12] |
Profitability for last three years |
No |
|
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 |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10458811 |
21/10/2013 |
537,000.00 |
PUNJAB NATIONAL
BANK |
RAI, SONEPAT -
131001, HARYANA, INDIA |
B89001192 |
|
2 |
10458805 |
20/10/2013 |
5,500,000.00 |
PUNJAB NATIONAL
BANK |
RAI, SONEPAT -
131001, HARYANA, INDIA |
B89000525 |
|
3 |
10206732 |
21/06/2011 * |
4,000,000.00 |
PUNJAB NATIONAL
BANK |
RAI, SONEPAT -
131029, HARYANA, INDIA |
B14716062 |
|
4 |
10000564 |
13/02/2006 |
1,500,000.00 |
PUNJAB NATIONAL
BANK |
CHANDNI CHOWK,
DELHI - 110006, INDIA |
A00097667 |
|
5 |
80060700 |
21/12/2010 * |
1,900,000.00 |
HARYANA
FINANCIAL CORPORATION |
BAYS NO. 17, 18
& 19, SECTOR- 17, CHANDIGARH, CHANDIGARH - 160017, INDIA |
B03404100 |
|
6 |
90032958 |
28/01/1993 |
850,000.00 |
PUNJAB NATIONAL
BANK |
CHANDNI CHOWK,
DELHI - 110006, INDIA |
- |
|
* Date of charge modification |
||||||
PERFORMANCE AND
FINANCE:
During the year,
the sales have increased by Rs. 0.177 million, increase of approx. 0.96% over
the last year.
Profits before tax
have increase by Rs. 0.050 million. The board proposes to carry a credit
balance of Rs. 0.070 million to Profit and Loss Account.
The Directors are
always well assisted by the staff and devotion of both of them will take the
company a long way in the next few years.
The Bankers are
satisfied with the conduct of Cash Credit accounts of the company. No material
changes and commitments have accrued from the date of the Balance Sheet to the
date of this report, which may effect the financial position of the company.
No employees of
the company were in receipt of remuneration aggregating to Rs. 6.000 millions
or more, per annum or Rs. 0.500 million or more per month, where any employee
was employed for a part of the year.
The Company is
consuming minimum possible electricity / power. No technology was imported from
outside India by the company during the year ending 31.03.2013. Neither any
expenditure in foreign currency incurred nor any imports of goods, materials,
services was made from outside India during the year.
Commercial
production in the Factory at Rai (Haryana) was satisfactory during the year.
|
Unsecured Loan |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
Loans and Advances
From Related Parties |
|
|
|
From Director |
2.987 |
5.331 |
|
Other Loans and Advances |
4.446 |
4.185 |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
From Related Parties |
2.294 |
0.000 |
|
TOTAL
|
9.727 |
9.516 |
FIXED ASSETS:
·
Air Conditioner
·
Building
·
Cycle
·
Car
·
Electronic Scale
·
Furniture and Fixture
·
Plant and Machinery
·
Plot
·
Mobile Phone
·
Computer
·
Invertor
·
Water Motor
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.62.24 |
|
|
1 |
Rs.102.17 |
|
Euro |
1 |
Rs.84.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
2 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.