MIRA INFORM REPORT

 

 

Report No. :

334813

Report Date :

07.08.2015

 

IDENTIFICATION DETAILS

 

Name :

WIOSKA MOLDINGS PRIVATE LIMITED

 

 

Registered Office :

R-52, 3rd Floor, Vikas Marg, Shakarpur, New Delhi – 110092

Tel. No.:

91-11-22012352

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

31.03.1997

 

 

Com. Reg. No.:

086272

 

 

Capital Investment / Paid-up Capital :

Rs.7.100 Million

 

 

CIN No.:

[Company Identification No.]

U28939DL1997PTC086272

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Plastic Injection Moulded Components.

 

 

No. of Employees :

100 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (30)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 43000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Wioska Moldings Private Limited incorporated on 31st March, 1997 it is an established company having a moderate track.

 

The rating is constrained on account of company’s moderate financial risk profile marked by low reserves and huge external borrowing resulting in stretched liquidity position of the company.

 

The rating take consideration on company established track record and experience of the promoters.

 

However, trade relations are fair. Business is active. Payment terms 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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

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

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

Not Available

 

 

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 31-03-2013.

 

INFORMATION PARTED BY (GENERAL DETAILS)

 

Name :

Mr. Rakesh Rawat

Designation :

Accounts Manager

Contact No.:

91-9911907766

Date :

04.08.2015

 

 

LOCATIONS

 

Registered Office :

R-52, 3rd Floor, Vikas Marg, Shakarpur, New Delhi – 110092, India

Tel. No.:

91-11-22012352

Mobile No.:

91-9911907766 (Mr. Rakesh Rawat)

Fax No.:

Not Available

E-Mail :

roc@mbgupta.com

mbg_fca@hotmail.com

mbg.mca@hotmail.com

wioska@rediffmail.com

 

 

Factory 1 :

Industrial Plot No. 76, Block No. A, Sector No-80, Phase-II, Noida-201301, Uttar Pradesh, India

 

 

Factory 2 :

H-132, Sector -63, Gautam Budh Nagar, Noida-201301, Uttar Pradesh, India

Tel. No.:

91-120-4153407 / 2421168

 

 

Branch Office :

B-66, Sector-5, Noida-201301, Uttar Pradesh, India

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Pankaj Kumar Jindal

Designation :

Director

Address :

K-25, Sector – 11, Noida, Uttar Pradesh, India

Date of Appointment :

23.11.1999

PAN No.:

ABQPJ9031P

DIN :

00047180

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

Date of cessation

Company/ LLP status

Defaulting status

1

U28939DL1997PTC086272

WIOSKA MOLDINGS PRIVATE LIMITED

Director

23/11/1999

23/11/1999

-

Active

NO

2

U45202DL1989PTC035707

BLUE MOON DEVELOPERS PRIVATE LIMITED

Director

17/04/2008

17/04/2008

-

Active

NO

3

U74899DL1994PTC062088

PRATAP METALS PRIVATE LIMITED

Director

02/06/2008

02/06/2008

11/09/2013

Active

NO

4

U72300DL2008PTC180075

WIOSKA INFOSERVICE PRIVATE LIMITED

Director

25/06/2008

25/06/2008

-

Strike off

NO

 

 

Name :

Mrs. Savita Jindal

Designation :

Director

Address :

K-25, Sector – 11, Noida, Uttar Pradesh, India

Date of Birth/Age :

17.01.1990

PAN No.:

AEPPJ0776D

Date of Appointment :

19.02.2003

DIN :

00047206

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

Date of cessation

Company/ LLP Status

Defaulting status

1

U74899DL1994PTC062088

PRATAP METALS PRIVATE LIMITED

Director

12/03/2001

12/03/2001

11/09/2013

Active

NO

2

U28939DL1997PTC086272

WIOSKA MOLDINGS PRIVATE LIMITED

Director

19/02/2003

19/02/2003

-

Active

NO

3

U72300DL2008PTC180075

WIOSKA INFOSERVICE PRIVATE LIMITED

Director

25/06/2008

25/06/2008

-

Strike off

NO

 

 

Name :

Mr. Ashish Kumar Jindal

Designation :

Director

Address :

C-95, Sector-33, Noida-201301, Uttar Pradesh, India

PAN No.:

AKWPJ3512G

Date of Appointment :

28.09.2013

DIN :

06515633

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

Date of cessation

Company/ LLP Status

Defaulting status

1

U28939DL1997PTC086272

WIOSKA MOLDINGS PRIVATE LIMITED

Director

28/09/2013

21/06/2013

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Rakesh Rawat

Designation :

Accounts Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

No. of Shares

%age holding

Pankaj Kumar Jindal

617300

86.94

Savita Jindal

37500

5.28

Pankaj Kumar Jindal (HUF)

100

0.01

Ashish Kumar Jindal

55100

7.76

Total

710000

100.00

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2014

 

Category

Percentage

Directors or relatives of Directors

100.00

 

 

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Plastic Injection Moulded Components.

 

 

Products :

Plastic Injection Moulded Components.

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

 

Products :

Machinery

Countries :
  • China
  • Malaysia

 

 

Terms :

 

Selling :

Cash, L/C and Credit

 

 

Purchasing :

Cash, L/C and Credit

 

PRODUCTION STATUS : NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

100 (Approximately)

 

 

Bankers :

Bank Name

Bank of Baroda

Branch

SME Branch, P-5, Ocean Plaza, Sector 18, Noida - 201301, Uttar Pradesh, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

  • Bank of India
  • Bank of Baroda, SSI Branch
  • Small Industries Development Bank of India ( SIDBI), Plot No. 1, Block H-1A, Sector-63, Noida - 201301, Uttar Pradesh, India

 

 

Facilities :

Particular

As on

31.03.2014

As on

31.03.2013

 

Rs. In Million

LONG TERM BORROWINGS

 

 

Term Loans From Banks

 

 

Bank of Baroda

It is A Term Loan Against hypothecation of Car Repayable in 60 Monthly Installment of Rs.0.018 Million w.e.f. 01.05.2013. Rate of Interest is 10.50% p.a.

0.213

0.000

Axis Bank Car Loan

It is A Term Loan Against hypothecation of Car Repayable in 36 Monthly Inst. w.e.f. 04.06.2012. Rate of Interest is 10.50% p. a.

0.105

0.463

Term loan SIDBI

It is A Term Loan against equitable mortgage of Factory Land Building Situated at A-76, Sector-80, Noida and HYP. of Plant and Machinery Repayable in 50 Monthly Inst. Of Rs.0.096 Million w.e.f. 12.10.2011. Rate of Interest is 13.25% p. a.

0.960

1.927

Term loan SIDBI

It is A Term Loan E. M. of Factory Land Building Situated at H-132, Sector-63, Noida and hypothecation of Plant and Machinery Repayable in 54 Monthly Inst. Of Rs.0.090 Million w.e.f. 10.10.2013. It is Collectedly Secured by E. M. of Residential Situated at K 25, Sector-11, Noida. Rate of Interest is 12.75% p. a.

3.770

0.000

Term loan SIDBI

It is A Term Loan E. M. of Factory Land Building Situated at H-132, Sector-63, Noida and hypothecation of Plant and Machinery Repayable in 65 Monthly Inst. Of Rs.0.315 Million w.e.f. 10.10.2012. It is Collectedly Secured by E. M. of Residential Situated at K 25, Sector-11, Noida. Rate of Interest is 13.25% p. a.

10.745

16.435

 

 

 

From NBFC

 

 

India Bull Housing Finance Limited

It is A Term Loan Against E. M. of House property at C-94, Sector-33, Noida. Repayable in 215 Monthly Inst. of Rs. 0.042 Million w.e.f. 01.08.2011. Rate of Interest is 11.75% p.a.

3.305

3.382

India Bull Housing Finance Limited

It is A Term Loan, Repayable in 120 Monthly Inst. Of Rs. 0.215 Million w.e.f. 01.08.2011. Rate of Interest is 13.00% p.a.

10.057

11.122

L & T Finance Limited

It is term loan against hypothecation of DG set repayable in 36 monthly inst. of Rs.0.023 Million w.e.f. 10.06.2013 rate of interest is 13.92% p.a.

0.260

0.000

L & T Finance Limited

It is term loan against hypothecation of DG set repayable in 36 monthly inst. of Rs.0.092 Million w.e.f. 10.06.2013 rate of interest is 13.92% p.a.

0.118

0.000

L & T Finance Limited

It is term loan against hypothecation of DG set repayable in 36 monthly inst. of Rs.0.088 Million w.e.f. 10.06.2013 rate of interest is 13.91% p.a.

0.113

0.000

 

 

 

SHORT TERM BORROWINGS

 

 

Bank of Baroda O/D A/c

It is Overdraft Facility Against Hypothecation of Stock and Book debts, interest Rate 14.75%, It is Collectedly Secured By Corporate Guaranty of Pratap Metals Private Limited

0.0000

5.748

Bank of Baroda O/D A/c

It is Overdraft Facility Against Hypothecation of Stock and Book debts with CGTMSE guarantee cover at interest rate of 12.50%

10.234

0.000

Total

39.880

39.077

 

Auditors :

 

Name :

 M. B. Gupta and Company

Chartered Accountant

Head Office :

R-52, 3rd Floor, Vikas Marg, Shakarpur, Delhi – 110092, India

Tel. No.:

91-11-22012352

 

 

Branch Office :

C-9, Sector 19, Noida – 201301, Uttar Pradesh, India

Tel. No.:

91-120-4549057 58 / 59

Fax No. :

91-120-4323062

PAN No.:

AAGFM7201B

 

 

Memberships :

---

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

---

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

750,000

Equity Shares

Rs.10/- each

Rs.7.500 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

710,000

Equity Shares

Rs.10/- each

Rs.7.100 Million

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

7.100

7.100

7.100

(b) Reserves & Surplus

7.998

6.850

5.341

(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)

15.098

13.950

12.441

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

30.226

35.724

43.324

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.203

0.203

0.203

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

30.429

35.927

43.527

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

10.234

5.748

0.389

(b) Trade payables

10.298

11.180

4.173

(c) Other current liabilities

13.910

8.126

12.081

(d) Short-term provisions

0.309

0.743

1.020

Total Current Liabilities (4)

34.751

25.797

17.663

 

 

 

 

TOTAL

80.278

75.674

73.631

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

47.423

43.585

41.106

(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

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.197

0.489

0.400

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

47.620

44.074

41.506

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

9.655

5.067

0.928

(c) Trade receivables

13.214

10.489

13.308

(d) Cash and cash equivalents

4.244

9.348

7.606

(e) Short-term loans and advances

5.445

6.628

10.215

(f) Other current assets

0.100

0.068

0.068

Total Current Assets

32.658

31.600

32.125

 

 

 

 

TOTAL

80.278

75.674

73.631

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

79.856

81.111

73.756

 

Other Income

 

 

 

 

TOTAL

79.856

81.111

73.756

 

 

 

 

 

Less

EXPENSES

69.011

69.829

65.617

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

10.845

11.282

8.139

 

 

 

 

 

Less

FINANCIAL EXPENSES

6.728

7.217

3.949

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

4.117

4.065

4.190

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

2.496

1.902

1.473

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

1.621

2.163

2.717

 

 

 

 

 

Less

TAX

0.473

0.654

0.522

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

1.148

1.509

2.195

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 1.62

2.13 

-- 

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

 

 

 

Bank of Baroda Car Loans

0.000

0.079

0.142

ICICI Bank Car Loans 

It is a term loan against hypothecation of car repayable in 36 monthly installment of Rs.0.018 Million w.e.f. 01.05.2013, rate of interest is 10.50% p.a.]

0.178

0.000

0.000

Axis Bank Car Loans

[It is a term loan against hypothecation of car repayable in 36 monthly installment of Rs.0.035 Million w.e.f. 04.06.2012, rate of interest is 10.50% p.a.]

0.394

0.345

0.000

Term loan SIDBI

[It is A Term Loan against equitable mortgage of Factory Land Building Situated at A-76, Sector-80, Noida and HYP. of Plant and Machinery Repayable in 50 Monthly Inst. Of Rs.0.096 Million w.e.f. 12.10.2011. Rate of Interest is 13.25% p. a.]

1.152

1.152

1.152

Term loan SIDBI (New) A/c

0.000

0.720

1.440

Term loan SIDBI

It is A term loan e. m. of factory land building situated at H-132, Sector-63, Noida and hypothecation of plant and machinery repayable in 65 monthly inst. of Rs.0.315 million w.e.f. 10.10.2012. It is collectedly secured by e. m. of residential situated at K 25, sector-11, Noida. rate of interest is 13.25% p. a.

3.780

2.940

2.940

Loan SIDBI Bank

0.000

0.000

0.322

Term loan SIDBI Bank

0.000

0.250

0.706

Term loan SIDBI Bank

It is A term loan e. m. of factory land building situated at H-132, Sector-63, Noida and hypothecation of plant and machinery repayable in 54 monthly inst. of Rs.0.090 million w.e.f. 10.10.2013. It is collectedly secured by e. m. of residential situated at K 25, sector-11, Noida and Industrial plot situated at A-76, Sector – 80 Noida, rate of interest is 12.75% p. a.

1.080

0.000

0.000

From financial institution

 

 

 

India Bull Housing Finance Limited

It is A Term Loan Against E. M. of House property at C-94, Sector-33, Noida. Repayable in 215 Monthly Inst. of Rs. 0.042 Million w.e.f. 01.08.2011. Rate of Interest is 11.75% p.a.

0.078

0.068

0.060

India Bull Housing Finance Limited

It is A Term Loan, Repayable in 120 Monthly Inst. Of Rs. 0.215 Million w.e.f. 01.08.2011. Rate of Interest is 13.00% p.a.

1.065

0.936

0.822

L & T Finance Limited

It is term loan against hypothecation of DG set repayable in 36 monthly inst. of Rs.0.023 Million w.e.f. 10.06.2013 rate of interest is 13.92% p.a.

0.213

0.000

0.000

L & T Finance Limited

It is term loan against hypothecation of DG set repayable in 36 monthly inst. of Rs.0.092 Million w.e.f. 10.06.2013 rate of interest is 13.92% p.a.

0.086

0.000

0.000

L & T Finance Limited

It is term loan against hypothecation of DG set repayable in 36 monthly inst. of Rs.0.088 Million w.e.f. 10.06.2013 rate of interest is 13.91% p.a.

0.083

0.000

0.000

Total

8.109

6.490

7.584

Cash generated from operations

NA

NA

NA

Net cash flow from (used in) operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

1.44

1.86

2.98

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

13.58

13.91

11.04

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

2.02

2.88

3.71

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.11

0.16

0.22

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

3.22

3.44

4.12

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.94

1.22

1.82

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

7.100

7.100

7.100

Reserves & Surplus

5.341

6.850

7.998

Share Application money pending allotment

0.000

0.000

0.000

Net worth

12.441

13.950

15.098

 

 

 

 

long-term borrowings

43.324

35.724

30.226

Short term borrowings

0.389

5.748

10.234

Current Maturities of Long Term Debt

7.584

6.490

8.109

Total borrowings

51.297

47.962

48.569

Debt/Equity ratio

4.123

3.438

3.217

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

73.756

81.111

79.856

 

 

9.972

(1.547)

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

73.756

81.111

79.856

Profit

2.195

1.509

1.148

 

2.98%

1.86%

1.44%

 

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

---

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

Yes

17

Details of sister concerns

No

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

---

33

Market information

---

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

UNSECURED LOAN

                                                                                                                                                         (Rs. In Million)

Particular

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWINGS

 

 

From Director / Shareholder and Their Relatives

 

 

Pankaj Kumar Jindal

0.252

1.552

Pankaj Kumar Jindal (HUF)

0.000

0.026

Satish Kumar Verma

0.000

0.077

Savita Jindal

0.029

0.440

From Others

 

 

Body Corporate

Advantage Engineering and Development Private Limited

0.300

0.300

Total

0.581

2.395

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10535312

22/11/2014

1,500,000.00

BANK OF BARODA

SME BRANCH, SECTOR-18, NOIDA, NOIDA, UTTAR PRADES 
H - 201301, INDIA

C36203024

2

10454047

17/10/2013

4,850,000.00

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA ( SIDBI 
)

PLOT NO. 1, BLOCK H-1A, SECTOR-63, NOIDA, UTTAR P 
RADESH - 201301, INDIA

B87099545

3

10311751

31/10/2011 *

31,800,000.00

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

C-60, SECTOR-2, NOIDA, UTTAR PRADESH - 201301, IN 
DIA

B24014169

4

10273497

24/03/2011

4,800,000.00

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

C-60, SECTOR-2, NOIDA, UTTAR PRADESH - 201301, IND 
IA

B08658395

5

10210122

18/03/2010

2,400,000.00

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

C-60, SECTOR-2, NOIDA, UTTAR PRADESH - 201301, IN 
DIA

A82157470

6

10190861

11/12/2009

4,800,000.00

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

C-60, SECTOR-2, NOIDA, UTTAR PRADESH - 201301, IN 
DIA

A75319913

7

10002285

11/12/2007 *

9,800,000.00

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

C-60, SECTOR-2, NOIDA, UTTAR PRADESH - 201301, IN 
DIA

A28361079

8

90036660

30/07/2013 *

10,000,000.00

BANK OF BARODA

SME BRANCH, P-5, OCEAN PLAZA, SECTOR 18, NOIDA, U 
TTAR PRADESH - 201301, INDIA

B83509802

 

* Date of charge modification

 

WORKING RESULTS OF THE COMPANY 

 

The company has earned a profit of Rs.1.148 Million as compared to Rs.1.509 Million statement of profit earned during the previous year. The directors are trying for better results in the next year. 

 

FIXED ASSETS

 

  • Land
  • Building
  • Furniture and Fixture
  • Plant and Machinery
  • Office Equipment
  • Vehicle
  • Computer
  • Air Conditioner
  • Electric Instrument
  • Transformer
  • Generator
  • Scooter

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No records 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 records 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 sugges 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.63.76

UK Pound

1

Rs.99.60

Euro

1

Rs.69.70

 

 

INFORMATION DETAILS

 

Information Gathered by :

DPA

 

 

Analysis Done by :

KAS

 

 

Report Prepared by :

SNT

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILITY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--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

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

30

 

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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.