MIRA INFORM REPORT
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Report No. : |
352629 |
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Report Date : |
03.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
LUBRICHEM ENGINEERS PRIVATE LIMITED (w.e.f. 24.06.2015) |
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Formerly Known
As : |
RATAN METALS PRIVATE LIMITED (w.e.f. 10.03.2010) RATAN METAL WORKS PRIVATE LIMITED |
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Registered
Office : |
Flat No. C-701, Supreme Palms, SR. No.19/2 B, Balewadi, Pune-411045, Maharashtra |
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Tel. No.: |
Not Available |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
11.04.2007 |
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Com. Reg. No.: |
25-129942 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U27106PN2007PTC129942 |
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IEC No.: |
Not Applicable (Note:- As claimed by company management chat company
does not export and import) |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject Is engaged In the business of forging, framing, molding, casting
of equipments related to automotive and engineering industry. (Registered
Activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Even though the company was incorporated in the year 2007 it has not
commenced its commercial operations. Mr. Rajender Deswal, Director has provided information and claimed that
the company has commenced its business activities from November 2015. As per the available financials, the company has reported other income
of Rs. 0.001 Million and has not reported any revenue during the year 2014.
Further, the networth of the company is also eroded for the year 2013 and
2014. As per the status in the Registrar of Companies, business is active.
Payment terms are unknown. In view of aforesaid, the company can be considered for business
dealings on safe and secured 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Rajendra Deswal |
|
Designation : |
Director |
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Contact No.: |
91-9890621550 |
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Date : |
02.12.2015 |
LOCATIONS
|
Registered Office : |
Flat No. C-701, Supreme Palms, SR. No.19/2 B, Balewadi, Pune-411045, Maharashtra, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Factory and Warehouse: |
31/5/1, Shiwar Vasti, At Post – Marunji, Taluka – Mulashi, District –
Pune – 411057, Maharashtra, India |
DIRECTORS
As on: 29.09.2014
|
Name : |
Mr. Rajender Vasudev Deswal |
|
Designation : |
Director |
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Address : |
New Chanakya Co-Operative Housing Society, 352/2 Boat Club Road, Pune-411001, Maharashtra, India |
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Date of Birth/Age : |
06.06.1973 |
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Date of Appointment : |
11.04.2007 |
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DIN No.: |
02080931 |
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Name : |
Mrs. Saroj Rajendra Deswal |
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Designation : |
Director |
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Address : |
15, New Chanakya Apartment, Boat Club Road, Near UTI Bank, Pune-411001, Maharashtra, India |
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Date of Birth/Age : |
19.09.1973 |
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Date of Appointment : |
01.12.2009 |
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DIN No.: |
02112295 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Rajender Vasudav Deswal |
8000 |
80.00 |
|
Saroj Rajender Deswal |
1000 |
10.00 |
|
Kanchan Abhay Kumar |
1000 |
10.00 |
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Total |
10000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject Is engaged In the business of forging, framing, molding,
casting of equipments related to automotive and engineering industry. (Registered
Activity) |
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Products : |
- |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Auditors : |
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Name : |
Pankaj Surana and Company Chartered Accountants |
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Address : |
162/3, Pankaj Selection, Pudumjee Paper Mill Road, Thergaon, Pune-
411033,
Maharashtra, India |
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Mobile No.: |
91- 9822090050 |
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Email: |
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Pan: |
ARUPS4431J |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on: 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
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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 |
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(1)Shareholders' Funds |
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(a) Share Capital |
0.100 |
0.100 |
0.100 |
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(b) Reserves & Surplus |
(2.037) |
(2.037) |
(2.049) |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
(1.937) |
(1.937) |
(1.949) |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
3.429 |
3.441 |
4.440 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
3.429 |
3.441 |
4.440 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Trade
payables |
1.179 |
1.679 |
0.747 |
|
(c) Other
current liabilities |
0.272 |
0.272 |
0.272 |
|
(d) Short-term
provisions |
0.055 |
0.055 |
0.047 |
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Total Current
Liabilities (4) |
1.506 |
2.006 |
1.066 |
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TOTAL |
2.998 |
3.510 |
3.557 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
1.040 |
1.040 |
1.040 |
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(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.040 |
0.040 |
0.040 |
|
(d) Long-term Loan and Advances |
0.384 |
0.384 |
0.384 |
|
(e) Other Non-current
assets |
0.028 |
0.026 |
0.035 |
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Total Non-Current
Assets |
1.492 |
1.490 |
1.499 |
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(2)
Current assets |
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
1.316 |
1.387 |
1.386 |
|
(d) Cash
and cash equivalents |
0.011 |
0.438 |
0.443 |
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(e)
Short-term loans and advances |
0.090 |
0.090 |
0.090 |
|
(f) Other
current assets |
0.089 |
0.105 |
0.139 |
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Total
Current Assets |
1.506 |
2.020 |
2.058 |
|
|
|
|
|
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TOTAL |
2.998 |
3.510 |
3.557 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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Income |
0.000 |
0.028 |
0.917 |
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Other Income |
0.001 |
0.000 |
0.000 |
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TOTAL (A) |
0.001 |
0.028 |
0.917 |
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Less |
EXPENSES |
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Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
0.144 |
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Other expenses |
0.001 |
0.017 |
0.737 |
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TOTAL (B) |
0.001 |
0.017 |
0.881 |
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PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.000 |
0.011 |
0.036 |
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|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
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PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION (C-D) (E) |
0.000 |
0.011 |
0.036 |
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Less |
DEPRECIATION/
AMORTISATION (F) |
0.000 |
0.000 |
0.000 |
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PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
0.000 |
0.011 |
0.036 |
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Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
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PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
0.000 |
0.011 |
0.036 |
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Earnings Per
Share (Rs.) |
0.00 |
1.23 |
40.00 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net Cash flows from operating activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.00 |
39.29 |
3.93 |
|
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|
Operating Profit Margin (PBIDT/Sales) |
(%) |
0.00 |
39.29 |
3.93 |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.00 |
0.32 |
1.02 |
|
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Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
(0.01) |
(0.02) |
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|
Debt Equity Ratio (Total Debt /Networth) |
|
(1.77) |
(1.78) |
(2.28) |
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|
Current Ratio (Current Asset/Current Liability) |
|
1.00 |
1.01 |
1.93 |
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 |
0.100 |
0.100 |
0.100 |
|
Reserves and Surplus |
(2.049) |
(2.037) |
(2.037) |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
(1.949) |
(1.937) |
(1.937) |
|
|
|
|
|
|
long-term borrowings |
4.440 |
3.441 |
3.429 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
4.440 |
3.441 |
3.429 |
|
Debt/Equity ratio |
(2.278) |
(1.776) |
(1.770) |
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) |
|
Total Income |
0.917 |
0.028 |
0.001 |
|
|
|
(96.947) |
(96.429) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
0.917 |
0.028 |
0.001 |
|
Profit |
0.036 |
0.011 |
0.000 |
|
|
3.93% |
39.29% |
0.00% |
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 |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
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 |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note: Registered Office of the company has been shifted from “C-3, F Building, Suryodaya Complex, Kalbhor Nagar, Chinchwad, Pune – 411033, Maharashtra, India” to the present address.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG-TERM
BORROWINGS |
|
|
|
Un-Secured Loan |
3.429 |
3.441 |
|
|
|
|
|
Total |
3.429 |
3.441 |
INDEX OF CAHREGS:
NO CHARGES EXIST FOR COMPANY
FIXED ASSETS:
Tangible Assets
- Land
- Building
- Plant & Machinery
- Factory Shed
- Furniture & Fixtures
- Office Equipment
- Computers
Intangible Assets
- Goodwill
- Brands/Trademarks
- Computer software
- Master head and Publishing titles
- Mining rights
- Copyrights, Patents and other intellectual property rights, services and operating rights
- Licenses and franchise
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.66.62 |
|
|
1 |
Rs.100.34 |
|
Euro |
1 |
Rs.70.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
HMA |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
- |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
- |
|
--PROFITABILITY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
11 |
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.