MIRA INFORM REPORT
|
Report No. : |
355371 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ENCRAFT INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
13th Floor, Dr. Gopaldas Bhawan, Barakhamba Road, Connaught Place New Delhi – 110001 |
|
Tel. No.: |
91-11-43508442 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
28.01.2013 |
|
|
|
|
Com. Reg. No.: |
55-247629 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 40.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25200DL2013PTC247629 |
|
|
|
|
IEC No.: |
0512089116 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELE06794E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCE2725N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in manufacturing of UPVC Doors and
Window Profiles. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 351000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company incorporated in the year 2013
having satisfactory track record. Management of the company has not filed its financial with the
government department for the year 2015. As per available financial of 2014, the company has incurred a loss
from its first year of business operations. Their trade relations are reported as fair. Business is active.
Payments terms are reported as slow. The company can be considered for business dealings with great
caution. |
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|
|
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
31-03-2015.
LOCATIONS
|
Registered Office : |
13th Floor, Dr. Gopaldas Bhawan, Barakhamba Road, Connaught
Place, New Delhi – 110001, India |
|
Tel. No.: |
91-11-43508442 / 23730505 / 23324156 / 23324113 / 23730606 |
|
Mobile No.: |
91-9953086696 (Mr. Paresh Nath Sharma) 91-9560472177 (Mr. Rakesh Rawat) |
|
Fax No.: |
91-11-43508442 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory : |
Khasra No – 1000-1001, Beehive College Road, Central Hope Town, Selaqui, Dehradun, New Delhi -248197, India |
|
E-Mail : |
|
|
Area : |
40000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office 1 : |
Gat No. 381-382, Village Wing, Taluka Khandala, District Satara – 412 801, Maharashtra, India |
|
Area : |
4870 Sq ft |
|
Location : |
Rented |
|
|
|
|
Branch Office 2 : |
C-31, Industrial Estate, Sanathnagar, Hyderabad – 500 018, Andhra Pradesh, India |
|
Area : |
7911 Sq ft |
|
Location : |
Rented |
|
|
|
|
Branch Office 3 : |
55/2, Hoody K.R. Puram Road, Hoody Village, Bangalore, Karnataka, India |
|
Area : |
6000 sq ft |
|
Location : |
Rented |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Devendra Chandra Jain |
|
Designation : |
Director |
|
Address : |
D-6, Kalindi Colony, New Delhi–110065, India |
|
Date of Birth/Age : |
04.08.1941 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
28.01.2013 |
|
DIN No.: |
00070922 |
|
|
|
|
Name : |
Mr. Rajeev Jain |
|
Designation : |
Director |
|
Address : |
D-6, Kalindi Colony, New Delhi–110065, India |
|
Date of Birth/Age : |
03.04.1969 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
28.01.2013 |
|
DIN No.: |
00271809 |
|
|
|
|
Name : |
Mr. Nitin Jain |
|
Designation : |
Director |
|
Address : |
D-6, Kalindi Colony, New Delhi–110065, India |
|
Date of Birth/Age : |
22.04.1975 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
28.01.2013 |
|
DIN No.: |
00071131 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Rajeev Jain |
1200000 |
29.93 |
|
Devendra
Chandra Jain |
1600000 |
39.90 |
|
Ajay Poly Private Limited, India |
10000 |
0.25 |
|
Nitin Jain |
1200000 |
29.93 |
|
Total |
4010000 |
100.00 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
0.25 |
|
Directors or relatives of Directors |
99.75 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in manufacturing of UPVC Doors and
Window Profiles. (Registered Activity) |
|
|
|
|
Products : |
UPVC Doors and Windows |
|
|
|
|
Brand Names : |
ENCRAFT |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS (As on 31.03.2013)
|
Particulars |
Installed
Capacity |
Actual
Production |
|
UPVC doors and windows profiles |
400 mt ton per month |
300 mt ton per month |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Sanjeev Jagdish Chand and Associates Chartered Accountants |
|
Address : |
7A, Highway Apartments, DDA SFS Flats, Site-1, Gazipur, New Delhi -
110096, India |
|
Tel. No.: |
91-120-4561947 |
|
Fax No.: |
91-120-4561947 |
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E-Mail : |
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PAN No.: |
ABPFS3735E |
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|
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
Associates Company : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4010000 |
Equity Shares |
Rs.10/- each |
Rs.40.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
40.100 |
0.100 |
|
(b) Reserves &
Surplus |
|
82.900 |
0.000 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
123.000 |
0.100 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
299.178 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
|
3.911 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
4.714 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
307.803 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
16.554 |
0.000 |
|
(b) Trade payables |
|
16.233 |
0.000 |
|
(c) Other current
liabilities |
|
7.531 |
0.520 |
|
(d) Short-term provisions |
|
0.889 |
0.000 |
|
Total Current Liabilities
(4) |
|
41.207 |
0.520 |
|
|
|
|
|
|
TOTAL |
|
472.010 |
0.620 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
185.359 |
0.000 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.032 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
20.245 |
0.000 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
205.604 |
0.032 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
150.254 |
0.000 |
|
(c) Trade receivables |
|
41.455 |
0.000 |
|
(d) Cash and cash equivalents |
|
31.734 |
0.588 |
|
(e) Short-term loans and
advances |
|
42.463 |
0.000 |
|
(f) Other current assets |
|
0.500 |
0.000 |
|
Total Current Assets |
|
266.406 |
0.588 |
|
|
|
|
|
|
TOTAL |
|
472.010 |
0.620 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
|
NA |
NA |
|
|
Other Income |
|
NA |
NA |
|
|
TOTAL |
|
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
(13.189) |
0.000 |
|
|
|
|
|
|
|
Less |
TAX |
|
3.910 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
(17.099) |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
|
(4.26) |
0.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
Cash generated from operations |
|
NA |
NA |
|
Cash inflow (outflow) from operating activities |
|
(207.458) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
(2.79) |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
(0.11) |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
2.57 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
6.47 |
1.13 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.100 |
40.100 |
|
Reserves & Surplus |
0.000 |
82.900 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
|
Net worth |
0.100 |
123.000 |
|
|
|
|
|
long-term borrowings |
0.000 |
299.178 |
|
Short term borrowings |
0.000 |
16.554 |
|
Total borrowings |
0.000 |
315.732 |
|
Debt/Equity ratio |
0.000 |
2.567 |
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 |
Yes |
|
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 |
Yes |
|
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 two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last two 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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans from related parties |
|
|
|
Devendra
Chandra Jain |
101.708 |
0.000 |
|
Other |
|
|
|
Devendra
Chandra Jain HUF |
101.543 |
0.000 |
|
Anuradha Jain |
11.514 |
0.000 |
|
Jain |
14.799 |
0.000 |
|
Total |
229.564 |
0.000 |
COMPANY OVERVIEW:
ENCRAFT is a product brand of subject the flagship company of the DCJ Group. The company is engaged in manufacturing of UPVC Doors and Window Profiles. Company is certified to and operate an Integrated Management System (IMS), ISO9001, ISO 140001 and OHSAS 180001 standards ensuring that all their operations meet international standards, covering design, manufacturing, supply and service. Taking into Consideration quality stele, elegance and innovation, they strive hard to stand up to the expectations of their customers at all times.
FIXED ASSETS:
· Plant and Machinery
· Factory building
· Generator
· Lift
· Vehicles
· furniture and fixture
· office equipment
· computers
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.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.