MIRA INFORM REPORT
|
Report No. : |
319599 |
|
Report Date : |
02.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
DEHN INDIA PRIVATE LIMITED |
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|
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|
Registered
Office : |
German House, 2, Nyaya Marg, Chanakyapuri, New Delhi - 110021 |
|
Tel. No.: |
91-124 4007680 |
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Country : |
India |
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Financials (as
on) : |
30.06.2014 |
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Date of
Incorporation : |
07.10.2011 |
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Com. Reg. No.: |
225987 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U74999DL2011FTC225987 |
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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
: |
Manufacturer of lightning protection, surge protection, safety equipment, wind mills, oil, gas, pipelines, refineries etc. |
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No. of Employees
: |
Not Available |
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 60000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. For the financial year ended 2014, the company has reported sales
turnover growth of 37.29% and it has achieved profit during a year under a
review. However, due to accumulated incurred losses over a year networth
position of the company got hampered and it has resulted into weak balance
sheet position of the company. Trade relations are reported as fair. Payments are reported to be slow
but correct. In view of weak networth profile, 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
31-03-2014.
LOCATIONS
|
Registered Office : |
German House, 2, Nyaya Marg, Chanakyapuri, New Delhi – 110021, India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory : |
Plot No. 213, Sector - 7, IMT Manesar, Gurgaon -122050, Haryana, India |
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Tel. No.: |
91-124-4007680 |
|
Fax No.: |
91-124-4007684 |
DIRECTORS
As on 05.09.2014
|
Name : |
Vikas Almadi |
|
Designation : |
Director |
|
Address : |
House No. 116/18, Laxmi Garden, Gurgaon - 122001, Haryana, India |
|
Date of Appointment : |
07.10.2011 |
|
DIN No.: |
00847553 |
|
|
|
|
Name : |
Philipp Michael Eberhard Dehn |
|
Designation : |
Director |
|
Address : |
Koppenmuehlweg 24, Neumarkt I.D. Op. F, Germany, 92318, Germany |
|
Date of Birth/Age : |
17.11.1977 |
|
Date of Appointment : |
07.10.2011 |
|
DIN No.: |
03607693 |
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|
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|
Name : |
Franz Herbert Wolfrum |
|
Designation : |
Director |
|
Address : |
15, Alfred-Bischoff-Strasse, Woffenbach, Neumarkt I D Opf, 92318, Germany |
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Date of Birth/Age : |
18.12.1961 |
|
Date of Appointment : |
07.10.2011 |
|
DIN No.: |
03607702 |
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|
|
|
Name : |
Helmut Josef Pusch |
|
Designation : |
Director |
|
Address : |
Fichtenstrasse 6 A,, Seubersdorf I.D. Opf. Germany, 92358, Germany |
|
Date of Birth/Age : |
16.05.1970 |
|
Date of Appointment : |
07.10.2011 |
|
DIN No.: |
03607713 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 05.09.2014
|
Names of Shareholders |
No. of Shares |
%age holding |
|
DEHN Beteiligungen GmbH, Germany |
2499500 |
99.98 |
|
Dehn'sche Verwaltungsgesellschaft mit beschrankter Haftung |
500 |
0.02 |
|
|
|
|
|
Total |
2500000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 05.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of lightning protection, surge protection, safety equipment, wind mills, oil, gas, pipelines, refineries etc. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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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 : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Auditors : |
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Name : |
Neeraj Mittal and Associates Chartered Accountants |
|
Address : |
S-185, Second Floor, Greater Kailash, Part Two, New Delhi – 110048,
India |
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Mobile No.: |
91- 9810148364, 9811351183 |
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E-Mail : |
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Website: |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAIFN4155B |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
Dehn Beteiligungun Gmbh and Company |
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Associates : |
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Companies in which Key
Management Person or his relative have substantial Interest / significance influence : |
Vrinda Nano Technologies Private Limited |
CAPITAL STRUCTURE
AS ON 30.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,500,000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,500,000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Million |
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.06.2014 |
30.06.2013 |
07.10.2011 TO 30.06.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
25.000 |
25.000 |
25.000 |
|
(b) Reserves &
Surplus |
(5.031) |
(11.011) |
(2.378) |
|
(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) |
19.969 |
13.989 |
22.622 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.816 |
0.512 |
0.208 |
|
Total Non-current
Liabilities (3) |
0.816 |
0.512 |
0.208 |
|
|
|
|
0.000 |
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
75.514 |
58.438 |
40.361 |
|
(c) Other current
liabilities |
7.654 |
6.074 |
2.360 |
|
(d) Short-term provisions |
0.117 |
0.019 |
0.030 |
|
Total Current Liabilities
(4) |
83.285 |
64.531 |
42.751 |
|
|
|
|
|
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TOTAL |
104.070 |
79.032 |
65.581 |
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II.
ASSETS |
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|
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|
(1) Non-current assets |
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|
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|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.444 |
1.342 |
1.385 |
|
(ii) Intangible Assets |
0.267 |
0.228 |
0.240 |
|
(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) |
1.257 |
4.924 |
1.063 |
|
(d) Long-term Loan and Advances |
1.050 |
1.050 |
1.050 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
4.018 |
7.544 |
3.738 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
13.039 |
6.699 |
3.423 |
|
(c) Trade receivables |
78.769 |
39.109 |
43.246 |
|
(d) Cash and cash
equivalents |
5.642 |
23.026 |
14.423 |
|
(e) Short-term loans and
advances |
2.602 |
2.654 |
0.751 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
100.052 |
71.488 |
61.843 |
|
|
|
|
|
|
TOTAL |
104.070 |
79.032 |
65.581 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.06.2014 |
30.06.2013 |
07.10.2011 TO 30.06.2012 |
|
|
SALES |
|
|
|
|
|
Income |
230.001 |
167.528 |
68.960 |
|
|
Other Income |
0.581 |
0.910 |
0.539 |
|
|
TOTAL |
230.582 |
168.438 |
69.499 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
176.801 |
143.215 |
63.294 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(6.339) |
(3.277) |
(3.423) |
|
|
Employees benefits
expense |
15.877 |
16.100 |
5.939 |
|
|
Other expenses |
31.836 |
24.368 |
6.913 |
|
|
TOTAL |
218.175 |
180.406 |
72.723 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
12.407 |
(11.968) |
(3.224) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.540 |
0.526 |
0.218 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
11.867 |
(12.494) |
(3.442) |
|
|
|
|
|
|
|
Less |
TAX |
5.888 |
(3.861) |
(1.064) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
5.979 |
(8.633) |
(2.378) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Commission |
0.000 |
3.166 |
3.544 |
|
|
TOTAL EARNINGS |
0.000 |
3.166 |
3.544 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Traded Goods |
156.987 |
129.372 |
50.713 |
|
|
TOTAL IMPORTS |
156.987 |
129.372 |
50.713 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
2.39 |
(3.45) |
(1.56) |
KEY RATIOS
|
PARTICULARS |
|
30.06.2014 |
30.06.2013 |
07.10.2011 TO 30.06.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.60 |
-5.15 |
-3.45 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.39 |
-7.14 |
-4.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.54 |
-16.86 |
-5.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.59 |
-0.89 |
-0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.11 |
1.45 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
07.10.2011 to 30.06.2012 |
30.06.2013 |
30.06.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
25.000 |
25.000 |
25.000 |
|
Reserves & Surplus |
(2.378) |
(11.011) |
(5.031) |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
22.622 |
13.989 |
19.969 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
07.10.2011 to 30.06.2012 |
30.06.2013 |
30.06.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
68.960 |
167.528 |
230.001 |
|
|
|
142.935 |
37.291 |
NET PROFIT MARGIN
|
Net Profit Margin |
07.10.2011 to 30.06.2012 |
30.06.2013 |
30.06.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
68.960 |
167.528 |
230.001 |
|
Profit/Loss |
(2.378) |
(8.633) |
5.979 |
|
|
(3.45%) |
(5.15%) |
2.60% |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
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 |
No |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES : NO
CHARGES EXIST FOR COMPANY
FIXED ASSETS
TANGIBLE ASSETS
- Computers
- Furniture and Fixtures
- Office equipment
- Vehicle
INTANGIBLE ASSETS
- Computer Software
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 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 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.63.20 |
|
|
1 |
Rs.97.01 |
|
Euro |
1 |
Rs.69.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
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 |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.