MIRA INFORM REPORT

 

 

Report No. :

318158

Report Date :

04.05.2015

 

IDENTIFICATION DETAILS

 

Name :

INDIA TRADE LINK PRIVATE LIMITED

 

 

Registered Office :

5698-5700, Basti Harphool Singh Sadar Thana Road, Delhi – 110006

Tel No.:

91-11-23683661

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

11.01.2001

 

 

Com. Reg. No.:

55-109158

 

 

Capital Investment / Paid-up Capital :

Rs. 9.895 Million

 

 

CIN No.:

[Company Identification No.]

U74899DL2001PTC109158

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELI03506G

 

 

PAN No.:

[Permanent Account No.]

AAACI8635E

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trading, Importing of ferrous and Non Ferrous Metal

 

 

No. of Employees :

13 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (43)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 200000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track.

 

The company’s performance was steady and it has achieved marginal growth in its turnover and profitability during FY 2014. Profit margin and liquidity of the company is fair.

 

Trade relations reported to be fair. Business is active. Payments are reported to be usually correct.

 

The company can be considered for business dealings at usual 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.

 

 

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.

 

 

INFORMATION PARTED BY (GENERAL INFORMATION)

 

Name :

Mr. Pramod

Designation :

Accounts

Contact No.:

91-11-23683661

Date :

23.04.2015

 

 

LOCATIONS

 

Registered Office :

5698-5700, Basti Harphool Singh Sadar Thana Road, Delhi – 110006, India

Tel. No.:

91-11-23683661

Fax No.:

Not Available

E-Mail :

vkkataria@gmail.com

Area :

Rented

 

 

Head Office :

B-35/3 Industrial Area, G T Karmal Road, Delhi – 110033, India

Tel. No.:

91-11-47004600

Fax No.:

91-11-47004666

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Rohit Gupta

Designation :

Director

Address :

B-3/13, Phase-II, Ashok Vihar, New Delhi – 110052, India

Date of Birth/Age :

10.09.1973

Date of Appointment :

11.01.2001

DIN No.:

00891210

 

 

Name :

Mr. Vikas Gupta

Designation :

Director

Address :

B-3/13, Phase-II, Ashok Vihar, New Delhi – 110052, India

Date of Birth/Age :

17.01.1978

Date of Appointment :

11.01.2001

DIN No.:

01047292

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

U74899DL2001PTC109158

INDIA TRADE LINK PRIVATE LIMITED

Director

11/01/2001

11/01/2001

-

Active

NO

2

U51909DL2006PTC144650

ITL COMMODITIES PRIVATE LIMITED

Additional director

20/03/2012

05/06/2008

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Pramod

Designation :

Accountant

 

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

No. of Shares

%age

Vikas Gupta

2079000

72.68

Rohit Gupta

236300

8.26

Sparsh Gupta

182800

6.39

Ruchika Gupta

124000

4.33

Jyoti Gupta

106000

3.71

Rohit Gupta (HUF)

15000

0.52

Vikas Gupta (HUF)

9000

0.31

Kashika Gupta

3000

0.10

Shain Gupta

13500

0.47

Chhavi Gupta

92000

3.22

 

 

 

Total

9895000

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 :

Trading, Importing of ferrous and Non Ferrous Metal

 

 

Products :

Not Available

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

 

Products :

Raw Material

Countries :
  • China
  • Malaysia
  • London

 

 

Terms :

 

Selling :

Cheque

 

 

Purchasing :

Cheque

 

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

 

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees:

13 (Approximately)

 

 

Bankers :

Banker Name

Standard Charted Bank

Branch Address

Not Divulged

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

 

 

Facilities :

(Rs. In Millions)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

Long Term Borrowing

 

 

ICICI Bank (Car Loan)

0.000

0.160

 

 

 

Short Term Borrowing

 

 

Standard chartered bank (c/c)

7.698

16.791

Standard chartered bank (buyers credit)

61.808

72.435

Term loan

 

 

      ICICI bank (car loan)

0.160

0.295

      Tata capital limited (car loan)

0.000

0.080

Total

69.666

89.761

 

Note:

Standard Charted Bank:

Overdraft and Working Capital Demand Loan Limit Taken against Primary of Stock in Trade, Trade Receivable, Personal Guarantee of Directors and also equitable mortgage over joint properties in the name of directors and their relatives.

 

Buyer Credit From Bank:

Repayable in period of 90 days from the date of reimbursement of loan against bank guarantee given by Standard Chartered Bank to the respective Bank in lieu of primary security of  Rs. 0.224 Million FDR as margin money and the equitable mortgage over joint properties in the name of Directors and their relatives given to the Standard Charted Bank.

 

Term Loan:

Car loans Taken against hypothecation of cars payable during the next financial year.

                                                   

Auditors :

 

Name :

V K Kataria And Company

Chartered Accountant

Address :

3-J, Gopala Tower, Rajendra Place, New Delhi – 110008, India

Tel. No.:

91-11-25712370/25816403

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Sister Concern :

LEZINI METALS PRIVATE LIMITED

 

 

CAPITAL STRUCTURE

 

As on 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1,000,000

Equity Shares

Rs.10/- each

Rs. 10.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

989,500

Equity Shares

Rs.10/- each

Rs. 9.895 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

9.895

9.895

9.895

(b) Reserves & Surplus

63.596

60.106

57.079

(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)

73.491

70.001

66.974

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 0.000

0.160

0.536

(b) Deferred tax liabilities (Net)

0.234

0.060

0.138

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

0.234

0.220

0.674

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

69.667

89.602

80.138

(b) Trade payables

14.968

3.185

2.214

(c) Other current liabilities

0.514

5.304

5.484

(d) Short-term provisions

4.142

3.391

3.537

Total Current Liabilities (4)

89.291

101.482

91.373

 

 

 

 

TOTAL

163.016

171.703

159.021

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

2.824

3.423

4.291

(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)

0.000

0.000

0.000

(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

2.824

3.423

4.291

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

 

 

(b) Inventories

21.533

50.834

34.223

(c) Trade receivables

84.254

78.369

87.910

(d) Cash and cash equivalents

2.811

1.524

1.589

(e) Short-term loans and advances

51.594

37.553

31.008

(f) Other current assets

 0.000

0.000 

 0.000

Total Current Assets

160.192

168.280

154.730

 

 

 

 

TOTAL

163.016

171.703

159.021

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

 

SALES TURNOVER

 

 

 

 

 

TOTAL                                    

 

594.800

542.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

 

N.A

                 N.A

 

 

 

 

 

 

PROFIT BEFORE TAX

 

N.A

N.A

 

 

 

 

 

Less

TAX                                                                 

 

N.A

N.A

 

 

 

 

 

 

PROFIT AFTER TAX

 

5.070

4.710

 

 

 

 

 

 

Earnings Per Share (Rs.)

 

5.12

4.76

 

 

                                                                                  KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT/Sales)

(%)

0.85

0.87

                  N.A

 

 

 

 

 

Operating Profit Margin

(PBDIT / Sales)

(%)

N.A

N.A

                  N.A

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

N.A

N.A

N.A

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

N.A

N.A

N.A

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.95

1.28

1.20

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.79

1.66

1.69

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Share Capital

9.895

9.895

9.895

Reserves & Surplus

57.079

60.106

63.596

Net worth

66.974

70.001

73.491

 

 

 

 

long-term borrowings

0.536

0.160

0.000

Short term borrowings

80.138

89.602

69.667

Total borrowings

80.674

89.762

69.667

Debt/Equity ratio

1.205

1.282

0.948

 

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2013

31.03.2014

 

(Rs. In Millions)

(Rs. In Millions)

Sales

542.000

594.800

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

 

(Rs. In Millions)

(Rs. In Millions)

Sales

542.000

594.800

Profit

4.710

5.070

 

0.87%

0.85%

 

 

 

 

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

Yes

9]

Name of person contacted

Yes

10]

Designation of contact person

Yes

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

Yes

20]

Export / Import details (if applicable)

Yes

21]

Market information

----------------------

22]

Litigations that the firm / promoter involved in

----------------------

23]

Banking Details

Yes

24]

Banking facility details

Yes

25]

Conduct of the banking account

----------------------

26]

Buyer visit details

----------------------

27]

Financials, if provided

Yes

28]

Incorporation details, if applicable

Yes

29]

Last accounts filed at ROC

Yes

30]

Major Shareholders, if available

Yes

31]

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

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

 

Charge Holder

Address

Service Request Number (SRN)

1

10330057

11/01/2013 *

76,500,000.00

Standard Chartered Bank

10, PARLIAMENT STREET, NEW DELHI, Delhi - 110001, 
INDIA

B66853839

2

10264903

11/01/2013 *

150,000,000.00

Standard Chartered Bank

10, PARLIAMENT STREET, NEW DELHI, Delhi - 110001, 
INDIA

B66853862

 

* Date of charge modification

 

 

FIXED ASSETS

 

  • Air Condition
  • Computer
  • Printer
  • Furniture and Fixture
  • Office Equipment
  • Cycle
  • Fax
  • Car
  • Generator
  • Motor
  • Vending machine
  • Generator

 

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 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.63.57

UK Pound

1

Rs.97.98

Euro

1

Rs.70.53

 

 

INFORMATION DETAILS

 

Information Gathered by :

KAM

 

 

Analysis Done by :

SUM

 

 

Report Prepared by :

RKI

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY 

1~10

4

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

5

--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

 

43

 

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.