MIRA INFORM REPORT
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Report No. : |
320783 |
|
Report Date : |
21.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
NMF EQUIPMENTS AND PLANTS PRIVATE LIMITED |
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Registered
Office : |
A-146, Kalkaji, New Delhi – 110019 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
03.04.1989 |
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Com. Reg. No.: |
55-035727 |
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Capital
Investment / Paid-up Capital : |
Rs.0.454 Million |
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CIN No.: [Company Identification
No.] |
U74899DL1989PTC035727 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELN01289B DELN06079D |
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PAN No.: [Permanent Account No.] |
AAACN3251F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Construction Equipments. |
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|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 200000 |
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|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payments are reported to
be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Brij Singh |
|
Designation : |
Director |
|
Contact No.: |
91-9810782910 |
|
Date : |
30.04.2015 |
LOCATIONS
|
Registered Office : |
A-152, Kalkaji, New Delhi – 110019, India |
|
Tel. No.: |
91-11-26436639 |
|
Mobile No.: |
91-9810782910 (Mr. Brij Singh) |
|
Fax No.: |
91-11-26436639 |
|
E-Mail : |
nmf_bps@yahoo.co.in anilsagarandco@gmail.com nmfeqpts@ndf.vsnl.net.in nmfgurukul@sancharnet.in |
|
Website : |
nmfindia.com |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
B-213, First Floor, Above HDFC Bank, Green Field Colony, Faridabad –
121003, Haryana, India |
|
Tel. No.: |
91-91-129-6517787 |
|
|
|
|
Factory : |
Street No.2, Plot No. 25, Gurukul Indraprastha Indusstrial Area,
Fatidabad – 121003, Hariyana, India |
DIRECTORS
As on 25.09.2014
|
Name : |
Mr. Brij Mohan Singh |
|
Designation : |
Director |
|
Address : |
A-148, Kalkaji, New Delhi - 110019 India |
|
Date of Birth/Age : |
26.03.1957 |
|
Date of Appointment : |
03.04.1989 |
|
Voter ID No.: |
DL/02/007/174428 |
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DIN No.: |
01196312 |
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|
|
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|
Name : |
Mr. Sukhbir Singh |
|
Designation : |
Director |
|
Address : |
A-146, Kalkaji, New Delhi - 110019, India |
|
Date of Birth/Age : |
28.03.1985 |
|
Date of Appointment : |
03.04.1989 |
|
Voter ID No.: |
DL/02/007/174418 |
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DIN No.: |
00596039 |
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|
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|
Name : |
Mr. Bhupinder Pal Singh |
|
Designation : |
Director |
|
Address : |
A-148, Kalkaji, New Delhi - 110019 |
|
Date of Birth/Age : |
01.04.1956 |
|
Date of Appointment : |
03.04.1989 |
|
Voter ID No.: |
DL/02/007/174405 |
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DIN No.: |
01196341 |
MAJOR SHAREHOLDERS
As on 25.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Bhupinder Pal Singh |
15138 |
33.33 |
|
Brij Mohan Singh |
15138 |
33.33 |
|
Sukhbir Singh |
15138 |
33.33 |
|
|
|
|
|
Total |
45414 |
100.00 |
As on 25.09.2015
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Construction Equipments. |
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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 : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
40 (Approximately) |
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Bankers : |
·
Punjab and Sind Bank, Guru Nanak Market, Hemkunt
Colony, New Delhi - 110048, India |
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Facilities : |
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Auditors : |
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Name : |
Anil Sagar and Company Chartered Accountants |
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Address : |
Pocket A-8/103, LGF, Swapan Kunj, Kalkaji Extention, New Delhi -
110019, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAJFA9927F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Entities over which key managerial personnel or their relatives
exercise significant influence : |
·
Dashmesh Engineering Projects ·
HKS Engineering Works ·
GTB Marketing and Services |
CAPITAL STRUCTURE
As on 25.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Million |
|
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45414 |
Equity Shares |
Rs.10/- each |
Rs.0.454
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 |
0.454 |
0.454 |
0.454 |
|
(b) Reserves & Surplus |
60.084 |
49.238 |
45.831 |
|
(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 |
|
Total
Shareholders’ Funds (1) + (2) |
60.538 |
49.692 |
46.285 |
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2.177 |
0.853 |
0.868 |
|
(b) Deferred tax liabilities
(Net) |
0.137 |
0.271 |
0.355 |
|
(c) Other long term
liabilities |
1.639 |
1.025 |
1.040 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
3.953 |
2.149 |
2.263 |
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
6.754 |
14.689 |
3.841 |
|
(b) Trade payables |
33.037 |
43.202 |
72.650 |
|
(c) Other current liabilities |
22.257 |
22.185 |
18.172 |
|
(d) Short-term provisions |
0.467 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
62.515 |
80.076 |
94.663 |
|
|
|
|
|
|
TOTAL |
127.006 |
131.917 |
143.211 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
26.981 |
30.634 |
30.767 |
|
(ii) Intangible Assets |
0.009 |
0.015 |
0.025 |
|
(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 |
0.050 |
0.050 |
24.177 |
|
(e) Other Non-current assets |
25.802 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
52.842 |
30.699 |
54.969 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4.765 |
6.229 |
11.483 |
|
(c) Trade receivables |
57.098 |
61.409 |
52.980 |
|
(d) Cash and cash equivalents |
8.425 |
29.361 |
17.790 |
|
(e) Short-term loans and
advances |
3.876 |
4.219 |
5.989 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
74.164 |
101.218 |
88.242 |
|
|
|
|
|
|
TOTAL |
127.006 |
131.917 |
143.211 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
98.510 |
96.834 |
150.450 |
|
|
Other Income |
14.522 |
4.232 |
9.833 |
|
|
TOTAL
|
113.032 |
101.066 |
160.283 |
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
Cost of Materials Consumed |
|
|
|
|
|
Purchases of Stock-in-Trade |
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|
|
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Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
|
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Employees benefits expense |
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|
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|
Other expenses |
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|
|
|
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TOTAL
|
96.107 |
93.607 |
141.701 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
16.925 |
7.459 |
18.582 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
NA |
NA |
0.771 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION |
NA |
NA |
17.811 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
2.088 |
2.007 |
1.841 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
14.837 |
5.452 |
15.970 |
|
|
|
|
|
|
|
Less |
TAX |
3.992 |
2.045 |
4.589 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
10.845 |
3.407 |
11.381 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
238.80 |
75.02 |
250.06 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
1.117 |
0.978 |
0.912 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
9.60 |
3.52 |
7.56 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
NA |
16.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(78.96) |
2.61 |
111.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.11 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.17 |
0.33 |
0.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
1.26 |
0.93 |
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 |
0.454 |
0.454 |
0.454 |
|
Reserves & Surplus |
45.831 |
49.238 |
60.084 |
|
Net
worth |
46.285 |
49.692 |
60.538 |
|
long-term borrowings |
0.868 |
0.853 |
2.177 |
|
Short term borrowings |
3.841 |
14.689 |
6.754 |
|
Current Maturities of Long
Term-Debts |
0.912 |
0.978 |
1.117 |
|
Total
borrowings |
5.621 |
16.520 |
10.048 |
|
Debt/Equity
ratio |
0.121 |
0.332 |
0.166 |
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 |
150.450 |
96.834 |
98.510 |
|
|
|
(35.637) |
1.731 |
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 |
150.450 |
96.834 |
98.510 |
|
Profit |
11.381 |
3.407 |
10.845 |
|
|
7.56% |
3.52% |
11.01% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
Yes |
|
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 |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
Yes |
|
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 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10322390 |
18/10/2011 |
800,000.00 |
PUNJAB & SIND BANK |
GURU NANAK MARKET, HEMKUNT COLONY, NEW DELHI, Delhi - 110048, INDIA |
B27562545 |
FIXED ASSETS
Tangible Assets
- Land
- Plant and Machinery
- Vehicle (Transit Mixers)
- Building (Factory)
- Building (Green Field)
- Furniture and Fittings
- Vehicle (Car and Van)
- Vehicle (Others)
- Computer
- Office Equipments
Intangible Assets
- 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 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 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.63.87 |
|
|
1 |
Rs.98.89 |
|
Euro |
1 |
Rs.70.73 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.