MIRA
INFORM REPORT
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Report Date : |
25.04.2007 |
IDENTIFICATION DETAILS
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Name : |
CBS PUBLISHERS AND DISTRIBUTORS |
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Registered Office : |
4596/1-A, 11 Darya Ganj Delhi -110002. |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1968 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELC00878D |
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PAN No.: [Permanent
Account No.] |
AAAFC3826A |
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Legal Form : |
Partnership concern
with an unlimited liability of the partners |
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Line of Business : |
Publishers, Distributors, Importers and Traders of Medical
Technical, Engineering, Educational and all other all types of Books. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD300000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having fine track. Partners are reported as experienced, respectable and having satisfactory means of their own. Their trade relations are fair. Financial position is good. Payments are correct and as per commitments. The concern can be considered good for normal business
dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
4596/1-A, 11, Darya Ganj, New Delhi - 110002, India |
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Tel. No.: |
91-11-23271632/23289261 |
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Fax No.: |
91-11-23276712 |
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E-Mail : |
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Website : |
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Area : |
Leased -- 4000 sq.
ft. |
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Location : |
Commercial |
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Head Office : |
4596/1-A, 11, Darya Ganj, New Delhi – 110 002 |
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Tel. No.: |
91-11-23289261/23271632 |
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Fax No.: |
91-11-23276712 |
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E-Mail : |
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Website : |
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Warehouse: |
4596/1-A, 11, Darya Ganj, New Delhi – 110 002 |
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Area : |
50,000 sq. ft |
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Branches : |
Located at :- · CBS Plaza, 4819/11, Prahlad Street, 24 Ansari Road, Darya Ganj, New Delhi – 110 002 Tel. 91-11-23266861/23266867/23266808/23289259 Fax. 91-11-23276712 E-mail. cbspubs@del3.vsnl.net.in Website. http://www.cbspd.com · Seema House, 2975, 17th Cross, K. R. Road, Bansankari, IInd Stage, Bangalore – 560 070, Karnataka Tel. 91-80-26771678/26771679 Fax. 91-80-26771680 E-mail. cbsbng@vsnl.net |
PARTNERS
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Name : |
Mr. Satish Kumar Jain |
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Designation : |
Partner |
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Name : |
Mrs. Shanti Devi Jain |
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Designation : |
Partner |
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Name : |
Ms. Saroj Jain |
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Designation : |
Partner |
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Name : |
Mrs. Manju Jain |
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Designation : |
Partner |
KEY EXECUTIVES
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Name : |
Mr. Satish Kumar
Jain |
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Designation : |
Partner |
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Address : |
D-130, Preet
Vihar, New Delhi – 110 092 |
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Date of Birth/Age : |
1955 |
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Qualification : |
Graduate |
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Experience : |
31 years |
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Previous Employment: |
Own Business |
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BUSINESS DETAILS
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Line of Business : |
Publishers, Distributors, Importers and Traders of Medical
Technical, Engineering, Educational and all other all types of Books. |
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Exports : |
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Countries : |
Malaysia, Singapore, Pakistan, Bangladesh and Sri Lanka |
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Imports : |
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Countries : |
Singapore, USA, UK, France, Hong Kong and The Netherlands |
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Terms : |
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Selling : |
Credit (120/180 days) terms |
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Purchasing : |
Credit (90/120/180 days) terms |
GENERAL INFORMATION
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Suppliers : |
Ø Ravin Distributors, New Jersey, USA Ø Elsevier Group, UK and USA Ø Taylor & Francis, UK Ø Kluwer,
The Netherland |
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Customers : |
Wholesalers Ø UBS Publishers and Distributors Limited Ø Student Agency, Mumbai, Maharashtra Ø Delhi Book Store, Delhi Ø Higginbothams Limited, Chennai, Tamilnadu Ø Universal
Book Store, Delhi |
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No. of Employees : |
43 person |
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Bankers : |
Oriental Bank of Commerce, Chawri Bazar, Delhi – 110006 |
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Facilities : |
The concern enjoy cash credit facility of Rs. 20 millions
from it’s bankers |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
v Scientific International (Private) Limited 4561/16, Darya Ganj, New Delhi – 110 002 Tel. 91-11-23286096/23289263 Fax. 91-11-23276712 Subject was established in the year 1993. It concentrated on the import and distribution of what best is available in medical sciences as well as in science and technology. v Varun Exports CBS Plaza, 4819/11, Prahlad Street, 24 Ansari Road, Darya Ganj, New Delhi – 110 002 Tel. 91-11-23266861/23266867/23266808/23289259 Fax. 91-11-23276712 E-mail. cbspubs@del3.vsnl.net.in Website. http://www.cbspd.com |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.44.000 millions |
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Borrowed : |
-- |
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Total : |
Rs.44.000 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
35.586 |
24.547 |
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2] Share Application Money |
N.A |
N.A. |
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3] Reserves & Surplus |
N.A. |
N.A. |
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4] (Accumulated Losses) |
N.A. |
N.A. |
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NETWORTH |
35.586 |
24.547 |
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LOAN FUNDS |
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1] Secured Loans |
26.836 |
11.933 |
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2] Unsecured Loans |
18.353 |
14.803 |
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TOTAL BORROWING |
45.189 |
26.736 |
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DEFERRED TAX LIABILITIES |
N.A |
N.A |
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TOTAL |
80.775 |
51.283 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
15.442 |
8.502 |
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Capital work-in-progress |
N.A |
N.A |
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INVESTMENT |
N.A |
N.A |
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DEFERREX TAX ASSETS |
N.A |
N.A |
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CURRENT ASSETS, LOANS & ADVANCES |
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Closing Stock |
103.424
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81.668 |
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Sundry Debtors |
266.946 |
195.925 |
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Cash & Bank Balances |
4.863 |
3.422 |
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Other Current Assets |
N.A. |
N.A. |
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Loans & Advances |
7.163 |
3.850 |
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Total
Current Assets |
382.396 |
284.865 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
311.864 |
238.908 |
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Royalty Payable |
4.997 |
2.847 |
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Expenses Payable |
0.086 |
0.202 |
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T.D.S. Payable |
0.116 |
0.127 |
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Total
Current Liabilities |
317.063 |
242.084 |
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Net Current Assets |
65.333 |
42.781 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
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TOTAL |
80.775 |
51.283 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
500.000 |
488.634 |
371.212 |
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Other Income |
N.A. |
N.A. |
N.A. |
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Total Income |
500.000 |
488.634 |
371.212 |
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Profit/(Loss)
Before Tax |
N.A. |
8.886 |
9.213 |
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Provision for
Taxation |
N.A |
N.A. |
N.A. |
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Profit/(Loss)
After Tax |
N.A |
8.886 |
9.213 |
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Expenditures : |
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Total
Expenditure |
N.A |
34.709 |
27.267 |
KEY RATIOS
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PARTICULARS |
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31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
1.818 |
2.481 |
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Net Profit Margin (PBT/Sales) |
(%) |
1.818 |
2.481 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.119 |
3.140 |
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Return on Investment (ROI) (PBT/Networth) |
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0.249 |
0.375 |
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Debt Equity Ratio (Total Liability/Networth) |
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10.179 |
10.951 |
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Current Ratio (Current Asset/Current Liability) |
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1.206 |
1.176 |
LOCAL AGENCY FURTHER INFORMATION
History
Subject was established in the year 1968 at New Delhi in India as a partnership concern.
Subject have their roots in College Book Store, a busy retail bookshop at Nai Sarak in the walled city of Delhi. Nai Sarak in Delhi is well known for retail bookshops to cater to the needs of college and university level students. Established in 1958, College Book Store, over the years, has become the major retail centre for medical and technical books.
Set up in 1972, initially in East Delhi, CBSPD has had its phenomenal growth. In 1990, it shifted its operations to 11 Darya Ganj, New Delhi, a hub of book publishing and book distribution in New Delhi.
Subject opened its new and spacious showroom at 24 Ansari Road, New Delhi, in the year 1999, where a wide range of books are displayed for institutions and libraries to select their requirements.
To penetrate the market and to cater to the need of the book trade, educational and research institutions as well as the growing number of students in South India, the concern opened its branch office in Bangalore in the y ear 2002.
In the beginning, the concern started import of books, mainly from the British and American publishers, to cater to the growing need of educational and research institutions in the country. The import comprised academic books, textbooks and reference books in humanities, social sciences, pure and applied sciences, engineering and technology, medical sciences as well as children’s encyclopaedias.
With the concomitant growth of educational opprtunities and scholarship available in India, the concern initiated its indigenous publishing in 1979, with its first publications of Chaurasia’s Human Anatomy, which has now been revised four times and re-printed 12 times till 2003. The concern’s other fast selling titles include Dollar’s Veterinary Surgery, Parikh’s Medical Jurisprudence, Mahadevan’s Design Data Hand Book, Bhattacharya’s Short Case in Surgey, Chatterjee’s Hankbook of Ophthalmology, Shenoy’s Manipal Manual of Surgery and Jairath’s Problems and Solutions of Control Systems. By now, the concern has blossomed into India’s leading publishing cum book distribution organization. Its list has 1100 original titles and 400 reprints.
These authoritative books are written in simple language and meet the requirements of students of all levels.
Written by authors with scholarly background and professional excellence, the concern’s books, priced moderately, yet produced as per international standard, are preferred in India and other countries.
The concern has also brought out books of several overseas authors from South Pacific countries. Produced as per international standard with scintillating covers, these books reflect creative publishing and concern’s professional standard in book publishing.
It is representatives for following publishers :-
v John Wiley and Sons
v Elsevier Science
v Blackwell Science
v CRC Press
v Humana Press
v Jones and Bartlett
v Trident Press International
v Marcel Dekker
v Pearson Education
v Butterworth Heinemann
v Longman
v Routledge and Kegan Paul
v Taylor and Francis
v Cold Spring Harbor Limited
v Rockport
v Florida Publication International
v Arnold Cassells
v Haworth Press
v Hodders Stuoughten
It was set up in 1993 with a view to expand market of concern’s publications in the overseas market and to cater the need of students, scholars, Indian community, educational and research institutions in various countries. It has its office at 16, Darya Ganj and 24 Ansari Road, New Delhi. The Organisation is now exporting books even to the remotest corners of the world by offering a wide range of publications.
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 records 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
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Indian Rupees |
|
US Dollar |
1 |
Rs.41.64 |
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UK Pound |
1 |
Rs.83.11 |
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Euro |
1 |
Rs.56.46 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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54 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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