MIRA
INFORM REPORT
|
Report Date : |
18.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
UBS PUBLISHERS DISTRIBUTORS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
17.05.1969 |
|
|
|
|
Com. Reg. No.: |
55-5042 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74899DL1969PTC005042 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELU02210F |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACU0042R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Publishers and Distributors of
Books and Journals. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 140000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established and reputed company having satisfactory track
records. Directors are reported as experienced and respectable businessmen.
Trade relations are reported as fair. Business is active. Payments are
usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
|
Registered Office : |
|
|
Tel. No.: |
91-11-23273601-04 / 23266646 / 23274261 |
|
Fax No.: |
91-11-23276593 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
|
Name : |
Mr. Chandra Mahon Chawla |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
M – 74, Greater Kailash II, |
|
Date of Birth/Age : |
24.12.1940 |
|
Date of Appointment : |
17.05.1969 |
|
Date of Ceasing : |
08.01.2005 |
|
|
|
|
Name : |
Mr. Sukumar Das |
|
Designation : |
Director |
|
Address : |
268, Sector A, Pocket C, Vasant Kunj, |
|
Date of Birth/Age : |
03.07.1942 |
|
Date of Appointment : |
01.04.2004 |
|
Other Directorship : |
GO Book Shopping Com Private Limited U72900DL2000PTC108701 |
|
|
|
|
Name : |
Mr. Anshul Chawla |
|
Designation : |
Director |
|
Address : |
M – 74, Greater Kailash II, |
|
Date of Birth/Age : |
19.07.1975 |
|
Date of Appointment : |
01.04.2001 |
|
|
|
|
Name : |
Mr. Ravindra Sharma |
|
Designation : |
Director |
|
Address : |
III, E 86, Nehru Nagar, |
|
Date of Birth/Age : |
30.06.1957 |
|
Date of Appointment : |
01.04.2001 |
|
Other Directorship : |
GO Book Shopping Com Private Limited U72900DL2000PTC108701 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Estate of Raj Chawla |
|
574 |
|
Ashok Kumar Chawla |
|
01 |
|
Sharda Chawla |
|
01 |
|
Shakuntala Rajendra Kumar |
|
01 |
|
C M Chawla – Karta |
|
200 |
|
A K Chawla – Karta |
|
01 |
|
Pomila Chawla |
|
01 |
|
Piyush Chawla |
|
300 |
|
Nupur Kumaraswami |
|
1710 |
|
Sukumar Das |
|
01 |
|
Anshul Chawla |
|
6712 |
|
Ravindra Sharma |
|
01 |
|
Total |
|
9503 |
|
|
|
|
|
Equity Share
Breakup |
|
|
|
Category |
|
Percentage of
Holding |
|
Directors of relatives of directors |
|
100.00 |
|
|
|
|
BUSINESS DETAILS
|
Line of Business : |
Publishers and Distributors of
Books and Journals. |
GENERAL INFORMATION
|
Bankers : |
Canara Bank,
Darya Ganj, |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
S. C. Vasudeva and Company Chartered Accountants |
|
Address : |
B 41, Panchshel Enclave, |
|
|
|
|
Associates/Subsidiaries : |
v
GO Book Shopping Com Private Limited v
Universal Book Distributors Private limited v
Universal Book Stall, |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs. 100.00 each |
Rs. 1.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
9503 |
Equity Shares |
Rs. 100.00 each |
Rs. 0.950
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.950 |
0.950 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
35.557 |
28.572 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
36.507 |
29.522 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
6.900 |
11.158 |
|
|
2] Unsecured Loans |
|
0.000 |
0.054 |
|
|
TOTAL BORROWING |
|
6.900 |
11.212 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
43.407 |
40.734 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
9.665 |
9.335 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
1.296 |
0.040 |
|
|
DEFERREX TAX ASSETS |
|
0.146 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
78.730 |
58.954 |
|
|
Sundry Debtors |
|
399.740 |
341.798 |
|
|
Cash & Bank Balances |
|
49.182 |
46.512 |
|
|
Loans & Advances |
|
23.431 |
10.984 |
|
Total
Current Assets |
|
551.083 |
458.248 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
512.365 |
418.989 |
|
|
Provisions |
|
6.418 |
7.900 |
|
Total
Current Liabilities |
|
518.783 |
426.889 |
|
|
Net Current Assets |
|
32.300 |
31.359 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
43.407 |
40.734 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
|
1169.230 |
962.401 |
|
|
Other Income |
|
7.416 |
10.126 |
|
|
Total Income |
|
1176.646 |
972.527 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
14.988 |
11.886 |
|
|
Provision for Taxation |
|
6.218 |
4.841 |
|
|
Profit/(Loss) After Tax |
|
8.770 |
7.045 |
|
|
|
|
|
|
|
|
Earnings in Foreign Currency : |
|
|
|
|
|
|
FOB Value of books Exported |
|
161.856 |
142.996 |
|
|
FOB Value of Miscellaneous Items |
|
3.077 |
2.527 |
|
|
Royalty Received |
|
0.129 |
0.190 |
|
Total Earnings |
|
165.062 |
145.713 |
|
|
|
|
|
|
|
|
Imports : |
|
|
|
|
|
|
Purchase of Books |
|
29.383 |
28.910 |
|
|
Others |
|
0.846 |
0.715 |
|
|
Royalty Paid |
|
0.000 |
0.119 |
|
Total Imports |
|
30.229 |
29.744 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Total Expenses |
|
1154.503 |
953.197 |
|
|
Financial Charges |
|
4.200 |
3.804 |
|
|
Depreciation |
|
2.955 |
3.640 |
|
Total Expenditure |
|
1161.658 |
960.641 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
|
0.75 |
0.72 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
1.28 |
1.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
2.67 |
2.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.41 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
14.40 |
14.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.06 |
1.07 |
LOCAL AGENCY FURTHER INFORMATION
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U74899DL1969PTC005042 |
|
Name of the
company |
UBS PUBLISHERS DISTRIBUTORS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
|
|
Type of charge |
Movable Property |
|
Particular of
charge holder |
Canara Bank Darya
Ganj, |
|
Nature of
description of the instrument creating or modifying the charge |
COM mobile
Agreement dated 16.05.2007 |
|
Date of
instrument Creating the charge |
16.05.2007 |
|
Amount secured by
the charge |
Rs. 0.396
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of
Interest : @ 11.75 % p.a.
compounded monthly or at such rate as may be specified by the Bank from time
to time with as overdue interest of 2 % p.a. over and above the interest rate
charged in the account, in case of default. Term of Repayment
Repayment in
monthly installments of Rs. 0.012 Millions each commencing from 16.06.2007
till the entire loan together with all interest, costs, charges, expenses
etc. is repaid in full. Margin : 10 % Extent and
operation of the charge 100 % Others : The above is to
secure all amounts payable under a Vehicles Loan of Rs. 0.396 Millions
granted to the Company together with all interest, costs, charges, expenses
etc. |
|
Short particulars
of the property charged |
Hypothecation of
the following vehicle purchased or to be purchased out of the Term Loan
granted by the Bank Chevrolet Aveo U-VA bearing Engine No. B1251799348KA2 VIN
MAGTF 482 M7HE03590 Colour – Rain Forest, Key No. T0137 – Value Rs. 0.440
Million. |
As Per Website
Subject was
established in June 1963 with a mission to be a one-stop shop for distribution of
books from Publishers to Booksellers at the National and International level.
Subject is the place
to find and discover any book that you need. As a leading National distributor,
the company has offices in
They offer :
- From their extensive catalogue of over
60000 titles, you can choose books from a variety of subjects ranging from
Art to Fiction, Textbooks to books on Spiritualism and more.
- Get the book published under their imprint.
They are very proud to have published authors like Dr. Bimal Jalan, Nani
Palkhivala, Kiran Bedi, Dr. Rangarajan, Dr. Malpani, Patwant Singh,
Shiv K. Kumar, Kartar Singh Duggal, Jayanti Ghose and many others.
- E-Tailing: In 2001 they forayed into e-commerce
with their website gobookshopping.com. Backed with 43 years of extensive
distribution experience and a large network at UBSPD, gobookshopping
sources books globally and is equipped to deliver books to over 2000
locations nationally and over 200 internationally.
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 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.40.36 |
|
|
1 |
Rs.82.23 |
|
Euro |
1 |
Rs.55.65 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
|
TOTAL |
|
50 |
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 |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|