MIRA
INFORM REPORT
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Report Date : |
15.06.2007 |
IDENTIFICATION DETAILS
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Name : |
GOOD LIVING ( |
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Registered Office : |
631 Westend Marg, Said Ul Ajab, |
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Country : |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
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Com. Reg. No.: |
55-112904 |
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CIN No.: [Company
Identification No.] |
U74994DL2001PTC112904 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELG05614A |
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Legal Form : |
Private Limited Liability company |
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Line of Business : |
Planned Interior Design and Architectural Firm |
RATING & COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit: |
USD360 |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Unknown |
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Comments : |
Though subject has been incorporated since 6 years, the company has
not filed any financials with the Government departments so far. We tried to
interact with the company management, but the management declined to part
with any details. In view of the above, we recommend fully safe and secured dealings
with the subject only. |
LOCATIONS
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Registered Office : |
631 Westend Marg, Said Ul Ajab, |
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Tel. No.: |
91-11-29536636, 29533214 |
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Fax No.: |
91-11-26522171 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Kashyap |
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Designation : |
Managing Director |
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Name : |
Ms. Shalini Dewan |
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Designation : |
Director |
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Address : |
8, Hally Road, |
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Date of Birth/Age : |
15.09.1975 |
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Date of Appointment : |
22.10.2001 |
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Name : |
Mr. Shalinder Dewan |
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Designation : |
Director |
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Address : |
8, Hally Road, |
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Date of Appointment : |
02.10.2001 |
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Name : |
Mr. Zubair Mohammad |
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Designation : |
Director |
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Address : |
8, Hally Road, |
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Date of Birth/Age : |
25.12.1973 |
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Date of Appointment : |
02.10.2001 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
Percentage of
Holding |
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Mr. Shalinder Dewan |
9800 |
98.00 |
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Mr. Zubair Mohammad |
100 |
1.00 |
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Ms. Shalini Dewan |
100 |
1.00 |
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Total |
10000 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Planned Interior Design and Architectural Firm |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Around 50 |
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Bankers : |
ICICI Bank |
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Banking
Relations : |
Reportedly |
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Auditors : |
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Name : |
M/s. Jaideep Aggarwal and Associates Chartered Accountant |
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Address : |
313, |
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Tel. No.: |
91-11-41588008/ 51588009/ 35889918 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50,000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10,000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2004 |
31.03.2005 |
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Sales Turnover |
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10.300 |
15.807 |
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ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
0.100 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.043 |
(0.009) |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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0.143 |
0.091 |
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LOAN FUNDS |
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1] Secured Loans |
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1.082 |
1.505 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL BORROWING |
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1.082 |
1.505 |
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DEFERRED TAX LIABILITIES |
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0.015 |
0.052 |
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TOTAL |
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1.240 |
1.648 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.667 |
2.163 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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1.852 |
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1.129 |
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0.698 |
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0.646 |
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0.139 |
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1.037 |
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0.905 |
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1.028 |
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0.000 |
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0.000 |
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Total
Current Assets |
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3.840 |
3.594 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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4.126 |
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4.282 |
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0.000 |
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0.000 |
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Total
Current Liabilities |
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4.282 |
4.126 |
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Net Current Assets |
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(0.442) |
(0.532) |
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MISCELLANEOUS EXPENSES |
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0.015 |
0.017 |
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TOTAL |
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1.240 |
1.648 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2005 |
31.03.2004 |
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Sales Turnover |
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15.807 |
10.300 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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15.807 |
10.300 |
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Profit/(Loss) Before Tax |
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0.033 |
0.035 |
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Provision for Taxation |
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(0.019) |
0.051 |
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Profit/(Loss) After Tax |
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0.052 |
(0.016) |
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Total Expenditure |
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15.774 |
10.265 |
KEY RATIOS
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PARTICULARS |
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31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
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0.33 |
(0.16) |
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Net Profit Margin (PBT/Sales) |
(%) |
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0.21 |
0.34 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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0.94 |
(0.28) |
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Return on Investment (ROI) (PBT/Networth) |
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36.36 |
(17.58) |
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Debt Equity Ratio (Total Liability/Networth) |
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7.57 |
16.54 |
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Current Ratio (Current Asset/Current Liability) |
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0.90 |
0.87 |
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Quick Ratio |
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0.63 |
0.42 |
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Current Liabilities / Net Worth |
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29.94 |
45.34 |
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Fixed Assets / Net Worth |
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11.66 |
23.77 |
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Average Collection Days |
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14.92 |
24.73 |
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Accounts Receivables Turnover |
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24.47 |
14.76 |
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Inventory Turnover |
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14.00 |
5.56 |
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Assets Turnover |
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9.48 |
4.76 |
LOCAL AGENCY FURTHER INFORMATION
A Planned Interior Design and Architectural Firm, One stop for all home
/ offices / commercial requirements. The Subject endeavor excellence in all design works.
Customized design solutions for new and exciting spaces, renovations,
furniture, accessories, etc. Subject has an in-house trained force of
carpenters, masons, carvers, plumbers, welders, etc.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.84 |
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1 |
Rs.80.47 |
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Euro |
1 |
Rs.54.32 |
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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
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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 |
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<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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