MIRA
INFORM REPORT
|
Report Date : |
26.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
P NILYA OVERSEAS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
B-102, 2nd floor, Mayapuri Industrial Area-I, New Delhi-110064 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
20.06.2001 |
|
|
|
|
Com. Reg. No.: |
111366 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51311DL2001PTC111366 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELP08277D |
|
|
|
|
PAN : Permanent
Account No.] |
AACCP6208Q |
|
|
|
|
Legal Form : |
Private Limited liability Company |
|
|
|
|
Line of Business : |
Importer, Distributors and Suppliers of Imported Perfumes and
Colognes. |
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 3524 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed company having satisfactory
track. 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 / Factory : |
B-102, 2nd
floor, Mayapuri Industrial Area-I, New Delhi-110064, |
|
Tel. No.: |
91-11-25391572 / 28116741 |
|
Fax No.: |
91-11-25391710 |
|
E – Mail : |
|
|
Website : |
DIRECTORS
|
Name : |
Mr. Anil Sharma |
|
Designation : |
Director |
|
Address : |
210, Mass CGHS, Plot No. 24, Sector 10, Dwarka, |
|
Mobile No.: |
91-9810133371 |
|
Date of Birth/Age : |
01.01.1957 |
|
Date of Appointment : |
20.06.2001 |
|
|
|
|
Name : |
Ms. Suman Sharma |
|
Designation : |
Director |
|
Address : |
210, Mass CGHS, Plot No. 24, Sector 10, Dwarka, |
|
Date of Birth/Age : |
06.04.1957 |
|
Date of Appointment : |
20.06.2001 |
|
|
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Anil Sharma |
|
22900 |
|
Ms. Suman Sharma |
|
8600 |
|
Mr. O.P. Sharma |
|
5500 |
|
Mr. Samarth Sharma |
|
8000 |
|
Category |
|
Percentage of
Holding |
|
Director or Relatives of Directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer, Distributors and Suppliers of Imported Perfumes and
Colognes. |
|
|
|
|
Products : |
Perfumes – v Golden Spy v One Man Only v Royal Open v Endure v Rush Hour v Dark Rouge v Rouge v Cool Girl v Cobra v 21st Century v Ultra Venus v Bliss v Golf open v Ocean Wave v Royal Cup |
|
|
|
|
Exports : |
|
|
Products : |
Finished products |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling ; |
TT or LC terms. |
GENERAL INFORMATION
|
Suppliers : |
˛
Kuldeep Levels Private Limited ˛
Metador Thread House ˛
Aman Logistics ˛
Bala Ziptech ˛
Himgiri Text Print Private Limited ˛
Chru Traders ˛
Gaurav Export ˛
Dreams the Furnishing Gallery |
|
|
|
|
Customers : |
˛
˛
Latest |
|
|
|
|
No. of Employees : |
20 |
|
|
|
|
Bankers : |
˛
Canara Bank ˛
Kotak Mahindra Bank ˛
ICICI Bank Limited ˛
Punjab National Bank |
|
|
|
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
G S Sachdev and Company Chartered Accountants |
|
Address : |
23 / 5 E, 3rd Floor, Main Market, East Patel Nagar, |
|
|
|
|
Memberships : |
Apparel Export Promotion Council |
|
|
|
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
45000 |
Equity Shares |
Rs.10/- each |
Rs.0.450
million |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.450 |
0.450 |
0.300 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.431 |
0.331 |
0.142 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.881 |
0.781 |
0.442 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.207 |
0.300 |
0.384 |
|
|
2] Unsecured Loans |
0.000 |
0.318 |
0.215 |
|
|
TOTAL BORROWING |
0.207 |
0.618 |
0.599 |
|
|
DEFERRED TAX LIABILITIES |
0.017 |
0.031 |
0.034 |
|
|
|
|
|
|
|
|
TOTAL |
1.105 |
1.430 |
1.075 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.201 |
1.109 |
1.071 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.902
|
1.255 |
0.451 |
|
|
Sundry Debtors |
1.123
|
0.655 |
1.749 |
|
|
Cash & Bank Balances |
1.414
|
2.254 |
0.094 |
|
|
Other Current Assets |
0.577
|
0.509 |
0.000 |
|
|
Loans & Advances |
1.464
|
0.843 |
0.447 |
|
Total
Current Assets |
5.480
|
5.516 |
2.741 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
5.483
|
5.216 |
|
|
|
Provisions |
0.111
|
0.000 |
|
|
Total
Current Liabilities |
5.594
|
5.216 |
2.763 |
|
|
Net Current Assets |
(0.114)
|
0.300 |
(0.022) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.018 |
0.021 |
0.026 |
|
|
|
|
|
|
|
|
TOTAL |
1.105 |
1.430 |
1.075 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
Sales Turnover |
17.813 |
17.033 |
|
|
Other Income |
1.130 |
1.288 |
|
|
Total Income |
18.943 |
18.321 |
13.024 |
|
|
|
|
|
|
Profit/(Loss) Before Tax |
0.197 |
0.219 |
0.174 |
|
Provision for Taxation |
0.112 |
0.086 |
0.032 |
|
Profit/(Loss) After Tax |
0.085 |
0.133 |
0.142 |
|
|
|
|
|
|
FOB Value of Exports |
17.813 |
-- |
-- |
|
|
|
|
|
|
Expenditures : |
|
|
|
|
Total Expenditure |
18.348 |
18.102 |
12.008 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
0.44
|
0.72 |
1.09 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.10
|
1.28 |
1.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.94
|
3.30 |
4.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.28 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.34
|
6.67 |
7.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.97
|
1.05 |
0.99 |
LOCAL AGENCY FURTHER INFORMATION
As per Web Details
Company Profile:
They are a leading importer, distributor and supplier of imported
perfumes and colognes. They have a range of premium quality perfumes from
What They Offer
They
have a huge product range in following
·
Premium quatity Eue duo Toilette
·
Body Spray (deo’s)
·
Gift sets
·
Colonges
Target Audience
They are looking for mass merchandisers,
discount stores, super markets as well as wholesalers, agents & distributors
who sell low to moderately priced products, for a broad customer base with
limited purchasing power.
Why Them?
·
Products procured from the renowned manufacturers
·
Quality of fragrances in conformation with the
international standards
·
Rich stock of perfumes for bulk demands
·
Amicable business relation with clients
·
Quality with resonable prices
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.39.81 |
|
|
1 |
Rs.80.03 |
|
Euro |
1 |
Rs.56.02 |
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 |
6 |
|
--PROFITABILIRY |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|