MIRA
INFORM REPORT
|
Report Date : |
30.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
BONANZA PORTFOLIO LIMITED |
|
|
|
|
Registered Office : |
4353/4C, Madan Mohan Street, Ansari Road, Daryaganj, New
Delhi – 110002 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
24.02.1993 |
|
|
|
|
Com. Reg. No.: |
55-52280 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U65991DL1993PLC052280 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business : |
Providing Financial Services and Brokerage |
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 1600000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usual Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Secretary to Mr. Shiv Kumar Goel, assured to provide business and
financial details and if made available, it will follow, soon. The company operates from large owned building at Goregaon East where
many people are employed. Subject is a established company having satisfactory. Trade relations
are fair. Payments are correct and as per commitments. The company can be considered good for any normal business dealings at
usual trade terms and conditions. |
LOCATIONS
|
Registered Office : |
4353/4C, Madan Mohan Street, Ansari Road, Daryaganj, New
Delhi-110002, India |
|
Tel. No.: |
91-11-23242022 to 26 |
|
Fax No.: |
91-11-23241993 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
2/2, First Floor, Lakshmi Insurance Building, Asaf Ali Road, New Delhi-110002, India |
|
Tel. No.: |
91-11-30181290 to 94 |
|
Email : |
|
|
|
|
|
Corporate Office : |
Bonanza House, Plot No. M-2, Cama Industrial Estate,
Walbhat Road, Behind 'The Hub',Goregaon (East), Mumbai – 400063, Maharashtra,
India |
|
Tel No.: |
91-22-67605500/ 600 |
DIRECTORS
|
Name : |
Mr. Shiv Kumar Goel |
|
Designation : |
Whole Time Director |
|
Address : |
B-81 Sarvodya Enclave, New Delhi – 110017, India |
|
Date of Birth/Age : |
16.06.1956 |
|
Date of Appointment : |
17.11.1993 |
|
|
|
|
Name : |
Mrs. Renu Goel |
|
Designation : |
Director |
|
Address : |
B-81 Sarvodya Enclave, New Delhi – 110017, India |
|
Date of Birth/Age : |
30.06.1962 |
|
Date of Appointment : |
17.11.1993 |
|
|
|
|
Name : |
Mr. Satya Prakash Goel |
|
Designation : |
Whole Time Director |
|
Address : |
A-130/02, Oberoi Garden, Thakur Village, Kandivali (East), Mumbai,
India |
|
Date of Birth/Age : |
31.05.1962 |
|
Date of Appointment : |
17.11.1993 |
|
|
|
|
Name : |
Mr. Surendra Kumar Goel |
|
Designation : |
Whole Time Director |
|
Address : |
G 80, Patel Nagar III, Ghaziabad, Uttar Pradesh, India |
|
Date of Birth/Age : |
16.01.1955 |
|
Date of Appointment : |
17.11.1993 |
|
|
|
|
Name : |
Mr. Vishnu Kumar Aggarwal |
|
Designation : |
Whole Time Director |
|
Address : |
4855-56/24, 2nd Floor, Ansari Road, Daryaganj,
New Delhi-110002, India |
|
Date of Birth/Age : |
10.09.1958 |
|
Date of Appointment : |
17.11.1993 |
|
|
|
|
Name : |
Mr. Anand Parkash Goel |
|
Designation : |
Director |
|
Address : |
B-310, Varun Vihar Aprtment, Flat No.12, Sector – 9, Rohini Delhi,
India |
|
Date of Birth/Age : |
18.01.1958 |
|
Date of Appointment : |
23.11.1993 |
|
|
|
|
Name : |
Mr. Bhagwan Swarup Aggarwal |
|
Designation : |
Director |
|
Address : |
4855-56/24, 2nd Floor, Ansari Road, Daryaganj,
New Delhi-110002, India |
|
Date of Birth/Age : |
25.12.1959 |
|
Date of Appointment : |
09.12.1993 |
|
|
|
|
Name : |
Mr. Gopal Jain |
|
Designation : |
Additional Director |
|
Address : |
Flat No.1, 1st Floor, Ramalayam 46 Peddar Road, Mumbai –
400026, Maharashtra, India |
|
Date of Birth/Age : |
13.02.1971 |
|
Date of Appointment : |
18.04.2008 |
KEY EXECUTIVES
|
Name : |
Mr. Dhrub Kumar Thakur |
|
Designation : |
Company Secretary |
|
Address : |
C/o. C. M. Thakur, Purani Sarai Nath, Bhagalpur, Bihar, India |
|
Date of Birth/Age : |
15.02.1975 |
|
Date of Appointment : |
10.05.2004 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 09.09.2005)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Shiv Kumar Goel |
|
464890 |
|
Renu Goel |
|
379000 |
|
Megha Goel |
|
69200 |
|
Ritika Goel |
|
20000 |
|
Shiv Kumar Goel HUF |
|
542500 |
|
Satya Prakash Goel |
|
127050 |
|
Surendra Kumar Goel |
|
155600 |
|
Vishnu Kumar Aggarwal |
|
444000 |
|
Anand Parkash Goel |
|
21000 |
|
Bhagwan Swarup Aggarwal |
|
220000 |
|
Aniket Aggarwal |
|
21000 |
|
Madhu Aggarwal |
|
92000 |
|
Anand Parkash Goel HUF |
|
192800 |
(As on 29.03.2008)
|
Name of
Allottess |
|
No
of Shares Allotted |
|
Gaja Trustee Company Private Limited |
|
335200 |
|
GPE (India) Limited |
|
446138 |
|
|
|
|
|
Total |
|
781338 |
(As on 31.03.2007)
|
Category |
|
Percentage |
|
|
|
|
|
Bodies Corporate (Not Mentioned above) |
|
11.00 |
|
Directors or relatives of directors |
|
78.00 |
|
Others top fifty shareholders (other than listed above) |
|
11.00 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Financial Services and Brokerage |
GENERAL
INFORMATION
|
No. of Employees : |
200 |
|
|
|
|
Bankers : |
Land Mark, Race Course Circle, Vadodra – 390007, Gujarat, India |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Srivastava Goel and Company Chartered Accountant |
|
Address : |
T-6, Basement Green Park, New Delhi – 110016, India |
|
PAN No.: |
ACFPG7791A |
|
|
|
|
Name : |
Satya Prakash Mangal and Company Chartered Accountant |
|
Address : |
A2/51, II Floor, Safdarjang Enclave, Near Green Field School, New
Delhi – 110017, India |
|
PAN No.: |
AAHFS9445E |
|
|
|
|
Group Company : |
(U01111DL2002PTC117815)
|
|
|
|
|
Holding Company : |
|
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12250000 |
Equity Shares |
Rs.10/- each |
Rs.122.500 Millions |
|
250000 |
Preference Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.125.000
Millions |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5920840 |
Equity Shares |
Rs.10/- each |
Rs.59.208
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
59.208 |
55.108 |
38.821 |
|
|
2] Share Application Money |
0.000 |
20.500 |
3.975 |
|
|
3] Reserves & Surplus |
264.608 |
181.618 |
135.647 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
323.816 |
257.226 |
178.443 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
281.094 |
272.589 |
241.437 |
|
|
2] Unsecured Loans |
0.000 |
0.497 |
5.975 |
|
|
TOTAL BORROWING |
281.094 |
273.086 |
247.412 |
|
|
DEFERRED TAX LIABILITIES |
21.296 |
14.468 |
15.847 |
|
|
Share Capital Suspense Account |
0.000 |
0.000 |
16.288 |
|
|
|
|
|
|
|
|
TOTAL |
626.206 |
544.780 |
457.990 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
184.408 |
143.485 |
113.014 |
|
|
Capital work-in-progress |
2.885 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
28.303 |
29.193 |
12.550 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
37.163
|
39.925 |
32.016 |
|
|
Sundry Debtors |
280.688
|
326.762 |
292.638 |
|
|
Cash & Bank Balances |
688.306
|
714.638 |
354.024 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
145.516
|
190.826 |
91.097 |
|
Total
Current Assets |
1151.673
|
1272.151 |
769.775 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
739.733
|
867.264 |
430.296 |
|
|
Provisions |
10.740
|
33.047 |
7.053 |
|
Total
Current Liabilities |
750.473
|
900.311 |
437.349 |
|
|
Net Current Assets |
401.200
|
371.840 |
332.426 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
9.410 |
0.262 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
626.206 |
544.780 |
457.990 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.19
|
4.56 |
3.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.53
|
1.41 |
1.76 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8:
|
Corporate identity
number of the company |
U65991DL1993PLC052280 |
|
Name of the
company |
BONANZA PORTFOLIO LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
4353/4C, Madan Mohan Street, Ansari Road, Daryaganj, New
Delhi – 110002, India |
|
This form is for |
Creation of Charge |
|
Type of charge |
Movable Property
(Not being Pledge) |
|
Particular of
charge holder |
ICICI Bank
Limited Landmark Krace Cource
Circle, Alkapuri, Baroda – 390015, Gujarat, India CIN No.:
L65190GJ1994PLC021012 Email : rocdak@gmail.com |
|
Nature of
instrument creating charge |
Unattested Deed
of Hypothecation (Brorrower) |
|
Date of instrument
Creating the charge |
01.02.2008 |
|
Amount secured by
the charge |
Rs.8.500 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of
Interests: As per Agreement Terms of
Repayment: Repayable in EMI Margin: As per H. D. Extent and
Operation of the charge: Against Fixed
Assets. |
|
Particulars of
the property charged |
PC, Printer, UPS,
Laptop, Server |
Website Details
Profile:
Subject is a Financial Services and Brokerage House with acknowledged
industry Leadership in execution and clearing services on Exchange Traded
Derivatives and cash market products.
Key elements that place Bonanza amongst the Brokerage Houses and make it
the preferred service provider for value based financial services are:
- A
Client-driven foundation and strategy committed to client-specific
investment needs and objectives.
- Integrated
and innovative use of Technology enabling clients to trade offline, online
and Strategic tie-ups with latest technology partners to facilitate
trading access and direct processing across more than 900 Branches spread
over 310 cities
- Client-focused
philosophy backed by memberships of all principal Indian Stock and Commodity
Exchanges makes Bonanza a preferred service provider in the Industry for
value based services.
The
Management
Mr.
Shiv Kumar Goel is a Promoter / Director, CA by profession and a qualified Company
Secretary. He has more than 25 yrs of experience in financial service and
brokerage. Prior to venturing into business he was Chief Executive Officer
(CEO) of SRF Finance Limited New Delhi. He has been a pioneer in innovating
technological advancements and its implementation methodologies.
Mr. S.
P. Goel is a Promoter/Director, qualified CA operating from the
country's financial capital Mumbai, and is credited of having represented on
the Board of directors of OTCEIL. Mr. Goel has represented various prestigious
committees of SEBI including that of JR Verma Committee, NSEIL (Executive
Committee, Committee on Settlement of issues), and NSCCL. He has also
represented as a member of the Disinvestment and Privatisation Committee of the
Indian Merchants Chamber (IMC).
Mr. S.
K. Goel is a Promoter/Director, a qualified Chartered Accountant by
profession and experience of more than 25 years, has in past worked with
leading Indian industrial groups like Modi's and Oswals's.
Mr.
Vishnu Kumar Agarwal is a Promoter/Director, is a Bullion
Dealer, real estate developers and consultant. He has been credited with
setting up various trading and investment channels in the field of commodity
futures trading for Indian residents and investors.
Mr.
Anand Prakash Goel is a Promoter/Director and a practicing Chartered
Accountant with over 23 years of experience.
The management team of Bonanza comprises of Chartered
Accountants, MBAs, IT Professionals and Engineers, in addition to senior
professionals in the financial field.
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.54 |
|
UK Pound |
1 |
Rs.84.86 |
|
Euro |
1 |
Rs.66.95 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
|
TOTAL |
|
48 |
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 |
|