MIRA
INFORM REPORT
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Report Date : |
28.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
P M RELOCATIONS PRIVATE LIMITED |
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Registered Office : |
B-64, Lajpat Nagar – II, New Delhi – 110 024 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
27.03.2006 |
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Com. Reg. No.: |
148024 |
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CIN No.: [Company
Identification No.] |
U63031DL2006PTC148024 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELP12234F |
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PAN No.: [Permanent
Account No.] |
AADCP8491Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Packers and Movers. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Maximum Credit Limit : |
USD 700 |
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Status : |
New Company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company in its field and in the process of
establishing itself. The company has done some business as per its first
financials. Trade relations are fair. Payments are reported as slow but
correct. The company can be considered good for small to mediocre business
dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. Rajesh |
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Designation : |
Accountant in Bangalore Office |
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Date : |
19.08.2008 |
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Name : |
Mr. Ramgopal |
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Designation : |
Accountant in Delhi Office |
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Date : |
19.08.2008 |
LOCATIONS
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Registered Office : |
B-64, Lajpat Nagar – II, New Delhi – 110 024, India |
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Tel. No.: |
91-11-41721929 / 32946611 / 32946612 / 55633309 |
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Fax No.: |
91-11-41727360 / 26135849 / 26807932 / 29810138 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Branch Offices : |
·
2, Col. Biswas Road, Park circus, Kilkata – 700 019, West Bengal,
India Tel. No.: 91-33-32571152 / 22805677 / 22870274 Fax No.: 91-33-22872942 E-Mail : pmkolkata@packersindia.com
·
125, Damji Shamji Industrial Estate, L B S
Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra, India Tel. No.: 91-22-32963264 / 67251636 / 40261578 Fax No.: 91-22-67251635 E-Mail : dinesh@pmrelocations.com ·
No. 2, Ganga Apartments, 13th Cross, Indiranager, 2nd
Stage, Bangalore – 560 038, Karnataka, India Tel. No.: 91-80-41128348 / 66959548 / 32928328 / 64500490 Fax No.: 91-80-41128347 E-Mail : pmbangalore@packersindia.com
·
6-3-1185/164, Flat No G-1, New Lines Blue
Diamond Apartments, BS Maktha, Begumpet, Hyderabad – 500 016, Andhra Pradesh,
India Tel. No.:
91-40-42102421 Fax No.:
91-40-42102423 E-Mail :
saleshyd@pmrelocations.com
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DIRECTORS
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Name : |
Mr. Shiv Kumari Bhargava |
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Designation : |
Director |
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Address : |
D-7/7315, Vasant Kunj, New Delhi – 110 070, Delhi, India |
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Date of Birth/Age : |
15.08.1933 |
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Date of Appointment : |
27.03.2006 |
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Name : |
Ms. Aakanksha Bhargava |
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Designation : |
Director |
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Address : |
D-7/7315, Vasant Kunj, New Delhi – 110 070, Delhi, India |
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Date of Birth/Age : |
13.08.1985 |
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Date of Appointment : |
27.03.2006 |
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Name : |
Mr. Rajeev Bhargava |
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Designation : |
Director |
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Address : |
D-7/7315, Vasant Kunj, New Delhi – 110 070, Delhi, India |
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Date of Birth/Age : |
27.03.1956 |
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Date of Appointment : |
27.03.2006 |
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Name : |
Mrs. Archana Bhargava |
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Designation : |
Director |
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Address : |
D-7/7315, Vasant Kunj, New Delhi – 110 070, Delhi, India |
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Date of Birth/Age : |
12.08.1957 |
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Date of Appointment : |
27.03.2006 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 31.03.2007
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Names of Shareholders |
No. of Shares |
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Mr. Shiv Kumari Bhargava |
2400 |
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Mr. Rajeev Bhargava |
2600 |
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Mrs. Archana Bhargava |
2600 |
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Ms. Aakanksha Bhargava |
2400 |
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Total |
10000 |
Equity shares Breakup (percentage of total equity)
(As on 26.09.2007)
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Category |
Percentage |
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Directors or relatives of Director |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Packers and Movers. |
GENERAL
INFORMATION
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No. of Employees : |
87 (In Office 17 and in Delhi Office 70 (Including Workers) |
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Bankers : |
·
HDFC Bank ·
Axis Bank |
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Banking
Relations : |
Satisfactory |
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Financial Institute : |
Citicorp Finance India Limited UGF, Himalayan House, 23 K G Marg, New Delhi – 110 001, Delhi, India |
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Auditors : |
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Name : |
·
N K Bhargava and Company Chartered Accountants Address : C-31, 1st
Floor, Acharya Niketan, Phase – 1, Mayur Vihar, New Delhi – 110 091, India ·
Singal Brothers and Associates Chartered Accountants |
CAPITAL STRUCTURE
(As on 26.09.2007)
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.041 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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0.141 |
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LOAN FUNDS |
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1] Secured Loans |
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0.665 |
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2] Unsecured Loans |
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0.934 |
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TOTAL BORROWING |
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1.599 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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1.740 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.122 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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2.059 |
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Cash & Bank Balances |
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0.150 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.762 |
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Total
Current Assets |
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2.971 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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2.302 |
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Provisions |
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0.056 |
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Total
Current Liabilities |
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2.358 |
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Net Current Assets |
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0.613 |
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MISCELLANEOUS EXPENSES |
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0.005 |
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TOTAL |
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1.740 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
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Sales Turnover |
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15.185 |
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Other Income |
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0.000 |
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Total Income |
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15.185 |
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Profit/(Loss) Before Tax |
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0.097 |
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Provision for Taxation |
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0.056 |
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Profit/(Loss) After Tax |
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0.041 |
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Expenditures : |
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Financial Charges |
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0.048 |
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Other Expenditure |
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15.040 |
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Total Expenditure |
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15.088 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
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PAT / Total Income |
(%) |
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0.27 |
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Net Profit Margin (PBT/Sales) |
(%) |
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0.64 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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2.37 |
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Return on Investment (ROI) (PBT/Networth) |
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0.69 |
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Debt Equity Ratio (Total Liability/Networth) |
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28.06 |
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Current Ratio (Current Asset/Current Liability) |
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1.26 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References
·
Airtel
·
Nokia
·
Siemens
Form No. 8
|
Corporate
identity number of the company |
U63031DL2006PTC148024 |
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Name of the
company |
P M RELOCATIONS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
B-64, Lajpat Nagar – II, New Delhi – 110 024, India |
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This form is for |
Creation of
charge |
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Type of charge |
Hypothecation |
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Particular of
charge holder |
Citicorp Finance India Limited UGF, Himalayan House, 23 K G Marg, New Delhi – 110 001, Delhi, India |
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Nature of
instrument creating charge |
Lona cum
Hypothecation Agreement dated 27.06.2006 |
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Date of instrument
Creating the charge |
27.06.2006 |
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Amount secured by
the charge |
Rs.0.495 million |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
@ 9.75% pa. other terms and conditions as per loan cum hypothecation
agreement dated |
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Description of
the property charged indicating whether it is a charged on |
Immovable
properties |
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Particulars of
the property charged |
01 No. of Eicher
10.59 as per hypothecation agreement dated 27.06.2006 |
Web Details
The Managing Director Rajeev Bhargava Who was the youngest, Ist
generation entrepreneur in the year 1986 started packing and moving business in
Calcutta, India. Since then the company has grown into one of the largest
packing company in India and is represented in all the metropolitan cities and
state capitals, therefore no subcontracting of our responsibilities.
After pioneering the concept of national door to door movement and with the
backing of the best corporate clients of this country. They are now offering
international personalised door to door services comparable to the best in
Industry.
In few years they are accredited with the world best packing
organisations in every part of the world help them to offer reliable, secure
and most competitive door to door services. They have even been granted
membership of AMSA, HHGFAA, CAM,PAIMA this has strengthen the world-wide
connections.
To offer the best and timely custom clearance facility they have even
open a separate set-up headed by Senior Director. The name itself is a
guarantee of the impeccable service as he has been serving the industry for
over two decades. They clear all incoming household shipment within the free
period provided proper documents are provided to them.
They always appoint Move coordinator who has all datas of the move on
the tips and provide details on the press of computer button.
They are one of our kind in India who also have an expertise to pack
heavy and sophisticated machinery and the Director Eastern Region, Douglas
Unger has a distinction of packing 48 tons boiler.
In the jungle of packers and Movers in India , where every one is
International and worldwide, Unfortunately the fact is that majority of the so
called movers do not have even a typewriter leave aside computer and other
telecommunications facilities .
Started in 1993 in the name of Packers and Movers and from a small set
up this name has grown into one of the largest and most professional moving
company in Kolkata and India and is of International repute. The associates in
the world are the best and leading names in their cities.
The specialization is door-to-door movement of household effects. In
past they have packed and moved the most sophisticated and heavy machineries,
the heaviest machinery ever packed by P and M is 48 tons , boilers, ship
stabilizers, very sophisticated and fragile artifacts etc.
The Round The Clock Services....
They are customer oriented organization and believe in building a
relationship of trust with customers, thus capturing their loyalty through
value and performance. The Goal is to develop and maintain long lasting
relationship with the customers by providing outstanding services.
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.43.73 |
|
UK Pound |
1 |
Rs.80.57 |
|
Euro |
1 |
Rs.64.29 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
NO |
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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 |
|
27 |
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 |
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