- Summary Information
|
Company Name |
INDIGO MULTITRADE PRIVATE LIMITED |
Principal Name 1 |
MR. RAJESH
NAMBRATH NAIR |
|
Status |
SATISFACTORY |
Principal Name 2 |
MR. DINESH NAMBRATH
NAIR |
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|
|
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Street Address |
416, BHAVESHWAR COMPLEX, 4TH FLOOR, VIDYAVIHAR (WEST),
MUMBAI – 400086, MAHARASHTRA, INDIA |
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Established Date |
04.07.2000 |
SIC Code |
- |
|
Telephone# |
91-22-25021144/ 25092470/ 25025994 |
Business Style 1 |
TRADERS |
|
Fax # |
91-22-25090595 |
Business Style 2 |
- |
|
Homepage |
Product Name 1 |
- |
|
|
# of employees |
10 |
Product Name 2 |
- |
|
Paid up capital |
Rs.153000 |
Product Name 3 |
- |
|
Shareholders |
DIRECTORS
OR RELATIVES OF DIRECTORS (100%) |
Banking |
BANK OF INDIA |
|
Public Limited Corp. |
NO |
Business Period |
8 YEARS |
|
IPO |
NO |
International Ins. |
- |
|
Public Enterprise |
NO |
Rating |
Ba |
|
Related Company |
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Relation |
Country |
Company Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2008 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1963000 |
Current Liabilities |
330000 |
|
Inventories |
126000 |
Long-term Liabilities |
1756000 |
|
Fixed Assets |
1025000 |
Other Liabilities |
- |
|
Deferred Assets |
87000 |
Total Liabilities |
2086000 |
|
Invest& other Assets |
- |
Retained Earnings |
962000 |
|
|
|
Net Worth |
1115000 |
|
Total Assets |
3201000 |
Total Liab. & Equity |
3201000 |
|
Total Assets (Previous Year) |
5270000 |
|
|
|
|
|
|
|
|
P/L Statement as of |
31.03.2008 |
(Unit: Indian Rs.) |
|
|
Sales |
5253000 |
Net Profit |
18000 |
|
Sales(Previous yr) |
4180000 |
Net Profit(Prev.yr) |
406000 |
MIRA
INFORM REPORT
|
Report Date : |
15.12.2008 |
IDENTIFICATION DETAILS
|
Name : |
INDIGO MULTITRADE
PRIVATE LIMITED |
|
|
|
|
Registered Office : |
416, Bhaveshwar
Complex, 4th Floor, Vidyavihar (West), Mumbai – 400086,
Maharashtra |
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|
Country : |
India |
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|
|
|
Financials (as on) : |
31.03.2008 |
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|
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Date of Incorporation : |
04.07.2000 |
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Com. Reg. No.: |
11-127563 |
|
|
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|
CIN No.: [Company
Identification No.] |
U51900MH2000PTC127563 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMI03840E |
|
|
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|
Legal Form : |
Private Limited
Liability Company |
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|
|
|
Line of Business : |
Marketing,
Trading and Promoting different products and commodities covering wide range
of fields catering to number of industries and clients and Commissions Agent |
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 |
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Maximum Credit Limit : |
USD 10000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well
– established marketing and commissions agent Trade relations are
fair. Nothing adverse reported. 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 : |
416, Bhaveshwar Complex,
4th Floor, Vidyavihar (West), Mumbai – 400086, Maharashtra, India |
|
Tel. No.: |
91-22-25021144/
25092470/ 25025994 |
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Fax No.: |
91-22-25090595 |
|
Email : |
|
|
Website : |
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|
|
|
|
Branches : |
408, Bhaveshwar
Complex, Vidyavihar (West), Mumbai – 400086, Maharashtra, India |
|
Tel. No.: |
91-22-25092470/71/72 |
|
Fax No.: |
91-22-25090595 |
|
E-Mail : |
DIRECTORS
|
Name : |
Mr. Rajesh
Nambrath Nair |
|
Designation : |
Director |
|
Address : |
601/606, Garden
Enclave, 6th Floor, Building No.5, Pokhran Road, No.2, Thane West –
400601, Maharashtra, India |
|
Date of Birth/Age : |
05.11.1969 |
|
Date of Appointment : |
04.07.2000 |
|
|
|
|
Name : |
Mr. Dinesh
Nambrath Nair |
|
Designation : |
Director |
|
Address : |
D/114, 1st
Floor, Paradise, Raheja Vihar, Chandiwali, Andheri (West), Mumbai – 400076,
Maharashtra, India |
|
Date of Birth/Age : |
21.06.1972 |
|
Date of Appointment : |
04.07.2000 |
|
|
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|
Name : |
Mr. Nambrath
Narayan Nair |
|
Designation : |
Director |
|
Address : |
416, Bhaveshwar
Complex, 4th Floor, Opposite Vidya Vihar STN. Vidyavihar West,
Mumbai – 400086, Maharashtra, India |
|
Date of Birth/Age : |
15.10.1941 |
|
Date of Appointment : |
04.07.2000 |
MAJOR SHAREHOLDERS
(As on 01.08.2008)
|
Names of
Shareholders |
No. of Shares |
|
|
|
|
Nambrath Narayan
Nair |
5100 |
|
Rajesh Nambrath
Nair |
5100 |
|
Dinesh Nambrath
Nair |
5100 |
|
|
|
|
Total |
15300 |
(As on
30.09.2008)
|
Category |
Percentage |
|
|
|
|
Directors or relatives of directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Marketing,
Trading and Promoting different products and commodities covering wide range
of fields catering to number of industries and clients and Commissions Agent |
GENERAL INFORMATION
|
Customers : |
v
Branck Caffee v
Zlatna Kava v
Kanzan Spezialpaplere GMBH v
Kanzaki Speciality Papers v
T. T. Limited v
Venture Infotek Global v
Winsome Textile Industrial Limited |
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No. of Employees : |
10 |
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Bankers : |
Ghatkopar (West) Branch, Desai Niwas, M G Road,
Ghatkopar (West), Mumbai – 400086, Maharashtra, India |
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Facilities : |
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Banking Relations : |
- |
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Auditors : |
|
|
Name : |
Gala Haria and
Associates Chartered
Accountant |
|
Address: |
108, Bhareshwar
Complex, 1st Floor, Opposite Railway Station, Vidyavihar (West), Mumbai
– 400086, Maharashtra, India |
|
Tel. No.: |
91-22-25104563/
4565 |
|
Fax No.: |
91-22-67650705 |
|
Email : |
CAPITAL STRUCTURE
Authorised
Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000 |
Equity Shares |
Rs.10/- Each |
Rs.0.400 Million |
|
500 |
Preference shares
|
Rs.100/- Each |
Rs.0.050 Million |
|
5000 |
Unclassified
Shares |
Rs.10/- each |
Rs.0.050 Million |
|
|
|
|
|
|
|
Total |
|
Rs.0.500
Million |
Issued,
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15300 |
Equity Shares |
Rs.10/- Each |
Rs.0.153 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.153 |
0.153 |
0.153 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.962 |
0.944 |
0.539 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.115 |
1.097 |
0.692 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.299 |
1.125 |
0.548 |
|
|
2] Unsecured Loans |
1.457 |
2.178 |
0.439 |
|
|
TOTAL BORROWING |
1.756 |
3.303 |
0.987 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.871 |
4.400 |
1.679 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.025 |
1.266 |
1.616 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.087 |
0.073 |
0.022 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.126
|
0.000
|
0.000
|
|
|
Sundry Debtors |
0.278
|
0.000
|
0.000
|
|
|
Cash & Bank Balances |
1.344
|
0.169
|
0.335
|
|
|
Other Current Assets |
0.000
|
2.569
|
0.372
|
|
|
Loans & Advances |
0.341
|
1.193
|
0.007
|
|
Total Current Assets |
2.089
|
3.931
|
0.714 |
|
|
Less
: CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities & provisions |
0.057
|
0.123
|
0.000
|
|
|
Provisions |
0.273
|
0.747
|
0.673
|
|
Total Current Liabilities |
0.330
|
0.870
|
0.673 |
|
|
Net Current Assets |
1.759
|
3.061
|
0.041 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.871 |
4.400 |
1.679 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
Sales Turnover |
5.253 |
4.180 |
22.991 |
|
|
Other Income |
2.184 |
3.672 |
0.021 |
|
|
Total
Income |
7.437 |
7.852 |
3.012 |
|
|
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
0.065 |
0.756 |
0.164 |
|
|
Provision for
Taxation |
0.047 |
0.350 |
0.161 |
|
|
Profit/(Loss)
After Tax |
0.018 |
0.406 |
0.003 |
|
|
|
|
|
|
|
|
Export Value |
0.143 |
2.630 |
NA |
|
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|
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|
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Expenditures : |
|
|
|
|
|
|
Cost of Goods Sold |
5.133 |
3.863 |
0.000 |
|
|
Administrative Expenses |
1.926 |
2.833 |
2.351 |
|
|
Depreciation & Amortization |
0.313 |
0.401 |
0.497 |
|
Total Expenditure |
7.372 |
7.097 |
2.848 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
PAT / Total Income |
(%) |
0.24
|
5.17 |
0.10
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.24
|
18.09 |
0.71
|
|
|
|
|
|
|
|
Return on Total
Assets (PBT/Total Assets} |
(%) |
2.09
|
14.55 |
7.04
|
|
|
|
|
|
|
|
Return on
Investment (ROI) (PBT/Networth) |
|
0.06
|
0.69 |
0.24
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total
Liability/Networth) |
|
1.87
|
3.80 |
2.40
|
|
|
|
|
|
|
|
Current Ratio (Current
Asset/Current Liability) |
|
6.33
|
4.52 |
1.06
|
LOCAL AGENCY FURTHER INFORMATION
Form 8:
|
Corporate
identity number of the company |
U51900MH2000PTC127563 |
|
Name of the
company |
INDIGO MULTITRADE
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
416, Bhaveshwar
Complex, 4th Floor, Vidyavihar (West), Mumbai – 400086,
Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Bank of India Ghatkopar (West) Branch, Desai Niwas, M G Road,
Ghatkopar (West), Mumbai – 400086, Maharashtra, India |
|
Nature of
instrument creating charge |
Supplemental Deed
of Hypothecation |
|
Date of
instrument Creating the charge |
06.10.2007 |
|
Amount secured by
the charge |
Rs.3.500 Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of
interests: As per Fedai
Rules Terms of
Repayment: On Demand Margin: 25% Extent and
Operation of the charge: To secure
EPC/PCFC 180 days (against L/C/Confirmed Orders) of Rs.3.500 Millions and
FBP/PSFC/FBN Facility of Rs.3.500 Millions subject to maximum of Rs.3.500
Millions granted by the Bank to the company. |
|
Particulars of
the property charged |
Hypothecation by
way of first charge:- All tangible movable
and assets of whatsoever nature of the borrower (both present and future)
including but without prejudice to the generality of the foregoing all stock
of raw materials such as spices, coffee, Beans, Cotton Yarn, Fabrics Finished
and Semi Finished Goods Wherever situate at and All the present
and future Book Debts, Outstanding, money receivables claims bills which are
now due and owing etc. |
Fixed
Assets
v Furniture & Fixture
v Motor Car
v Fax Machine
v Air Conditioners
v Computer
v
Xerox
Machine
v
Safe Locker
v
Mobile Phone
Website Details:
Profile
Subject has been
actively involved in the field of marketing, trading and promoting different products
and commodities covering wide range of fields catering to number of industries
and clients.
They represent a large number of customers worldwide and meet their
regular requirements not only from the Indian sub-continent but also from South
East Asia.
With their business associates in many South Asian countries, they have
been able to meet their customers' necessities from these regions.
The company's goodwill, experience and proficiency are an asset, with
which they aim to develop new partners and new markets for new products, both
for import to India and export from India.
The company has been expanding its operational areas to different new
regions thereby establishing business connections with new foreign partners for
different products and services.
With Liberalisation and Globalisation of Indian economy since 1991,
Indigo has become more active in new fields of business and economic
co-operation and are always on the lookout for newer and fresher avenues for
entering into business co-operation with partners of varied business activities
and interest.
Company looks back
with legitimate pride on its progress, achievement and activities, it also
looks forward for further expanding its horizon of activities and operation in
Global Trade by establishing new business co-operations with partners around
the globe. Thereby, setting newer and more challenging goals.
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 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.48.71 |
|
UK Pound |
1 |
Rs.72.85 |
|
Euro |
1 |
Rs.64.70 |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
NO |
|
--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 |
|