MIRA
INFORM REPORT
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Report Date : |
16.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
SAKSHAM IMPEX PRIVATE LIMITED |
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Registered Office : |
321-S, Ground Floor, Chirag Dilli, New Delhi – 110 017, Delhi |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
20.09.2002 |
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Com. Reg. No.: |
55-117070 |
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CIN No.: [Company
Identification No.] |
U51909DL2002PTC117070 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELS24730G |
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PAN No.: [Permanent
Account No.] |
AAGCS6018K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importer and
Buyer of Food Products |
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 11000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small company in its field. Trade relations
are fair. Scale of activity is limited. No complaints have been heard. The company can be considered for small to mediocre business dealings.
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LOCATIONS
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Registered Office : |
321-S, Ground Floor, Chirag Dilli, New Delhi – 110 017, Delhi, India |
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Tel. No.: |
91-11-41630336 |
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Fax No.: |
91-11-41664819 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. Ashish Dubey |
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Designation : |
Director |
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Address : |
321-S, Ground Floor, Chirag Dilli, New Delhi – 110 017, Delhi, India |
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Date of Birth/Age : |
01.07.1975 |
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Date of Appointment : |
20.09.2002 |
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Name : |
Mr. Vishwajeet Dubey |
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Designation : |
Director |
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Address : |
Quarter No. 209, Mohan Nagar, Gwalior – 474 011, Madhya Pradesh, India
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Date of Birth/Age : |
15.07.1937 |
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Date of Appointment : |
20.09.2002 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 20.09.2007)
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Names of Shareholders |
No. of Shares |
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Ashish Dubey |
109500 |
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Vishwajeet Dubey |
500 |
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Total |
110000 |
List of Allotment (As on 31.03.2007)
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Names of Allottees |
No. of Shares |
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Ashish Dubey |
100000 |
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Total |
100000 |
List of Allotment (As on 19.12.2007)
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Names of Allottees |
No. of Shares |
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Ashish Dubey |
200000 |
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Total |
200000 |
Equity share
breakup (percentage of total equity)
(As on
30.09.2007)
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Category |
Percentage |
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Directors or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Importer and
Buyer of Food Products |
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Products : |
·
Monin Gourmet Flavorings ·
Toschi Vignola ·
Bonne Maman ·
Spigadoro ·
Costa Doro |
GENERAL
INFORMATION
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Suppliers : |
·
Andros France S N C ·
Green Freight Carrier ·
Prima Industries ·
Rama Packaging ·
Shri Ganapati Sales ·
Swaad Distributors ·
Universal Sales Agencies ·
Bhagwati Impex |
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Customers : |
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ABC Trading Company Limited Bangalore (CCD) ·
Agro Tech Foods Limited (Hyd) ·
Alpha Distributors ·
Amalgamated Bean Coffee Trading Company Limited Delhi CCD ·
Amalgamated Bean Coffee Trading Company Limited Delhi CDX ·
Barista Coffee Company Limited ·
Ganapati Overseas ·
Shriji Distributors |
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Bankers : |
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HDFC Bank Limited ·
ICICI Bank Limited ·
Union Bank of India |
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Facilities : |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Ramesh Karmeshu and Associates Chartered Accountant |
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Address : |
E-896, 2nd Floor, Cjittaranjan Park, New Delhi – 110 019,
Delhi, India |
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Telefax No.: |
91-11-41602789 |
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Mobile No.: |
91-9312605338 |
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Fax No.: |
CAPITAL STRUCTURE
(As on 31.03.2007)
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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110000 |
Equity Shares |
Rs.10/- each |
Rs.1.100
millions |
(As on 30.09.2007)
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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110000 |
Equity Shares |
Rs.10/- each |
Rs.1.100
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
1.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
1.132 |
0.505 |
0.178 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
2.232 |
0.605 |
0.278 |
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LOAN FUNDS |
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1] Secured Loans |
0.210 |
1.139 |
0.000 |
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2] Unsecured Loans |
2.688 |
0.506 |
0.286 |
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TOTAL BORROWING |
2.898 |
1.645 |
0.286 |
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DEFERRED TAX LIABILITIES |
0.019 |
0.035 |
0.001 |
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TOTAL |
5.149 |
2.285 |
0.565 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.499 |
1.185 |
0.028 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
1.709
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1.966 |
0.980 |
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Sundry Debtors |
10.084
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1.779 |
0.606 |
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Cash & Bank Balances |
0.672
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0.634 |
0.124 |
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Other Current Assets |
0.164
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0.177 |
0.126 |
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Loans & Advances |
0.606
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0.148 |
0.035 |
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Total
Current Assets |
13.235
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4.704 |
1.871 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
8.306
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2.795 |
1.073 |
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Provisions |
1.281
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0.813 |
0.268 |
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Total
Current Liabilities |
9.587
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3.608 |
1.341 |
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Net Current Assets |
3.648
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1.096 |
0.530 |
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MISCELLANEOUS EXPENSES |
0.002 |
0.004 |
0.007 |
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TOTAL |
5.149 |
2.285 |
0.565 |
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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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45.896 |
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Other Income |
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0.000 |
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Total Income |
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45.896 |
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Profit/(Loss) Before Tax |
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1.177 |
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Provision for Taxation |
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0.550 |
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Profit/(Loss) After Tax |
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0.627 |
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Total Expenditure |
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44.719 |
KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
1.37 |
NA |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
2.56
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NA |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
7.99
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NA |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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0.53
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NA |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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5.59
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8.68 |
5.85 |
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Current Ratio (Current Asset/Current Liability) |
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1.38
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1.30 |
1.40 |
LOCAL AGENCY
FURTHER INFORMATION
Corporate Results
The company saw a major jump in turnover from 18.537 millions to
Rs.45.896 millions during the year. The company also earned a surplus of
Rs.0.627 million after tax. The company plans to get into market more
aggressively and is bent on picking up better products.
Fixed Assets
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Land
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Refrigerator
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Television
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Air conditioner
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Blender
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Inverter
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Labeling Machine
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Water Dispenser
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Furniture
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Laptop
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Printer
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Maruti Swift
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Indica
Web Details
Profile
Subject was created in 2002. It is born from another company which is
only dealing in distribution in Delhi: Bosker Marketing. Knowing very well the
art of distributing foreign product we decided to import.
Subject is now
well known for its skill of bringing new products from different country
successfully in the Indian Market.
Monin, world Syrup
leader, decided to trust them to be their exclusive Importer in India, it was
an important first step for both companies: Monin was having a young dynamic
partner with a very good knowledge of the Indian Market and local partners, and
company was born.
With the rapid
growth of Monin in the Indian Market, it was easy for other companies to
believe in company capacity to build their brand in India.
In 2003 Spigadoro,
in 2004 Toschi, and in 2005 Costa d’Oro all those big Italian companies have
trusted him to become their exclusive partner in India.
Today they are
launching another new product, also world leader in its category: Bonne Maman,
they will tell more once it will be available on the market.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.94 |
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UK Pound |
1 |
Rs.72.07 |
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Euro |
1 |
Rs.64.70 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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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 |
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33 |
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
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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. |
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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