MIRA
INFORM REPORT
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Report Date : |
11.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
AMEET BROADCASTERS PRIVATE LIMITED |
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Registered Office : |
A/6, Yashwant, M G Road, Ghatkopar (East), Mumbai 400 077, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
28.09.1999 |
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Com. Reg. No.: |
11-121973 |
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CIN No.: [Company
Identification No.] |
U32109MH1999PTC121973 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMA22760D |
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PAN No.: [Permanent
Account No.] |
AACCA7829C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Distributors and Dealers for all kinds of Electronic and Broadcasting
Goods. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 6000 |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Comments : |
Subject seems to be small and unorganized company. The Company’s
Financials are missing from the Government Registry. No further details could
be made available. The management parted some details declined to part with
financials The company can be considered for any business dealings on fully safe
and secured trade terms and conditions only |
INFORMATION PARTED
BY
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Name : |
Mrs. Kirti C Bhimani |
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Designation : |
Director |
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Contact No.: |
91-9867340926 |
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Date : |
09.07.2008 |
LOCATIONS
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Registered Office : |
A/6, Yashwant, M G Road, Ghatkopar (East), Mumbai 400 077,
Maharashtra, India |
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Corporate Office : |
316, Bhaveshwar Complex, Vidhavihar (West), Mumbai 400 086, Maharashtra,
India |
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Tel. No.: |
91-22-2502 3034 / 1641 / 25983276 / 25021641 |
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Mobile No.: |
91-9867340926 |
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Fax No.: |
91-22-2514 8431 / 2514 7431 |
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E Mail: |
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Websites : |
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Area : |
350 Sq.fts |
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Location: |
Rented |
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Administrative Office : |
Sanjay Market, 2nd Floor, Opposite Sipra Hotel, Sector –
27, Noida – 203 201, Uttar Pradesh, India |
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Tel. / Fax No.: |
91-11-3739584 / 3356964 |
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E Mail: |
DIRECTORS
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Name : |
Mrs. Kirti C Bhimani |
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Designation : |
Director |
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Address : |
A/6, Yashwant, M G Road, Ghatkopar (East), Mumbai 400 077,
Maharashtra, India |
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Date of Birth/Age : |
01.01.1953 |
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Qualification : |
M.SC |
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Date of Appointment : |
28.09.1999 |
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Name : |
Mr. Harsha K Bhimani |
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Designation : |
Director |
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Address : |
A/6, Yashwant, M G Road, Ghatkopar (East), Mumbai 400 077, Maharashtra,
India |
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Date of Birth/Age : |
16.10.1958 |
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Qualification : |
B. Com |
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Date of Appointment : |
28.09.1999 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mrs. Kirti C Bhimani |
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37500 |
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Mr. Harsha K Bhimani |
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37500 |
BUSINESS DETAILS
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Line of Business : |
Distributors and Dealers for all kinds of Electronic and Broadcasting
Goods. |
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Imports : |
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Countries : |
USA, Germany, Israel, China, Netherlands |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
L/C, Advance |
GENERAL
INFORMATION
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Customers : |
End Users, Government Bodies |
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No. of Employees : |
2 |
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Bankers : |
· The Shamrao Vithal Co-Op. Bank Limited, Ghatkopar Branch, Mumbai 400 077, Maharashtra, India · IDBI Bank, Ghatkopar (East), Mumbai 400 077, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name 1 : |
Bimal R Mehta and Associates Chartered Accountants |
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Address : |
Maharashtra, India |
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Name 2 : |
Hemant Vora and Associates Chartered Accountants |
CAPITAL STRUCTURE
(As on
31.03.2007):-
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity shares |
Rs. 10/- each |
Rs. 1.000 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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75000 |
Equity shares |
Rs. 10/- each |
Rs. 0.750
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
SUMMARIZED FIGURES:-
|
Particulars |
15.11.2007 (Rs. In
millions) |
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Gross Total Income |
0.656 |
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Total Income |
0.656 |
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Net Tax Payable |
0.221 |
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Total Tax And Interest Payable |
0.221 |
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Tax Paid |
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- TDS |
0.047 |
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- Self Assessment Tax |
0.200 |
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Refund |
0.027 |
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Value Of Fringe Benefit |
0.093 |
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Total Fringe Benefit Tax Liability |
0.031 |
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Total Tax And Interest Payable |
0.031 |
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Tax Paid |
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- Self Assessment Tax |
0.031 |
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.750 |
0.750 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.380 |
0.428 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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1.130 |
1.178 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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5.578 |
4.331 |
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TOTAL BORROWING |
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5.578 |
4.331 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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6.708 |
5.509 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.515 |
0.143 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Closing Stock |
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6.829 |
7.168 |
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Sundry Debtors |
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0.047 |
0.047 |
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Cash & Bank Balances |
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0.289 |
0.395 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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0.879 |
6.065 |
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Total
Current Assets |
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8.044 |
13.675 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities & Provisions |
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1.855 |
8.314 |
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Total
Current Liabilities |
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1.855 |
8.314 |
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Net Current Assets |
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6.189 |
5.361 |
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MISCELLANEOUS EXPENSES |
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0.004 |
0.005 |
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TOTAL |
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6.708 |
5.509 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2005 |
31.03.2004 |
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Sales Turnover (Including Other Income ) |
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13.105 |
27.424 |
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Profit/(Loss) Before Tax |
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0.068 |
0.537 |
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Provision for Taxation |
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0.137 |
0.280 |
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Profit/(Loss) After Tax |
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(0.068) |
0.257 |
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Total Expenditure |
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13.037 |
26.887 |
KEY RATIOS
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PARTICULARS |
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31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
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(0.51) |
0.93 |
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Net Profit Margin (PBT/Sales) |
(%) |
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0.51 |
1.95 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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0.79 |
3.88 |
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Return on Investment (ROI) (PBT/Networth) |
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0.06 |
0.45 |
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Debt Equity Ratio (Total Liability/Networth) |
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6.57 |
10.73 |
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Current Ratio (Current Asset/Current Liability) |
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4.33 |
1.64 |
LOCAL AGENCY
FURTHER INFORMATION
FORM 8:-
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Name of the company |
AMEET
BROADCASTERS PRIVATE LIMITED |
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Presented
By |
THE
SHAMRAO VITHAL CO-OP BANK LIMITED CHATKOPAR
BRANCH, MUMBAI – 400 077 |
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1) Date and description of instrument creating the change |
Common deed of hypothecation of movable assets/ debts dated 18.03.2005 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 2.000 millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
1) All the present and future, stocks of raw materials, goods in process of manufacture and finished and manufactured goods and articles such as spares for 1 KW, 10 KW and 20 KW VHF Thales Transmitters etc. with all stores of the borrower 2) All, Present and future, book debts, outstanding monies, receivables, claims, bills, rights to or in movable properties and movable assets due to the borrower |
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4) Gist of the terms and conditions and extent and operation of the charge. |
To secure the due repayment of term loan facility granted by the bank of the borrower 1) Repayment in lump sum within 4 months 2) Rate of Interest 14.75% p. a. |
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5) Name and Address and description of the person entitled to the charge. |
The Shamrao Vithal Co-Op. Bank Limited, Ghatkopar Branch, Mumbai 400 077, Maharashtra, India |
TRADE REFERENCES:-
· Doordarshan, Mr. C H Ranakar Rao, Director
· Avaya Telecom Communication, Mr. Neeru Mehta , Chief Executive Officer
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.43.16 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.67.95 |
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 |
2 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
1 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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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22 |
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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