MIRA
INFORM REPORT
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Report Date : |
11.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
NATURES BOUNTY WINES AND ALLIED PRODUCTS PRIVATE LIMITED |
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Registered Office : |
F 85, Okhla Industrial Area, Phase I, New Delhi – 110 020. |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
28.06.2006 |
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Com. Reg. No.: |
150381 |
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CIN No.: [Company
Identification No.] |
U15533DL2006PTC150381 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELN08039D |
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PAN No.: [Permanent
Account No.] |
AACCN3207F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importer and Distributor of Wines and Allied Products. |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Poor |
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Payment Behaviour : |
Delayed |
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Litigation : |
Unknown |
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Comments : |
Mr. Prabhat, Accountant confirmed the details. Financial position of the company can be regarded as poor having huge
accumulated losses. It’s payments are delayed. The company can be considered for any business dealings on safe and
secured trade terms and conditions only. |
INFORMATION PARTED
BY
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Name : |
Mr. Prabhat |
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Designation : |
Accountant |
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Date : |
01.07.2008 |
LOCATIONS
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Registered Office : |
F 85, Okhla Industrial Area, Phase I, New Delhi – 110020, India |
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Tel No. : |
91-11-32480119 |
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E-Mail : |
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Location : |
Rented |
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Warehouse : |
At Okhla Phase II |
DIRECTORS
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Name : |
Mr. Amit Burman |
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Designation : |
Director |
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Address : |
E-83, Paschmi Marg, Vasant Vihar, New Delhi – 110057, India |
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Date of Birth/Age : |
16.07.1969 |
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Date of Appointment : |
28.06.2006 |
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Profile : |
Chairman Of Tower India Limited |
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Name : |
Mr. Tej Pawan Singh Gandhok |
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Designation : |
Director |
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Address : |
41-B, Hanuman Road, New Delhi – 110001, India |
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Date of Birth/Age : |
22.05.1968 |
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Date of Appointment : |
28.06.2006 |
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Name : |
Mr. Abhay Agarwal |
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Designation : |
Additional Director |
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Address : |
A 506, Gitanjali Appartment, Delhi – 110092, India. |
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Date of Birth/Age : |
07.04.1961 |
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Date of Appointment : |
20.10.2006 |
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Directorship in other companies |
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1) CIN of company:
U65990MH1981ULT023780 |
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Name of the company: Milky Investment and Trading Company |
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Designation: Director |
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2) CIN of company: U65990MH1981ULT023781 |
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Name of the company: Sahiwal
Investment and Trading Company |
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Designation: Director |
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3) CIN of company: U74899DL1970PTC005269 |
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Name of the company: Upvan
Farms and Services Private Limited |
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Designation: Director |
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4) CIN of company: U74899DL1984PTC019415 |
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Name of the company: Welltime
Investments Private Limited |
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Designation: Director |
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5) CIN of company: U67120DL1984PTC019414 |
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Name of the company: Param
Investments Private Limited |
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Designation: Director |
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6) CIN of company: U74899DL1984PTC019523 |
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Name of the company: Expo Investments
Private Limited |
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Designation: Director |
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7) CIN of company: U65993TN1993PLC024142 |
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Name of the company: Polaris
Software Lab Limited |
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Designation: Director |
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8) CIN of company: U74899DL1995PTC070676 |
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Name of the company: Intelligent Information Systems Private Limited |
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Designation: Director |
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9) CIN of company: U55101DL2003PTC118827 |
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Name of the company: Burman
Resorts Private Limited |
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Designation: Director |
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Name : |
Mr. Arinder Singh Wadhwa |
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Designation : |
Director |
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Address : |
F-53, Kalkaji, New Delhi – 110019, India. |
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Date of Birth/Age : |
07.10.1945 |
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Date of Appointment : |
28.06.2006 |
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Name : |
Mr. Chetan Chopra |
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Designation : |
Director |
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Address : |
403, Victoria Building No.24, Shastrinagar, Andheri (West), Mumbai –
400 053, Maharashtra, India. |
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Date of Birth/Age : |
24.11.1958 |
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Date of Appointment : |
20.10.2006 |
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Name : |
Mr. Mahesh Chand Agarwal |
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Designation : |
Director |
KEY EXECUTIVES
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Name : |
Mr. A.S. Wadhwa |
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Designation : |
CEO |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Mr. Amit Burman |
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49000 |
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Mr. Tej Pawan Singh |
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1000 |
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TOTAL |
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50000 |
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Equity Share Break-up (as on 29.09.2007) |
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Percentage of
Holding |
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Directors or Relatives Of Directors |
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100 |
BUSINESS DETAILS
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Line of Business : |
Importer and Distributor of Wines and Allied Products. |
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Products : |
Wines |
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Imports : |
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Countries : |
France, Italy |
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Terms : |
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Selling : |
Credit 60 days |
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Purchasing : |
Credit |
GENERAL
INFORMATION
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Bankers : |
· Punjab National Bank, B/O, N-86, Janpath,
New Delhi - 110001. |
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Facilities : |
CC-Rs.10.000
Millions |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
V Ahuja and Company Chartered Accuntants |
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Address : |
24, School Lane, Bengali Market, New Delhi – 110 001, India. |
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Associates/Subsidiaries : |
Dabur Foods Limited |
CAPITAL STRUCTURE
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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50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 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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0.500 |
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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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0.000 |
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4] (Accumulated Losses) |
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(3.623) |
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NETWORTH |
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(3.123) |
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LOAN FUNDS |
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1] Secured Loans |
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0.402 |
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2] Unsecured Loans |
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11.018 |
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TOTAL BORROWING |
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11.420 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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8.297 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.400 |
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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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1.781 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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2.183 |
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Sundry Debtors |
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3.329 |
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Cash & Bank Balances |
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0.704 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.126 |
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Total
Current Assets |
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6.342 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.210 |
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Provisions |
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0.059 |
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Total
Current Liabilities |
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0.269 |
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Net Current Assets |
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6.073 |
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MISCELLANEOUS EXPENSES |
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0.043 |
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TOTAL |
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8.297 |
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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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3.809 |
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Other Income |
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0.000 |
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Total Income |
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3.809 |
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Profit/(Loss) Before Tax |
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(5.346) |
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Provision for Taxation |
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(1.723) |
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Profit/(Loss) After Tax |
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(3.623) |
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Total Expenditure |
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9.155 |
KEY RATIOS
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PARTICULARS |
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PAT / Total Income |
(%) |
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(95.12) |
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Net Profit Margin (PBT/Sales) |
(%) |
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(140.35) |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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(79.29) |
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Return on Investment (ROI) (PBT/Networth) |
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1.71 |
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Debt Equity Ratio (Total Liability/Networth) |
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(3.74) |
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Current Ratio (Current Asset/Current Liability) |
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23.58 |
LOCAL AGENCY FURTHER
INFORMATION
BUSINESS:
To set up, install, purchase, import, take on lease, hire or otherwise
acquire breweries, plant and machinery and related equipments for
manufacturing, producing, fermentating, or packing beer, wines, spirits, aerated
waters and beverages of every description, whether alcoholic or not, and carry
on the business of brewers, distillers and malters in all its branches.
To carry on business as manufacturers, producers, growers, fermentators,
distillers, refiners, makers, inventor, converters, importers, exporters,
trader, buyers, sellers, retailers, wholesalers, suppliers, indenters,
bottlers, packers, movers, preservers, stockiest, agent, sub-agent, merchants,
distributors, consignors, jobbers, brokers, concessionaries or otherwise deal
in hop, barley, corn, malt and all kinds of varieties of raw materials required
or used in the breweries or distilleries.
To carry on the business of brewers, distillers, wine manufacturers and
to set up plants to, distil, manufacture and deal in all kinds of beer, wine,
liquor, spirits, rum and other alcoholic tobacco and perfumery products for
human consumption, industrial and commercial use.
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This form is for |
Creation of
Charge |
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Corporate
identity number of the company |
U15533DL2006PTC150381 |
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Name of the
company |
NATURES BOUNTY WINES AND ALLIED PRODUCTS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
F 85, Okhla Industrial Area, Phase I, New Delhi – 110020, India |
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Type of charge |
Book Debts,
Movable Property |
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Particular of
charge holder |
Punjab National
Bank, B/O, N-86, Janpath, New Delhi - 110001 |
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Nature of description
of the instrument creating or modifying the charge |
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Date of
instrument Creating the charge |
08.03.2007 |
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Amount secured by
the charge |
Rs. 10.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Rate of Interest shall
be 1.25% less than BPLR to be charged on monthly rest. Terms of
Repayment Sanction for one
year from 08.03.2007 and renewable after one year. Margin Margin – 25% on
Book Debts and Stocks offered as security Extent and
operation of the charge Operation allowed
to extent ofr limit sanction for the purpose of business. |
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Short particulars
of the property charged |
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NOTE:
The registered office of the company has been shifted from 10, Punjabi
Bhawan, Rouse Avenue, New Delhi – 110 002 to 26, Okhla Industrial Area, Phase III,
New Delhi – 110 020. w.e.f. 29.08.2006
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 |
-- |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
-- |
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--LEVERAGE |
1~10 |
-- |
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--RESERVES |
1~10 |
-- |
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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 |
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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10 |
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 |
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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 |
|
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/normal. |
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 |
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<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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