MIRA
INFORM REPORT
|
Report Date : |
13.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
NAVRANG AUDIO VIDEO PRIVATE LIMITED |
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Registered Office : |
D-10/60 Vikas Marg, Laxmi Nagar, New Delhi – 110092 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
28.10.1992 |
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Com. Reg. No.: |
55-50785 |
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CIN No.: [Company
Identification No.] |
U74899DL1992PTC050785 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELN03802B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Traders of Electrical and Electronics Products. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 31192 |
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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 known Samsung dealers doing retail and wholesale
business. Their trade relations are reported as fair. Payments are usually
correct and as per commitments. The company can be considered good for any normal business dealings at
usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
D-10/60 Vikas Marg, Laxmi Nagar, New Delhi – 110092, India |
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Tel. No.: |
91-11-22022302/22043153/4/ 22014360 |
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Mobile No.: |
91-9810148449 |
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Fax No.: |
91-11-22022551/ 22014359 |
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E-Mail : |
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Area : |
2500 sq. ft. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Pawan Kumar |
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Designation : |
Managing Director |
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Address : |
A-33, Anand Vihar, Delhi – 110092, India |
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Date of Birth/Age : |
12.05.1943 |
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Date of Appointment : |
01.04.1995 |
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Name : |
Ms. Meena Goel |
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Designation : |
Director |
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Address : |
A-33, Anand Vihar, Delhi – 110092, India |
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Date of Birth/Age : |
12.07.1949 |
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Date of Appointment : |
12.04.1993 |
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Name : |
Mr. Ankur Goel |
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Designation : |
Director |
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Address : |
A-33, Anand Vihar, Delhi – 110092, India |
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Date of Birth/Age : |
07.06.1979 |
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Date of Appointment : |
01.07.1997 |
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Name : |
Ms. Priyanka Goel |
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Designation : |
Director |
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Address : |
A-33, Anand Vihar, Delhi – 110092, India |
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Date of Birth/Age : |
19.08.1978 |
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Date of Appointment : |
01.09.1995 |
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Name : |
Ms. Sweta Goel |
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Designation : |
Director |
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Address : |
A-33, Anand Vihar, Delhi – 110092, India |
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Date of Birth/Age : |
15.02.1982 |
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Date of Appointment : |
05.02.2006 |
KEY EXECUTIVES
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Name : |
Brajesh Kumar and Associates |
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Designation : |
Company Secretary |
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Address : |
P-44, Ground Floor, Pandav Nagar, Mayur Vihar, Phase – I, Delhi –
110091, India |
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Mobile No.: |
91-9818988730 |
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Email : |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 30.09.2005)
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Names of Shareholders |
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No. of Shares |
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Ms. Seema Goel |
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2000 |
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Ms. Rakhi Goel |
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2000 |
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Mr. Barkha Goel |
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7000 |
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Mr. Pawan Kumar (HUF) |
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27030 |
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Om Enterprises |
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20020 |
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Mr. Pawan Kumar |
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18030 |
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Ms. Meena Goel |
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19530 |
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Ms. Priyanka Goel |
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6000 |
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Total |
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101610 |
(As on 31.03.2007)
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Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Traders of Electrical and Electronics Products. |
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Products : |
Electronics Products |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Credit |
GENERAL
INFORMATION
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No. of Employees : |
32 |
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Bankers : |
· Oriental Bank of Commerce · State Bank of Hyderabad · Delhi Co-operative Bank Limited · State Bank of Bikaner and Jaipur Krishna Nagar, Delhi – 110001, india |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
C. P. Singhania and Company Chartered Accountant |
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Name : |
Jitender Sehgal and Company Chartered Accountant |
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Address : |
A-119, II Floor, Vikas Marg, Sahakarpur, New Delhi – 110092, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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210000 |
Equity Shares |
Rs.10/- each |
Rs.2.100 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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201610 |
Equity Shares |
Rs.10/- each |
Rs.2.016
Millions |
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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 |
2.016 |
2.016 |
1.016 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
5.782 |
4.918 |
3.927 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
7.798 |
6.934 |
4.943 |
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LOAN FUNDS |
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1] Secured Loans |
0.386 |
0.664 |
0.572 |
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2] Unsecured Loans |
0.526 |
0.343 |
1.099 |
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TOTAL BORROWING |
0.912 |
1.007 |
1.671 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
8.710 |
7.941 |
6.614 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.918 |
1.910 |
1.802 |
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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 |
0.191 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
22.465
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0.000 |
0.000 |
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Sundry Debtors |
4.915
|
0.000 |
0.000 |
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Cash & Bank Balances |
1.649
|
0.000 |
0.000 |
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Other Current Assets |
2.570
|
0.000 |
0.000 |
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Loans & Advances |
0.215
|
25.105 |
27.929 |
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Total
Current Assets |
31.814
|
25.105 |
27.929 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
24.345
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19.076 |
23.119 |
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Provisions |
0.869
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0.000 |
0.000 |
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Total
Current Liabilities |
25.214
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19.076 |
23.119 |
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Net Current Assets |
6.600
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6.029 |
4.810 |
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MISCELLANEOUS EXPENSES |
0.001 |
0.002 |
0.002 |
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TOTAL |
8.710 |
7.941 |
6.614 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
245.025 |
240.441 |
277.919 |
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Other Income |
1.718 |
1.386 |
0.768 |
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Total Income |
246.743 |
241.827 |
278.687 |
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Profit/(Loss) Before Tax |
1.686 |
1.571 |
1.475 |
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Provision for Taxation |
0.823 |
0.580 |
0.510 |
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Profit/(Loss) After Tax |
0.863 |
0.991 |
0.965 |
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Expenditures : |
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Financial Charges |
0.442 |
0.490 |
0.520 |
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Depreciation |
0.568 |
0.465 |
0.575 |
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Other Expenditure |
244.047 |
239.301 |
276.117 |
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Total Expenditure |
245.057 |
240.256 |
277.212 |
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KEY RATIOS
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PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
0.35
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0.41 |
0.35 |
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Net Profit Margin (PBT/Sales) |
(%) |
0.69
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0.65 |
0.53 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
5.00
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5.81 |
4.96 |
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Return on Investment (ROI) (PBT/Networth) |
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0.22
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0.23 |
0.30 |
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Debt Equity Ratio (Total Liability/Networth) |
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3.35
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2.90 |
5.01 |
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Current Ratio (Current Asset/Current Liability) |
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1.26
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1.32 |
1.21 |
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference:
· Samsung India Limited
Form 8:
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Corporate
identity number (CIN) Foreign company registration number |
U74899DL1992PTC050785 |
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Name of the
Company |
NAVRANG AUDIO VIDEO PRIVATE LIMITED |
|
Address |
D-10/60 Vikas Marg, Laxmi Nagar, New Delhi – 110092, India |
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This form is for |
Creation of
Charge |
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Type of Charge |
Hypothecation |
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Particulars of
the charge holder |
Axis Bank Limited A-43, Swastha Nagar,
Vikasj Marg, New Delhi – 110092, India |
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Nature or
description of the instrument(s) creating or modifying the charge |
Hypothecation of
current assets and movable and composite |
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Date of the
instrument creating or modifying the charge |
28.02.2006 |
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Amount secured by
the charge |
Rs.10.000
Millions |
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Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Above is to
secure the CC of Rs.10.000 Millions against and Book Debts with sub limit against
Book Debts Not Be Exceed Rs.4.000 Millions |
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Short particulars
of the property charged (including location of the property) |
·
Stock in
trade ·
Book Debts ·
Plant and
Machinery ·
Furniture
and Fixture ·
Vehicles Stock and Book
Debts and Plant and Machinery including furniture and fixture |
|
Particular of the
present modification |
NA |
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.41.68 |
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UK Pound |
1 |
Rs.81.23 |
|
Euro |
1 |
Rs.64.13 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
|
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 |
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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 |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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