MIRA
INFORM REPORT
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Report Date : |
26.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
P M PACKERS AND MOVERS PRIVATE LIMITED |
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Registered Office : |
B 64, Lajpet Nagar II, New Delhi - 110024 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
10.08.1993 |
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Com. Reg. No.: |
55-129064 |
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CIN No.: [Company
Identification No.] |
U74950DL1993PTC129064 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELP09557C |
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PAN No.: [Permanent
Account No.] |
AABCP8655L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is engaged in Packing, Moving and Transportation of Personal and
Commercial Articles |
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 10000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Mr. Ashish Mukherjee Quality Controller confirmed details. Subject is a small company engaged in relocating household materials
from one place to other. Trade relations are fair. Payment are usually correct and as per commitments. Scale of operation
is small. The company can be considered for small business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Ashish Mukherjee |
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Designation : |
Quality Controller |
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Date : |
22.05.2008 |
LOCATIONS
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Registered Office : |
B 64, Lajpet Nagar II, New Delhi – 110024, India |
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Tel. No.: |
91-11-41721929/ 32946611 / 32946612/ 55633309 |
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Fax No.: |
91-11-41727360/
26135849 / 26807932/ 29810138 |
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E-Mail : |
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Website : |
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Area : |
500 sq.fts |
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Location : |
rented |
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Head Office : |
·
2, Col. Biswas Road. Park Circus, Kolkata - 700 019,
India ·
· 28, 3rd A cross Domlur Second stage, Bangalore-560071, Karnataka Tel: 91-80-4112 8348 / 6695 9548 / 3292 8328/ 6450 0490 / 25354880 Fax: 91-80- 4112 8347 email : pmbangalore@packersindia.com |
DIRECTORS
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Name : |
Mr. Shiv Kumar Bhargava |
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Designation : |
Director |
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Address : |
D- 7/7315, Vasant Kunj, New Delhi – 110 070, India |
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Date of Birth/Age : |
15.08.1933 |
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Date of Appointment : |
10.08.1993 |
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Name : |
Mrs. Askanksha Bhargava |
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Designation : |
Director |
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Address : |
D- 7/7315, Vasant Kunj, New Delhi – 110 070, India |
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Date of Birth/Age : |
13.08.1985 |
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Date of Appointment : |
05.04.2004 |
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E-Mail: |
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Name : |
Mr. Rajeev Bhargava |
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Designation : |
Director |
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Address : |
D- 7/7315, Vasant Kunj, New Delhi – 110 070, India |
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Date of Birth/Age : |
27.03.1956 |
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Date of Appointment : |
10.08.1993 |
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E-mail: |
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Name : |
Mrs. Archana Bhargava |
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Designation : |
Director |
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Address : |
D- 7/7315, Vasant Kunj, New Delhi – 110 070, India |
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Date of Birth/Age : |
12.08.1957 |
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Date of Appointment : |
10.08.1993 |
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E-mail: |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 31.03.2007)
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Names of Shareholders |
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No. of Shares |
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Mr. Shiv Kumari Bhargava |
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1000 |
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Mr. Rajeev Bhargava |
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6000 |
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Mrs. Archna Bhargava |
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5500 |
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Mrs. Akansha Bhargava |
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3000 |
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Total |
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15500 |
(As on 31.03.2007):-
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Category |
Percentage |
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Directors or relative of directors |
100.00 |
`BUSINESS DETAILS
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Line of Business : |
Subject is engaged in Packing, Moving and Transportation of Personal
and Commercial Articles |
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Terms : |
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Selling : |
Contractual |
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Purchasing : |
Contractual |
GENERAL
INFORMATION
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No. of Employees : |
25 |
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Bankers : |
· HDFC Bank, New Delhi · ICICI Bank, New Delhi · CITI Bank · State Bank of Indore · Oriental Bank of Commerce |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
N K Bhargava and Company Chartered Accountants |
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Address : |
C -31, 1st Floor, Acharya Niketan Phase – I, Mayur Vihar,
New Delhi – 110 091, India |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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20000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.200 million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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15500 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.155
million |
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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 |
0.155 |
0.155 |
0.155 |
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2] Share Application Money |
0.000 |
0.000 |
2.125 |
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3] Reserves & Surplus |
2.301 |
2.330 |
1.512 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
2.456 |
2.485 |
3.792 |
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LOAN FUNDS |
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1] Secured Loans |
0.350 |
1.021 |
0.000 |
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2] Unsecured Loans |
1.341 |
1.333 |
0.000 |
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TOTAL BORROWING |
1.691 |
2.354 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.729 |
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TOTAL |
4.147 |
4.839 |
4.521 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.185 |
2.935 |
2.752 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.010 |
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 |
0.000
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0.000 |
0.000 |
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Sundry Debtors |
1.571
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3.075 |
2.740 |
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Cash & Bank Balances |
0.134
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0.505 |
0.821 |
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Other Current Assets |
0.042
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0.091 |
0.033 |
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Loans & Advances |
2.865
|
2.491 |
2.126 |
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Total
Current Assets |
4.612
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6.162 |
5.720 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
1.340
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2.094 |
2.189 |
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Provisions |
1.320
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2.164 |
1.762 |
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Total
Current Liabilities |
2.660
|
4.258 |
3.951 |
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Net Current Assets |
1.952
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1.904 |
1.769 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
4.147 |
4.839 |
4.521 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007
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31.03.2006 |
31.03.2005 |
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Sales Turnover |
15.161 |
NA |
NA |
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Other Income |
0.141 |
NA |
NA |
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Total Income |
15.302 |
NA |
NA |
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Profit/(Loss) Before Tax |
(0.002) |
0.390 |
0.193 |
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Provision for Taxation |
0.026 |
0.185 |
0.074 |
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Profit/(Loss) After Tax |
(0.028) |
0.205 |
0.119 |
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Expenditures : |
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Financial Charges |
0.227 |
NA |
NA |
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Other Expenditure |
15.077 |
NA |
NA |
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Total Expenditure |
15.304 |
NA |
NA |
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KEY RATIOS
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PARTICULARS |
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31.03.2007
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
(0.18)
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0.00 |
0.00 |
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Net Profit Margin (PBT/Sales) |
(%) |
(15.16)
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0.00 |
0.00 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
(0.03)
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4.29 |
2.28 |
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Return on Investment (ROI) (PBT/Networth) |
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0.00
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0.16 |
0.05 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.77
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2.66 |
1.04 |
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Current Ratio (Current Asset/Current Liability) |
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1.73
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1.44 |
1.44 |
LOCAL AGENCY
FURTHER INFORMATION
WEBSITE DETAILS:
The
Managing Director Rajeev Bhargava who was the youngest, 1st
generation entrepreneur in the year 1986 started packing and moving business in
Calcutta, India. Since then the company has grown into one of the largest
packing company in India and is represented in all the metropolitan cities and
state capitals, therefore no subcontracting of their responsibilities.
In few years they are accredited with the world best packing
organisations in every part of the world help them to offer reliable, secure
and most competitive door to door services. They have even been granted
membership of AMSA, HHGFAA, CAM,PAIMA this has strengthen their world-wide
connections.
Material : The material which they use in their packing is the most modern available
in India. Initial wrapping of furniture is done which is absolutely moisture
proof, termite proof and dust proof. Clothes are hanged in Wardrobe cartons.
Different sizes of their own fabricated cartons are used to differentiate
between the different types of goods and suitable to withstand weight and
delicacy of the goods packed inside.
Passenger cars/jeep/multi utility vehicles etc., which are in the
registered category, may be imported without a license on payment of full
customs duty by the following categories of importers:
· Individuals coming to India for permanent settlement after two year's continuous stay abroad.
· Resident Indians presented with car as an award in any international event/match/ competition
· Legal heirs/successors of deceased relatives residing abroad.
· Physically handicapped persons.
· Companies incorporated in India having foreign equity participation.
· Braches/officers of foreign firms.
· Charitable/ missionary institutions registered with the Ministry of Welfare and the Ministry of Home affairs, Government of India.
· Honorary consuls of foreign countries on the recommendations of the Ministry of External Affairs, Government of India
· Journalists/correspondents of foreign news agencies having accreditation certificate with the press information bureau, Ministry of Information Broadcasting, Govt of India.
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 records 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.42.84 |
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UK Pound |
1 |
Rs.84.78 |
|
Euro |
1 |
Rs.67.32 |
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
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 |
|
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
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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 |
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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. |
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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