MIRA
INFORM REPORT
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Report Date : |
31.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
BONNY BABAYCARE PRIVATE LIMITED |
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Registered Office : |
4876, Paras Nath Marg, Sadar Bazar, New Delhi 110006 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
08.03.1994 |
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Com. Reg. No.: |
55-057791 |
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CIN No.: [Company
Identification No.] |
U74899DL1994PTC057791 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Baby Care 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 78000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company meeting its normal commitments timeously. Trade relations are fair. The company can be considered good for normal business dealings |
LOCATIONS
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Registered Office : |
4876, Paras Nath Marg, Sadar Bazar, New Delhi 110006, India |
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Tel. No.: |
91-11-23623167 |
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E-Mail : |
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Website : |
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Factory 1 : |
C – 6, Sector 58, Phase 3, Noida 201307, Uttar Pradesh, India |
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Tel. No.: |
91-120-2580786 / 2583413 |
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Fax No.: |
91-120-2490460 |
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Factory 2 : |
4876, Sadar Bazar, Paras Nath Road, Delhi 110006, India |
DIRECTORS
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Name : |
Mr. Subhas Aneja |
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Designation : |
Director |
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Address : |
6/75, West Punjabi Bagh, New Delhi 110026, India |
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Date of Birth/Age : |
14.09.1947 |
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Date of Appointment : |
1.03.1994 |
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Name : |
Sarla Aneja |
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Designation : |
Director |
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Address : |
6/75, West Punjabi Bagh, New Delhi 110026, India |
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Date of Birth/Age : |
22.05.1925 |
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Date of Appointment : |
15.04.1997 |
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Name : |
Mr. Promila Aneja |
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Designation : |
Director |
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Address : |
6/75, West Punjabi Bagh, New Delhi 110026, India |
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Date of Birth/Age : |
20.10.1952 |
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Date of Appointment : |
31.03.1997 |
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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Subhash Aneja |
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28000 |
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Sarla Aneja |
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38500 |
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Promila Aneja |
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13500 |
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Total |
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80000 |
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Equity Share
Break-up [As on 31.03.2006] |
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Percentage of
Holding |
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Directors or relatives of the Directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Baby Care Products |
GENERAL
INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
16 |
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Bankers : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Anil Kakar and Associates Chartered Accountants |
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Address : |
6, Central Lane, Bengali Market, New Delhi 110001, India |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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80000 |
Equity Shares |
Rs. 100/- each |
Rs. 8.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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80000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.800 Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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8.000 |
8.000 |
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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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11.551 |
11.202 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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19.551 |
19.202 |
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LOAN FUNDS |
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1] Secured Loans |
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9.212 |
11.386 |
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2] Unsecured Loans |
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0.720 |
0.720 |
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TOTAL BORROWING |
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9.932 |
12.106 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.118 |
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TOTAL |
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29.483 |
31.426 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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14.588 |
16.853 |
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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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Inventories |
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10.117 |
9.207 |
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Sundry Debtors |
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12.030 |
10.300 |
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Cash & Bank Balances |
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0.544 |
0.524 |
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Other Current Assets |
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0.538 |
0.408 |
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Loans & Advances |
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1.828 |
1.454 |
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Total
Current Assets |
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25.057 |
21.893 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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10.162 |
7.320 |
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Provisions |
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0.000 |
0.000 |
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Total
Current Liabilities |
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10.162 |
7.320 |
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Net Current Assets |
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14.895 |
14.573 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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29.483 |
31.426 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Sales Turnover |
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40.392 |
39.630 |
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Total Income |
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40.392 |
39.630 |
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Net Profit |
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2.553 |
2.438 |
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Earnings in Foreign Currency : |
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1.689 |
--- |
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Total Imports |
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5.910 |
4.146 |
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Total Expenditure |
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37.839 |
37.192 |
KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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NA |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
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NA |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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NA |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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NA |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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1.03 |
1.02 |
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Current Ratio (Current Asset/Current Liability) |
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2.46 |
2.99 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8
Bankers Charges
Report as per Registry
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This form is for |
Creation of
charge |
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Corporate identity
number of the company |
U74899DL1994PTC057791 |
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Name of the
company |
BONNY BABAYCARE
PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
4876, Paras Nath Marg, Sadar Bazar, New Delhi 110006, India |
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Type of charge |
Immovable Property |
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Particular of
charge holder |
Corporation Bank
SSI Branch SME Branch, G –
28/29, Sector 18, Noida 201301, Uttar Pradesh, India |
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Nature of description
of the instrument creating or modifying the charge |
Continuity letter
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Date of
instrument Creating the charge |
19.05.2007 |
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Amount secured by
the charge |
Rs. 51.825
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
[a] Rate of
interest As per banks
prescribed rules [b] Terms of
repayment As per sanction
terms [c] Margin As per sanction
terms [d] Extent and
operation of the charge The equitable
mortgage of property is collaterally secure following credit limit to
sanction by the bank to the following company’s Bonny Baby care Private
Limited of Rs. 16.725 Millions and Bonny Poly Plast Private Limited of Rs.
35.100 Millions. Aggregate limit of
Rs. 51.825 Millions. |
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Short particulars
of the property charged |
Company’s
immovable property situated at Plot No. C-6, Sector 58, Noida, area 800 Sq.
mtrs. District Gautam Budha Nagar, Uttar Pradesh, 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 exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 42.59 |
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UK Pound |
1 |
Rs. 84.16 |
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Euro |
1 |
Rs. 65.99 |
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 |
YES |
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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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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 |
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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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