MIRA
INFORM REPORT
|
Report Date : |
01.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
METRIC CONSULTANCY LIMITED |
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Registered Office : |
Plot No. 91, Florida, Estate Mundhwa, Pune-411036, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
19.07.2000 |
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Com. Reg. No.: |
25-15132 |
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CIN No.: [Company
Identification No.] |
U74140PN20000PLC015132 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNEM02681A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business : |
They are in to Consultancy and Market Research |
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 65000 |
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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 having satisfactory
track. Trade relations are fair. Business is active. Payments are reported as
usually mad as per commitments. The company can be considered good for normal business dealings. |
INFORMATION PARTED
BY
|
Name : |
Mr. Nair |
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Designation : |
Secretary |
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Date : |
31.10.2008 |
LOCATIONS
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Registered Office : |
Plot No. 91, Florida, Estate Mundhwa, Pune-411036, Maharashtra, India |
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Tel. No.: |
91-20-26823008 |
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Fax No.: |
91-20-26811567 |
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E-Mail : |
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Website : |
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Area : |
3000 sq.ft ( Owned) |
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Head Office : |
Florida Estate, Keshav Nagar, Mundhava, Pune – 411036, Maharashtra,
India |
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Tel. No.: |
91-20-26823008/ 26801135/ 26801136 |
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Fax No.: |
91-20-26811567 |
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E-Mail : |
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Branches : |
Located at:- ·
Delhi ·
Kolkatta ·
Mumbai ·
Chennai |
DIRECTORS
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Name : |
Mr. Karandikar Govind Anand |
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Designation : |
Whole time Director |
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Address : |
T-9, Florida Estate, Keshavnagar, Mundhwa, Pune-411036, Maharashtra,
India |
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Date of Appointment : |
17.07.2000 |
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Name : |
Mr. Deshmukh Laxmikant Ameet |
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Designation : |
Whole time Director |
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Address : |
Florida Estate Soceity, S No. 39, PL 39, Keshavnagar, Mundhwa,
Pune-411036, Maharashtra, India |
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Date of Appointment : |
17.07.2000 |
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Name : |
Mr. Dharmkari Madhukar Shriniwas |
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Designation : |
Whole time Director |
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Address : |
91, Florida Estate, Keshavnagar, Mundhwa, Pune-411036, Maharashtra,
India |
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Date of Appointment : |
19.07.2000 |
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Name : |
Mr. Pawar Pratap Abhijeet |
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Designation : |
Director |
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Address : |
Anand Residence, Flat No. 2, Plot No. 74/75, Lane No. 1, Anand Park,
Aundh, Pune-411007, Maharashtra, India |
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Date of Appointment : |
15.10.2004 |
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Name : |
Mr. Shah Chinubhai Parag |
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Designation : |
Director |
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Address : |
41/15, “Malkauns”, Co-Operative Housing Society, Karvenagar,
Pune-411052, Maharashtra, India |
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Date of Appointment : |
05.09.2005 |
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Name : |
Mr. Joshi Ramkrishan Ashok |
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Designation : |
Director |
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Address : |
38/23, Profile Heritage, Prabhat Road, Lane No. 10, Pune-411004,
Maharashtra, India |
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Date of Appointment : |
05.09.2005 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 30.09.2006
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Names of Shareholders |
|
No. of Shares |
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Karandikar Govind Anand |
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17868 |
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Deshmukh Laxmikant Ameet |
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17868 |
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Dharmadhikari Madhukar Shrinivas |
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14258 |
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Pange Vasudeo Deenanath |
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2 |
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Bangale Hemant Nanda |
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1 |
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Kumbhar Janardhan Bharati |
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1 |
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Kezaplakkal K Santosh |
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1 |
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Halande Madhukar Anjali |
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1 |
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Total |
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50000 |
Equity Share Breakup (Percentage of Total Equity)
As on30.09.2007
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Category |
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Percentage |
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Directors or relatives of directors |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
They are in to Consultancy and Market Research |
GENERAL
INFORMATION
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Customers : |
·
BPL ·
Whirlpool ·
Cognizant ·
TVS ·
Honda ·
SPIC ·
Rallis ·
Novartis ·
Ranbaxy ·
LML ·
BILT ·
EID Parry ·
Daewoo ·
Thermax ·
Kinetic ·
TI Cycles ·
KSB Pumps ·
Mercedes Benz ·
TATA Steel ·
Bajaj Tempo ·
VSNL ·
TATA Motors ·
BPCL ·
Swaraj Mazda ·
GlaxoSmithKline ·
Cummins Auto ·
TQMS ·
Bank of Maharashtra ·
Hindustan Petroleum ·
Kirloskar Oil Engines ·
Larsen and Toubro ·
Yamaha ·
LandT John Deere ·
Carborundum Universal ·
ICPA ·
Honda Motorcycles and Scooters |
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No. of Employees : |
100 |
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Bankers : |
·
Saraswat Co-Operative Bank Limited, Tilak Road Branch, Pune-411030,
Maharashtra, India ·
Citi Bank, Pune ·
State Bank of India, Hadapsar, Pune |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
M R Bhatkhande and Company Chartered Accountant |
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Address : |
106, Bharat Bhavan ‘A’, 1360 Shukrawar Peth, Pune-411002. Maharashtra,
Inida |
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Associates/Subsidiaries : |
Metric Consultancy (UK) Limited |
CAPITAL STRUCTURE
As on 30.09.2006
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
10/- each |
Rs. 0.500 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
10/- each |
Rs. 0.500 Million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
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31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.500 |
0.500 |
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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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12.686 |
9.886 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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13.186 |
10.386 |
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LOAN FUNDS |
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1] Secured Loans |
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10.299 |
10.781 |
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2] Unsecured Loans |
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3.384 |
2.911 |
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TOTAL BORROWING |
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13.683 |
13.692 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.111 |
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TOTAL |
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26.869 |
24.189 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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11.062 |
12.141 |
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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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0.105 |
0.080 |
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DEFERREX TAX ASSETS |
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0.001 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
0.000 |
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Sundry Debtors |
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6.455 |
8.636 |
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Cash & Bank Balances |
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3.225 |
1.026 |
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Other Current Assets |
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5.388 |
7.250 |
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Loans & Advances |
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12.477 |
2.376 |
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Total
Current Assets |
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27.545 |
19.288 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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7.426 |
4.774 |
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Provisions |
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4.428 |
2.559 |
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Total
Current Liabilities |
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11.854 |
7.333 |
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Net Current Assets |
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15.691 |
11.955 |
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MISCELLANEOUS EXPENSES |
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0.010 |
0.013 |
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TOTAL |
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26.869 |
24.189 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
31.03.2007 |
31.03.2006 |
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Sales Turnover |
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28.270 |
30.746 |
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Other Income |
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0.066 |
0.075 |
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Total Income |
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28.336 |
30.821 |
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Profit/(Loss) Before Tax |
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4.558 |
2.346 |
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Provision for Taxation |
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1.757 |
1.361 |
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Profit/(Loss) After Tax |
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2.801 |
0.985 |
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Expenditures : |
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Salaries, Wages, Bonus, etc. |
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6.768 |
12.737 |
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Managerial Remuneration |
|
2.330 |
2.330 |
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Payment to Auditors |
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0.088 |
0.057 |
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Interest |
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1.399 |
1.088 |
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Insurance Expenses |
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0.035 |
0.050 |
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Power & Fuel |
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0.000 |
0.196 |
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Depreciation & Amortization |
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1.861 |
2.073 |
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Other Expenditure |
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11.297 |
9.944 |
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Total Expenditure |
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23.778 |
28.475 |
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KEY RATIOS
|
PARTICULARS |
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|
31.03.2007 |
31.03.2006 |
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PAT / Total Income |
(%) |
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9.89 |
3.25 |
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Net Profit Margin (PBT/Sales) |
(%) |
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16.12 |
7.63 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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11.81 |
12.11 |
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Return on Investment (ROI) (PBT/Networth) |
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0.35 |
0.23 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.94 |
2.02 |
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Current Ratio (Current Asset/Current Liability) |
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2.32 |
2.63 |
LOCAL AGENCY
FURTHER INFORMATION
Bankers Charges
Report as per Registry
|
This form is for |
Creation of charge
|
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Corporate
identity number of the company |
U74140PN20000PLC015132 |
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Name of the
company |
METRIC CONSULTANCY LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
Plot No. 91, Florida, Estate Mundhwa, Pune-411036, Maharashtra, India |
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Type of charge |
Book Debts Movable Property |
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Particular of
charge holder |
Saraswat Co-Operative Bank Limited, Tilak Road Branch, Pune-411030,
Maharashtra, India |
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Nature of description
of the instrument creating or modifying the charge |
Agreement of
Hypothecation of Moveable Property dated 7th February 2007 |
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Date of
instrument Creating the charge |
07.02.2007 |
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Amount secured by
the charge |
Rs. 4.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest PLR + 1.00% p.a.
=12.5% p.a. or at such rate as may from time to time be fixed by the bank Terms of
Repayment On Demand or as
per agreement Margin 30% of Debtors
(within 90 days) less Creditors Extent and
Operation of the charge Working Capital
Limit – Rank Pari Passu – Terms and conditions as per the agreement Others As per agreement |
|
Short particulars
of the property charged |
The borrower/s
doth do hereby hypothecate to and in favour of bank all tangible movable
property, Stock, Book Debts (Both present and future) belonging to the
borrower’s and Lying and being at the borrowers/s place of business at Plot
No. 91, Florida Estate, Mundhwa, Pune-411036, Maharashtra, India |
AS PER WEBSITE
History:
In a brief span of fifteen years, METRIC has emerged as a leading
Consultancy firm and carved out a special position for itself as a source for
value added research.
METRIC was established in 1989, as a partnership firm by Dr. Anand Karandikar
and
Dr. Ameeta Deshmukh. In 2000 it became a public limited company with a
high-powered team of Senior Consultants with long-standing experience in both
line marketing and research, supported by consultants and research officers.
In 2002 METRIC went international when it franchised its research model MOSTER
to worldwide Market Research agencies. MOSTER is now being used in 20 countries
around the globe. METRIC provides all support to its international partners
including proposal making, questionnaire design, analysis and professional
presentation.
To assist organizations to implement strategic change for the competitive edge,
METRIC began a full-fledged training department.
In 2003 METRIC expanded its operations to providing skilled and trained
manpower in market research to its partners worldwide.
METRIC is a member of ESOMAR and AIMRI
The Board of Directors are :
:: Dr. Anand Karandikar
:: Dr. Ameeta Deshmukh
:: Mr. S. Dharmadhikari
:: Mr. Abhijeet Pawar
METRIC has its head office in Pune with a modern computerized data processing
system and a large library with over 2000 reference volumes.
The firm has an all-India data collection network, with branch offices located in
Delhi, Bangalore, Ahmedabad, Chennai and field offices in Jamshedpur,Hyderabad
and Lucknow.
At METRIC, the simple norm used to judge the quality of deliverables is:
"whether the contribution has helped the client to increase sales
and/or profitability".
People:
METRIC has a diversified and varied team with specializations in:
:: Customer value management
:: Econometrics
:: Direct Marketing
:: Channel Management
:: Psychometric evaluation
:: Statistical Analysis Interpretation
:: Forecasting
:: Business Strategy
:: Corporate Governance…. And much more
The team consists of men and women from all the States in India and
covers all social classes and strata, bringing a depth of understanding and
perspective to the consulting.
The industrial experience of the team included
:: Automobiles
:: Pharmaceuticals
:: Academics
:: Sales and Marketing
:: Rural Marketing
:: Manufacturing
:: Hospitality
:: Education
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.49.25 |
|
UK Pound |
1 |
Rs.80.36 |
|
Euro |
1 |
Rs.62.84 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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 |
|
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 |
|