MIRA
INFORM REPORT
|
Report Date : |
04.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SHIVA INTERNATIONAL PRIVATE LIMITED |
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Registered Office : |
3778/5, Gali Loha Walicharkhawala, Chawri Bazar, New Delhi – 110 006,
Delhi |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
12.11.1992 |
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Com. Reg. No.: |
55-50948 |
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CIN No.: [Company
Identification No.] |
U74899DL1992PTC050948 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELS21742A |
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PAN No.: [Permanent
Account No.] |
AAACS2369Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importer and Trader of wide range of High quality Paper and Paper
Boards. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 1000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a pretty old company having moderate track. Scale of
activity is limited. Profitability is under pressure. Payments are reported
as slow at times. The company can be considered for small to mediocre business with
slight caution, initially. |
LOCATIONS
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Registered Office : |
3778/5, Gali Loha Walicharkhawala, Chawri Bazar, New Delhi – 110 006,
Delhi, India |
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Tel. No.: |
91-11-23321102 / 23820576 |
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E-Mail : |
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Corporate Office : |
Caxton House, Suit 200, 2-E, Jhandewala Extension, New Delhi – 110
055, India |
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Tel. No.: |
91-11-23678600 / 23513400 |
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Fax No.: |
91-11-41540431 |
DIRECTORS
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Name : |
Mr. Sanjeev Kumar Gupta |
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Designation : |
Director |
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Address : |
J-705, Ward-6, Mehruli, New Delhi – 110 030, India |
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Date of Birth/Age : |
08.07.1963 |
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Date of Appointment : |
18.12.1992 |
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Name : |
Mr. Rajeev Kumar Gupta |
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Designation : |
Director |
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Address : |
J-705, Ward-6, Mehruli, New Delhi – 110 030, India |
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Date of Birth/Age : |
29.04.1965 |
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Date of Appointment : |
01.12.1992 |
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Name : |
Mr. Arun Kumar Gupta |
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Designation : |
Director |
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Address : |
J-705, Ward-6, Mehruli, New Delhi – 110 030, India |
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Date of Birth/Age : |
11.02.1968 |
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Date of Appointment : |
01.12.1992 |
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Name : |
Mr. Ravinder Kumar Gupta |
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Designation : |
Director |
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Address : |
B-3/96, Safdarjung Enclave, Delhi – 110 029, India |
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Date of Birth/Age : |
28.09.1982 |
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Date of Appointment : |
01.04.2007 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 30.09.2005)
|
Names of Shareholders |
No. of Shares |
|
Ravinder K Gupta |
250 |
|
Sanjeev Kumar Gupta |
400 |
|
Raj K Gupta |
250 |
|
Arvind K Gupta |
250 |
|
Vimla Devi |
250 |
|
Rajeev Kumar Gupta |
290 |
|
Arun Kumar Gupta |
300 |
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Vishal |
1 |
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Sneh Lata |
1 |
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Shalini |
10 |
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Total |
2002 |
List of Allotment
|
Names of Allottees |
No. of Shares |
|
Rajeev Kumar Gupta |
9000 |
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Rajeev Kumar Gupta |
2230 |
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Sanjeev Kumar Gupta |
200 |
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Arun Kumar Gupta |
1650 |
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Total |
13080 |
List of Allotment (As on 27.04.2007)
|
Names of Allottees |
No. of Shares |
|
Sanjeev Kumar Gupta |
3000 |
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Rajeev Kumar Gupta |
2000 |
|
Sarda Gupta |
1000 |
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Preeti Gupta |
1000 |
|
Ritu Gupta |
1000 |
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Arun Kumar Gupta |
1000 |
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Ravinder K Gupta |
2000 |
|
Neeta Gupta |
1000 |
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Rajeev Kumar Gupta |
1000 |
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Total |
13000 |
List of Allotment (As on 28.04.2008)
|
Names of Allottees |
No. of Shares |
|
Rajeev Kumar Gupta |
9000 |
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Rajeev Kumar Gupta |
2230 |
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Sanjeev Kumar Gupta |
200 |
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Arun Kumar Gupta |
1650 |
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Total |
13080 |
Equity shares Breakup (percentage of total equity)
(As on 30.09.2006)
|
Category |
Percentage |
|
Directors or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Importer and Trader of wide range of High quality Paper and Paper
Boards. |
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Products : |
·
Paper ·
Paper Board ·
C1S and C2S Paper and Paper Board
·
Wood Free Paper
·
SBS Board ·
Filter Paper ·
Coated and Uncoated Paper and Paper Board
·
Non Woven Fabric
·
Coloured Paper and Paper Board |
GENERAL
INFORMATION
|
Bankers : |
·
Citi Bank ·
Union Bank of India Aurobindo Marg, 1st Floor,
Yusuf Sarai (Market), New Delhi – 110 066, Delhi, India ·
State Bank of India |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Arun Kumar Gupta and Associates Chartered Accountants |
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Address : |
15, Abul Fazal Road, Bengali Market, New Delhi – 110 001, India |
CAPITAL STRUCTURE
(As on 30.09.2006)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2002 |
Equity Shares |
Rs.100/- each |
Rs.0.200
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.200 |
0.200 |
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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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0.064 |
0.077 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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0.264 |
0.277 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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0.307 |
0.900 |
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TOTAL BORROWING |
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0.307 |
0.900 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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0.571 |
1.177 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.134 |
0.141 |
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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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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.003 |
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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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0.756 |
1.247 |
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Cash & Bank Balances |
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0.189 |
0.316 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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0.131 |
0.030 |
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Total
Current Assets |
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1.076 |
1.593 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.639 |
0.560 |
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Provisions |
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0.000 |
0.000 |
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Total
Current Liabilities |
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0.639 |
0.560 |
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Net Current Assets |
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0.437 |
1.033 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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0.571 |
1.177 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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|
31.03.2006 |
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Sales Turnover |
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|
1.691 |
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Other Income |
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0.000 |
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Total Income |
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1.691 |
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Profit/(Loss) Before Tax |
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(0.010) |
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Provision for Taxation |
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0.003 |
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Profit/(Loss) After Tax |
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(0.013) |
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Total Expenditure |
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1.701 |
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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(0.77) |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
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(0.59) |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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(0.83) |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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(0.04) |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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3.58 |
5.27 |
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Current Ratio (Current Asset/Current Liability) |
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1.68 |
2.84 |
LOCAL AGENCY
FURTHER INFORMATION
Form No. 8
|
Corporate
identity number of the company |
U74899DL1992PTC050948 |
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Name of the
company |
SHIVA INTERNATIONAL PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
3778/5, Gali Loha Walicharkhawala, Chawri Bazar, New Delhi – 110 006,
Delhi, India |
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This form is for |
Creation of
charge |
|
Type of charge |
·
Book Debts ·
Movable
property (not being pledge) |
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Particular of
charge holder |
Union Bank of India Aurobindo Marg, 1st Floor, Yusuf Sarai (Market), New Delhi
– 110 066, Delhi, India |
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Nature of
instrument creating charge |
Hypothecation
Agreement of Goods and Debts (DS 06) |
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Date of
instrument Creating the charge |
30.05.2007 |
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Amount secured by
the charge |
Rs.4.800 millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
·
Rate of
interest Interest @ 13.5% p.a. with monthly rests or such other rate fixed by
the Bank. ·
Terms of
repayment On Demand ·
Margin Nil ·
Extent and
operation of the charge 100% ·
Others To secure CC (H) Limit of Rs.4.800 millions sanctioned by the Bank |
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Particulars of
the property charged |
Hypothecation of
all the stocks of paper rolls, poly paper, paper board etc. stored at the shop
/ godowns alongwith present and future book debts upto 90 days old. |
Web Details
They are world class business concern managed by a group of
professionals with vast industry experience. Subject is engaged in the industry as a reputed importer, trader
and supplier of a wide range of high quality Paper and Paper Boards. Since its
inception, the company has nurtured the culture of total quality control and
thus, established a strong position in the market. The success of our company
is demonstrated by the rapid growth and success, being witnessed within a very
short span of time. At present, they are a 100% import oriented company,
offering a wide range of top quality Paper,
Paper Board, C1S and C2S Paper and Paper Board, Wood Free Paper, SBS Board,
Filter Paper, Coated and Uncoated Paper and Paper Board, Non Woven Fabric,
Coloured Paper and Paper Board etc. They source the products from highly reputed manufacturers at the
international level and thus, avail the clients a one stop solution for all the
paper and paper board needs.
At Subject, they never
compromise with quality as they are of the belief that it is the one and only
way to win customer satisfaction. In addition, they are well known in the
industry for the ability to provide the clients a cost effective solution to
their needs. The reputation has been developed through uncompromising customer
centric approaches and the determination to nurture this culture; setting a
tradition of quality and creating a climate of trust.
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.46.88 |
|
UK Pound |
1 |
Rs.82.97 |
|
Euro |
1 |
Rs.64.99 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
|
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|
--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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 |
|