MIRA
INFORM REPORT
|
Report Date : |
06.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
M R TOBACCO
PRIVATE LIMITED |
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Registered Office : |
1/33, G.F.I., Sir
Ganga Ram Hospital Road, Opposite Nanaksar Gurudwara, Old Rajendra Nagar, New
Delhi – 110060 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
15.01.1988 |
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Com. Reg. No.: |
55-30327 |
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CIN No.: [Company
Identification No.] |
U74899DL1988PTC030327 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELM08738C DELM10187C |
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PAN No.: [Permanent
Account No.] |
AABCM8262E |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Manufacturer and
Exporter of Chewing Tobacco 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 34000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well
– established company having satisfactory track. Trade relations are fair.
General financial position is satisfactory. Payments are usually correct and
as per commitments. The company can
be considered normal for business dealings at usual trade terms and
conditions. |
LOCATIONS
|
Registered Office : |
1/33, G.F.I., Sir
Ganga Ram Hospital Road, Opposite Nanaksar Gurudwara, Old Rajendra Nagar, New
Delhi – 110060, India |
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Tel. No.: |
91-11-2586 0147/ 52445294/ 25860147 |
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Mobile No.: |
91-9810004215/ 9810009357 |
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Fax No.: |
91-11-27251320/
42371999 |
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E-Mail : |
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Website : |
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Location : |
Commercial |
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Factory : |
B-14, Gali No-7, Saneypur, Delhi 110 042, India |
DIRECTORS
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Name : |
Mr. Chandra Kumar Gupta |
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Designation : |
Director |
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Address : |
D-21, Model Town,
Delhi – 110009, India |
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Date of Birth/Age : |
18.08.1952 |
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Date of Appointment : |
15.01.1988 |
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Name : |
Mr. Anil Kumar
Gupta |
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Designation : |
Director |
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Address : |
1979, Devi Road,
Manipuri, Uttar Pradesh – 205001, India |
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Date of Birth/Age : |
04.11.1954 |
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Date of Appointment : |
15.01.1988 |
KEY EXECUTIVES
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Name : |
Ms Richa Kalia |
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Designation : |
Company
Secretary |
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Address : |
B-1A/49A,
Janakpuri, New Delhi 110 058, India |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 30.09.2005)
|
Names of Shareholders |
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No. of Shares |
|
Chandra Kumar Gupta |
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10010 |
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Anil Kumar Gupta |
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5010 |
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Himanshu Gupta |
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5000 |
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Total |
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20020 |
(As on 31.03.2007)
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Category |
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Percentage |
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Directors of relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and
Exporter of Chewing Tobacco Products |
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Products : |
·
Pan Masala ·
Gutkha ·
Khaini ·
Mouth
Freshner ·
Meethi
Supari ·
Herbal Pan
Masala ·
Mix Supari ·
Zarda |
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Brand Names : |
·
Daawar Pan
Masala ·
Pan King ·
Soni Pan
Masala ·
Mughal Pan
Masala |
GENERAL
INFORMATION
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No of Employees: |
40 |
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Bankers : |
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Facilities : |
Vehicle Loan from
ICICI Bank |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
M.S. Sekhon and Company Chartered Accountants |
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Address : |
170, Madhuvan, Delhi 110 092, India |
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Tel. No.: |
91-11-52445194, 52445294 |
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E-Mail : |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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30000 |
Equity Shares |
Rs.100/- each |
Rs.3.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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20020 |
Equity Shares |
Rs.100/- each |
Rs.2.002 Millions
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
2.002 |
2.002 |
2.002 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
4.748 |
4.675 |
4.608 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
6.750 |
6.677 |
6.610 |
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LOAN FUNDS |
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1] Secured Loans |
0.120 |
0.199 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.120 |
0.199 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.175 |
0.056 |
0.107 |
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TOTAL |
7.045 |
6.932 |
6.717 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.402 |
1.729 |
1.889 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
2.998
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1.697
|
1.144 |
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Sundry Debtors |
0.884
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2.313
|
2.454 |
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Cash & Bank Balances |
3.683
|
2.505
|
2.122 |
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Other Current Assets |
0.000
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0.000
|
0.000 |
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Loans & Advances |
6.377
|
4.375
|
4.729 |
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Total Current Assets |
13.942
|
10.890
|
10.449 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities & Provision |
8.254
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5.695
|
5.633 |
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Provisions |
0.049
|
0.000 |
0.000 |
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Total Current Liabilities |
8.303
|
5.695
|
5.633 |
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Net Current Assets |
5.639
|
5.195
|
4.816 |
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MISCELLANEOUS EXPENSES |
0.004 |
0.008 |
0.012 |
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TOTAL |
7.045 |
6.932 |
6.717 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
14.213 |
11.385 |
14.374 |
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Other Income |
0.000 |
0.051 |
0.105 |
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Total Income |
14.213 |
11.436 |
14.479 |
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Profit/(Loss) Before Tax |
0.237 |
0.060 |
0.215 |
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Provision for Taxation |
0.164 |
[0.007] |
(0.014) |
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Profit/(Loss) After Tax |
0.073 |
0.067 |
0.229 |
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Expenditures : |
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Interest |
0.000 |
0.000 |
0.059 |
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Depreciation & Amortization |
0.327 |
0.396 |
0.470 |
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Other Expenditure |
13.649 |
10.980 |
13.735 |
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Total Expenditure |
13.976 |
11.376 |
14.264 |
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KEY RATIOS
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PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
0.51
|
0.59
|
1.58 |
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Net Profit Margin (PBT/Sales) |
(%) |
1.67
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0.53
|
1.50 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.54
|
0.48
|
1.74 |
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Return on Investment (ROI) (PBT/Networth) |
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0.04
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0.01
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0.03 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.25
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0.88
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0.85 |
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Current Ratio (Current Asset/Current Liability) |
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1.68
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1.91
|
1.85 |
LOCAL AGENCY
FURTHER INFORMATION
WEBSITE
DETAILS
Profile:
The company is one of the premier
manufacturers and exporters of Pan Masala in the country today. The company has
acquired a leadership position in the market owing to its high quality
products. They have managed to establish as a brand in the market due to their
unflinching commitment to customer satisfaction. They have made their mark in
every conceivable segment of the tobacco industry. Their products are available
in small individual pouches to economy packs.
THE MILESTONES:
1932:
Family Business started under Mr. Khayaliram Kishanlal.
1960: The business was taken over by Mohanlal Ramkumar.
1976: Establishment Year of MR Sales Corporation.
1988: MR Sales Corporation rechristened as MR Tobacco.
They have reached a position of
strength in the market due to the vision and foresight of the senior management
of the company. They have accurately measured the demand and have managed to
match expenses with revenue to create a profitable business model. This
strategic planning combined with flawless execution has resulted in MR Tobacco
being the vendor of choice to their customers.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.88 |
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UK Pound |
1 |
Rs.82.97 |
|
Euro |
1 |
Rs.64.99 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
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 |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial condition
(40%) Ownership background
(20%) Payment record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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