MIRA
INFORM REPORT
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Report Date : |
08.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
GERMICIDE HOUSEKEEPING AGENCY PRIVATE LIMITED |
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Registered Office : |
6/ 3, Ekdalia Road, Ballygunge, Kolkata – 700 019, West Bengal |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
01.02.2005 |
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Com. Reg. No.: |
101501 |
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CIN No.: [Company
Identification No.] |
U74930WB2005PTC101501 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CALG04853C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is engaged in providing all kinds of Housekeeping, Cleaning and Maintenance Solutions including facility
Management Solutions, Housekeeping Solutions etc. |
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 5000 |
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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
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Registered Office : |
6/ 3, Ekdalia Road, Ballygunge, Kolkata – 700 019, West Bengal, India. |
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Tel. No.: |
91-33-24407947 |
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Mobile No.: |
91-9830168879 (Mr. Uttam Ray) 91-9830082674 (Mrs. Sriparna Basu) 91-9831427834 (Mr. Jayanta Chakraborty) |
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Fax No.: |
91-33-24400226 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. Uttam Ray |
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Designation : |
Director |
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Address : |
6/ 3, Ekdalia Road, P.S. - Gariahat, Kolkata – 700 019, West Bengal,
India. |
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Date of Birth/Age : |
03.01.1957 |
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Date of Appointment : |
01.02.2005 |
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Name : |
Mrs. Sriparna Basu |
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Designation : |
Director |
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Address : |
4/ 3, Ekdalia Road, P.S. - Gariahat, Kolkata – 700 019, West Bengal,
India. |
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Date of Birth/Age : |
02.08.1950 |
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Date of Appointment : |
01.02.2005 |
KEY EXECUTIVES
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Name : |
Mr. Jayanta Chakraborty |
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Designation : |
Vice President |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 19.01.2005
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Names of Shareholders |
No. of Shares |
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Mr. Uttam Ray |
5000 |
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Mrs. Sriparna Basu |
5000 |
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Total |
10000 |
As on 24.09.2007
Equity share breakup (percentage of total equity)
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Category |
Percentage |
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Directors or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in providing all kinds of Housekeeping, Cleaning and Maintenance Solutions including facility
Management Solutions, Housekeeping Solutions etc. |
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Products : |
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GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
200 |
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Bankers : |
Rashbehari Avenue Branch, 10 A, Rashbehari Avenue, Kolkata – 700 029, West Bengal, India. |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Chartered Accountants Address: 2, J.L. Nehru Road, Kolkata – 700 013, West Bengal, India.
Chartered Accountants Address: 107, N S C Bose Road, Kolkata – 700 040, West Bengal, India. |
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Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.10/- Each |
Rs.0.500 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- Each |
Rs.0.100
Million |
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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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31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
0.100 |
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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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0.929 |
0.449 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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1.029 |
0.549 |
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LOAN FUNDS |
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1] Secured Loans |
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0.784 |
0.000 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL BORROWING |
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0.784 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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1.813 |
0.549 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.341 |
0.254 |
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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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0.000 |
0.000 |
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Sundry Debtors |
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0.893 |
0.770 |
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Cash & Bank Balances |
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0.366 |
0.586 |
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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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1.763 |
0.632 |
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Total
Current Assets |
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3.022 |
1.988 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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1.034 |
1.454 |
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Provisions |
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0.516 |
0.239 |
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Total
Current Liabilities |
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1.550 |
1.693 |
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Net Current Assets |
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1.472 |
0.295 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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1.813 |
0.549 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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14.830 |
12.066 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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14.830 |
12.066 |
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Profit/(Loss) Before Tax |
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0.758 |
0.687 |
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Provision for Taxation |
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0.278 |
0.238 |
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Profit/(Loss) After Tax |
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0.480 |
0.449 |
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Total Expenditure |
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14.072 |
11.379 |
KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
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PAT / Total Income |
(%) |
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3.24 |
3.72 |
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Net Profit Margin (PBT/Sales) |
(%) |
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5.11 |
5.69 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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22.54 |
30.64 |
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Return on Investment (ROI) (PBT/Networth) |
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0.74 |
1.25 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.27 |
3.08 |
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Current Ratio (Current Asset/Current Liability) |
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1.95 |
1.17 |
LOCAL AGENCY FURTHER
INFORMATION
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Corporate
identity number of the company |
U74930WB2005PTC101501 |
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Name of the
company |
GERMICIDE HOUSEKEEPING AGENCY PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
6/ 3, Ekdalia Road, Ballygunge, Kolkata – 700 019, West Bengal, India. |
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This form is for |
Creation of charge |
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Type of charge |
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Particular of
charge holder |
Allahabad Bank Rashbehari Avenue Branch, 10 A, Rashbehari Avenue, Kolkata – 700 029, West Bengal, India. E-Mail: Allahabad@allahabadbank.com |
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Nature of instrument
creating charge |
First charge over
the whole of the present and future products, foods and movable property of
any kind including all movable plant and machinery, apparatus etc. whether
raw or in process or manufacture or in manufactured there form stored in W.B.
or wherever else and all present and future book debts, claims, bills etc.
Together with second mortgage by deposit of title deeds in respect of the
western flat at “Ashray”, 3rd Floor, 1 B, 4th Road,
Eastern Park, Kolkata – 75. |
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Date of
instrument Creating the charge |
11.09.2006 |
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Amount secured by
the charge |
Rs.1.000 Million |
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Brief of the
principal terms an conditions and extent and operation of the charge |
The rate of interest
shall be charged 50% p.a. above the PLR rate subject to a minimum of 12% p.a.
with monthly rests. |
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Description of
the property charged indicating whether it is a charged on |
Immovable
properties Stock in trade Plant and
machinery Book debts Furniture and
fixtures |
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Particulars of
the property charged |
First charge over
the whole of the present and future products, foods and movable property of
any kind including all movable plant and machinery, apparatus etc. whether
raw or in process or manufacture or in manufactured there form stored in W.B.
or wherever else and all present and future book debts, claims, bills etc.
Together with second mortgage by deposit of title deeds in respect of the
western flat at “Ashray”, 3rd Floor, 1 B, 4th Road,
Eastern Park, Kolkata – 75. |
As Per Website:
Services Offered
- Housekeeping and Maintenance
- Cleaning Services: Cleaning of
an entire office floor; dusting of furniture, carpet, cobwebs, soot, etc.;
cleaning and washing of toilets, sanitary fittings and floors; cleaning
of glass-panels, doors and windows, partition, etc.
- Pest Control Services: All sorts
of pest control for insects, rodent control, termite control, including
their prevention; pre-construction soil treatment by killing white ants;
domestic pest control using insecticides and mosquito repellents;
complete protection against pests carried out in office at regular
intervals
- Office Maintenance: Providing complete
maintenance of office by executing services like electrical repairing,
plumbing, masonry, carpentry, etc. on adhoc or regular basis
- Pantry and Catering Services: Canteen
facilities at office premises and catering services provided for all
occasions
- Construction and Decoration:
- Civil Construction Work: For
building new structure, renovation and maintenance, stairways, etc.
- Interior/Exterior Decoration: Including
interior designing, wall paneling, designing and fabricating exhibition
pavilions, etc.
- Gardening and Landscaping: Indoor and
outdoor gardening work, exteriors, facades and landscaping of durable
assets, maintenance of lawns, frescoes, office flooring, etc.
- Uttsa Woodcrafts: We offer an
extensive range of furniture for office and domestic purposes including
glass, wrought iron, aluminium, etc.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.01 |
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UK Pound |
1 |
Rs.84.16 |
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Euro |
1 |
Rs.65.20 |
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 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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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 |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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41 |
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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