MIRA
INFORM REPORT
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Report Date : |
22.10.2008 |
IDENTIFICATION DETAILS
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Name : |
BON MOYAR COMPUTERS PRIVATE LIMITED |
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Registered Office : |
52, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
13.05.2004 |
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Com. Reg. No.: |
11-146290 |
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CIN No.: [Company
Identification No.] |
U52392MH2004PTC146290 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMB13667D |
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PAN No.: [Permanent
Account No.] |
PANAPPLIED |
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Legal Form : |
Private Limited Liability Comapny |
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Line of Business : |
Dealer for Computer and Computer parts for HP, Samsung 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 22000 |
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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 an established company having satisfactory track. Trade
relations are fair. Business is active. Payments are reported as usually made
as per commitments. The company can be considered good for normal business dealings. |
INFORMATION PARTED BY
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Name : |
Mr. Narshi Chambaria |
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Designation : |
Director |
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Date : |
20.10.2008 |
LOCATIONS
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Registered Office/ Head Office : |
52, |
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Tel. No.: |
91-22-642931/ 31/ 22644556/ 66366058/ 66366084 |
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Fax No.: |
91-22-657614/ 2270672 |
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E-Mail : |
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Website : |
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Corporate Office : |
Delux House, 182, |
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Tel. No.: |
91-22-22644556/ 22700672 |
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Branch Office : |
Plot No. 73, Shop No. 27, Ground Floor, Welfare Chamber, Sector 17,
Vashi, Navi Mumbai-, |
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Tel. No.: |
91-22-65118848/ 65118851 |
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E-Mail : |
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Branch Office : |
G-2, |
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Tel. No.: |
91-22-66932826/ 66932827/ 66916736 |
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Fax No.: |
91-22-66932826 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Nathalal Ranchhod Chambaria |
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Designation : |
Director |
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Address : |
Plot No. 33, Rsc 17, Diusha CHS, |
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Date of Birth/Age : |
07.08.1972 |
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Date of Appointment : |
13.05.2004 |
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Name : |
Mr. Naresh Ranchhod Chambaria |
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Designation : |
Director |
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Address : |
Plot No. 33, Rsc 17, Diusha CHS, |
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Date of Birth/Age : |
06.08.1971 |
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Date of Appointment : |
13.05.2004 |
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Name : |
Mr. Bhimshi Hariulal Patel |
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Designation : |
Director |
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Address : |
Room No. C-8, |
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Date of Birth/Age : |
17.03.1957 |
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Date of Appointment : |
13.05.2004 |
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Name : |
Mr. Govind Dhanji Ravaria |
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Designation : |
Director |
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Address : |
B 6, RAmeshwar CHS, S V Patel Nagar, 4- Bunglow, Andheri (West),
Mumbai-400053, |
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Date of Birth/Age : |
17.01.1981 |
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Date of Appointment : |
13.05.2004 |
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Name : |
Mrs. Maghiben Naresh Chambaria |
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Designation : |
Director |
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Address : |
Dish C.H.S, Plot No. 33, Room No. 22, Versova, Andheri (West),
Mumbai-400053, |
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Date of Birth/Age : |
06.10.1973 |
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Date of Appointment : |
13.05.2004 |
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Name : |
Mrs. Lilavanti Chambaria |
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Designation : |
Director |
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Address : |
B-401, 4th Floor, Versova Shree Darhan Road P2 F-Bunglow, S
V P Nagar, Mhada Andheri- west, Mumbai-400053, Maharashtra, India |
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Date of Birth/Age : |
07.09.1974 |
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Date of Appointment : |
13.05.2004 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Nthalal Chambaria |
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120000 |
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Narshi Ranchhod Chambaria |
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80000 |
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Bhimshi Harilal Patel |
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50000 |
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Maghiben Narshi Chambaria |
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50000 |
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Lilavanti Chambaria |
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60000 |
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Govind Dhanji Ravaria |
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40000 |
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Total |
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400000 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2006
|
Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Dealer for Computer and Computer parts for HP, Samsung etc. |
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Products: |
·
HP ·
Samsung ·
Canon ·
Storage Media ·
Lexmark ·
Xerox ·
Epson |
GENERAL INFORMATION
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No. of Employees : |
5 |
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Bankers : |
·
The Cosmos Co-operative Bank Limited, Fort
Branch, Fort, Mumbai-400001, Maharashtra, India ·
Bank of Baroda, Altamount Road Branch, Crystal Al
Tomout Road, Kemps Corner, Mumbai-400026, Maharashtra, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Paresh Mehta and Company Chartered Accountant |
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Address : |
9/7, Sonawala Building, N. Bharucha Marg, Tardeo, Mumbai-400077, Maharashtra,
India |
CAPITAL STRUCTURE
As on 17.09.2006
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
400000 |
Equity Shares |
Rs. 10/- each |
Rs. 4.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
400000 |
Equity Shares |
Rs. 10/- each |
Rs. 4.000 Millions |
||
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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4.000 |
2.000 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.422 |
0.078 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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4.422 |
2.078 |
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LOAN FUNDS |
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1] Secured Loans |
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9.578 |
10.598 |
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2] Unsecured Loans |
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4.846 |
3.606 |
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TOTAL BORROWING |
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14.424 |
14.204 |
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DEFERRED TAX LIABILITIES |
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0.005 |
0.000 |
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TOTAL |
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18.851 |
16.282 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.148 |
0.056 |
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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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0.366 |
0.099 |
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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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16.993 |
8.583 |
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Sundry Debtors |
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31.012 |
18.833 |
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Cash & Bank Balances |
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4.116 |
0.994 |
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Other Current Assets |
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1.128 |
0.122 |
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Loans & Advances |
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0.000 |
0.000 |
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Total
Current Assets |
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53.249 |
28.532 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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34.744 |
12.305 |
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Provisions |
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0.229 |
0.181 |
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Total
Current Liabilities |
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34.973 |
12.486 |
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Net Current Assets |
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18.276 |
16.046 |
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MISCELLANEOUS EXPENSES |
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0.061 |
0.081 |
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TOTAL |
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18.851 |
16.282 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
31.03.2006 |
31.03.2005 |
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Sales Turnover |
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290.472 |
164.554 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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290.472 |
164.554 |
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Profit/(Loss) Before Tax |
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0.520 |
0.124 |
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Provision for Taxation |
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0.175 |
0.000 |
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Profit/(Loss) After Tax |
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0.345 |
0.124 |
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Total Expenditure |
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289.952 |
164.430 |
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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0.12 |
0.08 |
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Net Profit Margin (PBT/Sales) |
(%) |
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0.18 |
0.07 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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0.98 |
0.29 |
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Return on Investment (ROI) (PBT/Networth) |
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0.12 |
0.06 |
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Debt Equity Ratio (Total Liability/Networth) |
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11.17 |
12.84 |
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Current Ratio (Current Asset/Current Liability) |
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1.52 |
2.29 |
LOCAL AGENCY FURTHER INFORMATION
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
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Charge
identification number of the modified |
10067387 |
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Corporate
identity number of the company |
U52392MH2004PTC146290 |
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Name of the
company |
BON MOYAR COMPUTERS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
52, Bomanji Lane, Wipata House, Fort, Mumbai-400001, Maharashtra,
India |
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Type of charge |
Book Debts Movable Property Floating Charge |
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Particular of
charge holder |
The Cosmos Co-operative Bank Limited, Fort Branch, Fort,
Mumbai-400001, Maharashtra, India |
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Nature of
description of the instrument creating or modifying the charge |
Deed of Creation
of Further Charge for Additional Loans/ Facilities |
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Date of
instrument Creating the charge |
14.02.2008 |
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Amount secured by
the charge |
Rs/ 28.500
Milions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit :
12.50% p.a. or at such rate as may be determined by the bank form time to
time. Cheque Purchase:
18% p.a. or at such rate as may be determined by the bank from time to time. Terms of
Repayment Cash Credit On
demand review within 12 months Cheque Purchase:
On demand review within 12 months Margin Cash Credit : 25%
in Bank’s Favour Extent and
Operation of the charge Cash Credit R.s 27.500
Millions (Additional Rs. 5.000 Millions_ Cheques Purchase:
R.s 1.000 Millions (Existing) |
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Short particulars
of the property charged |
Hypothecation of
stock, book debts more particularly described in schedule IV attached
herewith |
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Particulars of
the present modification |
The cash credit
limit is enhanced from Rs. 22.500 Millions to Rs. 27.500 Millions (Additional
Rs. 5.000 Millions ) Overall limit or Rs. 28.500 Millions (Cash Credit Rs.
27.500 Millions, Cheque Purchase : R.s 1.000 Million) |
Fixed Assets:
·
Air Condition
·
Computer System
·
Cycle
·
Mobile
·
Motor Cycle
AS PER WEBSITE
Profile:
They have
pleasure introducing themselves as one of the leading distributrs for supply of
Hewlett Packard Samsung and Lexmark product. They have been regularly supplying
the above product to public and private Limited .Companies , Educational and
Government Institutions, Banks and Hotels etc.
They feel confident that given time, trusy and best
competetive rates, best qualitative services and prompt attention to the entire
saticfaction
They look forword to win a place amongst most the favored supplies by the
consistently superior quality of product supported by an unmatched service.
Awaiting for the responce.
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AWARDS |
YEAR |
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Outstanding Perfomance Award by Hewlett Packard held in
Dubai |
2003-04 |
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Best supplies partner Award by Lexmark held in Europe |
2003-04 |
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Ace Excellence Award by Hewlett Packard held in South
Africa |
2004-05 |
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Best Supplies partner Award (West) by Lexmark held in
Egypt |
2004-05 |
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Best Epson resller by Epson India held in Mumbai |
2004-05 |
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ACE Excellence Award by Hewlett Packard held in Fhuket |
2005-06 |
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Best Diamond Partner Award by Lexmark held in Spain |
2005-06 |
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Wipro Platinum Partner award by Wipro |
2005-06 |
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SONY Optical ultimate performance in Retail Data Media by
Sony Ind .Limited .held in Libra Cruise ,Mumbai. |
2005-06 |
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Samsung supplies Award by Samsung held in Mumbai |
2005-06 |
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DQ Week Award 2006 for Best Media reseller (West region)by
DQ Week (cyber media ) |
2005-06 |
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Best Diamond Supplies Award by Lexmark held in Paris. |
2006-07 |
SERVICES
They experienced and versatile. The professionals share a
common vision: to combine the knowledge and talent in order to create
innovative, successful Print solutions for the clients. With each web site
project, we offer innovative ways to take technology to the next level,
appropriate to the client's goals. The clients and the team share long-term
relationships with open direct communication and a collaborative spirit.
Bonmoyar business and creative vision is led by the Team. His ability to listen
and clearly understand the client's core messaging and business objectives is a
key strength used to lead teams to successful solutions
Azhar Sayyed: From printer service to supplies, Bonmoyar is the complete
printer solutions package, offering the care and quality that keep successful
businesses successful. Bonmoyar has distributors with most major manufacturers,
including Hewlett- Packard, XEROX, Canon, Lexmark, Samsung, Ep>son and many
more to provide the best available products and services.
The dedicated service staff maintains the highest level of manufacturer
certifications, enabling them to provide you with expert printer service and
support. They stock printer, copier, facsimile and media storage supplies for
most major brands.
Whether laser/toner printers, dot matrix/line printers Bonmoyar offers best
service in printer sales and printer repair.
·
General or break-down printer service
·
Printer Service Agreements
·
Scheduled preventative maintenance
·
Installations and upgrades
·
Time-and-material billing
·
Supply of spare parts, printer options
and consumables
·
Asset labelling and tracking serial
numbers
·
Refurbishment of older model printers
·
Co-ordination of manufacturer's
warranty (call logging, shipping and handling etc)
·
End-of-Warranty inspections
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.48.83 |
|
UK Pound |
1 |
Rs.85.12 |
|
Euro |
1 |
Rs.65.86 |
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 |
|