MIRA
INFORM REPORT
|
Report Date : |
16.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
OM BOOK SERVICE |
|
|
|
|
Registered Office : |
4379/4-B, Ansari Road, Daryaganj, New Delhi – 110 002 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2008 |
|
|
|
|
Year of Establishment : |
1960 |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business : |
Importers and Traders of Books. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 76000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is well established concern having satisfactory track. Proprietor of the concern is reported as experienced, respectable and having satisfactory means of his own. His trade relations are fair. Payments are usually correct and as per commitments. The concern can be considered normal for business dealings at usual trade terms and conditions. |
INFORMATION PARTED
BY
|
Name : |
Mr. Om Prakash Mago |
|
Designation : |
Proprietor |
|
Date : |
13.09.2008 |
LOCATIONS
|
Registered Office : |
4379/4-B, Ansari Road, Daryaganj, New Delhi – 110 002, India. |
|
Tel. No.: |
91-11- 23265303 |
|
Fax No.: |
91-11-23278091 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2200 sq. ft |
|
Location : |
Owned |
|
|
|
|
Warehouse/
Godown : |
Shop No.43, Ground Floor, Great India Place Mall, Noida – 201 301, Uttar Pradesh, India. |
SOLE PROPRIETOR
|
Name : |
Mr. Om Prakash
Mago |
|
Designation : |
Proprietor |
|
Address : |
E-33, Naraina
Vihar, New Delhi – 110 028, India. |
|
Date of Birth/Age : |
65 Years |
|
Qualification : |
Under Graduate |
BUSINESS DETAILS
|
Line of Business : |
Importers and Traders of Books. |
|
|
|
|
Agencies Held : |
v Random House, U.S.A. v Thames and Hudson, U.K. v David and Charles, U.K. v Wordsworth Editions, U.K. v Time Warner, U.S.A. v Harpet Collins, U.S.A. v Rotovlsion, U.S.A. v Rockport, U.S.A. v Playmore, U.S.A. |
|
|
|
|
Exports : |
|
|
Countries : |
Sri Lanka, Pakistan, Maldives and Nepal |
|
|
|
|
Imports : |
|
|
Countries : |
U.K., U.S.A., Spain, Singapore, Australia and Germany |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash or Credit (30/60/90 days) |
|
|
|
|
Purchasing : |
Cash or Credit 180/120 days |
GENERAL
INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users v Landmark, Chennai, Tamilnadu v Crossword, Mumbai |
|
|
|
|
No. of Employees : |
70 (In office – 20, In godown + In branches – 50) |
|
|
|
|
Bankers : |
v Bank of Baroda, Paharganj Branch, New Delhi v ABN Amro Bank, K. G. Road Branch, New Delhi v Allahabad Bank, Ansari Road Branch, Daryaganj, New Delhi – 110 002 v American Express Banking Corporation, Connaught Place, New Delhi v Citibank N.A., New Delhi v ICICI Bank, New Delhi |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Bhatia Bhel and Associates Chartered Accountants |
|
Address : |
New Delhi |
|
|
|
|
Sister Concern : |
Address: 45, Basant Lok, Vasant Vihar, New Delhi – 110 057 Tel. No. 91-11-26143530, 26156388 Line of Business: Retailer of Books
Address: E-77, South Extension Part I, New Delhi – 110 049 Tel. No. 91-11-24653792, 24653793 Line of Business: Retailer of Books · Om Book Shop Address: PVR Complex, 3 Community Centre, New Delhi – 110017 Line of Business : Retailer of Books · Om Book Shop Address: G 13-16 MGF, Mehopolifan Mall, DLF, Gorgaon. Line of Business : Retailer of Books |
CAPITAL STRUCTURE
(As on 31.03.2005)
|
Capital Investment : |
|
|
Owned : |
Rs.15.197 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.15.197 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
|
31.03.2008 |
|
Sales Turnover |
|
|
190.000 |
|
|
|
|
|
Expected Sales (2007-08): Rs.+ 200.000 Millions
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
15.197 |
12.358 |
9.923 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
NETWORTH
|
15.197 |
12.358 |
9.923 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.827 |
2.000 |
0.127 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
2.000 |
|
TOTAL BORROWING
|
0.827 |
2.000 |
2.127 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
|
16.024 |
14.358 |
12.050 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block]
|
3.741 |
3.057 |
3.466 |
|
Capital work-in-progress
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
INVESTMENT
|
0.555 |
0.550 |
0.587 |
|
DEFERREX TAX ASSETS
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS &
ADVANCES
|
|
|
|
|
|
|
Closing Stock
|
10.547
|
10.860 |
12.176 |
|
|
Sundry Debtors
|
51.499
|
45.427 |
27.714 |
|
|
Cash & Bank Balances
|
4.556
|
3.382 |
2.839 |
|
|
Other Current Assets
|
0.445
|
0.034 |
0.000 |
|
|
Loans & Advances
|
0.614
|
1.090 |
0.783 |
Total Current Assets
|
67.661
|
60.793 |
43.512 |
|
Less :
CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
|
Other Current Liabilities
|
0.000
|
0.000 |
35.515 |
|
|
Sundry Creditors
|
54.884
|
45.447 |
|
|
|
Advance from Customers
|
0.665
|
4.389 |
|
|
|
Expenses Payable
|
0.384
|
0.206 |
|
|
|
Provisions
|
0.000
|
0.000 |
|
Total Current Liabilities
|
55.933
|
50.042 |
35.515 |
|
Net Current Assets
|
11.728
|
10.751 |
7.997 |
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
|
16.024 |
14.358 |
12.050 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
Sales Turnover [including other
income]
|
138.925 |
118.529 |
87.467 |
|
|
|
|
|
Profit/(Loss) Before Tax
|
6.112 |
4.314 |
9.704 |
Provision for Taxation
|
-- |
-- |
6.751 |
Profit/(Loss) After Tax
|
6.112 |
4.314 |
2.953 |
|
|
|
|
|
Total Expenditure
|
132.813 |
114.215 |
77.763 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
31.03.2003 |
PAT / Total Income
|
(%)
|
4.40
|
3.64 |
11.09 |
|
|
|
|
|
|
Net Profit Margin
(PBT/Sales) |
(%) |
4.40
|
3.64 |
3.38 |
|
|
|
|
|
|
Return on Total Assets
(PBT/Total Assets} |
(%) |
8.49
|
6.70 |
20.40 |
|
|
|
|
|
|
Return on Investment (ROI)
(PBT/Networth) |
|
0.40
|
0.35 |
0.98 |
|
|
|
|
|
|
Debt Equity Ratio
(Total Liability/Networth) |
|
3.73
|
4.21 |
3.79 |
|
|
|
|
|
|
Current Ratio
(Current Asset/Current Liability) |
|
1.21
|
1.21 |
1.23 |
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCES:
·
Asfree Book Shop, Maldives
·
ODEC Book Shop, Sri Lanka
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.45.94 |
|
UK Pound |
1 |
Rs.82.84 |
|
Euro |
1 |
Rs.65.95 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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 |
|