1. Summary Information
|
Country |
|
||
|
Company Name |
KOHINOOR TELEVIDEO PRIVATE LIMITED |
Principal Name 1 |
Mr. Ramchanra Phagunmal
Mewani |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Vishal Ramchand Mewani |
|
Registration # |
11-057184 |
||
|
Street Address |
182, Haji Habib Building, Opp. Fire Brigade, Dr. Ambedkar Road, Dadar
(East), Mumbai- 400014, Maharashtra |
||
|
Established Date |
10.07.1990 |
SIC Code |
-- |
|
Telephone# |
91-22-23821472 |
Business Style 1 |
Trader |
|
Fax # |
91-22-23827154 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Electronic |
|
|
# of employees |
-- |
Product Name 2 |
Electrical Goods |
|
Paid up capital |
Rs.2,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of Directors – 100% |
Banking |
Ing Vysya Bank ICICI Bank |
|
Public Limited Corp. |
No |
Business Period |
21 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (48) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
46,415,000 |
Current Liabilities |
61,853,000 |
|
Inventories |
125,877,000 |
Long-term Liabilities |
100,431,000 |
|
Fixed Assets |
140,115,000 |
Other Liabilities |
16,256,000 |
|
Deferred Assets |
0 |
Total Liabilities |
178,540,000 |
|
Invest& other Assets |
7,000 |
Retained Earnings |
131,374,000 |
|
|
|
Net Worth |
133,874,000 |
|
Total Assets |
312,414,000 |
Total Liab. & Equity |
312,414,000 |
|
Total Assets (Previous Year) |
253,879,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1,176,600,000 |
Net Profit |
32,468,000 |
|
Sales(Previous yr) |
992,200,000 |
Net Profit(Prev.yr) |
24,854,000 |
MIRA INFORM REPORT
|
Report Date : |
09.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
KOHINOOR TELEVIDEO PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
Ganesh Televideo Agencies Private Limited |
|
|
|
|
Registered
Office : |
182, Haji Habib Building, Opp. Fire Brigade, Dr. Ambedkar Road, Dadar
(East), Mumbai- 400014, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
10.07.1990 |
|
|
|
|
Com. Reg. No.: |
11-057184 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32200MH1990PTC057184 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG06501F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG1298B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Electronic and
Electrical Goods |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 535000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
Relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
182, Haji Habib Building, Opp. Fire Brigade, Dr. Ambedkar Road, Dadar
(East), Mumbai- 400014, Maharashtra, India |
|
Tel. No.: |
91-22-23821472 |
|
Fax No.: |
91-22-23827154 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
339, |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Vishal Ramchand Mewani |
|
Designation : |
Director |
|
Address : |
604, Indira Apartment, |
|
Date of Birth/Age : |
07.04.1974 |
|
Date of Appointment : |
30.09.1993 |
|
DIN : |
00214523 |
|
|
|
|
Name : |
Mr. Ramchand Phagunmal Mewani |
|
Designation : |
Managing Director |
|
Address : |
604, Indira Apartment, |
|
Date of Birth/Age : |
23.03.1946 |
|
Date of Appointment : |
10.07.1990 |
|
DIN : |
00214514 |
|
|
|
|
Name : |
Mrs. Bharati Ramchand Mewani |
|
Designation : |
Director |
|
Address : |
604, Indira Apartment, |
|
Date of Birth/Age : |
01.05.1947 |
|
Date of Appointment : |
10.07.1990 |
|
DIN : |
00214534 |
|
|
|
|
Name : |
Mr. Sanjay Ramchand Mewani |
|
Designation : |
Director |
|
Address : |
603, Indira Apartment, |
|
Date of Birth/Age : |
30.12.1980 |
|
Date of Appointment : |
02.04.1998 |
|
DIN : |
00214529 |
|
|
|
|
Name : |
Mrs. Priyanka Vishal Mewani |
|
Designation : |
Director |
|
Address : |
603, Indira Apartment, |
|
Date of Birth/Age : |
31.07.1975 |
|
Date of Appointment : |
02.04.1998 |
|
DIN : |
00214537 |
|
|
|
|
Name : |
Mrs. Varsha Sanjay Mewani |
|
Designation : |
Director |
|
Address : |
603, Indira Apartment, |
|
Date of Appointment : |
25.06.2003 |
|
DIN : |
00214540 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Ramchand Phagunmal Mewani |
|
3030 |
|
Bharati Ramchand Mewani |
|
10 |
|
Vishal Ramchand Mewani |
|
15250 |
|
Sanjay Ramchand Mewani |
|
6700 |
|
Priyanka Vishal Mewani |
|
10 |
|
Total |
|
25000 |
As on 30.09.2010
|
Category |
Percentage |
|
|
|
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Electronic and
Electrical Goods |
GENERAL INFORMATION
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mulraj D Gala Chartered Accountant |
|
Address : |
B-21, Shastri niketan, R.K. Chemburkar Marg, Behind Telephone
Exchange, Chembur naka, Mumbai – 400071, Maharashtra, India |
|
Tel. No.: |
91-22-25294941 |
|
E-Mail : |
|
|
PAN No.: |
AGYPG0691H |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000 |
Equity Shares |
Rs.100/-each |
Rs.2.500 million |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000 |
Equity Shares |
Rs.100/-each |
Rs.2.500 million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.500 |
2.500 |
2.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
131.374 |
99.216 |
74.801 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
133.874 |
101.716 |
77.301 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
92.426 |
82.889 |
130.125 |
|
|
2] Unsecured Loans |
8.005 |
6.404 |
8.927 |
|
|
TOTAL BORROWING |
100.431 |
89.293 |
139.052 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
234.305 |
191.009 |
216.353 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
140.115 |
98.104 |
101.341 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.007 |
0.007 |
0.007 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
125.877
|
104.818 |
129.503 |
|
|
Sundry Debtors |
17.956
|
13.873 |
17.335 |
|
|
Cash & Bank Balances |
11.223
|
5.175 |
3.295 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
17.236
|
31.902 |
32.818 |
|
Total
Current Assets |
172.292
|
155.768 |
182.951 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
49.168
|
29.273 |
34.647 |
|
|
Other Current Liabilities |
12.685
|
6.728 |
8.304 |
|
|
Provisions |
16.256
|
26.869 |
24.995 |
|
Total
Current Liabilities |
78.109
|
62.870 |
67.946 |
|
|
Net Current Assets |
94.183
|
92.898 |
115.005 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
234.305 |
191.009 |
216.353 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
|
|
SALES |
1176.600 |
992.200 |
901.100 |
|
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
Financial Expenses |
|
|
|
|
|
|
TOTAL |
1120.072 |
950.592 |
868.452 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
56.528 |
41.608 |
32.648 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.804 |
6.243 |
6.163 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
48.724 |
35.365 |
26.485 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
16.256 |
10.511 |
9.276 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
32.468 |
24.854 |
17.209 |
|
|
|
|
|
|
|
|
|
Add/Less |
Tax Adjustment
(Previous year) |
(0.310) |
(0.439) |
0.016 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
32.158 |
24.415 |
17.193 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1298.72 |
994.17 |
688 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.76
|
2.50 |
1.91 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.14
|
3.56 |
2.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.60
|
13.93 |
9.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.35 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.33
|
1.50 |
2.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.21
|
2.48 |
2.69 |
LOCAL AGENCY FURTHER INFORMATION
Note : Registered office address of the company has
been shifted from Shop No.44,
OPERATION :
The sales volume for the financial year ended 31.03.2010 was Rs.1176.600
millions as compared to Rs.992.200 millions of the previous year. Profit before
tax is Rs.48.700 millions.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U32200MH1990PTC057184 |
|
Name of the
company |
KOHINOOR TELEVIDEO
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
182, |
|
This form is for |
Modification
of Charge |
|
Charge
identification (ID) number of the charge to be modified |
10173793 |
|
Type of charge |
|
|
Particular of
charge holder |
Ing Vysya Bank Limited, 804/A, Ground Floor, Ghamat Lodge, Dr.
Ambedkar Road, TT Terminus, Dadar East, Mumbai – 400014, Maharashtra, India Email : shobharanin@ingvysyabank.com |
|
Nature of instrument
creating charge |
Supplemental
General Hypothecation Agreement |
|
Date of
instrument Creating the charge |
01.10.2010 |
|
Amount secured by
the charge |
Rs.100.000
millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest
- OD-SIT/BD - IVBR +4.25% p.a (Present IVBR is 7.25%) Terms of
Repayment - On demand Margin - 25% of
stock and book debts Extent and
Operation of the charge - First charge on entire stock of the compamy both
present and future. First charge on
entire book debts of the company both present and future. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Entire stock and
book debts of the company, both present and future |
|
Particulars of
the present modification |
The overall
facility has increased from Rs.70.000 millions to Rs.100.000 millions. The
security for the facility has extend to increased limit. All other terms
and conditions remain same. |
FIXED ASSETS :
- Goodwill
- Furniture and Fixture
- Car
- Motor Cycle
- Scooter
- Air Conditioner
- EPABX
- Video Camera System
- Inverter
- Mobile Phones
- Fax machines
- Attendance Machine
- Counting Machine
- Detector Machine
- Safe Locker
- Water Purifier
- Computers
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.44.04 |
|
|
1 |
Rs.72.19 |
|
Euro |
1 |
Rs.63.40 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
48 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.