MIRA INFORM REPORT
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Report Date : |
14.04.2011 |
IDENTIFICATION DETAILS
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Name : |
COLLOQ MARKETING PRIVATE LIMITED |
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Registered
Office : |
5-4-435/9, 1st Floor, Nampally Station Road, Hyderabad,
Andhra Pradesh – 500001, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
03.02.1999 |
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Com. Reg. No.: |
01-031033 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDC02196F |
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PAN No.: [Permanent Account No.] |
AABCC1560D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Advertising Agency |
RATING & COMMENTS
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MIRA’s Rating : |
B (30) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 5000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, Trade relations are fair. Business
is active. Payments are reported to be slow but correct. The company can be considered for small to mediocre 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
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered Office : |
5-4-435/9, 1st Floor, Nampally Station Road, Hyderabad,
Andhra Pradesh – 500001, India |
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Tel. No.: |
91-40-66660736/24602105 |
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Fax No.: |
91-40-24730455 |
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E-Mail : |
DIRECTORS
As on 30.09.2010
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Name : |
Mr. Rajesh Madan |
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Designation : |
Director |
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Address : |
13-6-436/A/32/1, Laxmi Nagar, Gundimalkapur, |
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Date of Birth/Age : |
25.01.1969 |
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Date of Appointment : |
03.02.1999 |
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DIN No.: |
01062113 |
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Name : |
Mr. Amit Madan |
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Designation : |
Director |
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Address : |
13-6-436/A/32/A (157), Laxmi Nagar, Gundimalkapur, |
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Date of Birth/Age : |
08.05.1976 |
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Date of Appointment : |
03.02.1999 |
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DIN No.: |
02425381 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
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Names of Shareholders |
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No. of Shares |
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Rajesh Madan |
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5000 |
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Amit Madan |
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5000 |
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Total |
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10000 |
As on 30.09.2010
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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 : |
Advertising Agency |
GENERAL INFORMATION
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Bankers : |
State Bank of Hyderabad,
Nampally Station Road Branch, Hyderabad – 500001, Andhra Pradesh, India |
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Facilities : |
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Auditors : |
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Name : |
Srinivas and Poorna Chartered Accountant |
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Address : |
6-3-841/A, 1st Floor, |
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PAN NO:. |
ACWPG4878L |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
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As on 30.09.2010
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 |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.900 |
0.900 |
0.900 |
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3] Reserves & Surplus |
0.493 |
0.193 |
0.150 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
1.493 |
1.193 |
1.150 |
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LOAN FUNDS |
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1] Secured Loans |
1.244 |
0.276 |
1.416 |
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2] Unsecured Loans |
0.022 |
0.022 |
0.022 |
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TOTAL BORROWING |
1.266 |
0.298 |
1.438 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
2.759 |
1.491 |
2.588 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.201 |
0.277 |
0.314 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
1.221
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0.814 |
2.045 |
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Sundry Debtors |
1.451
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1.413 |
1.303 |
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Cash & Bank Balances |
1.011
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0.113 |
0.303 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Advances and Deposits |
2.321
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0.946 |
0.971 |
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Total
Current Assets |
6.004
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3.286 |
4.622 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
2.995
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1.635 |
1.546 |
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Other Current Liabilities |
0.243
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0.377 |
0.703 |
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Provisions |
0.208
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0.060 |
0.099 |
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Total
Current Liabilities |
3.446
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2.072 |
2.348 |
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Net Current Assets |
2.558
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1.214 |
2.274 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
2.759 |
1.491 |
2.588 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
36.169 |
7.066 |
9.417 |
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Other Income |
0.324 |
0.176 |
0.111 |
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TOTAL (A) |
36.493 |
7.242 |
9.528 |
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Less |
EXPENSES |
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Cost of Goods Sold |
30.654 |
5.162 |
7.085 |
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Administrative & Selling
Expenses |
5.202 |
1.779 |
2.004 |
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Advertising Expenses |
0.000 |
0.000 |
0.000 |
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TOTAL (B) |
35.856 |
6.941 |
9.089 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.637 |
0.301 |
0.439 |
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Less |
FINANCIAL
EXPENSES (D) |
0.154 |
0.131 |
0.204 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.483 |
0.170 |
0.235 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.076 |
0.094 |
0.120 |
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PROFIT BEFORE
TAX (E-F) (G) |
0.407 |
0.076 |
0.115 |
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Less |
TAX (I) |
0.106 |
0.033 |
0.043 |
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PROFIT AFTER TAX
(G-I) (J) |
0.301 |
0.043 |
0.072 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.193 |
0.150 |
0.078 |
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Less |
APPROPRIATIONS |
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Transfer to General Reserve |
0.000 |
0.000 |
0.000 |
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Dividend |
0.000 |
0.000 |
0.000 |
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Tax on Dividend |
0.000 |
0.000 |
0.000 |
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BALANCE CARRIED
TO THE B/S |
0.494 |
0.193 |
0.150 |
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C/F Value of
Imports |
21.266 |
1.395 |
-- |
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Earnings Per
Share (Rs.) |
30.10 |
-- |
-- |
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KEY RATIOS
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PARTICULARS |
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31.03.2010 |
31.03.2009 |
31.03.2008 |
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PAT / Total Income |
(%) |
0.82
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0.59 |
0.75 |
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Net Profit Margin (PBT/Sales) |
(%) |
1.12
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1.07 |
1.22 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
6.56
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2.13 |
2.33 |
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Return on Investment (ROI) (PBT/Networth) |
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0.27
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0.06 |
0.10 |
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Debt Equity Ratio (Total Liability/Networth) |
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3.16
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1.99 |
3.29 |
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Current Ratio (Current Asset/Current Liability) |
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1.74
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1.58 |
1.97 |
LOCAL AGENCY FURTHER INFORMATION
Review of
Operation:
During the year under audit the company has achieved a turnover of Rs.
36.169 Millions and a net profit after tax of Rs. 0.300 Millions and the directors
are hopeful of getting good business during the current year.
Form 8
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This form is for |
Modification of
charge |
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Charge
identification number of the modified |
90128500 |
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Corporate
identity number of the company |
U52520AP1999PTC031033 |
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Name of the
company |
COLLOQ MARKETING
PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
5-4-435/9, First
Floor, Nampally |
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Type of charge |
Book Debts Movable Property Immovable
Property Others |
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Particular of
charge holder |
State Bank of
Hyderabad, Nampally Station Road Branch, Hyderabad – 500001, Andhra Pradesh,
India |
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Nature of
description of the instrument creating or modifying the charge |
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Date of
instrument Creating the charge |
31.01.2008 |
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Amount secured by
the charge |
Rs. 3.350
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
: Interest Rate –
14.75 % Terms of
Repayment : NA Margin : 25 % on Stocks 50 % on Book
Debts up to 90 days 25 % Cash Margin
on BG and LC Extent and
Operation of the charge : The charge
operates as a security for the facilities provided. |
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Short particulars
of the property charged |
PRIMARY: 1st
charge on the Current Assets, Fixed Assets, All Goods, Book Debts and all
Other Movable Assets and Machinery of the company COLLATERAL:
Extension of Equitable Mortgage of House Property bearing house no. 157,
Laxminagar, Gudimalkapur standing in the name of Smt. Rama Madan, Smt. Savita
Madan valued at Rs. 20.629 Millions. |
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Date of latest
modification prior to the present modification |
10.10.2006 |
Fixed Assets:
- Demonstration
Kit
- Furniture and
Fittings
- Car – Ford
Icon
- Yamaha
- Fax Machine
- Mobiles
- Laser Printer
- Dell – Lap
Top
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.48 |
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1 |
Rs.72.36 |
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Euro |
1 |
Rs.64.42 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
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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30 |
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 |
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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 |
|
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.