MIRA
INFORM REPORT
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Report Date : |
01.04.2011 |
IDENTIFICATION DETAILS
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Name : |
NATURE ESSENCE PRIVATE LIMITED |
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Registered Office : |
2505, D-2, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
16.09.1998 |
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Com. Reg. No.: |
55-96279 |
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CIN No.: [Company
Identification No.] |
U24233DL1998PTC096279 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer, Exporter and Importer of Beauty Products |
RATING & COMMENTS
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MIRA’s Rating : |
A (62) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 362000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established an The company can be considered good for normal 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 |
INFORMATION PARTED BY
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Name : |
Mr. Saurabh Nanda |
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Designation : |
Executive Director |
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Contact No.: |
91-9811324074 |
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Date : |
22.03.2011 |
LOCATIONS
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Registered Office : |
2505, D-2, |
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Tel. No.: |
91-11-26687938/26132106/26892046/26673045 |
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Mobile No.: |
91-9811324075 (Mr. Saurabh Nanda) |
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Fax No.: |
91-11-26687938/26891818 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory 1 : |
80/11-B, Malviya Nagar, |
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Tel. No.: |
91-11-26673045/26673067 |
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Location : |
Owned |
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Factory 2 : |
P-25, Sector – 6, IIB, |
DIRECTORS
As on 25.09.2010
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Name : |
Mr. Raj Kumar Nanda |
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Designation : |
Director |
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Address : |
2505, D-2, Vasant Kunj, |
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Date of Birth/Age : |
11.12.1950 |
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Qualification : |
Graduate |
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Date of Appointment : |
16.09.1998 |
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Name : |
Mrs. Neelam Nanda |
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Designation : |
Director |
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Address : |
2505, D-2, Vasant Kunj, |
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Date of Birth/Age : |
05.06.1955 |
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Date of Appointment : |
01.12.2001 |
KEY EXECUTIVES
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Name : |
Mr. Saurabh Nanda |
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Designation : |
Key Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2010
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Names of Shareholders |
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No. of Shares |
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Mr. Raj Kumar Nanda |
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68510 |
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Mrs. Neelam Nanda |
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115410 |
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Total |
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183920 |
Equity share break up
as on 25.09.2010
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Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Beauty Products |
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Products : |
v
Cleansers v
Toners v
Scrubs v
Moisturizers v
Massage Cream v
Face Powder v
Skin Bleach v
Hair Bleach v
Hair Dryer v
Peel Offs v
Soaps v
Hand Cream v
Foot Care |
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Exports : |
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Products : |
Beauty Products |
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Countries : |
Worldwide (Depends upon order) |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
v
v
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Terms : |
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Selling : |
Depends on Party |
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Purchasing : |
Depends on Party |
GENERAL INFORMATION
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Suppliers : |
v
Adwyn Chemicals Private Limited v
Anshul Agencies – Mumbai v
Artek Enterprises Private Limited v
AVL Enterprises v
Danyal Engineering Co. v
Galaxy Surfactants Limited v
Lancer Elevators Private Limited v
M R Structures – GZB v
Naresh Industries – v
New Sandeep Industry, UTL v
Northern Fuel Stations v
Packing and Coding Solutions v
Shenovac Enterprises, ND v
S H Kelkar and Company Private Limited v
Ultra International Limited v
Zak Trade Fair and Exhibition Private Limited v
Aakriti Printers and Packers v
Abhi Enterprises – v
AFL Private Limited v
A G Poly Packs Private Limited v
Anand Associates – ND v
Anuraj Fragerancies Private Limited v
Ashok Bag Factory v
Ashok Nanda and Company v
Bagga Art Printers v
Balaji Packaging v
Bedi Plastics v
v
Calcutta Television Network Private Limited |
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Customers : |
v
Retailers v
Wholesalers v
End Users Major Customers v
Aarthi Marketing v
A-Plus v
Aroma Cure v
Arvind Enterprises v
v
Bartercard Private Limited v
Beauty Care, MUB v
Benedict Enterprises v
Chamber of Commerce of Re of v
Chopra Agencies – Jal v
Chabra Traders – Luk v
CPML Contractor Limited v
D and R Systems v
Durga Prasad SOM Dutt v
Elegance Trading v
Esvee Pharmachem Private Limited v
Expodeorgia Co. v
First August v
Forie Dipavali v
Gaurav Export v
Gaurav Marketing ( v
Gaytri Herbo Care v
Gupta Agencies, Chandigar v
Gupta Agencies, Parwanoo v
Gyan Agencies v
Harizone Beauty Centre v
Harlove Traders v
Harshit Ent, Cha v
Hi FY Collection v
v
Interactive Traders India Private Limited v
Interspan v
Isha Herbal Agencies v
Ishwari Beauty Collection v
Keshav Sales v
Krishan Enterprises – Jam v
v
Krishna Enterprises – v
Kum Kum Cosmetics v
Lokenath Trading Corporation v
Loknatha Agartala 1 v
Lunkad’s Creation, Pune v
Maa Mansha v
Maa Mahamaya Trading v
Malaisia Exhi v
Mahavir Herbal Care v
Manorma Traders |
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No. of Employees : |
1200 (Approximately) |
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Bankers : |
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Oriental Bank of Commerce Institutional Area, Hauz Khas, |
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Facilities : |
Credit Limit : Rs. 7.500 millions Secured Loan (Rs.
in millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Raina Pandey and Company Chartered Accountant |
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Address : |
C – 154, Lower Ground Floor, East of Kailash, Near C-Block Market, |
CAPITAL STRUCTURE
As on 25.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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2500000 |
Equity Shares |
Rs. 10/- each |
Rs. 25.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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183920 |
Equity Shares |
Rs. 10/- each |
Rs. 1.839
millions |
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 |
1.839 |
1.839 |
1.839 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
88.652 |
59.909 |
36.025 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
90.491 |
61.748 |
37.864 |
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LOAN FUNDS |
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1] Secured Loans |
22.402 |
15.503 |
9.349 |
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2] Unsecured Loans |
2.350 |
0.400 |
0.100 |
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TOTAL BORROWING |
24.752 |
15.903 |
9.449 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
115.243 |
77.651 |
47.313 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
48.176 |
38.149 |
30.376 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
10.095 |
5.189 |
0.028 |
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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 |
0.000
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0.000
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0.000 |
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Sundry Debtors |
0.000
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0.000
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0.000 |
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Cash & Bank Balances |
0.000
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0.000
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0.000 |
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Other Current Assets |
91.100
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60.123
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39.996 |
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Loans & Advances |
12.331
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6.099
|
3.534 |
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Total
Current Assets |
103.431
|
66.222
|
43.530 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
46.300
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31.037
|
25.719 |
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Provisions |
0.326
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0.872
|
0.902 |
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Total
Current Liabilities |
46.626
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31.909
|
26.621 |
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Net Current Assets |
56.805
|
34.313
|
16.909 |
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MISCELLANEOUS EXPENSES |
0.167 |
0.000 |
0.000 |
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TOTAL |
115.243 |
77.651 |
47.313 |
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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 |
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Other Income |
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TOTAL (A) |
339.990 |
222.172 |
130.000 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL (B) |
299.563 |
191.850 |
104.682 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
40.427 |
30.322 |
25.318 |
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Less |
FINANCIAL
EXPENSES (D) |
1.767 |
1.533 |
1.368 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
38.660 |
28.789 |
23.950 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.743 |
4.577 |
2.420 |
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PROFIT BEFORE
TAX (E-F) (G) |
32.917 |
24.212 |
21.530 |
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Less |
TAX (I) |
9.033 |
0.872 |
0.656 |
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PROFIT AFTER TAX
(G-I) (J) |
23.884 |
23.340 |
20.874 |
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Earnings Per Share
(Rs.) |
129.86 |
126.90 |
113.49 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Net Profit Margin (PBT/Sales) |
(%) |
7.02
|
10.90
|
16.56 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
21.71
|
22.10
|
29.12 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.39
|
0.57 |
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Debt Equity Ratio (Total Liability/Networth) |
|
0.79
|
0.52
|
0.70 |
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Current Ratio (Current Asset/Current Liability) |
|
2.22
|
2.07
|
1.63 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8
|
Corporate
identity number of the company |
U24233DL1998PTC096279 |
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Name of the
company |
NATURE ESSENCE
PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
2505, D-2, Vasant
Kunj, |
|
This form is for |
Modification of
Charge |
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Type of charge |
v Immovable property v Book debts v Others |
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Particular of
charge holder |
v
Oriental Bank of Commerce Institutional Area, Hauz Khas, E-mail: bm0562@obc.co.in |
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Nature of
instrument creating charge |
Supplemental Agreement
to secure credit/loan facilities ( Loan Doc 13) |
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Date of
instrument Creating the charge |
28.01.2010 |
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Amount secured by
the charge |
Rs. 15.000
millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 0.50% below PLR (
Present PLR of the bank is 12%) with
monthly rest. subject to changes in PLR/spread announced by bank and subject
to changes by RBI Penal interest @2%
p.a. in case of default Margin 25% Extent and
Operation of the charge 100% |
|
Particulars of
the property charged |
i)
Hypothecation
of Stocks of raw material, SIP, Finished Goods and all other goods of trade
an ii)
Hypothecation
of entire present and future fixed assets of the company having WDV of Rs
38.149 millions as on 31.03.2009 iii)
Equitable
Mortgage of Plot No 25 Sector 6B, IIE, Ranipur, Sidcul Haridwar having R V of
Rs 20.200 millions. |
|
Date of
instrument modifying the charge |
05.08.2008 |
|
Particulars of
the present modification |
The cash credit
limit is enhanced from Rs 7.500 millions to Rs 15.000 millions. |
TRADE REFERENCES
v D and R Systems –
v Parl Madan - Newzealand
FIXED ASSETS
v AC
v Car
v Furniture and Fixture
v Land
v Lab Equipments
v Building
v Flat
v Shop
v Plant and Machinery
v Plastic Crate
v Dies
v Refrigerator
v Generator
v Water Purifier
v Computer
v Software Expenses
v Office Equipment
v Scooter
v Telephone
v Xerox Machine
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. 44.65 |
|
|
1 |
Rs. 71.92 |
|
Euro |
1 |
Rs. 63.24 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
62 |
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.