MIRA
INFORM REPORT
|
Report Date : |
27.04.2011 |
Note : The Correct name of the company is SUPERAGE ADVERTISING PRIVATE LIMITED.
IDENTIFICATION DETAILS
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Name : |
SUPERAGE ADVERTISING PRIVATE LIMITED |
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Registered
Office : |
401 Jyoti Estate, 4th Floor, Bank of Maharashtra Lane,
Opposite Niyanand Lane, Sahar Road, Andheri (East), Mumbai – 400093,
Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
19.07.1991 |
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Com. Reg. No.: |
062569 |
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CIN No.: [Company Identification
No.] |
U99999MH1991PTC062569 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS28238A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The subject is act as a advertising agency. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (49) |
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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 94000 |
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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 a well established company having steady business. Trade
relations are reported as fair. Business is active. Payments are reported to
be 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) |
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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
|
Name : |
Mr. Jignesh M. Shah |
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Designation : |
Director |
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Contact No.: |
91-9821095461 |
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Date : |
26.04.2011 |
LOCATIONS
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Registered Office : |
401 Jyoti Estate, 4th Floor, Bank of Maharashtra Lane,
Opposite Niyanand Lane, Sahar Road, Andheri (East), Mumbai – 400093,
Maharashtra, India |
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Tel. No.: |
91-22-26842317 |
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Mobile No.: |
91-9821095461 (Mr. Jignesh M. Shah) |
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E-Mail : |
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Website : |
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Area : |
1500 sq.ft. (Approximately) |
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Location : |
Owned |
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DIRECTORS
AS ON 30.09.2010
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Name : |
Mr. Jignesh M Shah |
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Designation : |
Director |
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Address : |
701, Saral – B Apartment, Marve Road, Malad (West), Mumbai – 400064,
Maharashtra, India |
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Qualification : |
Graduate |
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Date of Birth/Age : |
04.01.1965 |
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Date of Appointment : |
19.07.1991 |
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Name : |
Mr. Dhairao M. Shah |
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Designation : |
Director |
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Address : |
701, Saral – B Apartment, Marve Road, Malad (West), Mumbai – 400064,
Maharashtra, India |
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Qualification : |
Graduate |
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Date of Birth/Age : |
06.09.1973 |
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Date of Appointment : |
19.07.1997 |
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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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Mahendra C. Shah |
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4100 |
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Jignesh M. Shah |
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3400 |
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Dhairao M. Shah |
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3500 |
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Kokila M. Shah |
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3000 |
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Deepti J. Shah |
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3000 |
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Mayuri D. Shah |
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3000 |
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Total |
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20000 |
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 : |
The subject is act as a advertising agency. |
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Terms : |
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Selling : |
Cash, Credit (30 days, 60 days,
90 days) |
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Purchasing : |
Cash, Credit (30 days, 60 days,
90 days) |
GENERAL INFORMATION
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Customers : |
·
End Users ·
OEM’s |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri Baroda –
390015, India |
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Facilities : |
Cash Credit : Rs. 5.000 millions
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Rishi Sekhri and Associates Chartered Accountant |
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Address : |
3rd Floor, Sahakari Bazar, Opposite Raiway Station, Bandra
(West), Mumbai – 400050, Maharashtra, India |
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CAPITAL STRUCTURE
AS ON 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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20000 |
Equity Shares |
Rs.10/- each |
Rs. 0.200
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
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 |
0.200 |
0.200 |
0.200 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
23.362 |
17.135 |
10.673 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
23.562 |
17.335 |
10.873 |
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LOAN FUNDS |
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1] Secured Loans |
2.032 |
0.000 |
1.413 |
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2] Unsecured Loans |
0.000 |
0.000 |
3.159 |
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TOTAL BORROWING |
2.032 |
0.000 |
4.572 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
25.594 |
17.335 |
15.445 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.163 |
0.876 |
0.904 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
9.493 |
8.981 |
7.605 |
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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
|
0.000 |
0.000 |
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Sundry Debtors |
39.441
|
39.661 |
38.354 |
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Cash & Bank Balances |
1.945
|
2.896 |
2.559 |
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Other Current Assets |
0.000
|
0.000 |
1.597 |
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Loans & Advances |
7.039
|
6.901 |
5.221 |
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Total
Current Assets |
48.425
|
49.458 |
47.731 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
30.499 |
38.081 |
37.140 |
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Other Current Liabilities |
0.205
|
0.371 |
0.000 |
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Provisions |
2.783
|
3.528 |
3.655 |
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Total
Current Liabilities |
33.487
|
41.980 |
40.795 |
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Net Current Assets |
14.938
|
7.478 |
6.936 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
25.594 |
17.335 |
15.445 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2010 |
31.03.2010 |
31.03.2009 |
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INCOME |
23.654 |
22.818 |
19.323 |
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Less |
EXPENSES |
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Administrative Expenses |
14.368 |
12.561 |
9.300 |
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Advertising Expenses |
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Interest |
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TOTAL (B) |
14.368 |
12.561 |
9.300 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.286 |
10.257 |
10.023 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.265 |
0.264 |
0.406 |
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PROFIT BEFORE
TAX (E-F) (G) |
9.021 |
9.992 |
9.617 |
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Less |
TAX (I) |
2.784 |
0.265 |
2.780 |
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PROFIT AFTER TAX
(G-I) (J) |
6.237 |
6.463 |
6.837 |
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Earnings Per
Share (Rs.) |
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Particulars |
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|
31.03.2011 |
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Sales Turnover (Approximately) |
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|
24.000 |
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Expected Sales (2011-2012) : Rs. 25.000 millions
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
26.36
|
28.32 |
35.38 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
18.19
|
19.85 |
19.77 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.38
|
0.57 |
0.88 |
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Debt Equity Ratio (Total Liability/Networth) |
|
1.50
|
2.42 |
4.17 |
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Current Ratio (Current Asset/Current Liability) |
|
1.44
|
1.17 |
1.17 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS :
(Rs.
In Millions )
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
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Sundry Creditors Agencies |
30.399 |
38.022 |
36.649 |
|
Sundry Creditors Expenses |
0.100 |
0.059 |
0.490 |
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Total |
30.499 |
38.081 |
37.139 |
BUSINESS
OPERATIONS :
The company has shown a marked improvement in its performance in terms
of turnover (Rs. 23.700 millions) in the current year as against the previous
year (Rs. 22.800 millions)
FORM : 8
|
Corporate identity number of the company |
U99999MH1991PTC062569 |
|
Name of the company |
SUPERAGE ADVERTISING PVT LTD |
|
Address of the registered office or of the
principal place of business in |
Jyoti estate, Bank of Maharashtra Lane, Opp
Niyanand Lane, Mumbai- 400093. Mumbai -400093. Maharashtra India |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property Any interest in immovable property |
|
Particular of charge holder |
ICICI Bank Limited, Landmarkrace Cource
Circle, Alkapuri Baroda – 390015, Gujarat, India |
|
Nature of instrument creating charge |
Memorandum of entry 1st Time
Mortgage by deposit of title deeds for Rs. 5.000 millions sanction letter. |
|
Date of instrument Creating the charge |
19/11/2010 |
|
Amount secured by the charge |
Rs. 5.000 millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate
of interest Base Rate = 7.75% +3.5% =11.25% Terms
of repayment 180 Equated Monthly Installments Emi Of
RS.0.057 millions. Margin 3.5% Extent
and operation of the charge The Charge Will Operate On The Security Of
Office No 807 and 808, 8th Floor, Topiwala Centre, Goregaon West, Mumbai
-.400062. Other
Nil |
|
Short particulars of the property charged
(Including location of the property) |
First charge on Office no. 807,808, 8th
Floor, Topiwala Centre, Goregaon west, Mumbai 400062. |
FIXED ASSETS :
·
Pager
·
Mobile
·
Typewriter
·
Office Equipments
·
Air Conditioner
·
Refrigerator
·
Fax Machines
·
Canon Fax Machines
·
Camera Sony
·
Furniture and Fixtures
·
Computer
TRADE REFERENCES :
·
Boss Electricals Private
Limited
·
Jyoti Plastic Works
Private Limited
·
Kilpco Private Limited
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 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. 44.59 |
|
|
1 |
Rs. 73.43 |
|
Euro |
1 |
Rs. 64.81 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
|
49 |
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.