BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
MERCANTILE MARKETING INDIA PRIVATE LIMITED |
Principal Name 1 |
MR. RAJIV SUNDARLAL JAIN |
|
Status |
SATISFACTORY |
Principal Name 2 |
MR. SANJIV SUNDARLAL JAIN |
|
|
|
Registration # |
02-007375 |
|
Street Address |
TRIPTI
COMMERCIAL COMPLEX, 1ST FLOOR, GANESHGURI CHARALI, |
||
|
Established Date |
26.03.2004 |
SIC Code |
-- |
|
Telephone# |
91-361-2464556 |
Business Style 1 |
MARKETING ACTIVITY |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
-- |
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
-- |
|
Paid up capital |
RS.9,447,000/- |
Product Name 3 |
-- |
|
Shareholders |
BODIES CORPORATE-17.78% DIRECTORS OR RELATIVES OF DIRECTORS-82.22% |
Banking |
UNION BANK OF |
|
Public Limited Corp. |
NO |
Business Period |
7 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
ASSOCIATES |
--
|
|
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
35,361,000
|
Current Liabilities |
1,957,000
|
|
Inventories |
18,538,000
|
Long-term Liabilities |
0,000 |
|
Fixed Assets |
2,212,000 |
Other Liabilities |
3,909,000
|
|
Deferred Assets |
0,000 |
Total Liabilities |
5,866,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
40,798,000 |
|
|
|
Net Worth |
50,245,000 |
|
Total Assets |
56,111,000 |
Total Liab. & Equity |
56,111,000 |
|
Total Assets (Previous Year) |
68,951,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Total Income |
1,411,890,000 |
Net Profit |
4,441,000 |
|
Total Income (Previous
yr) |
2,543,751,000 |
Net Profit(Prev.yr) |
2,778,000 |
MIRA
INFORM REPORT
|
Report Date : |
04.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
MERCANTILE MARKETING INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Tripti Commercial Complex, 1st Floor, Ganeshguri Charali, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
26.03.2004 |
|
|
|
|
Com. Reg. No.: |
02-007375 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.447
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109AS2004PTC007375 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Marketing Activity |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 201000 |
|
|
|
|
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 : |
Tripti Commercial Complex, 1st Floor, Ganeshguri Charali, |
|
Tel. No.: |
91-361-2464556 |
|
E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Rajiv Sundarlal Jain |
|
Designation : |
Director |
|
Address : |
Chanakya Path, |
|
Date of Appointment : |
26.03.2004 |
|
DIN No.: |
01579065 |
|
|
|
|
Name : |
Mr. Sanjiv Sundarlal Jain |
|
Designation : |
Director |
|
Address : |
Chanakya Path, |
|
Date of Appointment : |
26.03.2004 |
|
DIN No.: |
01664178 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Jain Rajiv |
|
159000 |
|
Jain Kumar Nirmal |
|
73000 |
|
Sundarlal Jain and Sons, |
|
90000 |
|
Sanjiv Jain and Sons, |
|
20000 |
|
Jain Swati |
|
45000 |
|
Jain Swastika |
|
50000 |
|
Jain Devi Kamla |
|
55000 |
|
Jain Lal Sundar |
|
60000 |
|
Sandhya Jain |
|
60000 |
|
Arihant Trade and Agencies Private Limited, |
|
168000 |
|
Ankita Jain |
|
95000 |
|
Rajiv Jain (HUF) |
|
25000 |
|
Jain Sanjiv |
|
44700 |
|
Total |
|
944700 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
17.78 |
|
Directors
or relatives of directors |
|
82.22 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Marketing Activity |
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
v
Union Bank of v
State Bank of v
HDFC Bank Limited |
||||||||||||||||||||||||
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|
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sampat Jain and Associates Chartered Accountants |
|
Address : |
1st Floor, Saraswati Apartment, Chilarai Nagar Path
Bhangagarh, Guwahati – 781 005, |
|
PAN No.: |
AAHFS3251J |
|
|
|
|
Associates : |
v
Eastern Vyapar Limited v
NRS Mercantile Services (Private) Limited |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
944700 |
Equity Shares |
Rs.10/- each |
Rs.9.447
millions |
|
|
|
|
|
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 |
9.447 |
9.447 |
9.447 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
40.798 |
36.357 |
33.605 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
50.245 |
45.804 |
43.052 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
14.534 |
23.848 |
|
|
2] Unsecured Loans |
0.000 |
5.074 |
12.859 |
|
|
TOTAL BORROWING |
0.000 |
19.608 |
36.707 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
50.245 |
65.412 |
79.759 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.212 |
2.942 |
3.088 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
18.538
|
40.052 |
66.176 |
|
|
Sundry Debtors |
8.659
|
14.691 |
8.313 |
|
|
Cash & Bank Balances |
20.808
|
4.437 |
1.555 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
5.894
|
6.829 |
3.221 |
|
Total
Current Assets |
53.899
|
66.009 |
79.265 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.860
|
(0.017) |
0.122 |
|
|
Other Current Liabilities |
0.097
|
1.833 |
0.448 |
|
|
Provisions |
3.909
|
1.723 |
2.057 |
|
Total
Current Liabilities |
5.866
|
3.539 |
2.627 |
|
|
Net Current Assets |
48.033
|
62.470 |
76.638 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.033 |
|
|
|
|
|
|
|
|
TOTAL |
50.245 |
65.412 |
79.759 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
|
|
|
Income |
1411.890 |
2543.751 |
2655.512 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1411.890 |
2543.751 |
2655.512 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
1405.341 |
2539.432 |
2650.876 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1405.341 |
2539.432 |
2650.876 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.549 |
4.319 |
4.636 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.108 |
1.541 |
1.666 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
4.441 |
2.778 |
2.970 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.005 |
0.003 |
0.003 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.31
|
0.11 |
0.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.67
|
6.26 |
5.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.09 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.12
|
0.51 |
0.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
9.19
|
18.65 |
30.17 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The registered office of the company has been shifted from J.B. Market, 2nd Floor, Jain Road, Dancy Bazar, District Kamrup, Guwahati – 781 001, Assam to the present address.
FINANCIAL RESULT:
Profit of Rs.6.549
millions was earned during the year as per Profit and Loss Account.
FORM 8:
|
Corporate
identity number of the company |
U51109AS2004PTC007375 |
||||||
|
Name of the
company |
MERCANTILE MARKETING INDIA PRIVATE LIMITED |
||||||
|
Address of the
registered office or of the principal place of business in |
J.B. Market, 2nd
Floor, |
||||||
|
This form is for |
Creation of
charge |
||||||
|
Type of charge |
Hypothecation |
||||||
|
Particular of
charge holder |
State bank of |
||||||
|
Nature of
instrument creating charge |
1. Form C.2.
Agreement of Hypothecation of Goods and Assets dated 29.03.2006 2. From C.5.
Letter regarding the grant of individual limit6s within the overall limit
dated 29.03.2006. |
||||||
|
Date of instrument
Creating the charge |
29.03.2006 |
||||||
|
Amount secured by
the charge |
Rs.52.500
millions
|
||||||
|
Brief of the principal
terms an conditions and extent and operation of the charge |
1. Rate of
Interest: Cash Credit Interest will be charged at 0.75% below SBAR, present
effective rate being 9.50% per annum with monthly rests subject to changes of
interest rate structure from time to time as per Banks instructions. 2. Margin: Cash
Credit - Stocks: 25% Book debts: 40%
(Cover period 30 days) |
||||||
|
Description of
the property charged indicating whether it is a charged on |
Stock in trade Book debts Others |
FIXED ASSETS:
v
Computer
v
Utilities Equipments
v
Vehicles
v
Furniture and Fixtures
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.44.37 |
|
|
1 |
Rs.72.20 |
|
Euro |
1 |
Rs.62.87 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.