1. Summary Information
|
|
|
Country |
|
|
Company Name |
KIRAN DATA FORMS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Kishore Narayan
Mohta |
|
Status |
Moderate |
Principal Name 2 |
Mr. Kishore Narayan Mohta |
|
|
|
Registration # |
-- |
|
Street Address |
115 Sanjay
Mittal Estate No. 2, Andheri Kurla Road, Sakinaka, Andheri East, Mumbai –
400059, Maharashtra, India |
||
|
Established Date |
01.11.1983 |
SIC Code |
-- |
|
Telephone# |
91-22-28505976/28503900/ |
Business Style 1 |
Printing of Business Forms and
other related items |
|
Fax # |
91-22-28504430 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
-- |
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 1,665,000 |
Product Name 3 |
-- |
|
Shareholders |
-- |
Banking |
State Bank of
India |
|
Public Limited Corp. |
-- |
Business Period |
17 years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
B (32) |
|
Related
Company |
|||
|
Relation
-- |
Country
-- |
Company
Name |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
28,514,000 |
Current Liabilities |
14.382,000 |
|
Inventories |
4.926,000 |
Long-term Liabilities |
10,374,000
|
|
Fixed Assets |
3,768,000 |
Other Liabilities |
136,000 |
|
Deferred Assets |
-- |
Total Liabilities |
24,892,000 |
|
Invest& other Assets |
124,000 |
Retained Earnings |
10,775,000 |
|
|
|
Net Worth |
12,440,000 |
|
Total Assets |
37,332,000 |
Total Liab. & Equity |
37,332,000 |
|
Total Assets (Previous Year) |
32,961,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
51,888,000 |
Net Profit |
608,000 |
|
Sales(Previous yr) |
54,029,000 |
Net Profit(Prev.yr) |
468,000 |
MIRA
INFORM REPORT
|
Report Date : |
16.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
KIRAN DATA FORMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
115 Sanjay Mittal Estate No. 2, Andheri Kurla Road, Sakinaka, Andheri
East, Mumbai – 400059, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
01.11.1983 |
|
|
|
|
Com. Reg. No.: |
031255 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.665 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21010MH1983PTC031255 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK11961F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK3273G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Printing of Business Forms and other
related items |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 49760 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, 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 term an 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 : |
115 Sanjay Mittal Estate No. 2, Andheri Kurla Road, Sakinaka, Andheri East,
Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-28505976/28503900/28500573/28500990 |
|
Fax No.: |
91-22-28504430 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Kishore Narayan Mohta |
|
Designation : |
Director |
|
Address : |
9, Shivsagar, 19 Worli Seaface, Mumbai – 400025, Maharashtra, India |
|
Date of Birth/Age : |
22.12.1958 |
|
Date of Appointment : |
01.04.1994 |
|
|
|
|
Name : |
Ms. Sushila Devi Mohta |
|
Designation : |
Director |
|
Address : |
9, Shivsagar, 19 Worli Seaface, Mumbai – 400025, Maharashtra, India |
|
Date of Birth/Age : |
24.02.1964 |
|
Date of Appointment : |
06.10.2008 |
|
|
|
|
Name : |
Mr. Kartik Kishore Mohta |
|
Designation : |
Director |
|
Address : |
9, Shivsagar, 19 Worli Seaface, Mumbai – 400025, Maharashtra, India |
|
Date of Birth/Age : |
29.04.1984 |
|
Date of Appointment : |
06.10.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Kishore Kumar Mohta |
|
126000 |
|
Sushila Devi Mohta |
|
15000 |
|
Kishore Kumar Mohta HUF |
|
3150 |
|
Kartik Kishore Mohta |
|
22350 |
|
Total |
|
166500 |
AS ON 30.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Printing of Business Forms and
other related items |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
State Bank of India, Industrial Finance Branch, Sakivihar Road,
Sakinaka, Andheri (East),, Mumbai - 400072, Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Saurabh P Shah Chartered Accountant |
|
Address : |
C-3, Khira Nagar, block No.1A, S V Road, Santacruz West, Mumbai –
400054, Maharashtra, India |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
166500 |
Equity Shares |
Rs.10/- each |
Rs.1.665 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 |
1.665 |
1.665 |
1.665 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
10.775 |
10.070 |
9.602 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
12.440 |
11.735 |
11.267 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
9.844 |
8.220 |
7.539 |
|
|
2] Unsecured Loans |
0.530 |
1.000 |
1.786 |
|
|
TOTAL BORROWING |
10.374 |
9.220 |
9.325 |
|
|
DEFERRED TAX LIABILITIES |
0.136 |
0.167 |
0.047 |
|
|
|
|
|
|
|
|
TOTAL |
22.950 |
21.122 |
20.639 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.768 |
4.400 |
3.049 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.124 |
0.124 |
0.124 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.926
|
5.248 |
4.374 |
|
|
Sundry Debtors |
16.701
|
13.680 |
10.340 |
|
|
Cash & Bank Balances |
3.125
|
1.097 |
4.937 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
8.688
|
8.412 |
9.308 |
|
Total
Current Assets |
33.440
|
28.437 |
28.959 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
12.092
|
9.060 |
8.940 |
|
|
Other Current Liabilities |
2.290
|
2.779 |
1.632 |
|
|
Provisions |
0.000
|
0.000 |
0.921 |
|
Total
Current Liabilities |
14.382
|
11.839 |
11.493 |
|
|
Net Current Assets |
19.058
|
16.598 |
17.466 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
22.950 |
21.122 |
20.639 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
51.888 |
54.029 |
51.791 |
|
|
|
Other Income |
0.346 |
0.229 |
0.317 |
|
|
|
Profit on Sale of Fixed Assets |
0.000 |
0.000 |
4.415 |
|
|
|
TOTAL (A) |
52.234 |
54.258 |
56.523 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Decrease in Finished Goods Stock |
0.068 |
0.034 |
(0.189) |
|
|
|
Manufacturing and Other Expenses |
34.566 |
37.223 |
37.457 |
|
|
|
Payments and Benefits to Employees |
7.322 |
7.216 |
5.344 |
|
|
|
Administrative, Selling and Others
Expenses |
7.514 |
7.193 |
10.992 |
|
|
|
TOTAL (B) |
49.470 |
51.666 |
53.604 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.764 |
2.592 |
2.919 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.102 |
1.102 |
1.074 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.662 |
1.490 |
1.845 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.760 |
0.640 |
0.566 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.902 |
0.850 |
1.279 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.294 |
0.382 |
0.518 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
0.608 |
0.468 |
0.761 |
|
|
|
|
|
|
|
|
|
Add |
TAX ADJUSTMENT
IN RESPECT OF EARLIER YEARS |
0.097 |
0.000 |
0.006 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.577 |
4.109 |
3.342 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
5.282 |
4.577 |
4.109 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.16
|
0.86 |
1.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.74
|
1.57 |
2.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.42
|
2.59 |
3.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.07 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.99
|
1.79 |
1.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.24
|
2.40 |
2.52 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The registered office address of the company
has been shifted from 115 Sanjay Mittal Estate No. 2, Andheri Kurla Road, Sakinaka, Andheri
East, Mumbai – 400059, Maharashtra, India to present address w.e.f. 01.11.2008
FORM 8:
|
This form is for |
Modification of charge |
|
Charge identification number of the
modified |
90166571 |
|
Corporate identity number of the company |
U21010MH1983PTC031255 |
|
Name of the company |
KIRAN DATA FORMS PVT LTD |
|
Address of the registered office or of the
principal place of business in |
114/115 Sanjay Mittal Estate 2 Andheri
Kurla Road, Mumbai – 400059, Maharashtra India |
|
Type of charge |
Immovable Property |
|
Particular of charge holder |
STATE BANK OF INDIA |
|
Nature of description of the instrument
creating or modifying the charge |
No Instrument. Memorandum For Recording Extension Of
Mortgage By Deposit Of Title Deeds Covering Enhanced Limits And/Or Creation
Of Equitable Mortgage On Additional Properties For Existing Limits And
Enhanced Limits And Additional Facilities (Sme-7) |
|
Date of instrument Creating the charge |
07/11/2007 |
|
Amount secured by the charge |
Rs.7.300 Millions |
|
Short particulars of the property charged |
All Present and Future Goods, Book debts,
Movables and other Assets of The Borrower Including Documents of Title To
Goods and Other Assets Such as Outstanding Moneys, Receivables, Claims,
Bills, Invoices, Documents, Contracts, Engagements, Securities, Investments
And Rights and The Present And All Future Machinery. Stock Of Raw Materials,
Book debts, Semi Finished Goods, Finished Goods. |
|
Date of latest modification prior to the
present modification |
07/11/2007 |
|
Particulars of the present modification |
Now By The Present Modfn. Dt. 7.11.2007
The Company Offered Collateral Security By Way Of An Equitable Mortgage By
Deposit Of Title Deeds Over The Immovable Properties To Secure The Credit
Facilities Of Rs. 73,00,000/-. |
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.45.37 |
|
|
1 |
Rs.73.53 |
|
Euro |
1 |
Rs.64.36 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
32 |
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.