MIRA
INFORM REPORT
|
Report Date : |
30.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
VIVA BOOKS PRIVATE LIMITED |
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Registered
Office : |
4737/ 23, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
30.01.1991 |
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Com. Reg. No.: |
55-42901 |
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Capital Investment
/ Paid-up Capital : |
Rs.8.847 millions |
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CIN No.: [Company Identification
No.] |
U52396DL1991PTC042901 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELV04491E |
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PAN No.: [Permanent Account No.] |
AAACV0230G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Book Publishers |
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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 130000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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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 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INFORMATION DECLINED BY
|
Name : |
Mr. Amit |
|
Designation : |
Accounts Department |
LOCATIONS
|
Registered Office : |
4737/ 23, |
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Tel. No.: |
91-11-42242200 (30 Lines) |
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Fax No.: |
91-11-42242240 |
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E-Mail : |
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Website : |
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Branch Office : |
Located at: ·
Mumbai ·
Kolkata ·
Guwahati ·
·
·
Chennai ·
|
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Vinod Kumar Vasishat |
|
Designation : |
Managing Director |
|
Address : |
A-7, Geetanjali Enclave, |
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Date of Birth/Age : |
22.06.1954 |
|
Date of Appointment : |
13.09.1991 |
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DIN No. : |
00046175 |
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|
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Name : |
Mr. Sujit Kumar Dey |
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Designation : |
Director |
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Address : |
S-186, IInd Floor, Greater Kailash, |
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Date of Birth/Age : |
09.08.1961 |
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Date of Appointment : |
07.05.1999 |
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DIN No. : |
00033476 |
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Name : |
Mr. Satish Vasishat |
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Designation : |
Director |
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Address : |
A-7, A-Block, Geetanjali Enclave, |
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Date of Birth/Age : |
14.12.1954 |
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Date of Appointment : |
25.05.1995 |
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|
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Name : |
Mr. Pradeep Kumar |
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Designation : |
Director |
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Address : |
243, Prasad Nagar, |
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Date of Birth/Age : |
14.07.1954 |
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Date of Ceasing : |
06.05.2007 |
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DIN No.: |
01558559 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Vinod Kumar Vasishat |
|
61598 |
|
Satish Vasishat |
|
15288 |
|
Manas P. Saikia |
|
4200 |
|
Manish Sejwal |
|
1 |
|
Santosh Sejwal |
|
1 |
|
Jyoti Saikia |
|
1 |
|
Mala Kapoor |
|
1 |
|
Sushil Kumar Vasishat |
|
21 |
|
Sujit Kumar Dey |
|
21 |
|
Mohit Soni |
|
1 |
|
Sarmistha Dey |
|
1 |
|
Abdul Samad |
|
1 |
|
Rajesh Aggarwal |
|
1 |
|
Shalini Aggarwal |
|
1 |
|
D P Sapru |
|
1 |
|
Deepika Sejwal |
|
1 |
|
Khursheed Akthar |
|
1 |
|
Alpa Vasishat |
|
7329 |
|
Ruchika Soni |
|
1 |
|
K.K. Sharma |
|
1 |
|
Rajesh Aggarwal (HUF) |
|
1 |
|
Vinod Kumar Sharma |
|
1 |
|
Total |
|
88473 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
94.75 |
|
Others
|
|
5.25 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Book Publishers |
GENERAL INFORMATION
|
No. of Employees
: |
Not Available |
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Bankers : |
·
Indian Bank Chandni Chowk Branch, 309, ·
ICICI Bank Limited ·
Punjab National Bank, G Airport, ·
State Bank of ·
State Bank of ·
Indian Bank, Kolkata ·
Indian Bank, Chennai ·
Indian Bank, ·
Indian Bank, Barkatpura, ·
Indian Bank, ·
Indian Bank, Nerul Branch ·
Indian Bank, Guwahati Branch ·
HDFC Bank, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
S.M. Yamin Qureshi Chartered Accountant |
|
Address : |
211, |
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|
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Associates/Subsidiaries : |
·
Kogan Page India Private Limited ·
Viva Education Private Limited ·
·
Viva Marketing ·
Jones and Bartlett India Private Limited ·
Books and Bytes India Private Limited |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
88473 |
Equity Shares |
Rs.100/- each |
Rs.8.847
millions |
(Of the above 84260 shares have been issued as fully paid Bonus Shares)
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 |
8.847 |
8.847 |
8.847 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
23.780 |
17.655 |
12.533 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
32.627 |
26.502 |
21.380 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
71.364 |
56.442 |
50.494 |
|
|
2] Unsecured Loans |
107.334 |
67.885 |
54.205 |
|
|
TOTAL BORROWING |
178.698 |
124.327 |
104.699 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.132 |
0.289 |
|
|
|
|
|
|
|
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TOTAL |
211.325 |
150.961 |
126.368 |
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|
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|
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APPLICATION OF FUNDS |
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|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
25.042 |
17.336 |
16.977 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
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|
|
|
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|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.100 |
0.000 |
0.000 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
41.141
|
28.334
|
27.166 |
|
|
Sundry Debtors |
287.461
|
242.065
|
172.309 |
|
|
Cash & Bank Balances |
14.892
|
11.225
|
9.395 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
18.097
|
16.123
|
12.678 |
|
Total
Current Assets |
361.591
|
297.747
|
221.548 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
146.646 |
139.211 |
91.599 |
|
|
Other Current Liabilities |
17.124
|
14.033
|
11.925 |
|
|
Provisions |
11.638
|
10.878
|
8.633 |
|
Total
Current Liabilities |
175.408
|
164.122
|
112.157 |
|
|
Net Current Assets |
186.183
|
133.625
|
109.391 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
211.325 |
150.961 |
126.368 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
367.777 |
343.776 |
308.119 |
|
|
|
Other Income |
0.198 |
0.478 |
0.184 |
|
|
|
TOTAL |
367.975 |
344.254 |
308.303 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
230.828 |
230.035 |
209.469 |
|
|
|
Selling and Promotional Expenses |
14.692 |
10.496 |
10.210 |
|
|
|
Administrative Expenses |
108.438 |
90.857 |
76.634 |
|
|
|
TOTAL |
353.958 |
331.388 |
296.313 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
14.017 |
12.866 |
11.990 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.668 |
3.599 |
3.404 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
9.349 |
9.267 |
8.586 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.223 |
4.146 |
3.780 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
6.126 |
5.121 |
4.806 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
40.767 |
31.919 |
30.860 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
69.24 |
57.89 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.66
|
1.49
|
1.56 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.54
|
2.70
|
2.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.42
|
2.94
|
3.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.35
|
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
10.85
|
10.88
|
10.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.06
|
1.81
|
1.98 |
LOCAL AGENCY FURTHER INFORMATION
NOTE
The Registered office of the company has been shifted from 4262/3,
FORM 8
|
Corporate
identity number of the company |
U52396DL1991PTC042901 |
|
Name of the
company |
VIVA BOOKS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
4737/ 23, E-Mail: accounts@vivagroupindia.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10083674 |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Indian Bank, Chandni Chowk Branch, Chandni Chowk, E-Mail: chandinichowk@indianbank.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
D-33, Letter from
party to bank confirming extension of Equitable Mortgage (2 Nos.) |
|
Date of
instrument Creating the charge |
15/03/2010 |
|
Amount secured by
the charge |
Rs.70.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest:
Interest as per bank norms Terms of
Repayment: Repayment as per bank norms Margin: Margin as
per bank norms Extent and
Operation of the charge: First charge by way of EM of properties as mentioned
here under is to secure the SOD (against EM of properties + term deposit)
limit of Rs.70.000 millions sanctioned to the company. |
|
Short particulars
of the property charged |
EM of Office
Space No.103, First Floor, Block B measuring 1170 sq. ft. together with Car
Parking Space No.B-10 and together with undivided proportionate indivisible
share in the land comprised therein lying and situated at 21/1A, Darga Road,
Kolkata and EM of Office Unit Bearing Municipal No.3-4-637 to 641/101 and
102B in First Floor of Mogal Marc Ratan H.Nos.3-4-637 to 641 Narayanguda,
Hyderabad with plinth area of 920 sq. ft. including common areas together with the undivided share of land
admeasuring 41.68 sq. yards. |
|
Date of latest
modification prior to the present modification |
14/01/2009 |
|
Particulars of the
present modification |
The SOD (against
EM of properties + term deposit) limit secured by E.M. of property mentioned
above is increased from Rs.60.000 millions to Rs.70.000 millions. Other terms
and conditions remain same. |
FIXED ASSETS
·
Computers
·
Fax Machine
·
Furniture and Fixtures
·
Air Conditioner
·
Refrigerators
·
Fans
·
Electrical Fittings
·
Generators
·
Vehicles
·
Coolers
·
Typewriters
·
Calculators
·
Cellular Phones
·
Cycles
·
Motorcycles
·
Weighting Machines
WEBSITE DETAILS
THE GATEWAY TO BUSINESS
IN
Education is the thrust area and as such every possible source and
resource is being directed towards it.
Viva Group is an organisation which has all the answers and solutions for the
marketing needs in
COMPANY STRUCTURE
They have been established for over a decade and a half and have since
grown steadily but swiftly as the largest organisation in the country. The
headquarters is in the capital city
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.45.87 |
|
|
1 |
Rs.75.15 |
|
Euro |
1 |
Rs.66.67 |
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 |
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 |
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.