MIRA
INFORM REPORT
|
Report Date : |
20.01.2011 |
IDENTIFICATION DETAILS
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Name : |
BON MOYAR COMPUTERS PRIVATE LIMITED |
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Registered Office : |
Deluxe House, |
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Country : |
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Financials (as on) : |
31.03.2009 |
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Date of Incorporation : |
13.05.2004 |
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Com. Reg. No.: |
11-146290 |
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CIN No.: [Company
Identification No.] |
U52392MH2004PTC146290 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMB13667D |
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PAN No.: [Permanent
Account No.] |
PANAPPLIED |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Dealer of Computer Peripherals. |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 32000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. Trade relations are reported as fair.
Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.
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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
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Name : |
Mr. Ritesh |
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Designation : |
Accountant |
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Date : |
17.01.2011 |
LOCATIONS
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Registered Office : |
Deluxe House, |
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Tel. No.: |
91-22-22644556 |
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Fax No.: |
91-22-22657614 |
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E-Mail : |
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Website : |
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Area : |
900 sq ft |
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Location : |
Owned |
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Head Office : |
52, |
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Tel. No. : |
91-22-66366068 / 66366084 |
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Fax No. : |
91-22-22700672 |
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Branch Office : |
G-2, |
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Tel. No.: |
91-22-66932826 |
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Fax No.: |
91-22-66932826 |
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E-Mail : |
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Location : |
Owned |
DIRECTORS
As on 30.09.2009
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Name : |
Mr. Bhimshi Harilal Patel |
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Designation : |
Director |
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Address : |
Room No. C-8, Dina Patil Estate, |
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Date of Birth/Age : |
17.03.1957 |
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Date of Appointment : |
13.05.2004 |
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Name : |
Mr. Nathalal Ranchhod Chambaria |
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Designation : |
Director |
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Address : |
Plot No. 33, Rsc 17, Disha CHS, |
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Date of Birth/Age : |
07.08.1972 |
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Date of Appointment : |
13.05.2004 |
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Name : |
Mr. Govind Dhanji Ravaria |
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Designation : |
Director |
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Address : |
B 6, Rameshwar CHS, S V Patel Nagar, 4- Bunglow, Andheri (West),
Mumbai-400053, |
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Date of Birth/Age : |
17.01.1981 |
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Date of Appointment : |
13.05.2004 |
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Name : |
Mr. Narshi Ranchhod Chambaria |
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Designation : |
Director |
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Address : |
Plot No. 33, Rsc 17, Disha CHS, |
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Date of Birth/Age : |
06.08.1971 |
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Date of Appointment : |
13.05.2004 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2009
|
Names of Shareholders |
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No. of Shares |
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Narshi Ranchhod Chambaria |
|
80000 |
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Bhimshi Harilal Dubariya |
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50000 |
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Maghiben Narshi Chambaria |
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50000 |
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Lilavanti Chambaria |
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60000 |
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Nathalal Chambaria |
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120000 |
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Govind Dhanji Ravaria |
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40000 |
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Total |
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400000 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2009
|
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 : |
Dealer of Computer Peripherals. |
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Agencies Held : |
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Terms : |
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Selling : |
Cash
and Credit (30 / 60 / 90 days) |
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Purchasing : |
Cash
and Credit (30 / 60 / 90 days) |
GENERAL INFORMATION
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Customers : |
Wholesalers, End Users, OEM’s and Corporate |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
·
The Cosmos Co-operative Bank Limited, Fort
Branch, 229/231, Perin Nariman Street, Bazar Gate, Fort, Mumbai-400 001,
Maharashtra, India ·
Bank of Baroda, Altamount Road Branch, Crystal
Altamount Road, Kemps Corner, Mumbai-400 026, Maharashtra, India ·
Kotak Mahindra Bank Limited ·
HDFC Bank Limited ·
New India Co-Operative Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
V. Agarwal and Company Chartered Accountants |
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Address : |
210, Arenja Arcade, Sector 17, Near Apna Bazar, Vashi, Navi Mumbai –
400 705, Maharashtra, India |
CAPITAL STRUCTURE
As on 30.09.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
4.000 |
4.000 |
4.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
3.953 |
1.530 |
0.842 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
7.953 |
5.530 |
4.842 |
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LOAN FUNDS |
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1] Secured Loans |
25.042 |
27.374 |
23.670 |
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2] Unsecured Loans |
2.315 |
4.783 |
4.901 |
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TOTAL BORROWING |
27.357 |
32.157 |
28.571 |
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DEFERRED TAX LIABILITIES |
0.034 |
0.026 |
0.015 |
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TOTAL |
35.344 |
37.713 |
33.428 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.748 |
0.672 |
0.299 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
1.599 |
1.344 |
1.269 |
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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 |
33.525
|
33.805
|
33.229 |
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Sundry Debtors |
51.377
|
34.595
|
28.598 |
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Cash & Bank Balances |
0.850
|
4.058
|
2.439 |
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Other Current Assets |
4.154
|
3.913
|
2.528 |
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Loans & Advances |
0.000
|
0.406
|
0.000 |
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Total
Current Assets |
89.906
|
76.777
|
66.794 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
54.956
|
40.517 |
34.697 |
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Other Current Liabilities |
0.000
|
0.000
|
0.000 |
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Provisions |
1.953
|
0.583
|
0.277 |
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Total
Current Liabilities |
56.909
|
41.100
|
34.974 |
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Net Current Assets |
32.997
|
35.677
|
31.820 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.020 |
0.040 |
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TOTAL |
35.344 |
37.713 |
33.428 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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|
31.03.2009 |
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SALES |
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Income |
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Other Income |
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TOTAL (A) |
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438.431 |
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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) |
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434.137 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
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|
4.294 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (D) |
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|
0.211 |
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PROFIT BEFORE
TAX (C-D) (E) |
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4.083 |
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Less |
TAX (F) |
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1.661 |
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PROFIT AFTER TAX
(E-F) (G) |
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2.422 |
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Earnings Per
Share (Rs.) |
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|
6.05 |
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Expected Sales (2010-11): Rs.500.000 millions
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
0.55
|
--
|
--
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Return on Total Assets (PBT/Total Assets} |
(%) |
4.50
|
--
|
--
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Return on Investment (ROI) (PBT/Networth) |
|
0.51
|
--
|
--
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Debt Equity Ratio (Total Liability/Networth) |
|
10.60
|
13.25
|
13.12 |
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Current Ratio (Current Asset/Current Liability) |
|
1.58
|
1.87
|
1.91 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS :
(Rs. In Millions )
|
Particulars |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
Sundry Creditors |
54.956
|
40.517 |
34.697 |
|
Total |
54.956
|
40.517 |
34.697 |
CHANGE OF ADDRESS :
The situation of the registered office of the company was
changed from 52,
FORM 8
|
This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U52392MH2004PTC146290 |
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Name of the
company |
BON MOYAR COMPUTERS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
Deluxe House, 182, |
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Type of charge |
Movable Property |
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Particular of
charge holder |
The Cosmos Co-operative Bank Limited, E-Mail: njbhatia@rediffmail.com |
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Nature of description
of the instrument creating or modifying the charge |
Letter of
Hypothecation of Vehicle/s. |
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Date of
instrument Creating the charge |
28.10.2010 |
|
Amount secured by
the charge |
Rs.0.500 Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest @9.50% p.a. (For
1st year) @10% p.a. (For 2nd
year) @11% p.a. (For
last 3 years) Terms of
Repayment On Demand 60
Months, Rs.10500/- (For
1st year) Rs.10600/- (For
2nd year) Rs.10871/- (For
last 3 years) Margin 15% Extent and
Operation of the charge The charge will
operate to the extent of Rs0.500 Millions on the Security offered by the
company. |
|
Short particulars
of the property charged |
The Borrower Company
doth hereby hypothecate the purchased vehicle (Nissan Micra) as Security. |
TRADE REFERENCES:
- HDFC
- Shoppers Stop
FIXED ASSETS:
·
Air Condition
·
Camera System
·
Computer System
·
Cycle
·
·
Furniture and Fixtures
·
Motor Cycle
·
EPABX
·
Television
·
Water Pump
·
Website
·
Invertor
·
WEBSITE DETAILS:
Profile:
They are
one of the distributors for supply of Hewlett Packard Samsung and Lexmark
product. They have been regularly supplying the above product to public and
private Limited .Companies, Educational and Government Institutions, Banks and
Hotels etc.
They feel confident that given time, trusy and best
competitive rates, best qualitative services and prompt attention to the entire
satisfaction
They look forward to win a place amongst most the favored supplies by the
consistently superior quality of product supported by an unmatched service.
|
AWARDS |
YEAR |
|
Outstanding Perfomance Award by Hewlett Packard held in |
2003-04 |
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Best supplies partner Award by Lexmark held in |
2003-04 |
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Ace Excellence Award by Hewlett Packard held in |
2004-05 |
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Best Supplies partner Award (West) by Lexmark held in |
2004-05 |
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Best Epson resller by Epson |
2004-05 |
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ACE Excellence Award by Hewlett Packard held in Fhuket |
2005-06 |
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Best Diamond Partner Award by Lexmark held in |
2005-06 |
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Wipro Platinum Partner award by Wipro |
2005-06 |
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SONY Optical ultimate performance in Retail Data Media by |
2005-06 |
|
Samsung supplies Award by Samsung held in Mumbai |
2005-06 |
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DQ Week Award 2006 for Best Media reseller (West region)by
DQ Week (cyber media ) |
2005-06 |
|
Best Diamond Supplies Award by Lexmark held in |
2006-07 |
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.45.38 |
|
|
1 |
Rs.72.71 |
|
Euro |
1 |
Rs.61.15 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.