MIRA
INFORM REPORT
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Report Date : |
09.07.2011 |
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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Capital Investment / Paid-up Capital : |
Rs.4.000 Millions |
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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. |
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No. of Employees : |
10 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (29) |
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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 : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The
management has not filed the latest financials of the company with the
government departments. Trade relations are reported as fair. Business is active.
Payment terms are unknown. The company can be considered for business dealings with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY
|
Name : |
Mr. Ritesh |
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Designation : |
Account Manager |
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Contact No. : |
91-22-22644556 |
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Date : |
07.07.2011 |
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 / 22642930 / 31 / 22644556 / 22700672 |
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Fax No. : |
91-22-22700672 / 22657614 |
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Branch Office 1
: |
G-2, |
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Tel. No.: |
91-22-66932826 / 66932827 / 66916736 |
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Fax No.: |
91-22-66932826 |
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E-Mail : |
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Location : |
Owned |
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Branch Office 2
: |
Plot No. 73, Shop No. 27, Ground Floor, Welfare Chamber, Sector 17,
Vashi, Navi Mumbai, |
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Tel. No.: |
91-22-65118848 / 65118851 |
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E-Mail : |
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
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Names of Shareholders |
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No. of Shares |
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Narshi Ranchhod Chambaria |
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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
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Category |
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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 |
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No. of Employees : |
10 (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 1 : |
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 |
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Name 2 : |
Singrodia Goel and Company Chartered Accountant |
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Address : |
Fort, Mumbai, |
CAPITAL STRUCTURE
As on 30.09.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
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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Particulars |
|
31.03.2011 |
31.03.2010 |
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Sales Turnover (Approximately) |
|
550.000 |
420.000 |
Expected Sales (2011-2012) : Rs.580.000 millions
The above information has been parted by Mr. Ritesh
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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--
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Return on Investment (ROI) (PBT/Networth) |
|
0.51
|
--
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--
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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 |
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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 |
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Amount secured by
the charge |
Rs.0.500 Millions |
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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. |
FIXED ASSETS:
·
Air Condition
·
Camera System
·
Computer System
·
Cycle
·
·
Furniture and Fixtures
·
Motor Cycle
·
EPABX
·
Television
·
Water Pump
·
Website
·
Invertor
·
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.44.33 |
|
|
1 |
Rs.70.74 |
|
Euro |
1 |
Rs.63.65 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
29 |
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.