MIRA
INFORM REPORT
|
Report Date : |
13.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
CELLO HOUSEHOLD APPLIANCES PRIVATE LIMITED |
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|
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Registered
Office : |
Plot No. 720/5, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
08.07.1992 |
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Com. Reg. No.: |
56-001251 |
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Capital
Investment / Paid-up Capital : |
Rs.8.000 Millions |
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CIN No.: [Company Identification
No.] |
U25207DD1992PTC001251 |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Product Such as Plastic Powder, Tail, Pen
Parts, Ink, TC Ball, Blank Grease etc. |
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No. of Employees
: |
4 (Approximately) |
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 1400000 |
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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.
INFORMATION PARTED BY
|
Name : |
Mr. Hemant |
|
Designation : |
Accounts Executive |
|
Date : |
12.07.2011 |
LOCATIONS
|
Registered Office : |
Plot No. 720/5, |
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Tel. No.: |
91-260-2241933 |
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E-Mail : |
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Website : |
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Area : |
Owned |
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Admin Office : |
5 Vakil Industrial Estate, |
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Tel. No.: |
91-22-26853444 / 8733080 / 26851027 |
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Fax No.: |
91-22-26853333 |
DIRECTORS
As on 21.09.2010
|
Name : |
Mr. Ghisulal Dhanraj Rathod |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
120, Jawahar Nagar, Goregaon (West), Mumbai – 400 062, |
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Date of Birth/Age : |
30.09.1942 |
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Qualification : |
Graduate |
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Date of Appointment : |
08.07.1992 |
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Din No.: |
00027607 |
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Name : |
Mr. Pannalal Jawantraj Sharma |
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Designation : |
Director |
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Address : |
16/64, Sidharth Nagar, Goregaon (West), Mumbai – 400 062, |
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Date of Birth/Age : |
15.07.1939 |
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Qualification : |
Graduate |
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Date of Appointment : |
24.07.1995 |
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Din No.: |
01746829 |
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|
|
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Name : |
Mr. Venkata Ramana Reddy |
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Designation : |
Director cum Secretary |
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Address : |
C-3 Saraswati, Suchidham, Malad (East), Mumbai – 400 097, |
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Date of Birth/Age : |
14.06.1963 |
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Qualification : |
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Date of Appointment : |
21.12.2002 |
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Din No.: |
01603418 |
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|
|
|
Name : |
Mr. Mahendra Pukhraj Jain |
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Designation : |
Director |
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Address : |
101, Mokash Darshan, |
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Date of Birth/Age : |
26.06.1966 |
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Qualification : |
Graduate |
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Date of Appointment : |
21.12.2002 |
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Din No.: |
01665539 |
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Name : |
Mr. Ranveer Mohan Parekh |
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Designation : |
Director |
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Address : |
127, 11th Floor, Ganjawala Apartment, Borivali (West),
Mumbai – 400 092, |
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Date of Birth/Age : |
07.07.1928 |
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Qualification : |
Graduate |
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Date of Appointment : |
21.12.2002 |
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Din No.: |
01746786 |
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|
|
|
Name : |
Mr. Sanjay Mohan Rajawat |
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Designation : |
Director |
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Address : |
103, Awas Apartment, |
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Date of Birth/Age : |
26.02.1969 |
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Qualification : |
Graduate |
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Date of Appointment : |
21.12.2002 |
|
Din No.: |
01881696 |
KEY EXECUTIVES
|
Name : |
Mr. Hemant |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 21.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Ghisulal Dhanraj Rathod |
|
15790 |
|
Pradeep G Rathod |
|
15950 |
|
Pankaj G. Rathod |
|
15690 |
|
Sangeeta P Rathod |
|
3800 |
|
Babita P Rathod |
|
3400 |
|
Gaurav P Rathod |
|
14400 |
|
Karishma P Rathod |
|
1200 |
|
Pannalal Jawantraj Sharma |
|
4800 |
|
Jayantilal W.Jain |
|
2700 |
|
Yogeshkumar Jayantilal Jain |
|
500 |
|
Ghisulal Dhanraj Rathod HUF |
|
10 |
|
Pankaj G. Rathod HUF |
|
10 |
|
Pampuben G. Rathod |
|
1750 |
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|
|
|
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Total |
|
80000 |
As on 21.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
96.00 |
|
Other
top fifty shareholders |
|
4.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Product Such as Plastic Powder, Tail, Pen
Parts, Ink, TC Ball, Blank Grease etc. |
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Imports : |
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Countries : |
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Terms : |
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Purchasing : |
TT |
GENERAL INFORMATION
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Customers : |
Others |
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No. of Employees : |
4 (Approximately) |
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|
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Bankers : |
·
IDBI Bank Limited, Marigold House, Plot No. A-34,
·
IndusInd
Bank Limited, IndusInd House, 425, |
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|
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Jeswani and Rathore Chartered Accountant |
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Address : |
408/C, Niranjan 99, |
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Tel. No.: |
91-22-22816968 / 34451 |
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Fax No.: |
91-22-22819435 |
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Group Company: |
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CAPITAL STRUCTURE
As on 21.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
80000 |
Equity Shares |
Rs.100/- each |
Rs.8.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
80000 |
Equity Shares |
Rs.100/- each |
Rs.8.000 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 |
8.000 |
8.000 |
8.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
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|
3] Reserves & Surplus |
344.359 |
337.071 |
332.228 |
|
|
4] (Accumulated Losses) |
0.000 |
345.071 |
0.000 |
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NETWORTH |
352.359 |
345.071 |
340.228 |
|
|
LOAN FUNDS |
|
|
|
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|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
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|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
5.312 |
6.592 |
7.943 |
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|
|
|
|
|
|
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TOTAL |
357.671 |
351.663 |
348.171 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
137.866 |
66.502 |
74.234 |
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|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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|
|
|
|
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INVESTMENT |
115.990 |
146.273 |
180.252 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
12.878
|
0.000 |
|
|
Sundry Debtors |
33.585
|
67.593
|
89.892 |
|
|
Cash & Bank Balances |
22.204
|
9.993
|
19.244 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
70.188
|
99.843
|
51.565 |
|
Total
Current Assets |
125.977
|
190.307
|
160.701 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3.666
|
8.945
|
26.197 |
|
|
Other Current Liabilities |
10.000
|
19.001
|
11.500 |
|
|
Provisions |
8.496
|
23.473
|
29.319 |
|
Total
Current Liabilities |
22.162
|
51.419
|
67.016 |
|
|
Net Current Assets |
103.815
|
138.888
|
93.685 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
357.671 |
351.663 |
348.171 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
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|
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|
Income |
706.462 |
795.015 |
244.491 |
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PROFIT AFTER TAX
|
7.282 |
4.835 |
(14.653) |
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
314.071 |
309.228 |
323.884 |
|
|
|
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|
|
|
|
|
Add |
PRIOR
PERIOD ADJUSTMENT |
0.006 |
0.008 |
(0.004) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
321.359 |
314.071 |
309.227 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
91.03 |
60.44 |
(183.16) |
|
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
850.000 |
The above information has been parted by Mr. Hemant.
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.06
|
0.15 |
0.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.68
|
3.70 |
2.40 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
31.03.2008 (Rs. in millions) |
|
Sundry Creditors |
3.666
|
8.945
|
26.197 |
NOTE: As informed by Mr. Hemant (Account) before
this company was doing manufacturing but from year 2007 manufacturing has stoped,
they only do trading.
OPERATIONS:
During the year the company showed net profit
of Rs.7.282 millions after tax for the year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate identity
number of the company |
U25207DD1992PTC001251 |
|
Name of the
company |
CELLO HOUSEHOLD
APPLIANCES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 720/5, |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
IDBI Bank Limited, Marigold House, Plot No. A-34, |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of
Entry creating a mortgage by deposit of title deeds in respect of immovable
properties of the Company. |
|
Date of
instrument Creating the charge |
21.08.2008 |
|
Amount secured by
the charge |
Rs.50.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Rate of interest may
be stipulated by Bank from time to time. Terms of
Repayment On Demand Margin As may be
stipulated by Bank from time to time. Extent and
Operation of the charge The company
created a mortgage by deposit of title deeds in respect of its immovable
properties as described under Item No. 14 as security for repayment of
principal, interest, liquidated damages, costs, charges and expenses and all
other moneys due and payable by the company to the Bank. |
|
Short particulars
of the property charged |
Immovable
Properties baring all that non-agricultural land or ground or piece or parcel
of land situated at village Dabhel, within the jurisdiction Dabhel Village
Panchayat, Taluka Daman, Sub Dist. and Dist. of Daman, Bearing Survey
No.686/2 admeasuring 11 Areas and Survey No.686/3, admeasuring 8 Areas, both
together admeasuring 19 Ares, i.e. 1,900.00 sq. mtrs or thereabouts |
TRADE REFERENCES:
- Cello Plastotech Private Limited
- Cello Pens and Stationery
FIXED ASSETS:
- Plant and Machinery
- Motor Vehicle
- Office Appliances
- Computers
- Furniture and Fixture
- Electric Installation
- Air Condition
- Fire Extinguishers
- Tools and Equipments
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.44.69 |
|
|
1 |
Rs.70.87 |
|
Euro |
1 |
Rs.62.25 |
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 |
NO |
|
--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.