MIRA
INFORM REPORT
|
Report Date : |
21.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
PEVONIA SPA CARE PRIVATE LIMITED |
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Registered
Office : |
C – 399, 2nd Floor, Defence Colony, New Delhi – 110024 |
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Country : |
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Financials (as
on) : |
31.03.2007 |
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Date of
Incorporation : |
13.07.2006 |
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Com. Reg. No.: |
55-150896 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100
Million |
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CIN No.: [Company Identification
No.] |
U93020DL2006PTC150896 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELP12590E |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Trader and Importer of Gym, SPA, Beauty Parlour Equipments and Skin Care
Products. |
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No. of Employees
: |
120 – Approximately (Contract Basis) |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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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 a company having moderate track. The management has not
filed the financials of the company with the government departments after the
year 2007 which indicates poor corporate governance. However, business is active. Payment terms
are unknown. The company can be considered for business dealings on a secured 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) |
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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
|
Name : |
Mr. Vijay |
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Designation : |
Accounts Departments |
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Date : |
21.07.2011 |
LOCATIONS
|
Registered Office : |
C – 399, 2nd Floor, Defence Colony, New Delhi – 110024,
India |
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Tel. No.: |
91-11-41645451 |
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Fax No.: |
91-11-41645452 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Administrative Office : |
127, New Mangkapuri, Second Floor, New Delhi, India |
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Tel. No.: |
91-11-41645451/ 26268105 |
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Fax No.: |
91-11-41645452 |
DIRECTORS
(AS ON 29.09.2007)
|
Name : |
Mr. Jasmin Singh |
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Designation : |
Director |
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Address : |
B-97, 2nd Floor, Sarvodaya Enclave, New Delhi – 110017,
India |
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Date of Birth/Age : |
02.01.1968 |
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Date of Appointment : |
13.07.2006 |
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Name : |
Ms. Kamaljit Singh |
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Designation : |
Director |
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Address : |
B-97, 2nd Floor, Sarvodaya Enclave, New Delhi – 110017,
India |
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Date of Birth/Age : |
29.08.1943 |
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Date of Appointment : |
13.07.2006 |
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Name : |
Mr. Fateh Singh |
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Designation : |
Director |
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Address : |
C-399, 2nd Floor, Defence Colony, New Delhi – 110024,
India |
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Date of Birth/Age : |
07.06.1970 |
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Date of Appointment : |
03.01.2007 |
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PAN No.: |
AMZPS7086F |
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Other Directorship : |
Chapter Two Saloon Private Limited CIN No.: U74996DL2006PTC155830 |
KEY EXECUTIVES
|
Name : |
Mr. Vijay |
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Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2007)
|
Names of Shareholders |
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No. of Shares |
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Jasmin Singh |
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5000 |
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Kamaljit Singh |
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5000 |
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Total |
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10000 |
(AS ON 30.09.2007)
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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
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|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader and Importer of Gym, SPA, Beauty Parlour Equipments and Skin
Care Products. |
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Imports : |
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Products : |
Equipments |
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Countries : |
USA |
GENERAL INFORMATION
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Customers : |
Wholesalers and Distributors · Chapter Two Salon Private Limited · Frank Provost Salon and SPA · Medispa · Radison |
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Suppliers : |
· Bajaj Travels Limited · Exposure Media Marketing Limited · Instant Express · Confrence and Exihibitions Private Limited · S. R. Distributions · Super Graphic Private Limited |
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No. of Employees : |
120 – Approximately (Contract Basis) |
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Bankers : |
· Vijaya Bank Sector 17-B, Chandigarh Branch, Chandigarh - 160017, India · Punjab National Bank |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
RPRP and Associates Chartered Accountant |
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Address : |
208, Sethi Bhawan, 7 Rajendra Place, New Delhi – 110008, India |
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Tel. No.: |
91-11-25711444 |
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Email : |
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Associates/Subsidiaries : |
Chapter Two Saloon Private Limited CIN No.: U74996DL2006PTC155830 |
CAPITAL STRUCTURE
(AS ON 29.09.2007)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Share |
Rs.10/- each |
Rs.1.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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10000 |
Equity Share |
Rs.10/- each |
Rs.0.100
Million |
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(AS ON 31.03.2007)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
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|
50000 |
Equity Share |
Rs.10/- each |
Rs.0.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
10000 |
Equity Share |
Rs.10/- each |
Rs.0.100
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
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|
31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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|
0.100 |
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2] Share Application Money |
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|
0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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(1.480) |
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NETWORTH |
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(1.380) |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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|
6.413 |
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TOTAL BORROWING |
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6.413 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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5.033 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.524 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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1.953 |
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Sundry Debtors |
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1.716 |
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Cash & Bank Balances |
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|
0.289 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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|
0.150 |
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Total
Current Assets |
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4.108 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditor |
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|
0.442 |
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Other Current Liabilities |
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0.193 |
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Provisions |
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|
0.014 |
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Total
Current Liabilities |
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0.649 |
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Net Current Assets |
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3.459 |
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MISCELLANEOUS EXPENSES |
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|
0.050 |
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TOTAL |
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5.033 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
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|
31.03.2007 |
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SALES |
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TOTAL |
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4.939 |
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Less |
EXPENSES |
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TOTAL |
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6.405 |
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PROFIT BEFORE
TAX |
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(1.466) |
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Less |
TAX |
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0.000 |
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PROFIT AFTER TAX |
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(1.466) |
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Earnings Per
Share (Rs.) |
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(146.58) |
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Particulars |
31.03.2011 |
31.03.2009 |
31.03.2008 |
|
Sales Turnover (Approximately) |
50.000 |
40.000 |
30.000 |
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The above information has been parted by Mr.
Vijay.
KEY RATIOS
|
PARTICULARS |
|
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|
31.03.2007 |
|
PAT / Total Income |
(%) |
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(29.68) |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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(26.03) |
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Return on Investment (ROI) (PBT/Networth) |
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1.06 |
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Debt Equity Ratio (Total Liability/Networth) |
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(5.12) |
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Current Ratio (Current Asset/Current Liability) |
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6.33 |
LOCAL AGENCY FURTHER INFORMATION
FUTURE OUTLOOK:
This is being the first year of the operation
of the company got good contracts and several new contracts are under negotiation.
The company hope to get them in the near future. During the period the company
has created its identify in the Beauty and Spa Market.
FORM 8:
|
Corporate
identity number of the company |
U93020DL2006PTC150896 |
|
Name of the
company |
PEVONIA SPA CARE
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
C-399, 2nd Floor,
Defence Colony, New Delhi – 110024, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
Vijay Bank Sec 17-B,
Chandigarh – 160017, India |
|
Nature of
instrument creating charge |
Agreement to
extent charge on movable property |
|
Date of
instrument Creating the charge |
30.06.2009 |
|
Amount secured by
the charge |
Rs.4.000 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of
Interests: PLR +3%=15.25% Terms of
Repayment: On Demand Margin: 25% Extent and
Operation of the charge: 100% |
|
Particulars of the
property charged |
Hypothecation of
current assets both existing and future stored at company various godowns/
centres. assignment of book debts not older than 90 days out of genuine
business transactions |
|
Particulars of
the present modification |
Renewal of cash
credit limit of Rs.4.000 Millions |
FIXED ASSETS:
· Computer Systems
· Furniture and Fixtures
· Office 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.44.46 |
|
|
1 |
Rs.71.67 |
|
Euro |
1 |
Rs.62.94 |
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.