MIRA
INFORM REPORT
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Report Date : |
28.07.2011 |
IDENTIFICATION DETAILS
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Name : |
REPRO GRAPHICS PRIVATE LIMITED |
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Registered
Office : |
Flat No. 19, 3rd Floor, Mahalaxmi Industrial Estates,
Gandhi Nagar, Lower Parel, Mumbai 400013, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
02.11.2006 |
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Com. Reg. No.: |
11-165342 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 million |
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CIN No.: [Company Identification
No.] |
U51103MH2006PTC165342 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMR20903B |
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PAN No.: [Permanent Account No.] |
AADCR4294F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Printing Consumables.
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No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (30) |
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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 80000 |
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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. The company has
improved it’s performance in the year 2009-10. The company has successful in
wiping off the accumulated losses recorded by the company. 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.
INFORMATION PARTED BY
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Name : |
Ms. Shweta Thackray |
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Designation : |
Senior Accountant |
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Contact No.: |
91-9870498034 |
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Date : |
27.07.2011 |
LOCATIONS
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Registered Office : |
Flat No. 19, 3rd Floor, Mahalaxmi Industrial Estates, Gandhi
Nagar, Lower Parel, Mumbai 400013, |
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Tel. No.: |
91-22-43680808 |
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Mobile No.: |
91-9870498034 (Ms. Shweta Thackray) |
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Fax No.: |
91-22-43680888 |
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Email: |
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Website : |
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Area : |
1000 sq. ft. |
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Location : |
Rented |
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Branches: |
Located At ·
Hyderabad ·
Delhi ·
Chennai |
DIRECTORS
AS ON 19.07.2010
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Name : |
Mr. Sureshbabu K. Bharathan |
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Designation : |
Managing Director |
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Address : |
320, Vasan Udyog Bhavan, Opposite |
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Date of Birth/Age : |
20.04.1957 |
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Date of Appointment : |
02.11.2006 |
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DIN No : |
00571799 |
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Name : |
Mr. Manoj K. Bharathan |
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Designation : |
Director |
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Address : |
320, Vasan Udyog Bhavan, Opposite |
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Date of Birth/Age : |
20.05.1969 |
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Date of Appointment : |
02.11.2006 |
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DIN No : |
00571838 |
KEY EXECUTIVES
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Name : |
Ms. Shweta Thackray |
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Designation : |
Senior Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 19.07.2010
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Names of Shareholders |
No. of Shares |
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Sureshbabu K. Bharathan |
9000 |
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Manoj K. Bharathan |
1000 |
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Total |
10000 |
AS ON 19.07.2010
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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 : |
Trader of Printing Consumables |
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Products : |
Printing Material and Equipments. |
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Exports : |
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Products : |
·
Printing Consumables |
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Countries : |
·
Dubai ·
Masqat |
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Imports : |
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Products : |
·
Printing Consumables |
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Countries : |
·
Germany ·
France ·
UK |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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Customers : |
·
Manufacturer |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
·
Union Bank of India, Mahim Branch, Carol Mansion,
35, Sitaladevi Temple Road, Mahim (West), Mumbai-400016, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
J. Kala and Associates Chartered Accountants |
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Address : |
504, Rainbow Chambers, Near MTNL Exchange, |
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Sister Concern : |
·
Anup Plastics, Dubai |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
20.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
1.360 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
(4.383) |
(3.513) |
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NETWORTH |
21.460 |
(4.283) |
(3.413) |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
10.494 |
15.923 |
13.699 |
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TOTAL BORROWING |
10.494 |
15.923 |
13.699 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
31.954 |
11.640 |
10.286 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
4.780 |
1.819 |
1.954 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.218 |
1.878 |
1.486 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
37.613
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26.006
|
17.355
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Sundry Debtors |
23.416
|
13.073
|
6.493
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Cash & Bank Balances |
5.263
|
3.787
|
1.164
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Other Current Assets |
0.000
|
0.000
|
0.000
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Loans & Advances |
2.340
|
1.297
|
1.265
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Total
Current Assets |
68.632
|
44.163 |
26.277 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
39.593
|
35.490 |
19.005 |
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Other Current Liabilities |
0.847
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0.713
|
0.363
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Provisions |
1.236
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0.017
|
0.063
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Total
Current Liabilities |
41.676
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36.220 |
19.431 |
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Net Current Assets |
26.956
|
7.943
|
6.846
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
31.954 |
11.640 |
10.286 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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INCOME |
90.578 |
40.281 |
12.052 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
81.400 |
40.972 |
14.822 |
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Advertising Expenses |
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TOTAL |
81.400 |
40.972 |
14.822 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
9.178 |
(0.691) |
(2.770) |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.744 |
0.485 |
0.397 |
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PROFIT BEFORE
TAX |
8.434 |
(1.176) |
(3.167) |
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Less |
TAX |
2.690 |
(0.305) |
(0.849) |
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PROFIT AFTER TAX
|
5.744 |
(0.871) |
(2.318) |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(4.384) |
(3.513) |
(1.195) |
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BALANCE CARRIED
TO THE B/S |
1.360 |
(4.384) |
(3.513) |
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Earnings Per
Share (Rs.) |
574.40 |
(87.10) |
(231.80) |
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Particulars |
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|
31.03.2011 |
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Sales Turnover (Approximately) |
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100.000 |
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The above information has been parted by Ms. Shweta Thackeray.
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
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Net Profit Margin (PBT/Sales) |
(%) |
9.31
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(2.92)
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(26.28) |
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Return on Total Assets (PBT/Total Assets} |
(%) |
11.45
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(2.46)
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(10.66) |
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Return on Investment (ROI) (PBT/Networth) |
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0.39
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0.27
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0.93 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.43
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(12.17)
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(9.71) |
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Current Ratio (Current Asset/Current Liability) |
|
1.65
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1.21
|
1.35 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
(Rs.
in millions)
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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Sundry Creditors |
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Goods Supplied |
38.856 |
35.006 |
18.364 |
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Expenses |
0.737 |
0.484 |
0.641 |
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Total |
39.593 |
35.490 |
19.005 |
PERFORMANCE
For the financial
year under review, the total Sales of the Company is Rs. 90.578 millions. The
Company has earned profit after tax of Rs. 5.744 millions.
FORM 8
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Corporate
identity number of the company |
U51103MH2006PTC165342 |
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Name of the
company |
REPRO GRAPHICS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
Flat No. 19, 3rd Floor, Mahalaxmi Industrial Estates,
Gandhi Nagar, Lower Parel, Mumbai 400013, Maharashtra, India |
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This form is for |
Creation of charge |
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Type of charge |
Immovable property |
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Particular of
charge holder |
Union Bank of India, Mahim Branch, Carol Mansion, 35, Sitaladevi
Temple Road, Mahim (West), Mumbai-400016, Maharashtra, India |
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Nature of instrument
creating charge |
Memorandum
Of Entry For Equitable Mortgage |
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Date of
instrument Creating the charge |
20.06.2011 |
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Amount secured by
the charge |
Rs. 4.100 millions |
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Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest Memorandum
Of Entry For Equitable Mortgage Terms of
repayment On
Demand Margin As
per sanction terms. Extent and
operation of the charge To
secure the term loan of Rs.4.100 millions granted by the bank to the company
together with interest, compound interest, additional interest in case of
default, exchange fluctuation, cost, charges, expenses, etc. Payable thereon. |
|
Short particulars
of the property charged (Including location of the property) |
Creation
of equitable mortgage by deposit of title deeds with the bank in respect of
the Company's immovable property being unit no.8, admeasuring 520 sq. Ft.
(built up area), on The 3rd floor of the Building known as Mahalaxmi
Industrial Estate, Drainage Channel Road, Gandhi Nagar, Lower Parel, Mumbai -
400 013 constructed on the land bearing (i) C. S. No.143, admeasuring 6232
sq. Yds. And (ii) C. S. No.71 (P) and 109(p) admeasuring 4457 sq. Yds.
Respectively, of lower parel division, Within the limits of sub registration
and registration district Mumbai city. |
TRADE REFERENCES
·
Soham Technologies,
Mumbai
·
Numex Blocks Private
Limited, Mumbai
FIXED ASSETS
·
Building
·
Plant and Machinery
·
Computers
·
Office Equipments
·
Furniture and Fixtures
·
Motor Car
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.43.94 |
|
|
1 |
Rs.72.12 |
|
Euro |
1 |
Rs.63.66 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
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|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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.