1. Summary Information
|
|
|
Country |
|
|
Company Name |
ABBEE
CONSUMABLES AND PERIPHERALS SSHOPE LIMITED |
Principal Name 1 |
Mr. Badrinarayan Bansilal Somani |
|
Status |
Satisfactory |
Principal Name 2 |
Ms. Anuradha Badrinarayan Somani |
|
|
|
Registration # |
11 - 019950 |
|
Street Address |
202, Kumar Garima Opp. Tata Consulatancy Services, |
||
|
Established Date |
18.11.2004 |
SIC Code |
-- |
|
Telephone# |
91-20-26059130/
66031200/ 66048873 |
Business Style 1 |
Manufacture |
|
Fax # |
91-20-26059892 |
Business Style 2 |
Export |
|
Homepage |
Product Name 1 |
Printer Ribbons |
|
|
# of employees |
-- |
Product Name 2 |
Key Board |
|
Paid up capital |
Rs.10,000,000/- |
Product Name 3 |
Mouse |
|
Shareholders |
Directors -96.81% Other top 50 Shareholders – 3.19% |
Banking |
ICICI Bank |
|
Public Limited Corp. |
NO |
Business Period |
7 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
186,306,000 |
Current Liabilities |
45,940,000 |
|
Inventories |
7,474,000 |
Long-term Liabilities |
120,000,000 |
|
Fixed Assets |
4,941,000 |
Other Liabilities |
991,000 |
|
Deferred Assets |
176,000 |
Total Liabilities |
166,931,000 |
|
Invest& other Assets |
4,218,000 |
Retained Earnings |
26,184,000 |
|
|
|
Net Worth |
36,184,000 |
|
Total Assets |
203,115,000 |
Total Liab. & Equity |
203,115,000 |
|
Total Assets (Previous Year) |
136,821,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
133,022,000 |
Net Profit |
27,239,000 |
|
Sales(Previous yr) |
38,589,000 |
Net Profit(Prev.yr) |
615,000 |
MIRA
INFORM REPORT
|
Report Date : |
02.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
ABBEE CONSUMABLES AND PERIPHERALS SSHOPE LIMITED |
|
|
|
|
Registered
Office : |
202, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
18.11.2004 |
|
|
|
|
Com. Reg. No.: |
11 - 019950 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 14.293 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72100PN2004PLC019950 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEA06305F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA9728L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture, Sales, Purchase, Import, Export, Trade, Stock, Distribute
all kind of computer consumables such as printer ribbons, inkjet, refill
kits, floppies, CDs, inkjet cartridges, toners, inkjet papers, laser papers,
inkjet transparency, mouse, keyboard, computers and peripheral |
|
|
|
|
No. of Employees
: |
(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 144000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. The
company has successful in wiping of accumulated losses of the previous year.
Trade relations are 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.
ECGC Country Risk Classification List – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
202, Kumar Garima Opp. Tata Consulatancy Services, |
|
Tel. No.: |
91-20-26059130/ 66031200/ 66048873 |
|
Fax No.: |
91-20-26059892 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 27.09.2010
|
Name : |
Mr. Badrinarayan Bansilal Somani |
|
Designation : |
Director |
|
Address : |
Yugai, A Wing, Flat No. 14, Behind Khrve Road, Tele Exchange, Pune –
411004, |
|
Date of Birth/Age : |
24.10.1959 |
|
Date of Appointment : |
09.02.2008 |
|
DIN No.: |
00158456 |
|
|
|
|
Name : |
Ms. Anuradha Badrinarayan Somani |
|
Designation : |
Director |
|
Address : |
Yugai, A Wing, Flat No. 14, Behind Khrve Road, Tele Exchange, Pune –
411004, |
|
Date of Birth/Age : |
28.06.1985 |
|
Date of Appointment : |
18.11.2004 |
|
DIN No.: |
00158452 |
|
|
|
|
Name : |
Mrs. Priya Badrinarayan Somani |
|
Designation : |
Director |
|
Address : |
Yugai, A Wing, Flat No. 14, Behind Khrve Road, Tele Exchange, Pune –
411004, |
|
Date of Birth/Age : |
17.04.1964 |
|
Date of Appointment : |
09.02.2008 |
|
DIN No.: |
02120036 |
|
|
|
|
Name : |
Ms. Vidya Badrinarayan Somani |
|
Designation : |
Director |
|
Address : |
Yugai, A Wing, Flat No. 14, Behind Khrve Road, Tele Exchange, Pune –
411004, |
|
Date of Birth/Age : |
17.11.1987 |
|
Date of Appointment : |
24.11.2006 |
|
DIN No.: |
00592566 |
|
|
|
|
Name : |
Mr. Suresh Wani |
|
Designation : |
Director |
|
Address : |
Plot No. 11/1, Pranav Bungalow,
Sahajnand Society, Ko Thrud, Pune – 411038, |
|
Date of Birth/Age : |
01.07.1947 |
|
Date of Appointment : |
20.10.2005 |
|
DIN No.: |
03187464 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Badrinarayan Bansilal Somani |
|
6167900 |
|
Anuradha Badrinarayan Somani |
|
977000 |
|
Priya Badrinarayan Somani |
|
1269500 |
|
Vidya Badrinarayan Somani |
|
1267000 |
|
Bajrang Kandhare |
|
285000 |
|
Radhika Joglekar |
|
33500 |
|
Badrinarayan Bansilal Somani And Vidya Badrinarayan Somani |
|
100 |
|
Total |
|
10000000 |
As on 27.09.2010
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
96.81 |
|
Other top fifty shareholders |
3.19 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture, Sales, Purchase, Import, Export, Trade, Stock, Distribute
all kind of computer consumables such as printer ribbons, inkjet, refill
kits, floppies, CDs, inkjet cartridges, toners, inkjet papers, laser papers, inkjet
transparency, mouse, keyboard, computers and peripheral |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
Customers : |
|
|||||||||
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|
|
|||||||||
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Bankers : |
|
|||||||||
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|
|||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shah Khandelwal Jain and Associates Chartered Accountant |
|
Address : |
Office No.301, Plot No.84, |
|
PAN.: |
AACFK3470E |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.1/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.1/- each |
Rs. 10.000
Millions |
|
|
|
|
|
As on 27.09.2010
Authorised Capital : Rs. 15.000
Millions
Issued, Subscribed & Paid-up Capital : Rs. 14.293 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 |
10.000 |
10.000 |
10.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
26.184 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
(1.054) |
(1.669) |
|
|
NETWORTH |
36.184 |
8.946 |
8.331 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
120.000 |
120.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
90.000 |
|
|
TOTAL BORROWING |
120.000 |
120.000 |
90.000 |
|
|
DEFERRED TAX LIABILITIES |
0.991 |
1.133 |
1.114 |
|
|
|
|
|
|
|
|
TOTAL |
157.175 |
130.079 |
99.445 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.941 |
3.055 |
3.259 |
|
|
Capital work-in-progress |
1.765 |
0.303 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
|
|
|
DEFERREX TAX ASSETS |
0.176 |
0.325 |
1.327 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7.474
|
0.793 |
0.479 |
|
|
Sundry Debtors |
53.565
|
22.841 |
2.163 |
|
|
Cash & Bank Balances |
0.086
|
1.062 |
(0.239) |
|
|
Other Current Assets |
4.368
|
0.261 |
2.095 |
|
|
Loans & Advances |
128.287
|
105.283 |
0.000 |
|
Total
Current Assets |
193.780
|
130.240 |
4.498 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
3.060 |
(88.346) |
|
|
Other Current Liabilities |
39.377
|
1.873 |
0.448 |
|
|
Provisions |
6.563
|
1.809 |
0.880 |
|
Total
Current Liabilities |
45.940
|
6.742 |
(87.018) |
|
|
Net Current Assets |
147.840
|
123.498 |
91.516 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
2.453 |
2.898 |
3.343 |
|
|
|
|
|
|
|
|
TOTAL |
157.175 |
130.079 |
99.445 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
133.022 |
38.589 |
11.913 |
|
|
|
Indirect Income |
0.214 |
0.005 |
0.021 |
|
|
|
Other Income |
0.568 |
0.305 |
0.087 |
|
|
|
TOTAL (A) |
133.804 |
38.899 |
12.021 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Expenditure |
44.364 |
5.507 |
4.729 |
|
|
|
Personnel Expenses |
10.687 |
6.543 |
4.871 |
|
|
|
Administrative Expenses |
7.464 |
7.962 |
1.704 |
|
|
|
Sales Promotion |
42.365 |
16.331 |
0.000 |
|
|
|
Prior Period Expenditure |
0.691 |
0.019 |
0.000 |
|
|
|
TOTAL (B) |
105.571 |
36.362 |
11.304 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
28.233 |
2.537 |
0.717 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.522 |
0.091 |
0.043 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
27.711 |
2.446 |
0.674 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.466 |
0.312 |
0.311 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
27.245 |
2.134 |
0.363 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.006 |
1.519 |
0.011 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
27.239 |
0.615 |
0.352 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1.054) |
(1.669) |
(2.021) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
26.185 |
(1.054) |
(1.669) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.72 |
0.61 |
0.35 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
20.36
|
1.58 |
2.93 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
20.48
|
5.53 |
3.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.71
|
1.60 |
4.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.75
|
0.24 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.59
|
14.17 |
11.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.22
|
0.15 |
(0.05) |
LOCAL AGENCY FURTHER INFORMATION
Operations:
The company under report achieved a turnover of Rs. 133.000 Millions
during the year as against the turnover of Rs. 38.600 Millions during the
previous year. After charging all expenses the company is in profit of Rs.
26.200 Millions
The directors are hopeful about the much better performance during the
current year.
Fixed Assets:
- Computer
- Computer
Software
- Air
Conditioner
- Office
Equipment
- Electrical
Installations
- Furniture and
Fixture
- Printers
- UPS and
Batteries
- Machinery
- Swapping
Machine System
- Foil Sealer
Machine
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.44.89 |
|
|
1 |
Rs.73.84 |
|
Euro |
1 |
Rs.64.76 |
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 |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--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.