%20PRIVATE%20LIMITED-143753%2002-Jun-2011_files/image002.jpg){kind=small}
1. Summary Information
|
|
|
Country |
|
|
Company Name |
VIPANCHI MARKETING (PUNE) PVT.LTD. |
Principal Name 1 |
Mr. Akkaladevi Ramkishan |
|
Status |
Moderate |
Principal Name 2 |
Mr. Akkaladevi Sudhakar |
|
|
|
Registration # |
|
|
Street Address |
Yadav Vyapar Bhavan, 602, Shukrawar Peth, |
||
|
Established Date |
26.06.2000 |
SIC Code |
-- |
|
Telephone# |
91-20-24470789 |
Business Style 1 |
Marketing |
|
Fax # |
91-20-24486815 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
FMCG |
|
|
# of employees |
N.A. |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
5,18,500/- |
Product Name 3 |
-- |
|
Shareholders |
Directors
or relatives of directors 100 % |
Banking |
Syndicate Bank |
|
Public Limited Corp. |
NO |
Business Period |
11 Years |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ca(12) |
|
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 |
7,522,000 |
Current Liabilities |
6,801,000 |
|
Inventories |
5,684,000 |
Long-term Liabilities |
4,502,000 |
|
Fixed Assets |
526,000 |
Other Liabilities |
116,000 |
|
Deferred Assets |
0 |
Total Liabilities |
11,419,000 |
|
Invest& other Assets |
5,000 |
Retained Earnings |
0 |
|
|
|
Net Worth |
2,318,000 |
|
Total Assets |
13,737,000 |
Total Liab. & Equity |
13,737,000 |
|
Total Assets (Previous Year) |
12,878,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
19,370,000 |
Net Profit |
430,000 |
|
Sales(Previous yr) |
|
Net Profit(Prev.yr) |
455,000 |
MIRA
INFORM REPORT
|
Report Date : |
02.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
VIPANCHI MARKETING (PUNE) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Yadav Vyapar Bhavan, 602, Shukrawar Peth, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
26.06.2000 |
|
|
|
|
Com. Reg. No.: |
25-015036 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.518 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909PN2000PTC015036 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEV07306F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCV711M |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Finance, chit fund, marketing, construction and other business
activities and moving forward relentlessly. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established Company having moderate track. There appear
huge accumulated losses being recorded by the company. However, 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 actions. |
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) |
|
|
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 : |
Yadav Vyapar Bhavan, 602, Shukrawar Peth, |
|
Tel. No.: |
91-20-24470789 |
|
Fax No.: |
91-20-24486815 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2009
|
Name : |
Mr. Akkaladevi Ramkishan |
|
Designation : |
Managing Director |
|
Address : |
3-5-874, A-801, Hyderguda Old Mla Quarters, Hyderabad-500029, |
|
Date of Birth/Age : |
25.05.1956 |
|
Date of Appointment : |
26.06.2000 |
|
DIN: |
00411584 |
|
|
|
|
Name : |
Mr. Akkaladevi Sudhakar |
|
Designation : |
Director |
|
Address : |
2-2-89, |
|
Date of Birth/Age : |
06.06.1966 |
|
Date of Appointment : |
26.06.2000 |
|
DIN: |
00412881 |
|
|
|
|
Name : |
Mr. Rachakonda Devarajam |
|
Designation : |
Director |
|
Address : |
House No.1-3-376, Koratla-505326, |
|
Date of Birth/Age : |
02.10.1962 |
|
Date of Appointment : |
26.06.2000 |
|
DIN: |
00412976 |
|
|
|
|
Name : |
Mr. Padala Narayana Goud |
|
Designation : |
Director |
|
Address : |
House No.5-2-109, 2- Ratala Pump Koratla-505326, |
|
Date of Birth/Age : |
16.10.1964 |
|
Date of Appointment : |
26.06.2000 |
|
DIN: |
00413043 |
|
|
|
|
Name : |
Mr. Mukund Ganpatrao Gadgil |
|
Designation : |
Director |
|
Address : |
1114 / 11075 Yevele Vada, Mantri Vada Rakhumai, Nivas Hanipar, Ma
Sadashiv Peth, Pune-411030, Maharashtra, India |
|
Date of Birth/Age : |
06.03.1966 |
|
Date of Appointment : |
26.06.2000 |
|
DIN: |
02978925 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2009
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Akkaladevi Ramkishan |
|
16810 |
|
Mr. Akkaladevi Sudhakar |
|
10010 |
|
Mr. Rachakonda Devarajam |
|
10010 |
|
Mr. Padala Narayana Goud |
|
10010 |
|
Mr. Mukund Ganpatrao Gadgil |
|
5010 |
|
|
|
|
|
TOTAL |
|
51850 |
As on 30.09.2009
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
finance, chitfund, marketing, construction and other business
activities and moving forward relentlessly. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
Bankers : |
|
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K.D. Gargote and Associates Chartered Accountant |
|
Address : |
502, ‘Nenith’ Opp. Krishi Bhavan, Near |
|
Pan No: |
AAIFK3160H |
CAPITAL STRUCTURE
As on 30.09.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250,000 |
Equity Shares |
Rs. 10/- each |
Rs.2.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
51,850 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.518
Million |
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 |
0.518 |
0.518 |
0.518 |
|
|
2] Share Application Money |
8.472 |
8.472 |
8.472 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(6.672) |
(6.700) |
(6.244) |
|
|
NETWORTH |
2.318 |
2.290 |
2.746 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.793 |
4.007 |
4.113 |
|
|
2] Unsecured Loans |
0.709 |
0.509 |
0.309 |
|
|
TOTAL BORROWING |
4.502 |
4.516 |
4.422 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.004 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6.820 |
6.810 |
7.168 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.526 |
0.576 |
0.636 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.005 |
0.006 |
0.015 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
5.684
|
6.366 |
5.983 |
|
|
Sundry Debtors |
6.749
|
5.560 |
6.410 |
|
|
Cash & Bank Balances |
0.261
|
0.117 |
0.096 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.043 |
|
|
Loans & Advances |
0.512
|
0.253 |
0.321 |
|
Total
Current Assets |
13.206
|
12.296 |
12.853 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.805
|
3.862 |
4.300 |
|
|
Other Current Liabilities |
1.996
|
2.084 |
1.961 |
|
|
Provisions |
0.116
|
0.122 |
0.101 |
|
Total
Current Liabilities |
6.917
|
6.068 |
6.362 |
|
|
Net Current Assets |
6.289
|
6.228 |
6.491 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.026 |
|
|
|
|
|
|
|
|
TOTAL |
6.820 |
6.810 |
7.168 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
TURNOVER |
19.370 |
10.155 |
8.753 |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(Including
interest and depreciation, Expenses) |
1.270 |
0579 |
|
|
|
|
|
|
|
Less |
INTEREST ON LOAN |
|
0.781 |
0.564 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.489 |
0.015 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.059 |
0.071 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.028 |
(0.430) |
(0.506) |
|
|
|
|
|
|
|
Less |
TAX |
(0.402) |
0.025 |
0.022 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.430 |
(0.455) |
(0.528) |
|
|
|
|
|
|
|
Add |
Profit/(Loss) as
per last Balance Sheet |
NA |
(6.244) |
(5.717) |
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
(6.700) |
(6.244) |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.11 |
(1.83) |
2.12 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.20
|
(3.34) |
(3.75) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
(0.18) |
(0.18) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.92
|
4.62 |
3.92 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.90
|
2.02 |
2.02 |
LOCAL AGENCY FURTHER INFORMATION
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U51909PN2000PTC015036 |
|
Name of the
company |
Vipanchi Marketing (Pune) Private Limited |
|
Address of the
registered office or of the principal place of business in |
Yadav Vyapar Bhavan, 602, Shukrawar Peth, |
|
This form is for |
Creation
of Charge |
|
Type of charge |
Movable Property |
|
Particular of
charge holder |
Name: Syndicate
Bank Address: E-Mail ID : nvgopalcs@gmail.com |
|
Nature of
instrument creating charge |
Composite
Hypothecation Agreement |
|
Date of
instrument Creating the charge |
06.04.2010 |
|
Amount secured by
the charge |
Rs.0.800 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest:
Rate of Interest @13.25% p.a. being over and the Bank PLR. Terms of
Repayment: 60 EMIS of Rs.0.018 Millions each inclusive of monthly Interest
starting from 31.05.2010 and ending before 30.04.2015. Margin: Margin at
30%p.a. Extent and
Operation of the charge: First charge on stock in trade stored at Vipanchi
Marketing Private Limited, Yadav Bhavan, 602, Shukrawar Peth, Pune-411002. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
stock in trade stored at Vipanchi Marketing Private Limited, Yadav Bhavan,
602, Shukrawar Peth, Pune-411002. |
FIXED ASSETS:
- Building
- EPBX System
- Weighing
Machine
- Furniture and
Fixture
- Printing
Machine
- Computer and
Printer
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 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
- |
|
--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 |
|
12 |
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.