MIRA
INFORM REPORT
|
Report Date : |
22.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
STALLION HOTEL SUPPLIES PRIVATE LIMITED (w.e.f. 04.12.2008) |
|
|
|
|
Formerly Known
As : |
STALLION HOTEL SERVICES PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
At 4331/D, Kamala Height, Somwar Peth, Pune – 411 001, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
12.04.1999 |
|
|
|
|
Com. Reg. No.: |
11-013523 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1.000
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U55101PN1999PTC013523 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Wholesaler, Trader of Hotel Consumables Supplies. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 17000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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. 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 – 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 : |
At 4331/D, Kamala Height, Somwar Peth, Pune – 411 001, |
|
E-Mail : |
info@stallionhotelsupplies.com |
|
Website : |
|
|
|
|
|
Showroom : |
29 and 30, Gulmohar, Ground Floor, 2420, |
|
Tel. No.: |
91-20-67206720 (20 Lines) |
|
Fax No.: |
91-20-67206720 |
|
|
|
|
Godown : |
Survey No.29, Hissa No.3/2, Plot No.02, Tal Haveli, Holkarwadi, Pune –
411 028, |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Pravin Hemraj Jaiswal |
|
Designation : |
Managing Director |
|
Address : |
A/3/5, Brahma Baug, Mundhwa, Pune – 411 036, |
|
Date of Birth/Age : |
14.07.1964 |
|
Date of Appointment : |
12.04.1999 |
|
DIN No.: |
02053294 |
|
|
|
|
Name : |
Ms. Rita Pravin Jaiswal |
|
Designation : |
Director |
|
Address : |
A/3/5, Brahma Baug, Mundhwa, Pune – 411 036, |
|
Date of Birth/Age : |
03.08.1967 |
|
Date of Appointment : |
12.04.1999 |
|
DIN No.: |
01583400 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Pravin Hemraj Jaiswal |
|
75000 |
|
Rita Pravin Jaiswal |
|
25000 |
|
Total |
|
100000 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Wholesaler, Trader of Hotel Consumables Supplies. |
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
v
The Cosmos Co-Operative Bank Limited ( v
Saraswat
Bank |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Avinash Jeevan Utgikar Chartered Accountants |
|
Address : |
2, Dhanyada Apartment, 517, Sadashiv Peth, Near Dnyan Prabodhini, Pune
– 411 030, |
|
Tel. No.: |
91-20-24479369/ 24497171 |
|
E-Mail : |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150000 |
Equity Shares |
Rs.10/- each |
Rs.1.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000
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 |
1.000 |
1.000 |
1.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3.164 |
1.763 |
0.928 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
4.164 |
2.763 |
1.928 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.419 |
(1.759) |
0.677 |
|
|
2] Unsecured Loans |
0.522 |
0.798 |
0.595 |
|
|
TOTAL BORROWING |
2.941 |
(0.961) |
1.272 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7.105 |
1.802 |
3.200 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.001 |
0.793 |
0.884 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.053 |
0.053 |
0.053 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
6.306
|
4.181 |
4.289 |
|
|
Sundry Debtors |
0.930
|
0.120 |
0.540 |
|
|
Cash & Bank Balances |
0.004
|
0.005 |
0.005 |
|
|
Other Current Assets |
0.183
|
0.365 |
0.370 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.040 |
|
Total
Current Assets |
7.423
|
4.671 |
5.244 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.610
|
0.873 |
0.239 |
|
|
Other Current Liabilities |
0.161
|
(0.021) |
(0.067) |
|
|
Provisions |
2.601
|
2.863 |
2.809 |
|
Total
Current Liabilities |
4.372
|
3.715 |
2.981 |
|
|
Net Current Assets |
3.051
|
0.956 |
2.263 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7.105 |
1.802 |
3.200 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
|
|
|
Income |
24.362 |
19.155 |
24.145 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
24.362 |
19.155 |
24.145 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
23.333 |
17.948 |
22.878 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
23.333 |
17.948 |
22.878 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
|
1.029 |
1.207 |
1.267 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.373 |
0.618 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.029 |
0.834 |
0.649 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.762 |
0.928 |
0.279 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.791 |
1.762 |
0.928 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.29 |
12.07 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
4.22
|
4.35 |
2.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.01
|
22.09 |
20.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.44 |
0.66 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.76
|
1.00 |
2.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.70
|
1.26 |
1.76 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
During the year, the turnover of the Company has been satisfactory, the
Directors hope for better financial results in the current year.
FORM 8:
|
Corporate
identity number of the company |
U55101PN1999PTC013523 |
|
Name of the
company |
STALLION HOTEL SUPPLIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
At 4331/D, Kamala Height, Somwar Peth, Pune – 411 001, E-Mail: info@stallionhotelservices.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10198981 |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
The Cosmos Co-Operative Bank Limited ( E-Mail: mandevazecs@vsnl.net |
|
Nature of description
of the instrument creating or modifying the charge |
Deed of further
charge dated 14th January, 2010 |
|
Date of
instrument Creating the charge |
14.01.2010 |
|
Amount secured by
the charge |
Rs.2.500 millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest: 12.5%
p.a. presently applicable (for cash credit and term loan) Terms of
Repayment: For cash credit:
repayable on demand / review within 12 months For term loan: 36
months and EMI: Rs.0.033 million Margin: margin: For cash credit
40% in bank's favour For term loan 25%
in bank's favour Extent and
Operation of the charge: The charge will
continue to operative till full repayment of the facilities enjoyed by the
company Others: FACILITY: Cash credit:
Rs.1.500 millions Term loan:
Rs.1.000 million (furniture and renovation of showroom) |
|
Short particulars
of the property charged |
Mortgage of property
situated at Office No. 2 433/D Somwar Peth Gournd Floor Kamla Heights Pune
411001 together with fixtures and as specifically described in schedule of
the deed of further charge. |
|
Particulars of
the present modification |
Term loan of
Rs.1.000 million is additionally secured by mortgage of property situated at
Office No. 2 433/D Somwar Peth Gournd Floor Kamla Heights Pune 411001
together with fixtures and as specifically described in schedule of the deed
of further charge. The cash credit of Rs.2.500 millions continues as it is. |
FIXED ASSETS:
v Other Fixed Assets
v Access Control Machine
v Act Software
v Air Conditioner
v Air Cooler
v CCTV and Cameras
v Furniture and Fixtures
v Inverter and Batteries
v Letter Writing Software
v Mobile Handsets
v Office Equipments
v Printers
v Refrigerator
v Sample Stock (Not Saleable)
v Vehicle Swift
v Weighing Machine
v Tata Indica 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.44.91 |
|
|
1 |
Rs.72.90 |
|
Euro |
1 |
Rs.64.48 |
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 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
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.