MIRA
INFORM REPORT
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Report Date : |
28.06.2011 |
IDENTIFICATION DETAILS
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Name : |
RETAIL DETAILZ INDIA PRIVATE LIMITED |
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Registered Office : |
A/211, 2nd Floor, R. R. Realty Building, Tank Road, Opposite
Dreams Mall, Off L. B. S. Marg, Bhandup (West), Mumbai – 40078, Maharashtra |
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Country : |
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Financials (as on) : |
31.03.2009 |
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Date of Incorporation : |
25.10.2005 |
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Com. Reg. No.: |
11-157030 |
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Capital Investment / Paid-up Capital : |
Rs.0.500 Million |
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CIN No.: [Company
Identification No.] |
U51909MH2005PTC157030 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMR20458E |
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PAN No.: [Permanent
Account No.] |
AADCR3408B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Export of Shopping Trolley. |
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No. of Employees : |
50 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (28) |
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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 27000 |
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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 an established company having moderate track. The
management has not filed the latest financials of the company with the government
departments. However, trade relations are reported as fair. Business is
active. Payment terms are unknown. The company can be considered for business dealings with some caution. |
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
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 |
LOCATIONS
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Registered Office/ Factory : |
A/211, 2nd Floor, R. R. Realty Building, Tank Road,
Opposite Dreams Mall, Off L. B. S. Marg, Bhandup (West), Mumbai – 40078,
Maharashtra, India |
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Tel. No.: |
91-22-67746000/ 25951419 |
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Fax No.: |
91-22-67746099/ 25951883 |
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E-Mail : |
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Website : |
DIRECTORS
As on 30.09.2009
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Name : |
Mr. Deepak Kishin Manik |
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Designation : |
Managing Director |
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Address : |
3001, Octavius, |
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Date of Appointment : |
26.07.2006 |
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DIN No. : |
00414671 |
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Name : |
Mr. Nidesh Kandiyan Vasu |
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Designation : |
Director |
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Address : |
1/B, Suresh Colony, S.V> Road, Vile Parle (West), Mumbai – 400056, |
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Date of Appointment : |
05.10.2007 |
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DIN No. : |
01488270 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(As on 30.09.2009)
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Names of Shareholders |
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No. of Shares |
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Deepak Manik |
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45000 |
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Shailesh Karwa |
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5000 |
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Total |
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50000 |
(As on 30.09.2009)
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Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Export of Shopping Trolley. |
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Products : |
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GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
Syndicate Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Minhaz and Company Chartered Accountant |
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Address : |
7/10, |
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Tel No.: |
91-22-22663534/ 22696390 |
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Fax No.: |
91-22-22663966 |
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Associates/Subsidiaries : |
Funke Manik India Limited U29100MH1996PTC097039 Intellivest Financial Services Private Limited U67190MH2005PTC154635 Intellivest Investments ( U67120MH2000PTC126561 Value Tree Logistics Private Limited U63011MH2006PTC162629 |
CAPITAL STRUCTURE
As on 31.03.2009
Authorised Capital:
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.500 |
0.500 |
0.500 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
6.161 |
5.987 |
1.767 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
6.661 |
6.487 |
2.267 |
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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 |
0.498 |
0.939 |
0.200 |
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TOTAL BORROWING |
0.498 |
0.939 |
0.200 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
7.159 |
7.426 |
2.467 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.928 |
2.152 |
0.104 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.008 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
1.457
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1.230
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0.227
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Sundry Debtors |
13.432
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21.526
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10.989
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Cash & Bank Balances |
4.522
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1.519
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5.754
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Other Current Assets |
4.265
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3.417
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2.031
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Loans & Advances |
0.000
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0.000
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0.000
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Total
Current Assets |
23.676
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27.692
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19.001 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
14.806
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19.052
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15.484
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Other Current Liabilities |
0.000
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0.000
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0.000
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Provisions |
3.670
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3.400
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1.200
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Total
Current Liabilities |
18.476
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22.452
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16.684
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Net Current Assets |
5.200
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5.240
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2.317
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MISCELLANEOUS EXPENSES |
0.023 |
0.034 |
0.046 |
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TOTAL |
7.159 |
7.426 |
2.467 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SALES |
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Income |
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Other Income |
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TOTAL (A) |
24.401 |
108.793 |
45.383 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL (B) |
23.537 |
102.184 |
42.405 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.864 |
6.609 |
2.978 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (D) |
0.420 |
0.190 |
0.005 |
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PROFIT BEFORE
TAX (C-D) (E) |
0.444 |
6.419 |
2.973 |
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Less |
TAX (F) |
0.270 |
2.200 |
1.200 |
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PROFIT AFTER TAX
(E-F) (G) |
0.174 |
4.219 |
1.773 |
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Total Imports |
0.305 |
1.910 |
1.827 |
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Earnings Per
Share (Rs.) |
3.48 |
-- |
-- |
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KEY RATIOS
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PARTICULARS |
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31.03.2009 |
31.03.2008 |
31.03.2007 |
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PAT / Total Income |
(%) |
0.71
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3.88 |
3.91 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.73
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21.51 |
15.56 |
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Return on Investment (ROI) (PBT/Networth) |
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0.07
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0.99 |
1.31 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.85
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3.60 |
7.45 |
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Current Ratio (Current Asset/Current Liability) |
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1.28
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1.23 |
1.14 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The Registered office of the company has been shifted from Mezzanine
Floor, Lakhi Industry House, L.B.S. Marg, Bhandup (West), Mumbai,
Fixed Assets:
- Computers and Software
- Furniture and Fixture
- Office Equipment
- Machinery
Website Details
Company Profile :
Subject was first set up as a
division of its parent company in the year 2004. Following the resounding
success Subject achieved in a very short time, it was decided to be floated
into an independent entity in the year 2005.
The first customers were retail
chains like My Dollar Store, D’mart, Trumart and Spinach. Their products and
service levels are much appreciated across these customers.
Over the years subject evolved as
an organization engaged in design, supply and installation of shelving systems
and retail fixtures. The company has established a reputation in the retail
sector for quality products and on time execution of projects.
All their design briefs revolve
around first understanding the customers requirements with regard to
merchandise display and then how best to produce fixtures that are fully
modular to meet this need.
Subject has provided retail
support to a wide range of brands across retail formats. With projects ranging
from 600 sq.ft. To 90,000 sq.ft. , they
have in-depth understanding of most retailers display and merchandising needs.
Be it Supermarkets, Fashion or
Customized solutions, their ability to stay abreast with international designs
and execute complex projects across locations makes us consistently dependable.
Dependable retail support
Area of specialization - design,
supply and installation of supermarket / hypermarket shelving systems, fashion
displays, checkout counters and providing customised solutions.
By October 2010, Subject has
fitout more that 450 supermarkets, and close to 25 hypermarkets across the
length and breadth of
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.45.10 |
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1 |
Rs.71.88 |
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Euro |
1 |
Rs.63.75 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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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 |
3 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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28 |
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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.