MIRA
INFORM REPORT
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Report Date : |
03.03.2011 |
IDENTIFICATION DETAILS
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Name : |
PLAYGRO TOYS INDIA PRIVATE LIMITED |
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Registered Office : |
2057/38, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
29.07.2006 |
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Com. Reg. No.: |
55-151400 |
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CIN No.: [Company
Identification No.] |
U92412DL2006PTC151400 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELP13185E |
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PAN No.: [Permanent
Account No.] |
AADCP9624K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Plastic Toys |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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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 24000 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. It’s scale of activities are
limited. Trade relations are reported as fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for small business dealings at usual
trade terms and conditions with slight 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 – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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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 |
INFORMATION PARTED BY
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Name : |
Mr. Lalit |
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Designation : |
Accounts Department |
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Date : |
21.02.2011 |
LOCATIONS
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Registered Office : |
2057/38, |
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Tel. No.: |
91-11-28752545/46/65360376 |
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Fax No.: |
91-11-28751071 |
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E-Mail : |
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Website : |
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Factory: |
B-36/6, G. T. |
DIRECTORS
As On 30.09.2010
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Name : |
Mr. Rohit Chhabra |
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Designation : |
Director |
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Address : |
D/12, 12 A, |
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Date of Birth/Age : |
10.09.1960 |
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Date of Appointment : |
29.07.2006 |
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DIN No. : |
00364643 |
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Name : |
Mr. Brij Bhushan Manohar Lal Gupta |
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Designation : |
Director |
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Address : |
5/6, Jaidev Park, Rohtak Road, East Punjabi Bagh, New Delhi- 110026,
Delhi, India |
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Date of Birth/Age : |
01.02.1951 |
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Date of Appointment : |
29.07.2006 |
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DIN No. : |
00335157 |
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Name : |
Mr. Manu Gupta |
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Designation : |
Director |
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Address : |
5/6, |
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Date of Birth/Age : |
16.11.1976 |
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Date of Appointment : |
29.07.2006 |
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DIN No. : |
00318252 |
KEY EXECUTIVES
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Name : |
Mr. Lalit |
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Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 30.09.2010
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Names of Shareholders |
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No. of Shares |
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Manu Gupta |
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5000 |
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Rohit Chhabra |
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5000 |
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Total |
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10000 |
As On 30.09.2010
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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 : |
Manufacturer of Plastic Toys |
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Products : |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash, Credit |
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Purchasing : |
L/C, Cash, Credit |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
20 (5 – In Office + 15 – In Factory) |
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Bankers : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mittal Mehra Goyal and Associates Chartered Accountants |
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Address : |
T-22, Green park Extension, |
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E-mail : |
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Pan No. : |
AAHFK8985D |
CAPITAL STRUCTURE
As On 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 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 |
5.360 |
1.960 |
1.760 |
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3] Reserves & Surplus |
0.600 |
0.263 |
0.144 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
6.060 |
2.323 |
2.004 |
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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 |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.046 |
0.008 |
0.006 |
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TOTAL |
6.106 |
2.331 |
2.010 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.129 |
0.118 |
0.036 |
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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 |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
2.465
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2.266
|
2.029 |
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Sundry Debtors |
11.737
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5.050
|
2.758 |
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Cash & Bank Balances |
0.836
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0.839
|
0.764 |
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Other Current Assets |
4.664
|
0.000
|
0.000 |
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Loans & Advances |
0.951
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1.389
|
0.334 |
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Total
Current Assets |
20.653
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9.544
|
5.885 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
12.698
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5.393
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1.508 |
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Other Current Liabilities |
16.581
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1.858
|
2.370 |
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Provisions |
0.114
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0.102
|
0.057 |
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Total
Current Liabilities |
16.695
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7.353
|
3.936 |
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Net Current Assets |
3.958
|
2.191
|
1.949 |
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MISCELLANEOUS EXPENSES |
0.019 |
0.022 |
0.025 |
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TOTAL |
6.106 |
2.331 |
2.010 |
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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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Gross Income |
61.426 |
32.384 |
17.610 |
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Less |
EXPENSES |
60.937 |
32.162 |
17.458 |
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PROFIT BEFORE
TAX |
0.489 |
0.222 |
0.152 |
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Less |
TAX |
0.152 |
0.104 |
0.058 |
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PROFIT AFTER TAX
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0.337 |
0.118 |
0.094 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.262 |
0.144 |
0.050 |
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BALANCE CARRIED
TO THE B/S |
0.599 |
0.262 |
0.144 |
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Earnings Per
Share (Rs.) |
33.70 |
11.80 |
-- |
KEY RATIOS
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PARTICULARS |
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31.03.2010 |
31.03.2009 |
31.03.2008 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
2.15
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2.30
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2.57 |
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Return on Investment (ROI) (PBT/Networth) |
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0.08
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0.10
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0.08 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.75
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3.17
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1.96 |
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Current Ratio (Current Asset/Current Liability) |
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1.24
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1.30
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1.50 |
LOCAL AGENCY FURTHER INFORMATION
Review of
Activities:
During the company has earned profit after tax Rs.0.337 Million compared
to previous year Rs.0.118 Million. The
Directors hope the company will improve further in the coming year.
Form 8:
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Corporate
identity number of the company |
U92412DL2006PTC151400 |
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Name of the
company |
PLAYGRO TOYS
INDIA PRIVATE LIMITED |
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Address of the registered
office or of the principal place of
business in |
2057/38, Gold
Plaza Building, Gurudwara Road, Karol Bagh, New Delhi, Delhi - 110005, India |
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This form is for |
Creation of
charge |
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Type of charge |
Book Debts Movable Property Stocks |
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Particular of
charge holder |
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Nature of
instrument creating charge |
Hypothecation
Agreement of Goods and Debts (SD-06) |
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Date of
instrument Creating the charge |
29.12.2010 |
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Amount secured by
the charge |
Rs. 22.500
Millions |
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Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest
- @ Base Rate+4.25% per annum with monthly rests or such other rates as may
be prescribed by bank from time to time depending upon the change in the Base
Rate of the Bank. Terms of
Repayment - Repayable on demand with interest thereon. Margin -
Repayable on demand with interest thereon. Extent and
Operation of the charge - Cash Credit limit was secured against the
hypothecation of first charge on stocks of all types of Play school items
& toys lying at the borrower's
premises at B-36/6, G.T Karnal Road, Industrial Area, New Delhi or at
189-191,Lawrence Road,Industrial Area, New Delhi or lying at godowns or in
transit/ and or elsewhere belonging to the borrower. Also first charge by way
of hypothecation of all Current /movable and fixed assets, plant and
machinery, book debts, both present and future, of the company. Others - Personal
Guarantee of :- 1.Shri Manu gupta 2.Shri Rohit
Chhabra 3.Corporate
Guarantee of M/s Baan Ganga Sparkling Novelties Private Limited |
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Particulars of
the property charged |
Commercial
Property (3set of sale deeds) 2057/38, The property mentioned
above is also collateral security in the account of Baan Ganga Sparkling
Novelties(P) Limited limit Rs 4.500 milions,Sunshine Toys limit Rs 3.500
millions, Geecoinfo Systems P Ltd limit Rs 7.500 millions |
Fixed Assets:
- Computer
- Office
Equipment
Website
Details:
Profile:
Subject is a toys company specializing in the design, manufacturing and distribution of indoor and outdoor plastic amusement series, Through many years self improvement the company is based on " Developing market by quality and flourishing industry by science and technology " and insists on the management policy of " Adjusting measures to local conditions, flexible and multiform" and has been deeply favored by customers.
On the basis of strong technical power, and perfect management system as well, through many years exploiting and devolvement, they have made more efforts on the development of new products. And they have curatively developed, designed and produced safe, practical, beautiful and novel teaching tools by introducing the advanced technology from abroad. Under the market economic benefit, and at the same time, they have made more efforts on the devolvement of new products and the strict control of quality.
Playgro implements the Modern Enterprises Management system and quality Management system ISO 9001:2000 and is equipped with a team of high-quality devoted and experienced professionals, who master both international trade knowledge and language ability. Every staff based on the corporate spirit of : Solidarity Honesty, Innovation, and High Efficiency" , does his best to provide all clients the most enthusiastic highest-quality, and perfect service.
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 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.45.12 |
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|
1 |
Rs.73.43 |
|
Euro |
1 |
Rs.62.32 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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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 |
YES |
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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 |
|
27 |
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.