MIRA
INFORM REPORT
|
Report Date : |
14.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
AMBARISH AGENCIES |
|
|
|
|
Registered Office : |
27, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2009 |
|
|
|
|
Year of Establishment : |
1984 |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business : |
Exporter, Importer,
Trader and Stockist of Kraft Paper, Absorbent Paper / Saturating Kraft
Paper, LWC Paper, Art Paper, Tissue Paper, Folding Bar Board (FBB), Standard
Sack Kraft Paper, Semi Extensive Sack Kraft Paper, Newsprint Paper, Poster
Paper, Insulation Paper, etc. |
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 1800 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established
proprietory concern having satisfactory track. Trade relations are reported
as fair. Business is active. Payments are reported to be usually correct
and as per commitments. The concern 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 |
INFORMATION PARTED BY (General Details)
|
Name : |
Mr. G D Bagri |
|
Designation : |
Key Executive |
|
Contact No.: |
91-9831060158 |
|
Date: |
11.03.2011 |
LOCATIONS
|
Registered Office/ Factory : |
27, |
|
Tel. No.: |
91-33-22427568 / 32941144 |
|
Mobile No.: |
91-9830987654 / 9831060158 (Mr.
G D Bagri) |
|
Fax No.: |
91-33-40051337 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
363 sq ft |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Chandrkanta Bagri |
|
Designation : |
Proprietor |
|
Address: |
43, |
|
Date of Birth/Age : |
56 Years |
|
Qualification : |
B.Com |
KEY EXECUTIVES
|
Name : |
Mr. G D Bagri |
|
Designation : |
Key Executive |
BUSINESS DETAILS
|
Line of Business : |
Exporter, Importer,
Trader and Stockist of Kraft Paper, Absorbent Paper / Saturating Kraft
Paper, LWC Paper, Art Paper, Tissue Paper, Folding Bar Board (FBB), Standard Sack
Kraft Paper, Semi Extensive Sack Kraft Paper, Newsprint Paper, Poster Paper,
Insulation Paper, etc. |
|
|
|
|
Agencies Held : |
|
|
|
|
|
Exports : |
|
|
Products : |
Different Type of Papers |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Paper Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Suppliers : |
|
|
|
|
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
6 Approximately |
|
|
|
|
Bankers : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Goshal and Company Chartered Accountants |
|
Address : |
Kolkata, West |
|
|
|
|
Associates/Subsidiaries : |
Tape India
Private Limited Address : 27, Line of Business : Trader of Packaging Material |
CAPITAL STRUCTURE
|
Capital Account : |
31.03.2009 (Rs. in
millions) |
31.03.2009 (Rs. in
millions) |
|
Opening Balance |
0.465 |
|
|
Add: Net Profit |
0.110 |
|
|
|
0.575 |
|
|
Less: Drawing |
0.101 |
0.474 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2010 |
|
Sales Turnover (Approximately) |
|
|
25.000 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor’s Capital |
|
0.474 |
0.466 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
0.474 |
0.466 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.174 |
0.000 |
|
|
2] Unsecured Loans |
|
1.195 |
1.038 |
|
|
TOTAL BORROWING |
|
1.369 |
1.038 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1.843 |
1.504 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.566 |
0.274 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.414 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
1.856 |
2.023 |
|
|
Cash & Bank Balances |
|
0.118 |
0.797 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
0.072 |
0.099 |
|
Total
Current Assets |
|
2.046 |
2.919 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities & Provisions |
|
1.183 |
1.689 |
|
Total
Current Liabilities |
|
1.183 |
1.689 |
|
|
Net Current Assets |
|
0.863 |
1.230 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1.843 |
1.504 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
23.132 |
26.156 |
|
|
|
Other Income |
|
0.116 |
0.074 |
|
|
|
TOTAL (A) |
|
23.248 |
26.230 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
|
22.272 |
24.938 |
|
|
|
Motor Car Expenses |
|
0.152 |
0.179 |
|
|
|
Salary |
|
0.122 |
0.147 |
|
|
|
Telephone Expenses |
|
0.071 |
0.077 |
|
|
|
Other Expenditure |
|
0.236 |
0.505 |
|
|
|
TOTAL (B) |
|
22.853 |
25.846 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
0.395 |
0.384 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.181 |
0.153 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
0.214 |
0.231 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.104 |
0.053 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT FOR
THE YEAR |
|
0.110 |
0.178 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
|
0.47 |
0.68 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
0.48 |
0.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
4.21 |
5.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.23 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
5.38 |
5.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.73 |
1.73 |
LOCAL AGENCY FURTHER INFORMATION
TAPE
INDIA PRIVATE LIMITED
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
million |
|
|
|
|
|
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.101 |
0.101 |
0.101 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.006 |
0.008 |
0.007 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.107 |
0.109 |
0.108 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
1.368 |
1.318 |
1.333 |
|
|
TOTAL BORROWING |
1.368 |
1.318 |
1.333 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1.475 |
1.427 |
1.441 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.037 |
0.063 |
0.034 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
|
|
|
|
Sundry Debtors |
2.794
|
1.449 |
|
|
|
Cash & Bank Balances |
0.322
|
0.157 |
2.937 |
|
|
Other Current Assets |
0.000
|
0.000 |
|
|
|
Loans & Advances |
0.473
|
0.267 |
|
|
Total
Current Assets |
3.589
|
1.873 |
2.937 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
2.145
|
|
1.530 |
|
|
Provisions |
0.006
|
0.005 |
|
|
Total
Current Liabilities |
2.151
|
0.509 |
1.530 |
|
|
Net Current Assets |
1.438
|
1.364 |
1.407 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1.475 |
1.427 |
1.441 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2008 |
31.03.2007 |
|
|
Sales Turnover |
|
10.215 |
11.453 |
|
|
Other Income |
|
0.019 |
0.000 |
|
|
Total Income |
|
10.234 |
11.453 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
0.006 |
0.007 |
|
|
Provision for Taxation |
|
0.005 |
0.006 |
|
|
Profit/(Loss) After Tax |
|
0.001 |
0.001 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Cost of Goods Sold |
|
9.515 |
10.658 |
|
|
Depreciation & Amortization |
|
0.023 |
0.006 |
|
|
Interest |
|
0.197 |
0.196 |
|
|
Salary |
|
0.312 |
0.314 |
|
|
Delivery Expenses |
|
0.044 |
0.036 |
|
|
Legal Expenses |
|
0.038 |
0.013 |
|
|
Other Expenditure |
|
0.099 |
0.223 |
|
Total Expenditure |
|
10.228 |
11.446 |
|
|
|
|
|
|
|
|
Earnings Per Share (Rs.) |
|
0.08 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
NA
|
0.01 |
0.01 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.06 |
0.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
0.31 |
0.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.06 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
32.89
|
16.76 |
26.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.67
|
3.68 |
1.92 |
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.45.21 |
|
|
1 |
Rs.72.55 |
|
Euro |
1 |
Rs.62.43 |
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 |
NO |
|
--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 |
YES |
|
--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.