MIRA
INFORM REPORT
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Report Date : |
29.03.2011 |
IDENTIFICATION DETAILS
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Name : |
RAM KISHORE NAGARMAL MARKETING PRIVATE LIMITED |
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Formerly Known As : |
APOORVA INTERNATIONAL PRIVATE LIMITED
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Registered Office : |
4032, Chawari Bazar, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
11.03.1996 |
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Com. Reg. No.: |
55-077053 |
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CIN No.: [Company
Identification No.] |
U74899DL1996PTC077053 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importer and Supplier of Polyester Film And BOPP Film |
RATING & COMMENTS
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MIRA’s Rating : |
B (29) |
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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 164800 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having moderate track.
Profitability of the company appears to be slow. Trade relations are fair.
Business is active. Payments are reported to be slow. Company can be considered for business dealings 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 |
LOCATIONS
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Registered Office : |
4032, Chawari Bazar, |
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Tel. No. : |
91-11-65438960 |
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E-Mail : |
DIRECTORS
As on 29.09.2010
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Name : |
Mr. Anil Kumar Bansal |
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Designation : |
Director |
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Address : |
3, Park Avenue, Maharani Bagh, |
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Date of Birth/Age : |
06.11.1961 |
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Date of Appointment : |
18.04.2001 |
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Din : |
00418583 |
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Name : |
Ms. Renu Bansal |
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Designation : |
Director |
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Address : |
3, Park Avenue, Maharani Bagh, |
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Date of Birth/Age : |
29.11.1961 |
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Date of Appointment : |
18.04.2001 |
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Din : |
00418618 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2010
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Names of Shareholders |
No. of Shares |
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Renu Bansal |
330100 |
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Anil Kumar Bansal |
330100 |
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Master Shivansh Bansal |
496500 |
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Anil Kumar Bansal (HUF) |
401500 |
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Ram Kishore Organics Private Limited |
150000 |
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Aakshi Bansal |
100000 |
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Nagar Mal Shakuntl Devi Trust |
150000 |
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Abhipra Capital Limited |
250000 |
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Total |
2208200 |
As on 29.09.2010
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Category |
Percentage |
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Bodies corporate |
6.79 |
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Directors or relatives of directors |
75.09 |
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Other top fifty (50) shareholders |
18.12 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Importer and Supplier of Polyester Film And BOPP Film |
GENERAL INFORMATION
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Bankers : |
·
Punjab National Bank, ·
Federal Bank Limited Chandini Chowk Branch, ·
ICICI Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
V D Aggarwal and Company Chartered Accountant |
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Address : |
Dilkhush Industrial cum Commercial Complex, G T Karnal Road, A-387,
G.T. Karna Road, Azadpur, New Delhi – 110 033, Delhi, India |
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PAN No.: |
AACFV2352A |
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Associates : |
·
R K S Global Agencies Private Limited ·
Ram Kishore and Sons Huf ·
Ram Kishore Organic Private Limited |
CAPITAL STRUCTURE
As on 29.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3,000,000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
2,208,200 |
Equity Shares |
Rs.10/- each |
Rs.22.082
millions |
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3,000,000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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2,258,200 |
Equity Shares |
Rs.10/- each |
Rs.22.582
millions |
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 |
22.582 |
20.082 |
20.082 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
18.641 |
5.247 |
3.139 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
41.223 |
25.329 |
23.221 |
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LOAN FUNDS |
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1] Secured Loans |
28.415 |
26.994 |
23.565 |
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2] Unsecured Loans |
57.038 |
55.879 |
20.927 |
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TOTAL BORROWING |
85.453 |
82.873 |
44.492 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
126.676 |
108.202 |
67.713 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
7.946 |
8.245 |
6.393 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.740 |
0.740 |
0.740 |
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DEFERREX TAX ASSETS |
0.303 |
0.236 |
0.126 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
17.897
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27.318
|
27.101
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Sundry Debtors |
103.213
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76.151
|
62.462
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Cash & Bank Balances |
0.609
|
0.256
|
0.512
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Other Current Assets |
0.000
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0.000
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0.000
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Loans & Advances |
35.775
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24.483
|
4.970
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Total
Current Assets |
157.494
|
128.208 |
95.045
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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20.701
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20.692
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Current Liabilities |
--
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6.670
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13.556
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Provisions |
1.622
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1.856
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0.343
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Total
Current Liabilities |
39.807
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29.227 |
34.591
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Net Current Assets |
117.687
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98.981 |
60.454
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
126.676 |
108.202 |
67.713 |
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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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TOTAL
TURNOVER |
661.915 |
546.730 |
463.081 |
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Less |
TOTAL EXPENSES |
656.103 |
541.671 |
462.130 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.812 |
5.059 |
0.951 |
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Less |
DEPRECIATION/
AMORTISATION |
1.039 |
1.203 |
0.610 |
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PROFIT BEFORE
TAX |
4.773 |
3.856 |
0.341 |
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Less |
TAX |
1.379 |
1.444 |
(0.136) |
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PROFIT AFTER TAX |
3.394 |
2.412 |
0.477 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.247 |
3.137 |
NA |
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BALANCE CARRIED
TO THE B/S |
8.641 |
5.549 |
NA |
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IMPORTS |
-- |
91.602 |
118.160 |
KEY RATIOS
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PARTICULARS |
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31.03.2010 |
31.03.2009 |
31.03.2008 |
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PAT / Total Income |
(%) |
0.51
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0.44 |
0.10 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
2.89
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2.83 |
0.34 |
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Return on Investment (ROI) (PBT/Networth) |
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0.12
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0.15 |
0.01 |
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Debt Equity Ratio (Total Liability/Networth) |
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3.04
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4.43 |
3.41 |
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Current Ratio (Current Asset/Current Liability) |
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3.96
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4.39 |
2.75 |
LOCAL AGENCY FURTHER INFORMATION
Performance Review
During the year the company has achieved the turnover of Rs.661.900 millions
and earned the net profit before tax and depreciation of Rs.5.812 million
against the last year turnover of Rs.546.700 millions and net profit 5.059
millions before tax and depreciation. The directors are quit hopeful for better
result in the coming year.
Form No. 8
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Corporate
identity number of the company |
U74899DL1996PTC077053 |
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Name of the
company |
RAM KISHORE NAGARMAL MARKETING PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
4032, Chawari Bazar, |
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This form is for |
Creation of
charge |
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Type of charge |
·
Book
debts ·
Movable
property (not being pledge) ·
Others ·
Floating
Charge |
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Particular of
charge holder |
·
Punjab National Bank, |
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Nature of
instrument creating charge |
Hypothecation for
Agreement of Current Assets Hypothecation of
movable assets forming part of block/fixed assets . Hypothecation of goods
and Book-debts to secure cash credit facility Deed of
hypothecation to secure loan on DA/DP Basis . |
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Date of
instrument Creating the charge |
04.06.2010 |
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Amount secured by
the charge |
Rs.100.000
millions |
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Brief of the principal
terms an conditions and extent and operation of the charge |
·
Rate
of interest - BPLR+2.50% presently effective @13.50% p.a on monthly rest or
such other rate(s) specified by the bank from time to time . ·
Terms
of repayment – On Demand ·
Margin
- Stocks -30% Book-debts -40% ·
Extent
and operation of the charge 100% first exclusive charge |
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Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First charge by
way of hypothecation of entire current assets present & future including
raw-materials , stocks in process , finished goods , book-debts and loan and
advances of the company . First charge on entire block assets including
movable and immovable assets forming part of fixed block assets owned by the
company both present and future .
First charge over goods received under LC . The above is to secure C/C( Hyp.
and Book-debts ) Limit of Rs.90.000 millions with sub-limit of C/C(book-debts)
of Rs.25.000 millions and ILC/FLC
(DA/DP) facility of Rs.10.000 millions . |
Fixed Assets
·
Building
·
Plant and Machinery
·
Furniture and Fittings
·
Vehicles
·
Electrical Installations
·
Office Equipment
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.44.78 |
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|
1 |
Rs.71.63 |
|
Euro |
1 |
Rs.62.96 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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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 |
YES |
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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 |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
29 |
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.