1. Summary Information
|
|
|
Country |
|
|
Company Name |
CPR DISTRIBUTORS PRIVATE LIMITED |
Principal Name 1 |
Mr. Ashish Raje |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Gaurav Pahwa |
|
|
|
Registration # |
10-13162 |
|
Street Address |
|
||
|
Established Date |
13-11-1998 |
SIC Code |
-- |
|
Telephone# |
91-731-2390039 /
4092244 |
Business Style 1 |
Marketer |
|
Fax # |
91-731-2361213 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Consumer’s
electronics |
|
|
# of employees |
25 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
903,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors (100.00%) |
Banking |
HDFC Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
13 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
53,530,000 |
Current Liabilities |
59,631,000 |
|
Inventories |
108,252,000 |
Long-term Liabilities |
96,999,000 |
|
Fixed Assets |
18,877,000 |
Other Liabilities |
1,698,000 |
|
Deferred Assets |
000 |
Total Liabilities |
158,328,000 |
|
Invest& other Assets |
000 |
Retained Earnings |
21,428,000 |
|
|
|
Net Worth |
22,331,000 |
|
Total Assets |
180,659,000 |
Total Liab. & Equity |
180,659,000 |
|
Total Assets (Previous Year) |
114,169,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1,311,613,000 |
Net Profit |
6,290,000 |
|
Sales(Previous yr) |
866,495,000 |
Net Profit(Prev.yr) |
3,922,000 |
MIRA
INFORM REPORT
|
Report Date : |
11.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
CPR DISTRIBUTORS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
|
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|
|
|
Country : |
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|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
13.11.1998 |
|
|
|
|
Com. Reg. No.: |
10-13162 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.0.903 Million |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51102MP1998PTC013162 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
BPLC00776G |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business : |
Marketers of consumer’s
electronics. |
|
|
|
|
No. of Employees : |
25
(Approximately) |
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 89000 |
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|
|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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|
|
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Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a 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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
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/ Corporate Office: |
|
|
Tel. No.: |
91-731-2390039 /
4092244 |
|
Fax No. : |
91-731-2361213 |
|
Email : |
|
|
Website : |
|
|
|
|
|
Showroom : |
·
13, Tel. : 91-731-2390039, 4092244 Fax : 91-731-2361213 ·
Navneet Darshan, Greater Tel :- 91-731-4064873 ·
Surya Sadhna, Survey No. 182/2/1, Tel :- 91-731-4282244, 4041144 |
DIRECTORS
As on 30.09.2009
|
Name : |
Mr. Ashish
Ravindra Raje |
|
Designation : |
Director |
|
Address : |
579/1/3, |
|
Date of Birth/Age : |
30.05.1964 |
|
Date of Appointment : |
13.11.1998 |
|
DIN No. : |
00095163 |
|
|
|
|
Name : |
Mr. Gaurav Pahwa |
|
Designation : |
Director |
|
Address : |
130, Jaora
Compound, |
|
Date of Birth/Age : |
25.06.1980 |
|
Date of Appointment : |
13.11.1998 |
|
DIN No. : |
00110622 |
|
|
|
|
|
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|
Name : |
Mr. Purshottam
Bootaram Chhabra |
|
Designation : |
Director |
|
Address : |
575/2, |
|
Date of Birth/ Age: |
10.12.1939 |
|
Date of Appointment : |
13.11.1998 |
|
DIN No. : |
00095194 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2009
|
Names of
Shareholders |
No. of Shares |
|
Ashish Raje S/O Ravindra Raje |
30087 |
|
Gaurav Pahwa
S/O |
30085 |
|
P. K. Chhabra
Late Shri Boota-Ramji Chhabra |
30091 |
|
Friends Combine |
1 |
|
Hemant
Enterprises |
1 |
|
Arora Timber
Trading Company |
1 |
|
Hemant Pahwa |
1 |
|
Neena pahwa |
1 |
|
Timber Trading
Company |
1 |
|
Subhash Pahwa |
1 |
|
Sanjay Chhabra |
1 |
|
Anita Pahwa |
1 |
|
Friends Combine |
1 |
|
Deepak Phwa |
1 |
|
Garima Pahwa |
1 |
|
Hemant Pahwa HUF |
1 |
Equity Share Breakup (Percentage of Total Equity)
AS ON : 30.09.2009
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Marketers of
consumer’s electronics. |
|
|
|
|
Brand Names : |
|
GENERAL INFORMATION
|
No. of Employees : |
25 (Approximately) |
|||||||||||||||||||||||||||||||||
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|
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|
Bankers : |
·
Dena
Bank ·
Union
Bank of ·
ICICI
Honda City Finance ·
HSBC
Bank, ·
HDFC
Bank Limited, HDFC Bank Houses Senapati Bapat Marg, Lower Parel (West), Mumbai
– 400 013, Maharashtra, India ·
Bank
of ·
State
Bank of ·
ICICI
Bank Limited, ·
ICICI
Bank Limited, 4, Ashok Nagar, ·
Bank
of Maharashtra, Godha Colony, |
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Facilities : |
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Banking Relations : |
-- |
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Auditors : |
|
|||||||||||||||||||||||||||||||||
|
Name : |
Amit Surana and
Company Chartered
Accountants |
|||||||||||||||||||||||||||||||||
|
Address : |
106, Trade House,
14/3, South Tukoganj, Opposite Hotel Surya, |
|||||||||||||||||||||||||||||||||
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Tel. No.: |
91-731-2526730 |
|||||||||||||||||||||||||||||||||
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E-Mail : |
amit_suranaca@yahoo.com
|
CAPITAL STRUCTURE
As on: 31.03.2010
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 |
|
|
|
|
|
|
90300 |
Equity Shares |
Rs. 10/-
each |
Rs.0.903
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 |
0.903 |
0.903 |
0.903 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
21.428 |
15.138 |
11.216 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
22.331 |
16.041 |
12.119 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
32.275 |
29.227 |
17.099 |
|
|
2] Unsecured Loans |
64.724 |
38.486 |
33.860 |
|
|
TOTAL BORROWING |
96.999 |
67.713 |
50.959 |
|
|
DEFERRED TAX LIABILITIES |
1.698 |
1.531 |
1.458 |
|
|
|
|
|
|
|
|
TOTAL |
121.028 |
85.285 |
64.536 |
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|
|
|
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|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
18.877 |
16.327 |
10.455 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
108.252
|
70.175
|
43.604
|
|
|
Sundry Debtors |
17.577
|
10.703
|
14.345
|
|
|
Cash & Bank Balances |
10.240
|
2.341
|
2.061
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
25.713
|
14.623
|
12.755
|
|
Total
Current Assets |
161.782
|
97.842
|
72.765
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
56.418
|
26.515
|
16.432
|
|
|
Provisions |
3.213
|
2.369
|
2.252
|
|
Total
Current Liabilities |
59.631
|
28.884
|
18.684
|
|
|
Net Current Assets |
102.151
|
68.958
|
54.081
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
121.028 |
85.285 |
64.536 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
|
|
INCOME FROM
OPERATIONS |
1311.613 |
866.495 |
723.752 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
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|
|
|
|
TOTAL (B) |
1293.686 |
854.372 |
712.837 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.927 |
12.123 |
10.915 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.887 |
4.330 |
5.160 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.040 |
7.793 |
5.755 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.976 |
1.389 |
1.233 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
9.064 |
6.404 |
4.522 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
2.774 |
2.482 |
1.875 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
6.290 |
3.922 |
2.647 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
71.51 |
43.43 |
29.31 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Net Profit Margin (PBT/Sales) |
(%) |
0.48
|
0.74
|
0.62
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.02
|
5.61
|
5.43
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40
|
0.40
|
0.37
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.01
|
6.02
|
5.75
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.71
|
3.39
|
3.89
|
LOCAL AGENCY FURTHER INFORMATION
working performance review:-
During the year total income of the company has increased from Rs.
866.495 Millions to Rs. 1311.613
Millions and resulting Profit of the company Rs. 6.290 Millions compare to Rs.
3.922 Millions of previous year. The directors are confident and trying hard to
increase the profitability during the current financial year with dedicated
efforts of the management.
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U51102MP1998PTC013162 |
|
Name of the
company |
Cpr Distributors
Private Limited |
|
Address of the
registered office or of the principal place of business in |
|
|
Type of charge |
Book Debts Movable property Floating charge |
|
Particular of charge
holder |
HDFC Bank
Limited, HDFC Bank Houses Senapati Bapat Marg, Lower Parel, West, Mumbai –
400 013, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Letter of
Hypothecation |
|
Date of instrument
Creating the charge |
31.05.2010 |
|
Amount secured by
the charge |
Rs. 50.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
: Interest at the rate
as may be communicated by the Bank from time to time. Terms of
Repayment : On demand Margin : Company shall at
all times during the continuance of this security maintain the said debts of a
sufficient amount to provide the margin of security as may from time to time
advised by the Bank. Extent and
Operation of the charge : Hypothecation by
way of First Charge on Company's Stocks, Book Debts etc., to secure as a
continuing security for the repayment of Rs.50.000 Millions, together with
interest, costs, charges, expenses and other moneys due and payable by the
Company to the Bank. |
|
Short particulars
of the property charged |
All the stock in
trade both present and future consisting of raw materials, finished goods,
goods in process of manufacturing and All the book-debts, outstanding monies
receivables, claims and bills which are now due and owing or which may at any
time hereafter during the continuance. |
fixed assets:-
· Air Conditioner
· Electric Equipment
· EPABX System
· Fax Machine
· Invertor
· Office Equipment
· Tea and Coffee Maker
· Auto
· Auto Bajaj
· Car Santro XL
· Car Santro Zoom
· Car Wagon R
· TVS Scooty
· Furniture and Fixtures
· Computer
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.44.73 |
|
|
1 |
Rs.73.20 |
|
Euro |
1 |
Rs.63.90 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
|
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.