Business
information report
1. Summary Information
|
|
|
Country |
|
|
Company Name |
DILIPKUMAR AND COMPANY |
Principal Name 1 |
Mr. Dilip S. Zaveri |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Paras D. Zaveri |
|
|
|
Registration # |
---- |
|
Street Address |
606, 6th Floor, Arun Chambers, |
||
|
Established Date |
01.04.1992 |
SIC Code |
--- |
|
Telephone# |
91-22-23540021/22 |
Business Style 1 |
Trader |
|
Fax # |
91-22-25540023 |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Pharmaceutical Raw Material |
|
|
# of employees |
15 (approximately) |
Product Name 2 |
Animal Feed Supplements |
|
Paid up capital |
Rs. 50,000,000/- |
Product Name 3 |
--- |
|
Shareholders |
-- |
Banking |
Citi Bank |
|
Public Limited Corp. |
NO |
Business Period |
19 years |
|
IPO |
NO |
International Ins. |
---- |
|
Public |
NO |
Rating |
Ba
(49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Sister Concern |
|
Dilipkumar Healthcare Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
-- |
Current Liabilities |
-- |
|
Inventories |
-- |
Long-term Liabilities |
-- |
|
Fixed Assets |
-- |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
-- |
|
Invest & other Assets |
-- |
Retained Earnings |
-- |
|
|
|
Net Worth |
-- |
|
Total Assets |
-- |
Total Liabilities & Equity |
-- |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
550,000,000 |
Net Profit |
-- |
|
Sales(Previous year) |
454,986,000 (Provisional) |
Net Profit
(Previous year) |
12,839,000 |
MIRA
INFORM REPORT
|
Report Date : |
24.05.2011 |
Note:
The Registered Office has been shifted from 455, Kalbadevi
Road, Chikal House, 1st Floor, Mumbai-400 002, Maharashtra, India to
606, 6th Floor, Arun Chambers, Tardeo Main Road, Mumbai-400034,
Maharashtra, India
IDENTIFICATION DETAILS
|
Name : |
DILIPKUMAR AND COMPANY |
|
|
|
|
Registered
Office : |
606, 6th Floor, Arun Chambers, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
incorporation : |
01.04.1992 |
|
|
|
|
Capital
Investment : |
Rs. 50.000 Millions (Estimated) |
|
|
|
|
TAN No.: (Tax Deduction &
Collection Account No.) |
MUMD04036E |
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|
|
|
IEC
No. : |
0388077051 |
|
|
|
|
PAN No.: (Permanent Account No.) |
AAAFD0923D |
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|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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|
|
|
Line of Business
: |
Trader and Importer of Pharmaceutical Raw Material and Animal Feed
Supplements. |
|
|
|
|
No. of Employees
: |
15 (approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 200000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established partnership 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 – 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 |
INFORMATION PARTED BY
|
Name : |
Mr. Amit More |
|
Designation : |
Accountant |
|
Date : |
23.05.2011 |
LOCATIONS
|
Registered
Office : |
606, 6th Floor, Arun Chambers, |
|
Tel. No.: |
91-22-23540021/22 |
|
Mobile No.: |
91-9833283583 (Mr. Amit More) |
|
Fax No.: |
91-22-25540023 |
|
E-Mail : |
|
|
Website : |
http://www.dilipkumarandco.com |
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Manish Compound, Building No. 3, Godown No. 2, Ground Floor, Rahanal,
District Thane, |
|
Area : |
3000 Sq.fts |
|
Location : |
Rented |
PARTNERS
|
Name : |
Mr. Dilip S. Zaveri |
|
Designation : |
Partner |
|
Address : |
602 Zahra, |
|
Age : |
62 years |
|
Qualifications : |
B. Com |
|
|
|
|
Name : |
Mr. Paras D. Zaveri |
|
Designation : |
Partner |
|
Address : |
Worli, Mumbai-400018, |
|
Age : |
37 years |
|
Qualifications : |
MBA Finance from |
|
|
|
|
Name : |
Mr. Pankaj S. Zaveri |
|
Designation : |
Partner |
|
Address : |
3/B/8 |
|
Age : |
59 years |
|
Qualifications : |
B.Com |
|
|
|
|
Name : |
Mr. Dhaval P. Zaveri |
|
Designation : |
Partner |
|
Address : |
Tardeo, Mumbai-400007, |
|
Age : |
25 years |
|
Qualifications : |
BMA |
BUSINESS DETAILS
|
Line of Business
: |
Trader and Importer of Pharmaceutical Raw Material and Animal Feed
Supplements. |
|
|
|
|
Products : |
Pharma Bulk Drugs and Animal Feed supplements |
|
|
|
|
Agencies held : |
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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 : |
Credit: 30 Days |
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|
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Purchasing : |
Credit: 30 Days |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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|
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No. of Employees
: |
15 (approximately) |
|
|
|
|
Bankers : |
|
|
|
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Facilities : |
CC and L.C and Buyer Credit: Rs. 100.000 Millions (Citi Bank) |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Hamendra and Pradip Chartered Accountants |
|
Address : |
402, Chartered House, 293/299, Dr. C. H. Street, Marine Lines,
Mumbai-400 002, Maharashtra, India |
|
Tel. No.: |
91-22-22005241 / 22005241 |
|
Email : |
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|
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Memberships : |
|
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|
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Sister Concern : |
Address: 455, Kalbadevi Road, Chikhal House, 3rd Floor,
Mumbai – 400002, Activity: Indenting Agents
Address: 455, Kalbadevi Road, Chikhal House, 3rd Floor,
Mumbai – 400002, Activity: Trader of Chemicals
|
CAPITAL STRUCTURE
As on 31.03.2011
|
Capital Investment : |
|
|
Owned : |
Rs. 50.000 Millions (Estimated) |
|
Borrowed : |
-- |
|
Total : |
Rs. 50.000 Millions (Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover |
|
|
550.000 |
|
|
|
|
|
Expected Sales (2011-12) : Rs. 650.000 Millions
The above information has been parted by Mr. Amit More
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 (Provisional) |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner’s Capital |
56.373 |
57.157 |
34.190 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
12.839 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
69.212 |
57.157 |
34.190 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
27.194 |
24.866 |
26.342 |
|
|
2] Unsecured Loans |
24.238 |
1.100 |
3.675 |
|
|
TOTAL BORROWING |
51.432 |
25.966 |
30.017 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
120.644 |
83.123 |
64.207 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
17.909 |
1.724 |
2.012 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
8.561 |
36.812 |
3.151 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
56.035
|
50.006 |
30.981 |
|
|
Sundry Debtors |
100.401
|
70.110 |
59.545 |
|
|
Cash & Bank Balances |
1.485
|
0.554 |
1.520 |
|
|
Other Current Assets |
19.545
|
16.303 |
7.274 |
|
|
Loans & Advances |
0.442
|
0.308 |
(0.005) |
|
Total
Current Assets |
177.908
|
137.281 |
99.315 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
67.677
|
76.637 |
31.339 |
|
|
Provisions |
16.057
|
16.057 |
8.932 |
|
Total
Current Liabilities |
83.734
|
92.694 |
40.271 |
|
|
Net Current Assets |
94.174
|
44.587 |
59.044 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
120.644 |
83.123 |
64.207 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2010 (Provisional) |
31.03.2009 |
31.03.2008 |
|
|
Sales Turnover |
454.986 |
423.345 |
392.424 |
|
|
Other Income |
0.825 |
1.359 |
0.339 |
|
|
General Income |
56.035 |
0.000 |
0.000 |
|
|
Total Income |
543.077 |
424.704 |
392.763 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
12.839 |
22.863 |
16.318 |
|
|
Provision for Taxation |
0.000 |
8.000 |
6.370 |
|
|
Profit/(Loss) After Tax |
12.839 |
14.863 |
9.948 |
|
|
|
|
|
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Expenditures : |
|
|
|
|
|
|
Cost of Goods Sold |
427.739 |
370.953 |
352.423 |
|
|
Administrative Expenses |
7.068 |
19.698 |
14.887 |
|
|
Interest on Fixed Capital |
0.000 |
4.657 |
3.203 |
|
|
Selling & Distribution Expenses |
5.037 |
6.242 |
5.437 |
|
|
Depreciation & Amortization |
2.353 |
0.389 |
0.495 |
|
|
General Expenses |
50.006 |
0.000 |
0.000 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 (Provisional) |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.36
|
3.50 |
2.53 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.82
|
5.40 |
4.16 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.56
|
16.45 |
15.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.40 |
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.95
|
2.08 |
2.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.12
|
1.48 |
2.47 |
LOCAL AGENCY FURTHER INFORMATION
Nil
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.45.28 |
|
|
1 |
Rs.73.30 |
|
Euro |
1 |
Rs.63.61 |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
49 |
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.