MIRA INFORM REPORT
|
Report Date : |
23.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
MANORATH MARKETING PRIVATE LIMITD |
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Registered
Office : |
47/1A, |
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Country : |
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Financials (as
on) : |
31.03.2008 |
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Date of
Incorporation : |
01.10.2007 |
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Com. Reg. No.: |
21-119118 |
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Capital
Investment/ Paid-up Capital: |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U51109WB2007PTC119118 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
To carry on business as Distributors, Agents, Traders, Merchants,
Contractors, Brokers and Otherwise deal in merchandise and articles of all kinds
including clearing agent, freight contractors, forwarding agents, licensing
agents, general brokers and to carry on any kind of commercial, financial
agency business. |
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|
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No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
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Comments : |
Inspite of several efforts we were unable to contact the subject
company. Therefore, the report is based on details available with the registrar
of companies. Subject is a company having moderate track. The management has not
filed the financials of the company with the government departments after the
year 2008. Payment terms are unknown. The company can be considered for business dealings on a secured 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
|
Registered Office : |
47/1A, |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
As on 27.09.2008
|
Name : |
Mr. Anup Kumar Jain |
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Designation : |
Director |
|
Address : |
Samiran |
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Date of Birth/Age : |
14.07.1984 |
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Date of Appointment : |
13.11.2007 |
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DIN NO: |
01824699 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation
of the director |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U51109WB2007PTC119118 |
Manorath Marketing Private Limited |
Director |
13/11/2007 |
13/11/2007 |
- |
Active |
NO |
|
2 |
U51109WB2007PTC117702 |
Glory Barter Private Limited |
Additional director |
10/12/2008 |
10/12/2008 |
- |
Active |
|
|
3 |
U51109WB2007PTC119117 |
Sahaj Distributors Private Limited |
Director |
12/10/2009 |
12/10/2009 |
21/10/2010 |
Active |
NO |
|
4 |
U51109WB2007PTC119116 |
Laurel Suppliers Private Limited |
Additional director |
1/4/2010 |
1/4/2010 |
- |
Active |
|
|
5 |
U27109WB2004PTC099216 |
Sangeeta Ispat Private Limited |
Director |
30/09/2010 |
21/05/2010 |
6/12/2010 |
Active |
NO |
|
Name : |
Mr. Arjun Kumar Yadav |
|
Designation : |
Director |
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Address : |
30/605, |
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Date of Birth/Age : |
03.03.1979 |
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Date of Appointment : |
14.12.2007 |
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DIN NO: |
01915443 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 27.09.2008)
|
Names of Shareholders |
|
No. of Shares |
|
Basant KR Bihany |
|
5000 |
|
Ashok Chaudhuri |
|
5000 |
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Total |
|
10000 |
Equity Share Break up (Percentage of Total Equity)
(AS ON 27.09.2008)
|
Category |
|
Percentage |
|
Other top fifty shareholders |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To carry on business as Distributors, Agents, Traders, Merchants,
Contractors, Brokers and Otherwise deal in merchandise and articles of all
kinds including clearing agent, freight contractors, forwarding agents,
licensing agents, general brokers and to carry on any kind of commercial,
financial agency business. |
GENERAL INFORMATION
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Bankers : |
Bank of |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
P Mishra and Associates Chartered Accountants |
|
Address : |
234 A, |
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PAN No.: |
ASMPM8939P |
CAPITAL STRUCTURE
As on 31.03.2008
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Share |
Rs.10/- each |
Rs. 0.200 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Share |
Rs.10/- each |
Rs. 0.100
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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|
0.100 |
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2] Share Application Money |
|
|
0.034 |
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3] Reserves & Surplus |
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|
0.000 |
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4] (Accumulated Losses) |
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|
0.000 |
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NETWORTH |
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|
0.134 |
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LOAN FUNDS |
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1] Secured Loans |
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|
0.000 |
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2] Unsecured Loans |
|
|
0.000 |
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TOTAL BORROWING |
|
|
0.000 |
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DEFERRED TAX LIABILITIES |
|
|
0.000 |
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|
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TOTAL |
|
|
0.134 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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|
0.000 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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|
24.545 |
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Cash & Bank Balances |
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|
0.063 |
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Other Current Assets |
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|
0.000 |
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Loans & Advances |
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|
0.000 |
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Total
Current Assets |
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24.608 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditor |
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Other Current Liabilities |
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24.484 |
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|
Provisions |
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|
0.000 |
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Total
Current Liabilities |
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|
24.484 |
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Net Current Assets |
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|
0.124 |
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MISCELLANEOUS EXPENSES |
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|
0.010 |
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TOTAL |
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0.134 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2008 |
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SALES |
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Income |
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23.602 |
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Other Income |
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0.000 |
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TOTAL |
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23.602 |
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Less |
EXPENSES |
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Office Expenses |
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23.551 |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
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23.551 |
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PROFIT BEFORE
TAX |
|
|
0.051 |
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Less |
TAX |
|
|
0.016 |
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PROFIT AFTER TAX |
|
|
0.035 |
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Earnings Per
Share (Rs.) |
|
|
3.50 |
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KEY RATIOS
|
PARTICULARS |
|
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|
31.03.2008 |
|
PAT / Total Income |
(%) |
|
|
0.14 |
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Net Profit Margin (PBT/Sales) |
(%) |
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0.21 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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0.20 |
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Return on Investment (ROI) (PBT/Networth) |
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0.38 |
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Debt Equity Ratio (Total Liability/Networth) |
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|
182.71 |
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Current Ratio (Current Asset/Current Liability) |
|
|
|
1.00 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The Registered Office of the company has been shifted from 33/1,
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.52.70 |
|
|
1 |
Rs.82.44 |
|
Euro |
1 |
Rs.71.08 |
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.