1. Summary Information
|
|
|
Country |
India |
|
Company Name |
PARAM WOOD MOULDING PRIVATE LIMITED |
Principal Name 1 |
Mr. Paresh Hansraj Satra |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Ketan Hansraj Satra |
|
|
|
Registration # |
11-142769 |
|
Street Address |
61/13, Bhavna Building., N. S. Road No. 1, Vile Parle (West),
Mumbai-400056, Maharashtra, India |
||
|
Established Date |
20.10.2003 |
SIC Code |
-- |
|
Telephone# |
91-22-65047228 / 26100817 |
Business Style 1 |
Manufacturer |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Finished Wooden
Moulding |
|
|
# of employees |
Not available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.4,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors (50.00%) Other top fifty shareholders (50.00%) |
Banking |
Patam Co-operative Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
9 years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
9,322,000 |
Current Liabilities |
1,094,000 |
|
Inventories |
7,733,000 |
Long-term Liabilities |
3,068,000 |
|
Fixed Assets |
2,819,000 |
Other Liabilities |
857,000 |
|
Deferred Assets |
268,000 |
Total Liabilities |
5,019,000 |
|
Invest& other Assets |
339,000 |
Retained Earnings |
11,462,000 |
|
|
|
Net Worth |
15,462,000 |
|
Total Assets |
20,481,000 |
Total Liab. & Equity |
20,481,000 |
|
Total Assets (Previous Year) |
20,997,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
16,672,000 |
Net Profit |
815,000 |
|
Sales(Previous yr) |
20,644,000 |
Net Profit(Prev.yr) |
1,048,000 |
MIRA
INFORM REPORT
|
Report Date : |
25.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
PARAM WOOD MOULDING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
61/13, Bhavna Building., N. S. Road No. 1, Vile Parle (West),
Mumbai-400056, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.10.2003 |
|
|
|
|
Com. Reg. No.: |
11-142769 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.4.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U20299MH2003PTC142769 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP18632F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCP0680K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Finished Wooden Moulding |
|
|
|
|
No. of
Employees: |
Not Available |
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 61000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to be
usually correct and as per commitments. 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
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 : |
61/13, Bhavna Building., N. S. Road No. 1, Vile Parle (West),
Mumbai-400056, Maharashtra, India |
|
Tel No. |
91-22-65047228 / 26100817 |
|
Fax No. : |
91-22-26100817 / 2244663 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
11, Modem Industrial Estate, Zari Causeway Road, Kanchigam, Nani
Daman-396210, Maharashtra, India |
|
Tel. No.: |
91-260-2244663 / 26100817 / 3296500 |
|
E-Mail : |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Paresh Hansraj Satra |
|
Designation : |
Director |
|
Address : |
61/13, Bhavna Building., N. S. Road No. 1, Vile Parle (West),
Mumbai-400056, Maharashtra, India |
|
Date of Birth/Age : |
22.12.1970 |
|
Date of Appointment : |
20.10.2003 |
|
DIN No. : |
00082147 |
|
|
|
|
Name : |
Mr. Ketan Hansraj Satra |
|
Designation : |
Director |
|
Address : |
702, A Wing, Green acre Building, Gulmohar Cross Road, JVPD Scheme,
Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
26.03.1969 |
|
Date of Appointment : |
20.10.2003 |
|
DIN No. : |
001934836 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
Ketan Hansraj Satra |
|
100000 |
|
Paresh Hansraj Satra |
|
100000 |
|
Vaibhav Jitendra Gandhi |
|
100000 |
|
Ankit Dipak Shah |
|
100000 |
|
|
|
|
|
Total |
|
400000 |
Equity Share Breakup
(AS ON 30.09.2011)
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
50.00 |
|
Other top fifty shareholders |
|
50.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Finished Wooden Moulding |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Wood Moulding |
Meters |
Not Applicable |
960000 P A |
206780.71 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
Patam Co-operative Bank Limited, Rasik Nivas, 75, Patan Jain Mandal
Marg, Marine Drive, Mumbai-400020, Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
in millions)
(Rs.
in millions)
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bansal Bansal and Company Charetred Accounatnt |
|
Address : |
132, Sanjay building No.6, Mittal Industrial Estate, Andheri Kurla
Road, Andheri (East), Mumbai-400059, Maharashtra, India |
|
Tel. No.: |
91-22-28507815 / 66923607 |
|
Fax No.: |
91-22-28507816 |
|
E-Mail : |
|
|
Income-tax PAN of auditor or auditor’s firm : |
AABFB5224E |
CAPITAL STRUCTURE
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Share |
Rs.10/- each |
Rs.4.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Share |
Rs.10/- each |
Rs.4.000
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
4.000 |
4.000 |
4.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
11.462 |
10.647 |
9.599 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
15.462 |
14.647 |
13.599 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.028 |
2.740 |
4.780 |
|
|
2] Unsecured Loans |
0.040 |
0.040 |
0.040 |
|
|
TOTAL BORROWING |
3.068 |
2.780 |
4.820 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
18.530 |
17.427 |
18.419 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.819 |
3.254 |
3.433 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.321 |
0.306 |
0.165 |
|
|
DEFERREX TAX ASSETS |
0.268 |
0.294 |
0.368 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7.733
|
8.528 |
12.267 |
|
|
Sundry Debtors |
5.381
|
3.981 |
2.812 |
|
|
Cash & Bank Balances |
1.562
|
2.815 |
1.513 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
2.379
|
1.791 |
2.177 |
|
Total
Current Assets |
17.055
|
17.115 |
18.769 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
0.692
|
1.960 |
1.337 |
|
|
Other Current Liabilities |
0.402
|
0.739 |
1.977 |
|
|
Provisions |
0.857
|
0.871 |
1.037 |
|
Total
Current Liabilities |
1.951
|
3.570 |
4.351 |
|
|
Net Current Assets |
15.104
|
13.546 |
14.418 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.018 |
0.027 |
0.035 |
|
|
|
|
|
|
|
|
TOTAL |
18.530 |
17.427 |
18.419 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
16.672 |
20.644 |
24.073 |
|
|
|
Other Income |
0.206 |
0.699 |
0.083 |
|
|
|
Increase / (Decrease) in closing stock |
(0.795) |
(3.739) |
4.834 |
|
|
|
TOTAL |
16.083 |
17.604 |
28.990 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
15.052 |
16.275 |
26.975 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
15.052 |
16.275 |
26.975 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.031 |
1.329 |
2.015 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.216 |
0.281 |
0.669 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
0.815 |
1.048 |
1.346 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
0.815 |
1.048 |
1.346 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B Value |
7.351 |
11.630 |
14.802 |
|
|
TOTAL EARNINGS |
7.351 |
11.630 |
14.802 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
C.I.F Value |
6.481 |
6.145 |
1.052 |
|
|
TOTAL IMPORTS |
6.481 |
6.145 |
1.052 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.03 |
2.62 |
3.36 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.07
|
5.95 |
4.64 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.18
|
6.44 |
8.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.19
|
6.52 |
9.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.09 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.32
|
0.43 |
0.67 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.74
|
4.79 |
4.31 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
During the year,
the Company has earned a profit of Rs. 0.815 million compared to the Profit of
Rs. 1.048 millions earned during the previous year. The company has earned Rs. 16.672
millions as sales and Rs. 0.206 million as other income however the total
expenditure has amounted to Rs. 15.052 millions. The resulting profit of Rs.
0.815 million has been transferred to the Balance Sheet.
CONTINGENT
LIABILITIES:
Bank guarantees outstanding Rs.0.945 millions (Previous Year Rs.1.299
millions)
FORM 8:
|
Corporate identity number of the company |
U20299MH2003PTC142769 |
|
Name of the company |
PARAM WOOD MOULDING PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
61/13, Bhavna Building., N. S. Road No. 1, Vile Parle (West),
Mumbai-400056, Maharashtra, India E-Mail Id: paramwoods@yahoo.co.in
|
|
This form is for |
Modification of charge |
|
Charge identification number of the charge
to be modified |
90359862 |
|
Type of charge |
Book Debts Movable property (not being pledge) |
|
Particular of charge holder |
Patam Co-operative Bank Limited, Rasik Nivas, 75, Patan Jain Mandal
Marg, Marine Drive, Mumbai-400020, Maharashtra, India E-Mail Id: paramwoods@yahoo.co.in
|
|
Nature of instrument creating charge |
Supplemental Deed of Hypothecation |
|
Date of instrument Creating the charge |
17.05.2010 |
|
Amount secured by the charge |
Rs.11.365 millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
a)
Rate
of Interest 14% P.A. with monthly rests b)
Terms
of Repayment Cash Credit: on demand Letter of Credit: on due date c)
Margin 25% against stocks and 25%
against book debts d)
Extent
and operation of the charge Charge is operational till the
repayment of entire amount of loan including interest and charges, if any. |
|
Short Particulars of the property charged |
i)
All
tangible moveable machineries and plant, both present and future. ii)
All tangible
moveable properties ans assets other than movable and uninstalled machines.
Including all stocks of raw material, spare parts and components. iii)
book
debts (present and future) |
|
Date of instrument modifying the charge |
10.03.2006 |
|
Particulars of the present modification |
The overall facility has been revised as
follows: 1. Cash Credit: Rs. 4.500 millions 2. Bank Guarantee: Rs.0.865 million 3. Letter of Credit: Rs. 6.000
millions Aggregating Rs.11.365
millions |
FIXED ASSETS:
·
Factory Building
·
Plant and Machinery
·
Computer
·
Furniture and Fixture
·
Water Purifier
·
Motor Car
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.52.25 |
|
|
1 |
Rs.81.22 |
|
Euro |
1 |
Rs.69.82 |
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 |
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.