MIRA
INFORM REPORT
|
Report Date : |
17.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
AYRTON AGENCIES PRIVATE LIMITED |
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Registered
Office : |
535, Kanta Terace, Kalbadevi Road, Mumbai-400002, Maharashtra. |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
08.11.1991 |
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Com. Reg. No.: |
11-063945 |
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Capital Investment
/ Paid-up Capital : |
Rs.1.000 million |
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CIN No.: [Company Identification
No.] |
U51900MH1991PTC063945 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter, Wholesaler and Supplier of corporate gifts. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 107000 |
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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 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 dealing. 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 |
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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 : |
535, Kanta Terrace, Kalbadevi Road, Mumbai-400002, Maharashtra India |
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Tel. No.: |
91-22-22012902 |
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E-Mail : |
DIRECTORS
(AS ON 30.09.2010)
|
Name : |
Mr. Hoshedar Nariman Confectioner |
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Designation : |
Managing Director |
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Address : |
Room No.3 B- wing, Ground Floor, Band View CHS, L.J Road, Farsi
Colony, Naigaon, Dadar, Mumbai-400014, Maharashtra, India |
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Date of Birth/Age : |
31.08.1951 |
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Date of Appointment : |
08.11.1991 |
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DIN NO : |
08174358 |
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Name : |
Mrs. Farida Hoshedar Confectioner |
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Designation : |
Director |
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Address : |
Room No.3 B- wing, Ground Floor, Band View CHS, L.J Road, Farsi
Colony, Naigaon, Dadar, Mumbai-400014, Maharashtra, India. |
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Date of Birth/Age : |
25.11.1957 |
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Date of Appointment : |
08.11.1991 |
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DIN NO : |
02381976 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2010 )
|
Names of Shareholders |
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No. of Shares |
|
Hoshedar N Confectioner |
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7000 |
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Farida H Confectioner |
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3000 |
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Total |
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10000 |
(AS ON 30.09.2010)
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Directors or relatives of directors |
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100.00 |
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Total
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|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter, Wholesaler and Supplier of corporate gifts. |
GENERAL INFORMATION
|
Suppliers : |
·
Ernest J.Ayrton and Co. ·
Jayshree Clg Fwdg and Spg agents Private Limited ·
New (India) Imaging Industries Private Limited ·
Suyash Paper Converting Industries |
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Customers : |
·
Aditya Brila Retail Limited (Baroda) ·
Agrawal Brothers ·
Alpha Agencies ·
Alpha Stationers(Banglore) ·
Anjali International |
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No. of Employees : |
Not Available |
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Bankers : |
·
Bank of India Kalbadevi Branch, Round Building,
Shamaldas Gandhi Marg, Kalbadevi Mumbai-400002, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
A.M. Shah and Associates Chartered Accountant |
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Address : |
314- Marine Chambers, 43- Sir Vithaldas T. Marg, (New Marine Lines) Mumbai-400020,
Maharashtra, India. |
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Tel. No.: |
91-22-22067288 |
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Fax No.: |
91-22-22010981 |
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\
CAPITAL STRUCTURE
As On 30.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
25000 |
Equity Shares |
Rs.100/- each |
Rs. 2.500 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Share |
Rs, 100/-
each |
Rs.1.00
millions |
Note:10000 Equity shares of Rs. 100/- each fully paid up (Out of above
8000 Equity shares have been issued as fully paid up Bonus Shares by
capitaliasation General Reserve)
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 |
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|
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1] Share Capital |
1.000 |
1.000 |
1.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
25.977 |
21.958 |
19.811 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
26.978 |
22.958 |
20.811 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
3.649 |
1.449 |
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2] Unsecured Loans |
5.831 |
4.672 |
6.839 |
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TOTAL BORROWING |
5.831 |
8.321 |
8.287 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
32.808 |
31.279 |
29.098 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.821 |
2.132 |
2.557 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
21.434
|
24.930 |
24.753 |
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Sundry Debtors |
11.475
|
9.460 |
10.143 |
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Cash & Bank Balances |
5.367
|
0.062 |
0.073 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
6.280
|
5.312 |
8.641 |
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Total
Current Assets |
44.576
|
39.764 |
43.610 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
8.347
|
5.343 |
12.403 |
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Other Current Liabilities |
1.022
|
1.048 |
0.662 |
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Provisions |
4.200
|
4.226 |
4.003 |
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Total
Current Liabilities |
13.569
|
10.617 |
17.068 |
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Net Current Assets |
30.987
|
29.147 |
26.542 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
32.808 |
31.279 |
29.098 |
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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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SALES |
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Income |
73.000 |
64.090 |
71.032 |
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Other Income |
NA |
NA |
NA |
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TOTAL |
NA |
NA |
NA |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) |
6.138 |
4.145 |
4.059 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.527 |
0.603 |
0.666 |
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PROFIT BEFORE
TAX (E-F) |
5.611 |
3.542 |
3.393 |
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Less |
TAX |
1.800 |
1.423 |
1.348 |
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PROFIT AFTER TAX
(G-I) |
3.811 |
2.119 |
2.045 |
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Earnings Per
Share (Rs.) |
381.1 |
- |
- |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Net Profit Margin (PBT/Sales) |
(%) |
7.69
|
5.53 |
4.78 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
12.09
|
8.45 |
7.35 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.15 |
0.16 |
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Debt Equity Ratio (Total Liability/Networth) |
|
0.71
|
0.82 |
1.25 |
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Current Ratio (Current Asset/Current Liability) |
|
3.28
|
3.74 |
2.56 |
LOCAL AGENCY FURTHER INFORMATION
PERFOMANCE AND
PROSPECTUS
The higher sales and control over expenses
enabled the company to earn higher pre-tax profit for the year. The total sales
for the year was Rs.73.000 millions as against Rs. 64.090 millions in last
year, an increase of about 14%. The pre-tax profit was up by 58% compared to
previous year. The company earned a pre-tax profit of Rs. 5.611 millions as
against Rs. 3.543 million a year ago.
Efforts are being made to increase the volume,
keeping emphasis on marketing or sales added products.
FORM 8
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U51900MH1991PTC063945 |
|
Name of the
company |
ARYTON AGENCIES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Kanta Terace,
Kalbadevi Road, Mumbai-400002, Maharashtra, India |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Bank of India Kalbadevi Branch, Round Building,
Mumbai-400002, Maharashtra India Email Id-boikalbadevi@mini.net.in |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement of
Hypothecation of Plant and Machinery, Stocks and Book Debts. |
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Date of
instrument Creating the charge |
30.04.2008 |
|
Amount secured by
the charge |
Rs.8.500 millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of interest 2% over BPLR Min.14.75% Per Annum with
monthly rests or as notified by the Bank from time to time Terms of repayment Demand Margin 25% against raw material, finished goods,
40%against book debts outstanding for 2 or 3 months or as specified by Bank
from time to time Extent and operation of the charge Security in favor of Banks as first charge
for due payment of all monies including the principal
sums/interest/commission, costs, charges and expenses and all other moneys,
whatsoever due owing and payable by the borrower to Bank under or in respect
of or in connection with or in anywise concerning or relating to the said
facilities agreed to be granted and/or granted by the Bank to the borrower as
aforesaid and also for due repayment of all present and future. Others *indebentures and liabilities of the
borrower to the bank of any kind manner whether solely or jointly, primary or
collateral, accured or accuring with relative interest/commission, charges,
costs, (between Advocate and client) and expenses. Fcility and limit: 1.CC- Hypothecation. of
stocks Rs 3.500 millions; 2. CC- Hypothecation of Book debts Rs.5.000
millions; Max Rs.8.500 millions. |
|
Short particulars
of the property charged |
a) All tangible
movable machines and plant, both present and future b) All tangible movable
propertise and assets of whatsoever nature of the Borrower both present and future
whatsoever situate at Mumbai and Bhiwadi or elsewhere c) All present and
future book debts, outstanding, money receviables, claims, bills which are
now due and owing or which may any time hereafter during the continuance of
this security become due and owing to the Borrower. |
FIXED ASSETS
·
Air Conditioners
·
Computer System
·
Dies
·
Epabx System
·
Fax Machine
·
Furniture and Fixtures
·
Mobile Phone
·
Paper Shredder
·
Shrink Package System
·
Opel Swing Car
·
Toyota Corrola Car
·
Tea Coffee Vending Machine
·
Telephone Answering Machine
·
Water Dispenser System
·
Barcode Printer
·
Motor Cycle
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.49.07 |
|
|
1 |
Rs.77.42 |
|
Euro |
1 |
Rs.67.72 |
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 |
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 |
|
46 |
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.