MIRA
INFORM REPORT
|
Report Date : |
21.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
APPEAL FINVEST PRIVATE LIMITED |
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Registered Office : |
A/510-513, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
15.07.1996 |
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Com. Reg. No.: |
11-101034 |
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Paid-Up Capital : |
Rs. 0.100 Million |
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|
CIN No.: [Company
Identification No.] |
U65993MH1996PTC101034 |
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|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMA14091A |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Investment Company |
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No. of Employees : |
7 (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 240000 |
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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 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.
INFORMATION PARTED BY
|
Name : |
Mr. Satyendra Suvarna |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9819863404 |
LOCATIONS
|
Registered Office : |
A/510-513, |
|
Tel. No.: |
91-22-40775076 |
|
Mobile No.: |
91-9867624417 (Mr. Gurnamsingh Kohli) |
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Fax No.: |
91-22-26734619 |
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E-Mail : |
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|
Area : |
1300 sq. ft. |
|
Location : |
Owned |
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Branch: |
102, Andheri Universal Industrial Premises, Above Bank of |
|
Tel No.: |
91-22-40775076 |
DIRECTORS
As on 30.09.2010
|
Name : |
Mrs. Inder Kaur Kohli |
|
Designation : |
Director |
|
Address : |
Imur Co. Op Housing Society, Shahakar nagar, Andheri West, Mumbai-
400053, |
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Date of Birth/Age : |
15.03.1928 |
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Date of Appointment : |
22.02.2002 |
|
DIN No.: |
01185336 |
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 |
U65993MH1996PTC101034 |
Appeal
Finvest Private Limited |
Director |
22.02.2002 |
22.02.2002 |
- |
Active |
NO |
|
Name : |
Mr. Rakesh Amrutbhai Patel |
|
Designation : |
Director |
|
Address : |
Village Umarsai, taluka Pardi, District, Valsad, |
|
Date of Birth/Age : |
28.03.1978 |
|
Date of Appointment : |
16.11.2000 |
|
DIN No.: |
01485853 |
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 |
U65993MH1996PTC101034 |
Appeal
Finvest Private Limited |
Director |
16.11.2000 |
16.11.2000 |
- |
Active |
NO |
|
Name : |
Mr. Ishansingh Gurnamsingh Kohli |
|
Designation : |
Director |
|
Address : |
Nutan Laxmi Co. Op. Housing Society, Plot No. 52, S N Road No. 9,
Mumbai- 400049, Maharashtra, India. |
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Date of Birth/Age : |
07.02.1991 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
02627038 |
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 |
U65993MH1996PTC101034
|
Appeal
Finvest Private Limited |
Director
|
1.04.2009 |
1.04.2009 |
- |
Active
|
NO |
|
Name : |
Mr. Gurnamsingh Bhagatsingh Kohli |
|
Designation : |
Director |
|
Address : |
Imur Society, Flat No. 1, Ground Floor, Sahakar Road, Andheri (West),
Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
13.05.1957 |
|
Date of Appointment : |
01.10.2009 |
|
DIN No.: |
01485859 |
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 |
U65990MH1996PTC098254 |
Belief
Impex Private Limited |
Director |
29.04.1996 |
29.04.1996 |
- |
Active |
NO |
|
2 |
U24110MH2000PTC128609 |
High
Grade Industries (India) Private Limited |
Managing
director |
1.01.2008 |
1.01.2008 |
- |
Active |
NO |
|
3 |
U65993MH1996PTC101034 |
Appeal
Finvest Private Limited |
Director |
1.10.2009 |
1.10.2009 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Satyendra Suvarna |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Gurnamsingh B Kohli |
|
9900 |
|
Harleen Kohli |
|
100 |
|
Total |
|
10000 |
As on 30.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Investment Company |
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Imports : |
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Products : |
·
Chemicals |
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Countries : |
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Terms : |
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Selling : |
Credit: 90 Days |
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Purchasing : |
Credit: 30 Days |
GENERAL INFORMATION
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Suppliers : |
·
ICLIP – USA |
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Customers : |
·
OEM’s ·
Omkar Industries |
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No. of Employees : |
7 (approximately) |
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Bankers : |
·
Indian Bank – Oshiwara Branch, Mumbai,
Maharashtra, India. ·
HDFC Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
S. P. Jain and Company Chartered Accountant |
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Address : |
601, 6th Floor, |
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Tel. No.: |
91-22-24316201/02/24218129/24320931 |
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Fax No.: |
91-22-24218130 |
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E-Mail : |
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Pan No.: |
AAVFS8167P |
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Group Companies : |
·
Highgrade Industries India Private Limited ·
Belies Impex Private Limited |
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Associates/Subsidiaries : |
Address: A/510-513, Line of Business: Trader and Distributor
of Chemicals |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
60.801 |
21.677 |
13.349 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
60.901 |
21.777 |
13.449 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
2.605 |
5.885 |
5.885 |
|
|
TOTAL BORROWING |
2.605 |
5.885 |
5.885 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
63.506 |
27.662 |
19.334 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
70.823 |
27.538 |
19.482 |
|
|
DEFERRED TAX ASSETS |
2.504 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000
|
|
|
Sundry Debtors |
0.000
|
0.000
|
0.000
|
|
|
Cash & Bank Balances |
2.167
|
0.375
|
0.038
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
14.003
|
7.852
|
4.831
|
|
Total
Current Assets |
16.170
|
8.227
|
4.869
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000
|
0.000 |
|
|
Other Current Liabilities |
0.000
|
0.018
|
4.996
|
|
|
Provisions |
26.129
|
8.085
|
0.021
|
|
Total
Current Liabilities |
26.129
|
8.103
|
5.017
|
|
|
Net Current Assets |
(9.959)
|
0.124
|
(0.148)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.138 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
63.506 |
27.662 |
19.334 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
63.336 |
11.831 |
6.985 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
7.758 |
0.003 |
0.001 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
55.578 |
11.828 |
6.984 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
16.454 |
3.500 |
1.254 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
39.124 |
8.328 |
5.730 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
2.923 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
169.489 |
52.818 |
21.800 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3912.37 |
832.83 |
512.98 |
|
Solaris Chemicals
Corporation (Unit/Division of Appeal Finvest Private Limited)
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
388.500 |
Expected Sales (2011-12) : Rs. 420.000 Millions
The above information has been parted by Mr. Satyednra Suvarna
(Finance Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
61.77
|
70.39
|
82.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
241.95
|
143.77
|
143.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.91
|
0.54
|
0.52 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.47
|
0.64
|
0.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.62
|
1.02
|
0.97 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors: Not Available
Note:
The registered office of the company has been shifted from 102 Andheri
Universal Industries Premises Above Bank of India, Andheri (E), Mumbai –
400053, Maharashtra, India to the present address w.e.f 01.03.2010.
Contingent
Liability:
Contingnent liability for outstanding bank guarantees is Rs. 0.868
millions (previous year Rs. 1.206 millions)
Claim of income tax demand of Rs. 0.091 millions pending decision with
CIT (Appeal)
Trade References:
- Omkar Industries – Silvassa
- ICLIP – USA
SOLARIS CHEMICAL
CORPORATION (UNIT/DIVISION OF APPEAL FINVEST PRIVATE LIMITED)
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
3103.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
56.721 |
7.972 |
9.420 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
56.721 |
7.972 |
9.420 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
56.721 |
7.972 |
9.420 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.046 |
0.000 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
6.741
|
0.240 |
4.848 |
|
|
Sundry Debtors |
32.313
|
3.279 |
4.508 |
|
|
Cash & Bank Balances |
15.917
|
5.015 |
0.421 |
|
|
Other Current Assets |
1.233
|
0.198 |
0.148 |
|
|
Loans & Advances |
0.015
|
0.000 |
0.000 |
|
Total
Current Assets |
56.219
|
8.732 |
9.925 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2.544
|
0.760 |
0.629 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
2.544
|
0.760 |
0.629 |
|
|
Net Current Assets |
53.675
|
7.972 |
9.296 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.124 |
|
|
|
|
|
|
|
|
TOTAL |
56.721 |
7.972 |
9.420 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
3103.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
262.085 |
95.736 |
45.216 |
|
|
|
Other Income |
0.033 |
0.017 |
0.047 |
|
|
|
TOTAL (A) |
262.118 |
95.753 |
45.263 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of goods sold |
194.491 |
79.288 |
36.437 |
|
|
|
Freight outward |
0.355 |
0.761 |
0.311 |
|
|
|
Commission |
5.814 |
3.322 |
1.825 |
|
|
|
Loss on Hedging |
1.240 |
0.000 |
0.000 |
|
|
|
Salary and Bonus |
3.150 |
0.743 |
0.210 |
|
|
|
Audit Fees |
0.033 |
0.000 |
0.000 |
|
|
|
Advertisement Expenses |
0.000 |
0.012 |
0.000 |
|
|
|
Warehousing Charges |
0.131 |
0.134 |
0.023 |
|
|
|
Computer Expenses |
0.019 |
0.000 |
0.000 |
|
|
|
Conveyance Expenses |
0.146 |
0.052 |
0.036 |
|
|
|
Clearing and Forwarding Expenses |
0.034 |
0.000 |
0.000 |
|
|
|
Donation |
2.500 |
0.811 |
0.000 |
|
|
|
Electricity Charges |
0.147 |
0.000 |
0.000 |
|
|
|
Godown Rent |
0.275 |
0.239 |
0.074 |
|
|
|
Late Delivery Charges |
0.331 |
0.001 |
0.000 |
|
|
|
Miscellaneous Expenses |
0.015 |
0.001 |
0.001 |
|
|
|
Membership Subscription |
0.008 |
0.000 |
0.000 |
|
|
|
Office Expenses |
0.041 |
0.001 |
0.000 |
|
|
|
Postate and Telegrame |
0.001 |
0.000 |
0.004 |
|
|
|
Printing and Stationery |
0.038 |
0.001 |
0.055 |
|
|
|
Professional Charges |
0.084 |
0.094 |
0.039 |
|
|
|
Replacement Material |
0.000 |
0.000 |
0.210 |
|
|
|
Repair and Maintenance |
0.305 |
0.372 |
0.288 |
|
|
|
Rates and Taxes |
0.002 |
0.000 |
0.004 |
|
|
|
Recruitment Expenses |
0.000 |
0.007 |
0.000 |
|
|
|
Registration Fees |
0.000 |
0.020 |
0.000 |
|
|
|
Sales Promotion |
0.054 |
0.001 |
0.000 |
|
|
|
Sample Expenses |
0.033 |
0.010 |
0.012 |
|
|
|
Staff Welfare |
0.113 |
0.006 |
0.000 |
|
|
|
Seminar Expenses |
0.250 |
0.000 |
0.000 |
|
|
|
Telephone Charges |
0.148 |
0.008 |
0.004 |
|
|
|
Travelling Expenses |
0.172 |
0.094 |
0.039 |
|
|
|
Testing Charges |
0.042 |
0.015 |
0.000 |
|
|
|
Tender Fees |
0.006 |
0.001 |
0.000 |
|
|
|
Vehicle Expenses |
0.028 |
0.000 |
0.000 |
|
|
|
Insurance Charges |
0.153 |
0.080 |
0.000 |
|
|
|
TOTAL (B) |
210.159 |
86.074 |
39.572 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
51.959 |
9.679 |
5.691 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.459 |
0.228 |
0.121 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
51.500 |
9.451 |
5.570 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.071 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
51.429 |
9.451 |
5.570 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
3103.2008 |
|
PAT / Total Income |
(%) |
19.62
|
9.87 |
12.31 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
19.62
|
9.87 |
12.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
86.78
|
108.23 |
56.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.91
|
1.19 |
0.59 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.04
|
0.09 |
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
22.09
|
11.49 |
15.78 |
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.48.22 |
|
|
1 |
Rs.75.63 |
|
Euro |
1 |
Rs.65.64 |
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 |
NO |
|
--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 |
YES |
|
--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.