MIRA
INFORM REPORT
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Report Date : |
26.09.2011 |
IDENTIFICATION DETAILS
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Name : |
ANE BOOKS PRIVATE LIMITED |
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Registered
Office : |
4821, 1ST Floor, Parwana Bhawan, 24, Ansari Road, Darya
Ganj, New Delhi, Delhi – 110002 |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
18.07.2008 |
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Com. Reg. No.: |
55-181037 |
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Capital
Investment / Paid-up Capital : |
Rs. 4.700 Millions |
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CIN No.: [Company Identification
No.] |
U22212DL2008PTC181037 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELA23405E |
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PAN No.: [Permanent Account No.] |
AAHCA2093F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Publisher of books |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B (30) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 32000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company having moderate track. The Company
is progressing well. Trade relations are reported as fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for small to mediocre 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) |
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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 : |
4821, 1st Floor, Parwana Bhawan, 24, Ansari Road, Darya
Ganj, New Delhi, Delhi – 110002, India |
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Tel. No.: |
91-11-23276843/23276844 |
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Mobile No.: |
91-9811025441 (Sunil Saxena) |
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Fax No.: |
91-11-23276863 |
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E-Mail : |
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Website : |
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Branches : |
Chennai - Avantika Niwas, 19, |
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Tel. No.: |
91-442-8141554/8141209 |
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E-Mail : |
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Branch 1: |
Bengaluru : 2961, “Srikunj 16th Cross, 1st
Floor, K.R.Road, BSK ll Stage, Bengaluru, Karnataka – 560070, |
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Tel. No.: |
91-80-26769537/41681432 |
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E-Mail : |
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Branch 2: |
Thiruvananthapuram : # 6, TC 25/2710, Kohinoor Flats, |
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Tel. No.: |
91-471-4068777 |
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E-Mail : |
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Branch 3: |
Kolkata : Flat No. 16 A, 220, |
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Tel. No.: |
91-235-47119/23639 |
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E-Mail : |
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Branch 4: |
Mumbai : 13-14, |
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Tel. No.: |
91-22-622440/7720851 |
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E-Mail : |
anabooksmum@mtnl.net.in |
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Branch 5: |
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Tel. No.: |
91-522-4076400 |
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E-Mail : |
anebooksslko@gmail.com |
DIRECTORS
As on 30.09.2010
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Name : |
Mrs. Anju Saxena |
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Designation : |
Director |
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Address : |
B-16, Subhavana Niketan, Pitampura, |
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Date of Birth/Age : |
27.05.1963 |
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Date of Appointment : |
18.07.2008 |
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DIN No.: |
02209471 |
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Other Directorship :
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Name : |
Mr. Sunil Saxena |
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Designation : |
Director |
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Address : |
B-16, Subhavana Niketan, Pitampura, |
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Date of Birth/Age : |
16.03.1958 |
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Date of Appointment : |
18.07.2008 |
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DIN No.: |
02209447 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
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Names of Shareholders |
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No. of Shares |
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Sunil Saxena |
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468000 |
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Anju Saxena |
|
2000 |
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TOTAL |
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470000 |
t
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Publisher of books |
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GENERAL INFORMATION
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Bankers : |
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Facilities : |
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Banking Relations
: |
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Financial Institution : |
·
Bajaj Auto Finance Company Limited |
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Auditors : |
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Name : |
H.S Ahuja and Company Chartered Accountant |
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Address : |
H-61, |
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PAN.: |
AAAFH1929B |
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CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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470000 |
Equity Shares |
Rs.10/- each |
Rs. 4.700
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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4.700 |
0.100 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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3.317 |
0.217 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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8.017 |
0.317 |
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LOAN FUNDS |
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1] Secured Loans |
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19.202 |
0.000 |
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2] Unsecured Loans |
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11.141 |
0.000 |
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TOTAL BORROWING |
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30.343 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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38.360 |
0.317 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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6.136 |
0.086 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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30.721
|
5.145 |
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Sundry Debtors |
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73.393
|
6.724 |
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Cash & Bank Balances |
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3.938
|
0.296 |
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Other Current Assets |
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0.000
|
0.000 |
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Loans & Advances |
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2.851
|
0.215 |
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Total
Current Assets |
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110.903
|
12.380 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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Other Current Liabilities |
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77.405
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12.179 |
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Provisions |
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1.387
|
0.097 |
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Total
Current Liabilities |
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78.792
|
12.276 |
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Net Current Assets |
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32.111
|
0.104 |
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MISCELLANEOUS EXPENSES |
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0.113 |
0.127 |
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TOTAL |
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38.360 |
0.317 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
31.03.2010 |
31.03.2009 |
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SALES |
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Turnover |
|
142.186 |
11.755 |
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Less |
EXPENSES , FINANCIAL EXPENSES AND DEPRECIATION |
|
137.699 |
11.441 |
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PROFIT BEFORE
TAX |
|
4.487 |
0.314 |
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Less |
TAX |
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1.387 |
0.097 |
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PROFIT AFTER TAX
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|
3.100 |
0.217 |
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Earnings Per
Share (Rs.) |
|
6.60 |
0.46 |
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KEY RATIOS
|
PARTICULARS |
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|
31.03.2010 |
31.03.2009 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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3.83
|
2.52 |
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Return on Investment (ROI) (PBT/Networth) |
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0.56
|
0.00 |
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Debt Equity Ratio (Total Liability/Networth) |
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13.61
|
38.73 |
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Current Ratio (Current Asset/Current Liability) |
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|
1.41
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1.01 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
Corporate
identity number of the company |
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Name of the
company |
ANE BOOKS PRIVATE
LIMITED |
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Address of the
registered office or of the principal place of business in |
4821, 1ST
Floor, Parwana Bhawan, 24, Anasari Road, Darya Ganj, New Delhi – 110002,
Delhi, India Email Id: hsahujaandco@hotmail.com |
|
This form is for |
Creation
of Charge |
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Type of charge |
Book Debts Movable Property
(nor being pledge) |
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Particular of
charge holder |
Nationalized Bank Syndicate Bank,
16-B/6, Desh Bandhu Gupta Road, Dev Nagar, Delhi – 110006, India Email Id : susheelgupta@hotmail.com |
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Nature of
instrument creating charge |
Composite
Hypothecation Agreement |
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Date of
instrument Creating the charge |
17.06.2010 |
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Amount secured by
the charge |
Rs. 3.000
Millions |
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Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest
: Interest shall be
charged @ 14% pa being equivalent to bank’s PLR + 2% raising or failing there
with. Additional interest shall be charged @ 2% pa in case of default. Terms of
repayment : WCTL is repayable
in 20 installments of Rs. 15.000 Millions each. Interest shall be serviced
separately as and when debited. Margin : 30% Extent and
Operation of the charge : 100% first charge
to secure WCTL of Rs. 3.000 Millions0 |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Entire stock,
book debts and receivable of the company both present and future stored/ to
be stored at 4821, Parwana Bhawan, 1st Floor, 24, Ansari Road,
Darya Ganj, New Delhi or at any other place |
FIXED ASSETS:
·
Air Conditioner
·
Computer
·
EPBAX System
·
Car
·
Fax machine
·
Furniture and Fixture
·
Generator
·
Motor Cycle
·
Office Equipment
·
Photocopier Machine
·
Television
·
Refrigerator
·
Strapping Machine
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.49.67 |
|
|
1 |
Rs.76.50 |
|
Euro |
1 |
Rs.66.98 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.