|
Report Date : |
05.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
KOHINOOR TELEVIDEO PRIVATE LIMITED (w.e.f. 07.11.2009) |
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|
|
|
Formerly Known
As : |
GANESH TELEVIDEO AGENCIES PRIVATE LIMITED |
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Registered
Office : |
182, Haji Habib Building, Opposite Fire Brigade, Dr. Ambedkar Road,
Dadar (East), Mumbai- 400014, Maharashtra |
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Country : |
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|
|
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Financials (as
on) : |
31.03.2010 |
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|
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Date of
Incorporation : |
10.07.1990 |
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|
|
|
Com. Reg. No.: |
11-057184 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.2.500 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32200MH1990PTC057184 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG06501F |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACG1298B |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Trader and Supplier of Electronic and
Electrical Goods |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 535000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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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 dealings at usual
trade terms and conditions. We had conducted site visit on the given address but our executive was
not allowed to enter the premises. |
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 (GENERAL DETAILS)
|
Name : |
Mr. Pratap |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-61160403 |
|
Date : |
04.04.2012 |
LOCATIONS
|
Registered Office : |
182, Haji Habib Building, Opposite Fire Brigade, Dr. Ambedkar Road,
Dadar (East), Mumbai- 400014, Maharashtra, India |
|
Tel. No.: |
91-22-23821472 / 24156900 |
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Fax No.: |
91-22-23827154 |
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E-Mail : |
|
|
Location: |
Owned |
|
|
|
|
Head Office / Shop: |
339, |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Vishal Ramchand Mewani |
|
Designation : |
Director |
|
Address : |
604, Indira Apartment, |
|
Date of Birth/Age : |
07.04.1974 |
|
Date of Appointment : |
30.09.1993 |
|
DIN : |
00214523 |
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|
|
|
Name : |
Mr. Ramchand Phagunmal Mewani |
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Designation : |
Managing Director |
|
Address : |
604, Indira Apartment, |
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Date of Birth/Age : |
23.03.1946 |
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Date of Appointment : |
10.07.1990 |
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DIN : |
00214514 |
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|
|
|
Name : |
Mrs. Bharati Ramchand Mewani |
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Designation : |
Director |
|
Address : |
604, Indira Apartment, |
|
Date of Birth/Age : |
01.05.1947 |
|
Date of Appointment : |
10.07.1990 |
|
DIN : |
00214534 |
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|
|
|
Name : |
Mr. Sanjay Ramchand Mewani |
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Designation : |
Director |
|
Address : |
603, Indira Apartment, |
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Date of Birth/Age : |
30.12.1980 |
|
Date of Appointment : |
02.04.1998 |
|
DIN : |
00214529 |
|
|
|
|
Name : |
Mrs. Priyanka Vishal Mewani |
|
Designation : |
Director |
|
Address : |
603, Indira Apartment, |
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Date of Birth/Age : |
31.07.1975 |
|
Date of Appointment : |
02.04.1998 |
|
DIN : |
00214537 |
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|
|
|
Name : |
Mrs. Varsha Sanjay Mewani |
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Designation : |
Director |
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Address : |
603, Indira Apartment, |
|
Date of Appointment : |
25.06.2003 |
|
DIN : |
00214540 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ramchand Phagunmal Mewani |
|
3030 |
|
Bharati Ramchand Mewani |
|
10 |
|
Vishal Ramchand Mewani |
|
15250 |
|
Sanjay Ramchand Mewani |
|
6700 |
|
Priyanka Vishal Mewani |
|
10 |
|
Total |
|
25000 |
AS ON 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Supplier of Electronic and
Electrical Goods |
GENERAL INFORMATION
|
No. of Employee: |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Mulraj D Gala Chartered Accountant |
|
Address : |
B-21, Shastri niketan, R.K. Chemburkar Marg, Behind Telephone
Exchange, Chembur naka, Mumbai – 400071, Maharashtra, India |
|
Tel. No.: |
91-22-25294941 |
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E-Mail : |
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|
PAN No.: |
AGYPG0691H |
CAPITAL STRUCTURE
AS ON 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25,000 |
Equity Shares |
Rs.100/-each |
Rs.2.500 million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25,000 |
Equity Shares |
Rs.100/-each |
Rs.2.500 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 |
2.500 |
2.500 |
2.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
131.374 |
99.216 |
74.800 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
133.874 |
101.716 |
77.300 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
92.426 |
82.889 |
130.125 |
|
|
2] Unsecured Loans |
8.005 |
6.404 |
8.927 |
|
|
TOTAL BORROWING |
100.431 |
89.293 |
139.052 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
234.305 |
191.009 |
216.352 |
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|
|
|
|
|
|
|
APPLICATION OF FUNDS |
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|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
140.115 |
98.104 |
101.341 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.007 |
0.007 |
0.008 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
125.877
|
104.818 |
129.504 |
|
|
Sundry Debtors |
17.956
|
13.873 |
17.335 |
|
|
Cash & Bank Balances |
11.223
|
5.175 |
3.295 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
17.236
|
31.902 |
32.818 |
|
Total
Current Assets |
172.292
|
155.768 |
182.952 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
49.168
|
29.272 |
34.646 |
|
|
Other Current Liabilities |
12.685
|
6.729 |
8.308 |
|
|
Provisions |
16.256
|
26.869 |
24.995 |
|
Total
Current Liabilities |
78.109
|
62.870 |
67.949 |
|
|
Net Current Assets |
94.183
|
92.898 |
115.003 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
234.305 |
191.009 |
216.352 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
SALES |
1176.600 |
992.200 |
901.100 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
56.528 |
41.608 |
32.648 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.804 |
6.243 |
6.163 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
48.724 |
35.365 |
26.485 |
|
|
|
|
|
|
|
Less |
TAX |
16.256 |
10.511 |
9.276 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
32.468 |
24.854 |
17.209 |
|
|
|
|
|
|
|
Add/ Less |
TAX ADJUSTMENT (PREVIOUS
YEAR) |
(0.310) |
(0.439) |
0.016 |
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
32.158 |
24.415 |
17.193 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1298.72 |
994.17 |
688 |
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
1300.000 |
The above information has been parted by Mr. Sanjay.
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Net Profit Margin (PBT/Sales) |
(%) |
4.14
|
3.56 |
2.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.60
|
13.93 |
9.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.35 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.33
|
1.50 |
2.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.21
|
2.48 |
2.69 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
31.03.2008 (Rs. in millions) |
|
Sundry Creditors |
|
|
|
|
For Goods |
46.233 |
22.701 |
30.590 |
|
For Expenses |
2.935 |
6.571 |
4.056 |
|
Total |
49.168 |
29.272 |
34.646 |
|
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter's background |
-- |
|
8) No. of employees |
No |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
-- |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if
applicable) |
-- |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
Yes |
Note: Registered office address of the company has
been shifted from Shop No.44,
OPERATION:
The sales volume for the financial year ended 31.03.2010 was Rs.1176.600
millions as compared to Rs.992.200 millions of the previous year. Profit before
tax is Rs.48.700 millions.
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U32200MH1990PTC057184 |
|
Name of the company |
KOHINOOR TELEVIDEO PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
182, Haji Habib Building, Opp. Fire
Brigade, Dr. Ambedkar Road, Dadar (E), Mumbai –
400014, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Immovable Property |
|
Particular of charge holder |
ING VYSYA BANK LIMITED |
|
Nature of instrument creating charge |
Memorandum Recording Transaction of
Creation of Extension of Mortgage by Deposit of Title Deeds by Constructive Delivery
(For Additional loan/advances against the same property/ies-For self or third
party loan). |
|
Date of instrument Creating the charge |
24/12/2011 |
|
Amount secured by the charge |
Rs.12.000 millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest OD-SIT/BD : IVBR+2.05 p.a. (Present IVBR
being 10.20% p.a.) Terms of Repayment Loan shall be repayable On demand. Margin OD-SIT/BD : 25% against Finished goods,
25% against Book debts. Extent and Operation of the charge The Company created an equitable mortgage
by way of deposit of title deeds (by constructive delivery) in respect of its
immovable properties as stated under item No.15 as security for the due
repayment of dues under the credit facilities aggregating Rs.120.000 Millions
by Bank to Company, including principal amount of the Facility, interest,
liquidated damages, costs, charges and expenses etc. Others OD-SIT/BD : Rs.120.000 Millions. |
|
Short particulars of the property charged |
Immovable Property being Shop No.1 in the
building known as Hoshbanoo Mansion, Tika No.22, CTS No.25B, Gokhale Road,
Next to BTC Gallery, Village Naupada, Thane(W). Immovable Property being
Medical centre on the 1st Floor in the building along with car parking No.6,
Tika No.22, CTS No.25B, Gokhale Road, Next to BTC Gallery, Village-Naupada,
Thane (W). |
|
Date of instrument modifying the charge |
28/11/2011 |
|
Particulars of the present modification |
The Charge shall now stand increased from Rs.100.000
Millions to Rs.120.000 Millions against the security of equitable mortgage of
Immovable properties being lying and situated at Village-Naupada, Thane (W). |
FIXED ASSETS:
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.51.04 |
|
|
1 |
Rs.81.08 |
|
Euro |
1 |
Rs.67.39 |
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 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
48 |
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.