MIRA
INFORM REPORT
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Report Date : |
12.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
YASHODHAN ERECTORS PRIVATE LIMITED |
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Registered
Office : |
Office No.10, Wing C-1, Oxygen Valley, Opposite Annasaheb
Magar Market, Manjri (BK)
Hadapsar, Pune – 412307, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
08.11.2010 |
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Com. Reg. No.: |
25-137710 |
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Capital Investment/
Paid-up Capital: |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U45200PN2010PTC137710 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEY02294F |
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PAN No.: [Permanent Account No.] |
AAACY4546N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealers of Crain |
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No. of
Employees: |
30 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (26) |
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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 1000 |
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Status : |
New Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a new company establishing itself gradually. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for business dealings with some caution. |
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) |
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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 |
INFORMATION PARTED BY
|
Name : |
Mr. Dhanraj Panchal |
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Designation : |
Director |
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Contact No.: |
91-9823100073 |
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Date : |
04.04.2012 |
LOCATIONS
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Registered Office : |
Office No.10, Wing C-1, Oxygen Valley, Opposite Annasaheb
Magar Market, Manjri (BK)
Hadapsar, Pune – 412307, Maharashtra, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9823100073/ 97008734422 (Mr. Dhanraj Panchal) |
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Fax No.: |
Not Available |
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E-Mail : |
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Location : |
Owned |
DIRECTORS
As on: 30.09.2011
|
Name : |
Mr. Dhanraj Vaijinath Panchal |
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Designation : |
Director |
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Address : |
S.N.23/4/1, Hissa No.765/3, Balaji Nagar, Dhankawadi, Pune – 411043, |
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Date of Birth/Age : |
01.06.1974 |
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Date of Appointment : |
08.11.2010 |
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DIN No : |
03167579 |
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Name : |
Ms. Jayshri Dhanraj
Panchal |
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Designation : |
Director |
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Address : |
S.N.23/4/1, Hissa No.765/3, Balaji Nagar, Dhankawadi, Pune – 411043, |
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Date of Birth/Age : |
23.06.1976 |
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Date of Appointment : |
08.11.2010 |
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DIN No : |
03146696 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2011
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Names of Shareholders |
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No. of Shares |
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Dhanraj Panchal |
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7000 |
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Jayshri Panchal |
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3000 |
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Total |
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10000 |
As on: 30.09.2011
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Category |
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Percentage |
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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 : |
Dealers of Crain |
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Products : |
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Agencies Held : |
ACE – Action Construction Equipment Limited |
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Terms : |
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Selling : |
Cash and Credit (30 days / 60 days / 90 days) |
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Purchasing : |
Cash and Credit (30 days / 60 days / 90 days) |
GENERAL INFORMATION
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
30 (Approximately) |
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Bankers : |
ICICI Bank, Pune Main Branch |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Patil Ranadive and
Associates Chartered Accountant |
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Address : |
Office No-51, Kunal Plaza, Chinchwad Station, Pune –
411019, |
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PAN No : |
AALFP5606L |
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CAPITAL STRUCTURE
As on: 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Share |
Rs.10/- each |
Rs.0.100 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Share |
Rs.10/- each |
Rs.0.100 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
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|
31.03.2011 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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|
0.100 |
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2] Share Application Money |
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|
0.000 |
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3] Reserves & Surplus |
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|
0.000 |
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4] (Accumulated Losses) |
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|
0.151 |
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NETWORTH |
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|
0.251 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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|
0.004 |
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TOTAL BORROWING |
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|
0.004 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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0.255 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.084 |
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Capital work-in-progress |
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|
0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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|
0.803 |
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Cash & Bank Balances |
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|
0.220 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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|
0.019 |
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Total
Current Assets |
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|
1.042 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditor |
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0.006 |
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Other Current Liabilities |
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0.885 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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0.891 |
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Net Current Assets |
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|
0.151 |
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MISCELLANEOUS EXPENSES |
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|
0.020 |
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TOTAL |
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0.255 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
31.03.2012 |
31.03.2011 |
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SALES |
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Income |
|
30.000
(Approximately) |
6.320 |
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Other Income |
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|
0.160 |
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TOTAL |
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6.480 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
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6.262 |
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PROFIT BEFORE
TAX |
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0.218 |
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Less |
TAX |
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|
0.067 |
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PROFIT AFTER TAX |
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0.151 |
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Earnings Per
Share (Rs.) |
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|
15.12 |
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Expected Sales (2012-2013) : Rs.35.000 Millions
The above information has been parted by Mr. Dhanraj
Panchal
KEY RATIOS
|
PARTICULARS |
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|
31.03.2011 |
|
PAT / Total Income |
(%) |
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2.33 |
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Net Profit Margin (PBT/Sales) |
(%) |
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3.45 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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19.36 |
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Return on Investment (ROI) (PBT/Networth) |
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0.86 |
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Debt Equity Ratio (Total Liability/Networth) |
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3.57 |
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Current Ratio (Current Asset/Current Liability) |
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|
1.17 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
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Locality
of the Firm |
Yes |
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Construction
of the firm |
Yes |
|
Premises
details |
Yes |
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Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
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No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
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Designation
of contact person |
Yes |
|
Turnover
of firm for last two years |
Yes |
|
Profitability
for last One years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
Yes |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
No |
|
Major
Suppliers |
No |
|
Major
Customers |
Yes |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
Note
Registered office of the company has been
shifted from Aditya Nakoda
Enclave, 1st Floor, Office No. 6, Opposite Big Bazzar,
Outlook:
During the next financial year the Company
excepts to achieve good turnover and increasing returns.
Fixed Assets:
- Furniture
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 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.51.55 |
|
|
1 |
Rs.81.95 |
|
Euro |
1 |
Rs.67.57 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--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 |
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 |
No |
|
--LISTED |
YES/NO |
No |
|
--OTHER MERIT FACTORS |
YES/NO |
Yes |
|
TOTAL |
|
26 |
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.