1. Summary Information
|
|
|
Country |
|
|
Company Name |
DRIPS APPARELS PRIVATE LIMITED |
Principal Name 1 |
Mr. Sanjay Yadav |
|
Status |
New Company |
Principal Name 2 |
Mrs. Pooja Yadav |
|
|
|
Registration # |
05-042298 |
|
Street Address |
Flat 308, Block No. 21, Heritage City, Gurgaon-122002, Haryana |
||
|
Established Date |
04.03.2011 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Apparel Garments |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.100,000/-
|
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors 100.00% |
Banking |
Not Available |
|
Public Limited Corp. |
No |
Business Period |
1 Year |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
NB |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,533,000 |
Current Liabilities |
1,452,000 |
|
Inventories |
22,000 |
Long-term Liabilities |
000 |
|
Fixed Assets |
110,000 |
Other Liabilities |
5,000 |
|
Deferred Assets |
000 |
Total Liabilities |
1,457,000 |
|
Invest& other Assets |
31,000 |
Retained Earnings |
(61,000) |
|
|
|
Net Worth |
239,000 |
|
Total Assets |
1,696,000 |
Total Liab. & Equity |
1,696,000 |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
000 |
Net Profit |
(61,000) |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
17.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
DRIPS APPARELS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat 308, Block No. 21, Heritage City, Gurgaon-122002, Haryana |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation
: |
04.03.2011 |
|
|
|
|
Com. Reg. No.: |
05-042298 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101HR2011PTC042298 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
RTKD04696G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCD7682B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
and Exporter of Apparel Garments. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Maximum Credit Limit : |
USD 900 |
|
|
|
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
-- |
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|
|
|
Comments : |
Subject is a new company and yet to established itself gradually.
Payments are unknown. The company can be considered for business dealings on a safe and
secured 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Flat 308, Block No. 21, Heritage City, Gurgaon-122002, Haryana,
India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9911261482 (Mr. Goswami) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
486 Pace City II, 1st Floor, Sector 37, Gurgaon-122001,
Haryana, India |
|
Tel No.: |
91-124-4212145 |
DIRECTORS
As on 31.12.2011
|
Name : |
Mr. Sanjay Yadav |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
308, Block 21, Heritage City, Gurgaon-122002, Haryana, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.10.1965 |
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Date of Appointment : |
04.03.2011 |
||||||||||||||||||||||||||||||||||||
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Din No.: |
00522864 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||
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Name : |
Mrs. Pooja Yadav |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
308, Block 21, Heritage City, Gurgaon-122002, Haryana, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.07.1972 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
04.03.2011 |
||||||||||||||||||||||||||||||||||||
|
Din No.: |
02489295 |
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|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.12.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Yadav |
|
8000 |
|
Pooja Yadav |
|
2000 |
|
|
|
|
|
Total |
|
10000 |
As on 31.12.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
and Exporter of Apparel Garments. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ahuja Arun and Company Chartered Accountants |
|
Address : |
412, Deepshikha, Rajendra Place, New Delhi-110008, India |
|
Tel. No.: |
91-11-41537977/41537968 |
|
Pan No.: |
AAHFA1807C |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 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 |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.200 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(0.061) |
|
|
NETWORTH |
|
|
0.239 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.005 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.244 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.110 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.022 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.240 |
|
|
Other Current Assets |
|
|
1.293 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
1.555 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.102 |
|
|
Other Current Liabilities |
|
|
1.350 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
1.452 |
|
|
Net Current Assets |
|
|
0.103 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.031 |
|
|
|
|
|
|
|
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TOTAL |
|
|
0.244 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
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TOTAL |
|
|
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
0.054 |
|
|
|
Advertising Expenses |
|
|
|
|
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TOTAL |
|
|
0.054 |
|
|
|
|
|
|
|
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
(0.054) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.002 |
|
|
|
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|
|
|
|
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|
PROFIT / (LOSS)
BEFORE TAX |
|
|
(0.056) |
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|
|
|
|
|
|
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Less |
TAX |
|
|
0.005 |
|
|
|
|
|
|
|
|
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|
PROFIT / (LOSS)
AFTER TAX |
|
|
(0.061) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
(6.10) |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
PAT / Total Income |
(%) |
|
|
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
0.00 |
|
|
|
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|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
(3.36) |
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Return on Investment (ROI) (PBT/Networth) |
|
|
|
(0.23) |
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|
|
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|
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|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
6.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
1.07 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
No |
|
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 |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter involved in |
-- |
|
23) Banking Details |
No |
|
24) Banking facility details |
No |
|
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 |
No |
|
30) Major Shareholders, if available |
Yes |
PERFORMANCE OF COMPANY:
This was the first year of the company that
resulted in loss of Rs.0.061 million for the company. The company has an
operating loss of Rs.0.054 million. The company has provided Rs.0.002 million
depreciation and has made adjustment of Rs.0.005 million for deferred tax.
FIXED ASSETS:
·
Computer
·
Fans
·
Plant and Machinery
·
Furniture and Fixtures
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.51.65 |
|
|
1 |
Rs.81.80 |
|
Euro |
1 |
Rs.67.18 |
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.