|
Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
KAMAL EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-201, Chandanbala
Complex, Near Fatehpura Post Office, Paldi, Ahmedabad – 380 007, |
|
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|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
02.05.1996 |
|
|
|
|
Com. Reg. No.: |
04-066261 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900GJ1996PTC066261 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUM10100G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADFK9416D |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Investments in
Securities and Finance |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
No Business Activity |
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|
|
|
Payment Behaviour : |
-- |
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|
|
|
Litigation : |
-- |
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|
|
|
Comments : |
As claimed by the management, the company has no business activity
from last seven years. The company is kind of silent company. Initially the company can be considered for business 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.
INFORMATION DECLINED BY
|
Name : |
Mr. Shriraj Jaweri |
|
Contact No.: |
91-9898988040 |
|
Date : |
18.04.2012 |
LOCATIONS
|
Registered Office : |
B-201,
Chandanbala Complex, Near Fatehpura Post Office, Paldi, Ahmedabad – 380 007, |
|
Tel. No.: |
91-79-26464089 |
|
Mobile No.: |
91-9898988040 (Mr. Shriraj Jaweri) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Tushar Bharatkumar Dalal |
|
Designation : |
Director |
|
Address : |
Shantikunj Society, Behind Mehdi Nawab Jung Hall, Paldi, Ahmedabad –
380 006, |
|
Date of Birth/Age : |
06.09.1945 |
|
Date of Appointment : |
15.11.2006 |
|
DIN No.: |
00205589 |
|
|
|
|
Name : |
Mr. Shatayu Jitendra Desai |
|
Designation : |
Director |
|
Address : |
301, 302, Parvat Apartment, Paldi, Ahmedabad - 380 007, |
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Date of Birth/Age : |
21.09.1951 |
|
Date of Appointment : |
06.06.1997 |
|
DIN No.: |
00612167 |
|
|
|
|
Name : |
Mr. Bharatbhai Chandulal Zaveri |
|
Designation : |
Director |
|
Address : |
201/B, Chandanbala Complex, Opposite Post Office, Anand Nagar, Paldi,
Ahmedabad – 380 007, |
|
Date of Birth/Age : |
25.10.1941 |
|
Date of Appointment : |
15.07.2010 |
|
DIN No.: |
03151443 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Usha Madhukant Raut |
|
10 |
|
Madhukant Raut |
|
10 |
|
Parijat Infrastructure Limited, |
|
300000 |
|
Bahubali Shantilal Shah |
|
10000 |
|
Zora Traders Limited, |
|
40000 |
|
Ajapgajap Investment Private Limited, |
|
150000 |
|
Total |
|
500020 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Investments in Securities and Finance |
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
v
Bank
of v
Axis
Bank v
HDFC
Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rakshit M. Shah and Company Chartered Accountants |
|
Address : |
402, Wall Street-1, Opposite Orient Club, Near |
|
Income-tax
PAN of auditor or auditor's firm : |
AKIPS9122R |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500020 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.000 |
5.000 |
5.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
5.301 |
5.210 |
5.082 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
10.301 |
10.210 |
10.082 |
|
|
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 |
10.301 |
10.210 |
10.082 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.001 |
0.001 |
0.001 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
10.168 |
9.579 |
9.571 |
|
|
DEFERRED TAX ASSETS |
0.000 |
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 |
0.060
|
0.555 |
0.415
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
0.092
|
0.108 |
0.115
|
|
Total
Current Assets |
0.152
|
0.663 |
0.530 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000 |
0.000
|
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000
|
|
|
Provisions |
0.020
|
0.033 |
0.020
|
|
Total
Current Liabilities |
0.020
|
0.033 |
0.020 |
|
|
Net Current Assets |
0.132
|
0.630 |
0.510
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
10.301 |
10.210 |
10.082 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Dividend |
|
0.096 |
0.111 |
|
|
|
Interest on Fixed Deposits |
|
0.000 |
0.041 |
|
|
|
TOTAL |
|
0.096 |
0.152 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Filling Fees |
|
0.000 |
0.002 |
|
|
|
Professional Fees |
|
0.000 |
0.008 |
|
|
|
Bank Charges |
|
0.001 |
0.001 |
|
|
|
R.O.C Charges |
|
0.001 |
0.000 |
|
|
|
TOTAL |
|
0.002 |
0.011 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.094 |
0.128 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
0.094 |
0.141 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.013 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
0.094 |
0.128 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
5.207 |
5.082 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
5.301 |
5.210 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
0.18 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
97.92
|
84.21 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
97.92
|
92.76 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
61.44
|
21.23 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.01 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.60
|
20.09 |
26.50 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
Sundry Creditors |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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 |
No |
|
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 |
Yes |
|
10) Designation
of contact person |
No |
|
11) Turnover of
firm for last two years |
Yes |
|
12) Profitability
for last two 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 |
Yes |
|
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 |
Yes |
|
30) Major
Shareholders, if available |
Yes |
OPERATIONS:
The Company has
received the gross income of Rs.0.096 million during the year. The Company’s net
profit after providing depreciation and tax is Rs.0.094 million.
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.51.50 |
|
|
1 |
Rs.81.99 |
|
Euro |
1 |
Rs.67.54 |
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.