|
Report Date : |
03.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
XTRACARE PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 40, Saheed Nagar, Bhubaneswar - 751007, Orissa |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.12.2001 |
|
|
|
|
Com. Reg. No.: |
15-006672 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.980 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24246OR2001PTC006672 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Dealers of All Kinds and Varietals of Health
Care Products Including Child Care Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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. |
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, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
Plot No. 40, Saheed Nagar, Bhubaneswar - 751007, Orissa, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
|
|
|
|
|
Warehouse : |
33/1, Bretena Agrahara, 1st Floor, 16th Km,
Hosur Main Road, Singasandra (Post), Bangalore – 560068, Karnataka,
India |
|
|
|
|
Admin Office : |
725, 6th 'B' Cross, 3rd Block , Koramangala, Bangalore - 560 034, Karnataka, India |
|
Tel. No.: |
91-80-25504453/ 25504454 |
|
Fax No.: |
91-80-25505537 |
|
E-Mail : |
DIRECTORS
As on: 30.09.2011
|
Name : |
Mr. Ashok Kumar Patra |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Suar Sahi, Puri-752001, |
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|
Date of Birth/Age : |
20.08.1965 |
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|
Date of Appointment : |
20.12.2001 |
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DIN No.: |
00840007 |
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|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Pradeep Kumar Senapati |
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|
Designation : |
Director |
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|
Address : |
43-D, Ashok Nagar, Bhubaneswar-756009, Khurda, |
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|
Date of Birth/Age : |
03.04.1966 |
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|
Date of Appointment : |
12.08.2002 |
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|
DIN No.: |
00837450 |
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|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Babita Rani Patra |
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|
Designation : |
Director |
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|
Address : |
C-40, Saheed Nagar, Bhubaneswar-751007, |
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|
Date of Birth/Age : |
09.03.1972 |
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|
Date of Appointment : |
20.12.2001 |
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|
DIN No.: |
00837285 |
||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ashok Kumar Patra |
|
94000 |
|
Babita Rani Patra |
|
4000 |
|
|
|
|
|
Total |
|
98000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Dealers of All Kinds and Varietals of
Health Care Products Including Child Care Products. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai - 400013, Maharashtra, India |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
Note: Term Loan from HDFC Bank and Reliance Capital Limited are Secured by hypothecation of Vehicles of the Company. |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
U.K. Mahapatra and Company Chartered Accountant |
|
Address : |
Plot No. 237, 2nd Floor, Bapuji Nagar, Bhubaneswar-751009, |
|
Tel. No.: |
91-674-2597956/ 2597620 |
|
Fax No.: |
91-674-2597956/ 2597620 |
|
E-Mail : |
|
|
PAN NO.: |
AABFU5439N |
CAPITAL STRUCTURE
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
98000 |
Equity Shares |
Rs.10/- each |
Rs.0.980 Million |
|
|
|
|
|
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 |
0.980 |
0.980 |
0.980 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
24.408 |
17.100 |
10.281 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
25.388 |
18.080 |
11.261 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.075 |
0.506 |
4.254 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.075 |
0.506 |
4.254 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
25.463 |
18.586 |
15.515 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.218 |
1.550 |
1.827 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.185 |
0.155 |
0.113 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7.741
|
7.447
|
6.622 |
|
|
Sundry Debtors |
11.756
|
11.976
|
9.874 |
|
|
Cash & Bank Balances |
9.728
|
2.534
|
0.951 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
12.525
|
8.292
|
4.357 |
|
Total
Current Assets |
41.750
|
30.249
|
21.804 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2.565
|
3.430
|
2.293 |
|
|
Other Current Liabilities |
1.656
|
1.979
|
1.670 |
|
|
Provisions |
13.469
|
7.959
|
4.483 |
|
Total
Current Liabilities |
17.690
|
13.368
|
8.446 |
|
|
Net Current Assets |
24.060
|
16.881
|
13.358 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.217 |
|
|
|
|
|
|
|
|
TOTAL |
25.463 |
18.586 |
15.515 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
155.382 |
131.008 |
96.312 |
|
|
|
Other Income |
0.000 |
0.000 |
1.604 |
|
|
|
TOTAL (A) |
155.382 |
131.008 |
97.916 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Sales |
126.399 |
104.584 |
75.138 |
|
|
|
Administrative Expenses |
8.864 |
8.432 |
9.073 |
|
|
|
Selling Expenses |
6.749 |
6.998 |
5.795 |
|
|
|
TOTAL (B) |
142.012 |
120.014 |
90.006 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
13.370 |
10.994 |
7.910 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.184 |
0.248 |
0.354 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
13.186 |
10.746 |
7.556 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.399 |
0.492 |
0.474 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
12.787 |
10.254 |
7.082 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.480 |
3.435 |
2.428 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7.307 |
6.819 |
4.654 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
17.099 |
10.280 |
5.626 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
24.408 |
17.099 |
10.280 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
75.46 |
69.59 |
47.49 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.70
|
5.21
|
4.75 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.23
|
7.83
|
7.35 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
29.76
|
32.25
|
29.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.50
|
0.57
|
0.63 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.70
|
0.77
|
1.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.36
|
2.26
|
2.58 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
No |
|
10] |
Designation of contact person |
No |
|
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 |
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 |
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 |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Passport No of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
FINANCIAL RESULTS:
The performance of the Company during the financial year ended
31.03.2011 has been very encouraging. The total income from operations/turnover
stood at Rs.155.300 Millions (previous year Rs.131.000 Millions). The operating
profit before interest, depreciation and income tax for the year stood at
Rs.13.370 Millions compared to previous years Operating Profit of Rs. 10.994
Millions.
The Company has during the financial year ended 31.03.2011 incurred a
Profit after tax of Rs.7.307 Millions in comparison to the net profit of
Rs.6.819 Millions in the previous year.
Fixed Assets:
AS PER WEBSITE DETAILS:
PROFILE:
Subject as an organization is more like a practicing philosophy... a culture than a business entity. It has been conceived with the single-minded vision and focus towards providing quality and caring products to consumers at an affordable price. Over the months and years, they at subject have constantly strived to deliver and uphold these values.
There core business expertise is in the OEM, marketing and selling of a range of caring products under the brand name of subject for their consumers. Their product line includes Nappi-pads, Baby Diapers, Wet Tissues, Adult Diapers to name a fews. They are looking to push ahead with an aggressive marketing and sales campaign to capture a sizeable mind share in the marketplace.
There are ambitious plans for a nationwide presence in the near future. A plethora of new products are in the pipeline to be launched. A highly experienced and qualified team in operations, marketing and sales is handling this venture.
They have plans of rapid expansion into product lines that 'care' not only for the child but also for the entire family, providing them the 'caring' environment that they have always wanted. That's the true subject philosophy!
Needless to say the future beckons us.
At subject they
believe that the sky is the limit!
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.55.78 |
|
|
1 |
Rs.86.75 |
|
Euro |
1 |
Rs.68.32 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
|
46 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.