MIRA
INFORM REPORT
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Report Date : |
25.08.2012 |
IDENTIFICATION DETAILS
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Name : |
DIGITAL FASHION HOUSE PRIVATE LIMITED |
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Registered
Office : |
Aggarwal Compound, Nair Wadi,
Kherani Road Saki Naka, Andheri (East), Mumbai – 400072, Maharashtra
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Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
04.02.2011 |
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Com. Reg. No.: |
11-212989 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U17299MH2011PTC212989 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMD18906G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Digital Printing Solutions, Fabrics, Garments
Accessories, etc., |
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No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Maximum Credit Limit : |
USD 5000 |
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Status : |
New Business |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is s new company and establishing itself gradually. It has
achieved very minimal income in its first year. However, trade relations are improving.
Business is active. Payments are slow. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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India |
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 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ 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.
INFORMATION PARTED BY
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Name : |
Mr. Subodh Sharma |
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Designation : |
Account Manager |
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Contact No.: |
91-9167748796 |
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Date : |
24.08.2012 |
LOCATIONS
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Registered Office/ Factory : |
Aggarwal Compound, Nair Wadi,
Kherani Road Saki Naka, Andheri (East), Mumbai – 400072, Maharashtra,
India |
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Tel. No.: |
91-22-28502245/28502246/28502247 |
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Mobile No.: |
91-9167748796 (Mr. Subodh Sharma) |
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Fax No.: |
91-22-28764750 |
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E-Mail : |
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Website : |
DIRECTORS
As on 31.12.2011
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Name : |
Mr. Shyamsunder Vishwanath
Agarwal |
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Designation : |
Director |
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Address : |
Flat A203, 2nd Floor, Venus, Mira – Bhayandar
Road, Mira Road (East), Thane, Maharashtra, India |
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Date of Birth/Age : |
05.12.1963 |
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Date of Appointment : |
04.02.2011 |
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DIN No.: |
01219974 |
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Other Directorship:
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Name : |
Mr. Rishi Ashok Mehra |
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Designation : |
Director |
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Address : |
Flat No – 181, Panorama Tower CHS, Cross Road No. - 4, Lokhandwala Complex, Andheri
(West), Mumbai, Maharashtra, India |
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Date of Birth/Age : |
05.11.1972 |
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Date of Appointment : |
04.02.2011 |
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DIN No.: |
03340884 |
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KEY EXECUTIVES
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Name : |
Mr. Subodh Sharma |
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Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.12.2011
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Names of Shareholders |
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No. of Shares |
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Mr. Shyamsunder Vishwanath
Agarwal |
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5000 |
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Mr. Rishi Ashok Mehra |
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5000 |
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Total |
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10000 |
Equity Share Break up (Percentage of Total Equity)
As on 31.12.2011
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Digital Printing Solutions, Fabrics, Garments
Accessories, etc., |
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Products : |
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Terms : |
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Selling : |
Cash/ Credit (30 days/45 days) |
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Purchasing : |
Cash/ Credit (30 days/ 45 days) |
GENERAL INFORMATION
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Customers : |
Wholesalers and Manufacturer |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
·
The Sahebrao Deshmukh Co-Op. Bank Limited, 103, Trade
Corner, Sakinath Junction, Andheri
(E), Mumbai – 400072, Maharashtra, India · HDFC |
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Facilities : |
T. L – Rs.25.000 Millions (Sahebrao Deshmukh Co-operative Bank Limited) |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Jain and Jain Chartered Accountants |
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Address : |
601, Jolly Bhavan No.2, 51, New Marine
Lines, Mumbai – 400020, Maharashtra, India |
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PAN No: |
AAAFJ1726A |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital:
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Millions |
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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 Shares |
Rs.10/- each |
Rs. 0.100 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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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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1.200 |
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3] Reserves & Surplus |
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0.045 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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1.345 |
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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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0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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0.017 |
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TOTAL |
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1.362 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.024 |
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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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0.000
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Cash & Bank Balances |
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0.355
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Other Current Assets |
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0.000
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Loans & Advances |
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0.076
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Total
Current Assets |
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0.431
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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0.081
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Other Current Liabilities |
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0.000
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Provisions |
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0.012
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Total
Current Liabilities |
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0.093
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Net Current Assets |
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0.338
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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1.362 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2011 |
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SALES |
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Income |
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0.136 |
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Other Income |
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TOTAL |
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0.136 |
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Less |
EXPENSES |
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Office Expenses |
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0.071 |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL
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0.071 |
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PROFIT BEFORE
TAX |
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0.065 |
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Less |
TAX
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0.020 |
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PROFIT AFTER
TAX |
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0.045 |
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BALANCE CARRIED
TO THE B/S |
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0.045 |
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Earnings Per
Share (Rs.) |
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4.51 |
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KEY RATIOS
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PARTICULARS |
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31.03.2011 |
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PAT / Total Income |
(%) |
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33.09 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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4.47 |
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Return on Investment (ROI) (PBT/Networth) |
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0.05 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.07 |
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Current Ratio (Current Asset/Current Liability) |
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4.63 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
No |
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5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
Yes |
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8] |
No. of employees |
Yes |
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9] |
Name of person contacted |
Yes |
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10] |
Designation of contact
person |
Yes |
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11] |
Turnover of firm for last
one years |
Yes |
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12] |
Profitability for last
one years |
Yes |
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13] |
Reasons for variation
<> 20% |
-------- |
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14] |
Estimation for coming
financial year |
No |
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15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
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18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
-------- |
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26] |
Buyer visit details |
-------- |
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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] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
FINANCIAL RESULTS:
During the period the company has made a
profit of Rs.0.045 Million.
BANKERS CHARGES REPORT
AS PER REGISTRY
|
Corporate identity number of the company |
U17299MH2011PTC212989 |
|
Name of the company |
DIGITAL FASHION HOUSE PRIVATE LIMITED |
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Address of the registered office or of the principal place of business in India of the company |
Aggarwal Compound, Nair Wadi,
Kherani Road Saki Naka, Andheri (East), Mumbai – 400072, Maharashtra,
India Email: shyaam.agarwal@gmail.com
|
|
This form is for |
Creation of charge |
|
Type of charge |
·
Immovable
property ·
Movable
property (not being pledge) |
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Particular of charge holder |
The Sahebrao Deshmukh Co-Op. Bank Limited, 103, Trade
Corner, Sakinath Junction, Andheri
(East), Mumbai – 400072, Maharashtra, India Email: ho@sdcbank.com |
|
Nature of instrument creating charge |
Deed of Mortgage
Dated 9th January, 2012 Agreement of
Hypothecation Dated 18th January, 2012 |
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Date of instrument Creating the charge |
09.01.2012 |
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Amount secured by the charge |
Rs. 25.000 Millions |
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Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest
14% P A Terms of
Repayment The Loan is to
be repaid in equal 12 installments plus interest Margin As per Agreement Extent and
Operation of the charge Mortgage Over
Flat No. B-302, 3rd Floor, Venus Towers CHS Limited, Geeta Nagar, Phase II, Behind Sai Petrol Pump, Mira Road (East), Thane 401107
admeasuring 510 Sq. Ft.. Hypothecation over machineries of the Company. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Flat No. B-302,
3rd Floor, Venus Towers CHS Limited, Geeta Nagar, Phase II, Behind Sai
Petrol Pump, Old S. No. 531, New S. No. 64, Hissa No. 3, Mira Road (East), Thane-401107 Machineries in
the name of Company. |
|
Whether any of the property
or interest therein under reference is not registered in the name of the
company |
Yes |
|
In whose name it is
registered |
Flat
No. B – 302 is owned by Chandan Agarwal |
FIXED ASSETS:
·
Computer
·
Air Conditioner
·
Furniture and Fixture
·
Machinery
·
Water Purifier
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.55.38 |
|
|
1 |
Rs.87.80 |
|
Euro |
1 |
Rs.69.48 |
INFORMATION DETAILS
|
Information Gathered
by : |
SBA |
|
|
|
|
Report Prepared
by : |
MRI |
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.