Business
information report
1.
Summary Information
|
|
|
Country |
India
|
|
Company
Name |
ENAM HOLDINGS PRIVATE LIMITED |
Principal
Name 1 |
Mr. Nemish Shantilal Shah |
|
Status |
Satisfactory |
Principal
Name 2 |
Mr. Akash Manek Bhanshali |
|
|
|
Registration
# |
11-170650 |
|
Street
Address |
|
||
|
Established
Date |
07.05.2007 |
SIC
Code |
-- |
|
Telephone# |
91 -22-22790888 |
Business
Style 1 |
Stock Broking Company |
|
Fax
# |
91-22-22790898 |
Business
Style 2 |
-- |
|
Homepage |
Product
Name 1 |
-- |
|
|
#
of employees |
-- |
Product
Name 2 |
-- |
|
Paid
up capital |
Rs.
2,000,000/- |
Product
Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors -100% |
Banking |
Not Available |
|
Public
Limited Corp. |
No |
Business
Period |
5
years |
|
IPO |
No |
International
Ins. |
- |
|
Public
|
No
|
Rating |
Ba (49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO
|
|
Other
Related Company |
India
|
Enam Securities Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance
Sheet as of |
31.03.2011 |
(Unit:
Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current
Assets |
44,844,000 |
Current
Liabilities |
13,185,000 |
|
Inventories |
0,000 |
Long-term
Liabilities |
0,000 |
|
Fixed
Assets |
1,183,000 |
Other
Liabilities |
31,259,000 |
|
Deferred
Assets |
0,000 |
Total
Liabilities |
44,444,000 |
|
Invest&
other Assets |
41,149,000 |
Retained
Earnings |
40,732,000 |
|
|
|
Net Worth |
42,732,000 |
|
Total
Assets |
87,176,000 |
Total
Liab. & Equity |
87,176,000 |
|
Total Assets (Previous
Year) |
49,525,000 |
|
|
|
P/L
Statement as of |
31.03.2011 |
(Unit:
Indian Rs.) |
|
|
Sales |
-- |
Net
Profit |
90,506,000 |
|
Sales(Previous
yr) |
101,696,000 |
Net
Profit(Prev.yr) |
16,557,000 |
MIRA
INFORM REPORT
|
Report Date : |
25.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
ENAM HOLDINGS PRIVATE LIMITED (w.e.f. 10.07.2007) |
|
|
|
|
Formerly Known As : |
ENAM HOLDING PRIVATE LIMITED |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
07.05.2007 |
|
|
|
|
Com. Reg. No.: |
11-170650 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.2.000 Millions |
|
|
|
|
CIN No.: [Company Identification No.] |
U67120MH2007PTC170650 |
|
|
|
|
TAN No.: [Tax Deduction & Collection Account No.] |
MUME07190B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCE7938H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is a Stock Broking Company |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 170000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. The company has been successfully in wipping-off the accumulated losses of previous years. 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
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 : |
Express Towers, 11th Floor, Nariman Point, Mumbai-400021, Maharashtra, India |
|
Tel. No.: |
Not available |
|
Fax No.: |
Not available |
|
E-Mail : |
|
|
|
|
|
Branch Office |
813, Dalamal Towers, Nariman Point, Mumbai-400021, Maharashtra, India |
|
Tel. No.: |
91-22-22790888 |
|
Fax No.: |
91-22-22790898 |
DIRECTORS
AS ON 29.09.2011
|
Name : |
Mr. Nemish Shantilal Shah |
|
Designation : |
Director |
|
Address : |
244, |
|
Date of Birth/Age : |
17.10.1958 |
|
Date of Appointment : |
07.05.2007 |
|
DIN No.: |
00198748 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U33120MH1986PTC041260 |
ADVANCE COMPUFLOW PRIVATE LIMITED |
Director |
19-12-90 |
19-12-90 |
- |
Active |
NO |
|
2 |
U65990MH1991PTC061305 |
ENAM SHARES AND SECURITIES PRIVATE LIMITED |
Director |
19-04-91 |
19-04-91 |
- |
Active |
NO |
|
3 |
U65990MH1994PTC081557 |
NIRMIT FINVEST AND PROPERTY PRIVATE LIMITED |
Director |
29-09-94 |
29-09-94 |
- |
Amalgamated |
NO |
|
4 |
U67120MH2005PTC152297 |
ENAM SECURITIES PRIVATE LIMITED. |
Director |
30-03-05 |
30-03-05 |
- |
Active |
NO |
|
5 |
U80211PN2004NPL019964 |
FOUNDATION FOR LIBERAL AND MANAGEMENT EDUCATION |
Director |
12-12-06 |
12-12-06 |
- |
Active |
NO |
|
6 |
U67120MH2007PTC170650 |
ENAM HOLDINGS PRIVATE LIMITED |
Director |
07-05-07 |
07-05-07 |
- |
Active |
NO |
|
7 |
U93000MH2010PTC199627 |
ENAM INFRASTRUCTURE TRUSTEESHIP SERVICES PRIVATE LIMITED |
Director |
03-02-10 |
03-02-10 |
19-07-10 |
Active |
NO |
|
Name : |
Mr. Akash Manek Bhanshali |
|
Designation : |
Director |
|
Address : |
12, Laxmi Vilas,87, |
|
Date of Birth/Age : |
05.08.1973 |
|
Date of Appointment : |
07.05.2007 |
|
DIN No.: |
00265600 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U65990MH1988PTC048113 |
ENAM INVESTMENT SERVICES PRIVATE LIMITED |
Director |
20-05-01 |
20-05-01 |
- |
Active |
NO |
|
2 |
U24110MH1983PTC031052 |
TALMA CHEMICAL INDUSTRIES PRIVATE LIMITED |
Director |
20-05-01 |
20-05-01 |
- |
Active |
NO |
|
3 |
U70100MH2006PTC159608 |
BLUE DAIMOND PROPERTIES PRIVATE LIMITED |
Director |
08-02-06 |
08-02-06 |
- |
Active |
NO |
|
4 |
U32101KA2007PTC042206 |
PRYSM DISPLAYS (INDIA) PRIVATE LIMITED |
Director |
16-04-07 |
16-04-07 |
29-07-10 |
Active |
NO |
|
5 |
U67120MH2007PTC170650 |
ENAM HOLDINGS PRIVATE LIMITED |
Director |
07-05-07 |
07-05-07 |
- |
Active |
NO |
|
6 |
U93000MH2010PTC199627 |
ENAM INFRASTRUCTURE TRUSTEESHIP SERVICES PRIVATE LIMITED |
Director |
03-02-10 |
03-02-10 |
22-02-10 |
Active |
NO |
|
7 |
U65991MH2004PTC149422 |
ENAM INFRASTRUCTURE FUND MANAGEMENT COMPANY PRIVATE LIMITED |
Director |
19-03-10 |
19-03-10 |
- |
Active |
NO |
|
8 |
U67120MH2000PTC123921 |
PROFITEX SHARES AND SECURITIES PRIVATE LIMITED |
Director |
01-10-10 |
01-10-10 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2011
|
Names of Shareholders |
No. of Shares |
|
Nemish Shantilal Shah |
1000000 |
|
Akash Manek Bhanshali |
1000000 |
|
Total |
2000000 |
AS ON 29.09.2011
|
Equity Shares Break Up |
Percentage |
|
Directors or
relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is a Stock Broking Company |
|
|
|
|
Products : |
Stock Broking Company |
GENERAL INFORMATION
|
Bankers : |
Not Available |
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Facilities : |
|
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|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Khimji Kunverji and Company Chartered Accountant |
|
Address : |
52, Bombay Mutual Building, Sir Phirozshah Mehta Road, Fort, Mumbai – 400001, Maharashtra, India |
|
PAN.: |
AAAFK1142M |
|
|
|
|
Enterprises over which person mentioned in I ) can exercise significant influence : |
· Enam Securities Private Limited · Enam Securities Direct Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000
Millions |
|
|
|
|
|
Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000
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 |
2.000 |
2.000 |
2.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
40.732 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
(30.763) |
(47.320) |
|
|
NETWORTH |
42.732 |
(28.763) |
(45.320) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
58.407 |
87.914 |
|
|
TOTAL BORROWING |
0.000 |
58.407 |
87.914 |
|
|
DEFERRED TAX LIABILITIES |
0.104 |
0.093 |
0.059 |
|
|
|
|
|
|
|
|
TOTAL |
42.836 |
28.737 |
42.653 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.183 |
1.562 |
1.017 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
41.149 |
0.000 |
2.519 |
|
|
DEFERREX 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 |
4.177
|
24.409
|
3.928 |
|
|
Other Current Assets |
0.000
|
0.000
|
1.639 |
|
|
Loans & Advances |
40.667
|
23.554
|
87.969 |
|
Total
Current Assets |
44.844
|
47.963 |
93.536 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
6.108
|
2.385
|
1.811 |
|
|
Other Current Liabilities |
7.077
|
5.248
|
43.653 |
|
|
Provisions |
31.155
|
12.155
|
8.955 |
|
Total
Current Liabilities |
44.340
|
19.788 |
54.419 |
|
|
Net Current Assets |
0.504
|
28.175
|
39.117 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
42.836 |
29.737 |
42.653 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover (Including other income) |
NA |
101.696 |
(21.994) |
|
|
|
TOTAL |
|
101.696 |
(21.994) |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
84.390 |
38.008 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
NA |
|
|
|
|
|
Interest and Depreciation |
|
|
|
|
|
|
TOTAL |
|
84.390 |
38.008 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
17.306 |
(60.002) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
0.749 |
0.394 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
90.506 |
16.557 |
(60.396) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
-- |
8.28 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
16.28
|
(274.60) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
34.94
|
(63.46) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
(0.60)
|
(1.32) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.04
|
(2.72)
|
(3.14) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01
|
2.42
|
1.72 |
LOCAL AGENCY FURTHER INFORMATION
PROFIT / LOSS FOR
THE YEAR:
The company has reported Net Profit of Rs. 90.506 millions after
providing for Income Tax of the financial year ended 31st March,
2011.
FIXED ASSETS :
- Computers
- Office
Equipments
- Furniture and
Fixtures
WEB SITE DETAILS
History
Subject was founded in 1984
to provide knowledge-driven financial services at a time when the Indian
economy was being redefined by market-oriented reforms. The founders - Manek
Bhanshali, Nemish Shah, Vallabh Bhanshali and Jagdish Master - were referred to
as the Formidable Four of Dalal Street. Shaped by one of the most turbulent
economies anywhere in the world, Subject has gained knowledge and experience
far beyond its age.
Being privately owned
by professionals contributes to an exceptionally high level of commitment to
excellence in client service. They are proud of the fact that almost all the
key decision makers who have joined them over the last 20 years are still with
them. Their partnership approach is unique in the Indian context.
It has withstood the
test of times: Subject has demonstrated remarkable resilience in maintaining
its leadership in a market characterized by tumultuous upheavals amongst its
participants.
PROFILE
They are one of India’s
leading financial service providers reputed for their ability to perceive the
true potential of businesses.
And enhance their
value.
Their experience of
evaluating businesses over the years has enabled them to optimally mobilize
resources for our corporate and institutional clients. They also facilitate
profitable deployment of resources for their individual and institutional
investors.
Their people are
intensely - and perpetually - client-focused. Clients in turn appreciate their
knowledge, integrity, teamwork and quality of execution.
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. 49.96 |
|
|
1 |
Rs.77.74 |
|
Euro |
1 |
Rs. 65.08 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
|
49 |
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.