MIRA
INFORM REPORT
|
Report Date : |
02.07.2012 |
IDENTIFICATION DETAILS
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Name : |
PRISTINE PLANTS ( |
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Registered
Office : |
124-B, Pocket A Mayur Vihar, Phase II, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
08.08.2005 |
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Com. Reg. No.: |
55-139439 |
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Capital Investment
/ Paid-up Capital : |
Rs. 1.500 Millions |
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CIN No.: [Company Identification
No.] |
U29251DL2005PTC139439 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELP117898B |
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PAN No.: [Permanent Account No.] |
AADCP6525H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Soy Milk Extraction Equipments
and Auto Clave Units. |
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No. of Employees
: |
33 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (43) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 18000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. The company
is progressing well. 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) |
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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 |
INFORMATION PARTED BY
|
Name : |
Mr. Dibyendu Roy |
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Designation : |
Director |
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Contact No.: |
91-9811062230 |
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Date : |
29.06.201 |
LOCATIONS
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Registered Office : |
124-B, Pocket A Mayur Vihar, Phase II, New Delhi - 110091, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9811062230 (Mr. Dibyendu Roy) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Leased |
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Factory : |
16, Gurukul Industrial Area, 12/6, Mathura Road, Faridabad-121003,
Haryana, India |
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Tel. No.: |
91-129-4136901 |
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Fax No.: |
91-129-4136905 |
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Location : |
Leased |
DIRECTORS
AS ON 14.07.2011
|
Name : |
Mrs. Sarmistha Roy |
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Designation : |
Director |
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Address : |
A-124 B, Mayur Vihar, Phase-II, Delhi-110091, India |
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Date of Birth/Age : |
11.11.1981 |
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Date of Appointment : |
08.08.2005 |
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Election Commission ID No |
DL/04/038/015073 |
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DIN No : |
00109341 |
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Name : |
Mr. Dibyendu Roy |
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Designation : |
Director |
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Address : |
A-124 B, Mayur Vihar, Phase-II, Delhi-110091, India |
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Date of Birth/Age : |
16.06.1964 |
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Date of Appointment : |
20.03.2006 |
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Election Commission ID No |
DL/04/038/015072 |
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DIN No : |
00079141 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 14.07.2011)
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Names of Shareholders |
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No. of Shares |
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Sarmistha Roy |
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50000 |
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Dibyendu Roy |
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100000 |
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Total |
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150000 |
(AS ON 14.07.2011)
Equity Shares Break – up
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Category |
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Percentage |
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Directors or relatives of Directors |
|
100.00 |
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Total
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|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Soy Milk Extraction Equipments
and Auto Clave Units. |
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Exports : |
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Products : |
·
Soy Milk Extraction |
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Countries : |
·
Japan ·
US ·
UK |
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Imports : |
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Products : |
·
Machine Parts |
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Countries : |
·
USA |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS AS ON 31.03.2011
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Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
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S.S.I. Units P.a. |
-- |
NA |
120 |
-- |
GENERAL INFORMATION
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Customers : |
Wholesalers and Retailers ·
NSIC ·
NRDC ·
State Governments ·
Universities ·
ICAER Bodies ·
RSSB ·
University of Illinois ·
North Dakota ·
Rotary International ·
CIAT-TBF ·
AM-VIET Foundation · NEI (US) |
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No. of Employees : |
33 (Approximately) |
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Bankers : |
·
ICICI Bank, New Delhi, Delhi, India ·
State Bank of India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Sanjay Mittal and Company Chartered Accountant |
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Address : |
C-159/209, Lakshmi Chamber, Narain Industrial area, Phase 1, New
Delhi-110028, Delhi, India |
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Tel No.: |
91-11-25790069 |
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Fax No.: |
91-11-25797571 |
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Email : |
CAPITAL STRUCTURE
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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150000 |
Equity Shares |
Rs.10/- each |
Rs. 1.500 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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150000 |
Equity Shares |
Rs.10/- each |
Rs. 1.500 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
1.500 |
1.500 |
1.500 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
3.006 |
2.018 |
1.282 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
4.506 |
3.518 |
2.782 |
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LOAN FUNDS |
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1] Secured Loans |
0.040 |
0.113 |
0.179 |
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2] Unsecured Loans |
0.500 |
0.677 |
0.968 |
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TOTAL BORROWING |
0.540 |
0.790 |
1.147 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
5.046 |
4.308 |
3.929 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.218 |
1.066 |
1.153 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.021 |
0.016 |
0.011 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
2.598
|
2.949 |
2.251 |
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Sundry Debtors |
2.348
|
1.684 |
1.214 |
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Cash & Bank Balances |
0.509
|
0.015 |
0.738 |
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Other Current Assets |
0.524
|
0.776 |
0.000 |
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Loans & Advances |
1.164
|
1.071 |
2.283 |
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Total
Current Assets |
7.143
|
6.495 |
6.486 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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Other Current Liabilities |
2.879
|
2.914 |
3.328 |
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Provisions |
0.457
|
0.355 |
0.404 |
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Total
Current Liabilities |
3.336
|
3.269 |
3.732 |
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Net Current Assets |
3.807
|
3.226 |
2.754 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.011 |
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TOTAL |
5.046 |
4.308 |
3.929 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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TURNOVER |
16.995 |
13.206 |
12.741 |
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EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Financial Expenses |
15.211 |
12.806 |
11.451 |
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Depreciation |
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Advertising Expenses |
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TOTAL |
15.211 |
12.806 |
11.451 |
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PROFIT BEFORE
TAX |
1.439 |
1.096 |
1.244 |
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Less |
TAX |
0.452 |
0.360 |
0.459 |
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PROFIT AFTER TAX |
0.987 |
0.736 |
0.785 |
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EXPORT VALUE |
2.415 |
1.427 |
7.032 |
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IMPORTS |
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Raw Materials |
0.154 |
0.329 |
1.083 |
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TOTAL IMPORTS |
0.154 |
0.329 |
1.083 |
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Earnings Per
Share (Rs.) |
9.60 |
4.91 |
12.05 |
|
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%20PRIVATE%20LIMTIED%20-%20184864%2002-Jul-2012_files/image002.gif){kind=small}
%20PRIVATE%20LIMTIED%20-%20184864%2002-Jul-2012_files/image003.gif){kind=small}
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
20.000 |
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Expected Sales (2012-13): Rs.30.000 Millions
The above information has been parted by Mr. Dibyendu Roy
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.17
|
14.46 |
16.26 |
|
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Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.31 |
0.45 |
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|
Debt Equity Ratio (Total Liability/Networth) |
|
0.86
|
1.15 |
1.73 |
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|
|
Current Ratio (Current Asset/Current Liability) |
|
2.14
|
1.99 |
1.74 |
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
|
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Year of Establishment |
Yes |
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Locality of the Firm |
Yes |
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Constitution of the Firm |
Yes |
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Premises details |
No |
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Type of Business |
Yes |
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Line of Business |
Yes |
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Promoter’s Background |
Yes |
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No. of Employees |
Yes |
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Name of Person Contacted |
Yes |
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Designation of Contact person |
Yes |
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Turnover of Firm for last three years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
----- |
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Estimation for coming financial year |
Yes |
|
Capital in the business |
Yes |
|
Details of sister concerns |
No |
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Major Suppliers |
No |
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Major Customers |
Yes |
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Payments Terms |
Yes |
|
Export/ Imports Details (If applicable) |
Yes |
|
Market Information |
----- |
|
Litigations that the firm/ Promoters Involved in |
----- |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
----- |
|
Buyer visit details |
----- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
FINANCIAL
RESULTS:-
The company has achieved a turnover of Rs.16.995 millions and net profit
is Rs.1.439 millions (approximately). The directors are making full efforts to
enhance the business activity in future.
TRADE REFERENCE:
· Rotary International
· Illinois University
FIXED ASSETS:
·
Air Conditioner
·
Fire Extinguisher
·
Machinery
·
Water Purifier
·
Furniture
·
Electrical Fittings
·
Computer
·
Car
·
Generator
·
Mobile
·
Water Cooler
·
Water Tank
·
Water Motor
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.56.31 |
|
|
1 |
Rs.88.06 |
|
Euro |
1 |
Rs.70.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
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.