MIRA
INFORM REPORT
|
Report Date : |
05.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
RAJPRIYA REALTY SERVICES PRIVATE LIMITED |
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Registered
Office : |
303, Super Market, Nr. Police Station, Ramnagar, Sabarmati, Ahmedabad
– 380005, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of Incorporation : |
16.10.2006 |
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Com. Reg. No.: |
04-049233 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U70109GJ2006PTC049233 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
AHMR05668F |
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PAN No.: [Permanent Account No.] |
AADCR4714J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Service provider of Architects, Interiors and Engineer
works. |
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No. of Employees
: |
5 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small company having poor track. The company
has incurred loss during the year 2011 which is in excess of its networth.
There also appears some accumulated losses during the years. Business is active. Payments are reported as very slow. The company can be considered for small 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 – 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 |
|
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. Robin Rajpriya |
|
Designation : |
Director |
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Contact No.: |
91-9426725627 |
|
Date : |
27.06.2012 |
LOCATIONS
|
Registered Office : |
303, Super Market, Nr. Police Station, Ramnagar, Sabarmati, Ahmedabad
– 380005, |
|
Tel. No.: |
Not Available |
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Mobile No.: |
91-9426725627 (Mr. Robin Rajpriya) |
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Fax No.: |
Not Available |
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E-Mail : |
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Area : |
6000 sq. ft. |
|
Location : |
Owned |
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Administrative Office : |
304, |
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Tel. No.: |
91-79-30177512 |
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Fax No.: |
91-79-30177512 |
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Area : |
460 sq. ft. |
|
Location : |
Rented |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Robin Ramkumar Rajpriya |
|
Designation : |
Director |
|
Address : |
17, Rajtilak Rowhouse, Bodakdev, Vastrapur, Ahmedabad – 380054, |
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Date of Birth/Age : |
10.09.1964 |
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Date of Appointment : |
16.10.2006 |
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DIN No.: |
00770934 |
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Name : |
Mrs. Dipali Robin Rajpriya |
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Designation : |
Director |
|
Address : |
17, Rajtilak Rowhouse, Bodakdev, Vastrapur, Ahmedabad – 380054, |
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Date of Birth/Age : |
22.11.1966 |
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Date of Appointment : |
16.10.2006 |
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DIN No.: |
00770979 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
Robin Ramkumar Rajpriya |
|
5000 |
|
Dipali Robin Rajpriya |
|
5000 |
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TOTAL |
|
10000 |
(AS ON 30.09.2011)
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
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Directors or relatives of directors |
|
100.00 |
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Service provider of Architects, Interiors and Engineer
works. |
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Products : |
·
PVC Foam Sheet ·
PVC Wood ·
PVC Profile ·
PVC Door/Window ·
PVC Modular Kitchen Furniture |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
Jain Irrigation Systems Limited |
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Customers : |
Avani Engineers |
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No. of Employees : |
5 (Approximately) |
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Bankers : |
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Facilities : |
Cash Credit Rs. 1.100 Millions (From Indian Overseas Bank)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Alkesh Patel and Associates Chartered Accountants |
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Address : |
106, "SHAA" Nr. Sakar-II,
Nr. Sanyash ashram, Ashram Road, Ellisbridge, Ahmedabad – 380006, Gujarat,
India |
|
PAN NO.: |
AFUPP7672L |
CAPITAL STRUCTURE
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
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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 |
|
|
SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.000 |
0.085 |
0.064 |
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4] (Accumulated Losses) |
(0.087) |
0.000 |
0.000 |
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NETWORTH |
0.013 |
0.185 |
0.163 |
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LOAN FUNDS |
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1] Secured Loans |
0.404 |
0.632 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.404 |
0.632 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
0.417 |
0.817 |
0.163 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.065 |
1.196 |
0.000 |
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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 |
0.031 |
0.002 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
0.000 |
0.103 |
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Sundry Debtors |
0.651
|
0.224 |
0.440 |
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Cash & Bank Balances |
0.008
|
0.070 |
0.045 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.056
|
0.048 |
0.034 |
|
Total
Current Assets |
0.715
|
0.342 |
0.622 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
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|
Sundry Creditor |
1.359
|
0.665 |
0.421 |
|
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Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.040
|
0.067 |
0.052 |
|
Total
Current Liabilities |
1.399
|
0.732 |
0.473 |
|
|
Net Current Assets |
(0.684)
|
(0.390) |
0.149 |
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|
MISCELLANEOUS EXPENSES |
0.005 |
0.009 |
0.014 |
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TOTAL |
0.417 |
0.817 |
0.163 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
0.914 |
|
2.054 |
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Other Income |
0.001 |
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TOTAL (A) |
0.915 |
1.175 |
2.054 |
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Less |
EXPENSES |
|
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|
|
|
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|
Purchases and Direct Expenses |
0.000 |
0.298 |
1.391 |
|
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|
Increase / (Decrease) in Closing stock |
0.000 |
0.103 |
(0.103) |
|
|
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Payment to Employees |
0.438 |
0.430 |
0.549 |
|
|
|
Administration Expenses |
0.373 |
0.203 |
0.070 |
|
|
|
Preliminary Expenses W/o |
0.005 |
0.005 |
0.005 |
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TOTAL (B) |
0.816 |
1.039 |
1.912 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.099 |
0.136 |
0.142 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.300 |
0.105 |
0.000 |
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PROFIT / LOSS
BEFORE TAX (E-F) (G) |
(0.201) |
0.031 |
0.142 |
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Less |
TAX (H) |
(0.029) |
0.010 |
0.028 |
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PROFIT / LOSS
AFTER TAX (G-H) (I) |
(0.172) |
0.021 |
0.114 |
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|
Add |
PREVIOUS
YEARS’ BALANCE / LOSS BROUGHT FORWARD |
0.085 |
0.064 |
(0.050) |
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BALANCE / LOSS
CARRIED TO THE B/S |
(0.087) |
0.085 |
0.064 |
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|
Earnings / Loss Per Share (Rs.) |
(17.22) |
2.11 |
11.41 |
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Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
6.500 |
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|
Expected Sales (2012-2013) : Rs. 10.000 Millions
The above information has been parted by Mr. Robin Rajpriya
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(18.80)
|
1.79 |
5.55 |
|
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Net Profit Margin (PBT/Sales) |
(%) |
(21.99)
|
NA |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
(11.10)
|
1.61 |
438.03 |
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Return on Investment (ROI) (PBT/Networth) |
|
(15.46)
|
0.17 |
0.87 |
|
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|
Debt Equity Ratio (Total Liability/Networth) |
|
138.69
|
7.37 |
2.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.51
|
0.47 |
1.32 |
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
Yes |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
Yes |
|
Name of Person Contacted |
Yes |
|
Designation of Contact person |
Yes |
|
Turnover of Firm for last three years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
------------ |
|
Estimation for coming financial year |
Yes |
|
Capital in the business |
Yes |
|
Details of sister concerns |
No |
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Major Suppliers |
No |
|
Major Customers |
No |
|
Payments Terms |
Yes |
|
Export/ Imports Details (If applicable) |
No |
|
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 |
OPERATIONS:
During the year
the company has achieved turnover and other direct income of Rs. 0.914 Million.
The Directors are confident to expand the business activities in the current
year as well.
FIXED ASSETS:
- Honda City
Car
- Furniture
- Printer
- Tools and
Equipments
- Air Condition
TRADE REFERENCES:
- Jain
Irrigation Systems Limited
- Avani
Engineers
WEBSITE DETAILS
PROFILE
Subject
is team of Architects, Interiors and Engineers working since 1986 initially
known as ‘Rajpriya Designs’.
Looking to current customer requirement subject was commenced in 2006 with its associates, specialised in all different segment of Realty business, with a motto to provide the best quality of services with dedication and hard work.
They also work as trader of many products used in interior
and exterior segment. They offer a wide range of consumer products and others
that are appreciated in the market for quality, durability and high end
performance. All these products are procured from trustworthy manufacturers who
are renowned and faithful in the market. They verify the products properly to
ensure that they are manufactured as per the specified parameters and standards
set by the concerned authorities.
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. 54.55 |
|
|
1 |
Rs. 85.48 |
|
Euro |
1 |
Rs. 68.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
ACH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
11 |
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.