MIRA
INFORM REPORT
|
Report Date : |
06.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
REGE IMAGING AND CINE FILMS PRIVATE LIMITED |
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Registered
Office : |
G.F. 6, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
02.01.1992 |
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Com. Reg. No.: |
55-046990 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.191 Million |
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CIN No.: [Company Identification
No.] |
U74899DL1992PTC046990 |
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IEC No.: |
0500057273 |
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TIN No.: |
07750155987 |
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PAN No.: [Permanent Account No.] |
AAACR0780M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Medical Equipments. |
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No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 65000 |
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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 a well 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 good for normal 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) |
|
|
A1 |
A1 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
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. Gurpreet Singh Suri |
|
Designation : |
Director |
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Contact No.: |
91-11-41538407 |
|
Date : |
23.06.2012 |
LOCATIONS
|
Registered Office : |
G.F. 6, |
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Tel. No.: |
91-11-41538512/ 41538513 / 41538407 |
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Mobile No.: |
91-9811708688 (Mr. Gurpreet Singh Suri) 91-9871227158 (Mr. Bhavan) |
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Fax No.: |
91-11-25746707 |
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E-Mail : |
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Website : |
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Area : |
385 Sq. ft. |
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Location : |
Owned |
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Warehouse : |
B 5, |
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Tel. No. : |
91-11-25854803 |
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Fax No. : |
91-11-25746707 |
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Area : |
551 Sq. ft. |
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Location : |
Owned |
DIRECTORS
As on 15.09.2011
|
Name : |
Ms. Gurmeet Kaur |
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Designation : |
Director |
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Address : |
31/25, GF East Patel Nagar, |
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Date of Birth/Age : |
47 Years |
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Qualification : |
Graduate |
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Date of Appointment : |
10.06.1992 |
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DIN No.: |
00055950 |
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Name : |
Mr. Bhajan Singh Suri |
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Designation : |
Director |
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Address : |
31/25, GF East Patel Nagar, |
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Date of Birth/Age : |
80 Years |
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Qualification : |
Graduate |
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Date of Appointment : |
02.01.1992 |
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DIN No.: |
00055845 |
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Name : |
Mr. Gurpreet Singh Suri |
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Designation : |
Director |
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Address : |
31/25, GF East Patel Nagar, |
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Date of Birth/Age : |
25 Years |
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Qualification : |
Graduate |
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Date of Appointment : |
28.01.2005 |
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DIN No.: |
00055912 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 15.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Bhajan Singh Suri |
|
13900 |
|
Gurmeet Kaur |
|
5200 |
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Total
|
|
19100 |
List of Allottees
|
Names of Allottees |
|
No. of Shares
Allotted |
|
Bhajan Singh Suri |
|
18870 |
As on 15.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
|
Percentage of Holding |
|
Directors
or relatives of directors |
|
100.00 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Medical Equipments. |
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Products : |
v X Ray Consumable v
Radiation
Protection Items v
X Ray
Accessories |
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Terms : |
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Selling : |
Cash and Credit (30 Days) |
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Purchasing : |
Cash and Credit (30 Days) |
GENERAL INFORMATION
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Customers : |
Wholesalers and Retailers v
AIIMS v
Safdarjung
hospital v
RML
hospital v
Armed
forces (throughout v
Max
hospitals v
Fortis
Hospitals |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
State Bank of |
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Facilities : |
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Banking Relations
: |
-- |
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Auditors : |
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Name : |
S. Bahl and Company Chartered Accountants |
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Address : |
LGF-69-70, |
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PAN No.: |
AAIFS7562B |
CAPITAL STRUCTURE
After 15.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
37970 |
Equity Shares |
Rs.10/- each |
Rs.0.380 Million |
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As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
19100 |
Equity Shares |
Rs.10/- each |
Rs.0.191 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 |
0.191 |
0.191 |
0.191 |
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2] Share Application Money Received |
0.189 |
0.189 |
0.189 |
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3] Reserves & Surplus |
15.887 |
12.604 |
8.770 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
16.267 |
12.984 |
9.150 |
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LOAN FUNDS |
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1] Secured Loans |
0.138 |
0.792 |
0.360 |
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2] Unsecured Loans |
0.000 |
0.000 |
5.749 |
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TOTAL BORROWING |
0.138 |
0.792 |
6.109 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
16.405 |
13.776 |
15.259 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.017 |
1.677 |
1.784 |
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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 |
0.093 |
0.075 |
0.068 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
4.452
|
3.174
|
6.160
|
|
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Sundry Debtors |
5.670
|
4.789
|
5.750
|
|
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Cash & Bank Balances |
6.177
|
3.398
|
0.406
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
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Loans & Advances |
5.146
|
5.347
|
3.972
|
|
Total
Current Assets |
21.445
|
16.708
|
16.288 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
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|
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Sundry Creditors |
3.554
|
0.535
|
0.599 |
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Other Current Liabilities |
0.375
|
0.363
|
0.140 |
|
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Provisions |
3.221
|
3.786
|
2.142
|
|
Total
Current Liabilities |
7.150
|
4.684
|
2.881
|
|
|
Net Current Assets |
14.295
|
12.024
|
13.407
|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
16.405 |
13.776 |
15.259 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
56.471 |
56.461 |
51.001 |
|
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Other Income |
0.645 |
0.083 |
0.025 |
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|
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TOTAL |
57.116 |
56.544 |
51.026 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
52.092 |
50.745 |
47.594 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.024 |
5.799 |
3.432 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.287 |
0.227 |
0.258 |
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PROFIT BEFORE
TAX |
4.737 |
5.572 |
3.174 |
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Less |
TAX |
1.454 |
1.737 |
1.088 |
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PROFIT AFTER TAX
|
3.283 |
3.835 |
2.086 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
12.604 |
8.770 |
6.684 |
|
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BALANCE CARRIED
TO THE B/S |
15.887 |
12.604 |
8.770 |
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IMPORT VALUE |
0.000 |
0.492 |
0.000 |
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Earnings Per
Share (Rs.) |
171.88 |
200.76 |
109.19 |
|
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Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
52.000 |
Expected Sales (2012-2013): Rs.60.000 Millions
The above information has been parted by Mr. Gurpreet Singh Suri.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.75
|
6.78
|
4.09
|
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|
Net Profit Margin (PBT/Sales) |
(%) |
8.39
|
9.87
|
6.22
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.19
|
30.31
|
17.56
|
|
|
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|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.43
|
0.35
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.45
|
0.42
|
0.98
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.00
|
3.57
|
5.65
|
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
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 |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
Yes |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
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 |
NOTE:
The registered office address has been shifted from 402, Deep Shikha, 8,
OPERATING AND
PROSPECTUS:
During the year company has achieved the turnover of Rs.56.471 Millions
in comparison to previous year turnover of Rs. 56.461 millions. The
profitability of the company has reduced by 24% as compared to last year owing
to increase in overhead expenses. The directors are optimistic about the
future.
FIXED ASSETS:
v EPABX
v Fax
v Vehicle
v Furniture and Fixture
v Building
v Office Equipments
v Computer
v Computer Software
v Scooter
v Refrigerator
v Inverter
v Stabilizer
v UPS
v Cooler
v Telephone
v
Air Conditioner
v Franking Machine
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.55.03 |
|
|
1 |
Rs.85.93 |
|
Euro |
1 |
Rs.68.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
BSN |
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 |
5 |
|
--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 |
|
45 |
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.