|
Report Date : |
26.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Formerly Known
As : |
I.B.D TRADING AND FINANCE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1007/1008 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
15.12.1986 |
|
|
|
|
Com. Reg. No.: |
11-041894 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.980 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1986PLC041894 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMI05067G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI1048K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributor of Book and Magazine. |
|
|
|
|
No. of Employees
: |
300 (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 |
|
Maximum Credit Limit : |
USD 480000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track.
Profitability appears to be low. However, trade relations are reported as decent. 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.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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
|
Name : |
Mr. Ashok Joshi |
|
Designation : |
Director |
|
Contact No.: |
91-22-40795617/00 |
|
Date : |
25.07.2012 |
LOCATIONS
|
Registered Office / Head Office : |
1007/1008 Arcadia Building, 11th Floor 195, Nariman Point, Mumbai
– 400021, Maharashtra, India |
|
Tel. No.: |
91-22-40769200/01/22825220/22824646/22872528/22872532/22824691 |
|
Fax No.: |
91-22-22872531 |
|
E-Mail : |
|
|
Website : |
http://ibd.co.in (Under Constriction) |
|
Location : |
Owned |
|
|
|
|
Sales Showroom 1: |
Samitha Warehouse Complex, Plot No. 8-B, Gala No:- 18-22,
Near Sakinaka Telephone Exchange, Next to Crown Mill, Safed Pool, Andheri
Kurla Road, Andheri (East), Mumbai – 400072, Maharashtra, India |
|
Tel. No.: |
91-22-28512770/814, 40798600/01/02 |
|
Fax No.: |
91-22-23879421 |
|
E-Mail : |
|
|
|
|
|
Sales Showroom 2: |
New Majestic Shopping Centre, Basement 2,19 and 20, Sir
J.S.S. Marg, Girgaum, Charni Road, Mumbai – 400004, Maharashtra, India |
|
Tel. No.: |
91-22-23870879/23879421/40226777 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Shop No.16 – 20,Hidayat Building, Hidayatullah Road, Next To
Poona College Camp, Pune – 411001, Maharashtra, India |
|
Tel. No.: |
91-20-26459189/26430636/30228463/64 |
|
E-Mail : |
|
|
|
|
|
Branch Office: |
Located At · Pune · Bangalore · Hyderabad · Chennai · New Delhi · Kolkata |
DIRECTORS
As on 30.09.2011
|
Name : |
Mrs. Hrushita
Jai Advani |
|
Designation : |
Director |
|
Address : |
42, Ashutosh,
Nepeansea Road, Mumbai – 400 026, Maharashtra, India |
|
Date of Birth/Age : |
13.08.1967 |
|
Date of Appointment : |
15.05.1998 |
|
DIN No.: |
00353566 |
|
|
|
|
Name : |
Mr. Harkishan Dulhinomal Chatlani |
|
Designation : |
Managing Director |
|
Address : |
142, Kshitij,47,
Nepeansea Road, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
19.09.1939 |
|
Date of Appointment : |
15.12.1986 |
|
DIN No.: |
00353622 |
|
|
|
|
Name : |
Mr. Kamal Metharam Jagwani |
|
Designation : |
Managing Director |
|
Address : |
502, Samudra
Warden Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
11.02.1940 |
|
Date of Appointment : |
15.12.1986 |
|
DIN No.: |
00353668 |
|
|
|
|
Name : |
Mrs. Priya Lalit Advani |
|
Designation : |
Director |
|
Address : |
71, Devi Bhavan,
Nepeansea Road, Mumbai – 400 026, Maharashtra, India |
|
Date of Birth/Age : |
23.04.1969 |
|
Date of Appointment : |
15.05.1998 |
|
DIN No.: |
00353743 |
|
|
|
|
Name : |
Mrs. Jaya Harkishan Chatlani |
|
Designation : |
Director |
|
Address : |
142, Kshitij,47, Nepeansea Road, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
25.05.1973 |
|
Date of Appointment : |
15.05.1998 |
|
DIN No.: |
00353824 |
|
|
|
|
Name : |
Miss. Bhawna Kamal Jagwani |
|
Designation : |
Director |
|
Address : |
A-23, Sterling Apartment
12th Floor, 38 Peddar Road, Mumbai – 400 026, Maharashtra, India |
|
Date of Birth/Age : |
07.08.1984 |
|
Date of Appointment : |
01.06.2005 |
|
DIN No.: |
00354038 |
|
|
|
|
Name : |
Miss. Meghna Kamal Jagwani |
|
Designation : |
Director |
|
Address : |
A-23, Sterling Apartment 12th Floor, 38 Peddar Road, Mumbai – 400 026,
Maharashtra, India |
|
Date of Birth/Age : |
1110.1985 |
|
Date of Appointment : |
15.12.1986 |
|
DIN No.: |
00354077 |
|
|
|
|
Name : |
Mr. Ashok Omkarlal Joshi |
|
Designation : |
Whole time Director |
|
Address : |
3303,
Siddhivinayak Tower, Orlem Tank Road, Malad, Mumbai 400064, Maharashtra,
India |
|
Date of Birth/Age : |
28.02.1957 |
|
Date of Appointment : |
01.10.2004 |
|
DIN No.: |
00354967 |
|
|
|
|
Name : |
Ms. Anita Jivatram Mansukhani |
|
Designation : |
Whole time Director |
|
Address : |
10Crest, 85,
Warden Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
14.03.1951 |
|
Date of Appointment : |
01.10.2004 |
|
DIN No.: |
00355169 |
|
|
|
|
Name : |
Miss. Sunaina Kamal Jagwani |
|
Designation : |
Director |
|
Address : |
A-23, Sterling Apartment 12th Floor, 38 Peddar Road, Mumbai – 400 026,
Maharashtra, India |
|
Date of Birth/Age : |
28.02.1987 |
|
Date of Appointment : |
01.06.2005 |
|
DIN No.: |
00356457 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Harikrishan Chatlani |
|
45000 |
|
Harikrishan Chatlani (HUF) |
|
64500 |
|
Harikrishan Chatlani On behalf of Ruki D. Chatlani (Family trust) |
|
1000 |
|
Priya Chatlani |
|
28500 |
|
Jaya R. Buxani |
|
28500 |
|
Harshita Advani |
|
7500 |
|
Kamal Jagwani |
|
49400 |
|
Kamal Jagwani On behalf of IBD Delhi |
|
110000 |
|
Kamal Jagwani On behalf of IBD Mumbai |
|
50000 |
|
Veena Jagawani |
|
16200 |
|
Bhawna Jagwani |
|
15400 |
|
Meghna Jagwani |
|
15300 |
|
Harish Jagwani |
|
1200 |
|
Rahul Jagwani |
|
12500 |
|
Sunaina Jagwani |
|
15000 |
|
Jaya R. Buxani on behalf of IBD Delhi |
|
99000 |
|
Priya Lalit Advani on behalf of IBD Delhi |
|
11000 |
|
Kamal Metharam Jagwani on behalf of IBD Chennai |
|
24350 |
|
Priya Lalit Advani on behalf of IBD Chennai |
|
21960 |
|
Mrs. Hrushita Advani on behalf of IBD Chennai |
|
2440 |
|
Kamal Jagwani on behalf of IBD Banglore |
|
29650 |
|
Hrushita Advani on behalf of
IBD Banglore |
|
26640 |
|
Jaya Chatlani on behalf of IBD Banglore |
|
2960 |
|
Harkishan Chatlani on behalf of IBD Calcutta |
|
17500 |
|
Kamal Jagwani on Behalf of IBD Calcutta |
|
17500 |
|
Priya Lalit Advani on Behalf of IBD Pune |
|
6750 |
|
Jaya Chatlani on behalf of IBD Pune |
|
750 |
|
Kamal Jagwani on behalf of IBD Pune |
|
7500 |
|
Book Distributors (India) Private Limited |
|
60000 |
|
Beeveebee Investment and Trading Private Limited |
|
60000 |
|
Saver Agencies Private Limited |
|
50000 |
|
Godsell Trading and Finance Company
Private Limited |
|
50000 |
|
IBD Electronics Private Limited |
|
50000 |
|
|
|
|
|
Total |
|
998000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Bodies corporate |
27.05 |
|
Directors or relatives of Directors |
72.95 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Book and Magazine. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit |
GENERAL INFORMATION
|
Customer: |
·
Wholesalers ·
Retailers |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
300 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
HDFC Bank Limited, HDFC Bank, House Senapati Bapat Marg, Lower Parel
(West), Mumbai – 400013, Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
CC: Rs.30.000 Millions (Rs. in Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.M Sancheti and Company Chartered Accountants |
|
Address : |
610, Raheja Centre, Nariman Point, Mumbai – 400021, Maharashtra, India
|
|
Tel. No.: |
91-22-22832626 |
|
E-Mail : |
|
|
PAN.: |
AAOFS4700P |
|
|
|
|
Entities in
which Key Management Personnel are having
substantial Interest: |
·
Saver Agencies Private Limited ·
Beeveebee Investment & Trading Company
Private Limited ·
IBD Electronics Private Limited ·
Godsell Trading and Finance Company Private
Limited ·
Book Distributors (India) Private Limited ·
Modem Marketing Corporation |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5250000 |
Equity Shares |
Rs.10/- each |
Rs.52.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
998000 |
Equity Shares |
Rs.10/- each |
Rs.9.980
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 |
9.980 |
9.980 |
9.980 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
110.480 |
105.621 |
99.252 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
120.460 |
115.601 |
109.232 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
7.202 |
2.803 |
2.379 |
|
|
2] Unsecured Loans |
11.116 |
11.116 |
10.150 |
|
|
TOTAL BORROWING |
18.318 |
13.919 |
12.529 |
|
|
DEFERRED TAX LIABILITIES |
0.992 |
0.430 |
0.964 |
|
|
|
|
|
|
|
|
TOTAL |
139.770 |
129.951 |
122.725 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
36.778 |
13.488 |
13.966 |
|
|
Capital work-in-progress |
1.370 |
18.847 |
4.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.060 |
0.302 |
0.301 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
157.212
|
114.068 |
85.956 |
|
|
Sundry Debtors |
216.911
|
202.331 |
169.281 |
|
|
Cash & Bank Balances |
38.403
|
59.786 |
37.020 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
14.513
|
8.929 |
40.134 |
|
Total
Current Assets |
427.039
|
385.114 |
332.391 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
297.738
|
259.643 |
173.860 |
|
|
Other Current Liabilities |
19.284
|
22.107 |
30.416 |
|
|
Provisions |
8.455
|
6.050 |
23.657 |
|
Total
Current Liabilities |
325.477
|
287.800 |
227.933 |
|
|
Net Current Assets |
101.562
|
97.314 |
104.458 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
139.770 |
129.951 |
122.725 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
588.427 |
527.401 |
443.026 |
|
|
|
Other Income |
5.295 |
10.351 |
3.390 |
|
|
|
TOTAL (A) |
593.722 |
537.752 |
446.416 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
498.440 |
442.697 |
347.224 |
|
|
|
Direct Expenses |
11.210 |
11.066 |
17.305 |
|
|
|
Employees Remuneration and Benefits |
36.364 |
32.112 |
34.874 |
|
|
|
Administrative Selling and Other Expenses |
34.817 |
35.625 |
35.809 |
|
|
|
TOTAL (B) |
580.831 |
521.500 |
435.212 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
12.891 |
16.252 |
11.204 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.233 |
3.947 |
4.142 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.658 |
12.305 |
7.062 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.994 |
3.069 |
2.214 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
6.664 |
9.236 |
4.848 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
1.804 |
3.032 |
1.368 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
4.860 |
6.204 |
3.480 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
85.374 |
79.006 |
75.526 |
|
|
|
|
|
|
|
|
|
Less |
SHORT
/(EXCESS) PROVISION OF EARLIER YEARS |
0.000 |
(0.164) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
90.234 |
85.374 |
79.006 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Book, Magazines and Periodicals |
84.813 |
126.596 |
148.893 |
|
|
TOTAL IMPORTS |
84.813 |
126.596 |
148.893 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.87 |
6.05 |
3.49 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
620.000 |
Expected Sales (2012-2013): Rs.750.000 Millions
The above information has been parted by Mr. Ashok Joshi – Director
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.82
|
1.15 |
0.78 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.13
|
1.75 |
1.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.56
|
2.40 |
1.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.08 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.85
|
2.61 |
2.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31
|
1.34 |
1.46 |
LOCAL AGENCY FURTHER INFORMATION
Sundry Creditors Details:
Rs. In Millions
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
Micro, Small and Medium Enterprise |
- |
- |
- |
|
Others |
297.738
|
259.643 |
173.860 |
|
Total |
297.738
|
259.643 |
173.860 |
|
Sr. No. |
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 |
No |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
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 |
-- |
|
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 |
|
31] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
32] |
Passport No of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
PERFORMANCE:
During the year
the Company reported total income of Rs.593.723 Millions in comparison to
Rs.537.752 Millions of previous year. After making necessary provisions, the
net profit is of Rs.4.859 Millions in comparison to Net Profit of Rs.6.203
Millions of previous year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of charge |
|
Corporate identity number of the company |
L51900MH1986PLC041894 |
|
Name of the company |
INDIA BOOK DISTRIBUTERS (BOMBAY) LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
1007/1008 Arcadia Building, 11th Floor 195, Nariman Point, Mumbai
– 400021, Maharashtra, India |
|
Type of charge |
Book Debts Movable Property Floating Charge Plant And Machinery |
|
CIN |
L65920MH1994PLC080618 |
|
Particular of charge holder |
HDFC Bank Limited, HDFC Bank, House Senapati Bapat Marg, Lower Parel
(West), Mumbai – 400013, Maharashtra, India Email: vlaxman@vsnl.com |
|
Nature of description of the instrument creating or modifying the
charge |
Letter of Hypothecation of Stocks, Book Debts and Machinery. |
|
Date of instrument Creating the charge |
11.09.2006 |
|
Amount secured by the charge |
Rs.30.000 Millions |
|
Brief particulars of the principal terms an conditions and extent and
operation of the charge |
Rate of Interest The Bank Interest at the rate as may be communicated by the Bank to
Company from time to time. Terms of Repayment The said dues shall be payable by the company to the Bank on demand
made by the bank on the company. The bank shall be entitled to demand payment
of all or any of the said dues at any time from the company. Margin The Borrower shall at all times during the continuance of this
security maintain the said goods, debts and machinery of a sufficient
quantity and value (as estimated by the Bank) so as to provide the margin of
security as may from time to time be advised by the Bank to the Borrower. Extent and Operation of the charge The goods, debts and plant and machinery stated in 14 shall be the
continuing security for the due repayment by the Borrower to the Bank at any
time on demand. The bank shall be entitled to demand payment of all or any of
the said dues at any time from the company.] |
|
Short particulars of the property charged |
Hypothecation by way of sole and exclusive charge to the Bank the
following: a) All the stock in trade both present and future consisting of
raw materials, finished goods, goods in process of manufacturing, trading and
other merchandise whatsoever being movable properties now or at any time
hereafter belonging to Borrower or at its disposal and now or at any time and
from time to time hereafter stored or to be stored or brought into or upon or
in course of transi. |
FIXED ASSETS
·
Goodwill
·
Furniture and Fixture
·
Office Equipment
·
Electrical Equipment
·
Typewriter
·
Air Conditioner
·
Motor Car
·
Computer
·
Motor Vehicle (Cycle)
·
Motor Vehicle (Two
Wheeler)
·
Motor Vehicle (Delivery
Van)
·
Warehouse at Bhiwandi
·
Andheri Office Galas
·
Flooring
·
Music System
·
CCTv
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.56.37 |
|
|
1 |
Rs.87.44 |
|
Euro |
1 |
Rs.68.04 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
YES |
|
--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.