MIRA
INFORM REPORT
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Report Date : |
27.07.2012 |
IDENTIFICATION DETAILS
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Name : |
SHARANYA MARKETING PRIVATE LIMITED (w.e.f. 29.12.2000) |
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Formerly Known
As : |
SHARANYA STEELS PRIVATE LIMITED |
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Registered
Office : |
48, Journalist Colony, II Floor, Above State Bank Of Indore, J.C. Road, Bangalore – 560002, Karnataka |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
19.09.1997 |
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Com. Reg. No.: |
08-022800 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U27100KA1997PTC022800 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRS14718E |
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PAN No.: [Permanent Account No.] |
AAHCS1783Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Specializing in Providing Packaging Solutions like Induction Cap
Sealing System and Cartoning Machines. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 3000 |
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Status : |
Small company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities are
limited. Trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.
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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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
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 |
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.
LOCATIONS
|
Registered Office : |
48, Journalist Colony, II Floor, Above State Bank Of Indore, J.C. Road, Bangalore – 560002, Karnataka, India |
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Tel. No.: |
91-80-26708071/ 26707779 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Branches : |
Located at: · Bangalore · Chennai · Coimbatore · Delhi · Hyderabad · Kochi · Kolkata · Mumbai |
DIRECTORS
As on: 29.09.2011
|
Name : |
Mr. Suneet Khosla |
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Designation : |
Director |
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Address : |
No. 72, Ferns Residency, K. Narayanapura, Kothannur PO, Bangalore -
560043, Karnataka, India |
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Date of Birth/Age : |
13.05.1956 |
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Date of Appointment : |
19.09.1997 |
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DIN No.: |
02020289 |
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Other Directorship :
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Name : |
Mr. Shakti Khosla |
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Designation : |
Director |
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Address : |
No. 72, Ferns Residency, K. Narayanapura, Kothannur PO, Bangalore -
560043, Karnataka, India |
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Date of Birth/Age : |
02.08.1966 |
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Date of Appointment : |
14.08.2000 |
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DIN No.: |
02020309 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2011
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Names of Shareholders |
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No. of Shares |
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Suneet Khosla |
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5000 |
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Shakti Khosla |
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5000 |
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Total |
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10000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2011
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Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
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Total
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|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Specializing in Providing Packaging Solutions like Induction Cap
Sealing System and Cartoning Machines. |
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Products : |
·
Linear and Rotary Volumetric Filling of Liquid , Viscous
, Powder and Granular Products ·
Liquid Nitrogen Dosing ·
Capping ·
Induction Sealing ·
Labelling and Print and Apply System ·
Metal Detection ·
Cartonator ·
Form Fill Seal Machines ·
Dust Control and Pneumatic Conveying ·
Form fill Seal Machine – vertical and horizontal ·
Metal Detectors and Checkweighers ·
Induction Sealing Machines ·
Dust Control, Pneumatic Conveying ·
BOPP Overwrapping, Collating, Parceling, Case
Packing, Case Erection ·
Depalletizing and Palletising of Cans, Bottles
Jars etc. ·
Pouch Case Packing and Bagging ·
Counting and filling into Jars and Pouches ·
Half tray packing and shrink wrapping ·
Automation solution Spiral conveyors
loders/unloaders, multiline trafficking, integration solutions |
GENERAL INFORMATION
|
Customers : |
·
Perfetti Van Melle ·
Nestle ·
Cadbury ·
ITC (Foods) ·
Tata Global Beverage ·
Tata Coffee ·
Vyhan Coffee ·
Continental Coffee ·
AVT Mc Cormic ·
Amalgamated Bean Coffee (Coffee Day) ·
Strides Arcolab ·
Medreich ·
Dr. Reddy’s Lab ·
British Biological ·
Wipro ·
Hindustan Unilever ·
Emami ·
Dabur ·
Himalaya Drugs ·
Eastern Spices ·
VKL Spices ·
MTR ·
Sakthi Masala ·
Nilon’s ·
ADF |
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No. of Employees : |
Not Available |
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Bankers : |
· Standard Chartered Bank ·
ICICI Bank Limited |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
P V Menon and Associates Chartered Accountants |
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Address : |
101, 1st Floor, 18the Main, 6th Block, Koramangala, Bangalore –
560095, Karnataka, India |
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Tel. No.: |
91-80-25537157/ 25504853 |
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Fax No.: |
91-80-41303419 |
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PAN No.: |
AAAFP8838K |
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 :
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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
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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 |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.140 |
0.140 |
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3] Reserves & Surplus |
0.637 |
1.770 |
0.811 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.737 |
2.010 |
1.051 |
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LOAN FUNDS |
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1] Secured Loans |
0.051 |
0.137 |
0.374 |
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2] Unsecured Loans |
0.842 |
0.270 |
0.714 |
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TOTAL BORROWING |
0.893 |
0.407 |
1.088 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1.630 |
2.417 |
2.139 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.384 |
0.555 |
0.751 |
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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 |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
0.000 |
0.000 |
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Sundry Debtors |
0.250
|
0.980 |
0.475 |
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Cash & Bank Balances |
0.135
|
0.310 |
0.273 |
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Other Current Assets |
0.111
|
0.143 |
0.186 |
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Loans & Advances |
1.435
|
0.887 |
0.872 |
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Total
Current Assets |
1.931
|
2.320 |
1.806 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
0.000
|
0.000 |
0.000 |
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Other Current Liabilities |
0.685
|
0.458 |
0.418 |
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Provisions |
0.000
|
0.000 |
0.000 |
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Total
Current Liabilities |
0.685
|
0.458 |
0.418 |
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Net Current Assets |
1.246
|
1.862 |
1.388 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1.630 |
2.417 |
2.139 |
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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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SALES |
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Turnover |
5.219 |
|
6.908 |
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Other Income |
NA |
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NA |
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TOTAL |
NA |
7.275 |
NA |
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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 |
NA |
5.632 |
NA |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(0.981) |
1.643 |
1.551 |
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Less/ Add |
DEPRECIATION/ AMORTISATION |
0.152 |
0.224 |
0.294 |
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PROFIT BEFORE
TAX |
(1.133) |
1.419 |
1.257 |
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Less |
TAX |
0.000 |
0.460 |
0.537 |
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PROFIT/ (Loss)
AFTER TAX |
(1.133) |
0.959 |
0.720 |
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Earnings/(Loss)
Per Share (Rs.) |
(113.30) |
-- |
-- |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA |
13.18 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
(48.94) |
50.95 |
49.16 |
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Return on Investment (ROI) (PBT/Networth) |
|
(1.54) |
0.71 |
1.20 |
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Debt Equity Ratio (Total Liability/Networth) |
|
2.14 |
0.43 |
1.43 |
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Current Ratio (Current Asset/Current Liability) |
|
2.82 |
5.07 |
4.32 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
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5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
Yes |
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8] |
No. of employees |
No |
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9] |
Name of person contacted |
No |
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10] |
Designation of contact person |
No |
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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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
FIXED ASSETS:
· Furniture and Fixtures
· Computers
· Car Maruthi-Chennai
· Car Maruthi-Cochin
· Car Santro-Hyderabad
· Car Indica
· Motor Bike
· Fax Machine
· Printer
· Mobile
· UPS
AS PER WEBSITE DETAILS:
PROFILE
Subject is an all India marketing organization
representing various companies from India and abroad for marketing their
machinery. They at Subject offer turnkey proven solutions through established
manufacturers. There customers will have the benefit of a single point contact
for all their PROCESSING AND PACKAGING SOLUTIONS.
Subject has its Head Office at Bangalore and
has a pan Indian presence with branches in Bangalore, Chennai, Coimbatore,
Delhi, Hyderabad, Kochi, Kolkata and Mumbai. The company was set up fifteen
years ago and is headed and managed by an experienced team of professionals.
Recently Subject has increased its association
with various European and American manufacturers to give additional solutions,
keeping in mind the requirements for higher speed and better technology.
Subject has catered to requirements of
Packaging Machinery, Packaging Material or Automation Conveying. This has been
done through various Principals whom SMPL represented or is still representing.
Through offices across the country, they have had the unique pleasure of
catering to valued needs of a large number of satisfied customers.
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 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.56.95 |
|
|
1 |
Rs.86.56 |
|
Euro |
1 |
Rs.67.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.