MIRA
INFORM REPORT
|
Report Date : |
04.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
SANKHYA TRADING PRIVATE LIMITED |
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Registered
Office : |
109, Prospect Chambers, 317, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
14.01.1994 |
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Com. Reg. No.: |
11-076080 |
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Capital
Investment / Paid-up Capital : |
Rs.0.991
Million |
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|
CIN No.: [Company Identification
No.] |
U51900MH1994PTC076080 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS22917G |
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|
Legal Form : |
Private Limited Liability
Company |
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Line of Business
: |
Trading in Stationery Items, Colour, and Fabrics. |
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|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 25000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION DECLINED BY
|
Name : |
Mr. Jeetu |
|
Designation : |
Accountant |
|
Contact No.: |
91-2522-271000 |
|
Date : |
02.06.2012 |
LOCATIONS
|
Registered Office : |
109, Prospect Chambers, 317, |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website: |
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Branch Office / Warehouse: |
Building No. 40, 1st Floor, Arihant Commercial Complex,
Near Kopar Bus Stop, Purna, Bhiwani-421302, |
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Tel. No.: |
91-2522-271000 |
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Fax No.: |
91-2522-270530 |
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Email: |
DIRECTORS
As on 12.09.2011
|
Name : |
Mr. Rajesh Ramballabh Goenka |
|
Designation : |
Director |
|
Address : |
109, Prospect Chambers, 317, Dr. D.N. Road, Fort, Mumbai-400001,
Maharashtra, India |
|
Date of Birth/Age : |
09.05.1962 |
|
Date of Appointment : |
01.04.1996 |
|
Din No.: |
00169395 |
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|
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|
Name : |
Mrs. Krishna Rajesh Goenka |
|
Designation : |
Director |
|
Address : |
109, Prospect Chambers, 317, Dr. D.N. Road, Fort, Mumbai-400001,
Maharashtra, India |
|
Date of Birth/Age : |
30.05.1963 |
|
Date of Appointment : |
11.03.2006 |
|
Din No.: |
00175909 |
KEY EXECUTIVES
|
Name : |
Mr. Jeetu |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 12.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Bimla Ramballabh Goenka |
|
1450 |
|
Dipti Ramballabh Goenka |
|
550 |
|
Rajesh Ramballabh Goenka |
|
4000 |
|
Mahesh Ramballabh Goenka |
|
1000 |
|
Ramballabh Bhagwati Prasad Goenka |
|
750 |
|
Krishna Rajesh Goenka |
|
2000 |
|
Yashvardhan Rajesh Goenka |
|
100 |
|
Hatim Ziaee |
|
10 |
|
Ali Ziaee |
|
10 |
|
Nuzhat Ziaee |
|
10 |
|
Jyoti K. Desai |
|
10 |
|
Bhavya Desai |
|
10 |
|
Jasmine Jariwala |
|
10 |
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|
|
|
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Total |
|
9910 |
As on 12.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in Stationery Items, Colour, and Fabrics. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
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Bankers : |
The Zoroastrian Co-operative Bank Limited, Fort Branch, Yusuf
Building, Ground Floor, V.N. Road, Fort, Mumbai-400001, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
B.J. Singhania and Company Chartered Accountants |
|
Address : |
402/A, Steel Chmbers, Devji Ratansey Marg, Mumbai-400009, Maharashtra,
India |
|
Pan No.: |
AADFB7213R |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000 |
Equity Shares |
Rs.100/- each |
Rs.1.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
9910 |
Equity Shares |
Rs.100/- each |
Rs.0.991
Million |
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 |
0.991 |
0.991 |
0.991 |
|
|
2] Share Application Money |
0.000 |
0.00 |
0.000 |
|
|
3] Reserves & Surplus |
5.329 |
4.012 |
2.863 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
6.320 |
5.003 |
3.854 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
7.713 |
8.221 |
8.553 |
|
|
2] Unsecured Loans |
8.188 |
7.970 |
7.580 |
|
|
TOTAL BORROWING |
15.901 |
16.191 |
16.133 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
22.221 |
21.194 |
19.987 |
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|
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APPLICATION OF FUNDS |
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|
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FIXED ASSETS [Net Block] |
1.219 |
1.316 |
1.650 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
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|
INVESTMENT |
5.186 |
4.718 |
4.283 |
|
|
DEFERREX TAX ASSETS |
0.072 |
0.069 |
0.047 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
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|
Inventories |
9.699
|
10.221 |
11.416 |
|
|
Sundry Debtors |
7.159
|
4.411 |
6.203 |
|
|
Cash & Bank Balances |
0.291
|
0.828 |
1.163 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
3.574
|
3.564 |
2.493 |
|
Total
Current Assets |
20.723
|
19.024 |
21.275 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3.329
|
2.218 |
5.673 |
|
|
Other Current Liabilities |
0.855
|
1.192 |
0.741 |
|
|
Provisions |
0.795
|
0.523 |
0.854 |
|
Total
Current Liabilities |
4.979
|
3.933 |
7.268 |
|
|
Net Current Assets |
15.744
|
15.091 |
14.007 |
|
|
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|
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|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
22.221 |
21.194 |
19.987 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
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|
SALES |
|
|
|
|
|
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|
Income |
44.269 |
33.701 |
31.729 |
|
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Other Income |
0.392 |
0.490 |
NA |
|
|
|
TOTAL (A) |
44.661 |
34.191 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
27.594 |
19.670 |
|
|
|
|
Salaries, Wages and Benefits |
2.857 |
2.646 |
|
|
|
|
Sales and Administrative Expenses |
9.523 |
7.746 |
|
|
|
|
TOTAL (B) |
39.974 |
30.062 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4.687 |
4.129 |
3.905 |
|
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|
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|
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|
Less |
FINANCIAL
EXPENSES (D) |
2.234 |
2.080 |
2.303 |
|
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.453 |
2.049 |
1.602 |
|
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.344 |
0.399 |
0.513 |
|
|
|
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|
|
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|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
2.109 |
1.650 |
1.089 |
|
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|
|
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|
|
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Less |
TAX (H) |
0.792 |
0.501 |
0.531 |
|
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|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
1.317 |
1.149 |
0.558 |
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.011 |
2.862 |
2.304 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
5.328 |
4.011 |
2.862 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
4.969 |
3.958 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
132.89 |
115.94 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.95
|
3.36 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.76
|
4.90 |
3.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.61
|
8.11 |
4.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.33 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.30
|
4.02 |
6.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.16
|
4.84 |
2.93 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
Sundry Creditors |
3.329
|
2.218 |
5.673 |
PARTIAL DETAILS OF
SUNDRY CREDITORS:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
Sundry Creditors |
|
|
|
|
Artech India |
0.053 |
0.094 |
0.021 |
|
Ar Jowiggins
Cannon |
0.532 |
0.720 |
1.005 |
|
Pabeo Industries |
1.324 |
0.348 |
0.000 |
|
Soham Enterprises
|
0.035 |
0.064 |
0.060 |
|
|
|
|
|
|
Sundry Creditors for Others |
|
|
|
|
Anish Singhania
and Company |
0.028 |
0.034 |
0.019 |
|
B.J. Singhania
and Company |
0.069 |
0.127 |
0.096 |
|
Vista Consultancy
Services |
0.146 |
0.036 |
0.416 |
|
XPS |
0.039 |
0.028 |
0.042 |
|
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 |
No |
|
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 |
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 |
OPERATIONS:
The sales turnover during the year is Rs. 44.269 Millions
as against the previous year Rs. 33.701 Millions which is higher to 31.36%. The
directors are hopeful of good turnover and expect reasonable profit in the
current year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90163735 |
|
Corporate identity
number of the company |
U51900MH1994PTC076080 |
|
Name of the
company |
SANKHYA TRADING
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
109, Prospect Chambers, 317, Dr. D.N. Road, Fort, Mumbai-400001,
Maharashtra, India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] |
|
Particular of
charge holder |
The Zoroastrian Co-operative Bank Limited, Fort Branch, Yusuf Building,
Ground Floor, V.N. Road, Fort, Mumbai-400001, Maharashtra, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental Deed
of Hypothecation (I) Additional Limit |
|
Date of
instrument Creating the charge |
04.10.2011 |
|
Amount secured by
the charge |
Rs.10.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest as
determined by the Bank from time to time. Terms of
Repayment On Demand Margin As per sanction
terms. Extent and
Operation of the charge To secure the Cash
Credit limit of Rs.9.500 Millions (enhanced from Rs.8.000 Millions) and adhoc
limit of Rs.0.500 Million granted by the Bank to the Company. |
|
Short particulars
of the property charged |
Hypothecation of
all tangible movable assets of the Company in particular stocks of stationery
including stocks of leads, diodes,
pencils and all tangible movable machinery and plant, moveable Property of any
kind belonging to the borrower which now or hereinafter from time to time
during this security shall be brought in, stored installed or lying loose or
be in or about the borrower's Premises or
godowns at Prospect Chambers, 1st Floor, 317, D. N. Road, Mumbai - 400 001;
Tata Nagar, Transport Corporation, Dilip Raj Silk Mills Compounds,
Kapurbavdi, Ghod Bunder Road, Thane and / or In transit or
with borrower's agents or wherever else they be and all book-debts,
outstanding receivable by the borrower. |
|
Date of latest
modification prior to the present modification |
22.05.2008 |
|
Particulars of the
present modification |
An additional sum
of Rs.2.000 Millions has been granted by the Bank, thereby the Cash Credit
limit has enhanced from Rs.8.000 Millions to Rs.9.500 Millions and an adhoc
limit of Rs.0.500 Million has also been granted by the Bank. Thus the
aggregate limit of Rs.10.000 Millions is secured against all those movables
specified in the Principal Deed of Hypothecation and shall with effect from
04/10/2011 constitute security to the Bank for the aggregate limit of
Rs.10.000 Millions. |
FIXED ASSETS:
·
Computer
·
Air Conditioner
·
Furniture and Fixtures
·
Motor Car
·
Generator
·
Fire Extinguishers
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.55.92 |
|
|
1 |
Rs.86.03 |
|
Euro |
1 |
Rs.69.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
|
46 |
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.