MIRA
INFORM REPORT
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Report Date : |
08.06.2012 |
IDENTIFICATION DETAILS
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Name : |
SAKSHI AGENCIES PRIVATE LIMITED |
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Registered
Office : |
A-1, 1st Floor, Raj Industrial Complex, |
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Country : |
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Financials (as
on) : |
31.03.2009 |
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Date of
Incorporation : |
17.06.1996 |
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Com. Reg. No.: |
11-100264 |
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Capital Investment
/ Paid-up Capital : |
Rs. 1.000 Million |
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CIN No.: [Company Identification
No.] |
U92112MH1996PTC100264 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS21885D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Packaging
Material, PVC Shrink Film, PVC Film, Printed Bags etc. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Closed Down |
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Payment Behaviour : |
--- |
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Litigation : |
---- |
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Comments : |
As claimed by Mr. Ashwani Malhotra (Director), the company was closed
down in the year 2009-10 and they are working in the sister concern Sakshi
Agencies (Partnership Concern). Business of Sakshi Agencies Private Limited
is no more active. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
INFORMATION PARTED BY
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Name : |
Mr. Ashwani Malhotra |
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Designation : |
Director |
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Contact No.: |
91-9821051062 |
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Date : |
06.06.2012 |
LOCATIONS
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Registered Office : |
A-1, 1st Floor, Raj Industrial Complex, Millitary Road, Marol,
Andheri (East), Mumbai-400059, Maharashtra, India |
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Tel. No.: |
91-22-29254847 |
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Mobile No.: |
91-9821051062 (Mr. Ashwani Malhotra) |
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Fax No.: |
Not Available |
DIRECTORS
AS ON 30.09.2009
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Name : |
Mr. Ashwani Sudarshan Malhotra |
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Designation : |
Director |
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Address : |
Rajeshwari Bunglow, P. No.9, Road 12A, JVPD Scheme, Juhu,
Mumbai-400049, Maharashtra, India |
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Date of Birth/Age : |
27.08.1958 |
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Date of Appointment : |
17.06.1996 |
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DIN No.: |
00324071 |
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Name : |
Ms. Smita Ashwani Malhotra |
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Designation : |
Director |
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Address : |
Rajeshwari Bunglow, P. No.9, Road 12A, JVPD Scheme, Juhu,
Mumbai-400049, Maharashtra, India |
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Date of Birth/Age : |
18.11.1964 |
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Date of Appointment : |
17.06.1996 |
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DIN No.: |
00323884 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2009
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Names of Shareholders |
No. of Shares |
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Ashwani Sudarshan Malhotra |
5200 |
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Smita Ashwani Malhotra |
4800 |
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TOTAL |
10000 |
AS ON 30.09.2009
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Equity Shares
Break Up |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Packaging
Material, PVC Shrink Film, PVC Film, Printed Bags etc. |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
·
Dena Bank, Vile Parle (West) Branch, Manoj Villa,
Dashrathlal Joshi Road, Vile Parle (West), Mumbai-400056, Maharashtra, India ·
Bank of India, Chakala Branch, Opposite Sangam
Cinema, Sir M V Road, Chakala, Andheri (East), Mumbai-400093, Maharashtra,
India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
J. R. Bhatt and Associates Chartered Accountant |
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Address : |
B-12/13, Satyam Shopping Centre, Satyam Shivam Sundaram, M G Road,
Ghatkopar (East), Mumbai-400077, Maharashtra, India |
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Pan No.: |
AAJPV6039R |
CAPITAL STRUCTURE
AS ON 31.03.2009
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.100/- each |
Rs. 1.000 Million |
|
40000 |
Add – Equity Shares |
Rs.100/- each |
Rs. 4.000 Millions |
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TOTAL |
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Rs. 5.000
Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.100/- each |
Rs. 1.000 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
1.000 |
1.000 |
1.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
5.248 |
5.287 |
5.144 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
6.248 |
6.287 |
6.144 |
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LOAN FUNDS |
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1] Secured Loans |
5.958 |
0.000 |
0.000 |
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2] Unsecured Loans |
11.658 |
7.073 |
3.742 |
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TOTAL BORROWING |
17.616 |
7.073 |
3.742 |
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DEFERRED TAX LIABILITIES |
0.902 |
0.896 |
1.033 |
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TOTAL |
24.766 |
14.256 |
10.919 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
23.381 |
13.713 |
11.608 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.044 |
0.044 |
0.044 |
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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 |
1.514 |
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Sundry Debtors |
2.378
|
1.819 |
1.942 |
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Cash & Bank Balances |
1.622
|
0.359 |
0.199 |
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Other Current Assets |
0.053
|
0.061 |
0.061 |
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Loans & Advances |
0.572
|
0.277 |
0.297 |
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Total
Current Assets |
4.625
|
2.516 |
4.013 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
2.506
|
1.158 |
4.124 |
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Other Current Liabilities |
0.000
|
0.000 |
0.000 |
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Provisions |
0.859
|
0.859 |
0.622 |
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Total
Current Liabilities |
3.365
|
2.017 |
4.746 |
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Net Current Assets |
1.260
|
0.499 |
(0.733) |
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MISCELLANEOUS EXPENSES |
0.081 |
0.000 |
0.000 |
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TOTAL |
24.766 |
14.256 |
10.919 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SALES |
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Income |
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Other Income |
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TOTAL |
2.032 |
2.511 |
5.028 |
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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 |
2.015 |
1.925 |
4.366 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.017 |
0.586 |
0.662 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.000 |
0.261 |
0.258 |
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PROFIT BEFORE
TAX |
0.017 |
0.325 |
0.404 |
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Less |
TAX |
0.008 |
0.133 |
0.066 |
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PROFIT AFTER TAX
|
0.009 |
0.192 |
0.338 |
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BALANCE CARRIED
TO THE B/S |
0.009 |
0.192 |
0.338 |
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Earnings Per
Share (Rs.) |
0.94 |
19.27 |
38.26 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
0.44
|
7.65 |
6.72 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
0.06
|
2.00 |
2.59 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.05 |
0.07 |
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Debt Equity Ratio (Total Liability/Networth) |
|
3.50
|
1.59 |
1.55 |
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Current Ratio (Current Asset/Current Liability) |
|
1.37
|
1.25 |
0.85 |
LOCAL AGENCY FURTHER INFORMATION
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Check List by Info Agents |
Available in Report (Yes / No) |
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1. Year of Establishment |
Yes |
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2. Locality of the firm |
Yes |
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3. Constructions of the firm |
Yes |
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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 |
Yes |
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10. Designation of contact person |
Yes |
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11. Turnover of firm for last three years |
Yes |
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12. Profitability for last three years |
Yes |
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13. Reasons for variation <> 20% |
------ |
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14. Estimation for coming financial year |
No |
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15. Capital in the business |
Yes |
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16. Details of sister concerns |
No |
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17. Major suppliers |
No |
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18. Major customers |
No |
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19. Payments terms |
No |
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20. Export / Import details |
No |
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21. Market information |
------ |
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22. Litigations that the firm / promoter involved |
------ |
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23. Banking Details |
Yes |
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24. Banking facility details |
Yes |
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25. Conduct of the banking account |
------ |
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26. Buyer visit details |
------ |
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27. Financials, if provided |
Yes |
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28. Incorporation details, if applicable |
Yes |
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29. Last accounts filed at ROC |
No |
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30. Major Shareholders, if available |
Yes |
SALES
During the year the Company has Generated a Revenue of Rs. 2.024
millions despite the Company Expansion Project has not been completed it is
Envisaged that in the Ensuing year Company sidcul Project will Kick Start and
company would be able to Generate Adequate revenue.
FORM 8
|
Corporate
identity number of the company |
U92112MH1996PTC100264 |
|
Name of the
company |
SAKSHI AGENCIES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
A-1, 1st Floor, Raj Industrial Complex, Millitary Road, Marol, Andheri (East), Mumbai-400059, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
property |
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Particular of
charge holder |
Dena Bank, Vile Parle (West) Branch, Manoj Villa, Dashrathlal Joshi Road, Vile Parle (West), Mumbai-400056, Maharashtra, India |
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Nature of
instrument creating charge |
No instrument was
executed. Charge created by way of equitable mortgage by deposit of title
deeds |
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Date of
instrument Creating the charge |
14.03.2009 |
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Amount secured by
the charge |
Rs. 30.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Extent and operation of the charge Security to cover
the principal amount together with interest, costs, charges, expenses etc. Other Security created
in respect of the following credit facilities: - Cash credit
Hypothecation Stock-cum-book debts Rs.10.000 Millions - Term Loan
Rs.19.500 Millions - Letter of
credit (Inland / Foreign DA/DP)
Rs. 1.000 Million Total..........
Rs.30.500 Millions |
|
Short particulars
of the property charged (Including location of the property) |
Immovable
properties of the company viz., (i)
Factory
building at Plot No.46, Sector 3, SIDCUL Industrial Area, Pant Nagar,
Rudrapur, Uttarakhand with land appurtenant admeasuring 3303 sq. mtrs.; (ii)
Office
No.A-1, admeasuring 660 sq. ft. carpet area, in Raj Industrial Complex
Premises Co-operative Society Limited, Marol Maroshi Road, Andheri (East),
Mumbai; with plant, machinery, tools, furniture’s, fixtures, fittings, etc.,
thereon both present and future. |
FIXED ASSETS
·
Air Conditioner
·
Computer
·
Electrical Installation
·
Fire Extinguisher
·
Furniture and Fixture
·
Wagon R
·
Weighing Scale Machine
·
Office Equipment
·
Plant and Machinery
·
Xerox 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 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. 55.14 |
|
|
1 |
Rs. 85.22 |
|
Euro |
1 |
Rs. 69.24 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
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|
Report Prepared
by : |
DPT |
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.