1. Summary Information
|
|
|
Country |
|
|
Company Name |
PARVEZ SHOES
PRIVATE LIMITED |
Principal Name 1 |
Mr. Iqbal Ahmed |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Parvez Ahmed |
|
|
|
Registration # |
20-020415 |
|
Street Address |
|
||
|
Established Date |
01.08.1996 |
SIC Code |
-- |
|
Telephone# |
91-512-2461130 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-512-2461188 |
Business Style 2 |
Exporters |
|
Homepage |
Product Name 1 |
Footwear |
|
|
# of employees |
Not Available |
Product Name 2 |
Leather |
|
Paid up capital |
Rs.100,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors- 100% |
Banking |
Canara Bank |
|
Public Limited Corp. |
No |
Business Period |
16 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(43) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
44,800,000 |
Current Liabilities |
12,316,000 |
|
Inventories |
7,886,000 |
Long-term Liabilities |
32,263,000
|
|
Fixed Assets |
34,528,000 |
Other Liabilities |
0,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
44,579,000 |
|
Invest& other Assets |
10,294,000 |
Retained Earnings |
52,829,000 |
|
|
|
Net Worth |
52,929,000 |
|
Total Assets |
97,508,000 |
Total Liab. & Equity |
97,508,000 |
|
Total Assets (Previous Year) |
93,452,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
61,737,000 |
Net Profit |
81,000 |
|
Sales(Previous yr) |
50,004,000 |
Net Profit(Prev.yr) |
NA |
MIRA
INFORM REPORT
|
Report Date : |
15.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
PARVEZ SHOES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
01.08.1996 |
|
|
|
|
Com. Reg. No.: |
20-020415 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100
Million |
|
|
|
|
CIN No.: [Company
Identification No.] |
U19121UP1996PTC020415 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
KNPP00258G / KNPP01146F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Exporters of all Men’s Footwear, Sandals, Sleepers,
Casuals Shoes, Leather and Synthetic Formal Shoes and Safety Shoes. |
|
|
|
|
No of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
|
|
|
|
Maximum Credit Limit : |
USD 210000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. There
appears some dip in the profitability of the company. However trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct. 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.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
|
|
Tel. No.: |
91-512-2461130/ 2461205/ 2461203/ 2463481 2540504/ 2461239/ 3275587 |
|
Fax No.: |
91-512-2461188 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Iqbal Ahmed |
|
Designation : |
Director |
|
Address : |
266-D Defence Colony, Sewan Tannery, |
|
Date of Birth/Age : |
01.07.1937 |
|
Date of Appointment : |
01.08.1996 |
|
|
|
|
Name : |
Mr. Parvez Ahmed |
|
Designation : |
Director |
|
Address : |
226-D, Defence Colony, Sewan Tannery, |
|
Date of Birth/Age : |
01.06.1958 |
|
Date of Appointment : |
01.04.2003 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Iqbal Ahmed |
500 |
|
Parvez Ahmad |
500 |
|
Total |
1000 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage of
Holding |
|
Directors or relatives of directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporters of all Men’s Footwear, Sandals, Sleepers,
Casuals Shoes, Leather and Synthetic Formal Shoes and Safety Shoes. |
|
|
|
|
Products : |
·
Western Boots ·
Cowboy Boots ·
Security ·
Fire Fighter ·
·
Talboot ·
Regular ·
Economic ·
Zipper ·
Laceup and Paddock ·
Executive ·
Classic ·
Ladies ·
Belts ·
Premium ·
Basic ·
Chaps ·
Sportic |
GENERAL INFORMATION
|
Suppliers : |
·
Alpha Paints and Chemicals Works ·
Amarita Packagings Private Limited ·
Anamaika Trade Links Private Limited ·
Ashish Screen Arts ·
Atlantic Cargo ·
Baba Cargo Carriers ·
Baba Impex Carries ·
Classic Polymers ·
D.S. Accessories and Footwear Private Limited ·
Eastern Esses Manufactures |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customers : |
·
EW-Schuh Gmbh and Company, ·
Hermann Jakob Gmbh and Company ·
Hero Reitsport ·
Leather Import ·
Pferdesporthaus Loesdau Gmbh ·
R.T.S Sportline ·
Reiter Outlet ·
Acme Fabrik Plast Company ·
Banker Shoes Limited ·
Export Inspech Agency |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employee : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Canara Bank ·
ICICI Bank ·
Punjab National Bank, ·
State Bank of |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J Chandra and Company Chartered Accountant |
|
Address : |
9/84, Arya Nagar, Kanpur-208002, |
|
Tel. No.: |
91-512-2540504 |
|
|
|
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs. 100/- each |
Rs. 1.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs. 100/-
each |
Rs. 0.100
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
52.829 |
52.713 |
42.672 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.259) |
|
|
NETWORTH |
52.929 |
52.813 |
42.513 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
32.263 |
32.234 |
38.272 |
|
|
TOTAL BORROWING |
32.263 |
32.234 |
38.272 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
85.192 |
85.047 |
80.785 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
34.528 |
34.958 |
38.053 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
10.294 |
10.061 |
17.598 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7.886
|
1.865
|
3.260
|
|
|
Sundry Debtors |
21.478
|
25.991
|
19.227
|
|
|
Cash & Bank Balances |
18.837
|
18.504
|
5.863
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
4.485
|
2.073
|
1.094
|
|
Total
Current Assets |
52.686
|
48.433
|
29.444
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
11.351
|
6.994
|
4.127
|
|
|
Current Liabilities |
0.965
|
1.411
|
0.183
|
|
|
Provisions |
0.000
|
0.000
|
0.000
|
|
Total
Current Liabilities |
12.316
|
8.405
|
4.310
|
|
|
Net Current Assets |
40.370
|
40.028
|
25.134
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
85.192 |
85.047 |
80.785 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
61.737 |
50.004 |
30.418 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
61.737 |
50.004 |
30.418 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Other Expenditure |
|
|
23.876 |
|
|
|
TOTAL |
|
39.679 |
23.876 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
61.621 (Including
depraciation) |
(Including depraciation) |
6.542 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
|
6.497 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.116 |
10.325 |
0.045 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.035 |
NA |
0.014 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.081 |
NA |
0.031 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
0.031 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
48.893 |
30.012 |
|
|
TOTAL EARNINGS |
NA |
48.893 |
30.012 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.81 |
7227.00 |
313.59 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.13
|
NA
|
0.10
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.18
|
20.64
|
0.14
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.13 |
12.38 |
0.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.19 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.84 |
0.76 |
1.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.27 |
5.76 |
6.83
|
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
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 |
No |
|
10) Designation of contact person |
No |
|
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 |
Yes |
|
17) Major suppliers |
Yes |
|
18) Major customers |
Yes |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
No |
|
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 |
Fixed Assets:
·
Air Compressor
·
Air Conditioner
·
Car
·
Computer
·
Generator
·
Machinery
·
Power Distribution
·
Stabliser
·
Weight Scale
·
Furniture and Fixture
·
Building
·
Last and Mould
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.56.05 |
|
|
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
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.