|
Report Date : |
16.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
HITENDRA ADVERTISING AND MARKETING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
135, Akshay Complex, Off |
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
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|
|
|
Date of Incorporation
: |
06.02.1992 |
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|
|
|
Com. Reg. No.: |
065259 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74300MH1992PTC065259 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNEH04466A |
|
|
|
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PAN No.: [Permanent Account No.] |
AAACH4508H |
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|
|
Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Service Provider – Advertising services, Transit Media, Outdoor Media. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (13) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
--- |
|
|
|
|
Status : |
Small Company |
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|
|
Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field its scale are limited. There
appears some accumulated losses recorded by the company. Business is active.
Payments are reported to be slow. The company can be considered for business dealings on a safe and
secured 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION DECLINED BY
|
Name : |
Mr. Hitendra Jayantilal Somani |
|
Designation : |
Managing Director |
|
Contact No.: |
91-9890234569 |
|
Date : |
14.05.2012 |
LOCATIONS
|
Registered Office : |
135, Akshay Complex, Off |
|
Tel. No.: |
91-20-26121372 / 40078649 |
|
Fax No.: |
91-20-26125199 |
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E-Mail : |
hamplindia@gmail.com |
|
Website : |
www.hitendra.co.in |
DIRECTORS
AS ON 24.09.2011
|
Name : |
Mr. Hitendra Jayantilal Somani |
|
Designation : |
Managing Director |
|
Address : |
18/372 Mira Society, |
|
Date of Birth/Age : |
20.01.1967 |
|
Date of Appointment : |
06.02.1992 |
|
Name : |
Mr. Sushil Jayantilal Somani |
|
Designation : |
Director |
|
Address : |
18/372 Mira Society, |
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Date of Birth/Age : |
27.07.1937 |
|
Date of Appointment : |
01.10.2004 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Mr. Hitendra Jayantilal Somani |
|
8000 |
|
Mr. Sushil Jayantilal Somani |
|
1980 |
AS ON 24.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.80 |
|
Other top fifty shareholders |
0.20 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service Provider – Advertising services, Transit Media, Outdoor Media. |
GENERAL INFORMATION
|
Customers : |
Aaj Ka Anand |
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No. of Employees : |
Not Available |
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Bankers : |
Not Available |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Arun S. Jain And Co Chartered Accountant |
|
Address : |
Office No. 14B |
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Tel. No.: |
91-22-23877431/23825089 |
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Mobile No.: |
91-9821024846 |
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|
|
|
Group Companies : |
·
Design-XL ·
Upscale ·
Exhivent ·
Auto Ad ·
Somani Pratishthan ·
The Mind ware ·
Collectors Art World ·
Yuvahit ·
Paras ·
P. P. Toons |
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
AS ON 24.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- 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 |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(0.552) |
(0.631) |
(0.638) |
|
|
NETWORTH |
(0.452) |
(0.531) |
(0.538) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.395 |
0.150 |
0.150 |
|
|
TOTAL BORROWING |
0.395 |
0.150 |
0.150 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
(0.057) |
(0.381) |
(0.388) |
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|
|
|
|
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APPLICATION OF FUNDS |
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|
|
|
|
|
|
|
|
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|
FIXED ASSETS [Net Block] |
0.080 |
0.082 |
0.027 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.121 |
0.121 |
0.013 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.607
|
0.305 |
0.155 |
|
|
Cash & Bank Balances |
0.101
|
0.044 |
0.056 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.798
|
0.807 |
0.863 |
|
Total
Current Assets |
1.506
|
1.156 |
1.074 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.502
|
0.526 |
0.429 |
|
|
Other Current Liabilities |
1.262
|
1.213 |
1.073 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
1.764
|
1.739 |
1.502 |
|
|
Net Current Assets |
(0.258)
|
(0.583) |
(0.428) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
(0.057) |
(0.381) |
(0.388) |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
TURNOVER |
|
|
1.347 |
|
|
|
|
|
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EXPENSES |
|
|
|
|
|
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TOTAL |
|
|
1.260 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
0.087 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.009 |
|
|
|
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|
|
|
|
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|
PROFIT AFTER TAX |
|
|
0.078 |
|
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|
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|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
7.83 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
6.45
|
-- |
-- |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.48
|
-- |
-- |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.19)
|
-- |
-- |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
(4.77)
|
(3.55) |
(3.07) |
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|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.85
|
0.66 |
0.71 |
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 |
Yes |
|
10)
Designation of contact person |
Yes |
|
11)
Turnover of firm for last three years |
Yes (1 years) |
|
12)
Profitability for last three years |
Yes (1 years) |
|
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 |
No |
|
18)
Major customers |
Yes |
|
19)
Payments terms |
No |
|
20)
Export / Import details (if applicable) |
-- |
|
21)
Market information |
-- |
|
22)
Litigations that the firm / promoter involved in |
-- |
|
23)
Banking Details |
No |
|
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 Conditioner
·
Computer
·
Bajaj Spirit
·
Fire Extinguisher
·
Office Equipments
·
Office Furniture
·
UPS Battery
AS PER WEBSITE
COMPANY PROFILE
Subject is engaged in the business of Outdoor
Transit publicity media. They are
pioneers in launching the media of Auto Rickshaw Advertising in Maharashtra
State. They are also the first to introduce Balloon Advertising in different
shapes and sizes. They have given several products a strong local identity and
are going strong year after year for the last 25 years. Their organisation
includes a team of enthusiastic young people, who look forward towards growth
and challenges in business.
THE LEADER
The team is spearheaded by a young director,
Mr. Hitendra J. Somani who is qualified & experienced in this field. A
B.Sc. (Chemistry) from Fergusson College Pune, Diploma holder in Business Management
with specialisation in Marketing and Finance Management, Diploma in Advertising
& dynamic salesmanship from Symbiosis Pune, special course in computer
Software from D.S.R.F and Westind integrated Pune. He has under gone special
training on Fund Raising from SAFRG (Associated with International Fund Raising
group, London) at Bhopal & Hyderabad. Special training on Exhibition &
Museum Technology from LORDS (Canada) at Singapore & Munich (Germany). Born
and brought up in the village Nira. He inherited the Business Acumen from his
family. A winner at heart and a strong individual, he ran the show on his own
steam Initially operating as a booking agent for PMT Transit Media, which gave
him enough opportunities to peep into the hearts of clients alike.
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.55.76 |
|
|
1 |
Rs.86.68 |
|
Euro |
1 |
Rs.70.44 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NLM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
- |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
13 |
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.