|
Report Date : |
20.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
MULTI CREATIONS PRIVATE LIMITED |
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Registered
Office : |
12, Printing Press Area, (Behind Punjab Kesari), Wazirpur, Delhi –
110035 |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
26.08.1996 |
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Com. Reg. No.: |
55-081431 |
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Capital
Investment / Paid-up Capital : |
Rs.2.921 Millions |
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CIN No.: [Company Identification
No.] |
U18101DL1996PTC081431 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELM05183D DELM10738A DELM09041E |
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PAN No.: [Permanent Account No.] |
AAACM8301P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Consumer Durables Products. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 94000 |
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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.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
LOCATIONS
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Registered Office : |
12, Printing Press Area, (Behind Punjab Kesari), Wazirpur, Delhi –
110035, India |
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Tel. No.: |
91-11-27104050 |
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Fax No.: |
91-11-27102020 |
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E-Mail : |
DIRECTORS
As on 30.09.2011
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Name : |
Mr. Sudhir Kumar Jain |
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Designation : |
Whole-time director |
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Address : |
12, Printing Press Area, Behind Punjab Kesari, Wazirpur, Delhi –
110035, India |
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Date of Birth/Age : |
27.06.1957 |
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Date of Appointment : |
26.08.1996 |
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DIN No.: |
00459092 |
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Other Directorship :
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Name : |
Ms. Amita Jain |
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Designation : |
Whole-time director |
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Address : |
6/20, Roop Nagar, Delhi – 110007, India |
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Date of Birth/Age : |
04.05.1959 |
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Date of Appointment : |
26.08.1996 |
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DIN No.: |
00470482 |
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Other Directorship :
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Name : |
Mr. Aditya Jain |
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Designation : |
Additional director |
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Address : |
12, Printing Press Area, Wazirpur, Delhi – 110035, India |
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Date of Birth/Age : |
19.07.1986 |
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Date of Appointment : |
01.12.2010 |
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DIN No.: |
03363448 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sudhir Kumar Jain |
|
292030 |
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Amita Jain |
|
100 |
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Total |
|
292130 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
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 : |
Trader of Consumer Durables Products. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
·
Indian
Overseas Bank, 2/7, Roop Nagar, Delhi – 110007, India ·
American Express Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Ajay Shreya and Company Chartered Accountants |
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Address : |
R-160, Greater Kailash-I, New Delhi – 110048, India |
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PAN.: |
AAFPJ7601P |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
295000 |
Equity Shares |
Rs.10/- each |
Rs.2.950 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
292130 |
Equity Shares |
Rs.10/- each |
Rs.2.921 Millions |
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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 |
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|
|
|
|
1] Share Capital |
2.921 |
2.921 |
2.921 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
20.580 |
15.486 |
10.245 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
23.501 |
18.407 |
13.166 |
|
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LOAN FUNDS |
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|
1] Secured Loans |
0.000 |
4.873 |
7.791 |
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2] Unsecured Loans |
3.785 |
0.125 |
0.365 |
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TOTAL BORROWING |
3.785 |
4.998 |
8.156 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
27.286 |
23.405 |
21.322 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
9.147 |
9.372 |
9.411 |
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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 |
1.737 |
1.583 |
1.411 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
3.134 |
6.212 |
7.337 |
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Sundry Debtors |
12.847
|
8.594 |
2.827 |
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Cash & Bank Balances |
8.779
|
0.098 |
0.467 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
3.893
|
1.626 |
2.350 |
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Total
Current Assets |
28.653
|
16.530 |
12.981 |
|
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Less : CURRENT
LIABILITIES & PROVISIONS |
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|
|
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|
Sundry Creditors |
8.111
|
0.205 |
0.045 |
|
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Other Current Liabilities |
2.471
|
1.995 |
1.814 |
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Provisions |
1.669
|
1.880 |
0.622 |
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Total
Current Liabilities |
12.251
|
4.080 |
2.481 |
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Net Current Assets |
16.402
|
12.450 |
10.500 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
27.286 |
23.405 |
21.322 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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TURNOVER |
70.479 |
71.309 |
27.995 |
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PROFIT BEFORE
TAX |
6.608 |
6.948 |
2.699 |
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Less |
TAX |
NA |
1.879 |
NA |
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PROFIT AFTER TAX
|
NA |
5.069 |
NA |
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IMPORTS |
|
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Trading Goods |
NA |
19.270 |
14.630 |
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TOTAL IMPORTS |
NA |
19.270 |
14.630 |
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|
Earnings Per
Share (Rs.) |
NA |
17.35 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.48
|
26.82 |
12.05 |
|
|
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|
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|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.38 |
0.20 |
|
|
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|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.68
|
0.49 |
0.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.34
|
4.05 |
5.23 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS
During the year the company has achieved a turnover of Rs.70.479
Millions. After meeting all expenses and depreciation, the company earned a Net
Profit of Rs.6.608 Millions.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U18101DL1996PTC081431 |
|
Name of the
company |
MULTI CREATIONS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
12, Printing Press
Area, (Behind Punjab Kesari) Wazirpur, Delhi – 110035, India Email : tatiaassociates@gmail.com |
|
This form is for |
Modification of
charge |
|
Charge
identification (ID) number of the charge to be modified |
90048380 |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Floating Charge |
|
Particular of
charge holder |
Indian Overseas
Bank, 2/7, Roop Nagar, Delhi – 110007, India Email : roopebr@delsco.iobnet.co.in |
|
Nature of
instrument creating charge |
Letter of
Hypothecation F 110 E. |
|
Date of
instrument Creating the charge |
10.04.2010 |
|
Amount secured by
the charge |
Rs.10.500
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Interest @
BPLR-1.25% with a minimum of 10.75% p. a. with monthly rests. Commission on
LC as applicable Terms of
Repayment On Demand Margin Margin on Stocks @
25% and on Book Debts @ 50% Extent and
Operation of the charge 100% |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
Fixed and floating assets of the Company including Stocks and Book Debts |
|
Date of
instrument modifying the charge |
03.09.2008 |
|
Particulars of
the present modification |
The credit
facilities granted to the company revised from Rs.9.000 Millions to Rs.10.500
Millions detailed as under: Existing Revised (Rs in Millions) Cash Credit Rs. 5.000 Millions Rs. 8.000 Millions Letter of
Credit Rs. 4.000 Millions Rs. 2.500
Millions |
FIXED ASSETS
·
Land
·
Building
·
Office Equipment
·
Air Conditioner
·
Furniture and Fitting
·
Vehicle
·
Computer
·
Generator
·
Vehicle – Tate Ace
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.50.12 |
|
|
1 |
Rs.79.37 |
|
Euro |
1 |
Rs.66.00 |
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 |
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 |
|
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.