MIRA INFORM REPORT

 

 

Report Date :

20.03.2012

 

IDENTIFICATION DETAILS

 

Name :

VALUETREE LOGISTICS PRIVATE LIMITED

 

 

Registered Office :

Godown No. 1, Building No. P-1, Prithvi Complex, Rethi Bunder Road, Kalher Village, Bhiwandi – 421302, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

14.06.2006

 

 

Com. Reg. No.:

11-162629

 

 

Capital Investment/ Paid-up Capital:

Rs.0.100 million

 

 

CIN No.:

[Company Identification No.]

U63011MH2006PTC162629

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMV14870C

 

 

PAN No.:

[Permanent Account No.]

AACCV2946B

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Providing of Consultancy Services.

 

 

No. of Employees:

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (28)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 6000

 

 

Status :

Small Company

 

 

Payment Behaviour :

Slow but Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a small company in its field. Its scale of activities are limited. However, trade relations are reported as fair. Business is active. Payments are reported to be slow but correct.

 

The company can be considered for small 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 :

Godown No. 1, Building No. P-1, Prithvi Complex, Rethi Bunder Road, Kalher Village, Bhiwandi – 421302, Maharashtra, India

Tel. No.:

91-22-66661000 / 66159977

Fax No.:

91-22-66159977

E-Mail :

rajesh@valuetree.in

 

 

DIRECTORS

 

AS ON 30.09.2011

 

Name :

Mr. Shailesh Karwa

Designation :

Director

 

 

Name :

Mr. Anupama Dalmiya

Designation :

Director

 

 

Name :

Mr. Nideesh Kandiyan Vasu

Designation :

Director

Address :

509, Shah and Nahar, Off Dr. E Moses Road, Worli, Mumbai – 400018, Maharashtra, India

Date of Birth/Age :

23.12.1977

Date of Appointment :

04.06.2008

Date of Ceasing :

24.02.2012

DIN No. :

01488270

Other Directorship :

 

S.No.

CIN

Name of the Company

Current designation of the director

Date of appointment at current designation

Original date of appointment

Date of cessation

Company Status

Defaulting status

1

U92100MH2007PTC173561

Fresh Television Private Limited

Director

28-08-2007

28-08-2007

-

Active

NO

2

U30006MH2007PTC173922

Office Shop Private Limited

Director

07-09-2007

07-09-2007

-

Active

YES

3

U51909MH2005PTC157030

RETAIL DETAILZ INDIA PRIVATE LIMITED

Director

05-10-2007

05-10-2007

01-07-2010

Active

NO

4

U63011MH2006PTC162629

ValueTree LOGISTICS PRIVATE LIMITED

Additional director

04-06-2008

04-06-2008

24-02-2012

Active

NO

 

 

Name :

Mr. Krishnaswaroop Ramswaroop Seksaria

Designation :

Director

Address :

139, Nagindas Master Road, Fort, Mumbai – 400023, Maharashtra, India

Date of Birth/Age :

13.10.1973

Date of Appointment :

04.06.2008

Date of Ceasing :

24.02.2012

DIN No. :

01595210

Other Directorship :

S.No.

CIN

Name of the Company

Current designation of the director

Date of appointment at current designation

Original date of appointment

Date of cessation

Company Status

Defaulting status

1

U63011MH2006PTC162629

ValueTree LOGISTICS PRIVATE LIMITED

Additional director

04-06-2008

04-06-2008

24-02-2012

Active

NO

2

U74993MH2002PTC136345

NEW JACK PRINTING PRESS PRIVATE LIMITED

Director

28-09-2010

31-03-2010

-

Active

NO

3

U14101RJ1948PTC000638

RAJPUTANA MINING SYNDICATE PVT LTD

Director appointed in casual vacancy

31-03-2010

31-03-2010

-

Active

NO

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

(AS ON 30.09.2011)

Names of Shareholders

 

No. of Shares

 

 

 

 

Mr. Nideesh Vasu

 

5000

Mr. Krishnaswaroop Seksaria

 

5000

Total

 

10000

 

 

(AS ON 30.09.2011)

Category

 

Percentage

 

 

 

Directors or relatives of directors

 

100.00

 

 

 

Total

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Providing of Consultancy Services.

 

 

Products :

Office Stationary and Logistic Services

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Available

 

 

Bankers :

·         HDC Bank

·         Syndicate Bank

 

 

Facilities :

Rs in Millions

Unsecured Loan

AS ON 31.03.2011

AS ON 31.03.2010

 

 

 

Inter Corporate Deposits

 

 

Officedge India Private limited

4.140

6.112

Fraser techno Circuits Limited

1.152

1.071

Total

5.292

7.183

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Sandeep Kabra and Associates

Chartered Accountants

Address :

22, Manav Mandir, 17th Road, Siddharth Nagar, Goregaon – West, Mumbai – 400062, Maharashtra, India

Tel. No.:

91-22-22078274 / 28745304

PAN No.:

AAGPK8150P

 

 

CAPITAL STRUCTURE

 

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

1.449

0.817

0.381

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

1.549

0.917

0.481

LOAN FUNDS

 

 

 

1] Secured Loans

0.000

0.000

0.000

2] Unsecured Loans

5.292

7.184

3.470

TOTAL BORROWING

5.292

7.184

3.470

DEFERRED TAX LIABILITIES

0.000

0.000

0.000

 

 

 

 

TOTAL

6.841

8.101

3.951

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

0.024

0.000

0.000

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

0.000

0.000

0.000

DEFERREX TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
4.418

5.428

7.537

 

Sundry Debtors
1.553

2.230

1.405

 

Cash & Bank Balances
2.138

1.996

0.440

 

Other Current Assets
0.000

0.000

0.000

 

Loans & Advances
0.579

0.163

0.069

Total Current Assets
8.688

9.817

9.451

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Sundry Creditor
1.560

1.329

5.410

 

Other Current Liabilities
0.015

0.241

0.000

 

Provisions
0.300

0.150

0.095

Total Current Liabilities
1.875

1.720

5.505

Net Current Assets
6.813

8.097

3.946

 

 

 

 

MISCELLANEOUS EXPENSES

0.004

0.004

0.005

 

 

 

 

TOTAL

6.841

8.101

3.951

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2011

31.03.2010

31.03.2009

 

 

 

 

 

 

TURNOVER

10.284

7.152

11.600

 

 

 

 

 

Less

TOTAL EXPENSES

9.314

6.556

11.313

 

 

 

 

 

 

PROFIT BEFORE TAX

0.970

0.596

0.287

 

 

 

 

 

Less

TAX                                                                 

0.338

0.160

0.102

 

 

 

 

 

 

PROFIT AFTER TAX

0.632

0.436

0.185

 

 

 

 

 

 

Earnings Per Share (Rs.)

63.20

43.60

18.50

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2011

31.03.2010

31.03.2009

PAT / Total Income

(%)

6.15

6.10

1.59

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)
11.13

6.07

3.04

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
0.63

0.65

0.60

 

 
 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 
4.63

9.71

18.66

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
4.63

5.71

1.72

 

 

LOCAL AGENCY FURTHER INFORMATION

 

NOTE

 

Registered office of the company has been shifted from 509, Shah and Nahar Industrial Estate, Dr. E Moses Road, Worli, Mumbai to the present address w.e.f. 01.06.2008

 

FINANCIAL RESULTS

 

The working for the year resulted in a profit of Rs. 0.632 Million, after providing Income Tax of Rs. 0.300 Million in view of low profits the directors do not recommend payment of any dividend on equity shares for the year.

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.50.22

UK Pound

1

Rs.78.64

Euro

1

Rs.65.54

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILIRY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

4

--CREDIT LINES

1~10

3

--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

 

28

 

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

-

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.