|
Report Date : |
25.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
AURAA ADHESIVE TAPES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
44, D’Souza Colony, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
16.11.2009 |
|
|
|
|
Com. Reg. No.: |
11-197080 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.591 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25200MH2009PTC197080 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKA05403G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICA0547P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Exporter of adhesive tapes and importer of raw material or
finished goods. |
|
|
|
|
No. of Employees
: |
5 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 4000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company having moderate track.
Profitability of the company appears to be low. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some
cautions. |
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 (30.09.2011) |
Current Rating (31.12.2011) |
|
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 : |
44, D’Souza Colony, |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9326180968 (Mr. Nilesh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
1500 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Administrative Office : |
1, Ganesh Glory, Nakshatra Colony, Near Akashwani Tower, Gangapur
Road, Nashik-422005, Maharashtra, India |
|
Tel. No.: |
91-253-2232802 |
|
Fax No.: |
91-253-2315801 |
|
Area : |
1500 sq. ft. |
|
Location : |
Rented |
DIRECTORS
AS
ON 31.03.2011
|
Name : |
Mr. Haresh Choitram Gurnani |
|
Designation : |
Director |
|
Address : |
Plot No. 44, Disuza Colony, |
|
Date of Birth/Age : |
12.10.1954 |
|
DIN No.: |
01516478 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U74940MH2004PTC148971 |
Sk
Rainbo Color Lab Private Limited |
Director |
05-10-04 |
05-10-04 |
Dormant |
NO |
|
2 |
U25200MH2009PTC197080 |
Auraa
Adhesive Tapes Private Limited |
Director |
16-11-09 |
16-11-09 |
Active |
NO |
|
Name : |
Mr. Nilesh Haresh Gurnani |
|
Designation : |
Director |
|
Address : |
Nilesh, Plot No. 44/1, D’souza Colony, College Road, Nashik – 422005,
Maharashtra, India |
|
Date of Birth/Age : |
09.08.1981 |
|
DIN No.: |
02107702 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U74999MH2008PTC184147 |
Auraa
Warehousing Private Limited |
Director |
01-07-08 |
01-07-08 |
Active |
|
|
2 |
U25200MH2009PTC197080 |
Auraa
Adhesive Tapes Private Limited |
Director |
16-11-09 |
16-11-09 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 11.16.2009
|
Names of Allottee |
No. of Shares |
|
Nilesh Gurnani |
5000 |
|
Haresh Gurnani |
5000 |
|
Total |
10000 |
AS ON 10.01.2011
|
Names of Allottee |
No. of Shares |
|
Nilesh Gurnani |
16650 |
|
Haresh Gurnani |
17150 |
|
Total |
33800 |
AS ON 25.03.2011
|
Names of Allottee |
No. of Shares |
|
Nilesh Gurnani |
4660 |
|
Haresh Gurnani |
1140 |
|
Nisha Gurnani |
9500 |
|
Total |
15300 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of adhesive tapes and importer of raw material or
finished goods. |
GENERAL INFORMATION
|
No. of Employees : |
5 (Approximately) |
||||||||||||
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|
|
||||||||||||
|
Bankers : |
·
City Union Bank Limited, 201, Ground Floor, Patel
Retreat, College Road, Nashik-422005, Maharashtra, India |
||||||||||||
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|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S R Rahalkar and Associates Chartered Accountant |
|
Address : |
667, Teli lane Raviwar Peth, Nashik-422001, |
|
Tel. No.: |
91-253-2575093 / 2581597 |
|
Fax No.: |
91-253-2581597 |
|
E-Mail : |
|
|
PAN No.: |
AAOFS9465K |
|
|
|
|
Sister Concern [as on 31.03.2011]: |
Gutnalni Metals Private Limited Address : Plot No. H 5, MIDC Ambad, Nashik, Line of Business : Trader and Exporter of adhesive tapes and importer of
raw material or finished goods. |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
59100 |
Equity Shares |
Rs.10/- each |
Rs. 0.591
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.591 |
0.100 |
|
|
2] Share Application Money |
|
0.000 |
0.338 |
|
|
3] Reserves & Surplus |
|
0.612 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
(0.067) |
|
|
NETWORTH |
|
1.203 |
0.371 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
1.364 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
1.364 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.012 |
0.000 |
|
|
PROFIT AND LOSS |
|
0.166 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
2.745 |
0.371 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.601 |
0.084 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
5.159 |
0.287 |
|
|
Sundry Debtors |
|
5.800 |
0.000 |
|
|
Cash & Bank Balances |
|
0.344 |
0.315 |
|
|
Other Current Assets |
|
0.342 |
0.000 |
|
|
Loans & Advances |
|
0.042 |
0.000 |
|
Total
Current Assets |
|
11.687 |
0.602 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
9.359 |
0.337 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
0.206 |
0.008 |
|
Total
Current Liabilities |
|
9.565 |
0.345 |
|
|
Net Current Assets |
|
2.122 |
0.257 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.022 |
0.030 |
|
|
|
|
|
|
|
|
TOTAL |
|
2.745 |
0.371 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
24.558 |
0.000 |
|
|
|
Other Income |
|
0.188 |
0.000 |
|
|
|
TOTAL |
|
24.746 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Indirect Expenditures |
|
1.199 |
0.067 |
|
|
|
Cost of Sales |
|
23.236 |
0.000 |
|
|
|
TOTAL |
|
24.435 |
0.067 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
|
0.311 |
(0.067) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.078 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
0.233 |
(0.067) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
(0.067) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
0.166 |
(0.067) |
|
|
|
|
|
|
|
|
|
|
Earning Per
Share (Rs.) |
|
3.94 |
(6.70) |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
|
0.94 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
1.27 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
2.53 |
(9.77) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.26 |
(0.18) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
9.09 |
0.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.22 |
1.74 |
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 |
Yes |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
Yes |
|
8. No. of Employees |
Yes |
|
9. Name of person contacted |
No |
|
10. Designation of contact person |
No |
|
11. Turnover of firm for last two years |
Yes |
|
12. Profitability for last two years |
No |
|
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 |
No |
|
19. Payments terms |
No |
|
20. Export / Import details |
No |
|
21. Market information |
----- |
|
22. Litigations that the firm / promoter involved |
----- |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
Yes |
|
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 |
FORM 8
|
Corporate
identity number of the company |
U25200MH2009PTC197080 |
|
Name of the
company |
AURAA ADHESIVE
TAPES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
44, D’Souza Colony, |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
City Union Bank Limited, 201, Ground Floor, Patel Retreat, College Road, Nashik-422005, Maharashtra, India |
|
Nature of
instrument creating charge |
Supplemental
Agreement for Loan and Hypothecation |
|
Date of
instrument Creating the charge |
04.08.2011 |
|
Amount secured by
the charge |
Rs. 7.500
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 14.00% Terms of repayment Interest Payment:
Monthly Rest. Terms of Principal Payment: One Year Margin As per Original
Agreement dated October 26, 2010 Extent and operation of the charge The Charge shall
operate till full repayment of Interest and Principal amount to the Charge
holder |
|
Short particulars
of the property charged (Including location of the property) |
All Moveables,
Stocks and Book Debts. Property Situated at 44, 'Nilesh', |
|
Charge
identification number of the charge to be modified |
10254969 |
|
Particulars of
the present modification |
As per the Original
Agreement dated October 26, 2010, the Credit Facilities was Rs.3.500
millions. By virtue of Agreement dated August 4, 2011, the credit facilities
have been enhanced by Rs.4.000 millions to Rs.7.500 millions |
TRADE REFERENCE:
·
Tata
·
Bajaj
FIXED ASSETS:
·
Computer and Laptops
·
Air Conditioner
·
Electrical Installation
·
Furniture
·
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. 56.29 |
|
|
1 |
Rs. 88.26 |
|
Euro |
1 |
Rs. 70.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPL |
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 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.