1. Summary Information
|
|
|
Country |
|
|
Company Name |
METRO CASH AND
CARRY INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Rajeev Bakshi |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Alec John Booth |
|
|
|
Registration # |
08-028483 |
|
Street Address |
#26/3,
Industrial Suburbsward #9, A Block, Subramanyanagar, Bangalore- 560055,
Karnataka, India |
||
|
Established Date |
18.01.2001 |
SIC Code |
-- |
|
Telephone# |
91-80-22192000/ 22192245 / 25353827/
25092237/ 22192307 / 22192308 |
Business Style 1 |
Wholesale Trading |
|
Fax # |
91-80-22192200/ 25092236/ 22192199 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Food Products |
|
|
# of employees |
1150 (Approximately) |
Product Name 2 |
Non-Food
Products. |
|
Paid up capital |
Rs. 8206,310,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings - 100.00% |
Banking |
Deutsche Bank |
|
Public Limited Corp. |
No |
Business Period |
11 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(41) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
|
MGB METRO Group Buying GmbH |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.12.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1609,370,000 |
Current Liabilities |
2318.500,000 |
|
Inventories |
1083,070,000 |
Long-term Liabilities |
4824.290,000
|
|
Fixed Assets |
8440,160,000 |
Other Liabilities |
0 |
|
Deferred Assets |
0 |
Total Liabilities |
7142.790,000 |
|
Invest& other Assets |
264,550,000 |
Retained Earnings |
4720.510,000 |
|
|
|
Net Worth |
4254.360,000 |
|
Total Assets |
11397,150,000 |
Total Liab. & Equity |
11397.150,000 |
|
Total Assets (Previous Year) |
7642,290,000 |
|
|
|
P/L Statement as of |
31.12.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
16248,150,000 |
Net Profit/Loss |
(888,540,000) |
|
Sales(Previous yr) |
12196,370,000 |
Net Profit/
Loss(Prev.yr) |
(1803,930,000) |
MIRA
INFORM REPORT
|
Report Date : |
27.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
METRO CASH AND CARRY INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
#26/3, Industrial Suburbsward #9, A Block, Subramanyanagar, Bangalore-
560055,
Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2011 |
|
|
|
|
Date of
Incorporation : |
18.01.2001 |
|
|
|
|
Com. Reg. No.: |
08-028483 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 8206.310 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909KA2001PTC028483 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRM05339F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCM4684P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Wholesale Trading
for Food Products and Non-Food Products. |
|
|
|
|
No. of Employees
: |
1150
(Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 17010000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Metro Cash and Carry International GmbH. It
is an established company having satisfactory track. Even though the company
has achieved better sales turnover during 2011, it has incurred loss. Accumulated losses recorded by the company seem to be increasing over
years. However, the subject company continues to derive its strong financial
and operational support from its ultimate parent, Metro AG. Metro AG is the world’s largest cash and carry operator and it
provides operational, management and financial support to the subject. Trade relations are reported as decent. Business is active. Payments
are reported to be slow but correct. In view of strong holding, the company can be considered 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
A (Long term loans) |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
06.01.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A1 (Short term loan) |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk |
|
Date |
06.01.2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
#26/3, Industrial Suburbsward #9, A Block, Subramanyanagar, Bangalore-
560055,
Karnataka, India |
|
Tel. No.: |
91-80-22192000/ 22192245
/ 25353827/ 25092237/ 22192307 / 22192308 |
|
Fax No.: |
91-80-22192200/
25092236/ 22192199 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Also Located at : v
v
Kolkata
v
v
Mumbai
|
DIRECTORS
As on 29.06.2012
|
Name : |
Mr. Rajeev Bakshi |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Banghi Residency, 12th Floor, TTA Palki Lane, Prabhadevi,
Mumbai-400025, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.05.1957 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
23.08.2010 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00044621 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Alec John Booth |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
170, 1st Block, 2nd Mani, RMV 2nd
Stage, Dollars Colony, Bangalore-560094, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.09.1964 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.06.2008 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02115722 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ajay Singh |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
11/2, ITC Laburnum, Sushani Lok, Gurgaon-122001, Haryana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.06.1968 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
06.04.2009 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02413886 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Bouzeneth Benaouda |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
156A, 8th B Main, Sadashivanagar, RMV Extension,
Bangalore-560080, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.01.1969 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
23.06.2011 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03498637 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mukesh Dugar |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A3/ 402, White House, Apartment 6, Main 15 Cross, RT Nagar, Bangalore-560032,
Karnataka, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.04.1968 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.06.2012 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03542956 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Venkatesh Lakshminarayanan Tarakkad |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
CE/ DAR A902, Godrej Wood, Sman Estate, Hebbal Circle, Bellary Road,
Bangalore-560024, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.01.1972 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.06.2012 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03617181 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Alok Mehta Kandarp |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
VI/LLA, 113 Purva Parkri, DGE Off Outer Ring Road, Mahadevpura Post, Bangalore-560048,
Karnataka, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.09.1970 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.06.2012 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
05102251 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Rahul Jha |
|
Designation : |
Secretary |
|
Address : |
B: 03, RNS Shanti Niwas, Tumkur Road, Bangalore-560022, Karnataka,
India |
|
Date of Appointment : |
21.11.2011 |
|
PAN No.: |
AGHPJ8543N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.06.2012
|
Names of Shareholders |
|
No. of Shares |
|
Metro Cash and Carry International GmbH, Germany |
|
895631384 |
|
Metro International Beteiligungs GmbH, Germany |
|
1 |
|
Total |
|
895631385 |
List of Allottees as on 07.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Metro Cash and Carry International GmbH, Germany |
|
125000000 |
|
Total |
|
125000000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.06.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Wholesale Trading
for Food Products and Non-Food Products. |
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
1150
(Approximately) |
|||||||||
|
|
|
|||||||||
|
Bankers : |
·
The Royal Bank of Scotland N.V., Netherlands ·
B N P Paribas, France ·
Credit Agricole Corporate & Investment Bank, France ·
Citibank N.A., United States ·
Deutsche Bank, Germany ·
HSBC Limited, Hong Kong ·
Standard Chartered Bank, United Kingdom |
|||||||||
|
|
|
|||||||||
|
Facilities : |
Footnotes (A) * Secured by
a corporate guarantee issued by Metro AG (the ultimate holding company) ** Includes
external commercial borrowings from banks amounting to Rs 874.29 ** Amount
repayable within 12 months Rs 874.29 Short term loans and advances from banks
and other loans and advances from banks are tagged as rupee term loans from
bank (B) * Secured by
a corporate guarantee issued by Metro AG (the ultimate holding company) **
Includes external commercial borrowings from banks amounting to Rs 1399.39 **
Amount repayable within 12 months Rs 525.10 Short term loans and advances
from bank adn Other loans and advances from bank are tagged as rupee term
loans from bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and
Associates Chartered
Accountants |
|
Address : |
Maruthi Info-Tech
Centre, 11-12/1, Inner Ring Road, Koramangala, Bangalore – 560 071,
Karnataka, India |
|
PAN No.: |
AAIFB7355D |
|
|
|
|
Associates: |
·
MGB METRO Group Buying GmbH ·
MGB METRO Group Buying International GmbH ·
MGB METRO Group Buying HKLimited ·
METRO Group Information Technology GmbH ·
MAKRO Cash and Carry Belgium ·
METRO Jin Jiang Cash and Carry ·
MAKRO Cash and Carry Germany ·
MAKRO Cash and Carry Polska S.A ·
MGB METRO Group Buying Polska SP Z.o.o ·
10.METRO Cash and Carry Japan ·
METRO Cash and Carry d.o.o. (Croatia) ·
Metro Accounting Centre for Excellence (Private)
Limited ·
RAW Real Estate Asia Pte. Limited |
|
|
|
|
Holding Company: |
METRO Cash and Carry International GmbH |
|
|
|
|
Ultimate holding
Company: |
METRO AG |
|
|
|
|
Partnership firm in which control exists : |
METRO Cash and Carry Wines - Company holds 99.99% share |
|
|
|
|
Related Parties: |
·
MCCI Germany, Germany ·
METRO Jin Jiang Cash and Carry, China ·
METRO Cash and Carry Vietnam Limited, Viet Nam |
|
|
|
|
|
|
CAPITAL STRUCTURE
As on 31.12.2011
Authorised Capital: Rs.10000.000 Millions
Issued, Subscribed & Paid-up Capital: Rs.8206.310
Millions
As on 29.06.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000000 |
Equity Shares |
Rs.10/- each |
Rs.15000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1020631385 |
Equity Shares |
Rs.10/- each |
Rs.10206.314 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
8206.310 |
8206.310 |
8206.310 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
4720.510 |
4720.510 |
4720.510 |
|
|
4] (Accumulated Losses) |
(8672.460) |
(7783.920) |
(5979.990) |
|
|
NETWORTH |
4254.360 |
5142.900 |
6946.830 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
4824.290 |
2499.390 |
1581.350 |
|
|
TOTAL BORROWING |
4824.290 |
2499.390 |
1581.350 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
9078.650 |
7642.290 |
8528.180 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
8440.160 |
6561.340 |
6985.580 |
|
|
Capital work-in-progress |
264.550 |
1293.800 |
1630.510 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1083.070
|
554.490 |
462.200
|
|
|
Sundry Debtors |
80.500
|
48.150 |
12.650
|
|
|
Cash & Bank Balances |
1123.060
|
360.700 |
541.150
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
405.810
|
275.590 |
218.390
|
|
Total
Current Assets |
2692.440
|
1238.930 |
1234.390 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1535.420
|
916.890 |
899.390
|
|
|
Other Current Liabilities |
699.550
|
475.670 |
377.690
|
|
|
Provisions |
83.530
|
59.220 |
45.220
|
|
Total
Current Liabilities |
2318.500
|
1451.780 |
1322.300 |
|
|
Net Current Assets |
373.940
|
(212.850) |
(87.910) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
9078.650 |
7642.290 |
8528.180 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
16248.150 |
12196.370 |
9771.720 |
|
|
|
Other Income |
527.990 |
28.900 |
59.030 |
|
|
|
TOTAL |
16776.140 |
12225.270 |
9830.750 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
17427.020 |
13818.450 |
10711.160 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
17427.020 |
13818.450 |
10711.160 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(650.880) |
(1593.180) |
(880.410) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
237.660 |
210.750 |
215.380 |
|
|
|
|
|
|
|
|
|
|
PROFIT / [LOSS]
BEFORE TAX |
(888.540) |
(1803.930) |
(1095.790) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
2.450 |
|
|
|
|
|
|
|
|
|
|
PROFIT /
[LOSS] AFTER TAX |
(888.540) |
(1803.930) |
(1098.240) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Capital Discounts in respect of fixed assets
|
|
3.010 |
1.590 |
|
|
|
Trade Discounts |
|
|
1.600 |
|
|
|
Others |
|
|
0.710 |
|
|
TOTAL EARNINGS |
7.060 |
3.010 |
3.900 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
NA |
NA |
4.550 |
|
|
|
Traded Goods (other than goods in transit) |
NA |
NA |
25.010 |
|
|
TOTAL IMPORTS |
NA |
NA |
29.560 |
|
|
|
|
|
|
|
|
|
|
Earnings /
[LOSS] Per Share (Rs.) |
(1.08) |
(2.20) |
(1.34) |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
PAT / Total Income |
(%) |
(5.30)
|
(14.76) |
(11.17) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(5.47)
|
(14.79) |
(11.21) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.98)
|
(23.13) |
(13.33) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.21)
|
(0.35) |
(0.16) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.68
|
0.77 |
0.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16
|
0.85 |
0.93 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
Yes |
|
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 |
Yes |
|
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
(if applicable) |
No |
|
21] |
Market information |
------ |
|
22] |
Litigations that the firm
/ promoter involved in |
------ |
|
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 |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
FIXED ASSTES:
·
Plant and machinery
·
Computers
·
Software (intangible assets)
·
Furniture and fixtures
·
Office equipment
·
Vehicles
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.53.58 |
|
|
1 |
Rs.86.60 |
|
Euro |
1 |
Rs.68.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
41 |
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.