MIRA
INFORM REPORT
|
Report Date : |
08.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
Roli Books Private Limited |
|
|
|
|
Registered
Office : |
M-75, Greater Kailash-II, New Delhi – 110048, Delhi |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
05.03.1987 |
|
|
|
|
Com. Reg. No.: |
027209 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.265 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22110DL1987PTC027209 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELR08984D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR3393N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Children Books, Reference Books. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 59004 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There appears huge external borrowings recorded by the company.
However, it has shown some improvement in its performance during 2012. Trade relations are reported as fair. Business is active. Payment
terms are slow but correct. The comapny7 can be considered for business dealing 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 |
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 : |
M-75, Greater Kailash-II, New Delhi – 110048, Delhi, India
|
|
Tel. No.: |
91-11-40682000 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branches : |
Delhi and north India Mr. Shammi Kapoor M-75 Greater Kailash 2 Market
New Delhi 110048, India Maharasthra and west India Mr. Neville Crasto
Karnataka and Andhra Pradesh Mr. Sridhar Kulkarni Tamil Nadu, Kerala and South India Mr. P K Selvakumar |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Pramod Kumar Kapoor |
|
Designation : |
Director |
|
Address : |
M-75 Greater Kailash 2 Market New Delhi 110048, India |
|
Date of Birth/Age : |
23.09.1953 |
|
Date of Appointment : |
05.03.1987 |
|
DIN No.: |
00814670 |
|
|
|
|
Name : |
Mr. Kiran Kapoor |
|
Designation : |
Director |
|
Address : |
W-23 Greater Kailash 1 Market New Delhi 110048, India |
|
Date of Birth/Age : |
08.08.1956 |
|
Date of Appointment : |
01.04.1995 |
|
DIN No.: |
00814299 |
|
|
|
|
Name : |
Mr. Kapil Kapoor |
|
Designation : |
Director |
|
Address : |
M-75 Greater Kailash 2 Market New Delhi 110048, India |
|
Date of Birth/Age : |
04.08.1981 |
|
Date of Appointment : |
20.12.2003 |
|
DIN No.: |
00814593 |
|
|
|
|
Name : |
Ms. Priya Kapoor |
|
Designation : |
Director |
|
Address : |
M-75 Greater Kailash 2 Market New Delhi 110048, India |
|
Date of Birth/Age : |
30.08.1979 |
|
Date of Appointment : |
31.12.2007 |
|
DIN No.: |
01944804 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Kiran Kapoor |
|
1917 |
|
Pramod Kumar Kapoor |
|
124 |
|
Priya Kapoor |
|
1997 |
|
Kapil Kapoor |
|
2997 |
|
Lustre Press Private Limited, India |
|
3500 |
|
Vivek Bedi |
|
1 |
|
Sameer Bedi |
|
1 |
|
RST Indiaink Publishing, India |
|
1000 |
|
Total |
|
11537 |
AS ON 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
35.56 |
|
Directors or relatives of Directors |
64.44 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Children Books, Reference Books. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· Kotak Mahindra Bank Limited, 36-38a, Nariman Bhavan, 227, D, Nariman Point, Mumbai - 400021, Maharashtra, India ·
Union Bank of India, 4/14a Asaf Ali Road, New
Delhi - 110002, Delhi, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
a)
Working Capital loan from bank is secured against
directors properties b)
The reconciled Memorandum a/c with UBI Bank
amounting to Rs.3.534 Millions Credit Balance in on amount of difference
between the bank balance as per company books and as per bank
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mittal Chaudhry and Company Chartered Accountant |
|
Address : |
R-265D, Greater Kailash-I New Delhi 110048 Delhi, India |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000 |
Equity Shares |
Rs.100/- |
Rs.2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
12653 |
Equity Shares |
Rs.10/- |
Rs.1.265 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.265 |
1.265 |
1.265 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
13.486 |
11.026 |
14.912 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
14.751 |
12.291 |
16.177 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
28.861 |
21.672 |
12.178 |
|
|
2] Unsecured Loans |
3.099 |
5.643 |
4.927 |
|
|
TOTAL BORROWING |
31.960 |
27.315 |
17.105 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
46.711 |
39.606 |
33.282 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
12.262 |
11.981 |
11.815 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
3.630 |
3.259 |
4.659 |
|
|
DEFERREX TAX ASSETS |
1.714 |
1.880 |
0.917 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
17.840
|
10.168 |
8.526 |
|
|
Sundry Debtors |
45.890
|
37.736 |
27.954 |
|
|
Cash & Bank Balances |
5.839
|
5.740 |
3.012 |
|
|
Other Current Assets |
0.020
|
0.000 |
0.000 |
|
|
Loans & Advances |
6.997
|
10.274 |
9.791 |
|
Total
Current Assets |
76.586
|
63.918 |
49.283 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
32.122
|
22.731 |
21.778 |
|
|
Other Current Liabilities |
11.403
|
14.852 |
9.829 |
|
|
Provisions |
3.956
|
3.849 |
1.785 |
|
Total
Current Liabilities |
47.481
|
41.432 |
33.392 |
|
|
Net Current Assets |
29.105
|
22.486 |
15.891 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
46.711 |
39.606 |
33.282 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
84.313 |
65.294 |
60.962 |
|
|
|
Other Income |
6.279 |
1.615 |
5.661 |
|
|
|
TOTAL (A) |
90.592 |
66.909 |
66.623 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Trade Stock |
8.901 |
9.181 |
|
|
|
|
Employee Benefit Expenses |
14.969 |
16.599 |
|
|
|
|
Change in inventories of Finished Goods and Stock in trade |
(7.671) |
(1.642) |
|
|
|
|
Other Expenses |
65.787 |
43.033 |
|
|
|
|
TOTAL (B) |
81.986 |
67.171 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
8.606 |
(0.262) |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.186 |
2.200 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.420 |
(2.462) |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.564 |
1.157 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.856 |
(3.619) |
3.120 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
1.396 |
0.267 |
(0.274) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
2.460 |
(3.886) |
3.394 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
194 |
(307) |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.72
|
(5.81) |
5.09 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.57
|
(5.54) |
5.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.33
|
(4.77) |
5.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
(0.29) |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.17
|
2.22 |
1.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.61
|
1.54 |
1.47 |
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 |
No |
|
8] |
No. of employees |
No |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
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 |
No |
|
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 |
No |
FUTURE OUTLOOK
The Company’s current focus is to take up new projects by infusing fresh capital or raising fund to give positive shape to the objectives of the company.
BANKERS CHARGES REPORT
AS PER REGISTRY
|
Corporate
identity number of the company |
U22110DL1987PTC027209 |
|
Name of the
company |
ROLI BOOKS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
M-75, Greater
Kailash-II, New Delhi – 110048, Delhi, India |
|
This form is for |
Creation
of charge |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
KOTAK MAHINDRA
BANK LIMITED |
|
Nature of instrument
creating charge |
Supplementry Deed
of Hypothecation. |
|
Date of
instrument Creating the charge |
19/07/2012 |
|
Amount secured by
the charge |
Rs.40.560
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Constant OD -
Floating over the tenure of the facility. Terms of
Repayment BG - Maximum 24
months including claim period. Margin BG (Cash Margin) -
Minimum cash margin of 15% shall be provided upfront in the form of FD.(100%
cash margin for guarantees covering disputed liabilities). Lien shall be
marked on the FD till such time as the BG is cancelled and returned to the
Bank. Extent and
Operation of the charge First and
exclusive charge by way of Hypothecation of Current assets and Movable fixed
assets present and future of the Borrower, in favour of Kotak Mahindra bank
as security for repayment of financial facilities granted by the Bank to the Borrower. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
The whole of
Borrower's Current assets and Movable fixed assets both present and future as
described in Schedule to the Supplementry Deed of Hypothecation. |
FIXED ASSETS:
·
Building
·
Pant and Equipment
·
Vehicles
·
Computers
·
Office Equipment
·
Furniture and Fixtures
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 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.54.88 |
|
|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.