MIRA
INFORM REPORT
|
Report Date : |
24.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
COLO COLOR PRIVATE LIMITED |
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Registered
Office : |
Dadar Dept Stores, 1st Floor, M. C. Jawale Marg, Opposite Kabutar Khana,
Dadar (West), Mumbai – 400028, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
11.09.1989 |
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Com. Reg. No.: |
11-053388 |
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Capital Investment
/ Paid-up Capital : |
Rs.9.504 Millions |
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|
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CIN No.: [Company Identification
No.] |
U74940MH1989PTC053388 |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Digital Camera, Handycam, Snap Lab and UPDR
printer/DVD recorder and Memory Stick. |
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No. of Employees
: |
Information declined by the management |
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 |
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Maximum Credit Limit : |
USD 71000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. There appear huge external borrowings recorded by the company which
acts as threat to the company’s liquidity. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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.
INFORMATION DENIED BY
|
Name : |
Mr. Raju Sheth |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-61569187/ 190 |
|
Date : |
23.04.2013 |
LOCATIONS
|
Registered Office : |
Dadar Dept Stores, 1st Floor, M. C. Jawale Marg, Opposite Kabutar
Khana, Dadar (West), Mumbai – 400028, Maharashtra, India |
|
Tel. No.: |
91-22-61569187 |
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Fax No.: |
91-22-24227873 |
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E-Mail : |
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Showroom : |
Located at: · Borivali · Dadar · Lower Parel ·
Ghatkopar |
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Branches : |
Located at: · Borivali · Bhandup · Bhayendar · Chembur · Churchgate · C S T · Dadar · Dombivli · Fort · Ghatkopar · Girgaon · Khargar · Mulund · Matunga · Mahim · Mira Road · Sakinaka · Thane · Valsad · Vashi |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Pinkal Pravin Rambhia |
|
Designation : |
Director |
|
Address : |
37, Geeta Building, 3rd Floor, R.B. Rawat Marg, Shivaji
Park, Dadar (West), Mumbai – 400028, Maharashtra, India |
|
Date of Birth/Age : |
09.05.1979 |
|
Date of Appointment : |
13.06.2007 |
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DIN No.: |
01149976 |
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|
|
|
Name : |
Mr. Deepak Devji Patel |
|
Designation : |
Director |
|
Address : |
C-26, Bell Haven Society, Flat No. 2, LIC Colony, Borivali (West),
Mumbai – 400101, Maharashtra, India |
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Date of Birth/Age : |
25.06.1960 |
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Date of Appointment : |
30.09.1995 |
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DIN No.: |
01143762 |
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|
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Name : |
Mr. Pravin Damji Rambhia |
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Designation : |
Director |
|
Address : |
37, Geeta Building, 3rd Floor, R.B. Rawat Marg, Shivaji
Park, Dadar (West), Mumbai – 400028, Maharashtra, India |
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Date of Birth/Age : |
23.08.1952 |
|
Date of Appointment : |
15.12.2009 |
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DIN No.: |
01149996 |
KEY EXECUTIVES
|
Name : |
Mr. Raju Sheth |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rambhia Damji Pravin |
|
770 |
|
Rambhia Pravin Ranjan |
|
48170 |
|
Rambhia Dilip Lata |
|
40 |
|
Patel Devji Narendra |
|
400 |
|
Patel Narendra Anuradha |
|
13200 |
|
Patel Devji Deepakkumar |
|
150 |
|
Patel Devji Damyanti |
|
30700 |
|
Rambhia Pravin Pinkal |
|
270 |
|
Rambhia Pravin Hiral |
|
950 |
|
Pravin Damji Rambhia HUF |
|
10 |
|
Deepak Devji Patel HUF |
|
100 |
|
Narendra Devji Patel HUF |
|
100 |
|
Patel Deepak Fenil |
|
100 |
|
Mota Chandresh Harsha |
|
10 |
|
Kanaiyalal Uday Mandliya |
|
10 |
|
Mota Bhimshi Mohanlal |
|
10 |
|
Mohanlal Bhimshi Mota HUF |
|
10 |
|
Sanjay Mohanlal Mota HUF |
|
10 |
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Mota Sanjay Amisha |
|
10 |
|
Mota Mohanlal Chandresh |
|
10 |
|
Shah Dhiraj |
|
10 |
|
|
|
|
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Total |
|
95040 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
99.92 |
|
Other top fifty shareholders |
|
0.08 |
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Digital Camera, Handycam, Snap Lab and UPDR
printer/DVD recorder and Memory Stick. |
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|
|
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Brand Names : |
· Sony · Kodak · Digitek · Sandisk |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
The Saraswat Co-operative Bank Limited, Carnac Bunder Branch, 113-16,133-35, Vyapar Bhavan, 1st Floor, P D Mello Road, Carnac Bunder, Mumbai - 400009, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Navin and Associates Chartered Accountants |
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Address : |
23-B, Haji Habib Building, 1st Floor, Above Kohinoor Electronics,
Dadar (East), Mumbai – 400014, Maharashtra, India |
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E-Mail : |
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PAN No.: |
AAJFN0726B |
CAPITAL STRUCTURE
As on: 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
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|
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As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
95040 |
Equity Shares |
Rs.100/- each |
Rs.9.504 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
9.504 |
9.504 |
0.504 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
8.475 |
1.961 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
(1.700) |
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NETWORTH |
17.979 |
11.465 |
(1.196) |
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|
LOAN FUNDS |
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1] Secured Loans |
117.085 |
84.885 |
36.638 |
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2] Unsecured Loans |
205.623 |
122.521 |
75.531 |
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TOTAL BORROWING |
322.708 |
207.406 |
112.169 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
340.687 |
218.871 |
110.973 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
84.247 |
123.602 |
50.451 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
117.398 |
0.141 |
0.102 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
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Inventories |
92.086
|
72.312 |
48.501 |
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Sundry Debtors |
26.280
|
32.431 |
21.707 |
|
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Cash & Bank Balances |
12.338
|
2.690 |
0.804 |
|
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Other Current Assets |
5.846
|
4.469 |
0.000 |
|
|
Loans & Advances |
1.608
|
1.165 |
3.199 |
|
Total
Current Assets |
138.158
|
113.067 |
74.211 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
(3.271)
|
15.170 |
11.601 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
1.890 |
|
|
Provisions |
2.387
|
2.769 |
0.300 |
|
Total
Current Liabilities |
(0.884)
|
17.939 |
13.791 |
|
|
Net Current Assets |
139.042
|
95.128 |
60.420 |
|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
340.687 |
218.871 |
110.973 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
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SALES |
|
|
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Gross Receipts |
554.760 |
348.503 |
188.546 |
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EXPENSES |
|
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Administrative Expenses |
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|
|
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Advertising Expenses |
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|
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TOTAL |
NA |
NA |
NA |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
21.755 |
14.367 |
11.329 |
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DEPRECIATION/
AMORTISATION |
14.307 |
10.021 |
8.078 |
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PROFIT BEFORE
TAX |
7.448 |
4.346 |
3.250 |
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|
TAX |
NA |
NA |
NA |
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PROFIT AFTER TAX
|
NA |
NA |
NA |
|
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|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.35 |
1.84 |
2.61 |
|
|
|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.41 |
0.40 |
(2.72) |
|
|
|
|
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|
|
Debt Equity Ratio (Total Debt/Networth) |
|
17.95 |
18.09 |
(93.79) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
(156.29) |
6.30 |
5.38 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS:
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors
|
|
|
|
|
Due to Micro enterprises and small enterprises |
-- |
-- |
|
|
Due to Others |
(3.271)
|
15.170 |
|
|
|
|
|
|
|
Total |
(3.271)
|
15.170 |
11.601 |
|
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 |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
-- |
|
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 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2012 |
As on 31.03.2011 |
|
Anuradha N. Patel |
5.743 |
4.237 |
|
Chandresh Mohanlal Mota HUF |
2.500 |
0.000 |
|
Damyanti D. Patel |
4.087 |
3.383 |
|
Deepak D. Patel |
86.391 |
35.610 |
|
Deepak D. Patel HUF |
3.160 |
0.160 |
|
Fenil D. Patel |
1.482 |
1.057 |
|
Harsha Chandresh
Mota |
3.500 |
1.500 |
|
Hiral P. Rambhia |
0.505 |
3.145 |
|
Lata D. Rambhia |
1.067 |
0.287 |
|
Narendra D. Patel HUF |
1.351 |
1.004 |
|
Pinkal P.
Rambhia |
11.477 |
28.301 |
|
Pravin D.
Rambhia |
78.343 |
27.468 |
|
Pravin D.
Rambhia HUF |
0.000 |
1.573 |
|
Ranjan P.
Rambhia |
0.327 |
4.046 |
|
Sanjay Mohanlal Mota HUF |
1.900 |
1.900 |
|
Shakuntalaben R.
Patel |
1.690 |
0.000 |
|
Mandliya Uday Kanaiyalal |
0.000 |
2.500 |
|
Mohanlal Bhimshi
Mota |
0.000 |
2.000 |
|
Mohanlal Bhimshi Mota HUF |
0.000 |
2.250 |
|
Dhiraj K Shah |
0.850 |
0.850 |
|
Manrlal B. Mota |
0.600 |
0.600 |
|
Manrlal B. Mota HIIF |
0.650 |
0.650 |
|
|
|
|
|
Total |
205.623 |
122.521 |
OPERATION AND FUTURE PLANS:
The Company’s Revenue has increased
substantially as compared to last year. The director’s are confident of better
performance in the ensuring years.
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U74940MH1989PTC053388 |
|
Name of the
company |
COLO COLOR
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Dadar Dept Stores, 1st Floor, M. C. Jawale Marg, Opposite Kabutar
Khana, Dadar (West), Mumbai – 400028, Maharashtra, India E-mail: navin_ca85@rediffmail.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable property (not
being pledge) |
|
Particular of
charge holder |
The Saraswat Co-operative Bank Limited, Carnac Bunder Branch, 113-16,133-35, Vyapar Bhavan, 1st Floor, P D Mello Road, Carnac Bunder, Mumbai - 400009, Maharashtra, India E-mail: gd_sawant@saraswatbank.com |
|
Nature of
instrument creating charge |
Agreement of
Hypothecation of Movable Property |
|
Date of
instrument Creating the charge |
14.12.2012 |
|
Amount secured by
the charge |
Rs.2.436 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest PLR-1.25%= 13.25%
p.a. or at such rate as maybe determined by the bank from time to time Terms of
Repayment On demand or by December 2015 if the same is not
demanded earlier Margin 30% Extent and
Operation of the charge This is term loan
facility. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
machinery such as Cat no 9029001 used
QSS 3202 STD Minilab with all accessories at Chembur, CMYK mahcine , printer KM C 6000, LU 202 Large Capacity
unit, KM controller IC 601 Bypass Tray MB 504, output tray OT 502, HDD HD
514, Preview kit, OC 506 Platen cover tangible movable property (both present
and future) belonging to the borrower and lying and being at borrowers place
of business at Dadar Dept Store, 1st floor M C Jawale Marg Near Kabutar Khana
Dadar West or Shop no 1 Dr C G Road Chembur Colony Chembur 400074 or
whereverelse the same may be. |
FIXED ASSETS
· Building
· Air Conditioner
· Camera
· Electronic Vacuncleaner
· EPBAX System
· Fax Machine
· Fire Extinguisher
· Machinery
· Mobile Telephone
· Pager Instrument
· Sheding Machines
· Studio Equipment
· UPS System
· Water Coller
· Water Filter
· Weight Scale
· Office Equipment
· Plant and Machinery
· Cycle
· Motor Car
· Scooter
· Computer
· Computer Software
· Leasehold Rights
· Goodwill
· Furniture and Fixture
· Commercial Premises
· Office Premises
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 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.54.30 |
|
UK Pound |
1 |
Rs.82.88 |
|
Euro |
1 |
Rs.70.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
33 |
|
TOTAL |
|
|
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.