MIRA
INFORM REPORT
|
Report Date : |
02.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
PABITRA ENCLAVE PRIVATE LIMITED |
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Registered
Office : |
13A, |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
21.04.2007 |
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Com. Reg. No.: |
21-115273 |
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Capital
Investment / Paid-up Capital : |
Rs. 2.862
Millions |
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CIN No.: [Company Identification
No.] |
U45400WB2007PTC115273 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CALP08540A |
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PAN No.: [Permanent Account No.] |
AAECP2300H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Coal. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B [28] |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 137000 |
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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.
Profitability of the company appears to be low. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow but
correct. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
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 : |
13A, |
|
Tel. No.: |
91-33-22319286 |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
AS ON 27.09.2012
|
Name : |
Mr. Ayan Sinha |
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Designation : |
Director |
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Address : |
16, Raj |
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Date of Birth/Age : |
19.05.1978 |
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Date of Appointment : |
21.04.2007 |
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DIN No.: |
00863935 |
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Other Directorship : |
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Name : |
Mr. Arun Kumar Halder |
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Designation : |
Director |
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Address : |
49, |
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Date of Birth/Age : |
08.08.1981 |
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Date of Appointment : |
21.08.2008 |
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DIN No.: |
01522481 |
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Other Directorship : |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2012
|
Names of Shareholders |
|
No. of Shares |
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Pabitra Hazra |
|
5000 |
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Ayan Sinha |
|
5000 |
|
Viconic Merchants Private Limited, |
|
5200 |
|
Krishna Financial Consultants Private Limited, |
|
57000 |
|
Raunak Tradelinks Private Limited, |
|
69750 |
|
Everlike Vyapaar Private Limited, |
|
69750 |
|
Panorama Commercial Private Limited, |
|
74500 |
|
Total |
|
286200 |
AS ON 27.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
96.50 |
|
Directors
or relatives of directors |
|
1.75 |
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Other
top fifty shareholders |
|
1.75 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Coal. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
Kotak Mahindra Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
K. Kejriwal and Company Chartered Accountants |
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Address : |
26, Dr's Colony, P.O Searsole, Raniganj, Burdwan – 713358, West
Bengal, India |
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Tel. No.: |
91-33-22374504 |
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Mobile No.: |
91-9331014884/ 9333333372 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAHFK0129M |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350,000 |
Equity Shares |
Rs. 10/- each |
Rs. 3.500 Millions |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
286,200 |
Equity Shares |
Rs. 10/- each |
Rs. 2.862
Millions |
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|
|
|
|
Reconciliation number of shares and amount outstanding at the beginning
and end of the reporting period
|
Particulars |
Opening Balance |
Fresh Issue |
Other charges |
Closing balance |
|
Equity shares with voting right |
|
|
|
|
|
Number of shares |
285200 |
1000 |
-- |
286200 |
|
Amount |
2.852 |
0.010 |
-- |
2.862 |
Details of shares held by each share holder more than 5% shares
|
Particulars |
31.03.2012 |
|
|
|
Number of shares
held |
% holding in
that class of shares |
|
Krishna Financial Consultants Private Limited, India |
57000 |
19.92 |
|
Raunak Tradelinks Private Limited, India |
69750 |
24.37 |
|
Everlike Vyapaar Private Limited, India |
69750 |
24.37 |
|
Panorama Commercial Private Limited, India |
74500 |
26.03 |
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 |
2.862 |
2.852 |
2.852 |
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|
2] Share Application Money |
0.000 |
0.500 |
0.000 |
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|
3] Reserves & Surplus |
31.376 |
30.795 |
30.771 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
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NETWORTH |
34.238 |
34.147 |
33.623 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
75.528 |
85.000 |
0.000 |
|
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TOTAL BORROWING |
75.528 |
85.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.001 |
0.000 |
0.000 |
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|
|
|
|
|
|
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TOTAL |
109.767 |
119.147 |
33.623 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.026 |
0.000 |
0.000 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
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|
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|
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INVESTMENT |
121.493 |
32.793 |
25.293 |
|
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DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.669
|
1.669 |
0.000 |
|
|
Sundry Debtors |
0.298
|
0.051 |
1.103
|
|
|
Cash & Bank Balances |
2.050
|
0.818 |
1.638
|
|
|
Other Current Assets |
0.533
|
0.049 |
0.000 |
|
|
Loans & Advances |
302.138
|
85.274 |
7.766
|
|
Total
Current Assets |
306.688
|
87.861 |
10.507
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
305.665
|
1.443 |
1.443
|
|
|
Other Current Liabilities |
12.664
|
0.005 |
0.532
|
|
|
Provisions |
0.111
|
0.059 |
0.243
|
|
Total
Current Liabilities |
318.440
|
1.507 |
2.218
|
|
|
Net Current Assets |
(11.752)
|
86.354 |
8.289
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.041 |
|
|
|
|
|
|
|
|
TOTAL |
109.767 |
119.147 |
33.623 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
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|
|
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|
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|
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Other Income |
|
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|
|
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TOTAL |
840.919 |
2.099 |
62.546 |
|
|
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|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
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|
|
|
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Administrative Expenses |
|
|
|
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Advertising Expenses |
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|
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TOTAL |
840.775 |
2.059 |
62.337 |
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|
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|
|
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|
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|
PROFIT BEFORE
TAX |
0.144 |
0.040 |
0.209 |
|
|
|
|
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|
|
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|
Less |
TAX |
0.053 |
0.016 |
0.068 |
|
|
|
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|
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|
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|
PROFIT AFTER TAX
|
0.091 |
0.024 |
0.141 |
|
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|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
0.747 |
0.723 |
0.582 |
|
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|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.838 |
0.747 |
0.723 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.32 |
0.08 |
0.49 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.01 |
1.14 |
0.23
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.05
|
0.05 |
1.99
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.00 |
0.01
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
11.51
|
2.53 |
0.07
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.96
|
58.30 |
4.74
|
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 |
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 |
-- |
|
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 |
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. 54.83 |
|
|
1 |
Rs. 89.23 |
|
Euro |
1 |
Rs. 72.48 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--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 |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.