MIRA INFORM REPORT
|
Report Date : |
02.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SANSULA INTERNATIONAL BRANDS LIMITED |
|
|
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Registered
Office : |
95, Mittal Chambers, Nariman Point, Mumbai – 400021, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
09.03.1999 |
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Com. Reg. No.: |
11-118767 |
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Capital
Investment / Paid-up Capital : |
Rs.4.531 Millions |
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|
|
|
CIN No.: [Company Identification
No.] |
U15530MH1999PLC118767 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS40050D MUMS27637B |
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PAN No.: [Permanent Account No.] |
AAFCS0509L |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
No Business Activities. |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
No Business Activity |
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|
|
|
Payment Behaviour : |
Unknown |
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|
Litigation : |
Clear |
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Comments : |
Subject is a company which has not done any business past many years. Ms. Pramila, Accountant has stated that the management does not know
if any activities will be dome in future. However, the business is being carried out in its sister concern. The latest financials [2012] is not available. Payment terms are unknown. The company can be considered for business dealings only on a safe and
secured 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.
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 PARTED BY
|
Name : |
Ms. Pramila |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-61459400 |
|
Date : |
01.07.2013 |
LOCATIONS
|
Registered Office : |
95, Mittal Chambers, Nariman Point, Mumbai – 400021, |
|
Tel. No.: |
91-22-61459400 |
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Fax No.: |
91-22-61119100 |
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E-Mail : |
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|
Website : |
http://www.sansula.com |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Sanjay Balaram Menon |
|
Designation : |
Director |
|
Address : |
21, Everest Apartment, Mount Pleasant Road, Mumbai – 400006,
Maharashtra, India |
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Date of Birth/Age : |
27.12.1964 |
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Date of Appointment : |
09.03.1999 |
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DIN No.: |
00702255 |
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|
|
|
Name : |
Mr. Santosh Ramanna Shetty |
|
Designation : |
Director |
|
Address : |
Peneta Galaxy, Flat No. D/201, Opposite Wadala Fire Station Antop Hill
Wadala (East), Mumbai – 400037, Maharashtra, India |
|
Date of Birth/Age : |
04.06.1974 |
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Date of Appointment : |
15.07.2003 |
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DIN No.: |
03183625 |
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|
|
|
Name : |
Mr. Rajesh Narayanan Madhavan |
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Designation : |
Director |
|
Address : |
No.4/725, Kalathumedu Street, Swaminatha Nagar, Kottivakkam, Chennai –
600041, Tamilnadu, India |
|
Date of Birth/Age : |
18.11.1970 |
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Date of Appointment : |
15.07.2003 |
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DIN No.: |
02519112 |
KEY EXECUTIVES
|
Name : |
Ms. Pramila |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
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|
Sanjay Balaram Menon |
|
411000 |
|
Lalita Balaram Menon |
|
41000 |
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Sonali Sanjay Menon |
|
1000 |
|
Sansula Foods and Beverages Private Limited, India |
|
100 |
|
Mammootil Thomas / Koshy Thomas |
|
1 |
|
Manish Shukla |
|
1 |
|
Rajish Kumar Topiwala |
|
1 |
|
|
|
|
|
Total |
|
453103 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
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Directors or relatives of directors |
|
100.00 |
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|
|
|
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Total
|
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
No Business Activities. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
|
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Bankers : |
· Citi Bank Nariman Point, Mumbai, Maharashtra, India |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
P. D. Heda and Company Chartered Accountants |
|
Address : |
430, Hind Rajasthan Building, 95, D. S. Phalke Road, Dadar (East),
Mumbai - 400014, Maharashtra, India |
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Tel No.: |
91-22-24111310/ 24111311 |
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PAN No.: |
AAAPH5265Q |
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Associates/Subsidiaries : |
· Sansula Address : 119, Creative
Industrial Estate, N.M. Joshi Marg, Lower Parel, Mumbai – 400011, Tel No. : 91-22-61459400 Fax No.: 91-22-61119100 Email : sansula@sansula.com Website : www.sansula.com Area : 950 Sq. Fts Location : Rented Line of
Business: Importer of Wines. Legal Form : Sole Proprietor
Concern Proprietor : Mrs. Lalitha
Menon Address : 21A, Everest
Apt, Mount Pleasant Road, Mumbai – 400006, Maharashtra, India Date of Birth /
Age : 64 Years Qualification : Graduate Experience : 20 Years Agencies Held: Heineken Far Exporters of : Wine, Country : Importer of : Wine, Beer,
Wine Accessories, Countries : Bankers: Indian Overseas
Banks, Wadala Branch Auditor: P. D. Heda and
Company, Chartered Accountant – Dadar Trade
References: Douglas Murray, Moutes Tel No. 56-2-2484805 Hugel and Tel No.: 33-3-809479215 |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
453103 |
Equity Shares |
Rs.10/- each |
Rs.4.531
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
4.531 |
4.531 |
4.531 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3.261 |
3.750 |
3.952 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
7.792 |
8.281 |
8.483 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.012 |
0.012 |
0.012 |
|
|
TOTAL BORROWING |
0.012 |
0.012 |
0.012 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.005 |
|
|
|
|
|
|
|
|
TOTAL |
7.804 |
8.293 |
8.500 |
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
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|
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|
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FIXED ASSETS [Net Block] |
0.986 |
0.986 |
1.010 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.452 |
0.233 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
1.149
|
1.149 |
1.149 |
|
|
Cash & Bank Balances |
0.112
|
0.178 |
0.127 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
13.076
|
13.588 |
13.785 |
|
Total
Current Assets |
14.337
|
14.915 |
15.061 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
7.600
|
7.471 |
7.201 |
|
|
Other Current Liabilities |
0.371
|
0.370
|
0.370 |
|
|
Provisions |
0.000
|
0.000
|
0.000 |
|
Total
Current Liabilities |
7.971
|
7.841 |
7.571 |
|
|
Net Current Assets |
6.366
|
7.074 |
7.490 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7.804 |
8.293 |
8.500 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.000 |
0.000 |
0.000 |
|
|
|
Other Income |
0.000 |
(0.004) |
0.000 |
|
|
|
TOTAL (A) |
0.000 |
(0.004) |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Administrative and Other Expenses |
0.707 |
0.295 |
0.053 |
|
|
|
TOTAL (B) |
0.707 |
0.295 |
0.053 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(0.707) |
(0.299) |
(0.053) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.001 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(0.707) |
(0.300) |
(0.053) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(0.707) |
(0.300) |
(0.053) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.218) |
(0.238) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(0.489) |
(0.062) |
(0.053) |
|
|
|
|
|
|
|
|
|
Less/ Add |
PREVIOUS YEARS
BALANCE |
1.750 |
1.952 |
2.005 |
|
|
|
|
|
|
|
|
|
Less/ Add |
EARLIER YEAR TAX
ADJUSTMENT |
0.000 |
(0.140) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1.261 |
1.750 |
1.952 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(1.08) |
(0.14) |
(0.012) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.00
|
(1550.00) |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.61)
|
(1.89) |
(0.33) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.09)
|
(0.04) |
(0.01) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.80
|
1.90 |
1.99 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS DETAILS:
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Creditors for Goods |
7.570 |
7.446 |
7.176 |
|
Sundry Creditors for Expenses |
0.030 |
0.025 |
0.025 |
|
|
|
|
|
|
Total |
7.600
|
7.471 |
7.201 |
|
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 |
No |
|
6] |
Line of Business |
No |
|
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 |
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 |
No |
|
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 |
No |
|
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 LOANS
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
From Directors |
0.012 |
0.012 |
|
|
|
|
|
Total |
0.012 |
0.012 |
FIXED ASSETS:
· Air Conditioners
· Plant and Machinery
· Furniture and Fixtures
·
Computer and Computer Software
·
Office Equipments
·
Goodwill
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.59.15 |
|
|
1 |
Rs.90.05 |
|
Euro |
1 |
Rs.77.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
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.