|
Report Date : |
31.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
MONARCH GRAPHICS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-15, Double Storey, Ramesh Nagar, New Delhi – 110015 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
02.09.1998 |
|
|
|
|
Com. Reg. No.: |
55-095920 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.3.512 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219DL1998PTC095920 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM12475B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCH2202P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Stickers like Barcodes Label, Security Label, etc. |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 68000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Trade relations are fair. Business is active. Payment terms are reported
as usually correct and as per commitment. The company can be considered normal for business dealings at usual
trade terms and conditions. Profit and Loss of the company is not available. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 (General Details)
|
Name : |
Mr. Bhrigav Jain |
|
Designation : |
Director |
|
Contact No.: |
91-9911110585 |
|
Date : |
27.07.2013 |
LOCATIONS
|
Registered Office : |
C-15, Double Storey, Ramesh Nagar, New Delhi – 110015, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9911110585 (Mr. Bhrigav Jain) 91-9810421031 (Mr. Sudhir Jain) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
A-151, Sector 63, Noida – 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4223236 |
|
Fax No.: |
91-120-4278793 |
|
Location : |
Owned |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Bhrigav Jain |
|
Designation : |
Director |
|
Address : |
C-133, Ramesh Nagar, New Delhi – 110015, Delhi, India |
|
Date of Birth/Age : |
06.09.1984 |
|
Date of Appointment : |
15.01.2007 |
|
DIN No.: |
00316838 |
|
|
|
|
Name : |
Mr. Pavail Jain |
|
Designation : |
Director |
|
Address : |
C-133, Ramesh Nagar, New Delhi – 110015, Delhi, India |
|
Date of Birth/Age : |
25.08.1957 |
|
Date of Appointment : |
31.03.2011 |
|
DIN No.: |
00316821 |
|
|
|
|
Name : |
Mr. Sanya Jain |
|
Designation : |
Director |
|
Address : |
5/16B, Roop Nagar, Delhi – 110007, India |
|
Date of Birth/Age : |
14.01.1987 |
|
Date of Appointment : |
25.05.2011 |
|
DIN No.: |
03533259 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Pavail Jain |
|
231100 |
|
Bhrigav Jain |
|
120100 |
|
|
|
|
|
Total |
|
351200 |
(AS ON 28.03.2013)
|
Names of Allottees |
|
No. of Shares
Allotted |
|
|
|
|
|
Navkar Labels Private Limited, India
|
|
250000 |
|
|
|
|
|
Total |
|
250000 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Stickers like Barcodes Label, Security Label, etc. |
|
|
|
|
Exports : |
|
|
Products : |
Barcodes Label, Security Label, etc. |
|
Countries : |
Sri Lanka |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
· Avery Dennision (India) Private Limited · Bar Code India Limited · Chauhan Associates · Creative Graphics · Jai Shree Balaji Enterprises · J. N. Arora and Company Private Limited (Delhi) · Nath Udyog · Rav International · RRM Trading Company · RSS Trading Company · Sahni Associates · Smart Solution · Uflex Limited |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
· ABC Marketing · Aerowin International · Alliance Fan Industries · Barcode India Limited · Basawa Technologies Limited · C. R. Auluck and Sons Private Limited · Elegant Auto Accessories · Guru Amar Industries · Heemo India · Indian Barcode House · M V Printers · Neelam Sales Agency · New Holland Fiat (India) Private Limited · Oberthur Technologies India Private Limited · R P Auto Style · S R N Enterprises · Shree Sai International · Swaroop Pharmaceutical Private Limited · Usaka Limited · Usaka Electricals · VIN Corporation · Y. S. Corporation |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
No. of Employees : |
30 (Approximately) |
|||||||||||||||||||||||||||
|
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|
|||||||||||||||||||||||||||
|
Bankers : |
· SIDBI C-60, Sector-2, Noida - 201301, Uttar Pradesh, India ·
IDBI Bank Noida, Uttar Pradesh, India |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
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Facilities : |
|
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Oswal Jain and Associates Chartered Accountant |
|
Address : |
B-1, Basement D Block Central Market, Savitri Chambers S-1, Prashant
Vihar, New Delhi – 110085, India |
|
PAN No.: |
AABFO7786N |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
601200 |
Equity Shares |
Rs.10/- each |
Rs.6.012
Millions |
|
|
|
|
|
(AS ON )
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
351200 |
Equity Shares |
Rs.10/- each |
Rs.3.512
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
3.512 |
0.512 |
|
(b) Reserves & Surplus |
|
10.939 |
8.254 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
2.500 |
0.000 |
|
Total Shareholders’
Funds (1)+(2) |
|
16.951 |
8.766 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
12.594 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
1.374 |
0.709 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
13.968 |
0.709 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
5.786 |
5.086 |
|
(b)
Trade payables |
|
12.283 |
2.608 |
|
(c)
Other current liabilities |
|
1.088 |
0.267 |
|
(d)
Short-term provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
|
19.157 |
7.961 |
|
|
|
|
|
|
TOTAL |
|
50.076 |
17.436 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
25.716 |
10.885 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
0.000 |
0.000 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
25.716 |
10.885 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
5.407 |
2.779 |
|
(c)
Trade receivables |
|
12.667 |
2.495 |
|
(d)
Cash and cash equivalents |
|
3.255 |
0.691 |
|
(e)
Short-term loans and advances |
|
0.000 |
0.000 |
|
(f)
Other current assets |
|
3.031 |
0.586 |
|
Total
Current Assets |
|
24.360 |
6.551 |
|
|
|
|
|
|
TOTAL |
|
50.076 |
17.436 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.512 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
6.100 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
6.612 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
5.286 |
|
|
TOTAL BORROWING |
|
|
5.286 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.494 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
12.392 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
10.762 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
3.173
|
|
|
Sundry Debtors |
|
|
1.957
|
|
|
Cash & Bank Balances |
|
|
0.397
|
|
|
Other Current Assets |
|
|
0.102
|
|
|
Loans & Advances |
|
|
0.000
|
|
Total
Current Assets |
|
|
5.629 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
3.508
|
|
|
Other Current Liabilities |
|
|
0.491
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
3.999
|
|
|
Net Current Assets |
|
|
1.630
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
12.392 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.08
|
0.58 |
0.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27
|
0.82 |
1.41 |
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
No |
|
12] |
Profitability for last three years |
No |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Short Term
Borrowings |
|
|
|
Bhrigav Jain Loan |
0.600 |
0.600 |
|
Pavail Jain Loan |
1.968 |
1.968 |
|
Rachna Jain Loan |
0.700 |
0.000 |
|
Rishab Jain Loan |
0.500 |
0.500 |
|
Sudhir Jain Loan |
2.018 |
2.018 |
|
|
|
|
|
Total |
5.786 |
5.086 |
NOTE:
The Registered office of the company has been shifted
from, C-133 Ramesh Nagar, Delhi – 110015, India, to the present address w.e.f.
21.03.2012.
INDEX OF CHARGES
|
S. No |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10300222 |
19/10/2011 * |
17,500,000.00 |
SIDBI |
C-60, SECTOR-2,
NOIDA, UTTAR PRADESH - 201301, INDIA |
B23438237 |
* Date of charge
modification
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.59.30 |
|
|
1 |
Rs.91.18 |
|
Euro |
1 |
Rs.78.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.