|
Report Date : |
11.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
FINE WINES N MORE (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
113, Raheja Plaza, Plot No 15/B, Next To Afcons, Off Link Road,
Andheri(W), Mumbai – 400059, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
02.04.2008 |
|
|
|
|
Com. Reg. No.: |
11-180743 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.102
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15520MH2008PTC180743 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMF05274D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Wine and Fresh Juice. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (18) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Even though the company was incorporated in the year 2008, it started
its activities from 2011. In its first year of financial there appears huge loss. The external borrowing
seems to be huge. However, business is active. Payments are slow. The company can be considered for business dealings on a safe and
secured 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.
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. Sonali Oza |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-42686666 |
|
Date : |
10.06.2013 |
LOCATIONS
|
Registered Office : |
113, Raheja Plaza, Plot No 15/B, Next To Afcons, Off Link Road, Andheri(W),
Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-42686666 |
|
Fax No.: |
91-22-42686667 |
|
E-Mail : |
|
|
|
|
|
Corporate Office: |
406 and 113, Raheja Plaza, Plot No 15/B, Parksons Press Communication,
Off Link Road, Andheri(W), Mumbai – 400059, Maharashtra, India |
|
Tel No.: |
91-22-40330000 |
|
Fax No.: |
91-22-40330100 |
|
Email: |
|
|
|
|
|
Branch Office : |
Bajrang House Association, 9 and 10, Ground Floor, N-5, South Extn,
Part 1, New Delhi – 110049, Delhi, India |
|
Tel No.: |
91-11-46047157 |
|
Fax No.: |
91-11-24602421 |
|
Email: |
|
|
|
|
|
Business Administrative Office : |
34 K, Laxmi Industrial Estate, Off New Link Road, Andheri (West), Mumbai-400053, Maharashtra, India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Dharti Arvindkumar Desai |
|
Designation : |
Director |
|
Address : |
103-104, 10th Floor, 2 C Windermer Off New Link Road,
Oshivara, Andheri (West), Maharashtra, India |
|
Date of Birth/Age : |
05.03.1967 |
|
Date of Appointment : |
02.04.2008 |
|
Din No.: |
01413933 |
|
|
|
|
Name : |
Mr. Arvindbhai Jivanji Desai |
|
Designation : |
Director |
|
Address : |
162, Windermere 2 B 16th Floor, Opp Millat Nagar, New Link
Road, Andheri (West), Maharashtra, India |
|
Date of Birth/Age : |
12.10.1938 |
|
Date of Appointment : |
02.02.2008 |
|
Din No.: |
01535002 |
KEY EXECUTIVES
|
Name : |
Ms. Sonali Oza |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Dharti Arvindkumar Desai |
|
10199 |
|
Arvindbhai Jivanji Desai |
|
1 |
|
|
|
|
|
TOTAL
|
|
10200 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Wine and Fresh Juice. |
|
|
|
|
Imports : |
|
|
Products : |
Wine and Fresh Juice |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||
|
|
|
|||||||||
|
Customers : |
End Users
|
|||||||||
|
|
|
|||||||||
|
No. of Employees : |
Not Divulged |
|||||||||
|
|
|
|||||||||
|
Bankers : |
|
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bhavesh R. Dalal and Company Chartered Accountants |
|
Address : |
40, Geeta, 135/138, J.P. Road, Andheri (West), Mumbai-400058,
Maharashtra, India |
|
Tel No.: |
91-22-26774681 [Office] 91-22-26287633 [Residential] |
|
PAN No: |
AABPD4208N |
|
|
|
|
Associates/Subsidiaries : |
Address:
113,
Raheja Plaza, Plot No 15/B, Next To Afcons, Off Link Road, Andheri(W), Mumbai
– 400059, Maharashtra, India Line
of Business: Printing |
CAPITAL STRUCTURE
AS ON 31.03.2012
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 |
|
10200 |
Equity Shares |
Rs.10/- each
|
Rs.0.102
Million |
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 |
0.102 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(22.613) |
0.000 |
0.000 |
|
|
NETWORTH |
(22.511) |
0.100 |
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5.037 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
62.185 |
0.164 |
0.150 |
|
|
TOTAL BORROWING |
67.222 |
0.164 |
0.150 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
44.711 |
0.264 |
0.250 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.785 |
0.000 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
Intangible Assets Under Development |
3.753 |
0.154 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.025 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
24.546
|
0.000 |
0.000 |
|
|
Sundry Debtors |
14.600
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
3.449
|
0.113 |
0.118 |
|
|
Other Current Assets |
3.938
|
0.000 |
0.000 |
|
|
Loans & Advances |
7.938
|
0.000 |
0.000 |
|
Total
Current Assets |
54.471
|
0.113 |
0.118 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
7.777
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
0.419
|
0.000 |
0.000 |
|
|
Provisions |
7.127
|
0.003 |
0.002 |
|
Total
Current Liabilities |
15.323
|
0.003 |
0.002 |
|
|
Net Current Assets |
39.148
|
0.110 |
0.116 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.134 |
|
|
|
|
|
|
|
|
TOTAL |
44.711 |
0.264 |
0.250 |
|
|
Particulars |
|
31.03.2013 |
31.03.2012 |
|
Sales Turnover [Approximately] |
|
48.500 |
47.500 |
Expected Sales (2013-14) : Rs.50.000 Millions.
The above information has been parted by Ms. Sonali Oza.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
(2.99)
|
1.64 |
1.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.55
|
37.67 |
59.00 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2012 [Rs. in millions] |
31.03.2011 [Rs. in millions] |
31.03.2010 [Rs. in millions] |
|
Sundry Creditors |
7.777
|
0.000 |
0.000 |
|
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 two years |
Yes |
|
12] |
Profitability for last three years |
No |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
From Directors |
27.085 |
0.164 |
|
From Others |
35.100 |
0.000 |
|
TOTAL
|
62.185 |
0.164 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U15520MH2008PTC180743 |
|
Name of the
company |
FINE WINES N MORE
(INDIA) PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
113, Raheja Plaza, Plot No 15/B, Next To Afcons, Off Link Road,
Andheri(W), Mumbai – 400059, Maharashtra, India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] Immovable
Property |
|
Particular of
charge holder |
State Bank of Patiala, Wode House Road Branch, 37, Nathalal Parekh
Marg, Lalit Building, Colaba, Mumbai-400001, Maharashtra, India Email: b5642@sbp.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Hypothecation of
all present and future goods, book debts and all other movable assets and equitable
mortgage of immovable property situated at 113, Raheja Plaza, plot 15/B, off
new link road, Andheri west, Mumbai. |
|
Date of
instrument Creating the charge |
24.05.2012 |
|
Amount secured by
the charge |
Rs.14.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 8.05% above base
rate i.e. 18.55% Terms of Repayment Cash credit Rs.
5.000 Millions on demand, B.G. limit Rs. 7.500 Millions and L.C. limit Rs.
1.500 Millions with full interchangeability. Margin CC: Inventory -
25% Book Debts (Up To 90 Days) - 40% BG: 25% In The
Form of Fixed Deposit LC: 25% In The
Form of Fixed Deposit Extent and Operation of the charge Hypothecation of
all present and future goods, book debts and all other movable assets and
equitable mortgage of immovable property situated at 113, Raheja Plaza, plot
15/B, off new link road, Andheri west, Mumbai and Personal Guarantee of
Dharti Desai, Mehul Desai and Arvind Desai. |
|
Short particulars
of the property charged |
Hypothecation of
all present and future goods, book debts and all other movable assets Equitable
mortgage of immovable property situated at 113, Raheja Plaza, plot 15/B, off
new link road, Andheri, Mumbai - 400053 |
FIXED ASSETS:
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.57.78 |
|
|
1 |
Rs.89.71 |
|
Euro |
1 |
Rs.76.24 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
18 |
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.