MIRA
INFORM REPORT
|
Report Date : |
24.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
CAMEX TRADELINK LIMITED (w.e.f. 08.04.2010) |
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Formerly Known
As : |
CAMEX TRADELINK PRIVATE LIMITED (w.e.f. 18.04.2002) CAMEX AUXI-CHEM PRIVATE LIMITED (W.e.f. 15.12.1989) KAL-CHOP EXPORT PRIVATE LIMITED |
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Registered
Office : |
1st Floor, Camex House, Stadium-Commerce Road, Navrangpura,
Ahmedabad – 380009, Gujarat |
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Country : |
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Financials (as
on) : |
31.03.2013 (Provisional) |
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Date of
Incorporation : |
26.04.1989 |
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Com. Reg. No.: |
04-12165 |
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Capital
Investment / Paid-up Capital : |
Rs.6.786 Millions |
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CIN No.: [Company Identification
No.] |
U51100GJ1989PLC012165 |
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IEC No.: |
0891010441 |
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PAN No.: [Permanent Account No.] |
AAACC7794C |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Trader, Exporter and Importer of Corporate Promotional Gift, Luggage
and Travel Ware. |
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No. of Employees
: |
70 (Approximately) (Office- 25, Branch- 33 and Factory- 12) |
RATING & COMMENTS
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MIRA’s Rating : |
B (34) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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. The
profit margin also appears low. However, trade relations are fair. Business is active. Payment terms
are 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
|
Name : |
Mr. Girish Doshi |
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Designation : |
Finance Manager |
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Contact No.: |
91-9879031330 |
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Date : |
20.06.2013 |
LOCATIONS
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Registered Office : |
1st Floor, Camex House, Stadium-Commerce Road, Navrangpura,
Ahmedabad – 380009, Gujarat, India |
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Tel. No.: |
91-79-66307400/ 66307200 |
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Mobile No.: |
91-9879031330 (Mr. Girish Doshi) |
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Fax No.: |
91-79-66307444/ 26462123 |
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Email : |
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Location : |
Owned |
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Factory/ Godown : |
A/44, Changodar Industrial Estate, Changodar, Sanand, Ahmedabad,
Gujarat, India |
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Tel. No.: |
91-79-65211307 |
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Location : |
Owned |
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Branch Offices : |
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DIRECTORS
(AS ON 16.05.2013)
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Name : |
Mr. Chandraprakash Bhanwarlal Chopra |
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Designation : |
Director |
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Address : |
18, Sathanakvasi Jain Society, Near Naranpura Railway Crossing, Ashram
Road, Usmanpura, Ahmedabad – 380013, Gujarat, India |
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Date of Birth/Age : |
30.09.1961 |
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Qualification : |
B. Com |
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Experience : |
18 Years Gift Promotion Line and Last 8 Years in Luggage Business |
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Date of Appointment : |
26.04.1989 |
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PAN No.: |
AAOPC6201D |
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DIN No.: |
00375421 |
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Name : |
Mr. Manojkumar Chaoukhany |
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Designation : |
Whole-time Director |
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Address : |
B/501, Palak Crystal, Near Satyagarh Chhavni, Ramdevnagar Cross Road,
Ahmedabad – 380015, Gujarat, India |
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Date of Birth/Age : |
22.02.1966 |
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Qualification : |
B.Com |
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Experience : |
25 years in Chemical business |
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Date of Appointment : |
16.10.2010 |
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PAN No.: |
ABHPC8120D |
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DIN No.: |
02313049 |
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Name : |
Mr. Indramal Tarachand Nagori |
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Designation : |
Director |
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Address : |
A-F/9, Rushika Apartment, Opposite Sujata Flats, Shahibaug, Ahmedabad
– 380004, Gujarat, India |
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Date of Birth/Age : |
05.05.1953 |
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Date of Appointment : |
01.04.1996 |
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DIN No.: |
00387237 |
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Name : |
Mr. Manishkumar Indramal Nagori |
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Designation : |
Director |
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Address : |
A-F/9, Rushika Apartment, Opposite Sujata Flats, Shahibaug, Ahmedabad
– 380004, Gujarat, India |
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Date of Birth/Age : |
26 years |
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Qualification : |
MBA |
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Experience : |
3 years in Marketing |
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Date of Appointment : |
01.04.2013 |
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PAN No.: |
ADKPS5499Q |
KEY EXECUTIVES
|
Name : |
Mr. Girish Doshi |
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Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 16.05.2013)
|
Names of Shareholders |
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No. of Shares |
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Chandraprakash Bhanwarlal Chopra |
|
118000 |
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Preksha Rahul Chopra |
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1500 |
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Jayshree C. Chopra |
|
120500 |
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Rahul C. Chopra |
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101600 |
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Devendra Chopra |
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60000 |
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Indramal Tarachand Nagori |
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5500 |
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Manojkumar Chaoukhany |
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156000 |
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Sonam Chowkhany |
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67500 |
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Indradevi D. Chopra |
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500 |
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Gautam Chowkhany |
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47500 |
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Total |
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678600 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
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Percentage |
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Directors or relatives of directors |
|
100.00 |
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Total
|
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader, Exporter and Importer of Corporate Promotional Gift, Luggage
and Travel Ware. |
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Brand Name : |
‘GOBLIN’ |
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Exports : |
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Countries : |
China and France |
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Imports : |
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Countries : |
China |
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Terms : |
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Selling : |
Credit (90-12 days) |
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Purchasing : |
Credit (30 days) |
GENERAL INFORMATION
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Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
70 (Approximately) (Office- 25, Branch- 33 and Factory- 12) |
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Bankers : |
· Kotak Mahindra Bank Limited Satellite Branch, Ahmedabad, Gujarat, India · HDFC Bank · Bank of India Navrangpura Branch, Swastik Char Rasta, C G Road, Navrangpura, Ahmedabad – 380009, Gujarat, India |
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Facilities : |
Credit Limit: Rs.70.000 Millions from Kotak Mahindra Bank
Limited
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
K. L. Jain and Company Chartered Accountants |
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Address : |
H. A. Market, 2nd Floor, Near Motimahal Hotel, Kapasia
Bazar, Kalupur, Ahmedabad – 380002, Gujarat, India |
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Tel No.: |
91-79-22174348/ 22123971/ (R) 22683304 |
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Mobile No.: |
91-9824412134 |
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Associates/Subsidiaries : |
· Camex Limited 2nd Floor, Camex House, Navrangpura, Ahmedabad, Gujarat,
India Activity: Manufacturing and Trading of Chemical. · Camex Reality Private Limited 2nd Floor, Camex House, Navrangpura, Ahmedabad, Gujarat,
India Activity: Real Estate |
CAPITAL STRUCTURE
(AS ON 31.03.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
678600 |
Equity Shares |
Rs.10/- each |
Rs.6.786
Millions |
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FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 (Provisional) |
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|
SHAREHOLDERS FUNDS |
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|
|
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1] Share Capital |
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|
6.786 |
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2] Share Application Money |
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|
0.000 |
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3] Reserves & Surplus |
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|
27.650 |
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4] (Accumulated Losses) |
|
|
0.000 |
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NETWORTH |
|
|
34.436 |
|
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LOAN FUNDS |
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1] Secured Loans |
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|
65.529 |
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2] Unsecured Loans |
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|
38.560 |
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TOTAL BORROWING |
|
|
104.089 |
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DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
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|
|
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TOTAL |
|
|
138.525 |
|
|
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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|
12.603 |
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Capital work-in-progress |
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|
0.000 |
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|
|
|
|
|
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INVESTMENT |
|
|
0.016 |
|
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DEFERREX TAX ASSETS |
|
|
0.710 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
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Inventories |
|
|
60.569 |
|
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Sundry Debtors |
|
|
111.328 |
|
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Cash & Bank Balances |
|
|
3.005 |
|
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Other Current Assets |
|
|
2.212 |
|
|
Loans & Advances |
|
|
3.912 |
|
Total
Current Assets |
|
|
181.026 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
48.330 |
|
|
Other Current Liabilities |
|
|
7.500 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
55.830 |
|
|
Net Current Assets |
|
|
125.196 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
138.525 |
|
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
6.786 |
6.786 |
|
(b) Reserves & Surplus |
|
24.520 |
22.693 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
|
31.306 |
29.479 |
|
|
|
|
|
|
(3) Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
16.711 |
13.310 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
16.711 |
13.310 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
64.302 |
54.901 |
|
(b) Trade payables |
|
18.172 |
12.029 |
|
(c) Other current
liabilities |
|
5.033 |
4.247 |
|
(d) Short-term provisions |
|
2.642 |
0.651 |
|
Total Current
Liabilities (4) |
|
90.149 |
71.828 |
|
|
|
|
|
|
TOTAL |
|
138.166 |
114.617 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
8.455 |
9.571 |
|
(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) |
|
0.710 |
0.482 |
|
(d) Long-term Loan and Advances |
|
0.954 |
1.150 |
|
(e) Other Non-current assets |
|
0.016 |
0.086 |
|
Total Non-Current
Assets |
|
10.135 |
11.289 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
48.351 |
56.175 |
|
(c) Trade receivables |
|
71.502 |
42.489 |
|
(d) Cash and cash
equivalents |
|
4.988 |
1.825 |
|
(e) Short-term loans and advances |
|
2.313 |
1.852 |
|
(f) Other current assets |
|
0.877 |
0.987 |
|
Total
Current Assets |
|
128.031 |
103.328 |
|
|
|
|
|
|
TOTAL |
|
138.166 |
114.617 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2013 (Provisional) |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
304.493 |
|
|
|
Other Income |
|
|
0.791 |
|
|
|
TOTAL (A) |
|
|
305.284 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of goods sold |
|
|
244.393 |
|
|
|
Administrative Charges |
|
|
18.695 |
|
|
|
Salary and Other benefit to Employees |
|
|
18.540 |
|
|
|
Salary and distribution Charges |
|
|
6.206 |
|
|
|
TOTAL (B) |
|
|
287.834 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
17.450 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
12.343 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
5.107 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
1.977 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
3.130 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
0.00 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
3.130 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
4.61 |
|
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
255.046 |
208.839 |
|
|
|
Other Income |
|
0.075 |
0.475 |
|
|
|
TOTAL (A) |
|
255.121 |
209.314 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
2.791 |
1.202 |
|
|
|
Purchases of Traded Goods |
|
185.483 |
182.962 |
|
|
|
Changes in inventories of finished goods work-in-progress and
stock-in-trade |
|
10.646 |
(18.564) |
|
|
|
Employee benefits expenses |
|
15.517 |
11.219 |
|
|
|
Other Expenses |
|
25.346 |
21.232 |
|
|
|
TOTAL (B) |
|
239.783 |
198.051 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
15.338 |
11.263 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
10.771 |
7.510 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
4.567 |
3.753 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
1.852 |
1.612 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
2.715 |
2.141 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
0.888 |
0.686 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
1.827 |
1.455 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials Goods |
|
4.650 |
1.385 |
|
|
|
Trading Goods |
|
24.034 |
2.545 |
|
|
TOTAL IMPORTS |
|
28.684 |
3.930 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
2.69 |
2.14 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.03
|
0.72 |
0.70 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.03
|
1.06 |
1.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.62
|
1.98 |
1.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.09 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.02
|
2.59 |
2.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.24
|
1.42 |
1.44 |
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 |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
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 |
No |
|
18] |
Major customers |
No |
|
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 |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
LONG TERM
LIABILITIES |
|
|
|
Inter Corporate Loans |
38.560 |
16.233 |
|
|
|
|
|
Total |
38.560 |
16.233 |
-----------------------------------------------------------------------------------------------------------------------------------------
ANALYSIS
OF BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars |
31.03.2014 |
|
|
(Projected) |
|
CURRENT
LIABILITIES |
|
|
Short – Term borrowings from banks [including bill
purchased, discounted and excess borrowings placed on repayment basis] |
|
|
From applicant Banks |
95.000 |
|
From Other Banks |
0.000 |
|
Of which BP and BD |
0.000 |
|
|
|
|
Sub
Total (A) |
95.000 |
|
|
|
|
Short Term Borrowings from others |
0.000 |
|
Sundry creditors [Trade] |
25.000 |
|
Sundry creditors [Other than trade] |
4.000 |
|
Advance payments from customers/ deposits from dealers |
1.000 |
|
Provision of taxes |
0.500 |
|
Dividend Payable |
0.000 |
|
Other Statutory Liabilities (Due within one year) |
1.800 |
|
Deposits/ Installments of Term/ loans/DPGs/Debentures etc. (Due within one year) |
0.700 |
|
Other current liabilities and provision (Due within one year) |
2.700 |
|
|
|
|
Sub
– Total (B) |
35.700 |
|
|
|
|
Total
Current Liabilities (A+B) |
130.700 |
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
Debentures (Not Maturing within one year) |
0.000 |
|
|
|
|
Unsecured Loans from Directors (Redeemable after one year) |
0.000 |
|
|
|
|
Term Loans (Excluding Installment) |
2.500 |
|
|
|
|
Deferred Installment (Due within one year) |
0.000 |
|
|
|
|
Term deposit (repayable one year |
0.000 |
|
|
|
|
Other Term Liabilities |
39.900 |
|
|
|
|
Total
Term Liabilities |
42.400 |
|
Total
of Outside Liabilities |
173.100 |
|
|
|
|
Net
Worth |
|
|
Share Capital Account |
6.786 |
|
Share Premium |
16.710 |
|
General Reserve |
0.000 |
|
Shares Premium Account |
0.000 |
|
Surplus (+) or deficit (-) in Profit and Loss Account others (Specify)
|
15.500 |
|
|
|
|
Net Worth |
38.996 |
|
|
|
|
TOTAL LIABILITIES |
212.096 |
|
|
|
|
ASSETS |
|
|
CURRENT
ASSETS |
|
|
|
|
|
Cash and Bank Balance |
1.525 |
|
|
|
|
Fixed deposit with bank |
1.300 |
|
Receivable Other than Exports |
95.000 |
|
|
|
|
Installment of deferred receivable (due within one year) |
0.000 |
|
|
|
|
INVENTORY |
90.000 |
|
Raw materials
(including stores and other item used in the process of manufacturing) |
|
|
Imported |
0.000 |
|
Indigenous |
0.000 |
|
|
|
|
Stock – in – process |
0.000 |
|
Finished Goods |
0.000 |
|
|
|
|
Other Consumable Spares |
0.000 |
|
Imported Consumables |
0.000 |
|
Indigenous Consumables |
0.000 |
|
|
|
|
Advance to Suppliers of Raw materials and stores and
spares |
1.000 |
|
Advances Payments Taxes |
1.200 |
|
Loans Advance Deposit |
1.700 |
|
Other current assets |
0.000 |
|
|
|
|
TOTAL
CURRENT ASSETS |
191.725 |
|
|
|
|
FIXED
ASSETS |
|
|
Gross Block |
25.062 |
|
Depreciation to date |
12.707 |
|
|
|
|
NET
BLOCK |
12.355 |
|
|
|
|
OTHER
NON CURRENT ASSETS |
|
|
|
|
|
Advance Payment Supp. of Capital Goods |
3.000 |
|
Deferred Receivables |
9.500 |
|
Investment/ books debts/ advances/ exposits which are not
current assets |
0.000 |
|
Investment in subsidiary company |
0.000 |
|
Others Investment |
0.000 |
|
Security Deposits |
0.000 |
|
Others |
0.000 |
|
|
|
|
TOTAL
OTHER NON – CURRENT ASSETS |
12.500 |
|
|
|
|
Intangible assets |
0.516 |
|
|
|
|
TOTAL
ASSETS |
217.096 |
|
|
|
|
Tangible Net Worth |
38.480 |
|
|
|
|
Unsecured Loans Consi as equity |
35.000 |
|
|
|
|
Adjusted TNW |
38.480 |
|
|
|
|
Quasi Capital |
73.480 |
|
|
|
|
Net Working Capital |
56.025 |
|
|
|
|
Current Ratio |
1.41 |
|
DER |
4.63 |
|
DQER (Unsec. LN Up to 100% TNW) |
1.95 |
|
DQER |
1.76 |
|
ISCR |
1.52 |
|
Profitability (NP/ Net Sales*100) |
1.13 |
|
PBIDTA/ Net Sales % |
5.52 |
|
Sales – Domestic |
400.000 |
|
Exports |
0.000 |
|
Total
Sales |
400.000 |
|
|
|
|
Other Income |
1.200 |
|
Gross Profit |
7.598 |
|
Depreciation |
1.798 |
|
Taxes |
1.300 |
|
Net Profit/ Loss |
4.500 |
|
Interests |
14.500 |
|
Dividend +Div. Tax |
0.000 |
|
Retained Profit |
4.500 |
-----------------------------------------------------------------------------------------------------------------------------------------
NET
WORTH STATEMENT
(MR. MANOJ KUMAR
CHAOUKHANY)
ASSETS
TOTAL VALUE OF
IMMOVABLE PROPERTY
(This includes
beneficial Share owned in Land, Building, Flat, Factory, Shop, House etc)
|
Nature of Property |
Location with
Complete Address |
Value at Cost (Rs. In
Millions) |
|
|
|
|
|
Flat |
B-501, Palak Crystal Near Satyagrah Chhavni, Ramdev Nagar, Char Rasta
(Jointly with Wife Mrs. Sonam Chaoukhany) (Purchased on 15.11.2010) |
2.885 |
|
|
|
|
|
Total |
|
2.885 |
TOTAL VALUE OF
OTHER ASSETS
(this Includes Cash,
Bank Balance, Gold other Jewellery, Investment in shares Mutual Funds, FD’s LIC
etc, Vehicles, Capital in business etc.)
|
Nature of Assets |
Qty. |
Value at Cost (Rs. In
Millions) |
|
|
|
|
|
Bank of India |
|
0.002 |
|
Kotak Mahindra Bank Limited |
|
0.052 |
|
PPF |
|
0.318 |
|
Camex Tradelink Limited |
156000 |
3.120 |
|
Camellia Processors Private Limited |
27000 |
0.070 |
|
Citi Exim Private Limited |
5000 |
0.050 |
|
Maxim Bags Limited |
5000 |
0.050 |
|
YMCA Membership A/c |
|
0.130 |
|
YMCA Deposit A/c |
|
0.200 |
|
Mutual Fund |
|
0.300 |
|
LIC of India |
|
1.416 |
|
Salary Receivable |
|
0.102 |
|
Camellia Processors Private Limited |
|
2.100 |
|
Sonam Choukhany |
|
0.192 |
|
Sangeeta Mehta |
|
0.100 |
|
Advance Income Tax |
|
0.013 |
|
TDS |
|
0.295 |
|
Shir Gautam Gaurav Choukhany |
|
0.020 |
|
Cash-in-trade |
|
0.146 |
|
|
|
|
|
Total |
|
8.674 |
|
TOTAL ASSETS |
RS.11.559
MILLIONS |
LIABILITIES
|
Borrowed From |
Purpose |
O/S as on Date (Rs. In
Millions) |
|
|
|
|
|
Indiabulls Housing Finance Ltd |
Housing Loan A/c |
3.180 |
|
Shri Vikash Choukhany |
|
1.000 |
|
Mrs. Aruna Devi Choukhany |
|
1.000 |
|
|
|
|
|
Total |
|
5.180 |
|
NET WORTH (TOTAL
ASSETS – TOTAL LIABILITIES) = |
RS.6.379
MILLIONS |
GUARANTOR FOR
VARIOUS BORROWINGS
|
Guaranteed to |
For the
Borrowings by |
Purpose |
Amount Guarantee
(Rs. In
Millions) |
|
|
|
|
|
|
Kotak Mahindra Bank Limited, Ahmedabad |
Camex Trade-Link Limited |
Working Capital |
NA |
-----------------------------------------------------------------------------------------------------------------------------------------
NET
WORTH STATEMENT
(MR. CHANRDA PRAKASH
CHAOUKHANY)
ASSETS
TOTAL VALUE OF
IMMOVABLE PROPERTY
(This includes
beneficial Share owned in Land, Building, Flat, Factory, Shop, House etc)
|
Nature of Property |
Location with
Complete Address |
Value at Cost (Rs. In
Millions) |
|
|
|
|
|
Residential Flat |
B-2, Monalisa Appartment, Shahibaugh, Ahmedabad |
0.598 |
|
Farm House |
130 & 131. Ambapur |
1.334 |
|
Plot |
155, Ambapur |
0.329 |
|
Plot |
Block No.283, Ambapur |
0.379 |
|
Residential Bunglow |
18, Sthanakvasi Jain Soc., Naranpura Crossing, Ahmedabad |
9.952 |
|
Plot |
1, Arham |
0.381 |
|
Plot |
314, Vinchiya |
0.675 |
|
Plot |
321, Vinchiya |
0.184 |
|
Plot |
323, Vinchiya |
0.079 |
|
Plot |
322, Vinchiya |
6.433 |
|
Land |
Block No.146 |
0.694 |
|
Land |
Block No.148 |
0.669 |
|
Land |
Block No.149 |
0.746 |
|
Land |
Block No.150 |
2.314 |
|
|
|
|
|
Total |
|
24.767 |
TOTAL VALUE OF
OTHER ASSETS
(This Includes Cash,
Bank Balance, Gold other Jewellery, Investment in shares Mutual Funds, FD’s LIC
etc, Vehicles, Capital in business etc.)
|
Nature of Assets |
Qty. |
Value at Cost (Rs. In
Millions) |
|
|
|
|
|
P.P.F. |
|
1.282 |
|
Max New Life Insurance Company Limited Total Premium Paid |
|
0.601 |
|
Bank Balance |
|
0.073 |
|
Jewellery and Ornaments |
|
1.224 |
|
Cash in Hand |
|
0.004 |
|
|
|
|
|
Deposit/ Loans/ Advances |
|
|
|
Camex Reality Private Limited |
|
7.953 |
|
Indianic Infocom Limited |
|
0.170 |
|
Jayshree C. Chopra |
|
0.538 |
|
Camex Limited (Lease) |
|
0.018 |
|
Indermal T. Nagoli (Lease) |
|
0.005 |
|
Advance for Plot at Survey No. 303, Vinchiya
|
|
1.850 |
|
Advance for Flat at A-5, Dhiraj M. Mehta |
|
|
|
|
|
|
|
Receivable |
|
|
|
Indianic Infotech Limited (Rem) |
|
0.014 |
|
Camex Tradelink Limited (Rem) |
|
0.028 |
|
Camex Limited (Rem) |
|
0.153 |
|
|
|
|
|
Investment in Shares |
|
|
|
Camex Limited |
1133630 |
2.695 |
|
Camex Tradelink Limited |
61000 |
0.450 |
|
Indianic Infotech Limited |
55000 |
0.550 |
|
Camex Reality Private Limited |
254900 |
2.549 |
|
Maxim Bags Private Limited |
5000 |
0.050 |
|
Camex Wellness Limited |
5000 |
0.050 |
|
Reliance Petro Limited |
116 |
0.007 |
|
Raliance Power Limited |
27 |
0.007 |
|
|
|
|
|
Total |
|
20.271 |
|
TOTAL ASSETS |
RS.45.038
MILLIONS |
LIABILITIES
|
Borrowed From |
Amount and
securities offered |
Purpose |
O/S as on Date (Rs. In Millions) |
|
|
|
|
|
|
Membership fees for Block 303 |
-- |
Membership |
1.800 |
|
Bank of Baroda |
Bunglow at 18, Sthanakvasi Jain soc., Naranpura Railway Crossing,
Ahmedabad |
Home Loan |
1.881 |
|
|
|
|
|
|
Total |
|
|
3.681 |
|
NET WORTH (TOTAL
ASSETS – TOTAL LIABILITIES) = |
RS.41.357
MILLIONS |
GUARANTOR FOR
VARIOUS BORROWINGS
|
Guaranteed to |
For the
Borrowings by |
Purpose |
Amount Guarantee
(Rs. In
Millions) |
|
|
|
|
|
|
Kotak Mahindra Bank Limited, Ahmedabad |
Camex Trade-Link Limited |
Working Capital |
NA |
-----------------------------------------------------------------------------------------------------------------------------------------
DETAILS
OF COLLATERAL SECURITY
|
Sr. No. |
Property Name |
Area |
Purpose |
Apro. Value (Rs. In
Millions) |
|
|
|
|
|
|
|
1. |
Camex Reality Private Limited 1st Floor, Camex House,
Stadium-Commerce Road, Navrangpura, Ahmedabad – 380009, Gujarat, India |
2447 sq. fts. |
Office |
36.700 |
|
|
|
|
|
|
|
2. |
Camex Reality Private Limited Ground Floor, Camex House, Stadium-Commerce
Road, Navrangpura, Ahmedabad – 380009, Gujarat, India |
200 sq. fts. |
Shop |
3.200 |
|
|
|
|
|
|
|
3. |
Camex Reality Private Limited A/44, Changodar Industrial Estate,
Changodar, Ahmedabad, Gujarat, India |
Land 2331.21 sq. yds Const.902.98 sq. yds |
Godown |
28.000 9.030 |
|
|
|
|
|
|
|
4. |
Camex Reality Private Limited A/44, Changodar Industrial Estate,
Changodar, Ahmedabad, Gujarat, India |
New Construction 600.00 sq. yds. |
Godown |
6.000 |
-----------------------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
The company was established in year 2001.
Introduced in market as one of the importers and suppliers
of Corporate Gifts and
promotional items to all major corporate houses
With network
offices in all metros of India and their outsourcing partners in Hong Kong and
China, company took advantage of an unexplored
business opportunity called Outsourcing,
specializing and having expertise in Hospitals, Hotels, Educational Institutes
and many more.
Company launched a
luggage brand named “GOBLIN” throughout
India aiming total customer satisfaction in Quality, Price, Service and
Delivery.
-----------------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Computer
· Motor Car
· By-cycle
· Furniture and Fixtures
· Air Conditioner
· Electric Installation
· Generator
· Mobile Instruments
· Office Equipments
· Machinery
· Building Renovation
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.59.35 |
|
|
1 |
Rs.92.11 |
|
Euro |
1 |
Rs.78.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
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 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.