MIRA INFORM REPORT
|
Report Date : |
04.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
NATURE ESSENCE PRIVATE LIMITED |
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Registered Office : |
2505, D-2, New Delhi – 110070 |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
16.09.1998 |
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Com. Reg. No.: |
55-096279 |
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Capital Investment / Paid-up Capital : |
Rs. 10.039 Millions |
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CIN No.: [Company
Identification No.] |
U24233DL1998PTC096279 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Herbal Cosmetics |
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No. of Employees : |
1200 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (54) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 560000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established and reputed company having a fine track
record. Trade relations are decent. Business is active. General financial position
is good. Payments are reported as regular and as per commitments. The company can be considered good for normal business dealings at
usual 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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. Saurabh Nanda |
|
Designation : |
Manager |
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Contact No.: |
91-9811324074 |
|
Date : |
27.04.2013 |
LOCATIONS
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Registered Office : |
2505, D-2, New Delhi – 110070, India |
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Tel. No.: |
91-11-26687938/26132106/26892046/26673045 |
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Mobile No.: |
91-9811324074 (Mr. Saurabh Nanda) |
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Fax No.: |
91-11-26687938/26891818 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
P-25, Sector – 6, IIB, |
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Branch Office : |
80/11-B, Malviya Nagar, |
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Tel. No.: |
91-11-26673045/26673067 |
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Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mrs. Neelam Nanda |
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Designation : |
Director |
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Address : |
2505, D-2, Vasant Kunj, |
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Date of Birth/Age : |
05.06.1955 |
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Date of Appointment : |
01.12.2001 |
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DIN No.: |
00449546 |
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Name : |
Mr. Raj Kumar Nanda |
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Designation : |
Director |
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Address : |
2505, D-2, Vasant Kunj, |
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Date of Birth/Age : |
11.12.1950 |
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Qualification : |
Graduate |
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Date of Appointment : |
16.09.1998 |
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DIN No.: |
00449777 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899DL1991PTC043905 |
NATURES
FRANCHISE RETAIL PRIVATE LIMITED |
Director |
18-04-91 |
18-04-91 |
Active |
NO |
|
2 |
U24233DL1998PTC096279 |
NATURE
ESSENCE PRIVATE LIMITED |
Director |
26-09-98 |
26-09-98 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Saurabh Nanda |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Raj Kumar Nanda |
408510 |
|
Neelam Nanda |
595410 |
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TOTAL
|
1003920 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
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TOTAL |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Herbal Cosmetics |
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Products : |
v
Cleansers v
Toners v
Scrubs v
Moisturizers v
Massage Cream v
Face Powder v
Skin Bleach v
Hair Bleach v
Hair Dryer v
Peel Offs v
Soaps v
Hand Cream v
Foot Care |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
1200 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Raina Pandey and Company Chartered Accountant |
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Address : |
65C, 1st Floor, Hari Nagar, Ashram, New Delhi-110016, India
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Mobile No.: |
91-9811280421 |
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E-Mail : |
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PAN No.: |
AAGFR5577D |
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Sister Concern : |
Magical Pharma Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
2500000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
1003920 |
Equity Shares |
Rs.10/- each |
Rs. 10.039
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
10.039 |
1.839 |
1.839 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
130.712 |
111.332 |
88.652 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
140.751 |
113.171 |
90.491 |
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LOAN FUNDS |
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1] Secured Loans |
51.630 |
12.643 |
22.402 |
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2] Unsecured Loans |
5.330 |
6.030 |
2.350 |
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TOTAL BORROWING |
56.960 |
18.673 |
24.752 |
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DEFERRED TAX LIABILITIES |
0.227 |
0.400 |
0.000 |
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TOTAL |
197.938 |
132.244 |
115.243 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
92.333 |
56.049 |
48.175 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
10.095 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
42.184
|
30.137
|
20.428
|
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Sundry Debtors |
102.493
|
95.837
|
69.720
|
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Cash & Bank Balances |
20.900
|
22.986
|
0.952
|
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Other Current Assets |
0.000
|
0.000
|
0.000
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Loans & Advances |
30.344
|
20.109
|
12.332
|
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Total
Current Assets |
195.921
|
169.069 |
103.432 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
61.606
|
73.033 |
45.805 |
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Other Current Liabilities |
19.916
|
12.106
|
0.495
|
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Provisions |
8.794
|
7.735
|
0.326
|
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Total
Current Liabilities |
90.316
|
92.874 |
46.626 |
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Net Current Assets |
105.605
|
76.195
|
56.806
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.167 |
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TOTAL |
197.938 |
132.244 |
115.243 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SALES |
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Income |
582.041 |
485.707 |
339.990 |
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Other Income |
3.343 |
1.238 |
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TOTAL (A) |
585.384 |
486.945 |
339.990 |
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Less |
EXPENSES |
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Office Expenses |
534.959 |
444.409 |
299.563 |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL (B) |
534.959 |
444.409 |
299.563 |
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Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
50.425 |
42.536 |
40.427 |
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Less |
FINANCIAL
EXPENSES (D) |
4.547 |
2.312 |
1.767 |
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
45.878 |
40.224 |
38.660 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.332 |
7.054 |
5.743 |
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PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
37.546 |
33.170 |
32.917 |
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Less |
TAX (H) |
8.794 |
7.461 |
0.274 |
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PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
28.752 |
25.709 |
32.643 |
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Provision for
Deferred Tax |
(0.173) |
0.399 |
0.056 |
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BALANCE CARRIED
TO THE B/S |
28.925 |
22.679 |
23.884 |
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Earnings Per
Share (Rs.) |
28.64 |
139.78 |
129.86 |
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Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
1300.000 |
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|
The above information has been parted by Mr. Saurabh Nanda.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.91
|
5.28 |
9.60 |
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Net Profit Margin (PBT/Sales) |
(%) |
6.45
|
6.83 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
13.03
|
14.73 |
21.71 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.29 |
0.36 |
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Debt Equity Ratio (Total Debt /Networth) |
|
0.40
|
0.16 |
0.27 |
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|
Current Ratio (Current Asset/Current Liability) |
|
2.17
|
1.82 |
2.22 |
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 |
No |
|
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] |
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 Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Security
received from Trade Distributors |
|
|
|
Natures Fine Product |
0.100 |
0.100 |
|
S K Agency |
0.350 |
0.350 |
|
Mahavir Herbal Care |
0.400 |
0.400 |
|
Shri Vishnu Sai Medical Enterprises |
0.100 |
0.100 |
|
M B Distributors |
0.050 |
0.050 |
|
Unique Pharmaceuticals |
0.100 |
0.100 |
|
Nirmal Traders |
0.100 |
0.100 |
|
Maa Mahamaya Trading Company |
0.100 |
0.100 |
|
Harsit Agencies |
0.000 |
.300 |
|
Zurich India – Gzb. |
0.400 |
0.400 |
|
Gyan Agencies |
0.050 |
0.050 |
|
S V Traders |
0.500 |
0.500 |
|
Chabra Traders |
0.500 |
0.500 |
|
Durga Prasad Som Dutt |
0.150 |
0.150 |
|
Jinender Enterprises |
0.050 |
0.050 |
|
Neelmadhab Enterprises |
0.200 |
0.200 |
|
Lokhnath Agency |
0.030 |
0.030 |
|
Manorama Traders |
0.150 |
0.050 |
|
Shree Vishnu Enterprises |
0.100 |
0.100 |
|
Raj Rishi Enterprises |
0.500 |
0.500 |
|
Sunshine Enterprises |
0.000 |
0.500 |
|
Patel Brothers |
0.500 |
0.500 |
|
Sugan Trends |
0.500 |
0.500 |
|
Gayatri Herbo |
0.000 |
0.100 |
|
Vishal Agency |
0.300 |
0.300 |
|
Short Term
Borrowings |
|
|
|
Security
received from Trade Distributors |
|
|
|
SSD Medico |
0.100 |
0.000 |
|
|
|
|
|
TOTAL |
5.330 |
6.030 |
FINANCIAL
PROSPECTS AND RESULT OF OPERATION
The company has earned Net Profit of Rs. 37.546 Millions during the previous
year. The company is trying to focus regularly in the area of export.
International Trade Fairs and Exhibitions has been conducted to boost up the
turnover and profitability of the company.
FIXED ASSETS
- Air
Conditioner
- Bicycle
- Car
- CCTV Camera
- Furniture and
Fixtures
- Generator
- Lab
Equipments
- Plant and
Machinery
- Scooter
- Plastic
Create
- Xerox Machine
- Office
Equipments
- Refrigerator
- Telephone
Equipments
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. 53.95 |
|
|
1 |
Rs. 83.80 |
|
Euro |
1 |
Rs. 70.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
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|
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Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.