1. Summary Information
|
Country |
India |
||
|
Company Name |
PARVEZ SHOES PRIVATE LIMITED |
Principal Name 1 |
Mr. Iqbal Ahmed |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Parvez Ahmed |
|
Registration # |
20-020415 |
||
|
Street Address |
150 Feet Road, Jajmau, Kanpur – 208010, Uttar Pradesh, India |
||
|
Established Date |
01.08.1996 |
SIC Code |
-- |
|
Telephone# |
91-512-2461130/ 2461205 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-512-2461188 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Footwear |
|
|
# of employees |
Not Available |
Product Name 2 |
Leather |
|
Paid up capital |
Rs.100,000/- |
Product Name 3 |
Safety Shoes |
|
Shareholders |
Directors or relatives of directors -100% |
Banking |
ICICI Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
17 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(42) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
46,148,000 |
Current Liabilities |
14,813,000 |
|
Inventories |
5,110,000 |
Long-term Liabilities |
32,274,000
|
|
Fixed Assets |
30,753,000 |
Other Liabilities |
1,000,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
48,087,000 |
|
Invest& other Assets |
6,942,000 |
Retained Earnings |
40,766,000 |
|
|
|
Net Worth |
40,866,000 |
|
Total Assets |
88,953,000 |
Total Liab. & Equity |
88,953,000 |
|
Total Assets (Previous Year) |
97,508,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
66,071,000 |
Net Profit |
(441,000) |
|
Sales(Previous yr) |
61,737,000 |
Net Profit(Prev.yr) |
81,000 |
MIRA INFORM REPORT
|
Report Date : |
28.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
PARVEZ SHOES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
150 Feet Road, Jajmau, Kanpur – 208010, Uttar Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.08.1996 |
|
|
|
|
Com. Reg. No.: |
20-020415 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U19121UP1996PTC020415 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KNPP00258G / KNPP01146F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of all Men’s Footwear, Sandals, Sleepers,
Casuals Shoes, Leather and Synthetic Formal Shoes and Safety Shoes. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 160000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
The company has recorded some loss from its operation during 2012. However, networth of the company seems to be strong. Trade relations
are reported to be fair. Business is active. Payments are reported to be
usually correct and as per commitment. The company can be considered for 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 |
|
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.
LOCATIONS
|
Registered Office : |
150 Feet Road, Jajmau, Kanpur – 208010, Uttar Pradesh, India |
|
Tel. No.: |
91-512-2461130/ 2461205/ 2461203/ 2463481 2540504/ 2461239/ 3275587 |
|
Fax No.: |
91-512-2461188 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 28.09.2012
|
Name : |
Mr. Iqbal Ahmed |
|
Designation : |
Director |
|
Address : |
266-D Defence Colony, Sewan Tannery, Jajmau, Kanpur - 208010, Uttar
Pradesh, India |
|
Date of Birth/Age : |
01.07.1937 |
|
Date of Appointment : |
01.08.1996 |
|
DIN No.: |
01313319 |
|
|
|
|
Name : |
Mr. Parvez Ahmed |
|
Designation : |
Director |
|
Address : |
226-D, Defence Colony, Sewan Tannery, Jajmau, Kanpur - 208010, Uttar
Pradesh, India |
|
Date of Birth/Age : |
01.06.1958 |
|
Date of Appointment : |
01.04.2003 |
|
DIN No.: |
01233311 |
|
|
|
|
Name : |
Mr. Faiz Ahmad |
|
Designation : |
Director |
|
Address : |
226-D, Defence Colony, Sewan Tannery, Jajmau, Kanpur - 208010, Uttar
Pradesh, India |
|
Date of Birth/Age : |
08.04.1993 |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
05259699 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Iqbal Ahmed |
|
250 |
|
Parvez Ahmed |
|
500 |
|
Faiz Ahmad |
|
250 |
|
|
|
|
|
Total |
|
1000 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2012
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of all Men’s Footwear, Sandals, Sleepers, Casuals
Shoes, Leather and Synthetic Formal Shoes and Safety Shoes. |
GENERAL INFORMATION
|
Suppliers : |
|
|
|
|
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
Canara Bank ·
ICICI Bank Limited ·
Punjab National Bank ·
State Bank of India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J Chandra and Company Chartered Accountants |
|
Address : |
9/84, Arya Nagar, Kanpur - 208002, Uttar Pradesh, India |
|
Tel. No.: |
91-512-2540504 |
|
E-Mail : |
|
|
PAN No.: |
AAAFJ6382Q |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.100/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100 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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
40.766 |
52.829 |
52.713 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
40.866 |
52.929 |
52.813 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
32.274 |
32.263 |
32.234 |
|
|
TOTAL BORROWING |
32.274 |
32.263 |
32.234 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
73.140 |
85.192 |
85.047 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
30.753 |
34.528 |
34.958 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
6.942 |
10.294 |
10.061 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
5.110
|
7.886
|
1.865
|
|
|
Sundry Debtors |
21.556
|
21.478
|
25.991
|
|
|
Cash & Bank Balances |
16.170
|
18.837
|
18.504
|
|
|
Other Current Assets |
2.987
|
0.000
|
0.000
|
|
|
Loans & Advances |
5.435
|
4.485
|
2.073
|
|
Total
Current Assets |
51.258
|
52.686
|
48.433
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
12.609
|
11.351
|
6.994
|
|
|
Current Liabilities |
2.204
|
0.965
|
1.411
|
|
|
Provisions |
1.000
|
0.000
|
0.000
|
|
Total
Current Liabilities |
15.813
|
12.316
|
8.405
|
|
|
Net Current Assets |
35.445
|
40.370
|
40.028
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
73.140 |
85.192 |
85.047 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
66.071 |
61.737 |
50.004 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
61.225 |
55.714 |
33.693 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.876 |
6.023 |
16.311 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.287 |
5.907 |
5.987 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(0.441) |
0.116 |
10.324 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.035 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(0.441) |
0.081 |
10.324 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
64.317 |
61.326 |
48.894 |
|
|
TOTAL EARNINGS |
64.317 |
61.326 |
48.894 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(441.00) |
0.81 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(0.68) |
0.13 |
20.65 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.54) |
0.13 |
12.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.01) |
0.00 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.79 |
0.61 |
0.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.24 |
4.28 |
5.76 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
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)
|
Particular |
As on 31.03.2012 |
|
Director |
|
|
Iqbal Ahmad |
17.446 |
|
Parvez Ahmad |
14.783 |
|
Other |
|
|
Ikhlaq Ahmad |
0.023 |
|
Shamim Ara Begum |
0.011 |
|
Shams Naushaba |
0.011 |
|
|
|
|
Total |
32.274 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2011 |
|
Iqbal Ahmed |
17.446 |
|
Ikhlaq Ahmad |
0.017 |
|
Shamim Ara Begum |
0.009 |
|
Shams Naushaba |
0.008 |
|
Parvez Ahmed |
14.783 |
|
|
|
|
Total |
32.263 |
BUSINESS PROSPECTS
The Directors have reviewed the business scenario with the management and it was observed that the operational profitable was decreased due to economic recession and less export orders but The Directors are not worried about such situation. In the near future we can achieve the desired profit subject to economic circumstances.
As mentioned last year, more new business programs have been developed and the directors look to the future with confidence.
FIXED ASSETS
- Air Compressor
- Air Conditioner
- CPU for Desma Computer
- Cutting Dye
- Last And Mould
- Machinery
- SX PU3 for Rebote
- Testing Machine
- Weight Scale
- Furniture and Fixture
- Building
- Electrical Equipment
- Generator
- Computer
- Ups System
- Vehicle
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.55.62 |
|
|
1 |
Rs.84.18 |
|
Euro |
1 |
Rs.71.96 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
42 |
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.