MIRA INFORM REPORT
|
Report Date : |
15.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
VISUAL SECURAS LIMITED (w.e.f. 08.09.2005) |
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Formerly Known
As : |
VISUAL SECURAS PRIVATE LIMITED |
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Registered
Office : |
242, B.B. Chatterjee Road, P.S. Kasba, Landmark-Jora Shiv Mandir,
Kolkata – 700042, West Bengal |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
24.01.2005 |
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Com. Reg. No.: |
21-101301 |
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Capital
Investment / Paid-up Capital : |
Rs.1.800 Millions |
|
|
|
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CIN No.: [Company Identification
No.] |
U74920WB2005PLC101301 |
|
|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
CALV01920C |
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PAN No.: [Permanent Account No.] |
AABCV9770C |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Service industry dealing with the securities deputation into diff.
industries, housekeeping facilities etc. |
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No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 moderate track. As per visit conducted by our executive we came to know that subject
is not well reputed company as confirmed from market sources. After enquiring with company chartered accountant, he doesn’t gave any
satisfactory answer to our executive for closed down of another entity of
subject company “Visual Housekeeping Private Limited”. Payments are reported to be slow but correct. The company can be considered for business dealing with some
caution. |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has raised
Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at a
coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs.7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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. Pinaki Maji |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9007047387/ 9804267658 |
|
Date : |
14.04.2014 |
LOCATIONS
|
Registered Office : |
242, B.B. Chatterjee Road, P.S. Kasba, Landmark-Jora Shiv Mandir,
Kolkata – 700042, West Bengal, India |
|
Tel. No.: |
91-33-24413181 |
|
Mobile No.: |
91-9007047387/ 9804267658 (Mr. Pinaki Maji) |
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Fax No.: |
91-33-24413181 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Corporate/ Branch Office 1: |
AD-239, Ground Floor, Sector – 1, Salt Lake City, Kolkata – 700064,
West Bengal, India |
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Tel. No.: |
91-33-23210007/ 008 |
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Location : |
Rented |
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Branch Office 2: |
BC-89, Saltlake City, Sector – 1, Kolkata – 700064, West Bengal, India
|
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Head Office : |
AD-99, Ground Floor, Sector -1, Salt Lake City, Kolkata – 700064, West
Bengal, India |
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Tel No.: |
91-33-23344606 |
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Fax No.: |
91-33-23344606 |
DIRECTORS
(AS ON 30.09.2013)
|
Name : |
Mr. Anjan Chaudhury |
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Designation : |
Managing Director |
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Address : |
88/1, Selimpur Road, Flat No.4B, P S Kasba, Kolkata – 700031, West Bengal,
India |
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Date of Birth/Age : |
20.01.1958 |
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Qualification : |
Management Degree in Marketing and Graduate in Commerce |
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Date of Appointment : |
20.11.2009 |
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PAN No.: |
AAGPC1559G |
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Mobile No.: |
91-9836255001 |
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DIN No.: |
00423829 |
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Other Directorship : |
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Name : |
Mrs. Moumita Sen |
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Designation : |
Director |
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Address : |
525, Jodhpur Park, Flat 6E, P. O. Jodhpur Park, Kolkata – 700068, West
Bengal, India |
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Date of Birth/Age : |
14.03.1973 |
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Qualification : |
Post Graduate in Arts |
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Date of Appointment : |
13.10.2009 |
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PAN No.: |
BBJPS6303R |
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Mobile No.: |
91-9007014501 |
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DIN No.: |
02806299 |
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Other Directorship : |
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Name : |
Mr. Akbar Ali |
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Designation : |
Director |
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Address : |
3, Meher Ali Road, Park Circus Second Floor, Kolkata – 700017, West
Bengal, India |
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Date of Birth/Age : |
17.04.1953 |
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Qualification : |
B. Com and LLB |
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Date of Appointment : |
01.12.2011 |
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PAN No.: |
ACFPA0260M |
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Mobile No.: |
91-9831183019 |
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DIN No.: |
02787743 |
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Other Directorship : |
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KEY EXECUTIVES
|
Name : |
Mrs. Moumita Sen |
|
Designation : |
Chief Operating Officer |
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|
|
|
Name : |
Mr. Pinaki Maji |
|
Designation : |
Chartered Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2013)
|
Name of
Shareholders |
|
No of
Shares |
|
Anjan Chowdhury |
|
129001 |
|
Moumita Sen |
|
23000 |
|
Akbar Ali |
|
24000 |
|
Arindam De Sarkar |
|
1000 |
|
Minoti Majumdar |
|
1000 |
|
Sikha Dutta |
|
999 |
|
Rajib Samajdar |
|
1000 |
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|
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Total
|
|
180000 |
(AS ON 22.03.2014)
|
Name of
Allottees |
|
No of Shares
Allotted |
|
|
|
|
|
Anjan Chaudhury |
|
645005 |
|
Moumta Sen |
|
115000 |
|
Akbar Ali |
|
120000 |
|
Arindam De Sarkar |
|
5000 |
|
Minoti Majumdar |
|
5000 |
|
Sikha Dutta |
|
4995 |
|
Rajib Samajdar |
|
5000 |
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Total
|
|
900000 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
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|
|
Directors or relatives of directors |
|
100.00 |
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service industry dealing with the securities deputation into diff.
industries, housekeeping facilities etc. |
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Products : |
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Terms : |
Credit (30-60 days) – Service Industries/ Only Payment Terms. |
GENERAL INFORMATION
|
Customers : |
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No. of Employees : |
400 (Approximately) |
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Bankers : |
· ICICI Bank Limited Landmarkrace Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India · HDFC Bank · Axis Bank Salt Lake, Sector – V, India · Standard Chartered Bank SME Banking, 19 N. S. Road, Kolkata – 700001, West Bengal, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Vidya and Company Chartered Accountants |
|
Address : |
R#316, 3rd Floor, Centre Point, 21, Hemanta Basu Sarani, Kolkata
– 700001, West Bengal, India |
|
Tel No.: |
91-33-22133231/ 32 |
|
Fax No.: |
91-33-22133231 |
|
PAN No.: |
AABFV8857D |
|
Email : |
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|
|
|
Associates : |
· Visual Housekeeping Facility Private Limited |
CAPITAL STRUCTURE
(AS ON 30.09.2013)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1100000 |
Equity Shares |
Rs.10/- each |
Rs.11.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1080000 |
Equity Shares |
Rs.10/- each |
Rs.10.800
Millions |
|
|
|
|
|
(AS ON 31.03.2013)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
180000 |
Equity Shares |
Rs.10/- each |
Rs.1.800
Millions |
|
|
|
|
|
a] Reconciliation of the number of equity shares outstanding
|
Particulars |
As on 31.03.2013 |
|
|
|
No of Shares |
Rs. In Millions |
|
Equity Shares |
|
|
|
Opening Balance |
180000 |
1.800 |
|
Changes during the year |
-- |
-- |
|
Closing Balance |
180000 |
1.800 |
b) Terms/Rights attached to equity Shares
The
Company has only one class of equity shares having a par value of Rs.10/- per
share. Each holder of equity shares is entitled to one vote per shares.
In
the liquidation of the company the holder of equity shares will be entitled to
received remaining assets of the company. The distribution will be in
proportion to the number of equity share held by the shareholders.
c] Details of shareholders
holding more than 5% share in the company
|
Particulars |
As on 31.03.2013 |
|
|
|
No of Shares |
Rs. In Millions |
|
Equity Shares of Rs.10/- each fully paid |
|
|
|
Anjan Chowdhury |
129001 |
71.67 |
|
Akbar Ali |
24000 |
13.33 |
|
Moumita Sen |
23000 |
12.78 |
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
1.800 |
1.800 |
1.800 |
|
(b) Reserves & Surplus |
63.560 |
38.664 |
22.707 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
65.360 |
40.464 |
24.507 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
23.586 |
21.156 |
2.787 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.031 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
23.586 |
21.156 |
2.818 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
9.636 |
9.809 |
0.000 |
|
(b) Trade
payables |
3.690 |
2.390 |
1.914 |
|
(c) Other
current liabilities |
217.858 |
107.216 |
72.989 |
|
(d) Short-term
provisions |
42.622 |
20.215 |
7.329 |
|
Total Current
Liabilities (4) |
273.806 |
139.630 |
82.232 |
|
|
|
|
|
|
TOTAL |
362.752 |
201.250 |
109.557 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
42.686 |
32.769 |
7.925 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
1.030 |
3.803 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.086 |
0.086 |
0.086 |
|
(c) Deferred tax assets (net) |
14.033 |
7.425 |
0.000 |
|
(d) Long-term Loan and Advances |
8.458 |
5.232 |
2.644 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
65.263 |
46.542 |
14.458 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.750 |
0.188 |
0.681 |
|
(c) Trade
receivables |
240.787 |
116.589 |
68.800 |
|
(d) Cash
and cash equivalents |
10.704 |
11.508 |
10.153 |
|
(e)
Short-term loans and advances |
45.248 |
26.423 |
15.398 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.067 |
|
Total
Current Assets |
297.489 |
154.708 |
95.099 |
|
|
|
|
|
|
TOTAL |
362.752 |
201.250 |
109.557 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
903.678 |
511.761 |
329.647 |
|
|
|
Other Income |
0.196 |
0.914 |
0.000 |
|
|
|
TOTAL (A) |
903.874 |
512.675 |
329.647 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Store Consumed |
5.474 |
4.423 |
3.621 |
|
|
|
Employee Benefits Expenses |
774.509 |
439.765 |
283.316 |
|
|
|
Other Expenses |
63.721 |
36.696 |
26.277 |
|
|
|
TOTAL (B) |
843.704 |
480.884 |
313.214 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
60.170 |
31.791 |
16.433 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.973 |
5.812 |
2.836 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
48.197 |
25.979 |
13.597 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.503 |
4.591 |
1.931 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
40.694 |
21.388 |
11.666 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
15.798 |
5.430 |
2.796 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
24.896 |
15.958 |
8.870 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
138.31 |
88.65 |
49.28 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.75
|
3.11 |
2.69 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.50
|
4.18 |
3.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.67
|
11.10 |
11.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.62
|
0.53 |
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.51
|
0.77 |
0.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09
|
1.11 |
1.16 |
FINANCIAL ANALYSIS
[All figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
1.800 |
1.800 |
1.800 |
|
Reserves & Surplus |
22.707 |
38.664 |
63.560 |
|
Net worth |
24.507 |
40.464 |
65.360 |
|
|
|
|
|
|
long-term borrowings |
2.787 |
21.156 |
23.586 |
|
Short term borrowings |
0.000 |
9.809 |
9.636 |
|
Total borrowings |
2.787 |
30.965 |
33.222 |
|
Debt/Equity ratio |
0.114 |
0.765 |
0.508 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
329.647 |
511.761 |
903.678 |
|
|
|
55.245 |
76.582 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
329.647 |
511.761 |
903.678 |
|
Profit |
8.870 |
15.958 |
24.896 |
|
|
2.69% |
3.12% |
2.75% |
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 |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
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
Borrowings |
|
|
|
Other Companies |
5.262 |
6.730 |
|
|
|
|
|
Total |
5.262 |
6.730 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS.
IN MILLIONS)
|
SOURCES OF FUNDS |
|
31.03.2014 |
31.03.2015 |
|
|
|
(Projected) |
|
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
1.800 |
1.800 |
|
(b) Reserves & Surplus |
|
99.908 |
161.385 |
|
(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) |
|
101.708 |
163.185 |
|
|
|
|
|
|
(3) Loan from Body Corporates |
|
30.000 |
30.000 |
|
|
|
|
|
|
(4) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
14.002 |
13.412 |
|
(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 (4) |
|
14.002 |
13.412 |
|
|
|
|
|
|
(5) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
50.000 |
50.000 |
|
(b) Trade
payables |
|
2.500 |
3.000 |
|
(c) Other
current liabilities |
|
159.411 |
179.054 |
|
(d) Short-term
provisions |
|
69.102 |
100.155 |
|
Total Current
Liabilities (5) |
|
281.013 |
332.209 |
|
|
|
|
|
|
TOTAL |
|
426.723 |
538.806 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
39.362 |
40.801 |
|
(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 |
|
0.086 |
0.086 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
9.258 |
9.990 |
|
(e) Other
Non-current assets |
|
17.835 |
19.361 |
|
Total Non-Current
Assets |
|
66.541 |
70.238 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1.033 |
1.404 |
|
(c) Trade
receivables |
|
295.552 |
371.098 |
|
(d) Cash
and cash equivalents |
|
10.901 |
12.516 |
|
(e)
Short-term loans and advances |
|
52.696 |
83.550 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
360.182 |
468.568 |
|
|
|
|
|
|
TOTAL |
|
426.723 |
538.806 |
PROFIT & LOSS ACCOUNT
(RS.
IN MILLIONS)
|
|
PARTICULARS |
|
31.03.2014 |
31.03.2015 |
|
|
|
|
|
(Projected) |
||
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
1200.000 |
1630.300 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL (A) |
|
1200.000 |
1630.300 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Store Consumed |
|
7.731 |
10.518 |
|
|
|
Employee Benefits Expenses |
|
1033.784 |
1415.119 |
|
|
|
Other Expenses |
|
76.559 |
92.745 |
|
|
|
TOTAL (B) |
|
1118.074 |
1518.382 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
81.926 |
111.918 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
13.973 |
14.895 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
67.953 |
97.023 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
8.926 |
6.020 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
|
59.027 |
91.003 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
22.679 |
29.526 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
|
36.348 |
61.477 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
201.94 |
341.54 |
|
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS.
MOUMITA SEN
(RS. IN MILLIONS)
BANK ACCOUNT
|
Bank |
Branch |
S/B, C/D A/c No. |
Present balance |
Last 6 Months
Average Balance |
|
|
|
|
|
|
|
ICICI Bank |
Salt Lake |
000601509973 |
Rs.0.127 Million |
Rs.0.130 Million |
DETAILS OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own/ Joint Name |
Area |
Freehold or
Leasehold |
Location/
Address |
Purchases Cost |
Present Value |
Whether
encumbered |
|
Non Agri Land |
|
|
|
|
|
|
|
|
Residential |
|
|
|
|
|
|
|
|
Flat/ House |
Mr. Amlan Sen and Mrs. Moumita Sen |
1600 sq. ft. (3 BHK) Not yet Registered |
Freehold |
505, 14th Floor, Uniworld City Vistas Tower, 2 Action Area –
III, Rajarhat, Kolkata -700156, West Bengal, India |
Rs.5.446 Millions |
Rs.8.000 Millions |
Purchase Against Loan |
MOVABLE PROPERTY
INSURANCE POLICIES
|
Name of Company
and Branch |
Policy No. |
Dt. of Issue |
Sum Assured |
Surrender Value |
Annual Premium |
Premium Paid
upto what period |
|
|
|
|
|
|
|
|
|
LIC |
579730357 |
28/06/11 |
Rs.1.917 Millions |
NA |
Rs.0.082 Million |
Regular |
SHARES/
DEBENTURES/ MUTUAL FUND ETC.
|
Name of Company |
No of Shares |
Whether Fully
Paid (Yes/ No) |
Current Market
Value (Rs. In
Millions) |
|
|
|
|
|
|
Visual Secures Limited |
23000 |
Yes |
0.230 |
|
Visual Housekeeping Facility Private Limited |
1000 |
Yes |
0.010 |
INVESTMENT IN
GOVT. SECURITIES LIKE BONDS/ PPF/ NSC/ KVP/ IVP ETC
|
Bond Certificate
no. |
Nature if
securities |
Date of
Purchases |
Issuing Office/ Post
Office |
Face Value |
Due Date |
|
|
|
|
|
|
|
|
30709780968 |
PPF |
21/03/2009 |
SBI- Gariahat |
Rs.0.170 Million |
15 years |
|
|
|
|
|
|
|
JEWELLERY
|
Gold |
Rs.2.000 Millions |
DETAILS OF LIABILITIES
AS BORROWER
|
Borrowed from |
Purpose of Loan |
Amount of Loan |
Outstanding Balance |
|
|
|
|
|
|
HDFC |
Home Loan |
Rs.4.390 Millions |
Rs.4.252 Millions |
AS GUARANTOR
|
Name of the
person to whom guaranteed |
Name of the bank
/ Financial intuition |
Guarantee Amount
|
Present Status
of A/c |
Outstanding
Balance |
|
|
|
|
|
|
|
Visual Securas Limited |
HDFC/ ICICI/ SCB/ TATA/ MAGMA/ RELIGARE |
Rs.40.000 Millions Approx. |
Regular |
Rs.28.100 Millions |
LEGAL HEIRS/
FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
Mr. Amlan Sen |
Service |
Husband |
44 years |
Married |
505, 14th Floor, Uniworld City Vistas Tower, 2 Action Area –
III, Rajarhat, Kolkata -700156, West Bengal, India |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR.
AKBAR ALI
(RS. IN MILLIONS)
BANK ACCOUNT
|
Bank |
Branch |
S/B, C/D A/c No. |
Present balance |
Last 6 Months
Average Balance |
|
|
|
|
|
|
|
HDFC Bank |
Salt Lake |
06931050067626 |
Rs.0.050 Million |
Rs.0.030 Million |
DETAILS OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own/ Joint Name |
Area |
Freehold or
Leasehold |
Location/
Address |
Purchases Cost |
Present Value |
Whether
encumbered |
|
Non Agri Land |
|
|
|
|
|
|
|
|
Residential |
|
|
|
|
|
|
|
|
Flat/ House |
Jointly |
987 sq. ft. |
Freehold |
Park Circus |
Rs.0.160 Million |
Rs.3.000 Million |
NA |
MOVABLE PROPERTY
SHARES/
DEBENTURES/ MUTUAL FUND ETC.
|
Name of Company |
No of Shares |
Whether Fully
Paid (Yes/ No) |
Current Market
Value (Rs. In
Millions) |
|
|
|
|
|
|
Visual Secures Limited |
24000 |
Yes |
0.240 |
INVESTMENT IN GOVT.
SECURITIES LIKE BONDS/ PPF/ NSC/ KVP/ IVP ETC
|
Bond Certificate
no. |
Nature if
securities |
Date of
Purchases |
Issuing Office/
Post Office |
Face Value |
Due Date |
|
|
|
|
|
|
|
|
8189 |
PPF |
19/09/1994 |
SBI |
Rs.0.033 Million |
19/09/2014 |
|
|
|
|
|
|
|
JEWELLERY
|
Gold |
Rs.0.036 Million |
DETAILS OF LIABILITIES
AS BORROWER
|
Borrowed from |
Purpose of Loan |
Amount of Loan |
Repayment Terms |
|
|
|
|
|
|
S K Kamaluddin |
Personal Loan |
Rs.0.150 Million |
12 Months |
LEGAL HEIRS/
FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
Mrs. Rita Ali |
Housewife |
Wife |
56 years |
Married |
3, Meher Ali Road, Park Circus, Kolkata – 700017, West Bengal, India |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR.
ANJAN CHAUDHURY
(RS. IN MILLIONS)
BANK ACCOUNT
|
Bank |
Branch |
S/B, C/D A/c No. |
Present balance |
Last 6 Months
Average Balance |
|
|
|
|
|
|
|
HDFC Bank |
Salt Lake |
01051000136701 |
Rs.0.420 Million |
Rs.0.075 Million |
DETAILS OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own/ Joint Name |
Area |
Freehold or
Leasehold |
Location/
Address |
Purchases Cost |
Present Value |
|
Non Agri Land |
|
|
|
|
|
|
|
Residential |
|
|
|
|
|
|
|
Flat/ House |
Mr. Anjan Chaudhury |
915 and 615 sq. ft. |
Freehold |
B.B. Chatterjee Road and Selimpur |
Rs.3.320 Millions |
Rs.6.500 Millions |
MOVABLE PROPERTY
INSURANCE POLICIES
|
Name of Company
and Branch |
Policy No. |
Dt. of Issue |
Sum Assured (Rs. In
Millions) |
Surrender Value |
Annual Premium (Rs. In
Millions) |
Premium Paid
upto what period |
|
|
|
|
|
|
|
|
|
LIC |
418770438 |
15.07.2005 |
0.050 |
NA |
0.007 |
Regular |
|
LIC |
415604477 |
06.01.2002 |
0.075 |
NA |
0.003 |
Regular |
|
LIC |
416605020 |
23.09.2004 |
0.050 |
NA |
0.003 |
Regular |
|
LIC |
416459247 |
28.03.2004 |
0.275 |
NA |
0.026 |
Regular |
SHARES/
DEBENTURES/ MUTUAL FUND ETC.
|
Name of Company |
No of Shares |
Whether Fully
Paid (Yes/ No) |
Current Market
Value (Rs. In
Millions) |
|
|
|
|
|
|
Visual Secures Limited |
129001 |
Yes |
1.290 |
|
Visual Housekeeping Facility Private Limited |
9000 |
Yes |
0.090 |
INVESTMENT IN
GOVT. SECURITIES LIKE BONDS/ PPF/ NSC/ KVP/ IVP ETC
|
Bond Certificate
no. |
Nature if
securities |
Date of
Purchases |
Issuing Office/
Post Office |
Face Value |
Due Date |
|
|
|
|
|
|
|
|
Mutual Fund |
-- |
-- |
-- |
Rs.0.064 Million |
-- |
|
|
|
|
|
|
|
VEHICLES
|
Type of Vehicles
|
Registration No. |
Model |
Year of Make |
Cost of the Time
of Purchases |
RC Book Details |
Present value |
|
|
|
|
|
|
|
|
|
Honda City |
WB-02-T-6165 |
City Ext MT |
2004 |
Rs.0.800 Million |
Valid upto 21.02.2020 |
Rs.0.180 Million |
JEWELLERY
|
Gold |
Rs.0.200 Million |
DETAILS OF LIABILITIES
AS BORROWER
|
Borrowed from |
Purpose of Loan |
Amount of Loan |
Security |
Outstanding Balance |
|
|
|
|
|
|
|
Axis Bank |
Home Loan |
Rs.1.772 Millions |
Home Loan |
Rs.1.635 Millions |
AS GUARANTOR
|
Name of the
person to whom guaranteed |
Name of the bank
/ Financial intuition |
Guarantee Amount
|
Present Status
of A/c |
Outstanding
Balance |
|
|
|
|
|
|
|
Visual Securas Limited |
HDFC/ ICICI/ SCB/ TATA/ MAGMA/ RELIGARE |
Rs.40.000 Millions Approx. |
Regular |
Rs.28.100 Millions |
LEGAL HEIRS/
FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
Miss Arshi Choudhury |
Student |
Daughter |
13 years |
Unmarried |
B.B. Chatterjee Road and Selimpur |
------------------------------------------------------------------------------------------------------------------------------
PROFILE OF THE COMPANY
INTRODUCTION OF
THE COMPANY
Subject
(IS0 9001-2008) is
one of the largest house of facility management Services, providing total
security and Facility solutions to many of the Corporate Houses encompassing
Multinational Companies, Indian Reputed Companies, Industrial Units,
Banks/ATMs, Telecom Towers, Hotels, Retail Services, Malls, Entertainment/
Multiplex Complex, Residence etc.
They from Visual Group take
the pleasure of introducing ourselves as a dynamic and professionally organized
Security and Facility Service Organization, run by a Group of Professionals from various Corporate Sectors,
Armed Force Services along with a Batch of Senior Management Executives from
the Best Security Companies in the country. They are proudly holding PSARA
(Private Security Agency Regulation Act) license which has been rendered by the
Home Department of West Bengal.
Visual Group is always focused
to provide ONE-STOP SHOP for
Integrated Safety and Security
and Facility Solution.
Subject has a strong National presence and is
operating from 34 Branches with 90 locations spreading over Eastern, Western,
Northern, Southern, Central and North Eastern part of the country. They have a
strong client base which includes Multinational Companies, Corporate Offices,
Industrial Units, Banks/ATMS, Hostels, entertainment/Multiplex Complex,
Residence etc. In respect of their Facility Management Services Visual provides
smartly uniformed, highly trained and well supervised guards.
Their team comprises of
ex-army officials and Jawans. Their security personnel are rigorously trained
at the "Visual Group Training Academy" where apart from physical
training and security skills, every trainee undergoes training in organization
structure, industrial relations and personality development. Visual Group
ensures quality service by continuous and close monitoring of their day to day
operations and by establishing measurable systems and procedures to ensure
their deliverables are both efficient and effective. At Visual Group, they form
the ideal base for a diverse range of security Services.
Visual
Group was established in the year 2005 and today provides its entire range of
services across India from 90 locations. In the seven years since its formation
it has achieved a tremendous growth rate both in terms of its financial top and
bottom lines as well as expanding its customer base across India.
Visual
Group not only eliminates
the problem related to recruitment, remuneration, training and supervision but
also provides a range of services for Hotels, Restaurants, and Resorts etc.
Visual has developed a comprehensive
service package to support its clients' back-end requirements by providing not
only manned guarding services
but also designing and installing high end electronic security systems. They
also have a well-designed vault and security vehicles to provide CMS services.
A team of experienced and trained detectives man their intelligence gathering initiatives. Visual has developed
an in-house capability of providing Facility Management services ranging from the basic house-keeping to
maintenance of AHUs and other logistic support systems. Their corporate
catering division is well supported by a State of the Art kitchen designed to
provide hygienic and wholesome food to their executives and staff members.
CURRENT
BUSINESS PROFILE
Visual Securas is one of
India's largest Security Services Company, founded by Mr. Anjan Chowdhury, a
Management Graduate. The Company initially operated with strength of 500 and
within a span of 7 years, the Company has an established network across 75 cities
with over 10000 employees in
India.
Subject is Visual Family with having following
division:
·
Visual Security
·
Visual Facility
·
Visual CVS
·
Visual F&B
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10427961 |
23/04/2011 |
9,468,640.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B65023160 |
|
2 |
10274488 |
07/03/2011 |
10,000,000.00 |
STANDARD CHARTERED BANK |
SME BANKING, 19 N.S.ROAD,
KOLKATA, WEST BENGAL - |
B08736654 |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Land and Building
· Plant and Machinery
· Office Equipment
· Air Condition
· Mobile Phone
· Metal Directors
· Computers
· Printer Machine
· Motor Car
· Invertor
· Furniture and Fixture
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 records 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.60.27 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.83.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
29 |
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.