MIRA INFORM REPORT
|
Report Date : |
25.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
RMOSS PRINTS PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
Flat No.404, Plot No.66,
Shanti Bhavan, Rajasthan Society, J.B. Nagar, Andheri (East), Mumbai – 400
059, Maharashtra |
|
|
|
|
Country : |
India |
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|
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Date of
Incorporation : |
24.01.2012 |
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|
|
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Com. Reg. No.: |
11-226404 |
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Capital
Investment / Paid-up Capital : |
Rs.9.500
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21023MH2012PTC226404 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR29024C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCR6721H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
They are into printing and publishing. |
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|
|
|
No. of Employees
: |
45 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company having moderate track record. Management of the company has failed to file its financials in
Government Department since its incorporation. Mr. Anurag Dwivedi, Director has provided general information and also
informed that company has achieved sales turnover of 60.000 millions in the
year 2013-14, which is not verified. However, trade relation are improving. Business is active. Payment
terms are unknown. 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.
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. Anurag Sudhakar Dwivedi |
|
Designation : |
Director |
|
Contact No.: |
91-9167212139 |
|
Date : |
23.04.2014 |
LOCATIONS
|
Registered Office : |
Flat No.404, Plot No.66,
Shanti Bhavan, Rajasthan Society, J.B. Nagar, Andheri (East), Mumbai – 400
059, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9167212139 (Mr. Anurag) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
|
|
Head Office/ Corporate Office : |
C/449, MIDC Pawane, TTC Area, Near Mayur Cold
Storage, Turbhe, Navi Mumbai – 400 708, Maharashtra, India |
|
Tel. No.: |
91-22-30764100 |
|
Fax No.: |
91-22-30764110 |
|
Area : |
20000 sq. ft. |
|
Location : |
Rented |
DIRECTORS
|
Name : |
Mr. Anurag Sudhakar Dwivedi |
|
Designation : |
Director |
|
Address : |
Flat 404, Shantidevi Tekchand Sharma CHS Limited, Shanti Bhavan, Plot
No.66, Rajastan Society, J.B. Nagar, Andheri (East), Mumbai – 400 059,
Maharashtra, India |
|
Date of Birth/Age : |
12.01.1974 |
|
DIN No.: |
05133524 |
|
E-Mail : |
|
|
|
|
|
Name : |
Mr. Rakesh Girish Dharavat |
|
Designation : |
Director |
|
Address : |
2/4, Kiran Building, P.P. Road, Andheri (East), Mumbai – 400 069,
Maharashtra India |
|
Date of Birth/Age : |
22.02.1984 |
|
DIN No.: |
05133528 |
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E-Mail : |
|
|
|
|
|
Name : |
Mr. Bhavin Vijay Kumar Bhalavat |
|
Designation : |
Director |
|
Address : |
203/C, Suman Apartments, Tank Road, Orlem, Malad (West), Mumbai – 400
064, Maharashtra, India |
|
Date of Birth/Age : |
20.04.1984 |
|
DIN No.: |
05141033 |
|
E-Mail : |
|
|
|
|
|
Name : |
Mr. Sunil Ansuya Khanduri |
|
Designation : |
Additional Director |
|
Address : |
501, A Wing,
Lake Bloom Apartment, Saki Vihar Road, Powai, Opposite L&T Gate No.6, Mumbai – 400 072, Maharashtra,
India |
|
Date of Birth/Age : |
17.10.1983 |
|
Date of Appointment : |
18.02.2012 |
|
DIN No.: |
05205770 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 06.01.2012
|
Names of Shareholders |
No. of Shares |
Percentage of
holding |
|
Anurag Sudhakar Dwivedi |
3333 |
33.33 |
|
Rakesh Girish Dharavat |
3333 |
33.33 |
|
Bhavin Vijay Kumar Bhalavat |
3334 |
33.34 |
|
Total
|
10000 |
100.00 |
AS ON 11.12.2012
|
Names of Allottees |
|
No. of Shares |
|
Bhavin Vijay Kumar Bhalavat |
|
295916 |
|
Anurag Sudhakar Dwivedi |
|
295917 |
|
Rakesh Girish Dharavat |
|
172417 |
|
Sunil Ansuya Khanduri |
|
175750 |
|
Total
|
|
940000 |
BUSINESS DETAILS
|
Line of Business : |
They are into printing and publishing. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Metro Paper, Mumbai |
|
|
|
|
Customers : |
·
Health Media
Publishing Private Limited, Andheri SEEPZ ·
Balaji ·
Brigade Group ·
Chetana ·
Banking
Frontiers ·
Jain Irrigation
Systems Limited ·
Parsvnath
Developers Limited ·
Powergrid ·
sandawellness ·
yourwellness |
|
|
|
|
No. of Employees : |
45 (Approximately) |
|
|
|
|
Bankers : |
Bank of Baroda, Vashi
Branch, Big Splash, Shop No.1 to 6, Sector 17, 66, Shivaji Chowk, Vashi, Navi
Mumbai – 400 705, Maharashtra, India |
|
|
|
|
Facilities : |
Fund and Non-Fund Based Facilities: Rs.35.000 millions
(From Bank of Baroda) |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Reliance Capital Limited,
"H" Block, 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne,
Navi Mumbai – 400 710, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
M.R. Sharma and Company Chartered Accountants |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
950000 |
Equity Shares |
Rs.10/- each
|
Rs.9.500
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
60.000 |
|
|
|
|
|
The above information has been parted by Mr. Anurag Sudhakar Dwivedi
(Director).
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 one year |
Yes |
|
12) Profitability for last three years |
No |
|
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 |
Yes |
|
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 |
-- |
|
27) Financials, if provided |
No |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
No |
|
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 |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U21023MH2012PTC226404 |
|
Name of the
company |
RMOSS PRINTS PRIVATE
LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
Flat No.404, Plot No.66,
Shanti Bhavan, Rajasthan Society, J.B. Nagar, Andheri (East), Mumbai – 400
059, Maharashtra, India E-Mail: info@rmossprints.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10397159 |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
Bank of Baroda, Vashi
Branch, Big Splash, Shop No.1 to 6, Sector 17, 66, Shivaji Chowk, Vashi, Navi
Mumbai – 400 705, Maharashtra, India E-Mail : vashi@bankofbaroda.com |
|
Nature of
instrument creating charge |
Supplemental
Composite Agreement of Hypothecation of Goods, Book-Debts, Moveable Machinery
and Vehicles. |
|
Date of
instrument Creating the charge |
14.12.2013 |
|
Amount secured by
the charge |
Rs.34.000
millions |
|
Brief of the
principal terms and conditions and extent and operation of the charge |
Rate of Interest: Interest on the
cash credit limit at the rate of 3% over Base Rate of the bank per annum with
monthly rests. Terms of
Repayment: On Demand. Margin: 25% on the Stocks
and Moveable Machinery. 40% on the Book
Debts. 25% cash margin
in respect of LC facility. Extent and
Operation of the charge: The first charge
is modified to secure Cash Credit facility of Rs.9.000 millions [with
Sub-limit: LC (Import/Inland) facility of Rs.4.000 millions] and Term Loan of
Rs.25.000 millions, aggregating to Rs.34.000 millions together with interest,
additional interest by way of liquidated damages, compound interest,
commitment charges, guarantee commission, commission for Letters of Credit,
premia on pre-payment, cost, charges, expenses and other moneys payable by
the Borrower to the Bank. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Stocks, both
present and future and all stocks of raw materials, work-in-process,
semi-finished goods, finished goods such as Paper Ink Plates and Other
Printing Material, Packing Materials and stores etc. All the present
and future book-debts, outstanding, monies receivable, claims, bills,
contracts, engagements and securities, etc. All the tangible
movable machinery and plant and cranes, boats and crafts and the vehicles
together with spares, tools and accessories and other movables, both present
and future, and the furniture, fixtures and fitting and office equipment
whether installed or not and whether lying loose or in cases at C-449, MIDC
Pawane Turbhe. |
|
Particulars of
the present modification |
The charge is increased
from Rs.32.000 millions to Rs.34.000 millions to cover Cash Credit facility
of Rs.9.000 millions (Increased from Rs.7.000 millions) [with Sub-limit: LC
(Import/Inland) facility of Rs.4.000 millions] and Term Loan of Rs.25.000
millions (Review). |
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.61.07 |
|
UK Pound |
1 |
Rs.102.77 |
|
Euro |
1 |
Rs.84.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.