|
Country |
India |
||
|
Company Name |
INDRAYANI SALES PRIVATE LIMITED |
Principal Name 1 |
Mr. Rahul Maruti Zine |
|
Status |
Moderate |
Principal Name 2 |
Ms. Smita Rahul Zine |
|
Registration # |
11-155147 |
||
|
Street Address |
3/128, Rahul Mittal Industrial Estate, Andheri-Kurla
Road, Mumbai – 400059, Maharashtra |
||
|
Established Date |
05.08.2005 |
SIC Code |
-- |
|
Telephone# |
91-22-40404040 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-40404242 |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Laser Toner Cartridge |
|
|
# of employees |
160 (Approximately) |
Product Name 2 |
Chemical Toner Powder |
|
Paid up capital |
Rs.
30,000,000/- |
Product Name 3 |
Printer Spares |
|
Shareholders |
Directors or relatives of
directors - 66.42% Others – 33.58% |
Banking |
Punjab National
Bank |
|
Public Limited Corp. |
No |
Business Period |
09 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
- |
- |
- |
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
55,933,000 |
Current Liabilities |
23,425,000 |
|
Inventories |
80,988,000 |
Long-term Liabilities |
113,714,000 |
|
Fixed Assets |
35,394,000 |
Other Liabilities |
5,066,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
142,205,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
6,773,000 |
|
|
|
Net Worth |
30,110,000 |
|
Total Assets |
172,315,000 |
Total Liab. & Equity |
172,315,000 |
|
Total Assets (Previous Year) |
160,849,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
312,369,000 |
Net Profit |
2,480,000 |
|
Sales(Previous yr) |
257,212,000 |
Net Profit(Prev.yr) |
5,580,000 |
MIRA INFORM REPORT
|
Report Date : |
30.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
INDRAYANI SALES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3/128, Rahul Mittal Industrial Estate, Andheri-Kurla
Road, Mumbai – 400059, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
30.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.08.2005 |
|
|
|
|
Com. Reg. No.: |
11-155147 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.30.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH2005PTC155147 |
|
|
|
|
IEC No.: |
0305088840 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMI07069G MUMI07578E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCI3891F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Cartridge |
|
|
|
|
No. of Employees
: |
160 (Approximately) (Office + Factory) |
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 |
|
Maximum Credit Limit : |
USD 120000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The rating reflects moderate financial risk profile marked by low
reserves and thin profitability margin of the company. However, trade relations are fair. Business is active. Payments are
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 |
|
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating “B+” |
|
Rating Explanation |
Risk prone credit quality and high risk of default |
|
Date |
Feb 05, 2014 |
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. Rahul Zine |
|
Designation : |
Director |
|
Contact No.: |
91-9987660777 |
|
Date : |
11.04.2014 |
LOCATIONS
|
Registered Office : |
3/128, Rahul Mittal Industrial Estate, Andheri-Kurla
Road, Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-40404040 (100 lines) |
|
Mobile No.: |
91-998766077 (Mr. Rahul Zine) |
|
Fax No.: |
91-22-40404242 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1,500 Sq. Ft. |
|
|
|
|
Factory : |
Plot No. N-1/1 and 1/2 , Additional Patalganga Industrial Area, MIDC, Raigad
– 410220, Maharashtra, India |
|
Tel No.: |
91-22-40404040 |
|
Fax No.: |
91-22-40404242 |
|
Area : |
20000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
4226/1, Gali No 14, Ansari Road, Darya Ganj, Delhi 110002, India |
|
Tel. No.: |
91-11-43583040 |
|
E-Mail : |
|
|
Area : |
1000 sq. ft. |
|
Location : |
Rented |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Rahul Maruti Zine |
|
Designation : |
Director |
|
Address : |
Plot No.2, Shreeram Colony, Sandesh Nagar, Vasant Tekadi, Ahmednagar –
414003, Maharashtra, India |
|
Date of Birth/Age : |
25.12.1976 |
|
Qualification : |
MBA |
|
Date of Appointment : |
05.08.2005 |
|
DIN No.: |
01630016 |
|
|
|
|
Name : |
Ms. Smita Rahul Zine |
|
Designation : |
Director |
|
Address : |
503, Cosmopolitan Building No. 9, A-Wing, Mhada Rambaug, Powai, Mumbai
– 400076, Maharashtra, India |
|
Date of Birth/Age : |
02.06.1978 |
|
Date of Appointment : |
12.10.2012 |
|
DIN No.: |
06408358 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Rahul Maruti Zine |
|
1550000 |
|
Bhagyshree Shashikant Mahawarkar |
|
664500 |
|
Yogesh Kautik Thakre |
|
119230 |
|
|
|
|
|
Total |
|
2333730 |
As on: 20.03.2014
|
Names of Allottees |
|
No. of Shares
Allotted |
|
Rahul Maruti Zine |
|
400000 |
|
Bhagyshree Shashikant Mahawarkar |
|
235500 |
|
Yogesh Kautik Thakre |
|
30770 |
|
|
|
|
|
Total |
|
666270 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
66.42 |
|
Others |
|
33.58 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Cartridge |
|
|
|
|
Products : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Credit (60 Days) |
|
|
|
|
Purchasing : |
Open Credit |
GENERAL INFORMATION
|
Suppliers : |
Baiksan OPC Company Limited - Korea |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Lipi Data – Mahape |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
160 (Approximately) (Office + Factory) |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
Punjab National Bank, SEEPZ Branch, SEEPZ, Andheri (East), Mumbai
400096, Maharashtra, India. |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs. In
Millions)
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Banking
Relations : |
-- |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Auditors : |
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Laxminiwas and Jain Company Chartered Accountants |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
201, Saurabh, Andheri – Kurla Road, Above Andhra Bank, Chakala,
Andheri (East), Mumbai – 400093, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Tel. No.: |
91-22-66945461 / 2 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Fax No.: |
91-22-66945462 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
E-Mail : |
|||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAAFL7412R |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,000,00 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23,337,30 |
Equity Shares |
Rs.10/- each |
Rs.23.337
Millions |
|
|
|
|
|
After: 30.09.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,000,00 |
Equity Shares |
Rs.10/- each |
Rs.30.000
Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,000,00 |
Equity Shares |
Rs.10/- each |
Rs.30.000
Millions |
|
|
|
|
|
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
23.337 |
20.000 |
|
(b) Reserves & Surplus |
|
6.773 |
4.293 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.0000 |
|
Total Shareholders’ Funds (1) + (2) |
|
30.110 |
24.293 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
|
30.536 |
47.529 |
|
(b) Deferred tax
liabilities (Net) |
|
0.373 |
0.581 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
30.909 |
48.110 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
83.178 |
70.631 |
|
(b)
Trade payables |
|
1.624 |
4.162 |
|
(c)
Other current liabilities |
|
21.801 |
13.653 |
|
(d)
Short-term provisions |
|
4.693 |
0.000 |
|
Total
Current Liabilities (4) |
|
111.296 |
88.446 |
|
|
|
|
|
|
TOTAL |
|
172.315 |
160.849 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
35.394 |
37.955 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b)
Non-current Investments |
|
0.000 |
0.000 |
|
(c)
Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
4.075 |
0.000 |
|
(e)
Other Non-current assets |
|
0.900 |
00000 |
|
Total
Non-Current Assets |
|
40.369 |
37.955 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
80.988 |
62.576 |
|
(c)
Trade receivables |
|
47.588 |
52.521 |
|
(d)
Cash and cash equivalents |
|
1.462 |
1.205 |
|
(e)
Short-term loans and advances |
|
0.673 |
4.855 |
|
(f)
Other current assets |
|
1.235 |
1.737 |
|
Total
Current Assets |
|
131.946 |
122.894 |
|
|
|
|
|
|
TOTAL |
|
172.315 |
160.849 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
5.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
13.713 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
18.713 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
58.388 |
|
|
2] Unsecured Loans |
|
|
19.511 |
|
|
TOTAL BORROWING |
|
|
77.899 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
96.612 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
23.316 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
47.671
|
|
|
Sundry Debtors |
|
|
30.572
|
|
|
Cash & Bank Balances |
|
|
0.105
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
8.693
|
|
Total
Current Assets |
|
|
87.041 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
12.873
|
|
|
Other Current Liabilities |
|
|
1.302
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
14.175 |
|
|
Net Current Assets |
|
|
72.866
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.430 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
96.612 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
312.369 |
257.212 |
186.050 |
|
|
|
Other Income |
1.323 |
0.000 |
0.114 |
|
|
|
TOTAL (A) |
313.692 |
257.212 |
186.164 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
Cost of material consumed |
196.628 |
193.066 |
143.135 |
|
|
|
Purchases of Stock-in-Trade |
63.205 |
0.000 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(19.589) |
0.000 |
0.000 |
|
|
|
Employee Benefit Expenses |
21.237 |
17.457 |
12.680 |
|
|
|
Other Expenses |
28.038 |
24.562 |
0.000 |
|
|
|
Administrative Overheads |
0.000 |
0.000 |
6.662 |
|
|
|
Selling Overheads |
0.000 |
0.000 |
8.928 |
|
|
|
|
TOTAL (B) |
289.519 |
235.085 |
171.405 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
24.173 |
22.127 |
14.759 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
15.921 |
11.610 |
6.528 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.252 |
10.517 |
8.231 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.800 |
2.857 |
1.118 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.452 |
7.660 |
7.113 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.972 |
2.080 |
1.360 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.480 |
5.580 |
5.753 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
19.293 |
13.713 |
7.960 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
21.773 |
19.293 |
13.713 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.61 |
4.46 |
11.506 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
370.000 |
|
|
|
|
|
Expected Sales (2014-2015): Rs.480.000 Millions
The above information has been parted by Mr. Rahul Maruti Zine
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.79 |
2.17
|
3.09
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.11 |
2.98
|
3.82
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.00 |
6.23
|
6.44
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.32
|
0.38
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.78 |
4.86
|
4.16
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
1.39
|
6.14
|
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
20.000 |
23.337 |
|
Reserves & Surplus |
4.293 |
6.773 |
|
Net worth |
24.293 |
30.110 |
|
|
|
|
|
long-term borrowings |
47.529 |
30.536 |
|
Short term borrowings |
70.631 |
83.178 |
|
Total borrowings |
118.160 |
113.714 |
|
Debt/Equity ratio |
4.864 |
3.777 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
186.050 |
257.212 |
312.369 |
|
|
|
38.249 |
21.444 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
186.050 |
257.212 |
312.369 |
|
Profit |
5.753 |
5.580 |
2.480 |
|
|
3.09% |
2.17% |
0.79% |
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 |
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 four 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 |
No |
|
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 |
Yes |
UNSECURED LOANS
(Rs. In Millions)
|
Particulars |
As on 31.03.2013 |
|
Long Term
Borrowings |
|
|
Others Loans |
|
|
-from Directors |
8.491 |
|
-from Shareholders and Relatives |
6.126 |
|
-from Companies |
6.158 |
|
|
|
|
Total |
20.775 |
|
Particulars |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
Intercorporate
Deposits |
1.236 |
|
Loans from
directors |
8.232 |
|
Others |
19.106 |
|
Total |
28.574 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10477049 |
12/02/2014 |
2,383,000.00 |
PUNJAB NATIONAL BANK |
SEEPZ BRANCH, SEEPZ ANDHERI EAST, SEEPZ, ANDHERI EAST, MUMBAI - 400096, Maharashtra, INDIA |
B96134275 |
|
2 |
10479106 |
31/10/2013 |
428,000.00 |
PUNJAB NATIONAL BANK |
SEEPZ BRANCH, SEEPZ ANDHERI EAST, SEEPZ, ANDHERI EAST, MUMBAI - 400096, Maharashtra, INDIA |
B93684868 |
|
3 |
10452934 |
25/09/2013 |
8,700,000.00 |
PUNJAB NATIONAL BANK |
SEEPZ BRANCH, SEEPZ ANDHERI EAST, SEEPZ, ANDHERI EAST, MUMBAI - 400096, Maharashtra, INDIA |
B86612629 |
|
4 |
10330936 |
23/12/2011 |
10,000,000.00 |
PUNJAB NATIONAL BANK |
SEEPZ BRANCH, SEEPZ ANDHERI EAST, SEEPZ, ANDHERI EAST, MUMBAI - 400096, Maharashtra, INDIA |
B30296875 |
|
5 |
10020641 |
24/06/2006 |
8,000,000.00 |
PUNJAB NATIONAL BANK |
Branch ID - 1186, Malad East Branch, Daftari Road, Mumbai - 400097, Mumbai, Maharashtra, INDIA |
A02301323 |
|
6 |
10086952 |
23/07/2013 * |
108,098,000.00 |
PUNJAB NATIONAL BANK |
SEEPZ BRANCH, SEEPZ ANDHERI EAST, SEEPZ, ANDHERI EAST, MUMBAI - 400096, Maharashtra, INDIA |
B82619925 |
* Date of charge modification
FIXED ASSETS:
- Computer Systems
- Furniture and Fixtures
- Machinery
- Motor Vehicles
- Air Conditioners
- Telephone Systems
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 exist 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.60.53 |
|
|
1 |
Rs.101.77 |
|
Euro |
1 |
Rs.83.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
VNK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--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.