MIRA
INFORM REPORT
|
Report Date : |
13.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
ALA INTERNATIONAL (INDIA) PRIVATE LIMITED (w.e.f.01.11.2010) |
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Formerly Known
As : |
MALEKA INTERNATIONAL PRIVATE LIMITED |
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Registered
Office : |
Leo Building, 5th Floor, Office No. 501 and 502, 24th
Road, Off Linking Road, Khar (West), Mumbai – 400052, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
07.08.2006 |
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Com. Reg. No.: |
11-163612 |
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Capital
Investment / Paid-up Capital : |
Rs. 1.500 Million |
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CIN No.: [Company Identification
No.] |
U51909MH2006PTC163612 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Trader of Ferrous and Non Ferrous Metals. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Business |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities are
limited. Management has failed to file latest financials of Financial Year
2014, with the statutory authorities. As per available, trade relations are fair. Business is active.
Payment terms are reported as slow but correct. The company can be considered for small 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.
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
31-03-2014.
INFORMATION DENIED
Management Non Co-Operative (Tel No.: 91-22-26055900)
LOCATIONS
|
Registered Office : |
Leo Building, 5th Floor, Office No. 501 and 502, 24th
Road, Off Linking Road, Khar (West), Mumbai – 400052, Maharashtra, India |
|
Tel. No.: |
91-22-26055900 91-22-42477777 (30 Lines) |
|
Fax No.: |
91-22-26055911 |
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E-Mail : |
DIRECTORS
As On 30.09.2013
|
Name : |
Mr. Ehsan Hajiamin Gadawala |
|
Designation : |
Director |
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Address : |
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|
Date of Birth/Age : |
27.11.1966 |
|
Date of Appointment : |
07.08.2006 |
|
DIN No.: |
00378266 |
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|
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|
Name : |
Mr. Sahim Hajiamin Gadawala |
|
Designation : |
Director |
|
Address : |
President Plaza, Near RTO, Ring Road, Surat – 395001, Gujarat, India |
|
Date of Birth/Age : |
24.02.1981 |
|
Date of Appointment : |
07.08.2006 |
|
DIN No.: |
00374952 |
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Name : |
Mrs. Maleka Hajiamin Gadawala |
|
Designation : |
Director |
|
Address : |
President Plaza, Near RTO, Ring Road, Surat – 395001, Gujarat, India |
|
Date of Birth/Age : |
15.08.1943 |
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Date of Appointment : |
07.08.2006 |
|
DIN No.: |
00374890 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Mr. Ehsan Gadawala |
100000 |
66.67 |
|
Mrs. Maleka Hajiamin Gadawala |
50000 |
33.33 |
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|
|
|
|
Total |
150000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20298275_MIRA%2013-Dec-2014_files/image002.gif)
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Ferrous and Non Ferrous Metals. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
Not Divulged |
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Facilities : |
-- |
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Auditors : |
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|
Name : |
Majithia And Associates Chartered Accountant |
|
Address : |
6, New Jagruti CHS, 1st Floor, 227, S.V. Road, Bandra West,
Mumbai – 400050, Maharashtra, India |
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PAN No.: |
AAAFM5330M |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
·
Ala International
Trading Company ·
Bibi Enterprises ·
Maleka Enterprises |
CAPITAL STRUCTURE
As On 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150,000 |
Equity Shares |
Rs. 10/-
each |
Rs. 1.500
Million |
|
|
|
|
|
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 |
1.500 |
1.500 |
1.500 |
|
(b) Reserves & Surplus |
2.657 |
2.349 |
2.019 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
13.925 |
13.925 |
13.925 |
|
Total
Shareholders’ Funds (1) + (2) |
18.082 |
17.774 |
17.444 |
|
|
|
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|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
4.752 |
4.752 |
4.653 |
|
(b) Deferred tax liabilities (Net) |
0.309 |
0.256 |
0.212 |
|
(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) |
5.061 |
5.008 |
4.865 |
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|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.042 |
|
(b) Trade payables |
0.000 |
0.000 |
0.000 |
|
(c) Other current
liabilities |
0.474 |
0.575 |
0.475 |
|
(d) Short-term provisions |
0.128 |
0.082 |
0.256 |
|
Total Current Liabilities (4) |
0.602 |
0.657 |
0.773 |
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|
|
|
|
|
TOTAL |
23.745 |
23.439 |
23.082 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
9.042 |
9.916 |
10.945 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.011 |
5.009 |
5.001 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
14.053 |
14.925 |
15.946 |
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|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
8.891 |
7.319 |
6.699 |
|
(d) Cash and cash
equivalents |
0.526 |
0.907 |
0.368 |
|
(e) Short-term loans and
advances |
0.151 |
0.220 |
0.000 |
|
(f) Other current assets |
0.124 |
0.068 |
0.069 |
|
Total Current Assets |
9.692 |
8.514 |
7.136 |
|
|
|
|
|
|
TOTAL |
23.745 |
23.439 |
23.082 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6.394 |
6.141 |
6.185 |
|
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Other Income |
NA |
NA |
NA |
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TOTAL |
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Less |
EXPENSES |
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TOTAL |
NA |
NA |
NA |
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.581 |
1.717 |
2.088 |
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|
Less/ Add |
DEPRECIATION/ AMORTISATION |
0.922 |
1.093 |
1.492 |
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|
PROFIT/
(LOSS) BEFORE TAX |
0.659 |
0.624 |
0.596 |
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|
Less |
TAX |
0.351 |
0.293 |
0.220 |
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|
PROFIT/
(LOSS) AFTER TAX |
0.308 |
0.331 |
0.376 |
|
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|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.349 |
2.019 |
1.644 |
|
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|
|
|
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|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.330 |
0.376 |
|
|
BALANCE CARRIED
TO THE B/S |
2.657 |
2.349 |
2.019 |
|
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|
|
Earnings /
(Loss) Per Share (Rs.) |
2.05 |
2.21 |
2.51 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
4.81
|
5.39 |
6.08 |
|
|
|
|
|
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|
Operating Profit Margin (PBDIT/Sales) |
(%) |
24.73
|
27.95 |
33.76 |
|
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.78 |
2.66 |
2.58 |
|
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|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.04 |
0.03 |
|
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|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.26 |
0.27 |
0.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
16.10 |
12.96 |
9.23 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
1.500 |
1.500 |
1.500 |
|
Reserves & Surplus |
2.019 |
2.349 |
2.657 |
|
Share Application money pending
allotment |
13.925 |
13.925 |
13.925 |
|
Net
worth |
17.444 |
17.774 |
18.082 |
|
|
|
|
|
|
long-term borrowings |
4.653 |
4.752 |
4.752 |
|
Short term borrowings |
0.042 |
0.000 |
0.000 |
|
Total
borrowings |
4.695 |
4.752 |
4.752 |
|
Debt/Equity
ratio |
0.269 |
0.267 |
0.263 |
%20PRIVATE%20LIMITED%20-%20298275_MIRA%2013-Dec-2014_files/image004.gif)
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 |
6.185 |
6.141 |
6.394 |
|
|
|
(0.711) |
4.120 |
%20PRIVATE%20LIMITED%20-%20298275_MIRA%2013-Dec-2014_files/image006.gif)
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 |
6.185 |
6.141 |
6.394 |
|
Profit |
0.376 |
0.331 |
0.308 |
|
|
6.08% |
5.39% |
4.82% |
%20PRIVATE%20LIMITED%20-%20298275_MIRA%2013-Dec-2014_files/image008.gif)
LOCAL AGENCY FURTHER INFORMATION
Note: Current
maturity long term debt details are not available.
|
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 |
Yes |
|
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 |
No |
|
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 LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and Advances from
Directors and related parties : Mr. Sahim Gadawala M/s.Bibi Enterprises M/s. Maleka Enterprises Mrs. Maleka Gadawala Mr. Ashif Aghadi |
2.305 1.000 0.297 1.050 0.100 |
2.305 1.000 0.797 0.550 0.100 |
|
|
|
|
|
Total |
4.752 |
4.752 |
FIXED ASSETS
·
Building
·
Furniture and Fixtures
·
Motor Car
·
Computer
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. 62.44 |
|
|
1 |
Rs. 98.15 |
|
Euro |
1 |
Rs. 77.38 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
NO |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.