MIRA INFORM REPORT
|
Report Date : |
13.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
P N WRITER AND COMPANY PRIVATE LIMITED(w.e.f 15.05.2002) WRITER INFORMATION MANAGEMENT A DIVISION OF P N WRITER AND COMPANY
PRIVATE LIMITED |
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Formerly Known
As : |
P N WRITER AND COMPANY LIMITED (w.e.f 01.07.1996) P N WRITER AND COMPANY PRIVATE LIMITED |
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Registered
Office : |
105, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
31.12.1987 |
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Com. Reg. No.: |
11-045750 |
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Capital
Investment / Paid-up Capital : |
Rs.98.872 Millions |
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CIN No.: [Company Identification
No.] |
U63030MH1987PTC045750 |
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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
: |
Subject is in the business of Professional Packing, Moving
and Door to Door Relocation Services. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Exists |
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Comments : |
Subject is an established company having satisfactory track. As per registrar of companies the date of Balance sheet i.e,
Financials filed is shown as 31st March, 2014 but the documents
related to the financial for the year 2013 and 2014 are not available from
any sources. As per available financial of 2012, financial position of the company
seems to be decent. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
FITCH |
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Rating |
Long term issuer rating: INDA- |
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Rating Explanation |
Have adequate degree of safety and carry low credit risk. |
|
Date |
27.12.2013 |
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 DECLINED BY
|
Name : |
Mr. Omprakash |
|
Designation : |
Senior Finance Manager |
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Contact No.: |
91-40-23771678 |
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Date : |
11.12.2014 |
LOCATIONS
|
Registered Office : |
105, |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Branch Office : |
1/1, |
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Tel. No.: |
91-40-23771678 |
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Branch Office : |
Located at
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DIRECTORS
As on 16.09.2014
|
Name : |
Mr. Garfield William Desouza |
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Designation : |
Director |
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Address : |
Ednel House, 141-142, St. Cyrl Road, Bandra West, Mumbai – 400050,
Maharashtra, India |
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Date of Birth/Age : |
19.08.1975 |
|
Date of Appointment : |
01.01.2004 |
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DIN No.: |
00084058 |
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Name : |
Mr. Denzil Charles Desouza |
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Designation : |
Director |
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Address : |
Ritu Apartment Society, Flat No. 61, 6th Floor, Bandra, Mumbai
– 400050, Maharashtra, India |
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Date of Birth/Age : |
03.01.1961 |
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Date of Appointment : |
31.12.1987 |
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DIN No.: |
00289353 |
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Name : |
Mr. Yazdi Hosi Desai |
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Designation : |
Director |
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Address : |
7/4, Rustom Baug, Sant Satwa Marg, Byculla, Mumbai – 400027,
Maharashtra, India |
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Date of Birth/Age : |
07.10.1959 |
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Date of Appointment : |
05.03.2001 |
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DIN No.: |
00289572 |
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Name : |
Mr. Subramaniam Ramachandran Iyer |
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Designation : |
Director |
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Address : |
Flat No. R-3, Rao Mansions Malleswaram, Bangalore 17th A
CR, 8th MN Road, Bangalore – 560055, Karnataka, India |
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Date of Birth/Age : |
28.05.1940 |
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Date of Appointment : |
03.10.2007 |
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DIN No.: |
00580437 |
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Name : |
Mr. Dayla William |
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Designation : |
Director |
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Address : |
141, North St. Cyrl Road, Bandra West, Mumbai – 400050, Maharashtra,
India |
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Date of Birth/Age : |
26.05.1982 |
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Date of Appointment : |
25.05.2007 |
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DIN No.: |
02139997 |
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Name : |
Mr. Gavin William Desouza |
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Designation : |
Director |
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Address : |
Ednel House, 141-142, St. Cyrl Road, Bandra West, Mumbai – 400050,
Maharashtra, India |
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Date of Birth/Age : |
09.05.1979 |
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Date of Appointment : |
25.05.2007 |
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DIN No.: |
02140000 |
KEY EXECUTIVES
|
Name : |
Mr. T S Sriram |
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Designation : |
Secretary |
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Address : |
Flat No. 103-104, Raja Tower, B Wing Asha Nagar, Phase – I, Mulund
West, Mumbai – 400080, Maharashtra, India |
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Date of Birth/Age : |
06.06.1961 |
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Date of Appointment : |
06.02.2009 |
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PAN No.: |
AGZPS8121R |
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Name : |
Mr. Omprakash |
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Designation : |
Senior Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 16.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Cynthia William Desouza |
4943600 |
50.00 |
|
Denzil Charles Desouza |
4943600 |
50.00 |
|
Total |
9887200 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 16.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is in the business of Professional Packing, Moving
and Door to Door Relocation Services. |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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Name : |
S.R.Batliboi and Associates Chartered Accountants |
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Address : |
14th Floor, The Ruby,29,Senapati Bapat Marg,Dadar (West ), Mumbai-400028, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AABFS3421N |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary company: |
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Fellow Subsidiary
Company: |
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Other related
party: |
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CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
9887200 |
Equity Shares |
Rs.10/- each |
Rs. 98.872
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
|
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
|
98.872 |
98.872 |
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(b) Reserves & Surplus |
|
1345.035 |
1218.763 |
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(c) Money received against
share warrants |
|
0.000 |
0.000 |
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(2) Share Application money
pending allotment |
|
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
|
1443.907 |
1317.635 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
|
827.023 |
577.660 |
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(b) Deferred tax liabilities
(Net) |
|
190.285 |
171.660 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
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(d) long-term provisions |
|
27.929 |
25.132 |
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Total
Non-current Liabilities (3) |
|
1045.237 |
774.452 |
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(4) Current Liabilities |
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(a) Short term borrowings |
|
443.344 |
701.530 |
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(b) Trade payables |
|
308.255 |
207.891 |
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(c) Other current liabilities |
|
704.163 |
619.125 |
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(d) Short-term provisions |
|
9.068 |
11.946 |
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Total
Current Liabilities (4) |
|
1464.830 |
1540.492 |
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TOTAL |
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3953.974 |
3632.579 |
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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 |
|
1834.816 |
1755.735 |
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(ii) Intangible Assets |
|
14.582 |
10.289 |
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(iii) Capital work-in-progress |
|
86.329 |
95.283 |
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(iv) Intangible assets under
development |
|
0.000 |
0.000 |
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(b) Non-current Investments |
|
73.301 |
73.301 |
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(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
600.586 |
757.033 |
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(e) Other Non-current assets |
|
0.196 |
0.444 |
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Total
Non-Current Assets |
|
2609.810 |
2692.085 |
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|
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(2) Current assets |
|
|
|
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(a) Current investments |
|
2.950 |
6.761 |
|
(b) Inventories |
|
52.753 |
45.669 |
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(c) Trade receivables |
|
427.068 |
434.013 |
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(d) Cash and cash equivalents |
|
112.041 |
108.088 |
|
(e) Short-term loans and
advances |
|
679.298 |
213.476 |
|
(f) Other current assets |
|
70.054 |
132.487 |
|
Total
Current Assets |
|
1344.164 |
940.494 |
|
|
|
|
|
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TOTAL |
|
3953.974 |
3632.579 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
98.872 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1762.256 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1861.128 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1680.169 |
|
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2] Unsecured Loans |
|
|
22.402 |
|
|
TOTAL BORROWING |
|
|
1702.571 |
|
|
DEFERRED TAX LIABILITIES |
|
|
114.517 |
|
|
|
|
|
|
|
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TOTAL |
|
|
3678.216 |
|
|
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APPLICATION OF FUNDS |
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|
|
|
|
|
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FIXED ASSETS [Net Block] |
|
|
1349.258 |
|
|
Capital work-in-progress |
|
|
1341.045 |
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|
|
|
|
|
|
|
INVESTMENT |
|
|
137.134 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
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|
|
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|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
30.160
|
|
|
Sundry Debtors |
|
|
442.762
|
|
|
Cash & Bank Balances |
|
|
93.806
|
|
|
Other Current Assets |
|
|
27.482
|
|
|
Loans & Advances |
|
|
959.380
|
|
Total
Current Assets |
|
|
1553.590
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
359.711
|
|
|
Other Current Liabilities |
|
|
270.160
|
|
|
Provisions |
|
|
72.940
|
|
Total
Current Liabilities |
|
|
702.811
|
|
|
Net Current Assets |
|
|
850.779
|
|
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|
|
|
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|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
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TOTAL |
|
|
3678.216 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SALES |
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
Other Income |
NA |
NA |
NA |
|
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TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
126.272 |
248.111 |
100.788 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
12.77 |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2012 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.88 |
0.97 |
0.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.92 |
0.61 |
2.21 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
98.872 |
98.872 |
|
Reserves & Surplus |
1218.763 |
1345.035 |
|
Net
worth |
1317.635 |
1443.907 |
|
|
|
|
|
long-term borrowings |
577.660 |
827.023 |
|
Short term borrowings |
701.530 |
443.344 |
|
Total
borrowings |
1279.190 |
1270.367 |
|
Debt/Equity
ratio |
0.971 |
0.880 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
|
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 |
Yes |
|
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 |
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 |
Yes |
LITIGATION DETAILS
CASE DETAILS
BENCH:-BOMBAY
|
Presentation Date:- |
31/10/2014 |
|
||||
|
|
Lodging No.:- |
ITXAL/1863/2014 |
Filing Date:- |
31/10/2014 |
|
|
|
|
Petitioner:- |
THE COMMISSIONER OF INCOME TAX-7 |
|
Respondent:- |
M/S P N WRITER AND CO PVT LTD |
|
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|
CORPORATE INFORMATION
Subject is the flagship company of the Writer Group is a private limited Company domiciled in India and incorporated under the provisions of Companies Act 1956. The Company is in the business of Professional Packing, Moving and Door to Door Relocation Services in India and abroad, Information Management Services and letting out of immovable properties.
Bankers Charges
Report as per Registry
|
Corporate identity number (CIN)
or foreign company registration number of the company |
U63030MH1987PTC045750 |
|
Name of the
company |
P N WRITER AND
COMPANY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
105, Dr. B Ambedkar Road, Kalachowki, Lalbaug, Mumbai – 400033,
Maharashtra, India Email-id:- yazdi@writercorporation.com
|
|
This form is for |
Creation of charge |
|
Charge
identification (ID) number of the charge to be modified |
-- |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
Ratnakar Bank
Limited, One India Bulls Center, Tower 2, 6th Floor, 841, Senapati Bapat Marg, Lower Parel (West),
Mumbai – 400013, Maharashtra India Email-id:- Amey.Kulkarni@rblbank.com |
|
Nature of
instrument creating charge |
Memorandum of
equitable mortgage by deposit of title deeds dated 24th January, 2014. |
|
Date of instrument
Creating the charge |
24.01.2014 |
|
Amount secured by
the charge |
Rs. 150.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 2.00% p.a. i.e. 1.00%
above Ratnakar Bank Rate prevailing from time to time. Currently
Ratnakar Bank Base is 11.00% p.a. Terms of
Repayment 12 quarterly
installments commencing from the end of the quarter after 12 months
moratorium period. Interest to be
serviced monthly. Margin 1.5 x cover of
total facility. Extent and
Operation of the charge First Pari Passu
charge with other lenders namely - 1. Yes Bank
Limited - Term Loan Facility of INR 150.000 Millions 2. ICICI Bank Limited
- Working Capital Term Loan facility of INR 200.000 Millions 3. HSBC Bank -
Term Loan facility of INR 120.000 Millions Others Non revolving
term loan of Rs. 150.000 Millions taken from Ratnakar Bank. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First pari passu
charge on property measuring 1) 17 kanals and 18.5 marlas comprising in the
revenue estate of village Khedkidhaula, Tehsil Sohna, district Gurgaon,
Haryana and 2) 28 kanals
and 10 marlas comprising in the revenue estate of village Khedkidhaula,
Tehsil Sohna, district Gurgaon, Haryana |
|
Particulars of
the present modification |
-- |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
- Leasehold improvements
Intangible assets
- Goodwill
- Brands and trade marks
- Computer software
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.62.44 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
50 |
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.