MIRA
INFORM REPORT
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Report Date : |
17.02.2014 |
IDENTIFICATION DETAILS
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Name : |
MAHEEP MARKETING PRIVATE LIMITED |
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Registered
Office : |
32, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
07.10.1994 |
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Com. Reg. No.: |
21-065456 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.790 Million |
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CIN No.: [Company Identification
No.] |
U51909WB1994PTC065456 |
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PAN No.: [Permanent Account No.] |
AABCM9107C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Trader of Steel. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
B (30) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 110000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Management of the company has failed to file its financial after 2011
with the government department. As per the financial (2011), it seems that the profitability of the
company appears to be low. However, reserves of the company appears to be
decent. Trade relations are reported as fair. Business is active. Payment
terms are unknown. The company can be considered for business dealings 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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from January
1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a
119 year old registration. The Securities and Exchange Board of India has
approved the trading of currency futures on the Bombay Stock Exchange. The
exchange plans to launch the currency futures platform with advanced trading
technology by the end of November.
INFORMATION DECLINED BY
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Name : |
Mr. Gajendra Krishna Sandim |
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Designation : |
Director |
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Contact No.: |
91-773834774 |
LOCATIONS
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Registered Office : |
32 Ezra Street, 9th Floor Room No 911, Hare Street, Kolkata
– 700001, West Bengal, India |
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Tel. No.: |
91-22-23401153 |
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Fax No.: |
Not Available |
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E-Mail : |
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Branch Office : |
160, Splender School Building, Opposite No. 23, 2nd Floor,
D. N. Road, Fort, Mumbai – 400001, Maharashtra, India |
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Tel. No.: |
91-22-22017746 |
DIRECTORS
AS ON 30.09.2011
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Name : |
Mr. Hemant Chimanlal Sanghvi |
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Designation : |
Director |
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Address : |
Balkrishna
Niwas, Room No. 19, Plot No. 265, Matunga, Mumbai - 400019, Maharashtra,
India |
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Date of Appointment : |
10.06.2005 |
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DIN No.: |
00161907 |
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Name : |
Mr. Gajendra Krishna Sandim |
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Designation : |
Director |
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Address : |
Shrigaon
Ganeshwadi, Ratnagiri - 415629, Maharashtra, India |
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Date of Birth/Age : |
04.07.1977 |
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Date of Appointment : |
30.09.2010 |
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DIN No.: |
03347208 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
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Names of
Shareholders |
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No. of Shares |
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Ekta Nivesh Private Limited, India |
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34000 |
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Zenon India Private Limited, India |
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5000 |
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Ujjwal Construction Development Private Limited, India |
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1500 |
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B. C. Khaitan |
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3500 |
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Sumit Kumar Roy |
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2000 |
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Bimal Kumar Agarwal |
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1020 |
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Shreeya Topwers and Investments |
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10000 |
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Aspo Light Commercial Trade Private Limited, India |
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8000 |
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B.R. Power Limited, India |
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9500 |
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Marigold Glass Industrial Private Limited, India |
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4500 |
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Total |
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79020 |
AS ON 30.09.2011
Equity Share Break up (Percentage of Total Equity)
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Category |
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Percentage of
Holding |
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Bodies corporate |
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91.75 |
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Other top fifty shareholders |
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8.25 |
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Total
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader of Steel. |
GENERAL INFORMATION
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No. of Employees : |
Not Divulged |
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Bankers : |
Not Divulged |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Doogar and Associates Chartered Accountants |
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Address : |
408, Building No. 3, Nav Jeevan Society, Lamington Road, Mumbai - 400008, Maharashtra, India |
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PAN No.: |
AACFD8728L |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital : Rs. 10.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 0.790
Million
As on 30.09.2011
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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79020 |
Equity Shares |
Rs.10/- each |
Rs.0.790
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.790 |
0.790 |
0.790 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
27.524 |
16.171 |
9.618 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
28.314 |
16.961 |
10.408 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
5.500 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
5.500 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
28.314 |
16.961 |
15.908 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.063 |
0.044 |
0.016 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.002 |
0.002 |
0.002 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.621
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271.777 |
119.860 |
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Sundry Debtors |
3358.763
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8984.068 |
6247.198 |
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Cash & Bank Balances |
1.307
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148.515 |
10.409 |
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Other Current Assets |
969.720
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35.435 |
16.044 |
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Loans & Advances |
1055.609
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0.0000 |
3.453 |
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Total
Current Assets |
5386.020
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9439.795 |
6396.964 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
2271.812
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9413.841 |
6375.371 |
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Other Current Liabilities |
3071.777
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0.460 |
0.959 |
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Provisions |
14.182
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8.579 |
4.744 |
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Total
Current Liabilities |
5357.771
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9422.880 |
6381.074 |
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Net Current Assets |
28.249
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16.915 |
15.890 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
28.314 |
16.961 |
15.908 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
27422.100 |
19777.639 |
14087.483 |
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Other Income |
0.172 |
1.025 |
0.223 |
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TOTAL (A) |
27422.272 |
19778.664 |
14087.706 |
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Less |
EXPENSES |
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19713.884 |
13946.134 |
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Direct Expenses |
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30.069 |
17.094 |
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Payment to Employee |
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0.286 |
0.676 |
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Administrative and Selling Expenses |
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15.024 |
9.624 |
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TOTAL (B) |
27404.489 |
19759.263 |
13973.528 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.783 |
19.401 |
114.178 |
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Less |
FINANCIAL
EXPENSES (D) |
0.801 |
8.920 |
111.443 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
16.982 |
10.481 |
2.735 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.022 |
0.007 |
0.003 |
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PROFIT BEFORE
TAX (E-F) (G) |
16.960 |
10.474 |
2.732 |
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Less |
TAX (H) |
5.607 |
3.921 |
0.896 |
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PROFIT AFTER TAX
(G-H) |
11.353 |
6.553 |
1.836 |
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Earnings Per
Share (Rs.) |
143.67 |
82.93 |
23.23 |
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%2017-Feb-2014_files/image001.gif){kind=small}
KEY RATIOS
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PARTICULARS |
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31.03.2011 |
31.03.2010 |
31.03.2009 |
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PAT / Total Income |
(%) |
0.04 |
0.03 |
0.01 |
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Net Profit Margin (PBT/Sales) |
(%) |
0.06 |
0.05 |
0.02 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
0.31 |
0.11 |
0.04 |
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Return on Investment (ROI) (PBT/Networth) |
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0.60 |
0.62 |
0.26 |
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Debt Equity Ratio (Total Debt/Networth) |
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0.00
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0.00
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0.53 |
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Current Ratio (Current Asset/Current Liability) |
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1.01 |
1.00 |
1.00 |
LOCAL AGENCY FURTHER INFORMATION
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
FINANCIAL RESULT
Sales Turnover has gone up from Rs. 19777.639 Millions to Rs.27422.100 Millions, profit before tax has jumped from Rs. 10.474 Millions to Rs. 16.960 Millions. The company has developed a very good market for H.R. / C.R. Coils, Sheets, Plates etc. not only in Mumbai, but all over Maharashtra, Gujarat and Karnataka. With the buoyancy in international steel prices the board is hopeful of better performance of the company in future years.
FIXED ASSETS
·
Computer
·
Equipment
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.62.28 |
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|
1 |
Rs. 103.67 |
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Euro |
1 |
Rs. 85.18 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.