MIRA INFORM REPORT
|
Report Date : |
28.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
PEARL
PUBLICATION |
|
|
|
|
Registered Office : |
Plot
No.181, Shanti Kunj Niketan Colony, Ground Floor, Roorkee Road, Meerut – 250
110, Uttar Pradesh |
|
|
|
|
Country : |
India
|
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Year of Establishment : |
2011
|
|
|
|
|
Capital Investment / Paid-up Capital : |
Not
Divulged |
|
|
|
|
Legal Form : |
Sole
Proprietary Concern |
|
|
|
|
Line of Business : |
Publisher
of Books. |
|
|
|
|
No. of Employees : |
5
(Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba
(44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Usually
Correct |
|
|
|
|
Litigation : |
Clear
|
|
|
|
|
Comments : |
Subject
is an established proprietary concern having satisfactory track record. Trade
relations are fair. Business is active. Payment terms are reported to be
usually correct. The
concern can be considered for business dealing at usual trade terms and
condition. |
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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
The worst is over for
India’s economy with gross domestic product likely to expand 5 %to 5.5 % this
year and more than 6 % in 2015, according to Moody’s Analytics. Concerns over
the rupee and current account deficit are under control, said the agency.
Ratings firm Crisil has forecast 6 % growth for 2014/15 up from the estimated
4.8 % for 2013/14. Total economic growth, infrastructure bottlenecks and
lack of transparency and consistency in foreign direct investment policies seem
to have taken a toll on India’s attractiveness as an investment destination,
says an Ernst & Young survey. Projects with FDI component fell 16.4 %
across the globe in 2012 from the previous year. The drop in India was
steeper at 21 %. State run carrier Air India is doling out free tickets to its
24000 employees, even as it expects to incur a loss of Rs 39000 mn this
financial year and has a debt of Rs 350000 mn. 550000 number of jobs generated
across India in 2013, a fall of 0.4 % as compared to with a year earlier. The
National Capital Region has a one-fourth share in total jobs created,
according to a study by industry lobby group Assochem, Banks, real estate,
automobile and telecommunications sectors are showing a rise of job creation. $
805 mn investments by venture capital firms in India during 2013, registering a
drop of about 18 % over the previous year. The Information Technology and
IT-Enabled Services Industry retained its status as the favourable venture
capital investors in 2013. Pakistan has temporarily banned gold imports for the
second time in six months, as it tries to stem smuggling into India. India’s
import duty on gold is 10 % and curbs on purchases have dried up legal imports
into what used to be the world’s biggest bullion buyers. The World Gold Council
puts the amount smuggled into India at upto 200 tonnes in 2013. The Reserve
Bank of India has proposed that unclaimed bank deposits estimated to be about
Rs 35000 mn be used for education and awareness among depositors. According
to the plan, deposits that have not been claimed for at least 10 years will be
transferred to the scheme.
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.
Vivek Sharma |
|
Designation : |
Proprietor
|
|
Contact No.: |
91-7500818800 |
|
Date : |
28.02.2014
|
LOCATIONS
|
Registered Office : |
Plot
No.181, Shanti Kunj Niketan Colony, Ground Floor, Roorkee Road, Meerut – 250
110, Uttar Pradesh, India
|
|
Tel. No.: |
Not
Available |
|
Mobile No.: |
91-7500818800
(Mr. Vivek) |
|
Fax No.: |
Not
Available |
|
E-Mail : |
|
|
Location : |
Owned
|
|
|
|
|
Corporate Office : |
7B/1GF,
Jaipuria Plaza, Sector-26, Noida, Uttar Pradesh, India |
|
Location : |
Rented
|
SOLE PROPRIETOR
|
Name : |
Mr.
Vivek Sharma |
|
Designation : |
Proprietor
|
|
Date of Birth/Age : |
29
Years |
|
Qualification : |
B.
Tech |
BUSINESS DETAILS
|
Line of Business : |
Publisher
of Books. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash
and Cheque |
|
|
|
|
Purchasing : |
Cash
and Cheque |
GENERAL INFORMATION
|
No. of Employees : |
5
(Approximately) |
|
|
|
|
Bankers : |
Union
Bank, Shastrinagar, Meerut, Uttar Pradesh, India |
|
|
|
|
Facilities : |
Cash
Credit: Rs.8.200 millions |
|
|
|
|
Banking Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sanjay
Sharma Chartered
Accountant |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not
Divulged |
|
Borrowed : |
Not
Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all
figures are in Rupees Millions]
|
Particulars |
|
31.03.2013 |
31.03.2012 |
|
Sales
Turnover (Approximately) |
|
17.500 |
8.000 |
|
|
|
|
|
Expected
Sales (2013-2014): Rs.40.000 millions
The
above information has been parted by Mr. Vivek Sharma (Proprietor).
Note : Sole Proprietary and
Partnership concerns are exempted from filing their financials with the Government
Authorities or Registry.
FINANCIAL ANALYSIS
[all
figures are in Rupees Millions]
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR in Mlns) |
(INR in Mlns) |
|
Sales
Turnover (Approximatley) |
|
8.000 |
17.500 |
|
|
|
118.750 |
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1) Year of
Establishment |
Yes |
|
2) Locality of the
firm |
Yes |
|
3) Constitutions of
the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s
background |
Yes |
|
8) No. of employees |
Yes |
|
9) Name of person
contacted |
Yes |
|
10) Designation of contact
person |
Yes |
|
11) Turnover of
firm for last two years |
Yes |
|
12) Profitability
for last three years |
No |
|
13) Reasons for
variation <> 20% |
-- |
|
14) Estimation for
coming financial year |
Yes |
|
15) Capital in the
business |
No |
|
16) Details of
sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
Yes |
|
20) Export / Import
details (if applicable) |
No |
|
21) Market
information |
-- |
|
22) Litigations that
the firm / promoter involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking
facility details |
Yes |
|
25) Conduct of the
banking account |
-- |
|
26) Buyer visit
details |
-- |
|
27) Financials, if
provided |
Yes |
|
28) Incorporation details,
if applicable |
No |
|
29) Last accounts
filed at ROC |
No |
|
30) Major
Shareholders, if available |
No |
|
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 |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information
has been collected from various sources including but not limited to: The
Courts, India Prisons Service, Interpol, etc.
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.61.94 |
|
UK
Pound |
1 |
Rs.103.31 |
|
Euro |
1 |
Rs.85.11 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT
|
|
|
|
|
Report Prepared by
: |
SMN
|
SCORE & RATING EXPLANATIONS
|
SCORE
FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP
CAPITAL |
1~10 |
5 |
|
OPERATING
SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS
SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT
LINES |
1~10 |
5 |
|
--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 |
|
44 |
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.