MIRA
INFORM REPORT
|
Report Date : |
01.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
S. KUMAR AND CO. |
|
|
|
|
Registered
Office : |
36, Ganesh Chandra Avenue, 4th
Floor, Kolkata – 700 013, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Year of
Establishment : |
1999 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.042 millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
AHWPB2854Q |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Transportation work from one company to another company. Also hiring
of heavy machine loaders. |
|
|
|
|
No. of Employees
: |
Approximately 5 (Permanent) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
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 reported as fair. Business is active. Payment terms are reported to be
usually correct and as per commitment. The concern can
be considered normal 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 – 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
NEWS
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year
before. A sharp fall in gold imports due to restrictions on overseas purchases
and muted import of capital goods helped shrink the current account deficit.
Online retailer Flipkart
has acquired fashion portal Myntra as it prepares to
battle with the rapidly expanding India arm of the global e-commerce giant
Amazon. The company raised $ 210 million from Russian Investment firm DST
Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune
in the second half of 2014. GM was one of the few global carmakers that was
using its India plant only for the domestic market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year
to $ 158.84 billion. The top 10 of the 100 slots were dominated by US
companies.
Infosys lost another heavy weight when B G Srinivas,
a board member put in his papers. He is the third CEO-hopeful to quit after
Chairman N R Narayana Murthy’s return to the company
– Ashok Vemuri and V Balakrishnan being the other two.While
Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted biggest
quarterly loss – Rs.2153.37 crore – in the three
months ended March 31, mainly because it has been offering discounts to
passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala
Police had arrested Pinckney and two company directors on charges of financial
irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers with hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter
refused an offer of 55 pounds a share.
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. Seksaria |
|
Designation : |
Financial Advisor |
|
Contact No.: |
91-9433441022 |
|
Date : |
30.06.2014 |
LOCATIONS
|
Registered Office : |
36, Ganesh Chandra Avenue, 4th
Floor, Kolkata – 700 013, West Bengal, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9433441022 (Mr. Seksaria) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Branch Office : |
15/1, N.S.B. Road, P.O. Raniganj, District Burdwan – 713 347, West Bengal, India |
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr. Arvind Sajan Buchasia |
|
Designation : |
Proprietor |
|
Address : |
P.N. Malia Road, Raniganj,
District Burdwan – 713 347, West Bengal, India |
|
Date of Birth/Age : |
09.10.1976 |
|
Passport No.: |
E6902150 |
KEY EXECUTIVES
|
Name : |
Mr. Seksaria |
|
Designation : |
Financial Advisor |
BUSINESS DETAILS
|
Line of Business : |
Transportation work from one company to another company. Also hiring
of heavy machine loaders. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (45-60 days) |
GENERAL INFORMATION
|
Suppliers : |
·
A.S. Roadlines ·
J.J. Corporation ·
New India Automobiles ·
Tyre Arcade ·
Wise Commodities Private Limited |
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
·
ACC-Sindhri (Coal) ·
Ambey Mining Private Limited (Lalmatia) ·
Ambey Mining Private Limited (Mtps-Ash)-Dumper ·
Ambey Mining Private Limited (Mtps-Ash)-P/L ·
BKB Transport Private Limited ·
Durgapur Cement Works ·
NKAS Services Private Limited ·
Radix Infra Projects Private Limited ·
Shyam Sel and Power
Limited |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
Approximately 5 (Permanent) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
Union Bank, New Alipore
Branch ·
Oriental Bank of Commerce, Raniganj
Branch ·
HDFC Bank Limited, Ganesh
Chandra Avenue Branch ·
Canara Bank, Durgapur Branch |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Approached them for Rs.6.000 millions Cash Credit and Rs.1.500 millions Bank Guarantee – From Union Bank)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vidisha and Company Chartered Accountants |
|
Address : |
419, City Centre, 19, Synagogue Street, Kolkata
– 700 001, West Bengal, India |
|
Tel. No.: |
91-33-22311473 |
|
E-Mail : |
CAPITAL STRUCTURE
AS ON 31.03.2013
|
Capital Account |
Amount
(Rs. in millions) |
Amount
(Rs. in millions) |
|
As per Last Year
|
0.944 |
|
|
Add: Net Profit |
0.583 |
|
|
|
1.527 |
|
|
|
|
|
|
Less: Capital
Withdrawn |
0.204 |
|
|
Drawings |
0.220 |
|
|
TDS Written off
(05-06) |
0.002 |
|
|
TDS Written off
(07-08) |
0.059 |
1.042 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor’s Capital |
1.042 |
0.944 |
0.479 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.042 |
0.944 |
0.479 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
(0.006) |
0.267 |
1.177 |
|
|
2] Unsecured Loans |
0.798 |
0.498 |
0.000 |
|
|
TOTAL BORROWING |
0.792 |
0.765 |
1.177 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1.834 |
1.709 |
1.656 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.579 |
0.590 |
0.695 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
1.039
|
1.573 |
0.250 |
|
|
Cash & Bank Balances |
0.198
|
0.301 |
0.469 |
|
|
Other Current Assets |
0.499
|
0.101 |
0.291 |
|
|
Loans, Advances & Deposits |
1.855
|
0.000 |
0.000 |
|
Total
Current Assets |
3.591
|
1.975 |
1.010 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.611
|
0.805 |
0.000 |
|
|
Other Current Liabilities & Provisions |
0.725
|
0.051 |
0.049 |
|
Total
Current Liabilities |
2.336
|
0.856 |
0.049 |
|
|
Net Current Assets |
1.255
|
1.119 |
0.961 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1.834 |
1.709 |
1.656 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
14.148 |
9.143 |
10.124 |
|
|
|
Other Income |
6.901 |
0.004 |
0.000 |
|
|
|
TOTAL |
21.049 |
9.147 |
10.124 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Transporting Paid |
13.217 |
8.066 |
8.681 |
|
|
|
Deduction/ Discount on Bill |
1.440 |
0.031 |
0.292 |
|
|
|
Fooding/ Mess Expenses |
0.108 |
0.000 |
0.000 |
|
|
|
Fuel and Lubricants |
4.280 |
0.000 |
0.000 |
|
|
|
Repairs and Maintenance |
0.086 |
0.015 |
0.004 |
|
|
|
Spare Parts |
0.290 |
0.000 |
0.000 |
|
|
|
Bank Charges |
0.005 |
0.006 |
0.007 |
|
|
|
Car Insurance |
0.025 |
0.024 |
0.000 |
|
|
|
Delay Charges |
0.006 |
0.002 |
0.001 |
|
|
|
Digital Signature Certificate Charges |
0.001 |
0.000 |
0.000 |
|
|
|
General Expenses |
0.037 |
0.020 |
0.028 |
|
|
|
Insurance (Pay Loader) |
0.026 |
0.000 |
0.000 |
|
|
|
Interest on Loan (Car) |
0.014 |
0.040 |
0.063 |
|
|
|
Office Expenses |
0.038 |
0.018 |
0.020 |
|
|
|
Printing and Stationery |
0.032 |
0.011 |
0.013 |
|
|
|
Preparation and E-Filling of Tax Audit Fees |
0.006 |
0.000 |
0.000 |
|
|
|
Salary, Bonus and Allowance |
0.589 |
0.384 |
0.260 |
|
|
|
Tax Audit Fees |
0.009 |
0.009 |
0.007 |
|
|
|
Tax and Fitness of Pay Loader |
0.008 |
0.000 |
0.000 |
|
|
|
Telephone Expenses |
0.051 |
0.039 |
0.040 |
|
|
|
Trade License |
0.000 |
0.002 |
0.005 |
|
|
|
Travelling Expenses |
0.096 |
0.021 |
0.018 |
|
|
|
Legal Fees |
0.000 |
0.010 |
0.015 |
|
|
|
Donation |
0.000 |
0.006 |
0.003 |
|
|
|
Enlistment Fee |
0.000 |
0.000 |
0.002 |
|
|
|
Late Fees on Vat Return |
0.000 |
0.000 |
0.001 |
|
|
|
Bank Interest on OD |
0.000 |
0.000 |
0.071 |
|
|
|
TOTAL |
20.364 |
8.704 |
9.531 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.685 |
0.443 |
0.593 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.102 |
0.105 |
0.125 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT /
(LOSS) |
0.583 |
0.338 |
0.468 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.77
|
3.70 |
4.62 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.12
|
3.70 |
4.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.98
|
13.18 |
27.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56
|
0.36 |
0.98 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.76
|
0.81 |
2.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.54
|
2.31 |
20.61 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
0.479 |
0.944 |
1.042 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
0.479 |
0.944 |
1.042 |
|
|
|
|
|
|
Secured Loans |
1.177 |
0.267 |
-0.006 |
|
Unsecured Loans |
0.000 |
0.498 |
0.798 |
|
Total borrowings |
1.177 |
0.765 |
0.792 |
|
Debt/Equity ratio |
2.457 |
0.810 |
0.760 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Income |
10.124 |
9.143 |
14.148 |
|
|
|
(9.690) |
54.741 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Income |
10.124 |
9.143 |
14.148 |
|
Profit |
0.468 |
0.338 |
0.583 |
|
|
4.62% |
3.70% |
4.12% |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Allied India |
0.299 |
0.000 |
|
Gautam Buchasia |
0.207 |
0.207 |
|
Saroj Buchasia |
0.292 |
0.291 |
|
Total |
0.798 |
0.498 |
-----------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF TAXABLE INCOME AND INCOME TAX THEREON
(Accounting Year
2012-2013)
MR. ARVIND
BUCHASIA
|
Particulars |
Amount (Rs. in millions) |
Amount (Rs. in millions) |
Amount (Rs. in millions) |
|
|
|
|
|
|
Income From Business |
|
|
|
|
Profit from
Proprietorship Concern S. Kumar and Co. |
|
|
0.583 |
|
|
|
|
|
|
Income from Capital Gain |
|
|
|
|
Short Term
Capital Gain |
|
|
0.004 |
|
Long Term Capital
Loss (To be Carried
Forward for Set Off) |
|
0.010 |
|
|
|
|
|
|
|
Income from Other Sources |
|
|
|
|
Bank Interest |
|
0.001 |
|
|
Interest on RD |
|
0.000 |
|
|
Dividend |
0.004 |
|
|
|
Less: Exempt u/s
10(34) |
0.004 |
Nil |
0.001 |
|
|
|
|
0.588 |
|
|
|
|
|
|
Gross Total Income |
|
|
|
|
Less: Deduction Under Chapter VIA |
|
|
|
|
U/s 80C |
|
|
|
|
LIP Paid |
|
0.009 |
|
|
U/s 80TTA |
|
|
|
|
Bank Interest |
|
0.001 |
0.010 |
|
Net Taxable
Income |
|
|
0.578 |
|
Rounded off U/S
288A |
|
|
0.578 |
|
Income Taxable at
Normal Rate |
|
0.574 |
|
|
Income Taxable at
Special Rate |
|
0.004 |
0.578 |
|
Tax at Normal
Rate |
|
0.045 |
|
|
Tax at Special
Rate |
|
0.001 |
|
|
Tax on Above |
|
|
0.046 |
|
Add: |
|
|
|
|
Education Cess @ 2% |
|
0.001 |
|
|
Higher and
Secondary Education Cess @ 1% |
|
0.000 |
0.001 |
|
Tax Payable |
|
|
0.047 |
|
Less: Tax Deducted
at Source |
|
|
0.121 |
|
Net Tax Refundable |
|
|
0.074 |
-----------------------------------------------------------------------------------------------------------------------------
CAPITAL ACCOUNT AS ON 31.03.2013
MR. ARVIND BUCHASIA
(PROPRIETOR)
|
Capital Account |
Amount
(Rs. in millions) |
Amount
(Rs. in millions) |
|
Opening Balance |
3.188 |
|
|
Add: Net Profit |
0.577 |
|
|
|
3.765 |
|
|
|
|
|
|
Less: Drawings |
0.096 |
|
|
LIC Paid |
0.009 |
|
|
TDS Written off |
0.082 |
3.578 |
ABRIDGED BALANCE SHEET
(RS.
IN MILLIONS)
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
3.578 |
3.188 |
3.030 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.578 |
3.188 |
3.030 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
2.932 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
2.932 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6.510 |
3.188 |
3.030 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.198 |
0.043 |
0.043 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.324 |
2.146 |
1.520 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.004 |
0.000 |
|
|
Cash & Bank Balances |
0.026
|
0.010 |
0.304 |
|
|
Other Current Assets |
0.060
|
0.080 |
0.069 |
|
|
Loans, Advances & Deposits |
0.903
|
0.905 |
1.093 |
|
Total
Current Assets |
0.989
|
0.999 |
1.466 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.001
|
0.000 |
(0.001) |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
0.001
|
0.000 |
(0.001) |
|
|
Net Current Assets |
0.988
|
0.999 |
1.467 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6.510 |
3.188 |
3.030 |
|
INCOME AND EXPENDITURE
ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2013
(RS.
IN MILLIONS)
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
To Bank Charges |
0.000 |
0.002 |
0.000 |
By Income From
Proprietorship Concern S. Kumar and Co. |
0.583 |
0.337 |
0.468 |
|
To Demat Charges
|
0.001 |
0.002 |
0.002 |
By Interest on RD |
0.000 |
0.000 |
0.000 |
|
To Late Fees |
0.000 |
0.001 |
0.000 |
By Remuneration Received |
0.000 |
0.060 |
0.048 |
|
To Travelling
Expenses |
0.004 |
0.000 |
0.000 |
By Dividend |
0.004 |
0.004 |
0.004 |
|
To Long Term Capital Loss |
0.010 |
0.000 |
0.000 |
By Bank Interest |
0.001 |
0.001 |
0.001 |
|
To Short Term Capital Loss |
0.000 |
0.001 |
0.000 |
By Interest on IT Refund |
0.000 |
0.012 |
0.000 |
|
To Miscellaneous Expenses |
0.000 |
0.000 |
0.002 |
By Interest on FD |
0.000 |
0.000 |
0.015 |
|
To Capital Account (Excess of Income over Expenditure
transferred) |
0.577 |
0.408 |
0.554 |
By Short Term Capital Gain |
0.004 |
0.000 |
0.005 |
|
|
|
|
|
By Long Term Capital Gain |
0.000 |
0.000 |
0.017 |
|
|
0.592 |
0.414 |
0.558 |
|
0.592 |
0.414 |
0.558 |
-----------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
·
Plant and Machinery
·
Car
·
Scooter
·
Furniture
·
Computers
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.60.09 |
|
|
1 |
Rs.102.33 |
|
Euro |
1 |
Rs.82.01 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
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 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
45 |
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.