MIRA
INFORM REPORT
|
Report Date : |
08.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
HARMONY ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
126, Fortune Estate, Hadapsar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
30.05.2003 |
|
|
|
|
Com. Reg. No.: |
11-140657 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 100.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH2003PTC140657 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Chemicals. |
|
|
|
|
No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The management has failed to file its financial record with government
department since 2012. As per previous financial record of 2011, the company has incurred a
hug accumulated loss which has eroded net worth of the company. Business is active. Payment terms are unknown. The company can be considered for business dealings on safe and
secured 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
N E W S
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 wih 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. Nand Kumar Iyer |
|
Designation : |
Manager |
|
Contact No.: |
91-8600100630 |
|
Date : |
03.07.2014 |
LOCATIONS
|
Registered Office : |
126, Fortune Estate, Hadapsar, Pune Solapur Road, Pune -
411028, Maharashtra, India |
|
Tel. No.: |
91-20-64014765 |
|
Mobile No.: |
91-8600100630 (Nand Kumar) |
|
Fax No.: |
91-20-26509021 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
D-5, Kurkumbh Industrial Estate, MIDC, Tal.-Daund, Pune Solapur Road,
Maharashtra, India |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Prithi Paul Singh Sethi |
|
Designation : |
B-23, Atur Park, Chembur, Mumbai-4000071, Maharashtra, India |
|
Address : |
Director |
|
Date of Birth/Age : |
09.08.1954 |
|
Date of Appointment : |
30.05.2003 |
|
DIN No.: |
00076689 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP
Status |
Defaulting status |
|
1 |
U24231UP1992PLC014636 |
NIXCIL PHARMACEUITICALS
SPECIALITIES LIMITED |
Director |
11/8/1992 |
11/8/1992 |
29/03/2012 |
Active |
NO |
|
2 |
U17225DL1997PLC087010 |
BASIL
INTERNATIONAL LIMITED |
Director |
1/5/1997 |
1/5/1997 |
5/9/2005 |
Active |
NO |
|
3 |
U51311DL1996PLC083297 |
VAMSHI CHEMICALS
LIMITED |
Director |
19/12/2001 |
26/12/1997 |
29/03/2012 |
Active |
NO |
|
4 |
U24110MH2003PTC140657 |
HARMONY ORGANICS
PRIVATE LIMITED |
Director |
30/05/2003 |
30/05/2003 |
- |
Active |
NO |
|
5 |
U24100MH1970PTC014589 |
GREEN TECH RESEARCH
CHEM PRIVATE LIMITED |
Director |
1/11/2005 |
1/11/2005 |
1/8/2009 |
Active |
NO |
|
6 |
U70101MH1998PTC114521 |
YASHRAJ
PROPERTIES PRIVATE LIMITED |
Director |
1/11/2005 |
1/11/2005 |
5/9/2009 |
Active |
NO |
|
7 |
U74210UP1989PLC021381 |
PETRON INTERNATIONAL
(INDIA) LIMITED |
Director |
5/11/2005 |
5/11/2005 |
5/11/2005 |
Active |
|
|
8 |
U92120MH2006PTC158937 |
EDEX PRODUCTION
AND BROADCASTING PRIVATE LIMITED |
Director |
17/01/2006 |
17/01/2006 |
27/01/2010 |
Active |
NO |
|
9 |
U99999MH1998PTC114940 |
KRISHNA MATTA
DUDH DAIRY PRIVATE LIMITED |
Director |
26/04/2011 |
12/6/2006 |
24/03/2012 |
Active |
NO |
|
10 |
U25190MH1968PTC014130 |
SUDHAGAD RUBER
INDUSTRIES PRIVATE LIMITED |
Director |
24/06/2006 |
24/06/2006 |
16/05/2011 |
Active |
NO |
|
11 |
U74999MH2007PTC168938 |
EDEX DISPLAY MART
PRIVATE LIMITED |
Director |
23/01/2014 |
17/03/2007 |
- |
Active |
NO |
|
12 |
U74999MH2007PLC168920 |
KEYPROTECT
INSURANCE SERVICES LIMITED |
Director |
17/03/2007 |
17/03/2007 |
3/10/2009 |
Active |
NO |
|
13 |
U66030UP2007PLC033055 |
KEYTRADE
INSURANCE CONSULTANCY LIMITED |
Director |
23/03/2007 |
23/03/2007 |
25/06/2009 |
Active |
NO |
|
14 |
U51109UP1984PLC006714 |
MILANI TECHNO
ENGINEERING LIMITED. |
Director |
25/04/2011 |
24/03/2007 |
29/03/2012 |
Active |
NO |
|
15 |
U65910MH1997PTC108737 |
TASHE HOLDINGS
PRIVATE LIMITED |
Director |
30/03/2007 |
30/03/2007 |
28/03/2010 |
Active |
NO |
|
16 |
U36999WB1964PTC026189 |
EAGLE EMPORIUM
PVT LTD |
Director |
1/9/2007 |
1/9/2007 |
9/4/2012 |
Active |
NO |
|
17 |
U51909WB1995PTC067217 |
MAX-COT MERCHANTS
PVT LTD |
Director |
1/9/2007 |
1/9/2007 |
7/4/2012 |
Active |
NO |
|
18 |
U67190DL1964PLC004149 |
LYCA FINANCE
LIMITED |
Director |
10/3/2008 |
10/3/2008 |
24/03/2012 |
Active |
NO |
|
19 |
U72900DL1999PLC098804 |
TOGO RETAIL
MARKETING LIMITED |
Director |
29/09/2008 |
17/05/2008 |
15/06/2011 |
Active |
NO |
|
20 |
U24219UP1993PLC015421 |
EBYSS FIBER 2
FASHION LIMITED |
Director |
29/09/2008 |
20/05/2008 |
29/03/2012 |
Active |
NO |
|
21 |
U41000MH2001PLC130956 |
GREENEARTH
AQUASOFT LIMITED |
Director |
4/8/2008 |
4/8/2008 |
16/05/2011 |
Active |
NO |
|
22 |
U67200PB2003PLC025896 |
MULTI-EX LIFECARE
INSURANCE SERVICES LIMITED |
Additional
director |
11/3/2011 |
2/9/2008 |
15/06/2011 |
Active |
NO |
|
23 |
U51397MH2001PTC131435 |
APPELINE
PHARMACEUTICALS PRIVATE LIMITED |
Director |
2/9/2008 |
2/9/2008 |
26/09/2009 |
Active |
NO |
|
24 |
U15440PN1996PTC097674 |
EFIRE FLAME FOOD
AND BEVERAGES PRIVATE LIMITED |
Additional
director |
20/02/2009 |
20/02/2009 |
1/8/2009 |
Active |
NO |
|
25 |
U24236UP1986PLC008436 |
JAIG POLYMERS
LIMITED |
Additional
director |
22/07/2009 |
22/07/2009 |
29/03/2012 |
Active |
NO |
|
26 |
U14291OR2007PTC009417 |
LUCENT DIAMONDS
PRIVATE LIMITED |
Director |
30/10/2009 |
30/10/2009 |
24/03/2012 |
Active |
NO |
|
27 |
U51109UP2007PTC033256 |
ANISTO INSURANCE
SERVICES PRIVATE LIMITED |
Director |
15/03/2010 |
15/03/2010 |
24/03/2012 |
Active |
NO |
|
28 |
U72900DL1998PTC092237 |
EDEX TECHNOLOGY
PRIVATE LIMITED |
Director |
5/4/2011 |
5/4/2011 |
2/5/2011 |
Active |
NO |
|
29 |
U11301UP1988PTC009658 |
O D S ESTATE AND
AGRO FARMS PRIVATE LIMITED |
Director |
18/04/2011 |
18/04/2011 |
24/03/2012 |
Active |
NO |
|
30 |
U15420MH2004PLC144433 |
PETRON SUGAR AND
DISTILLARIES LIMITED |
Additional
director |
25/04/2011 |
25/04/2011 |
29/03/2012 |
Active |
NO |
|
31 |
U51103UP1996PTC020222 |
PRESTO FINCAP AND
LEASING PRIVATE LIMITED |
Director |
25/04/2011 |
25/04/2011 |
24/03/2012 |
Active |
NO |
|
32 |
U51103UP1996PTC020221 |
RICHEL FINLEASE
AND INVESTMENT PRIVATE LIMITED |
Director |
25/04/2011 |
25/04/2011 |
24/03/2012 |
Active |
NO |
|
Name : |
Mr. Ravi Kumar Chamanlal Nangia |
|
Designation : |
Director |
|
Address : |
101, Vivek Co-oprative Housing Sciety, Sheetal Nagar, Kandivali
(East), Mumbai-400101, Maharshtra, India |
|
Date of Birth/Age : |
24.08.1949 |
|
Date of Appointment : |
30.05.2003 |
|
DIN No.: |
00324236 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the Director/ Designated Partner |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U01110MH1984PTC033344 |
ENCER FRAGRANCES PRIVATE LIMITED |
Director |
4/7/1984 |
4/7/1984 |
- |
Active |
NO |
|
2 |
U17120MH1990PTC057045 |
STANDARD SYNTHETICS PRIVATE LIMITED |
Director |
27/06/1990 |
27/06/1990 |
- |
Active |
NO |
|
3 |
U24110MH2003PTC140657 |
HARMONY ORGANICS PRIVATE LIMITED |
Director |
30/05/2003 |
30/05/2003 |
- |
Active |
NO |
|
4 |
U24100MH2004PLC144643 |
HARMONY BIOTECH LIMITED (CN) |
Director |
23/02/2004 |
23/02/2004 |
- |
Active |
NO |
|
5 |
U73100TG2011PTC073529 |
CRYSTALIN RESEARCH PRIVATE LIMITED |
Managing director |
8/4/2011 |
28/03/2011 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Nand Kumar Iyer |
|
Designation : |
Manager |
|
|
|
|
Name : |
Mr. Nilesh Thakur |
|
Designation : |
Factory Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Prithi Paul Singh Sethi |
5000 |
|
Ravi Kumar Chamanlal Nangia |
5000 |
|
TOTAL |
10000 |
As on 30.03.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Chemicals. |
|
|
|
|
Products : |
· Cinnamic Aldehyde · Citronellol from Citronellal · Contract Manufacturing · Methyl Pentonone · Para Anisic Aldehyde - PG · Para Cresyl Methyl Ether - PG · Phenoxy Ethanol - PG · Phenoxy Ethyl Isobutyrate · Phenyl Ethyl Acetate · Phenyl Ethyl Alcohol · Phenyl Ethyl Methyl Ether · Phenylacetaldehyde Iso Amyl ether · Styrallyl Acetate · Styrene Oxide |
|
|
|
|
Exports : |
|
|
Products : |
Finish Goods |
|
Countries : |
Europe |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Cheque and Credit |
|
|
|
|
Purchasing : |
Cash, Cheque and Credit |
GENERAL INFORMATION
|
No. of Employees : |
80 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Bank of India, Chembur Branch, Chembur Naka, RC Marg, Mumbai,
Maharashtra, india |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
A. M. Solanki AND Associates Chartered Accountants |
|
Address : |
302, Rajgruh, Opp. Axis Bank, Subhash Road, Vile Parle (East),
Mumbai-400057, Maharashtra, India |
|
Tel. No.: |
91-22-26827301 / 2 / 3 |
|
Fax No.: |
91-22-26827304 |
|
E-Mail : |
|
|
PAN No.: |
AAAFA0434G |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
11.334 |
11.334 |
11.334 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(12.941) |
(12.785) |
(8.220) |
|
|
NETWORTH |
(1.507) |
(1.351) |
3.214 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
19.349 |
22.753 |
24.244 |
|
|
2] Unsecured Loans |
3.302 |
3.968 |
3.333 |
|
|
TOTAL BORROWING |
22.651 |
26.721 |
27.578 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
21.144 |
25.370 |
30.791 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
27.095 |
26.191 |
27.774 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.762
|
1.821 |
1.555 |
|
|
Sundry Debtors |
2.623
|
4.494 |
3.896 |
|
|
Cash & Bank Balances |
0.172
|
0.274 |
0.894 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
5.894
|
4.179 |
3.819 |
|
Total
Current Assets |
13.451
|
10.768 |
10.164 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000 |
0.000 |
0.000 |
|
|
Other Current Liabilities |
18.265
|
10.321 |
7.147 |
|
|
Provisions |
1.137
|
1.268 |
0.000 |
|
Total
Current Liabilities |
19.402
|
11.589 |
7.147 |
|
|
Net Current Assets |
(5.951)
|
(0.821) |
3.017 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
21.144 |
25.370 |
30.791 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
44.047 |
27.187 |
17.970 |
|
|
|
Other Income |
0.058 |
0.018 |
1.080 |
|
|
|
TOTAL (A) |
44.105 |
27.205 |
19.050 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
10.264 |
7.557 |
4.211 |
|
|
|
Administrative and Other Expenses |
27.581 |
17.972 |
14.787 |
|
|
|
TOTAL (B) |
37.845 |
25.529 |
18.998 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6.260 |
1.676 |
0.052 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.245 |
3.309 |
2.851 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.015 |
(1.633) |
(2.799) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
3.170 |
2.932 |
2.669 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(0.155) |
(4.565) |
(5.468) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(0.155) |
(4.565) |
(5.468) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(12.784) |
(8.220) |
(2.697) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(12.939) |
(12.785) |
(8.220) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(1.55) |
(45.65) |
(54.68) |
|
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Sales Turnover (Approximately) |
|
250.000 |
140.000 |
|
|
|
|
|
Expected Sales (2014-15) : Rs. 420.000 Millions
The above information has been parted by Mr. Nand Kumar Iyer (Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(0.35) |
(16.78) |
(28.70) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(0.35) |
(16.79) |
(30.43) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.38)
|
(12.35) |
(0.14) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
3.37 |
(2.55) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(15.03)
|
(19.77) |
8.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.69
|
0.92 |
1.42 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Share Application Money |
11.334 |
11.334 |
11.334 |
|
(Accumulated Losses) |
(8.220) |
(12.785) |
(12.941) |
|
Net
worth |
3.214 |
(1.351) |
(1.507) |
|
|
|
|
|
|
Secured Loans |
24.244 |
22.753 |
19.349 |
|
Unsecured Loans |
3.333 |
3.968 |
3.302 |
|
Total
borrowings |
27.577 |
26.721 |
22.651 |
|
Debt/Equity
ratio |
8.580 |
(19.779) |
(15.031) |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
17.970 |
27.187 |
44.047 |
|
|
|
51.291 |
62.015 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
17.970 |
27.187 |
44.047 |
|
Profit / (Loss) |
(5.468) |
(4.565) |
(0.155) |
|
|
(30.43)% |
(16.79)% |
(0.35)% |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
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 |
No |
Note:
The registered office of the company has been shifted from
B-23 Atur Park, Near Maitri Park, Sion-Trombay Road, Chembur, Mumbai-400071,
Maharashtra, India to present address
UNSECURED LOAN
(Rs. In Millions)
|
Particulars |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Loans – From Directors / Shareholders /Relatives |
3.302 |
3.968 |
|
Total |
3.302 |
3.968 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10052836 |
06/09/2008 * |
27,500,000.00 |
BANK OF INDIA |
CHEMBUR BRANCH,, CHEMBUR NAKA, RC MARG, MUMBAI-
400077, |
A46151932 |
|
2 |
10052879 |
06/09/2008 * |
27,500,000.00 |
BANK OF INDIA |
CHEMBUR BRANCH, CHEMBUR NAKA, RC MARG, MUMBAI-
400077, |
A46152609 |
* Date of charge modification
FIXED ASSETS
·
Leasehold Land
·
Computer
·
Office Equipments
·
Cost of Civil
Construction
·
Electrical Installation
·
Furniture and Fixture
·
Plant and Machinery
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 pyments 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. 59.94 |
|
|
1 |
Rs.102.78 |
|
Euro |
1 |
Rs. 81.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
ASH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
12 |
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.