1. Summary Information
|
|
|
Country |
India |
|
Company Name |
SWADESHI MARKETING PRIVATE LIMITED |
Principal Name 1 |
Mr. Sanjay Rasiwasia |
|
Status |
Moderate |
Principal Name 2 |
Mr. Aditya Ishwardas Rasiwasia |
|
|
|
Registration # |
11-020074 |
|
Street Address |
6/63, Mittal Tower, B Wing, Nariman Point, Mumbai-400021, Maharashtra |
||
|
Established Date |
12.01.1978 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Importer |
|
Fax # |
Not Available |
Business Style 2 |
Trader |
|
Homepage |
Product Name 1 |
Lubricants |
|
|
# of employees |
20 [Approximately] |
Product Name 2 |
Speciality Waxes |
|
Paid up capital |
Rs.5.565
Millions |
Product Name 3 |
Microcrystalline Waxes |
|
Shareholders |
Bodies corporate 67.38%, Directors or relatives of directors 28.93%,
Other top fifty shareholders 3.69% |
Banking |
Bank of
India |
|
Public Limited Corp. |
No |
Business Period |
36 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates
|
-- |
Assam Wood Products
Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
69,172,000 |
Current Liabilities |
31,266,000 |
|
Inventories |
45,498,000 |
Long-term Liabilities |
64,888,000 |
|
Fixed Assets |
17,382,000 |
Other Liabilities |
37,000 |
|
Deferred Assets |
000 |
Total Liabilities |
96,191,000 |
|
Invest& other Assets |
3,673,000 |
Retained Earnings |
33,969,000 |
|
|
|
Net Worth |
39,534,000 |
|
Total Assets |
135,725,000 |
Total Liab. & Equity |
135,725,000 |
|
Total Assets (Previous Year) |
167,904,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales/ Total Income |
442,461,000 |
Net Profit |
3,559,000 |
|
Sales(Previous yr)/ Total Income |
536,227,000 |
Net Profit(Prev.yr) |
3,811,000 |
MIRA
INFORM REPORT
|
Report Date : |
05.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
SWADESHI MARKETING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6/63, Mittal Tower, B Wing, Nariman Point, Mumbai-400021, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
12.01.1978 |
|
|
|
|
Com. Reg. No.: |
11-020074 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.5.565
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1978PTC020074 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importer and Trader of Lubricants, Speciality Waxes, Microcrystalline
Waxes, Micro Waxes, Base Oil, etc. |
|
|
|
|
No. of Employees
: |
20 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 158000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The company possesses a moderate financial profile marked by
acceptable networth base. Management has reported a significant dip in its turnover and reported
thin profitability margins owning to the trading nature of its operations. The ratings also take into consideration the modest working capital
intensive operations along with deterioration in its cash balance during
2013. However, trade relations seems to be fair. Business is active. Payment
terms are reported as slow but correct. In view of long standing presence, the subject 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.
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may grow
4.7 % in the current financial year, lower than the official estimate of 4.9 %,
Fitch Rating said. The global rating agency expects the economy to pick up in
the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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. M. Das |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-33-24746786 |
|
Date : |
22.04.2014 |
LOCATIONS
|
Registered / Head Office : |
6/63, Mittal Tower, B Wing, Nariman Point, Mumbai-400021, Maharashtra,
India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
No. 11-A, Classic Tower, 56, Gariahat Road, Kolkata-700019, West
Bengal, India |
|
Tel. No.: |
91-33-24746786/24746807 |
|
Fax No.: |
91-33-24746807 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Sanjay Rasiwasia |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
10A, Classic Tower, 56, Gariahat Road, Kolkata-700019, West Bengal,
India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.08.1969 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.12.1989 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00423866 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Aditya Ishwardas Rasiwasia |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
2/6, Darya Mahal, Nepean Sea Road, Mumbai-400006, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.01.1980 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.10.2000 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
01106283 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. M. Das |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Anupam Sanjay Rasiwasia |
|
1200 |
|
Sweta Aditya Rasiwasia |
|
1000 |
|
Sundeep Agarwal |
|
1000 |
|
Anju Agarwal |
|
1000 |
|
Sri Ishwardas Agarwal HUF |
|
1000 |
|
Dimention Mercantile Private Limited, India |
|
2000 |
|
Bee Dee Traders Private Limited, India |
|
1500 |
|
Gupta Holdings Private Limited, India |
|
1000 |
|
Daisy Abhra Private Limited, India |
|
3000 |
|
Sheetal Dealers Private Limited, India |
|
2000 |
|
Aditya Ishwardas Rasiwasia |
|
2000 |
|
Bhoomi Tie-up Private Limited, India |
|
8000 |
|
Build Con Finance Limited, India |
|
4000 |
|
Abhyudaya Builders Private Limited, India |
|
4000 |
|
Nirdesh Trading Private Limited, India |
|
4000 |
|
Arnab Properties Private Limited, India |
|
4000 |
|
Sneha Residency Private Limited, India |
|
4000 |
|
Sanjay Ishwardas Agarwal |
|
2050 |
|
Ishwardas Laxmichand Agarwal |
|
4902 |
|
Bimladevi Ishwardas Agarwal |
|
4000 |
|
|
|
|
|
TOTAL
|
|
55652 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
67.38 |
|
Directors
or relatives of directors |
|
28.93 |
|
Other
top fifty shareholders |
|
3.69 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer and Trader of Lubricants, Speciality Waxes, Microcrystalline
Waxes, Micro Waxes, Base Oil, etc. |
|
|
|
|
Imports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
Korea ·
Taiwan ·
UAE |
|
|
|
|
Terms : |
|
|
Selling : |
Depend |
|
|
|
|
Purchasing : |
Depend |
GENERAL INFORMATION
|
Customers : |
Others |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
20 [Approximately] |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank of India, Kolkata SME Branch, 23a,
Netaji Subhas Road, Kolkata - 700001, West Bengal, India ·
Bank of Baroda |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J Jain and Company Chartered Accountants |
|
Address : |
23A, Netaji Subhas Road, 11th Floor, Room No. 44,
Kolkata-700001, West Bengal, India |
|
PAN No: |
AABFJ8069K |
|
|
|
|
Associates : |
·
Chandri Paper and Allied Products Private Limited ·
Bhoomi Tie Up Private Limited ·
Swadeshi Marketing Private Limited ·
Assam Wood Products Private Limited ·
Sunshine Plywood Private Limited ·
Bengal Brahamputra Realty Limited ·
Gurumuha Housing Private Limited ·
Bhoomie Tie-up Private Limited ·
Sunflower Tower Private Limited ·
Moriya Properties Private Limited ·
Labeshwari Realtors Private Limited ·
Rungta Irrigation Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
110000 |
Equity Shares |
Rs.100/- each |
Rs.11.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
55652 |
Equity Shares |
Rs.100/-
each |
Rs.5.565
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5.565 |
5.565 |
2.765 |
|
(b) Reserves & Surplus |
33.969 |
30.410 |
15.399 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
39.534 |
35.975 |
18.164 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
13.328 |
4.623 |
27.224 |
|
(b) Deferred tax liabilities (Net) |
0.037 |
0.095 |
0.075 |
|
(c) Other long term liabilities |
2.598 |
1.728 |
1.728 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
15.963 |
6.446 |
29.027 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
51.560 |
48.972 |
72.863 |
|
(b) Trade payables |
26.068 |
75.865 |
9.401 |
|
(c) Other current liabilities |
2.600 |
0.645 |
0.348 |
|
(d) Short-term provisions |
0.000 |
0.001 |
0.017 |
|
Total Current Liabilities (4) |
80.228 |
125.483 |
82.629 |
|
|
|
|
|
|
TOTAL |
135.725 |
167.904 |
129.820 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
17.382 |
15.733 |
9.999 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
3.673 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
1.489 |
1.513 |
0.742 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
22.544 |
17.246 |
10.741 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
45.498 |
45.174 |
56.378 |
|
(c) Trade receivables |
41.989 |
62.236 |
21.222 |
|
(d) Cash and cash equivalents |
13.369 |
36.363 |
38.873 |
|
(e) Short-term loans and advances |
9.743 |
5.906 |
0.020 |
|
(f) Other current assets |
2.582 |
0.979 |
2.586 |
|
Total Current Assets |
113.181 |
150.658 |
119.079 |
|
|
|
|
|
|
TOTAL |
135.725 |
167.904 |
129.820 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
442.461 |
536.227 |
503.425 |
|
|
|
Other Income |
13.230 |
6.112 |
4.575 |
|
|
|
TOTAL |
455.691 |
542.339 |
508.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
443.874 |
532.851 |
501.401 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
11.817 |
9.488 |
6.599 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
4.994 |
3.094 |
0.975 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
6.823 |
6.394 |
5.624 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.742 |
1.213 |
0.697 |
|
|
|
|
|
|
|
|
|
Less/ Add |
PRIOR PERIOD
ITEM – MEMBERSHIP EXPENSES |
0.186 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
4.895 |
5.181 |
4.927 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.336 |
1.370 |
1.191 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
3.559 |
3.811 |
3.736 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
11.410 |
7.599 |
3.863 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
14.969 |
11.410 |
7.599 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchase |
83.860 |
98.536 |
91.682 |
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
63.95 |
137.02 |
134.29 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover [Approximately] |
|
|
600.000 |
The above information has been parted by Mr. M. Das.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.78
|
0.70 |
0.74 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.11
|
0.97 |
0.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.71
|
3.09 |
3.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.14 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.64
|
1.49 |
5.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41
|
1.20 |
1.44 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
2.765 |
5.565 |
5.565 |
|
Reserves & Surplus |
15.399 |
30.410 |
33.969 |
|
Net worth |
18.164 |
35.975 |
39.534 |
|
|
|
|
|
|
long-term borrowings |
27.224 |
4.623 |
13.328 |
|
Short term borrowings |
72.863 |
48.972 |
51.560 |
|
Total borrowings |
100.087 |
53.595 |
64.888 |
|
Debt/Equity ratio |
5.510 |
1.490 |
1.641 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
503.425 |
536.227 |
442.461 |
|
|
|
6.516 |
-17.486 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
503.425 |
536.227 |
442.461 |
|
Profit |
3.736 |
3.811 |
3.559 |
|
|
0.74% |
0.71% |
0.80% |
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 |
Yes |
|
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 |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
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 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10240856 |
10/04/2012 * |
135,000,000.00 |
BANK OF INDIA |
KOLKATA SME BRANCH, 23A,
NETAJI SUBHAS ROAD, KOLKATA - 700001, West Bengal, INDIA |
B40475832 |
* Date of charge modification
FINANCIAL PERFORMANCE:
During the year, the Company
operating revenue has decreased by 21.19% to Rs. 442.461 Millions as compared
to Rs. 536.227 Millions during the preceding year. Profit after tax has also
decreased by Rs.0.252 Million to Rs. 3.559 Millions as compared to Rs. 3.811
Millions during the preceding year.
|
Unsecured Loan |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
From Directors and Relatives |
2.495 |
0.000 |
|
From Body Corporate |
7.900 |
3.800 |
|
TOTAL
|
10.395 |
3.800 |
FIXED ASSETS:
·
Land
·
Electric Goods
·
Flat at Malad
·
Shop at New Mumbai
·
Computer
·
Shed and Building
·
Motor Car
·
Furniture
·
Air Conditioner
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.23 |
|
|
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.