MIRA
INFORM REPORT
|
Report Date : |
29.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
PARAMOUNT SYNTEX PRIVATE LIMITED |
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Registered
Office : |
25, Nafees Chamber 121/123, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
08.03.1996 |
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Com. Reg. No.: |
11-097972 |
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Capital
Investment / Paid-up Capital : |
Rs. 2.733 Millions |
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CIN No.: [Company Identification
No.] |
U17110MH1996PTC097972 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Textile Raw materials viz Polyester Fibers and sliver. |
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No. of Employees
: |
Not Available |
LOCATIONS
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Registered Office : |
25, Nafees Chamber 121/123, |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office : |
B-XXX-3804, Street No. 6, Hargobindpura, Opposite
Transport Nagar, |
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Tel. No.: |
91-161-2608031 / 2608032 |
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Fax No.: |
91-161-2608056 |
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E-Mail : |
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Factory : |
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Tel. No.: |
91-161-2848178 |
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Fax No.: |
91-161-2848177 |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Ranjana Arora |
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Designation : |
Director |
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Address : |
House No. 162-E, Kitchlu Nagar, |
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Date of Birth/Age : |
22.04.1949 |
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Date of Appointment : |
08.03.1996 |
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DIN No.: |
00794933 |
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Name : |
Mr. Ramesh Arora |
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Designation : |
Director |
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Address : |
162-E, Kichlu Nagar, |
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Date of Birth/Age : |
26.06.1953 |
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Date of Appointment : |
08.03.1996 |
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DIN No.: |
00795122 |
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Name : |
Mr. Puneet Arora |
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Designation : |
Director |
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Address : |
162-E, Kichlu Nagar, |
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Date of Birth/Age : |
08.05.1979 |
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Date of Appointment : |
08.01.2008 |
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DIN No.: |
01137983 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
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No. of Shares |
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Ranjana Arora |
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34000 |
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Ramesh Arora |
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188750 |
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Punnet Arora |
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34600 |
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Kum Kum Arora |
|
8000 |
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Kunal Arora |
|
8000 |
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Total |
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273350 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
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Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
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Total
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Textile Raw materials viz Polyester Fibers and sliver. |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
·
Indian Bank, Clock Tower, ·
Oriental Bank of Commerce, Industrial Finance
Branch; Ground Floor, Lotus House, Mumbai - 400020, ·
State Bank of |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Rajesh Mehru and Company Chartered Accountants |
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Address : |
2761/II, Gurdev Nagar, |
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Tel. No.: |
91-161-4613428 / 4417849 / 4673428 |
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E-Mail : |
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PAN No.: |
ABIPM4915B |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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273350 |
Equity Shares |
Rs.10/- each |
Rs. 2.733
Millions |
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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 |
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(1)Shareholders' Funds |
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(a) Share Capital |
2.733 |
2.253 |
2.253 |
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(b) Reserves & Surplus |
45.486 |
31.468 |
25.101 |
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(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
14.000 |
9.600 |
3.308 |
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Total Shareholders’ Funds (1) + (2) |
62.219 |
43.321 |
30.662 |
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(3) Non-Current
Liabilities |
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(a) long-term
borrowings |
106.462 |
26.650 |
26.279 |
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(b) Deferred tax liabilities (Net) |
3.082 |
0.983 |
0.977 |
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(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
109.544 |
27.633 |
27.256 |
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(4) Current Liabilities |
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(a)
Short term borrowings |
40.572 |
5.416 |
5.073 |
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(b)
Trade payables |
27.283 |
31.504 |
25.723 |
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(c)
Other current liabilities |
0.000 |
0.000 |
0.000 |
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(d) Short-term
provisions |
6.215 |
2.087 |
2.163 |
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Total Current
Liabilities (4) |
74.070 |
39.007 |
32.959 |
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TOTAL |
245.833 |
109.961 |
90.877 |
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II.
ASSETS |
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(1) Non-current assets |
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(a)
Fixed Assets |
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(i)
Tangible assets |
110.852 |
34.384 |
34.723 |
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(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
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(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
1.080 |
0.016 |
0.045 |
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(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current
Assets |
111.932 |
34.400 |
34.768 |
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(2) Current assets |
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
64.657 |
29.974 |
23.844 |
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(c)
Trade receivables |
28.867 |
18.857 |
23.475 |
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(d) Cash
and cash equivalents |
25.652 |
6.379 |
4.590 |
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(e)
Short-term loans and advances |
8.318 |
11.185 |
3.984 |
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(f)
Other current assets |
6.407 |
9.166 |
0.216 |
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Total
Current Assets |
133.901 |
75.561 |
56.109 |
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TOTAL |
245.833 |
109.961 |
90.877 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Income |
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Other Income |
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TOTAL |
NA |
374.767 |
357.414 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
NA |
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TOTAL |
|
362.963 |
345.724 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
11.804 |
11.690 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
5.073 |
5.245 |
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PROFIT BEFORE
TAX |
NA |
6.731 |
6.445 |
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Less |
TAX |
NA |
0.364 |
1.072 |
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PROFIT AFTER TAX
|
NA |
6.367 |
5.373 |
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PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
21.118 |
15.847 |
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BALANCE CARRIED
TO THE B/S |
NA |
27.485 |
21.118 |
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Earnings Per
Share (Rs.) |
NA |
28.26 |
23.85 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA |
1.70 |
1.50 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
6.12 |
7.09 |
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Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.16 |
0.21 |
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Debt Equity Ratio (Total Debt/Networth) |
|
2.36 |
0.75 |
1.02 |
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Current Ratio (Current Asset/Current Liability) |
|
1.81 |
1.93 |
1.70 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last two 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 |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
No |
|
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] |
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10342701 |
15/06/2013 * |
85,000,000.00 |
INDIAN BANK |
CLOCK TOWER, LUDHIANA, PUNJAB - 141001, INDIA |
B77950269 |
|
2 |
10342646 |
25/02/2012 |
1,500,000.00 |
INDIAN BANK |
CLOCK TOWER, LUDHIANA, PUNJAB - 141001, INDIA |
B35204148 |
|
3 |
10342706 |
25/02/2012 |
4,000,000.00 |
INDIAN BANK |
CLOCK TOWER, LUDHIANA, PUNJAB - 141001, INDIA |
B35232313 |
|
4 |
10342670 |
25/02/2012 |
20,000,000.00 |
INDIAN BANK |
CLOCK TOWER, LUDHIANA, PUNJAB - 141001, INDIA |
B35212042 |
|
5 |
10342702 |
25/02/2012 |
81,500,000.00 |
INDIAN BANK |
CLOCK TOWER, LUDHIANA, PUNJAB - 141001, INDIA |
B35230457 |
|
6 |
90158327 |
04/08/2009 * |
49,859,000.00 |
STATE BANK OF PATIALA |
MILLER GANJ, LUDHIANA, PUNJAB - 141003, INDIA |
A67493296 |
* Date of charge modification
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.61.35 |
|
UK Pound |
1 |
Rs.98.93 |
|
Euro |
1 |
Rs.77.92 |
INFORMATION DETAILS
|
Report Prepared
by : |
ANK |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.