MIRA INFORM REPORT
|
Report No. : |
356664 |
|
Report Date : |
31.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
JANI SALES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C 57-58, Raj Industrial Estate, Off. Marol, Maroshi Road,
Military Road, Andheri [East], Mumbai – 400059, Maharashtra |
|
Tel. No.: |
91-22-29251488 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2015 |
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|
|
|
Date of
Incorporation : |
25.05.1988 |
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|
|
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Com. Reg. No.: |
11-047466 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 30.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1988PTC047466 |
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|
|
|
IEC No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACJ0904H |
|
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Trader of all types of Papers and Paper Boards. (Registered Activity) |
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|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1988, and it is promoted by Mr. Saifee
Jani. It trades in duplex paper boards and specialty paper. The company has
marketing and sales offices in Mumbai, Silvassa, Gujarat, Panchkula, Haryana
and Baddi, Himachal Pradesh. Rating reflects company’s established position in the paper distribution
market due to its strong relationship with principals and low inventory risk. This strength is partially offset by the company’s average financial
risk profile and noted debt protection metrics, and moderately
working-capital intensive operations. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. In view of aforesaid, the company 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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term = BB+ |
|
Rating Explanation |
Inadequate-credit-quality and high credit
risk. |
|
Date |
December 18, 2015 |
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
31-03-2015.
INFORMATION DECLINED BY
|
Name : |
Mr. Fakrauddin |
|
Designation : |
Finance Head |
|
Contact No.: |
91-22-26731488 |
|
Date : |
25.12.2015 |
LOCATIONS
|
Registered/ Corporate Office : |
C 57-58, Raj Industrial Estate, Off. Marol, Maroshi Road, Military
Road, Andheri [East], Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-29251488 |
|
Fax No.: |
91-22-29251499 |
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E-Mail : |
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|
Website : |
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Godowns : |
Located at: · Sakinaka – Andheri · Baddi – Himachal Pradesh |
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Excise Godown : |
Located at: · Bhiwandi – District Thane |
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Branch Offices : |
Located at: · Vapi · Solan · Panchkula |
DIRECTORS
AS ON 30.09.2015
|
Name : |
Saifee Abbasbhai Jani |
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|
Designation : |
Director |
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|
Address : |
1401 / C, Sky Gardens, III Lokhandwala Complex, Andheri
(West), Mumbai - 400053, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.07.1960 |
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Qualification : |
B. Com |
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Date of Appointment : |
25.05.1988 |
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PAN No.: |
AABPJ3153C |
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DIN No.: |
01094817 |
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Other Directorship :
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Farzana Saifee Jani |
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|
Designation : |
Director |
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|
Address : |
1401 / C, Sky Gardens, III Lokhandwala Complex, Andheri (West),
Mumbai - 400053, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.01.1962 |
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|
Qualification : |
B. Com |
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|
Date of Appointment : |
25.05.1988 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AABPJ3154F |
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DIN No.: |
01749474 |
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Other Directorship :
|
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Abiali Saifee Jani |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
1401 / C, Sky Gardens, III Lokhandwala Complex, Andheri
(West), Mumbai - 400053, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.10.1987 |
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|
Qualification : |
B. Com |
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|
Date of Appointment : |
29.09.2011 |
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PAN No.: |
AGTPJ5344H |
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DIN No.: |
03307274 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Fakrauddin |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2015
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Saifee Abbasbhai Jani |
119940 |
39.98 |
|
Farzana Saifee Jani |
60060 |
20.02 |
|
Abiali Saifee Jani |
120000 |
40.00 |
|
|
|
|
|
Total |
300000 |
100.00 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of all types of Papers and Paper Boards. (Registered Activity) |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Development Credit Bank Limited 601 and 602, Peninsula Business Park, 6th floor, Tower A, Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra, India · Bombay Mercantile Co-Operative Bank Limited Kemps Corner Branch, Om Chambers, August Kranti Marg, Mumbai - 400036, Maharashtra, India · State Bank of India Goregaon East Branch, APSM Building, 12, Jay Prakash Nagar, JP Road No. 2 Goregaon East, Mumbai - 400063, Maharashtra, India
|
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Madlani and Vithlani Chartered Accountants |
|
Address : |
302, Champaklal Udyog Bhavan, Plot 105, Next to Sion Telephone Exchange, Sion [East], Mumbai – 400022, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAPEM7616E |
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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Associates : |
· Westend Paper and Board LLP · Maimoon Impex LLP |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350,000 |
Equity Shares |
Rs. 100/- each |
Rs. 35.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300,000 |
Equity Shares |
Rs. 100/- each |
Rs. 30.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
30.000 |
30.000 |
30.000 |
|
(b) Reserves & Surplus |
190.106 |
172.107 |
134.388 |
|
(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) |
220.106 |
202.107 |
164.388 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
4.750 |
7.529 |
14.248 |
|
(b) Deferred tax liabilities (Net) |
3.136 |
4.204 |
3.703 |
|
(c)
Other long term liabilities |
3.910 |
40.854 |
24.684 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
11.796 |
52.587 |
42.635 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
423.254 |
224.666 |
202.744 |
|
(b)
Trade payables |
216.394 |
264.282 |
237.094 |
|
(c)
Other current liabilities |
22.401 |
17.781 |
12.163 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
662.049 |
506.729 |
452.001 |
|
|
|
|
|
|
TOTAL |
893.951 |
761.423 |
659.024 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
58.559 |
53.090 |
58.430 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
2.763 |
24.501 |
4.075 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
27.113 |
25.072 |
22.778 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
88.435 |
102.663 |
85.283 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
164.484 |
115.020 |
78.701 |
|
(c)
Trade receivables |
628.361 |
529.779 |
457.828 |
|
(d)
Cash and cash equivalents |
10.189 |
10.750 |
25.853 |
|
(e)
Short-term loans and advances |
2.157 |
2.765 |
10.244 |
|
(f)
Other current assets |
0.325 |
0.446 |
1.115 |
|
Total
Current Assets |
805.516 |
658.760 |
573.741 |
|
|
|
|
|
|
TOTAL |
893.951 |
761.423 |
659.024 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
3031.176 |
2814.615 |
|
|
|
|
Other Income |
1.485 |
1.616 |
|
|
|
|
TOTAL (A) |
3032.661 |
2816.231 |
2307.039 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
2874.525 |
2668.264 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(49.464) |
(36.319) |
|
|
|
|
Employees benefits expense |
26.212 |
22.527 |
|
|
|
|
Other expenses |
98.571 |
91.425 |
|
|
|
|
TOTAL (B) |
2949.844 |
2745.897 |
2283.877 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
82.817 |
70.334 |
(Including Financial and Depreciation Expenses) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
46.079 |
36.055 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
36.738 |
34.279 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.731 |
4.122 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
32.007 |
30.157 |
23.162 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
10.299 |
10.856 |
8.262 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
21.708 |
19.301 |
14.900 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
72.36 |
64.34 |
49.67 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
0.000 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
(154.454) |
10.625 |
5.730 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.72 |
0.69 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
2.73 |
2.50 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.59 |
4.09 |
3.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.15 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.94 |
1.15 |
1.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22 |
1.30 |
1.27 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
30.000 |
30.000 |
30.000 |
|
Reserves & Surplus |
134.388 |
172.107 |
190.106 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
164.388 |
202.107 |
220.106 |
|
|
|
|
|
|
Long-term borrowings |
14.248 |
7.529 |
4.750 |
|
Short term borrowings |
202.744 |
224.666 |
423.254 |
|
Total
borrowings |
216.992 |
232.195 |
428.004 |
|
Debt/Equity ratio |
1.320 |
1.149 |
1.945 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
2307.039 |
2816.231 |
3032.661 |
|
|
|
22.071 |
7.685 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
2307.039 |
2816.231 |
3032.661 |
|
Profit |
14.900 |
19.301 |
21.708 |
|
|
0.65% |
0.69% |
0.72% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10508832 |
23/06/2014 |
200,000,000.00 |
STATE BANK OF
INDIA |
GOREGAON EAST BRANCH,
APSM BUILDING, 12, JAY, PRAKASH NAGAR, JP ROAD NO. 2 GOREGAON EAST, MUMBAI,
MAHARASHTRA - 400063, INDIA |
C11143567 |
|
2 |
90232855 |
15/04/2014 * |
305,000,000.00 |
DCB BANK LIMITED |
601 & 602,
PENINSULA BUSINESS PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG,
LOWER PAREL, MUMBAI, |
C03900008 |
|
3 |
90234339 |
04/09/2000 * |
10,000,000.00 |
DEVELOPMENT CREDIT
BANK LIMITED |
HILL VIEW
APARTMENT ; HILL ROAD, BANDRA, MUMBAI, MAHARASHTRA - 400050, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2015 (Rs.
In Million) |
31.03.2014 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
1.607 |
6.267 |
|
|
|
|
|
Total |
1.607 |
6.267 |
CHANGE OF ADDRESS:
The Registered Office of the Company has been shifted from 204, Oberoi
Chambers I, Opposite Sab TV New Link Road, Andheri (West), Mumbai - 400053,
Maharashtra, India to the present address w.e.f.01.12.2011
CORPORATE INFORMATION
The Company has been incorporated as closely held private corporate body at Mumbai on 25.05.1988 (CIN U51900MH1988PTC047466) and has been in the business as Paper & Board Merchants since then.
REVIEW OF OPERATIONS:
The Company had earned revenue during the year from its main operations of sale of goods.
FINANCIAL
PERFORMANCE:
The Company has incurred a profit of Rs. 21.708 Million as on March 31, 2015 as compared to Rs. 19.301 Million as on March 31, 2014.
FUTURE OUTLOOK:
The Directors are continuously looking for avenues for future growth of the Company.
FIXED ASSETS:
·
Buildings
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Office equipment
·
Computer equipments
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. 66.42 |
|
|
1 |
Rs. 98.55 |
|
Euro |
1 |
Rs. 72.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.