MIRA INFORM REPORT
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Report No. : |
308247 |
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Report Date : |
19.02.2015 |
IDENTIFICATION DETAILS
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Name : |
VANYA TRADE EXIM PRIVATE LIMITED |
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Registered
Office : |
Space No. 306/23, Gaurav Tower, Community Center, G Block, Vikaspuri,
New Delhi - 110018 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
15.09.2009 |
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Com. Reg. No.: |
55-194287 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U74140DL2009PTC194287 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCV0852F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of CR Coils, HR Coils, SS Sheet, Copper Rod, Lead Ingots,
Casting, Indl. Cables and Wires Circle, TMT Bars, Beam, other Ferrous and
Non-Ferrous etc. |
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|
|
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No. of Employees
: |
24 (12 in Office, 7 in Factory and 5 in Branch Office) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. External borrowings of the company seem to be huge. Profitability of
the company also seems to be low during 2014. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The company 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
NOT AVAILABLE
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Sudhashu |
|
Designation : |
Manager |
|
Contact No.: |
91-11-64301524 |
|
Date : |
18.02.2015 |
LOCATIONS
|
Registered Office : |
Space No. 306/23, Gaurav Tower, Community Center, G Block, Vikaspuri,
New Delhi – 110018, India |
|
Tel. No.: |
91-11-64301524 |
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Mobile No.: |
91-9654853256 [Mr. Ritesh Jain] |
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Fax No.: |
Not Available |
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E-Mail : |
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Area : |
800 Sq. ft. |
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Location : |
Rented |
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Factory : |
G1-1286, RIICO Industrial Area, Rampur Mundana, Bhiwadi, Rajasthan,
India |
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Area : |
1200 Sq. ft. |
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Location : |
Rented |
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Branch Office : |
1 Hariram Market, Infront of Milapur Mandir, Bhiwadi, Rajasthan, India |
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Area : |
460 Sq. ft. |
|
Location : |
Rented |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ritesh Jain |
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Designation : |
Director |
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Address : |
H. No. 4012, Street No. 17A, Ajit Nagar, Delhi – 110031, India |
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Date of Birth/Age : |
25.06.1980 |
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Qualification : |
Post Graduate |
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Experience : |
12 Years |
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Date of Appointment : |
04.08.2013 |
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PAN No.: |
AWUPJ9180G |
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DIN No.: |
06637394 |
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Other Directorship :
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Name : |
Mrs. Suman |
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Designation : |
Director |
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Address : |
12/7, Near Power House, Roshan Garden, Main Uttam Nagar Road, East Najafgarh, Delhi – 110059, India |
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Date of Birth/Age : |
16.06.1977 |
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Qualification : |
Graduate |
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|
Experience : |
15 Years |
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Date of Appointment : |
25.07.2014 |
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DIN No.: |
06880770 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Sudhashu |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Ritesh Jain |
5000 |
50.00 |
|
Suman |
5000 |
50.00 |
|
|
|
|
|
Total |
10000 |
100.00 |
AS ON 10.11.2014
|
Names of Allottee |
No. of Shares |
|
Ritesh Jain |
860000 |
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|
|
|
Total |
860000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
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|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of CR Coils, HR Coils, SS Sheet, Copper Rod, Lead Ingots, Casting,
Indl. Cables and Wires Circle, TMT Bars, Beam, other Ferrous and Non-Ferrous
etc. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
-- |
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Countries : |
-- |
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Imports : |
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Products : |
-- |
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Countries : |
-- |
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Terms : |
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Selling : |
L/C and Credit [90 Days] |
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Purchasing : |
Credit [60 Days] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
24 (12 in Office, 7 in Factory and 5 in Branch Office) (Approximately) |
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Bankers : |
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Facilities : |
-- |
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Auditors : |
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Name : |
GPRS and Company Chartered Accountants |
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Address : |
203-204, Phool Singh Market, Sector 27, Noida – 201301, Uttar Pradesh,
India |
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Tel. No.: |
91-120-4169570 |
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Mobile No.: |
91-8130404779/ 9910780911 |
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E-Mail : |
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Associates/ Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
870,000 |
Equity Shares |
Rs. 10/- each |
Rs. 8.700 Millions |
|
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AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.01.2015 [Provisional] |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
8.700 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
2.697 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
11.397 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
151.245 |
|
|
TOTAL BORROWING |
|
|
151.245 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.046 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
162.688 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.141 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
6.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
59.959 |
|
|
Sundry Debtors |
|
|
2785.903 |
|
|
Cash & Bank Balances |
|
|
1.015 |
|
|
Other Current Assets |
|
|
52.564 |
|
|
Loans & Advances |
|
|
9.371 |
|
Total
Current Assets |
|
|
2908.812 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
2749.831 |
|
|
Provisions |
|
|
2.434 |
|
Total
Current Liabilities |
|
|
2752.265 |
|
|
Net Current Assets |
|
|
156.547 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
162.688 |
|
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
0.619 |
0.116 |
0.126 |
|
(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) |
0.719 |
0.216 |
0.226 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.057 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.057 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
141.075 |
47.995 |
47.995 |
|
(b)
Trade payables |
1814.761 |
443.466 |
380.008 |
|
(c)
Other current liabilities |
1791.223 |
0.075 |
0.094 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
3747.059 |
491.536 |
428.097 |
|
|
|
|
|
|
TOTAL |
3747.835 |
491.752 |
428.323 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
0.242 |
0.109 |
0.135 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.002 |
|
(e)
Other Non-current assets |
28.659 |
6.002 |
0.000 |
|
Total
Non-Current Assets |
28.901 |
6.111 |
0.137 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
6.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
3678.580 |
391.551 |
318.238 |
|
(d)
Cash and cash equivalents |
0.878 |
0.195 |
0.050 |
|
(e)
Short-term loans and advances |
39.476 |
93.895 |
103.895 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.003 |
|
Total
Current Assets |
3718.934 |
485.641 |
428.186 |
|
|
|
|
|
|
TOTAL |
3747.835 |
491.752 |
428.323 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.01.2015 [Provisional] |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
Income |
2619.502 |
5981.810 |
2932.262 |
414.049 |
|
|
|
Other Income |
0.007 |
0.003 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
2619.509 |
5981.813 |
2932.262 |
414.049 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Cost of goods sold |
2612.979 |
5976.401 |
2931.921 |
413.068 |
|
|
|
Administrative Expenses |
1.194 |
0.000 |
0.000 |
0.000 |
|
|
|
Employees benefits expense |
0.000 |
1.428 |
0.067 |
0.118 |
|
|
|
Other Expenses |
2.224 |
3.327 |
0.250 |
0.848 |
|
|
|
TOTAL (B) |
2616.397 |
5981.156 |
2932.238 |
414.034 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.112 |
0.657 |
0.024 |
0.015 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.013 |
0.008 |
0.004 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.112 |
0.644 |
0.016 |
0.011 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.101 |
0.084 |
0.026 |
0.035 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
3.011 |
0.560 |
(0.010) |
(0.024) |
|
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.933 |
0.057 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
2.078 |
0.503 |
(0.010) |
(0.024) |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.39 |
50.30 |
(0.99) |
(2.39) |
|
KEY RATIOS
|
PARTICULARS |
|
31.01.2015 |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.08
|
0.01 |
0.00 |
(0.01) |
|
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
0.12
|
0.01 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.10
|
0.01 |
0.00 |
(0.01) |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.78 |
(0.05) |
(0.11) |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
13.27
|
196.21 |
222.20 |
212.37 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06
|
0.99 |
0.99 |
1.00 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
0.126 |
0.116 |
0.619 |
|
Net
worth |
0.226 |
0.216 |
0.719 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
47.995 |
47.995 |
141.075 |
|
Total
borrowings |
47.995 |
47.995 |
141.075 |
|
Debt/Equity ratio |
212.367 |
222.199 |
196.210 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
414.049 |
2932.262 |
5981.810 |
|
|
|
608.192 |
104.000 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
414.049 |
2932.262 |
5981.810 |
|
Profit/ (Loss) |
(0.024) |
(0.010) |
0.503 |
|
|
(0.01%) |
0.00% |
0.01% |
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 |
Yes |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
Loans and advances from related parties |
|
|
From Body Corporates |
37.795 |
|
From Others |
10.200 |
|
|
|
|
Total |
47.995 |
CHANGE OF ADDRESS:
The Registered Office of the company of the company has been shifted
from 212A, Ansal Majestic Tower, Vikaspuri, New Delhi – 110018, India to the present
address w.e.f.15.11.2013.
TRADE REFERENCES
· Swissline Intertrade Private Limited
· Shilpi Cable Technologies Limited
· Magppie International Limited
FIXED ASSETS:
· Computers and Accessories
· Furniture and Fixture
· Office Equipment
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. 62.25 |
|
|
1 |
Rs. 95.57 |
|
Euro |
1 |
Rs. 71.01 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.