MIRA INFORM REPORT
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Report No. : |
299768 |
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Report Date : |
18.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
SOMYA TRANSLATORS PRIVATE LIMITED |
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Registered
Office : |
A-52, II nd Floor, Main Market, Pandav Nagar, Delhi – 110092 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
30.01.2009 |
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Com. Reg. No.: |
55-187118 |
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Capital Investment
/ Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U72900DL2009PTC187118 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Services Provider of Translate Technical, Medical, IT Games, Financial
or Legal Documents. |
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No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28)) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 21100 |
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Status : |
Small company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities are
limited. As per registrar of companies the date of balance sheet i.e.
financials filed is shown as 31st March, 2014 but the documents
related to the financials for the year 2014 are not available from any
source. As per available financial of 2013. The company has achieved minimal
sales turnover its operations. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for small and mediocre business dealings
with some cautions. |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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. Raj |
|
Designation : |
Business Development Manager |
|
Contact No.: |
91-9725213371 |
|
Date : |
09.01.2015 |
LOCATIONS
|
Registered Office / Factory : |
A-52, II nd Floor, Main Market, Pandav Nagar, Delhi – 110092, India |
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Tel. No.: |
91-11-22486881/43061918/224841 |
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Fax No.: |
91-11-43061917 |
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E-Mail : |
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Location : |
Owned |
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Website : |
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Branch Office : |
No:- 9, Good Will Harmony, Plot No.76, Sector-19, Airoli, Navi Mumbai
– 400708, Maharashtra, India |
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Tel No.: |
91-22-27794090 |
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Overseas Office: |
#593, Los Angeles, California – 90046, USA |
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Tel. No.: |
213-286-1498 |
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Fax No.: |
213-286-1499 |
DIRECTORS
As on 22.09.2014
|
Name : |
Mr. Ajoy Kumar Singh |
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Designation : |
Director |
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Address : |
H No. A-80/81, 2nd Floor, Green House, Padav Nagar, Delhi –
110092, India |
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Date of Birth/Age : |
05.06.1978 |
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Date of Appointment : |
30.01.2009 |
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DIN No.: |
02489714 |
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Name : |
Ms. Archana Singh |
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Designation : |
Director |
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Address : |
A-80/81, ABlock, Padav Nagar, Delhi – 110092, India |
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Date of Birth/Age : |
21.09.1975 |
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Date of Appointment : |
30.01.2009 |
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DIN No.: |
02482232 |
KEY EXECUTIVES
|
Name : |
Mr. Raj |
|
Designation : |
Business Development Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 22.09.2014
|
Names of Shareholders |
No. of Shares |
%age |
|
Ajoy Kumar Singh |
5000 |
50.00 |
|
Archana Singh |
5000 |
50.00 |
|
Total |
10000 |
100.00 |
As on 22.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Services Provider of Translate Technical, Medical, IT Games, Financial
or Legal Documents. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit (30, 60 and 90 Days) |
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Purchasing : |
Cash and Credit (30, 60 and 90 Days) |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Maheshwari Rajiv and Company Chartered Accountants |
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Address : |
37, First Floor, Defence Enclave, Opposite Preet Vihar Petrol Pump,
Delhi – 110092, India |
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PAN
No. : |
AAFFM5141F |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates / Subsidiaries : |
Nil |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
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|
(1)Shareholders'
Funds |
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|
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(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
7.289 |
4.706 |
3.410 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
7.389 |
4.806 |
3.510 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
0.661 |
0.000 |
0.181 |
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(b) Deferred tax liabilities (Net) |
0.047 |
0.043 |
0.048 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
0.708 |
0.043 |
0.229 |
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(4) Current Liabilities |
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|
(a) Short
term borrowings |
0.000 |
0.000 |
0.945 |
|
(b) Trade
payables |
3.270 |
1.573 |
0.115 |
|
(c) Other
current liabilities |
0.142 |
0.144 |
1.027 |
|
(d) Short-term
provisions |
1.445 |
0.916 |
0.000 |
|
Total Current
Liabilities (4) |
4.857 |
2.633 |
2.087 |
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TOTAL |
12.954 |
7.482 |
5.826 |
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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 |
2.459 |
0.795 |
0.651 |
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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 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.018 |
0.018 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.554 |
0.136 |
0.243 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current
Assets |
3.031 |
0.949 |
0.894 |
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(2) Current assets |
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|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
6.324 |
2.864 |
2.541 |
|
(d) Cash
and cash equivalents |
1.584 |
2.214 |
1.183 |
|
(e) Short-term
loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
2.015 |
1.455 |
1.208 |
|
Total
Current Assets |
9.923 |
6.533 |
4.932 |
|
|
|
|
|
|
TOTAL |
12.954 |
7.482 |
5.826 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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SALES |
|
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Income |
30.955 |
19.177 |
12.973 |
|
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Other Income |
3.800 |
5.700 |
0.008 |
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|
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TOTAL |
34.755 |
24.877 |
12.981 |
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|
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Less |
EXPENSES |
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|
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|
|
|
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TOTAL |
30.551 |
22.808 |
10.600 |
|
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.204 |
2.069 |
2.381 |
|
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|
|
|
|
|
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.517 |
0.187 |
0.178 |
|
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|
Less |
PRELIMINARY EXPENSES |
0.000 |
0.003 |
0.003 |
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PROFIT/
(LOSS) BEFORE TAX |
3.687 |
1.879 |
2.200 |
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|
Less |
TAX |
1.103 |
0.585 |
0.677 |
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PROFIT/
(LOSS) AFTER TAX |
2.584 |
1.294 |
1.523 |
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|
Earnings /
(Loss) Per Share (Rs.) |
258.40 |
129.40 |
152.30 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
8.35 |
6.75 |
11.74 |
|
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Operating Profit Margin (PBDIT/ Sales) |
(%) |
13.58 |
10.79 |
18.35 |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
28.50 |
25.17 |
37.76 |
|
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|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.50 |
0.39 |
0.63 |
|
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|
Debt Equity Ratio (Total Debt/Networth) |
|
0.09 |
0.00 |
0.32 |
|
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|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.04 |
2.48 |
2.36 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
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 |
3.410 |
4.706 |
7.289 |
|
Net worth |
3.510 |
4.806 |
7.389 |
|
|
|
|
|
|
long-term borrowings |
0.181 |
0.000 |
0.661 |
|
Short term borrowings |
0.945 |
0.000 |
0.000 |
|
Total borrowings |
1.126 |
0.000 |
0.661 |
|
Debt/Equity ratio |
0.321 |
0.000 |
0.089 |
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 |
12.973 |
19.177 |
30.955 |
|
|
|
47.822 |
61.417 |
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 |
12.973 |
19.177 |
30.955 |
|
Profit |
1.523 |
1.294 |
2.584 |
|
|
11.74% |
6.75% |
8.35% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
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 |
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] |
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 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
|
0.102 |
0.000 |
|
Total |
0.102 |
0.000 |
INDEX OF CHARGES
No Charges Exist for Company
FIXED ASSETS
- Building
- Furniture and Fixture
- Plant and Machinery
- Goodwill
- Patent
- Trade Mark
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.61.89 |
|
|
1 |
Rs.93.92 |
|
Euro |
1 |
Rs.72.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
3 |
|
-- PROFITABILITY |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.