MIRA INFORM REPORT
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Report No. : |
305157 |
|
Report Date : |
30.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
SANWARIA TEXPRO PRIVATE LIMITED |
|
|
|
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Registered
Office : |
206, Unique House, Chakala Road, Andheri (East), Mumbai – 400099,
Maharashtra |
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Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
29.01.1991 |
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|
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Com. Reg. No.: |
11-060051 |
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Capital
Investment / Paid-up Capital : |
Rs.0.990 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17100MH1991PTC060051 |
|
|
|
|
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
: |
Trader of mobile phones and computer peripherals. |
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No. of Employees
: |
15 (Approximately) |
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RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Business |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is small company in its field. Its scale of activities are
limited. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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. Navin Agarwal |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-61771788 |
|
Date : |
28.01.2015 |
LOCATIONS
|
Registered Office : |
206, Unique House, Chakala Road, Andheri (East), Mumbai – 400099,
Maharashtra, India |
|
Tel. No.: |
91-22-61771788 |
|
Fax No.: |
91-22-61771788/61771999 |
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E-Mail : |
|
|
Area : |
1000 Sq Ft |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Located at
|
DIRECTORS
As on 11.08.2014
|
Name : |
Mr. Chaman Suresh Pansari |
|
Designation : |
Director |
|
Address : |
801 Shubh Angan, 5th N S Road, JVPD Scheme, Vile Parle
(East), Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
16.05.1985 |
|
Date of Appointment : |
17.05.2003 |
|
DIN No.: |
00215795 |
|
PAN No.: |
AJYPP0436G |
|
|
|
|
Name : |
Mrs. Rashi Krishna Kumar Choudhary |
|
Designation : |
Director |
|
Address : |
401, Shubh Angan, 5th N S Road, JVPD Scheme, Vile Parle
(East), Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
01.05.1984 |
|
Date of Appointment : |
15.02.2003 |
|
DIN No.: |
01173718 |
|
PAN No.: |
AEOPC7488J |
|
|
|
|
Name : |
Mr. Balram Khetan |
|
Designation : |
Director |
|
Address : |
B 201, Sarth Near, UP Van Tower, Chincholi Phatak Road, Upper Goving Nagar,
Malad (West), Mumbai – 400097, Maharashtra, India |
|
Date of Birth/Age : |
03.05.1983 |
|
Date of Appointment : |
13.05.2013 |
|
DIN No.: |
06583168 |
KEY EXECUTIVES
|
Name : |
Mr. Navin Agarwal |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 11.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
Kapal Pansari |
|
5750 |
|
Suresh Pansari |
|
9890 |
|
Manju Pansari |
|
9890 |
|
Kapal Pansari JT Richa Chaoudhary |
|
10 |
|
Meena Chaoudhary |
|
9810 |
|
Krisna Kumar Chaoudhary |
|
9890 |
|
Rashi Chaoudhary |
|
9890 |
|
Meena Chaoudhary |
|
4990 |
|
Chaman pansari |
|
19000 |
|
Keshav Chaoudhary |
|
9890 |
|
Richa Chaoudhary |
|
9890 |
|
K K Chaoudhary Karta of K K Chaoudhary HUF |
|
40 |
|
Priya Anka pansari JT Kapal Pansari |
|
30 |
|
Gazal Pansari J T Chaman Pansari |
|
30 |
|
Total |
|
99000 |
Equity Share Break up (Percentage of Total Equity)
As on 11.08.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.96 |
|
Other top fifty shareholders |
0.04 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of mobile phones and computer peripherals. |
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|
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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 |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
ASL and Company Chartered Accountants |
|
Address : |
302, Eco Space, Old Nagardas Road, Mogra Village, Andheri (East), Mumbai – 400069, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFC1257B |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises which
are owned, or have significant influence of or are partners with Key management personnel and their relative: |
Ceepee Consultants |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99000 |
Equity Shares |
Rs.10/- each |
Rs. 0.990
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
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|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.990 |
0.990 |
0.990 |
|
(b) Reserves & Surplus |
16.549 |
9.729 |
3.153 |
|
(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) |
17.539 |
10.719 |
4.143 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
25.000 |
25.000 |
25.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
25.000 |
25.000 |
25.000 |
|
|
|
|
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|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
31.708 |
110.224 |
1.908 |
|
(b) Trade payables |
85.511 |
117.719 |
25.818 |
|
(c) Other current liabilities |
3.859 |
2.296 |
0.256 |
|
(d) Short-term provisions |
0.139 |
0.365 |
0.072 |
|
Total
Current Liabilities (4) |
121.217 |
230.604 |
28.054 |
|
|
|
|
|
|
TOTAL |
163.756 |
266.323 |
57.197 |
|
|
|
|
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II.
ASSETS |
|
|
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|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2.706 |
2.402 |
1.154 |
|
(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 |
25.568 |
25.566 |
25.545 |
|
(c) Deferred tax assets (net) |
0.035 |
0.055 |
0.111 |
|
(d) Long-term Loan and Advances |
0.214 |
0.350 |
0.769 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
28.523 |
28.373 |
27.579 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
59.410 |
118.954 |
14.564 |
|
(c) Trade receivables |
69.956 |
107.913 |
13.274 |
|
(d) Cash and cash equivalents |
0.020 |
2.966 |
1.753 |
|
(e) Short-term loans and
advances |
5.847 |
8.117 |
0.027 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
135.233 |
237.950 |
29.618 |
|
|
|
|
|
|
TOTAL |
163.756 |
266.323 |
57.197 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Turnover |
2145.190 |
1039.631 |
1698.962 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10.467 |
9.990 |
1.587 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.622 |
0.344 |
0.231 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
9.845 |
9.646 |
1.356 |
|
|
|
|
|
|
|
Less |
TAX |
2.909 |
2.955 |
0.253 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
6.936 |
6.691 |
1.103 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.229 |
3.153 |
2.050 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
7.500 |
7.500 |
0.000 |
|
|
Dividend |
0.099 |
0.099 |
0.000 |
|
|
Tax on Dividend |
0.017 |
0.016 |
0.000 |
|
|
Balance
Carried to the B/S |
1.549 |
2.229 |
3.153 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
70.07 |
67.58 |
NA |
Expected Sales (2014-2015) : Rs.1250.000 Millions
The above information has been parted by Mr. Navin Agarwal
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.32 |
0.64 |
0.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.13 |
4.01 |
4.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56 |
0.90 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.81 |
10.28 |
0.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.03 |
1.06 |
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 |
0.990 |
0.990 |
0.990 |
|
Reserves & Surplus |
3.153 |
9.729 |
16.549 |
|
Net
worth |
4.143 |
10.719 |
17.539 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
1.908 |
110.224 |
31.708 |
|
Total
borrowings |
1.908 |
110.224 |
31.708 |
|
Debt/Equity
ratio |
0.461 |
10.283 |
1.808 |
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) |
|
Turnover |
1698.962 |
1039.631 |
2145.190 |
|
|
|
(38.808) |
106.341 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Turnover |
1698.962 |
1039.631 |
2145.190 |
|
Profit |
1.103 |
6.691 |
6.936 |
|
|
0.06% |
0.64% |
0.32% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
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 |
Yes |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
OPERATIONS
During the year under report, the turnover of the Company stood at Rs.1245.190 Millions as against Rs 1039.631 Millions during previous year. Net profit after Depreciation and Taxation stood at Rs. 6.936 Millions as against Rs.6.691 Millions during previous year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Deposits from shareholders |
0.000 |
1.531 |
|
Loans and advances from directors |
0.000 |
108.693 |
|
Total |
0.000 |
110.224 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10366661 |
24/12/2012 * |
200,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B65988180 |
|
2 |
90353276 |
22/07/2004 |
5,000,000.00 |
HDFC BANK LTD. |
SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI, MAHARAS |
- |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Furniture and fixtures
- Office equipment
- Computer equipments
- Other 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.61.50 |
|
|
1 |
Rs.93.12 |
|
Euro |
1 |
Rs.69.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.