MIRA
INFORM REPORT
|
Report No. : |
334345 |
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Report Date : |
30.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
MILESTONE INTERACTIVE PRIVATE LIMITED (w.e.f.01.07.2009) |
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Formerly Known
As : |
MILESTONE INTERACTIVE SOFTWARE PRIVATE LIMITED EDUTEQ INDIA LIMITED |
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Registered
Office : |
702, Supreme Chambers,
Shah Industrial Estate, Near Veera Desai Last Bus
Stop, V.D. Road, Andheri (West), Mumbai – 400053, Maharashtra |
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Tel. No.: |
91-22-67312500 |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of Incorporation
: |
29.07.1997 |
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Com. Reg. No.: |
11-109692 |
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Capital
Investment / Paid-up Capital : |
Rs. 10.000 Million |
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CIN No.: [Company Identification
No.] |
U72200MH1997PTC109692 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM19657B |
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PAN No.: [Permanent Account No.] |
AAACE4733D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Marketing and Distribution of Interactive Game Software, Game
Peripherals and Information and Communication Technology Products. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
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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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Maximum Credit Limit : |
USD 300000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having moderate track record. The management has failed to file its financial record with government
department for the year 2013 and 2014. As per previous financial record of 2012, general financial position
of the company is sound. Rating remains constrained on account of absence of latest financial
information to evaluated risk associate with the subject company. As per the status in the registered of companies business to be
active. Payments terms reported to be unknown. In view of absence of financial information, the company can be
considered for business dealing with great 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Mr. Makarand |
|
Designation : |
Chief Executive Officer |
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Contact No.: |
91-22-67312500 |
LOCATIONS
|
Registered / Head Office : |
702, Supreme
Chambers, Shah Industrial Estate, Near Veera Desai
Last Bus Stop, V.D. Road, Andheri (West), Mumbai –
400053, Maharashtra, India |
|
Tel. No.: |
91-22-67312500 |
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Fax No.: |
91-22-67312506 |
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E-Mail : |
sales@milestoneinteractive.com
finance@milestoneinteractive.com |
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Website : |
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Warehouse : |
Located at: ·
Bhiwandi Arihant Complex, Purna Village,
Bhiwandi, District Thane, Maharashtra,
India |
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Branch Offices : |
Located at: · Bangalore · Chennai · Hyderabad · New Delhi · Kolkata |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Jayont R Sharma |
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Designation : |
Managing director |
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Address : |
Building No.1B 125, Windermere, New Link Road, Oshiwara
Andheri (West), Mumbai – 400053, Maharashtra, India |
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Date of Birth/Age : |
07.10.1963 |
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Qualification : |
B.Com |
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Date of Appointment : |
29.07.1997 |
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DIN No.: |
01738425 |
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Other Directorship:
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Name : |
Mrs. Manisha Jayant
Sharma |
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Designation : |
Director |
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Address : |
Building No.1B 125, Windermere, New Link Road, Oshiwara
Andheri (West), Mumbai – 400053, Maharashtra, India |
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Date of Birth/Age : |
13.05.1967 |
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Qualification : |
B.A. |
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Date of Appointment : |
30.03.2002 |
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DIN No.: |
02379302 |
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Other
Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Nilesh |
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Designation : |
Accounts Department |
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|
Name : |
Mr. Makarand |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Jayont Rajendra Sharma |
|
519760 |
|
JRS Investment Private Limited [Formerly Known as Sampusti
Investment Private Limited] |
|
400000 |
|
Manisha Jayont Sharma |
|
80040 |
|
Rajeev Sharma |
|
40 |
|
Nidhi Sharma |
|
40 |
|
Anirudh Sharma |
|
40 |
|
Suniti Sharma |
|
40 |
|
Asha Sharma |
|
40 |
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Total |
|
1000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
40.00 |
|
Directors or relatives of Directors |
60.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Marketing and Distribution of Interactive Game Software, Game
Peripherals and Information and Communication Technology Products. |
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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 : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management
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Bankers : |
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Facilities : |
(Rs. In Million)
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Ray and Ray Chartered Accountants |
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Address : |
G-2, Ramkrishna, 11, Happy Gome Society, Nehru Roa, Vile
Parle (East), Mumbai – 400057, Maharashtra, India |
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Tel. No.: |
91-22-26146080/ 26150621 |
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Fax No.: |
91-22-26131586 |
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Email : |
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Income-tax
PAN of auditor or auditor's firm : |
AADFR8764R |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries
: |
Not Available |
CAPITAL STRUCTURE
AFTER 29.09.2012
Authorised Capital: Rs. 60.000 Million
Issued, Subscribed & Paid-up Capital: Rs. 10.000 Million
AS ON 31.03.2012
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Million |
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Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
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|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Million |
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FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
10.000 |
10.000 |
|
(b) Reserves & Surplus |
|
94.175 |
83.648 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
|
104.175 |
93.648 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
172.120 |
6.096 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
15.000 |
15.000 |
|
(d) long-term
provisions |
|
0.000 |
1.528 |
|
Total Non-current
Liabilities (3) |
|
187.120 |
22.624 |
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
45.436 |
9.593 |
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(b)
Trade payables |
|
91.194 |
73.255 |
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(c)
Other current liabilities |
|
65.897 |
49.559 |
|
(d) Short-term
provisions |
|
19.136 |
14.801 |
|
Total Current
Liabilities (4) |
|
221.663 |
147.208 |
|
|
|
|
|
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TOTAL |
|
512.958 |
263.480 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
22.886 |
9.846 |
|
(ii)
Intangible Assets |
|
0.662 |
0.000 |
|
(iii)
Capital work-in-progress |
|
240.394 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.010 |
7.336 |
|
(c) Deferred tax assets (net) |
|
1.270 |
0.199 |
|
(d) Long-term Loan and Advances |
|
11.677 |
3.903 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
276.899 |
21.284 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
60.579 |
|
(b)
Inventories |
|
51.853 |
42.171 |
|
(c)
Trade receivables |
|
95.224 |
54.927 |
|
(d) Cash
and cash equivalents |
|
58.912 |
45.959 |
|
(e)
Short-term loans and advances |
|
30.070 |
38.560 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
236.059 |
242.196 |
|
|
|
|
|
|
TOTAL |
|
512.958 |
263.480 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
10.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
55.447 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
65.447 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
14.815 |
|
|
2] Unsecured Loans |
|
|
2.739 |
|
|
TOTAL BORROWING |
|
|
17.554 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
83.001 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
11.297 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
7.326 |
|
|
DEFERREX TAX ASSETS |
|
|
0.073 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
36.314
|
|
|
Sundry Debtors |
|
|
93.371
|
|
|
Cash & Bank Balances |
|
|
25.096
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
57.459
|
|
Total
Current Assets |
|
|
212.240
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
115.074
|
|
|
Provisions |
|
|
32.861
|
|
Total
Current Liabilities |
|
|
147.935
|
|
|
Net Current Assets |
|
|
64.305
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
83.001 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
700.497 |
594.587 |
816.070 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
28.526 |
46.742 |
40.650 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.209 |
3.729 |
4.416 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
21.317 |
43.013 |
36.234 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.116 |
14.812 |
12.908 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
18.201 |
28.201 |
23.326 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
83.648 |
55.447 |
32.121 |
|
|
|
|
|
|
|
|
|
|
ADJUSTMENTS ON
ACCOUNT OF MERGER OF SUBSIDIARY |
(7.674) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
94.175 |
83.648 |
55.447 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.204 |
NA |
NA |
|
|
|
|
|
|
|
|
|
IMPORTS |
NA |
284.382 |
196.475 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
18.20 |
28.20 |
23.33 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.60
|
4.74 |
2.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.86
|
16.81 |
16.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.46 |
0.55 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.09
|
0.17 |
0.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06
|
1.65 |
1.43 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
55.447 |
83.648 |
94.175 |
|
Net worth |
65.447 |
93.648 |
104.175 |
|
|
|
|
|
|
long-term borrowings |
14.815 |
6.096 |
172.120 |
|
Short term borrowings |
2.739 |
9.593 |
45.436 |
|
Total borrowings |
17.554 |
15.689 |
217.556 |
|
Debt/Equity ratio |
0.268 |
0.168 |
2.088 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
816.07 |
594.587 |
700.497 |
|
|
|
(27.140) |
17.812 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
816.070 |
594.587 |
700.497 |
|
Profit |
23.326 |
28.201 |
18.201 |
|
|
2.86% |
4.74% |
2.60% |
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 |
No |
|
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 |
No |
|
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 |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from Unit No. 101 to 112, 1st Floor, Nimbus Centre, Oberoi, off New Link Road, Andheri
(West), Mumbai – 400053, Maharashtra, India to the present address w.e.f.
30.04.2013
LITIGATION
DETAILS
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
Presentation
Date: 10.03.2015 |
|
Lodging No: CPL/575/2015 Filing Date: 15.06.2015 |
|
Petitioner: FULLERTON INDIA CREDIT CO LTD.
Respondent: MILESTONE INTERACTIVE PRIVATE
LIMITED Petn. Adv : H AND M LEGAL ASSOCIATES (I3205)
PESP. ADV.:- 0 (0) District: MUMBAI |
|
Bench: SINGLE Status: Pre-Admission
Category: COMPANY PETITION U/SEC
433, 434,
439 COMPANIES ACT Last Date: 25.06.2015
Stage: Last Coram: REGISTRAR(OS)/PROTHONOTARY & SR. MASTER |
|
Act: Companies Act & Rules 1956 UNDER SECTION: 433 (E) 434 439 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10523143 |
22/09/2014 |
220,000,000.00 |
FULLERTON INDIA CREDIT COMPANY LIMITED |
MEGH TOWERS, THIRD FLOOR, OLD NO-307, NEW NO-165, POONAMALLEE HIGH ROAD, MADURAVOYAL,CHENNAI, TAMIL NADU - 600095, INDIA |
C24566515 |
|
2 |
10510168 |
24/11/2014 * |
20,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C37323565 |
|
3 |
10400018 |
24/11/2014 * |
30,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C37321742 |
|
4 |
90146333 |
13/08/2002 |
773,010.00 |
ICICI BANK LTD. |
ICICI BANK TOWER; BANDRA KURLA COMPLEX, MUMBAI, MAHARASHTRA - 400051, INDIA |
- |
* Date of charge modification
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.63.89 |
|
UK Pound |
1 |
Rs.99.71 |
|
Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
GTA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
2 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
26 |
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.