MIRA INFORM REPORT
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Report No. : |
313053 |
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Report Date : |
21.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAGUS ENTERPRISES PRIVATE LIMITED |
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Registered
Office : |
No.8-3-903-3-A-3,
D-5, Omega Apartments, Nagarjuna Nagar, Ameerpet, Hyderabad – 500 073, Telangana |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
13.01.2012 |
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Com. Reg. No.: |
36-078547 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U52100TG2012PTC078547 |
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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
: |
Subject is engaged in the business of trading of surgical goods and
hospital equipment. |
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No. of Employees
: |
05 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
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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 480 |
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Status : |
Small Company |
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Payment Behaviors : |
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. The rating takes into consideration company’s modest net worth and
small scale of operations. However, trade relations are reported as fair. Business is active.
Payments 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 |
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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 |
|
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. Manchella Madhav |
|
Designation : |
Director |
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Contact No.: |
91-9505555959 |
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Date : |
16.03.2015 |
LOCATIONS
|
Registered Office : |
No.8-3-903-3-A-3,
D-5, Omega Apartments, Nagarjuna Nagar, Ameerpet, Hyderabad – 500 073, Telangana, India |
|
Tel. No.: |
91-40-40068601 |
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Mobile No.: |
91-9505555959 (Mr. Manchella
Madhav) |
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Fax No.: |
91-40-40068601 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Branch : |
Located at: ·
Kukatpally, Hyderabad |
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Location : |
Rented |
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Overseas Office : |
Muscat Shining Trading Enterprises, PO Box No: 30, Postal Code: 113, Muscat, Sulatanate of Oman |
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Tel. No.: |
91-68-96767949 |
DIRECTORS
As on 05.09.2014
|
Name : |
Mr. Manchella Madhav |
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Designation : |
Director |
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Address : |
LIG-I, 50, Udayanagar Colony, Hyderabad – 500 038, Telangana, India |
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Date of Birth/Age : |
26.08.1984 |
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Date of Appointment : |
13.01.2012 |
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DIN No.: |
03289551 |
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|
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Name : |
Mr. Jayabharath Reddy Kappata |
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Designation : |
Director |
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Address : |
Plot
No. 97, Ground Floor, Santhi Nagar,Kukatpally, Hyderabad – 500072, Telangana, India |
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Date of Birth/Age : |
15.06.1984 |
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Date of Appointment : |
19.12.2013 |
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DIN No.: |
06766323 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 05.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Manchella Madhav |
5000 |
50.00 |
|
Mohammad Jamil |
5000 |
50.00 |
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Total |
10000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 05.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of trading of surgical goods and
hospital equipment. |
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Products : |
·
Diapers o
Adult Diapers o
Baby Diapers ·
Medical
Disposables o
Face Mask – 2ply and 3ply o
Surgeon Caps o
Buff-font Caps o
PE Shoe Cover o
Under Pads |
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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 : |
L\C, Cheque and Credit (30,60, Days) |
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Purchasing : |
L\C, Cheque and Credit (30,60, Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
05 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
Srinivas and Poorna Chartered Accountants |
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Address : |
6-3-841/A, 1st Floor, Old Post Office Builiding, Ameerpet,
Hyderabad – 500 016, Telangana, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ACWPG4878L |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
-- |
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 Millions |
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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 Millions |
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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 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
0.100 |
0.100 |
0.100 |
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(b) Reserves &
Surplus |
0.068 |
0.002 |
0.000 |
|
(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) |
0.168 |
0.102 |
0.100 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
4.795 |
0.750 |
0.000 |
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(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(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) |
4.795 |
0.750 |
0.000 |
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(4) Current Liabilities |
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|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Trade payables |
2.574 |
0.088 |
0.000 |
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(c) Other current
liabilities |
0.010 |
0.000 |
0.000 |
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(d) Short-term provisions |
0.069 |
0.002 |
0.000 |
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Total Current Liabilities
(4) |
2.653 |
0.090 |
0.000 |
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TOTAL |
7.616 |
0.942 |
0.100 |
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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 |
0.000 |
0.000 |
0.000 |
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(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 |
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(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 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
(f) Preliminary & Pre-Operative Expenses |
0.039 |
0.052 |
0.030 |
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Total Non-Current Assets |
0.039 |
0.052 |
0.030 |
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(2) Current assets |
0.000 |
0.000 |
0.000 |
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
5.043 |
0.000 |
0.000 |
|
(c) Trade receivables |
0.835 |
0.213 |
0.000 |
|
(d) Cash and cash
equivalents |
0.390 |
0.254 |
0.070 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
1.309 |
0.423 |
0.000 |
|
Total Current Assets |
7.577 |
0.890 |
0.070 |
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|
|
|
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TOTAL |
7.616 |
0.942 |
0.100 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
8.596 |
0.958 |
0.000 |
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Other Income |
0.026 |
0.003 |
0.000 |
|
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TOTAL |
8.622 |
0.961 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
13.086 |
0.914 |
0.000 |
|
|
Other trading expenses |
0.006 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(5.043) |
0.000 |
0.000 |
|
|
Employees benefits
expense |
0.127 |
0.000 |
0.000 |
|
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Other expenses |
0.327 |
0.036 |
0.000 |
|
|
TOTAL |
8.503 |
0.950 |
0.000 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
0.119 |
0.011 |
0.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.027 |
0.008 |
0.000 |
|
|
|
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|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
0.092 |
0.003 |
0.000 |
|
|
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|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.000 |
0.000 |
0.000 |
|
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|
|
PROFIT/ (LOSS) BEFORE TAX |
0.092 |
0.003 |
0.000 |
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Less |
TAX |
0.027 |
0.001 |
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PROFIT/ (LOSS) AFTER TAX
|
0.065 |
0.002 |
0.000 |
|
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|
Earnings / (Loss) Per
Share (Rs.) |
6.50 |
0.20 |
NA |
Expected Sales (2014 - 2015) : Rs. 15.000 Million
The above information has been parted by Mr. Madhav M. (Director).
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.76 |
0.21 |
0.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
1.38 |
1.15 |
0.00 |
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|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.21 |
0.34 |
0.00 |
|
|
|
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|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.55 |
0.03 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
28.54 |
7.35 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.86 |
9.89 |
0.00 |
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 |
0.000 |
0.002 |
0.068 |
|
Net worth |
0.100 |
0.102 |
0.168 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.750 |
4.795 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.750 |
4.795 |
|
Debt/Equity ratio |
0.000 |
7.353 |
28.542 |
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 |
0.000 |
0.958 |
8.596 |
|
|
|
--- |
797.286 |
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 |
0.000 |
0.958 |
8.596 |
|
Profit |
0.000 |
0.002 |
0.065 |
|
|
--- |
0.21% |
0.76% |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
-- |
|
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 |
INDEX
OF CHARGES: NO CHARGES EXIST FOR COMPANY
REVIEW OF
OPERATIONS
During the year under audit the company has achieved a turnover of Rs.
8.596 Million and profit after of Rs. 6.500 Million and the directors are
hopeful of getting good business during the current year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
M Madhav |
0.100 |
0.100 |
|
M Laxmi Prasad |
3.190 |
0.450 |
|
Vijayamma |
0.000 |
0.200 |
|
M. SaiBabu |
1.105 |
0.000 |
|
P Manjula |
0.400 |
0.000 |
|
Total |
4.795 |
0.750 |
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.62.49 |
|
|
1 |
Rs.92.26 |
|
Euro |
1 |
Rs.66.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
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 |
|
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
unfavorable 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.