MIRA INFORM REPORT
|
Report No. : |
312475 |
|
Report Date : |
08.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
SWAMI DISTRIBUTORS |
|
|
|
|
Registered
Office : |
N.10/79 H-B-3, R. K. Puram, New Colony, Kakarmatta, Varanasi – 221004,
Uttar Pradesh |
|
Tel. No.: |
Not Available |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 (Provisional) |
|
|
|
|
Year of
Establishment : |
2009 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3.101 Million |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Dealer and distributor of pharmaceutical products. |
|
|
|
|
No. of Employees
: |
7 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietary concern having satisfactory
track record. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The concern can be considered for business dealing at usual trade
terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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. Santosh Kumar |
|
Designation : |
Accountant |
|
Contact No.: |
91-9795275851 |
|
Date : |
06.05.2015 |
LOCATIONS
|
Registered Office : |
N.10/79 H-B-3, R. K. Puram, New Colony, Kakarmatta, Varanasi – 221004,
Uttar Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9335470143 (Mr. Jay Prakash Mishra) 91-9795275851 (Mr. Santosh Kumar) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
SOLE PROPRIETOR
|
Name : |
Mr. Jay Prakash Mishra |
|
Designation : |
Proprietor |
|
Date of Birth : |
02.03.1970 |
|
PAN No.: |
AKIPM7999J |
KEY EXECUTIVES
|
Name : |
Mr. Santosh Kumar |
|
Designation : |
Accountant |
BUSINESS DETAILS
|
Line of Business : |
Dealer and distributor of pharmaceutical products. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
7 (Approximately) |
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Bankers : |
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Facilities : |
-- |
|
|
|
|
Banking Relations
: |
|
|
|
|
|
Auditors : |
|
|
Name : |
Ritesh Bajoria and Company Chartered Accountants |
|
Address : |
B 38/1A, 1st Floor, Dr. Usha Gupta Crossing Mahmoorganj,
Varanasi, Uttar Pradesh, India |
|
Tel No.: |
91-542-2360223 |
|
Mobile No.: |
9450544891 |
|
Email : |
|
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Sister Concern : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2015
(PROVISIONAL)
|
Capital Investment : |
|
|
Owned : |
Rs. 3.101 Million |
|
Borrowed : |
-- |
|
Total : |
Rs. 3.101
Million |
FINANCIAL DATA
[All figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2015 (Provisional) |
31.03.2014 |
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
3.101 |
2.761 |
2.317 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.101 |
2.761 |
2.317 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.430 |
0.430 |
0.330 |
|
|
TOTAL BORROWING |
0.430 |
0.430 |
0.330 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.531 |
3.191 |
2.647 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.221 |
0.221 |
1.004 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.536 |
0.437 |
0.309 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.565 |
1.150 |
0.926 |
|
|
Sundry Debtors |
1.189 |
0.569 |
0.348 |
|
|
Cash & Bank Balances |
0.983 |
1.157 |
0.903 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
0.809 |
0.941 |
0.202 |
|
Total
Current Assets |
4.546 |
3.817 |
2.379 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.758 |
1.271 |
1.011 |
|
|
Other Current Liabilities |
0.014 |
0.003 |
0.026 |
|
|
Provisions |
0.000 |
0.010 |
0.008 |
|
Total
Current Liabilities |
1.772 |
1.284 |
1.045 |
|
|
Net Current Assets |
2.774 |
2.533 |
1.334 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.531 |
3.191 |
2.647 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2015 (Provisional) |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
20.000 |
18.392 |
12.030 |
|
|
|
Other Income |
0.115 |
0.116 |
0.368 |
|
|
|
TOTAL |
20.115 |
18.508 |
12.397 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
18.847 |
17.470 |
11.683 |
|
|
|
Direct Expenses |
0.004 |
0.004 |
0.016 |
|
|
|
Selling And Administration Expenses |
0.657 |
0.516 |
0.311 |
|
|
|
TOTAL |
19.508 |
17.990 |
12.010 |
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.607 |
0.518 |
0.387 |
|
The above information has been parted by Mr. Santosh Kumar
(Accountant)
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
KEY RATIOS
|
PARTICULARS |
|
31.03.2015 (Provisional) |
31.03.2014 |
31.03.2013 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.14
|
0.16
|
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.57
|
2.97
|
2.28 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
2.317 |
2.761 |
3.101 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2.317 |
2.761 |
3.101 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.330 |
0.430 |
0.430 |
|
Total
borrowings |
0.330 |
0.430 |
0.430 |
|
Debt/Equity
ratio |
0.142 |
0.156 |
0.139 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
12.030 |
18.392 |
20.000 |
|
|
|
52.884 |
8.743 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(INR) |
(INR) |
(INR) |
|
Sales |
12.030 |
18.392 |
20.000 |
|
Profit |
0.387 |
0.518 |
0.607 |
|
|
3.22% |
2.82% |
3.04% |
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
-- |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
M/S SWAMI DISTRIBUTORS, VARANASI
PROJECTED BALANCE SHEET AS
ON 31.03.2017
(RS. IN MILLION)
|
Particular |
|
31.03.2017 |
31.03.2016 |
|
Capital Account |
|
4.180 |
3.690 |
|
Unsecured Loans |
|
0.438 |
0.430 |
|
TOTAL |
|
4.618 |
4.120 |
|
|
|
|
|
|
FIXED ASSETS |
|
0.286 |
0.247 |
|
|
|
|
|
|
Investments |
|
0.857 |
0.636 |
|
|
|
|
|
|
CURRENT ASSETS
LOANS & ADVANCES |
|
|
|
|
Closing Stock |
|
2.032 |
1.856 |
|
Loans and Advances |
|
1.470 |
1.126 |
|
Sundry Debtors |
|
1.650 |
1.457 |
|
Cash In Hand |
|
0.257 |
0.227 |
|
Bank Accounts |
|
0.675 |
0.668 |
|
|
|
6.084 |
5.334 |
|
|
|
|
|
|
Less: CURRENT
LIABILITIES |
|
|
|
|
Current Liabilities |
|
1.438 |
1.438 |
|
Provisions |
|
0.012 |
0.010 |
|
Duties & Taxes |
|
0.016 |
0.013 |
|
|
|
1.466 |
1.461 |
|
|
|
|
|
|
Net Current
Assets |
|
4.618 |
4.120 |
|
|
|
|
|
|
TOTAL |
|
4.618 |
4.120 |
PROJECTED
TRADING AND PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31.03.2017
(RS. IN MILLION)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
28.693 |
24.868 |
|
|
|
Other Income |
|
0.126 |
0.113 |
|
|
|
TOTAL |
|
28.819 |
24.981 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
27.108 |
23.366 |
|
|
|
Direct Expenses |
|
0.049 |
0.043 |
|
|
|
Selling And Administration Expenses |
|
0.956 |
0.897 |
|
|
|
TOTAL |
|
28.113 |
24.306 |
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
0.706 |
0.675 |
|
------------------------------------------------------------------------------------------------------------------------------
CALCULATION OF NET WORTH
M/S SWAMI DISTRIBUTORS PROP. JAYA PRAKASH MISHRA
PAN NO. AKIPM7999J AS ON 31.03.2014
(RS. IN MILLION)
|
Particulars |
31.03.2014 |
|
Assets |
|
|
Fixed Assets |
0.221 |
|
Investments |
0.437 |
|
|
|
|
Current Assets |
|
|
Closing Stock |
1.150 |
|
Loan and Advances |
0.941 |
|
Sundry Debtors |
0.569 |
|
Cash in Hand |
0.451 |
|
Bank Balance |
0.706 |
|
Total Assets (A) |
4.475 |
|
|
|
|
Liabilities |
|
|
Unsecured Loan |
0.430 |
|
Current Liabilities |
1.271 |
|
Provision |
0.010 |
|
Duties and Taxes |
0.003 |
|
Total Liabilities (B) |
1.714 |
|
Net Worth (A-B) |
2.761 |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
·
Building
·
Land
·
Invertor and Battery
·
Printer
·
Mobile
·
Whirlpool Frieze
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 records 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.63.88 |
|
|
1 |
Rs.97.20 |
|
Euro |
1 |
Rs.72.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
44 |
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.