MIRA INFORM REPORT
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Report No. : |
322165 |
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Report Date : |
14.05.2015 |
IDENTIFICATION DETAILS
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Name : |
RONAK BEAUTYCARE PRIVATE LIMITED |
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Registered
Office : |
Sant Kabir Road, Gendi Gate, Vadodara – 390001, Gujarat |
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Mobile No.: |
91-9925638438 (Mr. Prashant) |
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Country : |
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Financials (as
on) : |
30.09.2012 |
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Date of
Incorporation : |
10.05.2010 |
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Com. Reg. No.: |
04-060613 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U85191GJ2010PTC060613 |
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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
: |
Propose business activity is to deal with beauty care product. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
Ca (11) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Yet to commence its business operations |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Even though the subject was incorporated on 10.05.2010, it is yet to
commence its operations as per financial of 2012 (i.e. 30.09.2012) Management of the company has failed to file its financials with the
government department for FY 2013-14. As per Registrar of companies the date of balance sheet i.e.
financials filed is shown as 31st March, 2013 but the documents
related to the financials for the year 2013 is not available from any source. Mr. Prashant (Project Manager) claimed that the company has not
started its business operations and further he denied parting any information
about the subject. However, business is active as per registrar of companies. Payment
terms are unknown. In the view of aforesaid, the company can be considered for business
dealings on safe and secured 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.
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. Prashant |
|
Designation : |
Project Manager |
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Contact No.: |
91-9925638438 |
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Date : |
13.05.2015 |
LOCATIONS
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Registered Office : |
Sant Kabir Road, Gendi Gate, Vadodara – 390001, Gujarat |
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Tel. No.: |
91-265-2427010 |
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Mobile No.: |
91-9925638438 (Mr. Prashant) |
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Fax No.: |
91-265-2427009 |
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E-Mail : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Ronakali Saifuddin Dholkawala |
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Designation : |
Director |
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Address : |
Ronak Building, Near Wadi Tower, Wadi, Vadodara – 390017, Gujarat, India |
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Date of Birth/Age : |
17.06.1963 |
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Date of Appointment : |
10.05.2010 |
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DIN No.: |
00277279 |
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Name : |
Mr. Nayabali Saifuddin Dholkawala |
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Designation : |
Director |
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Address : |
Behind Gandi Gate, Police Station Sant Kabir Road, Baroda – 390001, Gujarat, India |
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Date of Birth/Age : |
06.01.1965 |
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Date of Appointment : |
10.05.2010 |
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DIN No.: |
02435920 |
KEY EXECUTIVES
|
Name : |
Mr. Prashant |
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Designation : |
Project Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Ronakali Saifuddin Dholkawala |
5000 |
50.00 |
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Nayabali Saifuddin Dholkawala |
5000 |
50.00 |
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Total |
10000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Propose business activity is to deal with beauty care product. |
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Products : |
Beauty Care Product |
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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 : |
Not Divulged |
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Purchasing : |
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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Auditors : |
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Name : |
Bharat Parikh and Associates Chartered Accountants |
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Address : |
509 Shriram Chambers, R.C. Dutt Road, Alkapuri, Vadodara – 390007,
Gujarat, India |
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Tel. No.: |
91-265-2338755 |
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Email : |
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Website : |
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PAN No.: |
AABFB7439H |
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Collaborators : |
Not Divulged |
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Membership : |
Not Divulged |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2013
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 :
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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 Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
30.09.2012 |
30.09.2011 |
|
I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
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0.100 |
0.100 |
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(b) Reserves & Surplus |
|
0.000 |
0.000 |
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(c) Money
received against share warrants |
|
0.000 |
0.000 |
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(2) Share Application money pending
allotment |
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0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
|
0.100 |
0.100 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
|
0.060 |
0.060 |
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(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
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(c) Other long term
liabilities |
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0.000 |
0.000 |
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(d) long-term
provisions |
|
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
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0.060 |
0.060 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
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0.000 |
0.000 |
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(b) Trade
payables |
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0.000 |
0.000 |
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(c) Other
current liabilities |
|
0.045 |
0.020 |
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(d) Short-term
provisions |
|
0.000 |
0.000 |
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Total Current
Liabilities (4) |
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0.045 |
0.020 |
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TOTAL |
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0.205 |
0.180 |
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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 |
|
0.002 |
0.002 |
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(ii)
Intangible Assets |
|
0.000 |
0.000 |
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(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
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(iv)
Intangible assets under development |
|
0.000 |
0.000 |
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(b) Non-current Investments |
|
0.000 |
0.000 |
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(c) Deferred tax assets (net) |
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0.000 |
0.000 |
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(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
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(e) Other
Non-current assets |
|
0.086 |
0.053 |
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Total Non-Current
Assets |
|
0.088 |
0.055 |
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(2)
Current assets |
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(a)
Current investments |
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0.000 |
0.000 |
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(b)
Inventories |
|
0.000 |
0.000 |
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(c) Trade
receivables |
|
0.000 |
0.000 |
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(d) Cash
and cash equivalents |
|
0.092 |
0.100 |
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(e)
Short-term loans and advances |
|
0.025 |
0.025 |
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(f) Other current
assets |
|
0.000 |
0.000 |
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Total
Current Assets |
|
0.117 |
0.125 |
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TOTAL |
|
0.205 |
0.180 |
KEY RATIOS
|
PARTICULARS |
|
|
30.09.2012 |
30.09.2011 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
0.60 |
0.60 |
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Current Ratio (Current Asset/Current Liability) |
|
|
2.60 |
6.25 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
|
30.09.2011 |
30.09.2012 |
|
|
|
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
|
0.100 |
0.100 |
|
Reserves & Surplus |
|
0.000 |
0.000 |
|
Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Net
worth |
|
0.100 |
0.100 |
|
|
|
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|
|
long-term borrowings |
|
0.060 |
0.060 |
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Short term borrowings |
|
0.000 |
0.000 |
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Total
borrowings |
|
0.060 |
0.060 |
|
Debt/Equity
ratio |
|
0.600 |
0.600 |
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
19] |
Payments terms |
No |
|
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 |
No |
|
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 |
NO CHARGES EXIST FOR COMPANY.
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 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.64.19 |
|
|
1 |
Rs.100.58 |
|
Euro |
1 |
Rs.72.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
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|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
11 |
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.