MIRA INFORM REPORT
|
Report No. : |
323502 |
|
Report Date : |
20.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
OM MARKETING |
|
|
|
|
Registered
Office : |
C-106, Vimal Super Market, Apna Bazar, B.K. Cinema Road, Mehsana –
384002, Gujarat |
|
Tel. No.: |
91-2762-258702 |
|
|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Year of
Establishment: |
2009 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.844 Million (31.03.2013) |
|
|
|
|
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.] |
AACF01019M |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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|
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|
Line of Business
: |
Distributor of Micromax, Lenova, Panasonic Mobile |
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|
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|
No. of Employees
: |
45 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established partnership concern having satisfactory
track record. Management has reported 32% decline in sales turnover during FY 14-15
due to losing out distributorship of one of the prominent client. However,
the concerns expect a growth in the turnover during the coming financial year
(FY 15-16). Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The concern can be considered normal for business dealing at usual trade
terms and condition. |
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. Manish Patel |
|
Designation : |
Partner |
|
Contact No.: |
91-9879603653 |
|
Date : |
19.05.2015 |
LOCATIONS
|
Registered Office : |
C-106, Vimal Super Market, Apna Bazar, B.K. Cinema Road, Mehsana –
384002, Gujarat, India |
|
Tel. No.: |
91-2762-258702 |
|
Mobile No.: |
91-9879603653 (Mr. Manish) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Head Office : |
LIG-4G, Sector-4, K.K. Nagar, Opposite Menarav Hall, Rannapark, Ghatlodia,
Ahmedabad – 380061, Gujarat, India |
PARTNERS
|
Name : |
Mr. Chandresh Swami |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Manish Patel |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Krunal B. Patel |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mrs. Daksha C. Swami |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mrs. Dipika K. Patel |
|
Designation : |
Partner |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Micromax, Lenova, Panasonic Mobile |
|
|
|
|
Products : |
Not Available |
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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, Credit L/C |
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Purchasing : |
Cash, Credit L/C |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
45 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
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Auditors : |
|
|
Name : |
D.G. Patel and Company Chartered Accountants |
|
Address : |
5/A, Dinesh Nagar Society, Near Naranpura Rly. Crossing, Naranpura,
Ahmedabad – 380013, Gujarat, India |
|
Tel. No.: |
91-79-27461340 |
|
PAN No: |
AAFFD4114M |
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|
|
|
Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concern: |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2013
|
Capital Investment : |
|
|
Owned : |
Rs. 0.844 Million |
|
Borrowed : |
-- |
|
Total : |
Rs. 0.844 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
31.03.2015 |
31.03.2014 |
|
Sales Turnover (Approximately) |
|
300.000 |
150.000 |
|
|
|
|
(Losing out
distributorship of carbon) |
The above information has been parted by Mr. Manish Patel.
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.844 |
3.261 |
2.782 |
|
|
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 |
0.844 |
3.261 |
2.782 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.170 |
5.131 |
|
|
2] Unsecured Loans |
9.534 |
6.750 |
6.779 |
|
|
TOTAL BORROWING |
9.534 |
6.920 |
11.910 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
10.378 |
10.181 |
14.692 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.058 |
0.037 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.015 |
0.015 |
0.015 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.406
|
4.972 |
5.715 |
|
|
Sundry Debtors |
2.975
|
0.455 |
11.155 |
|
|
Cash & Bank Balances |
2.457
|
1.350 |
1.051 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
1.426
|
4.468 |
1.900 |
|
Total
Current Assets |
11.264
|
11.245 |
19.821 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.032
|
0.159 |
4.058 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.927
|
0.957 |
1.086 |
|
Total
Current Liabilities |
0.959
|
1.116 |
5.144 |
|
|
Net Current Assets |
10.305
|
10.129 |
14.677 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
10.378 |
10.181 |
14.692 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
211.810 |
296.130 |
358.259 |
|
|
|
Other Income |
13.583 |
15.761 |
10.374 |
|
|
|
TOTAL (A) |
225.393 |
311.891 |
368.633 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of goods Sold |
209.932 |
294.580 |
355.808 |
|
|
|
Rents |
0.069 |
0.045 |
0.036 |
|
|
|
Compensation to Employees |
1.057 |
0.817 |
1.136 |
|
|
|
Insurance |
0.029 |
0.029 |
0.042 |
|
|
|
Staff Welfare |
0.089 |
0.014 |
0.019 |
|
|
|
Entertainment |
0.113 |
0.000 |
0.000 |
|
|
|
Sales promotion Including Publicity (Other than Advertisement) |
0.100 |
0.000 |
0.024 |
|
|
|
Advertisement |
0.063 |
0.000 |
0.025 |
|
|
|
Commission |
0.075 |
0.034 |
0.057 |
|
|
|
Travelling Expenses |
0.123 |
0.060 |
0.082 |
|
|
|
Conveyance Expenses |
0.094 |
0.017 |
0.027 |
|
|
|
Telephone Expenses |
0.000 |
0.020 |
0.039 |
|
|
|
Audit Fees |
0.017 |
0.017 |
0.017 |
|
|
|
Other Expenses |
11.635 |
14.390 |
9.510 |
|
|
|
TOTAL (B) |
223.396 |
310.023 |
366.822 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
1.997 |
1.868 |
1.811 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.690 |
1.647 |
1.481 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.307 |
0.221 |
0.330 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.026 |
0.016 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
0.281 |
0.205 |
0.330 |
|
|
|
|
|
|
|
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|
Less |
TAX (H) |
0.099 |
0.063 |
0.115 |
|
|
|
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|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
0.182 |
0.142 |
0.215 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.08
|
0.05 |
0.06 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.13
|
0.07 |
0.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.48
|
1.82 |
1.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.06 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
11.30
|
2.12 |
4.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
11.75
|
10.08 |
3.85 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
2.782 |
3.261 |
0.844 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2.782 |
3.261 |
0.844 |
|
|
|
|
|
|
Secured Loan |
5.131 |
0.170 |
0.000 |
|
Unsecured Loan |
6.779 |
6.750 |
9.534 |
|
Total
borrowings |
11.910 |
6.920 |
9.534 |
|
Debt/Equity
ratio |
4.281 |
2.122 |
11.296 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
358.259 |
296.130 |
211.810 |
|
|
|
-17.342 |
-28.474 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR) |
(INR) |
(INR) |
|
Sales |
358.259 |
296.130 |
211.810 |
|
Profit |
215.000 |
0.142 |
0.182 |
|
|
60.01% |
0.05% |
0.09% |
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 |
No |
|
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 |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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 |
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Chandresh Dashrathbharthi Swami |
4.230 |
0.000 |
|
Daxaben Chandreshbhai Swami |
0.950 |
0.000 |
|
Dipika Krunalbhai Patel |
0.900 |
0.000 |
|
Krunal Bhagvan Bhai Patel |
2.300 |
0.000 |
|
Manjulaben Dasrathbharathi Swami |
0.950 |
0.000 |
|
Sapatak Sales Marketing Private Limited |
0.204 |
0.000 |
|
Amitbhai G. Patel Loan A/C |
0.000 |
0.250 |
|
Artiben Vishveshbhai Patel LOA |
0.000 |
1.500 |
|
Arvinbhai R Patel Loan A/C |
0.000 |
0.500 |
|
Bhavnaben Arvindbhai Patel LOA |
0.000 |
0.250 |
|
Binaben Manishbhai Patel |
0.000 |
0.450 |
|
Chhayaben Hiteshbhai Patel LOA |
0.000 |
0.150 |
|
Harshidaben Ambalal Patel Loan |
0.000 |
0.300 |
|
Kapilaben. Ambalal Patel Loan |
0.000 |
0.750 |
|
Maharshi Vishveshbai Patel |
0.000 |
0.900 |
|
Malatiben R. Patel Loan A/C |
0.000 |
0.750 |
|
Manishbhai G. Patel Loan A/C |
0.000 |
0.750 |
|
Ranchodbhai Babaldas Patel LOA |
0.000 |
0.050 |
|
Rinaben Hiteshbhai Patel Loan |
0.000 |
0.150 |
|
Total |
9.534 |
6.750 |
FIXED ASSETS
· Computer
· Air conditioner
· Air Cooler
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 : |
DPA |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
43 |
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.