MIRA INFORM REPORT
|
Report No. : |
349670 |
|
Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
MOHIT COSMETICS |
|
|
|
|
Registered
Office : |
Gala No. 105, Mangalam Industrial Estate, Bhoidapada, Sativali Road,
Vasai (East), Thana – 401208, Maharashtra |
|
Mobile No.: |
91-9320060096 (Mr. Sanjay Singh) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Year of
establishment : |
2009 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.987 Million |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
BKFPS7404E |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Manufacturer of Cosmetics |
|
|
|
|
No. of Employees
: |
16 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
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 started in the year 2009
having satisfactory track. Subject is a manufacturer of cosmetics. The concern is performing well. General financial position of the
concern is normal and acceptable for business dealings. Trade relations are reported as fair. Business is active. Payments
terms are reported usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions Note: Site visit was conducted at the address which you have provided. Our
executive has a word with Mr. Sanjay Singh (Proprietor) who provided with all
the information. As per our executive’s observations name board of the subject was not
sighted at the given address. Area of the premises seems to be industrial. It
is a three storey building and subject premise is located on the 1st
floor of the building and its area is around 3000 sq. ft. |
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 |
|
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Sanjay Singh |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9320060096 |
|
Date : |
18.11.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Gala No. 105, Mangalam Industrial Estate, Bhoidapada, Sativali Road,
Vasai (East), Thana – 401208, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9320060096 (Mr. Sanjay Singh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
2800 Sq. Ft. |
|
Location : |
Rented |
|
Locality: |
Industrial |
SOLE PROPRIETOR
|
Name : |
Mr. Sanjay Singh |
|
Designation : |
Proprietor |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Cosmetics |
|
|
|
|
Products : |
Cosmetics |
|
|
|
|
Brand Names : |
Not Available |
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|
|
|
Agencies Held : |
Not Available |
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Exports : |
Not Available |
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|
|
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Imports : |
Not Available |
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|
|
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Terms : |
|
|
Selling : |
Cheque and Credit |
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|
|
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Purchasing : |
Cheque and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Retailers, End Users and OEMs
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No. of Employees : |
16 (Approximately) |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Gaur and Savla Chartered Accountant |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Sister Concern : |
Not Available |
CAPITAL STRUCTURE
CAPITAL
ACCOUNT
[For
the year ended 31.03.2015]
|
Particulars |
Amount |
Particulars |
Amount |
|
Drawing |
0.551 |
Balance b/d |
2.192 |
|
LIC |
|
Capital Introduce |
1.650 |
|
Balance C/d |
3.987 |
Net Profit b/f |
0.695 |
|
|
4.538 |
|
4.538 |
FINANCIAL DATA
[all figures are
in Rupees Million]
Expected Sales (2015-2016): Rs.12.000 Million
The above information has been parted by Mr. Sanjay Singh (Proprietor)
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2015 |
31.03.2014 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
3.987 |
2.192 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
3.987 |
2.192 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.991 |
1.163 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.991 |
1.163 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
4.978 |
3.355 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.977 |
1.080 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000
|
0.000
|
|
|
Sundry Debtors |
|
0.439
|
0.204
|
|
|
Cash & Bank Balances |
|
5.161
|
1.980
|
|
|
Other Current Assets |
|
0.100
|
0.100
|
|
|
Loans & Advances |
|
0.000
|
0.000
|
|
Total
Current Assets |
|
5.700
|
2.284
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
1.690
|
0.000
|
|
|
Other Current Liabilities |
|
0.009
|
0.009
|
|
|
Provisions |
|
0.000
|
0.000
|
|
Total
Current Liabilities |
|
1.699
|
0.009
|
|
|
Net Current Assets |
|
4.001
|
2.275
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
4.978 |
3.355 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
|
4.878 |
3.951 |
|
|
Other Income |
|
0.058 |
0.101 |
|
|
TOTAL |
|
4.936 |
4.052 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of goods sold |
|
3.464 |
2.803 |
|
|
Salaries |
|
0.095 |
0.093 |
|
|
Interest to Bank |
|
0.070 |
0.018 |
|
|
Rent |
|
0.094 |
0.101 |
|
|
Insurance |
|
0.218 |
0.198 |
|
|
Electricity |
|
0.006 |
0.006 |
|
|
Telephone |
|
0.033 |
0.024 |
|
|
Professional Fees |
|
0.027 |
0.025 |
|
|
Printing and Stationery |
|
0.009 |
0.007 |
|
|
Office Maintenance |
|
0.006 |
0.004 |
|
|
Staff Welfare |
|
0.060 |
0.050 |
|
|
Conveyance |
|
0.056 |
0.049 |
|
|
TOTAL |
|
4.138 |
3.378 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
0.798 |
0.674 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
0.103 |
0.115 |
|
|
|
|
|
|
|
|
NET PROFIT |
|
0.695 |
0.559 |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2015 |
31.03.2014 |
|
Net Profit Margin (PAT / Sales) |
(%) |
|
14.25 |
14.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
12.19 |
24.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.17 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
0.25 |
0.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
3.35 |
1.00 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
2.192 |
3.987 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Net worth |
2.192 |
3.987 |
|
|
|
|
|
Long-term borrowings |
1.163 |
0.991 |
|
Short term borrowings |
0.000 |
0.000 |
|
Total borrowings |
1.163 |
0.991 |
|
Debt/Equity ratio |
0.531 |
0.249 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
3.951 |
4.878 |
|
|
23.462 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
3.951 |
4.878 |
|
Profit |
0.559 |
0.695 |
|
|
14.15% |
14.25% |
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 |
Yes |
|
5 |
Buyer visit details |
Yes |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
No |
|
30 |
Major shareholders, if available |
No |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OBSERVATION
DETAILS
REF. NO.: 349670
COMPANY NAME: MOHIT COSMETICS
ADDRESS: Gala No. 105,
Mangalam Industrial Estate, Bhoidapada, Sativali Road, Vasai (East), Thana –
401208, Maharashtra, India
CONTACT NO.: 91-9320060096
PERSON TO WHOM WE MET: Mr. Sanjay Singh DESIGNATION:
Proprietor
- NAME
BOARD: Not Sighted
- LOCATION: Difficult
- LANDMARK
(IN ANY): Sai Baba Mandir Gate
- TOTAL
FLOORS OF THE BUILDING: 3
- SUBJECT
SITUATED ON 1st FLOOR
- LOCALITY: Industrial
- AREA
OF PREMISES: 3000 (Sq. Ft)
- AREA: Upmarket
- NO.
OF EMPLOYEES SEEN AT PREMISES: 20
- VISIBILITY
OF ITEMS:
I.
TELEPHONE: YES
II.
FAX MACHINE: NO
III.
TELEX: YES
IV.
COMPUTERS: YES
V.
AIR CONDITIONER :
YES
VI.
OFFICE EQUIPMENT:
YES
VII.
XEROX MACHINE: NO
- PROOF OF VISIT: PHOTOGRAPH
FIXED ASSETS
- Celling Machine
- Filing Machine
- Furniture and Fixtures
- Plant
- Car Scorpio
- Bullet Bike
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 records 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.66.11 |
|
UK Pound |
1 |
Rs.101.03 |
|
Euro |
1 |
Rs.70.78 |
INFORMATION DETAILS
|
Information Gathered
by : |
SUV |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
GEET |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--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 |
YES |
|
--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 |
|
45 |
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.